Information economy

Ecolab Achieves 100% Renewable Electricity in Europe With the Completion of Windfarm Development Project

Retrieved on: 
Wednesday, March 13, 2024
Other Energy, Manufacturing, Environmental Issues, Environmental Health, Energy, Professional Services, Environmental, Social and Governance (ESG), Other Science, Other Natural Resources, Environment, Sustainability, Natural Resources, Science, Other Manufacturing, Carbon, Electricity, RD&E, Growth, Inc., Global warming potential, Hygiene, Information economy, PPA, RE100, Renewable energy

Now, the windfarm has reached full commercial operation, and its 30MW capacity will generate approximately 100GWh of electricity annually.

Key Points: 
  • Now, the windfarm has reached full commercial operation, and its 30MW capacity will generate approximately 100GWh of electricity annually.
  • This achievement elevates the company’s global renewable electricity sourcing level to 80%, marking a significant stride in Ecolab’s journey to achieving 100% renewable electricity globally by 2030, a key component of Ecolab’s 2030 Impact Goals.
  • Ecolab’s Power Purchase Agreements and its other initiatives put the company on pace to achieve its renewable electricity targets by 2030.
  • That’s well ahead of guidelines outlined by RE100 , a global corporate initiative focused on achieving 100% renewable electricity by 2050, of which Ecolab is a member.

Williams Executives to Speak at CERAWeek 2024

Retrieved on: 
Thursday, February 29, 2024
Energy, Other Energy, Utilities, Oil, Gas, Carbon, Natural gas, CDT, S&P Global, CERAWeek, Information economy, WMB, Management

Williams (NYSE: WMB) President and Chief Executive Officer Alan Armstrong and members of the Williams leadership team will join the world’s energy industry leaders, experts, government officials and policymakers, as well as leaders from the technology, financial and industrial communities at the 42nd annual CERAWeek presented by S&P Global, to be held March 18-22 in Houston.

Key Points: 
  • Williams (NYSE: WMB) President and Chief Executive Officer Alan Armstrong and members of the Williams leadership team will join the world’s energy industry leaders, experts, government officials and policymakers, as well as leaders from the technology, financial and industrial communities at the 42nd annual CERAWeek presented by S&P Global, to be held March 18-22 in Houston.
  • Mr. Armstrong will participate in a plenary session with other esteemed energy industry leaders to discuss The Future Role of Natural Gas in a Low Carbon World on Wednesday, March 20 at 8:30 a.m. CDT.
  • The session will focus on natural gas in an evolving energy mix and how producers and midstream providers are applying their core competencies toward a long-term energy transition.
  • Micheal Dunn, Executive Vice President and Chief Operating Officer, will speak on the panel Big Infrastructure: Executing Amid Challenges

Trina Storage partners with Low Carbon to deliver energy storage systems for four UK sites

Retrieved on: 
Wednesday, February 7, 2024
Carbon, Partnership, Information economy, BESS, Trina, Software, LFP, Renewable energy

MUNICH, Feb. 7, 2024 /PRNewswire/ -- Trina Storage, a business unit of Trina Solar, has secured a deal to provide battery energy storage systems (BESS) for four UK sites operated by international Independent Power Producer Low Carbon. The systems will deliver approximately 190 MWh of total storage capacity, bringing new arbitrage and other ancillary capabilities to each plant.

Key Points: 
  • Projects will provide close to 190 MWh of storage capacity, enhancing arbitrage and ancillary services capabilities
    MUNICH, Feb. 7, 2024 /PRNewswire/ -- Trina Storage, a business unit of Trina Solar, has secured a deal to provide battery energy storage systems (BESS) for four UK sites operated by international Independent Power Producer Low Carbon.
  • The systems will deliver approximately 190 MWh of total storage capacity, bringing new arbitrage and other ancillary capabilities to each plant.
  • Justin Thesiger, Managing Director of Global Supply Chain at Low Carbon said: "We are delighted to be partnering with Trina Storage to deliver these projects.
  • Our collaboration with Trina Storage, and Trina Solar more widely, will help us to maximise the potential of our sites and accelerate the energy transition."

Trina Storage partners with Low Carbon to deliver energy storage systems for four UK sites

Retrieved on: 
Wednesday, February 7, 2024
Carbon, Partnership, Information economy, BESS, Trina, Software, LFP, Renewable energy

MUNICH, Feb. 7, 2024 /PRNewswire/ -- Trina Storage, a business unit of Trina Solar, has secured a deal to provide battery energy storage systems (BESS) for four UK sites operated by international Independent Power Producer Low Carbon. The systems will deliver approximately 190 MWh of total storage capacity, bringing new arbitrage and other ancillary capabilities to each plant.

