Illustration: Rebecca Zisser/Axios

NEW YORK — A power technology conglomerate, known mostly for traditional energy sources like natural gas, has launched a new company to provide solar electricity and battery storage.

Why it matters: The announcement from Mitsubishi Hitachi Power Systems Americas, made Monday at the Bloomberg NEF conference, shows how the world's biggest energy and technology companies are adapting to a world, or at least many parts of it, that is demanding cleaner energy sources.

Driving the news: The new company, called Oriden, is a project development firm under the umbrella of Japanese company. The name is a play on the English word "origin" and the Japanese word "denki" (電気), meaning electricity.

"We offer nuclear, we offer coal, we offer hydro, we offer offshore wind, we offer natural gas. We want to be able to offer our customers whatever they want to buy. And we're strong believers that the future here in the United States is a combination of natural gas, renewables and storage."
— Paul Browning, CEO and president, Mitsubishi Hitachi Power Systems Americas

One level deeper: Browning tells Axios in an interview that the decision was partly in response to some state moves away from natural gas, including California and Arizona.

  • "We have to be thinking about what's next," says Browning, adding that hydrogen as a form of storage is also something the company is pursuing.

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Trump issues order banning TikTok if not sold within 45 days

Illustration: Aïda Amer/Axios

Americans and U.S. companies will be banned from making transactions with ByteDance, the Chinese owner of TikTok, in 45 days, according to a new executive order President Trump issued Thursday evening.

The big picture: Last week Trump announced his intention to ban TikTok but said he'd leave a 45-day period for Microsoft or other U.S.-based suitors to try to close a deal to acquire the popular video-sharing app.

Bill Hagerty wins Republican Senate nomination in Tennessee primary

Former U.S. Ambassador to Japan Bill Hagerty speaking at CPAC in 2019. Photo: Mandel Ngan/AFP via Getty Images

Former U.S. Ambassador to Japan Bill Hagerty won the Tennessee Republican Senate primary on Thursday evening, beating out surgeon Manny Sethi for GOP Sen. Lamar Alexander's seat, who announced his retirement in late 2018, AP reports.

Why it matters: Though the race narrowed in July, Hagerty — who received President Trump's endorsement in 2019 — stuck close to the president's messaging and touted his Tennessee roots.