News

Apple launches a $300 million fund to bring clean energy to China

Apple has announced a new investment fund to boost clean energy in China by connecting suppliers with “renewable energy sources,” according to a press release.

The company says it will work with 10 other suppliers to jointly invest $300 million over the next four years. The end result is what Apple calling “the China Clean Energy Fund,” which will “invest in and develop clean energy projects” that total more than 1 gigawatt of renewable energy in the country. That’s enough to power 1 million homes, according to the company. A third party, DWS Group, will manage the funds and invest

Overall, Apple and its suppliers hope to generate more than 4 gigawatts of clean energy by 2020.

This announcement follows Apple’s previous dives into renewable energy projects over the past few years. In 2015, it launched the Supplier Clean Energy Program, committing 23 of Apple’s manufacturing partners to use entirely clean energy, and ...

July 13, 2018


Tesla's next California energy storage project may be its largest yet

Tesla's giant Australian energy storage facility may seem small in the near future. Pacific Gas and Electric has submitted proposals for four new energy storage projects to the California Public Utilities Commission, one of which is for a facility at its Moss Landing substation that could output 182.5MW over the course of four hours -- that's more than 3,000 of Tesla's Powerpack 2 units. For context, the Australian location outputs 'just' 129MW. The project would have a total 1.1GWh capacity, which fits with Elon Musk's recent hints that Tesla could have a "gigawatt-hour scale" deal within months.

The batteries would, as elsewhere, help keep up with "local capacity requirements" by supplying electricity at moments when power plants aren't enough to meet demand. Provided the CPUC approves the projects, they'd be ready between late 2019 and late 2020.

It might be a daunting feat to launch a storage battery system this large. Tesla's ...

July 2, 2018


South Korea to invest $2.34 Billion by 2022 in hydrogen vehicles

South Korea will invest 2.6 trillion won (US$2.34 billion) by 2022 to develop hydrogen-fuel cars and related infrastructure, boosting sales of the eco-friendly vehicles, the industry ministry said recently.

The Ministry of Trade, Industry and Energy said it aims to supply about 16,000 hydrogen vehicles and 310 charging stations nationwide by 2022 to tackle air pollution problems and promote next-generation cars. Local car makers have released a series of fuel cell lineups in recent years, but demand remains feeble in the domestic market due in large part to a lack of charging stations.

Under the agreement, leading automaker Hyundai Motor Co., the state-run Korea Gas Corporation and other companies will work together to install hydrogen fueling stations in major cities and on highways. The state-run Korea Express Corporation and Hyundai Motor will work together to install eight hydrogen charging stations on highways with heavy traffic and 10 more in Seoul and other ...

June 28, 2018


Ice Energy Announces Long-Term Funding Agreement with Argo Infrastructure Partners

Ice Energy, the leading provider of distributed thermal energy storage solutions, announced that it has entered into a long-term funding agreement with private equity manager Argo Infrastructure Partners LLC (“Argo”).

The investment establishes a strategic relationship that begins with $40 million in funding for Ice Energy and its current projects, which are supported by long-term utility contracts to manage peak power demand and load shifting.

“Through our collaboration with Argo, the funding needs of our existing projects are now met, and we have a quality source of capital enabling us to accelerate market development both in the U.S. and internationally,” said Mike Hopkins, CEO of Ice Energy. “Argo shares our view that thermal energy storage, and our Ice Bear technology in particular, has the potential to take a very significant share of a fast-growing market. We are tremendously excited to partner with Argo to do just that.”

/Source: GlobeNewswire/

June 26, 2018


Market volatility drives appetite for active investments among IFAs

The need to manage clients’ emotions in response to market events and the risks associated with them may be a challenge for financial advisers, but the way forward is clear: 81% say the current market is favourable to active management, according to a survey published today by Natixis Investment Managers.

More than eight in ten (82%) also believe that the length of the current bull market has made investors complacent about risk and 79% said clients don’t even recognize risk until it’s been realized in their investments. This trend appears to be based in large part on their passive holdings. Nearly three-quarters (74%) believe individual investors are unaware of the risks of passive investing, and 73% say individuals have a false sense of security about passive investing.

Cryptocurrencies now appear among advisers’ top concerns. After a considerable run up in 2017, nearly three-quarters (74%) see the potential for the cryptocurrency bubble to ...

