Bloomberg A wind turbine floating off the coast in northern Portugal began transmitting electricity to the grid, a crucial step for a technology that could vastly increase the potential for offshore wind power. The WindFloat Atlantic project is backed by European energy companies EDP Renovaveis SA, Engie SA and Repsol SA and uses the floating platform developed by Principle Power ...

Bloomberg Former US Energy Secretary Rick Perry is joining the board of the general partner that controls Dallas-based pipeline giant Energy Transfer LP. The move puts Perry, who departed the Energy Department in December, back at the table of one of the biggest pipeline operators in the US Billionaire Kelcy Warren’s Energy Transfer has made headlines for pursuing large projects ...

Bloomberg Pier 1 Imports Inc is planning a significant increase in store closings as the distressed home-furnishings chain seeks to cut costs and turn around operations. The company expects to announce the new round of shutdowns when it reports results for its third fiscal quarter next week, according to people with knowledge of the plan. The company aims to restructure ...