Key Points: 
  • Projects will provide close to 190 MWh of storage capacity, enhancing arbitrage and ancillary services capabilities
    MUNICH, Feb. 7, 2024 /PRNewswire/ -- Trina Storage, a business unit of Trina Solar, has secured a deal to provide battery energy storage systems (BESS) for four UK sites operated by international Independent Power Producer Low Carbon.
  • The systems will deliver approximately 190 MWh of total storage capacity, bringing new arbitrage and other ancillary capabilities to each plant.
  • Justin Thesiger, Managing Director of Global Supply Chain at Low Carbon said: "We are delighted to be partnering with Trina Storage to deliver these projects.
  • Our collaboration with Trina Storage, and Trina Solar more widely, will help us to maximise the potential of our sites and accelerate the energy transition."

Unlocking Ontario's Sustainable Energy Future with Long Duration Energy Storage

Retrieved on: 
Wednesday, January 24, 2024
Research, Policy, Electricity, IESO, Information economy, Independent Electricity System Operator, Western Canada, ESC, Education, SMR, Small modular reactor, Growth, Renewable energy

TORONTO, Jan. 24, 2024 /CNW/ - Today Canada's national trade association for energy storage, Energy Storage Canada (ESC), released a foundational report on the benefits of Long Duration Energy Storage (LDES) in Ontario.

Key Points: 
  • TORONTO, Jan. 24, 2024 /CNW/ - Today Canada's national trade association for energy storage, Energy Storage Canada (ESC), released a foundational report on the benefits of Long Duration Energy Storage (LDES) in Ontario.
  • The report identifies a minimum of 6 gigawatts (GW) of +10-hour duration energy storage starting in 2032.
  • "The IESO needs to capitalize on that momentum and continue future-proofing our energy system by making a clear commitment to procuring cost-saving Long Duration Energy Storage (LDES) resources.
  • Long duration energy storage will save the world economy $540 billion and transform into a trillion-dollar industry by 2040.

'Informal Economy' of No Help to Low-Wage Earners, LISEP Study Shows

Retrieved on: 
Wednesday, November 29, 2023
Poverty, Ludwig Cancer Research, Informal economy, Perception, Occupation, TRU, Information economy, Employment, Hobby, Impact, Woman, Tutoring

WASHINGTON, Nov. 29, 2023 /PRNewswire/ -- Even when accounting for unreported income, more than one-in-five American workers are still unable to find employment or generate income lifting them above the poverty line, according to a new study by the Ludwig Institute for Shared Economic Prosperity (LISEP).

Key Points: 
  • Even when accounting for unreported income, more than 1-in-5 workers are still unable to maintain a living wage.
  • Today LISEP issued a new report, "The Hidden Workforce: The Impact of the Informal Economy on Functional Employment," a study to supplement its monthly True Rate of Unemployment report (TRU).
  • TRU measures the "functionally unemployed," defined as the jobless plus those seeking, but unable to find, full-time employment paying above the poverty line.
  • "The perception that middle- and lower-income workers are thriving in a shadow economy is nothing more than a myth."

Red Cloud Announces Annual Fall Mining Showcase 2023 Schedule

Retrieved on: 
Thursday, November 2, 2023
Cloud, Benchmark, Mining, Autumn, Energy, Red Cloud, Metal, Partnership, The Company, Information economy, Cryptocurrency

Toronto, Ontario--(Newsfile Corp. - November 2, 2023) - Red Cloud Financial Services Inc. in partnership with Red Cloud Securities (together, "Red Cloud" or the "Company") is hosting its annual Fall Mining Showcase in-person at the Sheraton Center Toronto Hotel, on November 7 and 8, 2023.

Key Points: 
  • Toronto, Ontario--(Newsfile Corp. - November 2, 2023) - Red Cloud Financial Services Inc. in partnership with Red Cloud Securities (together, "Red Cloud" or the "Company") is hosting its annual Fall Mining Showcase in-person at the Sheraton Center Toronto Hotel, on November 7 and 8, 2023.
  • Red Cloud is excited to announce the official schedule including 5 keynote speakers, and over 80 presenting resource companies globally across more than 10 commodities of interest.
  • The event is one of two marquee Red Cloud conferences designed to connect resource focused investors with mining companies.
  • With three dedicated group presentation tracks running simultaneously over two days, attending investment advisors, accredited investors, corporate development teams and institutional fund managers can sit in on group presentations or schedule private one-on-one meetings with companies of interest.

E Source commits to helping utilities address energy affordability and equity challenges for vulnerable customers

Retrieved on: 
Monday, October 30, 2023
Research, EST, Data science, Interest, Database, Transport, Benchmarking, Ideation, Information economy, Public utility, Renewable energy

BOULDER, Colo., Oct. 30, 2023 /PRNewswire/ -- E Source is pleased to announce the launch of its Affordability and Equity practice. This new and unique offering merges best-in-class research and advisory capabilities with extensive, hands-on expertise. It also marshals the collective resources of the company, including breakthrough data science and implementation services, to help utilities navigate complex affordability and equity challenges and better serve vulnerable customers and communities.

