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☆ Another way to play the commodity breakout with a copper stock forming a 'bull flag' chart pattern
▼ + stars: | 2024-04-19 | by ( Todd Gordon | ) www.cnbc.com time to read: +3 min

If you look at the other metals like copper and steel and their associated stocks you'll see breakouts as well, and in fact, they are showing more strength than gold stocks. Looking at a chart of copper we'll see a clear breakout above the early 2023 high of $4.35 with the 2022 highs of $5.00 targeted. Fundamentally speaking copper is an industrial metal heavily needed in China and India for infrastructure, transportation, and the green energy buildout. 'Bull flag' pattern The way I'm expressing this bullish thesis in copper is through my holdings in Southern Copper Corp (SCCO) in the dividend portfolio at Inside Edge Capital. That's not exactly cheap, but with the forecasted global demand of copper we think that multiple is justified.

Persons: There's, COPX, That's, Todd Gordon, Gordon, SCCO Organizations: Gold Miners, Copper Miners, Southern Copper Corp, Edge, Inside Edge, Inside Edge Capital Management Locations: China, India, Panama, GDX, COPX, Arizona

☆ Jane Goodall is world-famous for her work with chimpanzees. Now her focus has turned to a different crowd
▼ + stars: | 2024-04-18 | by ( Michelle Cohan | ) edition.cnn.com time to read: +5 min

Today, the recently-turned 90-year-old’s work looks a little different – taking place mostly indoors, and with a different crowd. Through her program called “Roots & Shoots,” Goodall empowers young people to create change within their communities. CNN spoke with Goodall recently during a trip to South Africa, where she observed some of the projects local Johannesburg students are heading up as part of Roots & Shoots. Goodall: I think it’s really important, this exchange of information from the elders to the youngers. Goodall: When I began Roots & Shoots in Tanzania in 1991, it was because I was meeting young people then who had lost hope.

Persons: Jane Goodall, ” Goodall, Goodall, Who, I’d, would’ve, ‘ Jane, Young, we’d, ‘, Robyn Beck, it’s Organizations: CNN, CNN CNN, Getty Images CNN Locations: Lake Tanganyika, Tanzania, British, South Africa, Johannesburg, Los Angeles

☆ A shift to renewable energy is 'hopeless' without efficiencies, environmentalist says
▼ + stars: | 2024-04-17 | by ( Vicky Mckeever | ) www.cnbc.com time to read: +3 min

Daniel Bosma | Moment | Getty ImagesExplorer and environmentalist Bertrand Piccard has called for a renewed focus on cutting energy waste, saying it's "hopeless" to shift to renewables without improving efficiency. "So if we try to replace fossil [fuel] energy with renewables without being efficient, without reducing the consumption, it's hopeless," he said. Another issue Piccard highlighted was that some countries only consider wind and solar as alternative renewable energy sources. Geothermal energy accounted for just 2.7% of renewable energy consumption, while wind power was 13.2% and solar energy was 7.2%. 'Paradox' of China's solar panel oversupplyPiccard also discussed the ongoing concerns about the potential oversupply of solar panels from China to the European market.

Persons: Daniel Bosma, Bertrand Piccard, Piccard, CNBC's Silvia Amaro, bioenergy, Janet Yellen Organizations: CNBC, Solar Impulse, European Commission, Treasury Locations: Netherlands, Europe, China, U.S

☆ Scientists solved the 70-year-old mystery of an insect's invisibility coat that can manipulate light
▼ + stars: | 2024-04-15 | by ( Ellyn Lapointe | ) www.businessinsider.com time to read: +5 min

"This is really the first study to understand how the brochosome's complex geometry interacts with light," Wong said. After almost a decade of research, they managed to 3D print the world's first synthetic brochosomes. Wong's future research will partly focus on making smaller synthetic brochosomes to target the shorter end of the electromagnetic spectrum. Yaorusheng/Getty ImagesAlthough Wong's synthetic brochosomes mark a major step towards invisibility-cloaking technology, scientists are still decades away from bringing anything to market. "Depending on our imagination, I think there are many cool applications that can come out of brochosomes," Wong said.

