Technology

Share to Twitter Share to Linkedin When you think about solving the climate crisis, what springs to mind? Most people’s knee-jerk reaction is along the lines of “electrification,” “carbon sequestration,” “recycling,” or “renewable agriculture.” While not many think of phrases like “big data” or “artificial intelligence,” several recent conversations have convinced me how important these fields are to helping our civilization thrive and survive into the next century. The two founder / CEOs with whom I have had the pleasure to speak recently use AI in very different ways and in completely different fields, but it is clear that the ubiquity of cheap computing power, combined with smart engineers and focused, visionary entrepreneurs represents a formidable force in helping us mitigate and adapt to today’s harsher, more challenging post-climate world. The companies featured in this article are Clir and SINAI Technologies . Clir Everyone knows that …

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Image source: The Motley Fool. Array Technologies, Inc ( NASDAQ:ARRY ) Nov 6, 2020 , 8:00 a.m. ET Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: Operator Good morning, and welcome to Array Technologies Third Quarter 2020 Earnings Conference Call. Today's call is being recorded, and we have allocated one hour for prepared remarks and Q&A. At this time, I'd like to turn the conference over to Anthony Rozmus, Investor Relations for Array Technologies. Thank you. You may begin. Anthony Rozmus -- Investor Relations Thank you, operator. I'd like to welcome everyone to Array Technologies' third quarter earnings call. On this call, management will be making statements based on current expectations and assumptions, which are subject to risks and uncertainties. Actual results could differ materially from our forward-looking statements if any of our key assumptions are incorrect because of other factors discussed in …

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The valuations of companies across the solar power industry have soared this year -- and with those higher stock prices come higher expectations for growth. High expectations are exactly why SolarEdge Technology's ( NASDAQ:SEDG ) shares got pummeled during the last month. And if it's starting to lose market share, those shares may continue their slide. Image source: Getty Images. What SolarEdge reported in Q3 For starters, we should ground this discussion in some metrics from 2020's third quarter. Management announced that SolarEdge's revenue fell by 17.6% to $338.1 million in the quarter, as the number of power optimizer units shipped declined by 28.7% to 3.3 million and the number of inverters shipped slid 18.8% to 152,500 units. Some may be tempted to overlook those declines in shipments and revenue because the residential solar industry has had a tough year. But the deeper we dig, the more we find fundamental problems with SolarEdge's business. SolarEdge may …

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SolarEdge Technologies ( NASDAQ:SEDG ) and Enphase Energy ( NASDAQ:ENPH ) are two of the most valuable companies in the solar industry, with market caps of  $16.5 billion and $21.6 billion, respectively. That's a little odd because both occupy similar places in the solar market, providing module-level power electronics, inverters, and monitoring devices for residential solar projects. In many ways, they're fighting for the same piece of the solar pie. As a result, the more of their market the two of them control, the more they'll be competing against each other for growth. And that could make at least one of them overvalued. Image source: Getty Images. Fighting for the same customers SolarEdge's core products are power optimizers that are attached to solar panels, and inverters that convert the DC power those panels produce into the AC power used in our homes and businesses. Enphase Energy makes microinverters that perform the DC-to-AC conversion at the individual …

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As North America's largest recycler, steelmaker Nucor ( NYSE:NUE ) knows that sustainability is good for citizens, as well as stakeholders. The company has been growing its use of renewable energy to power portions of its operations, and expanding generation capacity in areas like solar power is also good for Nucor's business. To that end, Nucor and Array Technologies ( NASDAQ:ARRY ) , one of the world's largest manufacturers of ground-mounting systems used in solar energy projects, announced a supply agreement yesterday that aims to benefit both companies. Nucor Steel-Texas. Image source: Nucor. Nucor already supplies various products to the solar industry. Last year, the company said orders for products in the renewable sector had already exceeded the 2019 volume by 15% just through September 2020. And new investment growth projects are being geared toward growing the business. In announcing a new tube mill project in March, Nucor said, "The Kentucky location …

