News

Israel plans to set up 2,560 charging stations for electric vehicles

The Israeli authorities on Monday announced plans to invest 25 million new shekels (6.83 million U.S. dollars) in setting up charging stations nationwide for electric vehicles.

Four tenders will be put out in October to set up a total of 2,560 charging stations across Israel, the energy ministry said.

A total of 60 fast charging stations will be built along the interurban roads, while 2,500 slow charging spots will be installed in the cities, it added.

The government will cover 50 percent to 75 percent of the entire costs, according to the tenders.

At the speed chargers, it will be possible to charge 60 percent to 80 percent of the battery within half an hour, while the slow charging is designed to last 8 hours and serve two cars at the same time.

The winning bidders are expected to sign contracts by January 2019, and to complete the project in two to three years.

According to ...

Sept. 5, 2018


Crypto market capitalization lost $120 billion in summer

At the beginning of June, total capitalization of the industry was over $331 billion. Right after that the majority of digital money hit its minimum price rate this year.

In the middle of August, market cap is floating between $210-$220 billion. Just early June it was over $331 billion and it lost 36% in only 11 weeks. Right now it hit the same number it was last November.

In Summer, Bitcoin has lost $1000 and reached $6500 while other cryptocurrencies lost even more than that. As a result, the market share of the leading cryptocurrency currently is over 53%.

Ethereum has dropped in price significantly. It lost half of its price — from $578 to $276. The historical high price was reported in January when Ethereum cost over $1400.

At the same time Ripple cost was $3,76 while right now it’s only $0,32. Only in summer, it has lost half of its price since ...

Aug. 30, 2018


Startup Full Harvest, which sells substandard products, raised $ 8.5 million

Full Harvest, A San Francisco-based startup, is trying to tackle food waste by facilitating sales of less-than-perfect produce.

“Consumers are getting pickier and pickier, which means Walmart and Costco and other large players demand perfect produce and present concerted buying power to farmers,” says Full Harvest’s Christine Moseley.  “It is time-consuming and cumbersome for farmers to try and sell any excess or ugly food.”

Full Harvest allows farmers to post excess produce on its platform. The company coordinates the sale to food and beverage companies, food service businesses, and food processing and packaged goods businesses. It has helped farms sell about seven million pounds of produce, AgFunderNews reports.

The company’s $8.5 million Series A round was led by Spark Capital, with backing from Cultivian Sandbox Ventures, Wireframe Ventures and executives from Rent the Runway and CircleUp.

Full Harvest raised $2 million in seed funding last April from Wireframe, BBG Ventures, Early Impact Ventures, Impact ...

Aug. 27, 2018


PepsiCo buys Soda Stream for $3.2 billion

PepsiCo bought carbonated drink maker SodaStream for $3.2 billion on Monday, a move the beverage giant hopes will further help it adjust as consumers drink less traditional soda and opt more for flavored waters and other drinks.

The deal is also a boon to SodaStream, which has enjoyed a resurgence after being targeted by anti-Israel boycotters in the past. The Israel-based company, which produces machines that allow people to make fizzy drinks in their own homes, has positioned itself as a provider of a healthy product in contrast to traditional sugary, carbonated drinks.

PepsiCo Chairman and CEO Indra Nooyi — who is stepping down from the CEO post in October — called the companies "an inspired match" since both companies aim to reduce waste and limit their environmental footprint.

SodaStream CEO Daniel Birnbaum said that the deal marked a "validation of our mission to bring healthy, convenient and environmentally friendly beverage solutions to ...

Aug. 20, 2018


Nokia signs $3.5 billion 5G deal with T-Mobile

Nokia is set to provide US mobile operator T-Mobile with its complete 5G technology software and services portfolio, as part of a $3.5 billion deal, signed to speed up the rollout of 5G mobile networks in the US  

The agreement will see Nokia working on T-Mobile's nationwide network, which will initially use spectrum in the 600MHz and 28GHz band, utilising 3GPP 5G New Radio standards.  

"Nokia and T-Mobile will advance the large-scale deployment of 5G services throughout the United States," said Ashish Chowdhary, chief customer operations officer, Nokia. 

The USA will be amongst the first countries in the world to rollout fully commercialised 5G networks, with some operators aiming at multiple city rollouts before the end of 2018.

/Source: Total Telecom/

Aug. 3, 2018


Tesla is looking at Germany for a new Gigafactory

The electric automaker already has a factory in Europe which is located in Tilburg in the Netherlands, but it is only used for ‘final assembly’ of Tesla’s Model S and Model X vehicles.

Musk has been talking about a full battery and vehicle factory in Europe for a while now. Several European countries have even launched campaigns to try to attract Tesla in their home market.

Tesla was supposed to confirm a location for a factory in 2017, but it never happened.

The CEO recently said that it still makes sense for Tesla to invest in manufacturing capabilities in Europe, China, and in North America – where all the company’s vehicles are currently being built.

Now Musk confirmed that Germany is leading the competition to get Tesla’s next Gigafactory:

The CEO also confirmed that even if Tesla ends up building a Gigafactory in Germany, the automaker’s headquarters will remain in the Netherlands.

Following the important local ...

July 20, 2018


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