Persons: —, Tak Sing Wong, aren't, Lin Wang, Wong Brochosomes, Wong, Wong's, brochosomes, Hao Xin Organizations: Service, Pennsylvania State University, Penn State, Business, University of Arizona, European Union Locations: brochosomes

☆ Energy stocks are hot again. The rally could have more fuel to burn
▼ + stars: | 2024-04-12 | by ( Krystal Hur | ) edition.cnn.com time to read: +6 min

These robust gains come after a lackluster year for energy stocks. The energy sector fell roughly 5% in 2023, underperforming the broader S&P 500’s double-digit gains as concerns about the global economy hurt energy demand. Some investors say that energy stocks are poised for more gains, given the continued geopolitical turmoil and the US economy’s resilience. Energy stocks often do well when the economy is strong, since there’s more energy demand to fuel goods- and services production. Plug Power shares have slipped 34% this year, SolarEdge Technologies shares have tumbled 25% and Enphase Energy shares have slid 8%.

Persons: Nancy Curtin, “, ”, Bob Doll, he’s, Donald Trump, Trump, Matt Egan, ” Alex Durante, Read, Alicia Wallace, Price Organizations: CNN Business, Bell, New York CNN — Energy, Marathon Petroleum, Exxon Mobil, Occidental Petroleum, Halliburton, West Texas, Brent, Federal Reserve, Energy, RBC Capital Markets, Crossmark Global Investments, Organization of, Petroleum, Clean Energy, SolarEdge Technologies, Enphase Energy, Tax Foundation, CNN, Trump, of Labor Statistics, PPI Locations: New York, Ukraine, OPEC, China, Mexico

☆ Opinion | Seeking Technological Solutions to the Climate Crisis
▼ + stars: | 2024-04-11 | by ( ) www.nytimes.com time to read: +1 min

“Carbon capture and storage” and “direct air capture” may sound like pleasant, productive endeavors. But the truth is, they are indeed a wasteful distraction, doing more harm than good. Recent analysis from Food & Water Watch indicates that direct air capture is both preposterously expensive and ultimately pointless. Powering a direct air capture operation via traditional methods would create over three times more carbon emissions than it actually captured. Meanwhile, diverting wind and solar energy to run carbon capture facilities would be like using clean water to power a desalination plant — a wasteful loop of stagnation.

Organizations: & Water Watch

☆ Biden says U.S. economy is world's best. Trump calls it a 'cesspool.' Data is clear.
▼ + stars: | 2024-04-04 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +2 min

President Joe Biden is fighting to convince inflation-weary voters that the U.S. economy is healthy. "America has the best economy in the world," he told NBC's Today Show on Monday, laying out an argument that is central to his reelection campaign. "The U.S. economy is leading the way for the global economy. It's driving the global economic train," Moody's Chief Economist Mark Zandi told CNBC. Besides sticky high prices that are projected to cool in the coming year, Zandi said that the fundamentals of the current U.S. economy are nearly ideal: "The economy is picture perfect.

Persons: Joe Biden, NBC's, Donald Trump, Trump, Mark Zandi, Dow Jones, Zandi Organizations: Flex, International Monetary Fund, IMF, CNBC Locations: U.S, West Columbia, South Carolina, America, United States, Georgia

☆ The eclipse will affect solar power in states like California that are far outside the path of totality
▼ + stars: | 2024-03-31 | by ( Jenny Mcgrath | ) www.businessinsider.com time to read: +5 min

The solar eclipse on April 8 will affect solar power generation. The growth in solar power means the impact will be about three times higher than the 2017 eclipse. While the event will affect solar power generation, everyone's lights should still be on when they go back inside. Related storiesTo make up for the decrease in solar power, utilities will have to turn to other sources. A young woman looks through special eyewear to a solar eclipse a few years ago.

