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☆ NYC's EV revolution is riding on Uber and Lyft drivers
▼ + stars: | 2024-04-22 | by ( Catherine Boudreau | ) www.businessinsider.com time to read: +13 min

For Uber and Lyft drivers, time is money, so widely accessible charging is key to the EV switch. A study by the US Department of Energy found that 1,000 fast chargers were needed for every 20,000 EV drivers on the road. A mad dash for EV licensesThe transition is getting an early test this year now that thousands more ride-hailing drivers have licenses. AdvertisementIn October, the Taxi & Limousine Commission opened applications for this gig work for the first time in five years — but for EV drivers only. In exchange, Uber drivers will get up to a 25% discount when they charge.

Persons: Manhattan, Tesla, Eric Adams, Bobby Familiar, Revel, Michael Replogle, David Do, Aeraj Qazi, Qazi, Guillermo Fondeur, Uber, he's, Fondeur, Adams, EVs, Con Edison, Flo, Replogle, it's, Josh Gold, Uber's, that's, Do, we've, Juliana Kaplan Organizations: EV, US Department of Energy, Business, NYC's Department of Transportation, Chargers, Taxi, Limousine Commission, TLC, New York Taxi Workers Alliance, Rentals, Department of Transportation, DOT, LaGuardia Airport, Tesla, Gravity, Green, Initiative Locations: New York City, Queens, NYC, Canadian, Canada, EVs, Manhattan, America

But the rattling shook buildings in New York City and drove startled residents into the streets. Image The command room of New York City Emergency Management. Today’s earthquake Magnitude 4.8 Conn. Pa. 1964 4.5 1994 4.6 250-mile radius from New York City Md. 250-mile radius from New York City Del. While earthquakes in New York City are surprises to most, seismologists say the ground is not as stable as New Yorkers might believe.

Persons: “, Kathy Hochul, ” Gov, Philip D, Murphy, Con Edison, Eric Adams, ”, Adams, Zach Iscol, Dave Sanders, Ron Hamburger, Valorie Brennan, Ada Carrasco, The New York Times “ I’ve, Kristina Feeley, Feeley, Folarin, “ There’s, Kolawole, Lazaro Gamio, Riyad H, Mansour, Janti, Hamburger, Michael Kemper, Clara Dossetter, David Dossetter, Dossetter, ’ ”, Lola Fadulu, Gaya Gupta, Hurubie Meko, Michael Wilson, William J . Broad, Kenneth Chang, Emma Fitzsimmons, Sarah Maslin Nir, Erin Nolan, Mihir Zaveri, Maria Cramer, Grace Ashford, Camille Baker, Liset Cruz, Michael Paulson, Patrick McGeehan, Troy Closson Organizations: ”, United States Geological Survey, Police Department, Fire Department, Con, Gracie Mansion, The New York Times, Whitehouse, New York City Emergency Management, Credit, Lamont, Columbia University, Maine CANADA, New York City Del, Lincoln Center, New York Philharmonic, United Nations, Children U.S, Security, New York Police, United Airlines, Newark Liberty International Airport Locations: Newark, New Jersey, Manhattan, Philadelphia, Boston, New York City, New York, Rockland County, Murphy of New Jersey, Whitehouse, N.J, California, Japan, Zach Iscol , New York, New, Northridge, Los Angeles, Califon, Marble, Ramapo, New York , New Jersey, Pennsylvania, Palisades, N.Y, N.H, Pa, New York City Md, Del, Va, Maine, R.I, Md, Palestinian, Gaza, East Coast, “, York, San Francisco, Gaya

☆ Orange Steam Funnels Are a New York Symbol. What Are They For?
▼ + stars: | 2024-04-02 | by ( Patrick Mcgeehan | Yuvraj Khanna | ) www.nytimes.com time to read: 1 min

Woody Allen included one that rose from Fifth Avenue in the opening montage of “Manhattan.” In one of the final episodes of HBO’s “Succession,” Kieran Culkin’s character leaves his father’s funeral and walks past one in the middle of East 55th Street. “Movie producers ask if they can rent them or buy them from us,” said Frank Cuomo, Con Edison’s general manager of steam services. He said one producer had contemplated using dry ice to simulate steam for a shot. But, he cautioned, if you ever see one onscreen in a scene set in Brooklyn or the Bronx, it has to be a fake.

Persons: Woody Allen, HBO’s, ” Kieran Culkin’s, ”, Frank Cuomo, Con Edison’s Organizations: ”, “ Locations: Manhattan, Brooklyn

☆ Cramer's Lightning Round: Oracle is a buy
▼ + stars: | 2023-08-09 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

Stock Chart Icon Stock chart icon Medtronic's year-to-date stock portfolio. Stock Chart Icon Stock chart icon Fisker's year-to-date stock portfolio. Stock Chart Icon Stock chart icon Adtran's year-to-date stock performance. Stock Chart Icon Stock chart icon Marvell's year-to-date stock performance. Stock Chart Icon Stock chart icon Oracle's year-to-date stock performance.

Persons: It's, Con, Con Edison, We've, Jeff Organizations: GE Healthcare, Enterprise, Public Service Enterprise, Marvell, Oracle

☆ ‘I Whisked Myself Down to the Street in Search of a Guy With a Clipboard’
▼ + stars: | 2023-06-04 | by ( ) www.nytimes.com time to read: 1 min

ImageDefying the JackhammerDear Diary:I work in the voice-over industry, which shifted entirely to recording from home during the pandemic. I already had the quintessential New York City home studio: a closet, treated with foam and sound-dampening tiles, where I recorded countless auditions and jobs. So I was prepared in 2020 when I landed a series of national television commercials that would run for months and into the holidays. I savored the news for a moment before the sound of Con Edison working outside reminded me that the gas lines were being replaced. I whisked myself down to the street in search of a guy with a clipboard.

