Google to increase renewable energies globally

The US tech company Google (GOOGL ) has announced that it has made its biggest corporate purchase of renewable energy ever. This include 1600 megawatt package of wind and solar agreements and 18 new energy deals. According to Google more than 2 billion dollars will go to building new infrastructure in the US, Europe and Chile.

– These renewable energy purchases aren’t only notable for their size. Up to now, most of our renewable energy purchases in the U.S. have been wind-driven, but the declining cost of solar (down more than 80 percent in the past decade) has made harnessing the sun increasingly cost-effective. Meanwhile, our Chile deal marks the first time we’ll buy power in a hybrid technology deal that combines solar and wind. Because the wind often blows at different times than the sun shines, pairing them will allow us to match our Chilean data center with carbon-free electricity for a larger portion of each day, Google says in its press release.

The purchase is equivalent to the capacity of a million solar rooftops the Google CEO Sundar Pichai said.

Other tech companies are also announcing their climate change mitigation actions and energy efficiency plans before the next weeks UN Climate Change meetings. For example Amazon (AMZN) has said it will run only by renewables by 2030 and is targeting carbon-neutral by 2040.

Business Tech

Trump and Xi to have extended meeting in G20

The US President Donald Trump said today that he and the Chinese President Xi Jinping will have extended meeting during the G-20 meeting in Osaka, Japan next week.

Mr Trump tweeted that he had a “very good” phone conversation with Mr Jinping today and he confirmed that the trade negotiations teams will begin talks prior the meeting.

The meeting will take place in Osaka, where the G-20 leaders will gather on June 28-29. According to the Japan Prime Minister Shinzo Abe the meeting in Osaka, Japan is determined to lead global economic growth by promoting free trade and innovation, achieving both economic growth and reduction of disparities, and contributing to the development agenda and other global issues with the Sustainable Development Goals (SDGs) at its core. Through these efforts, Japan seeks to realize and promote a free and open, inclusive and sustainable, “human-centered future society.”

 

 

 

 

 

 

 

 

 

Business Finance

Polestar 2 – a new premium SUV

polestar-2-reveal-thomas-ingenlath-004

The Polestar company has launched its premium SUV and electric car Polestar 2. According to company info, the car has two electric motors and a 78 kWh battery capacity that will enable a targeted range of 500 km.

– Polestar 2 will only be available for ordering online. The guide purchase price for the launch version of Polestar 2 is 39.900-59,900 euros with subscription pricing to follow at a later date. Pre-orders are open at polestar.com. Production of Polestar 2 begins in early 2020 in China for global markets in both left- and right-hand drive, the company says in the press release.

Polestar 2 has embed Anroid system which enable the use of Google Assistant, Google Maps and Google Play.  It also has natural voice control and a new 11-inch touch screen display.

The company, which is owned by Volvo Car Group and the Chinese Zheijang Geely Holding, says that Polestar 2 will also be available in a network of soon-to-be-opened Polestar Spaces, that is Polestar Brand Stores.

This SUV´s initial launch markets include China, the United States, Canada, Belgium, Germany, the Netherlands, Norway, Sweden and the UK. Other markets are under consideration for future expansion, Polestar says.

Lifestyle Tech

Highlights of the year 2018 – Brexit, trade talks and green finance

The year 2018 was a year of Brexit, electric cars and trade talks. It included special moments in the financial markets and in the company side. Green Bonds and Green Finance were getting more attention in the markets and trade talks and Brexit were the topics during the year 2018 along. Climate Change and low carbon landed also in the agenda of central banks.

Investors were also asking what is the role of the City as a global financial hub. Should it have its own rules in spite of the Brexit? In the financial hub competition, Frankfurt and Paris were the European cities to get more new financial offices as financial companies were moving some operations to the EU side.

The UK Parliament is expected to vote of the Brexit during Janury 2019 after very intensive debate about the deal during the year.

Climate Change has become part of the everyday life in the financial markets and for example one of the biggest insurance companies in the US, Berskhire Hathaway informed in February 2018, that it has got 3 billion dollars losses of the natural catastrophies, the hurricances in the US. Several central banks, including the European Central Bank and some Asian ones, have also agreed about the co-operation in the climate issues and how to monitor the impact on the markets.

In the tech-side augmented reality and ioT were the themes for the year. Apple, Amazon, Google, Tesla, Intel  and Samsung  were one of the tech-companies to deliver new services related to the new technology. On the other side of the topic, Facebook was dealing with the privacy issues globally. New tech- companies listed in the markets were for example Spotify and Xiaomi.

Year 2018 was a year of electric cars in many countries. The e-cars breakthrough with charging issues was one of the tech topics as well. Telsa founder Elon Musk was the leading industry sector figure as he estimated that Tesla would make one million cars by 2020 in February 2018.

Also the German automakers announced new investments and concept cars. For example the BMW Group launched an autonomous driving campus in Munich in March 2018.