Persons: Barry Mather, Mather, Supapornpasupad, Igor Chekalin, It's Organizations: Service, National Renewable Energy Laboratory, of Energy Efficiency, Renewable Energy, Reuters Locations: Texas, Maine, Oregon, South Carolina, California, Alaska, San Antonio, Austin, Dallas, San Diego

☆ A startup's solar-powered backyard tiny home can help power the main house — see inside its first 100 prefab ADUs starting at $279,000
▼ + stars: | 2024-03-30 | by ( Brittany Chang | ) www.businessinsider.com time to read: 1 min

Cosmic’s niche is more planet-friendly: Its founder says its backyard homes can generate enough energy to supply some to the primary house. But Cosmic says its units' battery and solar energy systems can generate more than it uses, cutting the homeowner's electricity bill. The studio unit has a five-panel, 2.2-kilowatt photovoltaic system and a five-kilowatt-hour battery. Its founder told BI that both could be upgraded to become a "power plant" for the primary home. Even the water systems have been optimized: The ADUs can be further upgraded with a recycling water filtration system, allowing water to be reused for non-drinking purposes like the toilet or washing machine.

Locations: San Francisco

The International Energy Agency, a Paris-based intergovernmental group, notes that in 2023 China accounted for around 60% of global electric car sales. Yellen's remarks are to be delivered Wednesday afternoon at Suniva — a solar cell manufacturing facility in Norcross, Ga. It is reopening, in part, because of incentives provided by the Democrats' Inflation Reduction Act, which provides tax incentives for green energy manufacturing. The European Union, also concerned about the potential threat to its auto industry, launched its own investigation into Chinese subsides for electric vehicles last year. “In the past, in industries like steel and aluminum, Chinese government support led to substantial overinvestment and excess capacity that Chinese firms looked to export abroad at depressed prices,” Yellen said.

Persons: Janet Yellen, China's, ” Yellen, ”, Xi Jinping, Xi Organizations: WASHINGTON, —, International Energy Agency, Treasury, Democrats, China, Trade Organization, U.S, Chinese Commerce Ministry, European Union, “, Communist Party Locations: China, Georgia, Paris, Norcross , Ga, U.S, Beijing

☆ Former Ohio House Speaker Hit With 10 Additional Felony Charges
▼ + stars: | 2024-03-25 | by ( Michael Wines | ) www.nytimes.com time to read: +1 min

A former speaker of the Ohio State House of Representatives, now serving a 20-year federal prison sentence, was indicted on 10 more state felony charges on Monday in connection with a sprawling bribery scheme that handed a $1.3 billion bailout to a major regional energy utility. The charges against the former speaker, Larry Householder, followed an inquiry by the Ohio Organized Crime Commission that also produced indictments last month of two former executives of the Akron-based utility, FirstEnergy Corporation. The two men — Chuck Jones, a former FirstEnergy chief executive officer, and Michael Dowling, a senior vice president — were charged with funneling $4.3 million in bribes to the former chairman of the Ohio Public Utility Commission, Sam Randazzo. They and Mr. Randazzo, who was also indicted, have pleaded not guilty to a total of 27 charges. The FirstEnergy case has been called the largest political scandal in Ohio history.

Persons: Larry, Chuck Jones, Michael Dowling, —, Sam Randazzo, Randazzo Organizations: Ohio State House of Representatives, Ohio, Commission, FirstEnergy Corporation Locations: Akron, Ohio

☆ Biden’s Climate Law Has Created a Growing Market for Green Tax Credits
▼ + stars: | 2024-03-19 | by ( Jim Tankersley | ) www.nytimes.com time to read: +1 min

The climate law that President Biden signed in 2022 has created a large and growing market for companies to buy and sell clean-energy tax credits, new Treasury Department data suggests, creating opportunities for start-ups to raise money for projects like wind farms and solar panel installations. The market also provides new opportunities for large companies and financial firms to make money. The projects registered with Treasury vary widely in size. They could be as small as a single wind turbine or as large as a new advanced battery factory. The numbers reflect both the wide scope of the climate law and the novel mechanisms it created for companies to cash in on its incentives.

Persons: Biden Organizations: Treasury Department, Internal Revenue Service, Treasury, District of Columbia

☆ Solar CEOs bet that Red State investments will protect them from threat of Trump repealing IRA
▼ + stars: | 2024-03-15 | by ( Spencer Kimball | ) www.cnbc.com time to read: +9 min

First Solar , the largest panel manufacturer in the U.S., expects to receive about $1 billion in tax credits this year for making its products domestically. Eight of the top 10 congressional districts in terms of solar investments are represented by Republicans, according to the think tank. Enphase CEO Badri Kothandaraman is blunt that repealing the IRA tax provisions would hurt domestic manufacturing. Enphase makes inverters, a crucial component that converts solar energy harvested by panels into electricity that's usable in homes and in the power grid. Republicans appear less opposed to the wind and solar tax credits, Marcus said.

