For the first time since 2016, Energy is the top-performing sector on the S&P 500 (with Devon Energy leading the way).
Plus: Electricity is about to strike India, and films’ COVID budgets.
Plus: Longer wind turbines, CVS thefts, and ketchup fraud.
Numbers you should know from the week’s most interesting headlines.
7-Eleven is adding 500 EV charging stations across the US by the end of 2022 -- a big increase from its current 22 stations.
Chevron and BP are diversifying their portfolios by investing in geothermal startup Eavor.
Supply constraints are leading to higher prices for oil and metals for EV batteries (meant to replace oil).
GE, once the world’s most valuable company, is hoping to reinvent itself through offshore wind power investments.
Tesla (cameras + AI) and Luminar Technologies (LIDAR) have 2 competing visions on how fully autonomous vehicles will be achieved.
NextEra became America’s most valuable energy firm by making a big bet on renewables.
Based on research from a team out of MIT (and a spinoff company), nuclear fusion could be here by 2024.
Why has this power facility giant in South Africa gone through 10 CEOs in the last decade?
European investors have partnered on a $2.5B project to build a 329-mile-long extension cord from the Midwest to East Coast energy markets.