Persons: Con Edison, ”, “ Organizations: New, New York City Locations: New York

☆ The clean energy company turning city blocks greener
▼ + stars: | 2022-12-05 | by ( Jennifer Korn | ) edition.cnn.com time to read: +5 min

New York CNN Business —BlocPower, a Brooklyn-based clean energy company, is bringing eco-friendly, all-electric heating and cooling systems to older buildings in lower income communities, with the goal of reducing carbon footprints and energy bills. By replacing dated equipment like gas powered furnaces with heat pump systems, the company says it is able to dramatically change a building’s environmental footprint. Building owners that have turned to BlocPower say they see a real difference. BlocPower lowered bills, made the energy system quieter, cleaned the air and offered cooling solutions that tenants are thrilled with. “What needs to happen now is we need to shift gears and move the entire infrastructure of energy systems and buildings away from fossil fuels to clean energy,” said Baird.

Apart from generating and selling electricity, RWE also operates a large desk that trades in electricity, gas and CO2 certificates as well as other commodities, which can lead to bumper profits in times of significant price swings. "We have a very fundamental understanding of how markets work," Chief Financial Officer Michael Mueller told reporters on Thursday. Stifel Research, keeping a "buy" rating on RWE shares, said trading results were driven by so-called contango, where the futures price of a commodity is higher than spot levels. Nine-month adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) rose to 4.1 billion euros ($4.1 billion), up from 2.4 billion a year earlier. Apart from the strong performance in trading, where profits were up 59%, results also benefited from higher electricity wholesale prices for gas and biomass, Mueller said.

☆ Here are some notable salary ranges from several of New York City's biggest employers, as a new pay transparency law peels back the curtain on workers' pay
▼ + stars: | 2022-11-02 | by ( Sarah Jackson | ) www.businessinsider.com time to read: +3 min

As of Tuesday, most New York City employers have to include salary ranges upfront in job posts. The new salary transparency law peels back the curtain on six-figure salaries at some of the city's biggest employers. Have you noticed big pay discrepancies between job postings at your company and your salary? Some had not yet listed salary ranges on multiple New York City job posts as of this writing, including Meta and Google. Citi, for example, initially listed a salary range of $0 to $2 million for a client service officer, as Motherboard first reported.

FRANKFURT/LONDON, Oct 20 (Reuters) - Morgan Stanley's infrastructure investment arm is weighing a sale of a 40% stake in German wind and solar power project developer PNE AG (PNEGn.DE) after being approached by potential suitors, three people familiar with the matter said. PNE confirmed on Thursday that Morgan Stanley and Photon Management intend to enter into open-ended preliminary talks with potential interested parties regarding Photon's stake in PNE. Photon, which is controlled by Morgan Stanley, is PNE's largest shareholder. Morgan Stanley Infrastructure Partners (MSIP) acquired the PNE stake following a failed takeover attempt in 2020. Buying the whole stake would trigger a mandatory takeover bid for all of PNE under German stock market rules.

Morgan Stanley Infrastructure Partners (MSIP) acquired the PNE stake following a failed takeover attempt in 2020. PNE, which has a project pipeline of more than 9 gigawatt and a generation portfolio worth 261 megawatt, has a current market capitalisation of 1.4 billion euros ($1.38 billion), valuing Morgan Stanley's stake at 560 million euros. Buying the whole stake would trigger a mandatory takeover bid for all of PNE under German stock market rules. A potential sale of MSIP's participation would result in chunky profits given the investment bank bought in at 4.00 euros per share and saw PNE's value grow to 18.50 euros. News about the potential stake comes in the wake of major renewables deal in recent weeks, including RWE's RWEG.DE $6.8 billion purchase of Con Edison's ED.N cleantech unit and BP's BP.L $4.1 billion takeover of U.S. biogas producer Archaea LFG.N.

☆ Electric vehicles will become power plants on wheels by providing backup power for homes and the grid
▼ + stars: | 2022-10-13 | by ( Catherine Boudreau | ) www.businessinsider.com time to read: +4 min

Electric vehicles in the coming years will be capable of powering homes and the grid. Backup power from EVs can help during storms and support electric grids strained by extreme weather. A new business unit, GM Energy, has a line of electric-vehicle chargers that can also feed power back to homes and the electric grid. "There's a value stack in EV batteries: supporting the grid, serving as backup power for your home, and also reducing greenhouse-gas emissions." The Ford F-150 Lightning also has bidirectional charging, which proved useful after Hurricane Ian pummeled southwest Florida's power grid.

The commercial operations are already underway, while home energy systems will be available starting next year as the 2024 Chevrolet Silverado EV goes on sale. Travis Hester, vice president of GM's EV growth operations, said the new business unit offers customers and energy grids "resiliency." PG&E is working with GM Energy on a pilot test of a "bi-directional charger," which allows an EV to provide power to a home during a blackout. The EVs charge at night when rates are low and potentially provide energy back to the grid during peak hours. It also has partnered with Sunrun as a preferred installer of home energy systems.

That spike in demand pushed prices higher, and was exacerbated by the retirement of coal-fired and nuclear plants, in favor of electric generators. Meanwhile, natural gas production has been slow to come back online after waves of shutdowns during the Covid-19 pandemic. Today, the price of natural gas is at levels not seen in more than a decade. The company said the increases are directly related to higher natural gas prices. "For many struggling families, higher prices can mean being forced to choose between heat, food or medication," the association said.

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