Persons: Biden, Trump's, Mark Widmar, Widmar, we've, who's, Badri Kothandaraman, Kothandaraman, Trump, Enphase, Tobin Marcus, Marcus, Wolfe, Dan Shugar, Shugar, John Berger, Berger Organizations: Republican, Financial Times, Republicans, House, First, CNBC, GOP, Center, American Progress, Wolfe Research, Senate, Trump, Investors, Detroit autoworkers, Department of Energy Locations: U.S, Arizona, Ohio, Louisiana, Alabama, Puerto Rico, Columbia , South Carolina, Arlington , Texas, Houston

☆ The ‘drinking bird’ makes a comeback and could power your gadgets with clean energy
▼ + stars: | 2024-03-14 | by ( Billy Stockwell | ) edition.cnn.com time to read: +4 min

“I began to contemplate whether we could convert the evaporation energy into mechanical energy first, and then translate it into electricity,” Wu said. Until now, previous attempts to convert evaporation energy into electricity have suffered from a low-conversion efficiency. The authors claim that their drinking bird generator can yield much more power than previous experiments that used other methods were able to. The team’s next goal is to design its own drinking bird that can harness the power of evaporation more efficiently. If they’re successful, the retro drinking bird may be here to stay.

Persons: it’s, Hao Wu, “, ” Wu, Wu, they’re Organizations: CNN, South China University of Technology Locations: Hong Kong, China

☆ U.S. solar energy company explains decision to set up a factory in the Philippines
▼ + stars: | 2024-03-13 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailU.S. solar energy company explains decision to set up a factory in the PhilippinesScott McHugo, founder and CEO of Sol-Go, discusses U.S. Secretary of Commerce Gina Raimondo's delegation to the Philippines, which his company is part of.

Persons: Philippines Scott McHugo, Commerce Gina Raimondo's Organizations: U.S, Sol, Commerce Locations: Philippines

☆ Mars could be driving ‘giant whirlpools’ in the Earth’s deep oceans, new study finds
▼ + stars: | 2024-03-12 | by ( Laura Paddison | ) edition.cnn.com time to read: +5 min

CNN —Mars may be around 140 million miles away from Earth, but the red planet is influencing our deep oceans by helping drive “giant whirlpools,” according to new research. The sediments revealed that deep-sea currents weakened and strengthened over 2.4 million-year climate cycles, according to the study published Tuesday in the journal Nature Communications. For the Earth, this interaction with Mars translates to periods of increased solar energy — meaning a warmer climate — and these warmer cycles correlate with more vigorous ocean currents, the report found. The authors describe these currents, or eddies, as “giant whirlpools” that can reach the bottom of the deep ocean, eroding the seafloor and causing large accumulations of sediments, like snowdrifts. Deep-sea sediments build in continuous layers during calm conditions but strong ocean currents disrupt this, leaving a visible stamp of their existence.

Persons: Adriana Dutkiewicz, sedimentologist, ”, Dietmar Müller, Müller, “, ” Müller, Joel Hirschi Organizations: CNN, Nature Communications, University of Sydney, Atlantic, National Oceanography

☆ U.S. companies to announce over $1 bln of investments in the Philippines, Commerce Secretary Raimondo says
▼ + stars: | 2024-03-12 | by ( ) www.cnbc.com time to read: +1 min

U.S. Commerce Secretary Gina Raimondo speaks during a Senate hearing in Washington, D.C., on May 16, 2023. American companies are set to announce investments amounting to more than $1 billion in the Philippines, U.S. Commerce Secretary Gina Raimondo said during an official visit to Manila on Monday. Raimondo is heading a two-day trade and investment mission, the first of its kind for the Philippines. The delegation includes executives from 22 companies including United Airlines , Alphabet's Google , Visa , KKR Asia Pacific, and Microsoft . United said last week it would launch new flights from Tokyo-Narita to Cebu, Philippines starting July 31.

