Wednesday, 10 August 2022

UK must act on storage to ditch gas for offshore wind

UK must act on storage to ditch gas for offshore wind

The UK government's planning law changes will accelerate offshore wind build but critical energy storage policies are lagging behind, developers told Reuters Events.

Europe thrusts towards offshore wind grid, testing regulators

European countries are launching plans for offshore wind interconnectors but new regulatory mechanisms and multi-party coordination are critical to curb risks.

U.S. wind operators tool up to capture summer price spikes

Preventative maintenance, accurate weather forecasting and hedging of grid congestion will help wind farm owners optimise soaring power prices this summer.

California power plan lays bare the cost of renewables delays

A new multi-fuel generation reserve to alleviate summer power shortages in California shows how grid connection delays and a growing bundle of supply chain challenges are costing taxpayers and hampering clean energy goals.

TSX futures edge up ahead of U.S. inflation data

Futures for Canada's main stock index rose marginally on Wednesday, ahead of U.S. inflation data that will likely offer cues on the Federal Reserve's policy tightening path.

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Futures tick higher as investors brace for inflation data

U.S. stock index futures edged higher on Wednesday ahead of keenly awaited consumer prices data, which will allow investors to determine if inflation is peaking and help calibrate their expectations on future interest rate hikes.

With reshuffled cabinet, PM Kishida gets to work in choosing next BOJ head

With a cabinet reshuffle out of the way, Prime Minister Fumio Kishida's search for the next Bank of Japan (BOJ) governor will intensify in coming months with a small but possible chance of a dark horse getting the job.

Wendy's U.S. sales disappoint as inflation crimps consumer spending

Wendy's Co missed Wall Street estimates for quarterly U.S. same-store sales growth on Wednesday, as Americans reined in their spending on burgers and fries in the face of decades-high inflation.

U.S. renewables investors see Senate bill sparking gold rush

For the first time, investors seeking to pour cash into U.S. clean energy projects can count on at least a decade of generous federal subsidies, offering them long-sought confidence in the staying power of the world's third biggest renewables market.

Ford to use renewable energy sources to make vehicles in Michigan

Ford Motor Co said on Wednesday every vehicle it manufactures in Michigan would be assembled using solar and other renewable energy sources by 2025, as the automaker aims to lower its emissions.

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