
Energy Transfer to Build $5.3 Billion Texas-to-Arizona Natural Gas Pipeline
The expansion of the company's Transwestern Pipeline networks that's slated to begin operations in late 2029 will provide an outlet for Permian gas producers that have struggled with a dearth of shipping capacity.
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Clean energy investors relieved by Trump tax rule changes
(Reuters) -Shares of U.S. solar energy companies rose on Monday after the Trump administration released new subsidy rules for clean energy projects that were not as stringent as many investors had feared. Late on Friday, the Treasury Department narrowed the definition for what it means for a solar or wind project to be considered under construction, a requirement to qualify for federal tax credits worth 30% of a project's cost. The changes include requiring developers of big solar arrays and wind farms to complete physical work rather than simply show that they have invested capital. Solar companies criticized the move on Friday, but analysts, investors and others said the guidelines were better than many expected. The MAC Global Solar Energy index was up 4% in mid-day trade, with top gainers, including residential solar company Sunrun, up 9%, and panel manufacturer First Solar, up 8.6%. "Although it creates some complications, it is manageable," Raymond James analyst Pavel Molchanov said in an email. Some in the industry had feared that project developers would have to incur a large percentage of project costs in order to be eligible for the credits, or that they would have a narrower timeline to claim the subsidies after starting construction. The Treasury Department left the 4-year window unchanged for projects that start construction before the credits expire. The One Big Beautiful Bill Act requires projects to begin construction by July of next year or enter service by the end of 2027 to qualify for a 30% tax credit and bonuses that can push the subsidy even higher. Under previous law, the credits were available through 2032. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data


Bloomberg
an hour ago
- Bloomberg
Black Rock Coffee Bar Files for IPO Showing Narrowing Losses
Black Rock Coffee Bar Inc. filed for an initial public offering, disclosing growing revenue and narrowing losses. The Scottsdale, Arizona-based chain had a net loss of $1.95 million on revenue of $95.2 million for the six months ended June 30, compared with a net loss of $2.26 million on revenue of $76.7 million in the same period a year earlier, according to its filing Monday with the US Securities and Exchange Commission.
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AI: C3.ai Surges After Landing AI Partnership with Electrobras
Aug 18 - (NYSE:AI) shares moved higher Monday after the company announced a partnership with Brazilian utility Electrobras (NYSE:EBR). The deal marks another step in push to bring artificial intelligence deeper into the energy sector. Warning! GuruFocus has detected 5 Warning Signs with AI. Under the agreement, Electrobras will adopt C3 Generative AI to improve fault monitoring, streamline real-time responses, and enhance operational reporting across its control centers. The move reflects Electrobras' efforts to modernize its grid and improve efficiency at scale. For the win adds a major Latin American utility to its customer list and demonstrates how AI applications can support critical infrastructure. The company continues to position itself as a supplier of enterprise-grade AI tools across industries, including energy, defense, and manufacturing. The collaboration also highlights the growing role of automation in utilities, as companies seek to strengthen grid resilience and minimize costly downtime. Electrobras stock also edged higher on the news, reinforcing investor interest in energy companies leveraging digital solutions. Analysts suggest partnerships like this could provide with broader global visibility and open doors for future utility contracts. This article first appeared on GuruFocus.