Persons: Gina Raimondo, Raimondo, United, Joe Biden, Ferdinand Marcos Jr Organizations: Commerce, Washington , D.C, U.S . Commerce, United Airlines, Google, Visa, KKR Asia Pacific, Microsoft, U.S, Philippine Locations: Washington ,, Philippines, U.S, Manila, Tokyo, Narita, Cebu, China, South, Taiwan

☆ Opinion | There Is a Secret Hamiltonian in the White House
▼ + stars: | 2024-03-10 | by ( Jacob Soll | ) www.nytimes.com time to read: +2 min

President Biden has been called a lot of things, but Hamiltonian is not usually one of them. In spite of his economic successes, hardly anyone has thought to compare the president to the architect of the American economy. And yet, more than any president in generations, Mr. Biden shares Alexander Hamilton’s fundamental vision for the country: America needs a strong industrial strategy to support its long-term security. Mr. Biden’s CHIPS and Science Act and his Inflation Reduction Act reflect this idea. In spite of this, by all indications, the policies seem to be working, and Republican states are benefiting.

Persons: Biden, Alexander, ”, George Washington, It’s, Hamilton Organizations: Treasury Locations: America, Ohio, South Carolina , Tennessee, Texas

☆ Big Oil's favorite climate solution is 'like trying to push water uphill,' climate chief says
▼ + stars: | 2024-02-28 | by ( Sam Meredith | Www.Linkedin.Com In Samuelmeredith | ) www.cnbc.com time to read: +2 min

This photograph taken on February 27, 2024, shows the the Heidelberg Materials cement plant in Antoing, during a press visit. The cement plant intends to equip it's kiln with a carbon capture facility, which will enable the Antoing plant to achieve a net-zero carbon balance. Jim Skea, the head of the U.N.'s Intergovernmental Panel on Climate Change, warned on Tuesday that scaling up carbon capture still faces significant challenges. "CCS is much more like trying to push water uphill to get it into technological systems, it is more challenging." Skea's comments came during the first day of International Energy Week, formerly known as International Petroleum Week — a three-day global energy conference in London that convenes senior industry figures.

Persons: Jim Skea, Skea Organizations: International Energy, International Petroleum Locations: Heidelberg, Antoing, London

☆ Urban solar projects are becoming more common in Singapore. Here's how one company is powering the way forward.
▼ + stars: | 2024-02-23 | by ( Sponsor Post | ) www.businessinsider.com time to read: +8 min

EDP Renewables, a leading global renewables player, has its APAC regional headquarters based in Singapore. At street level, most people never see the solar revolution happening right above them — one that generates zero emissions and boosts Singapore's energy security. Singapore's solar ambitionsSingapore is in an obvious position to integrate solar into the national power grid. In 2023, EDP Renewables APAC greened Pulau Ubin's micro-grid with renewables. Singapore has 1 gigawatt (GW) of solar energy in operation, of which EDPR has more than 30% market share of fully-owned installed solar capacity.

Persons: Kris LeBoutillier, he's, Pedro Vasconcelos, Vasconcelos, EDPR, — Pedro Vasconcelos Organizations: EDP Renewables, Public, Housing & Development Board, JTC Corporation, Singapore Technologies, Singapore Authority, SolarNova, EDB, Renewables, EDP, Insider Studios, Singapore Economic Development Board Locations: Singapore, Asia, Singtel, Jurong Port, Port, Straits, Johor, Malaysia, APAC, 1GWp

☆ Sunrun stock could double in value as company shifts to solar energy storage, Jeffries says
▼ + stars: | 2024-02-22 | by ( Spencer Kimball | ) www.cnbc.com time to read: +1 min

Sunrun could see its stock price double over the next 12 months as the company is well positioned to take advantage of growth in the residential solar market after a disappointing 2023, according to Jeffries. Sunrun's stock was down nearly 9% in morning trading on Thursday after the company posted a steeper fourth-quarter loss than Wall Street expected and missed revenue estimates. The company's net subscriber value of $13,445 in the fourth quarter came in 12% above consensus estimates, Ailani wrote. Ailani's new price target is based on Sunrun's future subscriber growth plus the present value of its existing customers. Jeffries is estimating that Sunrun will add about 121,000 new subscribers in 2024, which is 7% above consensus estimates.