Year 2018 was also a year for luxury goods and services. The Basel World 2018 -fair announced its good selling and for example the CEO of Hublot, Ricardo Guadalupe,  told ComteamPUB+ that the company expects double digit growth for the year and that the Chinese customers will be the leading segment.

In the debt markets the US Uber and Netflix issued their junk bonds to investors. Uber, the ride-sharing company, is said to plan an IPO for the year 2019 according to the secret filings to the SEC.

One of the biggest infrastructure projects ever, the China Silk Road, is getting more attention from the green investors side, while the organization made its first announcement of the green principles for the project co-operation and operators. The ancient Silk Road is expected to rise the GDP growth by 4 % or 240 billion dollars in the countries invlolved according to Credit Suisse analysis.

The aim of the Roman time Silk Road is to connect the western Europe with the eastern coast of China and to renew the infrasturcture in between. This means also that the 10 world largest container ports are located along the route.

Trade talks between different countries have continued lively during the year. US and China have been in the headlines, but also the EU with its agreement with Japan.  The political situation and rising volatility in the financial markets tell the direction for the next year. Geopolitical easing is needed.

Päivi Härkönen, co-founder, ComteamPUB+

 

 

Business Finance Lifestyle

US tech sales to new record this year – 351 billion dollars

The US tech sales will make a new record this year. According to CTA, the Consumer Technology Association, the revenue will grow to 351 billion dollars. This is 3,9 % increase from year earlier.

According to the study, the growth will come from Smart Home, Smart Speakers and Virtual Reality products & services. Although the growth is strongest in the emerging technologies,  the volume sales come from the “old products” like smartphones, + 3% increase to 62,9 billion dollars or automotive electronics +5,1 % to 15,9 billion dollars.

Amazon Echo and Google Home -type smart speakers will get 3,8 billion dollars revenue, increase with 93 %. Smart Home sales will increase by 34 % to 4,5 billion dollars and virtual reality services + 18 % to 1,2 billion dollars.

Wearables, like smartwatches and health & fitness & sports products, will get 1 % increase to 6,4 billion dollars.

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Business

Samsung outlined its connected IoT strategy – CES2018

Samsung Electronics (SMSN:LI) outlined its vision and strategy for intelligent Internet of Things (IoT) experiences at the 2018 Consumer Electronics Show (CES) in Las Vegas.

During the press conference, Samsung demonstrated its  ability to make seamlessly connected consumer experiences across Samsung devices at home, at the office and on-the-go. Samsung has been working to make all Samsung products IoT ready by 2020. In addition, the company announced today its plan to advance IoT adoption via an open, consistent and intelligent platform.

– At Samsung, we believe IoT should be as easy as flipping a switch. With the new products and services announced today, we’re making IoT easier and more seamless,” said Hyunsuk Kim, President, Head of Samsung’s Consumer Electronics Division and Samsung Research.

– We’re committed to accelerating IoT adoption for everyone and making all Samsung connected devices intelligent by 2020, he said in the press release.

 

Hyunsuk (HS) Kim, President, Head of Samsung’s Consumer Electronics Division and Samsung Research

 

Samsung is working with partners such as the Open Connectivity Foundation (OCF). OCF is the largest IoT standardization body in the world.

According to Samsung, in spring 2018 the company will unite its IoT applications, including Samsung Connect, Smart Home, Smart View and more into the SmartThings app to connect and control any SmartThings-enabled device directly from their phone, TV, or car from a single application.

Additionally, Samsung announced plans to connect HARMAN Ignite to the SmartThings Cloud, moving the IoT experience beyond the smart home to the car. As a result, consumers will be able to manage their connected home from the car and vice versa.

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Lifestyle Tech

Is fat algae a new sustainable biodiesel?

Green and renewable energy using algae is not so new, but according to scientists from Synthetic Genomics, Inc. (SGI) and ExxonMobil (XOM:US)  they have found the way how to produce energy-rich fat in the algae in order to use that to produce biodiesel at an industrian scale.

According to companies success in developing algae-based biodiesel at commercial levels will provide a number of tangible benefits.  “The fuel emits fewer greenhouse gases than most conventional energy sources, and that will help strengthen our ongoing transition to low-emission energy resources. Also, unlike other biofuel feedstocks, such as corn, algae production at an industrial scale would not stress food production”, the companies say.

Exxon says that to boost fat production, SGI scientists worked with their counterparts at ExxonMobil as nutritionists of sorts, tweaking the part of the algae genome responsible for the assimilation of nitrogen, an essential nutrient. The change is an algae with about 40 percent of its biomass as fat. “That’s more than double the fat content of conventional algae”, the company states.

Exxon published this finding in their second quarter earnings call in July this year. The companys is expected to publish the third quarter earnings on the 27th October. The company market value is 349 billion dollars and stock performance has been -1, 19 percent during this year.

Business Lifestyle