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Share to Twitter Share to Linkedin Innovative carbon-capture projects are ready to launch in the U.S., according to experts gathered yesterday by the Atlantic Council, but they are waiting for IRS guidance expected since fall. The guidance should resolve uncertainty over how companies can take advantage of the carbon capture tax credit in Section 45Q of the Internal Revenue Code. “We’re all waiting with bated breath for the IRS to issue its guidance, but we continue to see, among the folks that we’re talking to, that everyone’s getting ready for that,” said Jeff Erikson, general manager of the Global Carbon Capture and Storage Institute. “While there haven’t been an awful lot of announcements about new projects yet,” he said, “we expect to see a significant push and several announcements in the six- to 12-months after the guidance is finalized.” Erikson and Lee Beck, a senior advisor at the institute, offered a preview yesterday of what those …

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Bengaluru-based Unacademy had on July 26 announced acquisition of live game streaming platform Rheo TV. (Representative image) Mumbai-based Fino Payments Bank which is backed by numerous marquee investors including BPCL , ICICI Group , Blackstone, IFC and Intel Capital has filed its DRHP with market regulator Sebi to raise around Rs 1300 crores via an initial public offer, multiple industry sources with knowledge of the matter told Moneycontrol. Moneycontrol was the first to report the firms listing plans on March 6th, 2021. Fino Payments Bank turned profitable in the fourth quarter of FY 20 and the move makes it the first profitable fin-tech to file for an IPO. It counts Airtel Payments Bank, Indian Post Payments Bank, Paytm Payment Bank, Jio Payments Bank & NSDL Payment Bank as its rivals. “The IPO size is likely to be around ₹1,300 crores which includes a fresh issue component of ₹ 300 cr as well as an OFS component,” according to market sources who added that …

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Source: Reuters The coronavirus might top the risks at the Tokyo Olympics, but organisers in Japan have other deadly, unpredictable threats to contend with: natural disasters. Japan is regularly rattled by earthquakes and battered by typhoons, and experts warn that disaster preparation for a major event like the Games should not take a back seat because of the virus. "For organisers, infection measures are an urgent challenge," Hirotada Hirose, a specialist in disaster risk studies, told AFP. "But the risks of a major earthquake mustn't be forgotten when you have an Olympics hosted by Japan," added Hirose, professor emeritus at Tokyo Woman's Christian University. Japan sits on the Pacific "Ring of Fire", an arc of intense seismic activity that stretches throughout southeast Asia and across the Pacific Basin. Close COVID-19 Vaccine Frequently Asked Questions View more How does a vaccine work? A vaccine works by mimicking a natural …

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With Virgin Galactic making its highest profile test flight to date with boss Richard Branson aboard, it’s only a matter of time before paying customers get their chance and New Mexico realizes a dream that has been decades in the making. With Virgin Galactic making its highest profile test flight to date with boss Richard Branson aboard, it’s only a matter of time before paying customers get their chance and New Mexico realizes a dream that has been decades in the making. Former Gov. Bill Richardson is among those who have been watching the progress of the space tourism company, ever since he and his team recruited the British billionaire to New Mexico. The two shook hands on a promise — Branson would build the world's first commercial spaceline for tourists, and New Mexico would build the spaceport. To naysayers who thought it was a boondoggle and a waste of taxpayer money, Richardson said: “You were dead wrong. You have to have a vision for the future, and it’s …

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Guests enjoy outdoor dining in the Manhattan borough of New York City, United States on May 23, 2021 (Image: Reuters/Caitlin Ochs) From the moment US coronavirus cases emerged in the Seattle area and then devastated New York City last spring, sweeping predictions about the future of city life followed. Density was done for. An exodus to the suburbs and small towns would ensue. Transit would become obsolete. The appeal of a yard and a home office would trump demand for bustling urban spaces. And Zoom would replace the in-person connections that give big cities their economic might. The pandemic promised nothing short of the End of Cities, a prophecy foretold by pundits, tweets and headlines, at times with unveiled schadenfreude. If the past year has laid bare many underlying forces in society, this was another one: a deep-rooted discomfort — suspicion, even — about urban life in America. But now city sidewalks are returning to life, pandemic migration patterns have become …

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