Bloomberg: Obama Seeks $12.8 Billion to Expand Clean-Energy Research
President Barack Obama wants to double U.S. investment in clean-energy research and development, to $12.8 billion by 2021, as part of a broader commitment to curb the effects of climate change.
The administration is seeking $7.7 billion in discretionary funding in fiscal 2017 to boost funding for the research at 12 federal agencies, according to a White House fact sheet released Saturday. The funding would increase by 15 percent a year through fiscal 2021.
CNN Money: Tesla's Worst Trading Day Since 2014
Shares fell 9% on Monday -- their biggest loss since September, 2014.
Several analysts have recently issued lukewarm reports on the electric-car maker, and Tesla's stock is down 38% so far this year. The company is slated to release its quarterly earnings update Wednesday afternoon.
Forbes: China Scores Big Win in Solar Trade Battle as REC Silicon Shutters U.S. Polysilicon Production
You can add REC Silicon to the list of corporate casualties in the battle between the United States and China over solar panels.
The Norwegian polysilicon manufacturer said today in a pre-quarterly earnings release update that it would shut down operations at a factory in Washington this month and delay previous plans for restarting production at a second facility in Montana.
Autocar: VW Plans Radical New Electric Vehicle in 2019
Volkswagen’s leading engineers have been challenged by company boss Herbert Diess to create an electric car that can be as iconic as the Golf.
The secret plan, uncovered by Autocar, has been hatched by Diess as a crucial pillar in the firm’s attempts to rebuild its reputation in the wake of the emissions scandal and is described as a watershed project similar in depth to the multibillion-pound engineering undertaking that spawned the i3 at BMW, his former employer.
Diess has told Volkswagen’s engineering bosses to create “the Volkswagen for the digital age," and the top engineering talent at the firm’s Braunschweig R&D center is already working on the new car, which is tentatively due in 2019.
CNBC: Huge Year for Wind Power in Europe
Offshore wind investments in Europe doubled in 2015, according to new data from the European Wind Energy Association (EWEA).
Spending hit 13.3 billion euros ($14.45 billion) last year, with the European Union's total offshore wind capacity now more than 11 gigawatts of power.
"The record year for investments and installations in the offshore wind industry is a very promising sign, and we now have 11 GW of offshore capacity in the EU," Oliver Joy, spokesperson for the EWEA, said in a statement.