Trump Won't Seek to Roll Back CA Vehicle Rules
President Donald Trump will announce the U.S. Environmental Protection Agency will revive a review of the feasibility of strict fuel efficiency standards through 2025, but will not seek to withdraw California's authority to set its own vehicle rules, a White House official said late on Tuesday. Reuters reported on Monday the administration planned to announce the review on Wednesday as Trump heads to Michigan, home of the U.S. auto industry.
China Three Gorges to buy German Wind Park
China Three Gorges, which operates the world's largest hydropower plant on China's Yangtze river, will buy German offshore wind park Meerwind from U.S. buyout firm Blackstone, the companies said on Monday. The terms of the sale were not disclosed but people familiar with the process have told Reuters that they expected it to be valued at around 1.6 billion euros ($1.8 bln). The deal, signed during a visit by German Chancellor Angela Merkel to China…
Plug Power Revenue, Fuel Cell Demand Soar
Plug Power Inc's quarterly revenue more than doubled, beating the average analyst estimate, helped by a rise in demand from customers including Wal-Mart Stores Inc, which uses its hydrogen fuel cells to power forklifts. Shares of Plug Power, which also turned a net profit for the first time due to a gain on stock warrants, rose about 7 percent to $6.23 in premarket trading. The company said it deployed its first hydrogen fuel cell unit at a Wal-Mart site in the second quarter.
Rolls-Royce Power Yields Stable Revenue in 1H 2014
Revenues generated by Rolls-Royce Power Systems AG remained stable in the first half of 2014. The 2014 half-year report published today by the Rolls-Royce Group shows revenues for the “Power Systems” segment of £1.214 billion (€1.473 billion). This represents 17% of the total revenues generated by Rolls-Royce. The business activities of today’s Rolls-Royce Power Systems AG are now included in the “Power Systems” segment…
UPS to Buy 1,000 Propane-Fueled Delivery Trucks
Reuters - United Parcel Service Inc, the world's largest courier company, said it would buy 1,000 propane-fueled delivery trucks and install 50 fueling stations in the United States as it expands its already-large fleet of alternative-fuel vehicles. The propane fleet, which UPS is buying from Daimler AG's Freightliner Custom Chassis Corp, will replace gasoline- and diesel-fueled vehicles used largely in rural areas in Louisiana and Oklahoma.
