12-02-2016, 11:52 PM
Authorities in London said that "at least" 20 brand new hydrogen buses would be delivered as part of a £10 million ($12.47 million) "part-EU funded project." Transport for London would provide at least £5 million of funding. Air pollution is an issue across the U.K. as a whole. A report earlier this year linked exposure to outdoor air pollution to roughly 40,000 deaths in the country a year.
Hydrogen-powered double-decker buses are coming to London
FuelCell Energy (NASDAQ:FCEL) says it will restructure to reduce costs and align production levels with current levels of demand. The company says it will reduce materials spend as well as implementing various cost control initiatives. A 17% workforce reduction of a total of 96 positions is included in the initiative. FuelCell says the production rate has been reduced to 25 megawatts annually, from the prior rate of 50 megawatts annually, in order to position for delays in anticipated order flow. The production level is anticipated to be temporary and will be reevaluated as order flow dictates.
“I think what Elon was trying to say is they have 300,000 Model 3 depositors, and SolarCity sells 100,000 residential systems a year, so you can see how the synergy between electric-vehicle owners and solar owners reverberates off of each other and ends up getting bigger and bigger and bigger,” said Jigar Shah, co-founder of Generate Capital, during a live taping of the Energy Gang at GTM’s Grid Edge World Forum on Wednesday. For Sonia Aggarwal, director of strategy at the think tank Energy Innovation who oversees America’s Power Plan, the opportunity to sell more products isn’t the most exciting aspect of the SolarCity deal. Rather, it's the potential to merge product offerings within a single entity and also sell grid services.