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Major power and gas company E.ON splitting in two; focusing on renewables, spinning off conventional power generation

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itself will focus on renewables, distribution networks, and customer solutions. SE will have three core businesses: renewables, distribution networks, and customer solutions. These two missions are so fundamentally different that two separate, distinctly focused companies offer the best prospects for the future. SE shareholders.

Power 244
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California ARB fines Ford $2.96 million for sales of non-compliant On-Board Diagnostic systems in California

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million, $740,000 will go to the California Pollution Control Financing Authority (CPCFA), which provides financial assistance to projects aimed at reducing pollution and waste and encouraging the use of renewable energy.

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EPA delays issuing 2014 RVO standards for RFS until sometime in 2015

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The US Environmental Protection Agency (EPA) will not finalize the 2014 applicable percentage standards (the 2014 Renewable Volume Obligations, RVOs) under the Renewable Fuel Standard (RFS) program until sometime next year. The RFS requires a certain percentage of renewable fuels in the US fuel pool. Background. Earlier post.).

2014 225
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Siemens presents three-point plan for implementing cost-efficient energy transition in Germany

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Siemens suggests abandoning a fixed target for renewable energies and concentrating on the CO 2 reduction goal. Germany has embarked on a large-scale Energiewende (energy transition)—a policy-driven shift away from nuclear and fossil energy to a renewable energy economy. Source: Siemens. Click to enlarge. billion) this year.

Germany 239
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President’s Budget for FY 2013 boosts discretionary funds for DOE, cuts fossil fuel subsidies

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Other key elements in the proposed budget for the DOE include: Increases funding for applied research, development, and demonstration in the Office of Energy Efficiency and Renewable Energy ($2.3 priorities in clean energy and advanced manufacturing, through grants, financing assistance, and tax incentives that accelerate fundamental.

2013 261
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Group of 285 global investors with more than $20T in assets under management calls for urgent action on investment-grade climate change and energy policies; guidelines for governments

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Contained within the report are case studies on the climate policies of six major emitters and further examples of investment-grade policy, which may prove instructive for national governments and negotiators considering future policy initiatives. Financial incentives that shift the risk reward balance in favor of low-carbon assets.

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Energy Conversion Devices files Chapter 11, seeks sale of businesses; Ovonic Battery Company sold to BASF Corporation

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a pioneer in materials science and renewable energy technologies, today voluntarily filed a petition for relief under Chapter 11 in the US Bankruptcy Court for the Eastern District of Michigan. 51-year-old Energy Conversion Devices, Inc. million in outstanding 3% Convertible Senior Notes due 2013.