S&P Global Market Intelligence presents the most read stories for the week ended May 31.
1. Burning concern: Energy storage industry battles battery fires
When a 2-MW battery array in Surprise, Ariz., caught fire and subsequently exploded April 19, it highlighted a troubling reality for the nascent energy storage industry: The sector's momentum, marked by record numbers of deployments, falling prices and expanding state mandates and incentives, could be derailed by a series of well-publicized and, in some cases, little-known incidents involving runaway fires.
2. Even as renewables costs fall, energy transition slows
Renewables soon could be the world's cheapest source of electricity, but the prospects for rapid reductions in carbon emissions from the power sector remain discouraging.
3. Climate advocacy group outlines 3 pathways for US to slash emissions by 80%
The Center for Climate and Energy Solutions released a report outlining what it believes are three plausible pathways for the U.S. to curb its emissions by 80% below 2005 levels by 2050.
4. Next election could inspire big partnerships to abandon MLP status, analyst says
If Energy Transfer LP and Enterprise Products Partners LP converted from partnerships to C-corps, they could potentially join the S&P 500 and become some of the top yielding names on the index.
5. Defaults on the rise in metals and mining sector, S&P Global Ratings data shows
Defaults are on the rise in the metals and mining sector in 2019, and many of the companies are based in the U.S., according to S&P Global Ratings. Most of the defaults in 2019 were either missed interest payments or distressed debt exchanges.