Tope Alake
Reporter at Bloomberg News
Reporter @business | @ColumbiaJournMA alum | Opinions mine, RTs not endorsements
Articles
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2 weeks ago |
bloomberg.com | Tope Alake |Michelle Ma
Energy storage companies have committed to spending $100 billion this decade to expand US battery manufacturing, a trade group reported, as President Donald Trump ’s tariffs on China threaten to stunt the industry’s growth. Power companies have been adding large-scale batteries to the US electric grid at a rapid pace, both to prevent blackouts and store excess renewable energy for when it’s needed. But most of the batteries are imported, with 69% of lithium-ion imports coming from China.
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3 weeks ago |
financialpost.com | Tope Alake |Josh Saul |Romaine Bostick
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1 month ago |
bloomberg.com | Nathan Risser |Tope Alake |Josh Saul
Gold continues to break records, climbing past $3,200 an ounce. (Bloomberg) -- Uncertainty seems to be the only certainty there is for most markets these days, and in those moments, there’s gold. Investors continue to rush to the safe haven as US President Donald Trump’s trade policies generate fears of recession. Meanwhile, Europeans hitting the road this spring will see many more electric-vehicle charging stations after the region led the world last year in installations.
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Oct 3, 2024 |
finance.yahoo.com | Tope Alake |Ari Natter
EVgo Jumps 41% After $1.1 Billion Loan Commitment From DOE Tope Alake and Ari Natter Thu, October 3, 2024 at 10:02 AM EDT 1 min read In This Article: (Bloomberg) -- Shares of EVgo Inc. jumped as much as 41%, the most intraday since November 2021, after the electric vehicle charging company received a loan guarantee of up to $1.05 billion from the US Department of Energy.
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Oct 3, 2024 |
bloomberg.com | Tope Alake |Ari Natter
Shares of EVgo Inc. jumped as much as 41%, the most intraday since November 2021, after the electric vehicle charging company received a loan guarantee of up to $1.05 billion from the US Department of Energy. The financing would allow the Los Angeles-based company to build out about 7,500 additional fast charging stalls across the US in states including Arizona, California, Florida, Georgia and Illinois, EVgo said in a statementBloomberg Terminal Thursday.
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EVgo shares surged the most in more than three years after the EV charging company received a conditional loan guarantee of up to $1.05 billion from the US Department of Energy to expand its network. https://t.co/a2mZ6nFtUm
Hundreds of millions of dollars in state and federal grants have helped spur an influx of spending to develop EV chargers for medium- and heavy-duty trucks in the US. Via @climate with @cailliflower https://t.co/HTPh2DnzD9
America's struggle to curb natural gas emissions threatens to undermine the Biden administration’s goal of having 100% carbon-free power generation by 2035, BloombergNEF says in its New Energy Outlook. https://t.co/nO1luJep4i