Persons: Jeffries, Dushyant Ailani, Sunrun, Ailani, — CNBC's Michael Bloom Organizations: Wall

☆ Greenland has lost ice 36 times the size of New York. That’s a huge problem for the planet
▼ + stars: | 2024-02-13 | by ( Angela Dewan | ) edition.cnn.com time to read: +3 min

CNN —The area of Greenland’s ice loss in the past three decades is roughly 36 times the size of New York City — land that is rapidly giving way to wetlands and shrubs, a study published Tuesday shows. Ice loss has exposed barren rock in parts of the country. Mark Smith/University of LeedsWarmer air temperatures have driven ice loss, which has in turn raised land temperatures. Snow and ice typically reflect the sun’s energy back into space, preventing excessive heating in parts of the Earth. Ice melt also increases the amount of water in lakes, where water absorbs more heat than snow, which increases land surface temperatures.

Persons: Jonathan Carrivick, Mark Smith, ‘, Michael Grimes, “, ” Organizations: CNN, University of Leeds, “ Locations: New York City, Greenland, Kangerlussuaq, Bowdoin, Qaanaaq, Kingdom of Denmark

In the U.S., lab-grown diamond sales jumped 16% in 2023 from 2022, according to Edahn Golan, an industry analyst. Social media posts show millennials and Generation Zs proudly explaining the purchase of their lab-grown diamonds for sustainability and ethical reasons. Natural diamonds take billions of years to form and are difficult to find, making their price more stable. Globally, lab-grown diamonds are now 5-6% of the market and the traditional industry is not taking it sitting down. It's also still true in more rural areas of the United States, while lab-grown diamonds have taken off more in the cities.

Persons: Bario Neal, Haley Farlow, ”, Golan, Zs, Farlow, that's, Cupid, Martin Roscheisen, Paul Zimnisky, Zimnisky, It's, Mother Earth, ” Zimnisky, Page Neal, it’s Organizations: PHILADELPHIA, Diamond, Diamond Foundry, telltale, Gemological Institute of America, Mother, Associated Press Locations: Philadelphia, U.S, India, China, Henan, Zhuhai, Na Diamond, HeNan, Ningbo Crysdiam, United States, Wenatchee , Washington, Columbia, AP.org

☆ These are the stocks hedge funds are betting the most against with S&P 500 at this lofty level
▼ + stars: | 2024-02-13 | by ( Pia Singh | ) www.cnbc.com time to read: +2 min

There is a significant amount of short interest in B. Riley Financial at 62.8% of the stock's float, or 10.4 million shares as of Jan. 31. Fisker has seen short interest continue for several weeks now. During the latter half of January, short interest remained flat but still amounted to 53.5% of the company's stock float. Short interest accounts for nearly a third of Blink Charging's total stock float. Shares of SunPower have fallen 25% this year, while Plug Power has lost more than 8%.

Persons: SunPower Organizations: Dow Jones, Nasdaq, CNBC Pro, New York Stock Exchange, Nasdaq Exchange, Riley, Street, Franchise, Riley Financial, Fisker, EV

☆ Fluence CEO says energy storage leader has record backlog that will push it to profitability this year
▼ + stars: | 2024-02-09 | by ( Spencer Kimball | ) www.cnbc.com time to read: +2 min

Energy storage leader Fluence is seeing strong demand from the power hungry utility sector and will become profitable this year, CEO Julian Nebreda told CNBC in an interview Friday. Nebreda said Fluence is preparing for "hypergrowth" as wind and solar play a growing role in the U.S. power grid. Fluence is the energy storage leader in the U.S., he said. The $25.6 million loss the company reported was 31% lower than its loss in the year-ago period. Founded in 2018 by Siemens and AES, Fluence went public in October 2021 at $28 a share, quickly touching $35 on its first day of trading.

Persons: Fluence, Julian Nebreda, Nebreda Organizations: Fluence, Siemens, AES Company, AES Alamitos Battery Energy Storage, Energy, CNBC, AES, Government Locations: Long Beach , California, U.S, Friday's, Qatar

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