June 13, 2018


Investors still bullish on US stocks and economy

Why are the markets moving higher? Companies are churning out profit, and the economy is healthy.

Tariffs, inflation, higher rates, and just about anything else that could spook the markets have taken a back seat. Investors care more about the fundamentals than they do the noise coming out of Washington.

Stocks were up again Monday. The Dow rose nearly 200 points, pushing it back into positive territory for the year.

The Nasdaq, the market exchange that's home to Apple (AAPL), Amazon (AMZN), Microsoft (MSFT) and many other American tech giants, is now up nearly 10% in 2018.

Friday's jobs report provided a Goldilocksian just-right scenario for bulls. Hiring and pay are going up, but wages aren't rising so dramatically to spark fears of rampant inflation and aggressive rate hikes from the Federal Reserve.

"Investors are looking at the broader data from the US and saying, 'We're still doing okay,' -- especially compared to the rest ...

June 4, 2018


Chief investment officer to leave California pension fund

The chief investment officer of California's $350 billion pension fund is stepping aside.

Ted Eliopoulos announced Monday he's leaving the California Public Employees' Retirement System once a replacement is hired. He's one of California's highest paid state workers and responsible for the nation's largest public pension fund.

Eliopoulos' five-year tenure coincided with significant volatility in financial markets.

CalPERS investments returned 11.2 percent last fiscal year after they fell short of the system's 7-percent target for several years.

CalPERS chief executive Marcie Frost credits Eliopoulos with reducing the costs and complexity of investments.

Eliopoulos says his family is moving to New York City, where two daughters are in college.

/Source: Business Insider UK/

May 14, 2018


Investors warned to expect increased volatility as US pulls out of Iran deal

Donald Trump’s decision to withdraw the US from the nuclear deal with Iran had swift repercussions on the global markets this morning, as the oil price surged to new post-2014 highs.

The announcement from the US president, who described the deal as “decaying and rotten” was roundly condemned by the remaining signatories to the 2015 deal, with Britain, France and Germany vowing to strive to salvage some aspects of the agreement with fellow parties China, Russia and Iran itself. The announcement left the US looking increasingly isolated, with only Israel and Saudi Arabia declaring their support for America’s withdrawal.

Trump said yesterday America will be imposing “powerful” sanctions with all but immediate effect. The price of a barrel of crude oil rose 1.10% overnight to reach 70.67 WTI.

Tom Elliott, international investment strategist at deVere Group said today investors should expect an increase in market volatility and advises they ensure that they are ...

May 9, 2018


Google in talks to buy Nokia's in-flight broadband business

Google is in talks to acquire Nokia’s airplane broadband business as the Alphabet Inc unit seeks to tap into new services and reach more users by offering in-flight high-speed internet, people familiar with the matter said.

Nokia’s technology could help Google offer a faster alternative to existing Wi-Fi on airplanes, said the people, who asked not to be identified because the deliberations are private. Talks are advanced and an agreement may be reached soon, the people said.

A final decision hasn’t been made and the companies could still decide against a deal, the people said. Representatives for Alphabet and Nokia declined to comment.

Nokia’s LTE A2G cellular-based system also creates a direct link ...

April 12, 2018


U.S. Stocks Surge, but Dow Industrials and S&P 500 Fall for the Quarter

Investors show willingness to buy stocks that have fallen sharply.

The Dow Jones Industrial Average rose more than 250 points Thursday as investors sought to take advantage of depressed valuations among some of the market’s most sought-after technology stocks.

Investors bought up shares of companies including Facebook, Google parent Alphabet, Nvidia and Amazon.com, among others, on the final trading day of the quarter ahead of the Good Friday holiday.

The stock index of the largest European enterprises Stoxx Europe 600 grew by 0.3%, in particular thanks to the automobile sector. US indices S & P 500 and Nasdaq increased by 0.1% and 0.4% respectively.

According to forecasts, taking into account the current trends, Stoxx Europe 600 will fall by 5% at the end of the quarter, Nikkei - by 7.1%. The indices of Nasdaq, Hong Kong's Hang Seng and the Italian FTSE MIB will show slight growth in the quarter.

After a dizzying growth in ...

April 2, 2018