Key Points: 
  • It also marshals the collective resources of the company, including breakthrough data science and implementation services, to help utilities navigate complex affordability and equity challenges and better serve vulnerable customers and communities.
  • The practice builds on the affordability and equity services the company currently offers through the E Source Low Income Energy Issues Forum, which seeks to close the widening gap between what utilities charge and what vulnerable energy consumers can pay, and the E Source Equity in a Clean Energy Economy collaborative, which ensures an equitable clean energy transition for at-risk customers and communities.
  • Energy affordability and equity challenges are not new.
  • E Source is hosting a free webinar on November 7, 2023, from 2:00 to 3:00 p.m. EST, Fostering energy affordability and equity in the utility space , to discuss energy affordability and equity challenges and to share strategies for better serving vulnerable customers and communities.

Kenya's cost of living crisis: expert unpacks what's driving it and what should be done

Retrieved on: 
Tuesday, October 17, 2023
Well, Food, Climate, Kenya National Bureau of Statistics, Climate change, Clothing, Income, Depreciation, Private sector, Government, Vegetable, Communication, Information economy, Statistics, Insurance, Season, Adoption, Electricity, Population, Health, Education, Poverty, Sanitation, Growth, Policy, Flour, Kenya Economic Stimulus Program, Housing, Water, Agriculture, Cryptocurrency, Video game, Renewable energy

Kenyans are grappling with the high cost of living. Policy analyst Adan Shibia led a technical team that prepared a recent report on the state of Kenya’s economy. We asked him to unpack what’s driving costs, who’s affected and what can be done about it.What is the cost of living crisis in Kenya and how bad is it?Real earnings growth declined by an average of 2.7% between 2020 and 2022.

Key Points: 


Kenyans are grappling with the high cost of living. Policy analyst Adan Shibia led a technical team that prepared a recent report on the state of Kenya’s economy. We asked him to unpack what’s driving costs, who’s affected and what can be done about it.

What is the cost of living crisis in Kenya and how bad is it?

    • Real earnings growth declined by an average of 2.7% between 2020 and 2022.
    • Since 2022 Kenya has been experiencing high inflation.
    • Inflation is a measure of the rise in prices of a “basket” of goods selected by the Kenya National Bureau of Statistics.
    • These on average account for 42.56% of the consumption basket for all households in Kenya.
    • The triggers for this inflationary pressure were prolonged drought in 2022 and the Russia-Ukraine war, which disrupted global supply chains of food, energy and fertiliser.

Who is being affected the most?

    • The analysis in the Kenya Economic Report 2023 shows that prices of cereals, legumes, tubers, fruits and vegetables all increased substantially.
    • Low-income earners are also affected through prices of other commodities in the consumer basket.
    • The second group of people affected most are minimum wage earners.
    • They are also more likely to be affected by climate related shocks that disrupt food supply and livelihood sources.

What’s driving the rising cost of living?

    • In the domestic market, prolonged drought in 2022 was the main trigger.
    • While Kenya is a net exporter of unprocessed food items, it is a net importer of processed food products.
    • Within the global context, the Russia-Ukraine war disrupted supply of cereals (especially wheat), edible oils, energy and fertilisers.

What policy priorities could help?

    • A policy and legal framework that defines rules of interaction among market participants is also useful.
    • Strengthening the role of markets is vital because government has limited resources to subsidise basics like fuel, electricity and maize flour.
    • With stronger markets, private sector players would also be more efficient in production and distribution of products.
    • Kenyan households spend 9.65% of their income on transport and the transport sector consumes 75% of imported petroleum products.
    • Well-targeted social protection interventions are essential as policies are implemented towards market-enabled solutions for effective interactions of demand and supply.

Citi GPS: AFRICA – A New Growth Model Premised on Favorable Demographics, Technological Developments, and a Changing World Economy

Retrieved on: 
Monday, October 9, 2023
Banking, Professional Services, Environmental, Social and Governance (ESG), Finance, Health, COVID-19, Private sector, Information economy, Safety, Education, Growth, Policy, Politics, IMF, Fiscal, RMIT Global Cities Research Institute, Pharmaceutical industry, Citigroup

Citi has published its latest Global Perspectives & Solutions (Citi GPS) report titled: AFRICA -- A New Growth Model .

Key Points: 
  • Citi has published its latest Global Perspectives & Solutions (Citi GPS) report titled: AFRICA -- A New Growth Model .
  • Not only has growth held up remarkably well, but there has been no wider spreading of defaults either.
  • “For a ’New Growth Model‘ to emerge, however, African governments, and the private sector are going to have to work together to take advantage of the continent’s favorable demographics, technological developments, and a changing world economy” says David.
  • There is an argument that politics could yet undermine such a ’New Growth Model‘ playing out.