U.S. Alternative Energy Correspondent
Nichola's Feed
Jun 5, 2013

Analysis: Buffett utility deal may signal big push to invest cash

By Nichola Groom

(Reuters) – MidAmerican Energy Holdings Co, a core part of Warren Buffett’s sprawling business empire, is becoming a favorite way for the “Oracle of Omaha” to invest the billions of dollars of cash on Berkshire Hathaway Inc’s (BRKa.N: Quote, Profile, Research, Stock Buzz) balance sheet.

The unit’s $5.6 billion acquisition of Nevada’s NV Energy (NVE.N: Quote, Profile, Research, Stock Buzz), announced last week, vaulted MidAmerican to ninth place in terms of U.S. electric utility customers from fourteenth, according to data compiled by Reuters, and fits right into Buffett’s strategy of owning businesses with large, predictable cash flows.

Jun 5, 2013

Buffett utility deal may signal big push to invest cash

June 5 (Reuters) – MidAmerican Energy Holdings Co, a core
part of Warren Buffett’s sprawling business empire, is becoming
a favorite way for the “Oracle of Omaha” to invest the billions
of dollars of cash on Berkshire Hathaway Inc’s balance
sheet.

The unit’s $5.6 billion acquisition of Nevada’s NV Energy
, announced last week, vaulted MidAmerican to ninth place
in terms of U.S. electric utility customers from fourteenth,
according to data compiled by Reuters, and fits right into
Buffett’s strategy of owning businesses with large, predictable
cash flows.

May 20, 2013

Insight: The road to a greener America is littered with road-kill

LOS ANGELES (Reuters) – In October 2004, then California Governor Arnold Schwarzenegger rolled up to a pioneering fueling station at Los Angeles International Airport in a hydrogen-powered metallic blue Hummer loaned to him by General Motors Corp.

The “California Hydrogen Highway,” Schwarzenegger’s vision to ensure that every Californian would have access to a hydrogen fueling station by the end of 2010, called for the state to spend more than $50 million to help deploy up to 100 hydrogen fuel stations that would serve 2,000 fuel cell vehicles. “We got 200 stakeholders around a table, literally, and mapped out who could get stations where,” said Terry Tamminen, a top adviser to Schwarzenegger.

May 20, 2013

The road to a greener America is littered with road-kill

LOS ANGELES, May 20 (Reuters) – In October 2004, then
California Governor Arnold Schwarzenegger rolled up to a
pioneering fueling station at Los Angeles International Airport
in a hydrogen-powered metallic blue Hummer loaned to him by
General Motors Corp.

The “California Hydrogen Highway,” Schwarzenegger’s vision
to ensure that every Californian would have access to a hydrogen
fueling station by the end of 2010, called for the state to
spend more than $50 million to help deploy up to 100 hydrogen
fuel stations that would serve 2,000 fuel cell vehicles. “We got
200 stakeholders around a table, literally, and mapped out who
could get stations where,” said Terry Tamminen, a top adviser to
Schwarzenegger.

May 15, 2013

SunPower forecast tops most estimates, shares up 12 percent

By Nichola Groom

(Reuters) – SunPower Corp (SPWR.O: Quote, Profile, Research, Stock Buzz), which makes solar panels and builds power plants with them, on Wednesday said revenue and profits for the rest of the year would be above most analysts’ estimates, sending its shares up 12 percent.

The news was the latest bright spot in the solar manufacturing industry, which has struggled mightily with a dramatic slide in prices over the last few years.

May 1, 2013

Electric car maker Coda files for bankruptcy

By Nichola Groom

(Reuters) – Green car startup Coda Holdings Inc filed for Chapter 11 bankruptcy protection on Wednesday after selling just 100 of its all-electric sedans, another example of battery-powered vehicles’ failure to break into the mass market.

The filing with U.S. Bankruptcy Court in Delaware will allow the Los Angeles company to exit the auto sector and refocus on energy storage, a far less capital-intensive business. The company uses the same technology it used in cars to build systems for utilities and building operators to store power.

May 1, 2013

U.S. electric car maker Coda files for bankruptcy

May 1 (Reuters) – U.S. green car startup Coda Holdings Inc
filed for Chapter 11 bankruptcy protection on Wednesday after
selling just 100 of its all-electric sedans, another example of
battery-powered vehicles’ failure to break into the mass market.

The filing with U.S. Bankruptcy Court in Delaware will allow
the Los Angeles company to exit the auto sector and refocus on
energy storage, a far less capital-intensive business. The
company uses the same technology it used in cars to build
systems for utilities and building operators to store power.

Apr 10, 2013

After mega-rally, First Solar outlook meets skepticism

April 10 (Reuters) – First Solar Inc this week cast
itself as a formidable survivor of solar industry turmoil, but
some in the market expressed doubt that the company would be
able to meet aggressive goals for cost reductions, technology
advances and contract wins.

Investors drove the company’s stock down 7.7 percent on
Wednesday as many cashed in on a staggering 45 percent rally the
day before. During a lengthy meeting with analysts, First Solar
on Tuesday forecast profit and revenue far in excess of most
analysts’ expectations.

Apr 9, 2013

First Solar soars 46 percent on outlook, acquisition

LOS ANGELES (Reuters) – First Solar shares logged their biggest ever one-day jump on Tuesday after the company said revenue and earnings for the next three years would be well above most Wall Street estimates and announced that it would acquire a new solar technology.

Shares were up $12.51, or 46.2 percent, at $39.55 in afternoon trade on the New York Stock Exchange. They hit a high of $41 earlier in the session, a level unseen in more than a year.

Apr 2, 2013

Tesla launches financing product for electric sedan

LOS ANGELES (Reuters) – Tesla Motors Inc (TSLA.O: Quote, Profile, Research, Stock Buzz) on Tuesday said it was partnering with Wells Fargo & Co (WFC.N: Quote, Profile, Research, Stock Buzz) and U.S. Bank (USB.N: Quote, Profile, Research, Stock Buzz) on a financing product that it says will make its pricey electric sedan accessible to more people.

Tesla, producer of the first fully electric sports car, said earlier this week it had its first profitable quarter ever in the first quarter thanks to stronger-than-expected sales of its Model S sedan, its second car model which is substantially cheaper than the first.