Escalating trade frictions between the U.S. and China have a range of businesses and investors in both countries sweating, but some believe there remains a bright spot where the antagonists can find common ground — fighting environmental issues. One of them is the U.S.-China Green Fund, which does exactly as the name suggests — financing […]
View More This $550M fund is bringing green tech from the West to China, despite trade tensionsCategory: Energy Efficiency
Munich Re buys IoT middleware startup, relayr, in deal worth $300M
Berlin based Internet of Things (IoT) startup relayr, whose middleware platform is geared towards helping industrial companies unlock data insights from their existing machinery and production line kit by linking Internet connected sensors and edge devices to platform controls, has been acquired by insurance group Munich Re in a deal which values the company at […]
View More Munich Re buys IoT middleware startup, relayr, in deal worth $300MAir conditioner use will triple by 2050. That’s bad news for a warming planet.
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During sweltering New York City summers, the local power utility warns that for every degree you lower the thermostat, your energy bill goes up by 6 percent.
Air conditioners in every form — from window units to central air — gulp energy. There are some 1.6 billion A.C. units worldwide, accounting for around 10 percent of the world’s electricity consumption. And a new report from the International Energy Agency predicts that over the course of the next 30 years, this number will triple globally, to 5.6 billion buzzing, cooling appliances.
For perspective, the agency says this amounts to “10 new ACs sold every second for the next 30 years.” Read more…
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