Bloomberg Wind and solar energy doubled its share of the global power mix over the last five years, moving the world closer to a path that would limit the worst effects of global warming. The sources of renewable energy made up nearly 10% of power in most parts of the world in the first half of this year, according to …

Bloomberg Betting on growing demand to finance and support mini power plants, Schneider Electric SE said that it was partnering with investors to launch a new company focussed on microgrids for small and medium-sized US businesses. Investors led by Jeff Ubben’s new sustainable investment firm Inclusive Capital Partners and clean energy-focussed Huck Capital, will back the partnership. Having reliable, sustainable …

Bloomberg Shale explorers parked more drilling rigs in the US this week as stagnant oil prices push the industry to extend a historic retrenchment. The number of active oil rigs in US fields fell by 4 to 172, according to Baker Hughes data. That’s the lowest level of activity since 2005, before the shale boom kicked off. The worst may …