Melissa – Page 4 – Equity Daily

Tech partners seek to turn electric school bus batteries into 1GW virtual power plant

By Andy Colthorpe Electric school buses in the US could be turned into a virtual power plant (VPP) resource, through a new partnership between student transport supplier Zum Services and artificial intelligence-driven distributed energy software company AutoGrid. The pair announced yesterday that over the next four years, they want to use the batteries of 10,000 …

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Siemens and Fluence to build renewables-integrating 100MW/200MWh battery project in Germany

Leave a Comment / Energy / By Melissa

By Andy Colthorpe Siemens has signed a letter of intent for the construction of a turnkey 100MW / 200MWh large-scale battery energy storage system (BESS) in Wunsiedel, northern Bavaria, Germany. Siemens Smart Infrastructure, a business unit of the engineering giant which focuses on smart and digital energy, industry and building solutions signed the letter with …

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FERC issues preliminary permit for 2.65GW pumped hydro storage plant in Washington

Leave a Comment / Energy / By Melissa

By Andy Colthorpe A proposed 2,650MW pumped hydro energy storage project in Washington State has received a preliminary permit from the US Federal Energy Regulatory Commission (FERC). Developer Daybreak Power said yesterday that its US$4.9 billion Halverson Canyon Pumped Storage project received the favourable regulatory decision just before the end of June. The project would …

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Column: Developing nations need help to quit coal addiction: Kemp

Leave a Comment / Energy / By Melissa

By John Kemp LONDON, July 20 (Reuters) – Coal-fired power plants are proving hard to shutdown in developing economies because they are cheap and convenient, but keeping them going is pumping out carbon dioxide at a rate far beyond the level needed to achieve net zero emissions by 2050. Coal, which is being phased out …

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U.S. accuses Iran of trying to deflect blame for nuclear talks impasse

Leave a Comment / Energy / By Melissa

By Reuters WASHINGTON/CAIRO, July 17 (Reuters) – The United States on Saturday accused Tehran of an “outrageous” effort to deflect blame for the impasse in Iran nuclear talks and denied that any agreement had been reached on a prisoner swap. Iran’s chief nuclear negotiator, Abbas Araqchi, said earlier on Twitter that the next round of …

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European stocks claw back some losses, helped by miners, UBS

Leave a Comment / Markets / By Melissa

By Sruthi Shankar (Reuters) – European stocks stabilised on Tuesday after their worst sell-off this year in the previous session, helped by a handful of positive corporate earnings and production updates from miners. The pan-European STOXX 600 index rose 0.5%, after worries about the fast-spreading coronavirus Delta variant and slowing economic growth had knocked 2.3% off …

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Crypto firm trading raises $900 mln at $18 bln valuation

Leave a Comment / Markets / By Melissa

By Reuters Staff July 20 (Reuters) – FTX Trading Ltd said on Tuesday it had raised $900 million in a funding round that valued the owner of the FTX.COM cryptocurrency exchange at $18 billion. (Reporting by Niket Nishant in Bengaluru; Editing by Aditya Soni) Source: Crypto firm FTX Trading raises $900 mln at $18 bln valuation …

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PRECIOUS-Gold listless as resilient dollar curbs safe-haven buying

Leave a Comment / Markets / By Melissa

By Nakul Iyer -Dollar firms near multi-month highs -Swiss gold exports to China ease (Recasts, adds comment and updates prices) July 20 (Reuters) – Gold was subdued in volatile trade on Tuesday as the dollar strengthened, curbing inflows into the safe-haven metal despite some concerns over a surge in COVID-19 cases. Spot gold was little changed …

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US STOCKS-Wall Street reverses losing streak on renewed hopes of economic revival

Leave a Comment / Markets / By Melissa

By Stephen Culp (For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window.) Banks, small caps, transports outperform Halliburton up on rebounding oilfield services demand Netflix, United Airlines, Chipotle earnings on tap -Indexes up: Dow 1.75%, S&P 1.64%, Nasdaq 1.64% (Updates to late afternoon; changes …

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Brookfield’s battery maker Clarios eyes nearly $11 billion valuation in U.S. IPO

Leave a Comment / Markets / By Melissa

By Reuters Staff (Reuters) -Clarios International is aiming for a valuation of up to $10.7 billion in its U.S. offering, it said on Tuesday, as the Brookfield Asset Management-backed battery maker looks to tap into a red-hot IPO market. Several high-profile startups including online brokerage Robinhood and electric-vehicle firm Rivian are looking to list in a …

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