The Anonymous Widower

ARM: Can ‘Crown Jewel’ Of UK Technology Be Protected?

The title of this post, is the same as that of this article on the BBC.

These are the introductory paragraphs.

The UK government is “looking at options” to protect and ensure future investment in Cambridge-based ARM Holdings, which is being bought by US tech giant Nvidia from Japan’s Softbank.

This is a much more relaxed attitude than the government took when Softbank bought the world-leading chip designer in July 2016. At that time, Softbank announced it had agreed to legally binding commitments to increase investment, headcount and preserve its headquarters in the UK.

It is not too late for the government to impose conditions, but conversations on whether to impose them or what they might be have not even started.

Some of the original founders of ARM Holdings, would appear to be not very happy.

I have followed the company for a number of years, as I was in the same class at Liverpool University with Robin Saxby, who was ARM’s first CEO.

At great surprise to myself, I made a nice sum of money by investing in the shares at the right time.

I am less unhappy, as I think two opposite outcomes would be good for the UK.

  • It all goes pear-shaped and large numbers of talented engineers in Cambridge create several children of ARM.
  • Nvidia decides that the ARM model and location is better and moves the headquarters of the group to the UK. Trump and his policies could make this likely, by picking fights with countries where Nvidia and ARM have large markets.

It will be interesting to see what happens.

 

September 14, 2020 Posted by | Business, Computing, Finance | , , , , | Leave a comment

$15mn Solar Plant Funded By UAE’s ADFD Gets Capacity Boost To 15MW

The title of this post, is the same as that of this article on Utilities Middle East.

This is the sub-title.

Financing part of the Fund’s commitment of $350 million to support renewable energy uptake in developing countries.

I have read the whole article and it puzzles me. There is no mention, as to what Abu Dhabi gets in return.

September 6, 2020 Posted by | Energy, Finance | , , | Leave a comment

Trains Are The New Age Planes

The title of this post, is the same as that of this article on Seeking Alpha.

It is an article well worth a read about the future development of railways in the United States.

August 19, 2020 Posted by | Business, Finance, Transport | , , , , | Leave a comment

Financing For 135 Hybrid Trainsets Agreed

The title of this post, is the same as this article on Railway Gazette International.

This is the introductory paragraph.

The European Investment Bank agreed a €450m financing package on July 23 which will support Trenitalia’s plans to order 135 electric-diesel-battery hybrid regional multiple-units at total cost of €960m.

The trains are from Hitachi’s Caravaggio family and will be built in their Italian plant at Pistoia. Their operation is described in this sentence.

They will use conventional overhead electrification where available, with ‘cutting-edge’ engines for operation onto non-electrified routes as well as batteries to eliminate emissions for the ‘last mile’ and in urban areas.

That sounds extremely sophisticated to me.

Is The Powertrain Technology Transferrable To The UK?

I have republished this post with a link to the original article, as it occurs to me, that Avanti West Coast, East Midlands Railway, Great Western Railway. LNER and other train operating companies could be in need of a train with a sophisticated Diesel/Electric/Battery Hybrid powertrain.

So will Hitachi be using a powertrain like this in the UK?

 

July 27, 2020 Posted by | Finance, Transport | , , , | 2 Comments

61GW Renewables And Storage Pipeline Could Bring In £125bn To Economy

I did think about calling this post something like.

  • Do You Like Large Numbers?
  • My Calculator Just Blew Up!
  • I Don’t Believe It!
  • No Wonder Rishi Sunak Has A Smile On His Face!

But I’ll use my normal introduction for this type of post!

The title of this post, is the same as that on this article of Current News.

This is the introductory paragraph.

The UK currently has a pipeline of 61GW of renewables and storage that if developed could bring in £125 billion to the UK economy.

The article also says that this pipeline could provide 200,000 jobs.

So where will this massive 61 GW of electricity come from?

  • Off-shore Wind – 31.7 GW
  • On-shore Wind – 11.9 GW
  • Solar PV – 8.6 GW
  • Storage – 8.5 GW

Where is the Nuclear Option?

iThe article also says that 18 GW of these projects are Shovel-Ready.

The figures come from UK trade association; Regen, whose Chief |Executive is the appropriately named; Merlin Hyman.

The page on the Regen web site, which is entitled Unlock Renewables For A Green Recovery,  is the original document on which the Current News article is based.

Regen want three things from the Government, in return for creating all this renewable electricity capacity.

  1. Publish an Energy White Paper putting the UK on course for a flexible power system based on renewables and storage.
    Commit to annual Contracts for Difference auctions to give investors confidence.
    End the anti onshore wind policies in the English planning regime.

Some will not like the third condition.

I must go now, as I must go down the Chinese-owned Lucky Electronics Shop on Dalston Kingsland High Street to get a calculator with more digits to replace the one that blew up!

July 10, 2020 Posted by | Energy, Energy Storage, Finance | , , , | Leave a comment

Financing Secured To ‘Enable Rapid Development’ Of Norway’s First Lithium Battery Cell Gigafactory

The title of this post, is the same as that of this article on Energy Storage News.

The article says that the gigafactory’s biggest competitor will be in Sweden.

With companies in the UK, like Hyperdrive Innovation, Gore Street Energy Fund and others developing massive demand for batteries, perhaps we should build our own gigafactory?

This article on Energy Storage News is entitled More Money For Lithium Exploration In Cornwall.

This is the introductory paragraph.

Cornish Lithium has successfully raised over £826,000 from shareholders to continue exploration for lithium in Cornwall, in both geothermal waters and in hard rock, and will build on the successful drilling programmes that concluded earlier this year.

I wrote about Cornish Lithium in How To Go Mining In A Museum.

Could an unusual tale becoming to a successful conclusion?

Conclusion

I think we can trust the Cornish, Norwegians and Swedes to ensure, we have enough lithium-ion batteries.

July 9, 2020 Posted by | Energy Storage, Finance | , , , | Leave a comment

Natron Energy, Developer Of Sodium-Ion Batteries, Raises $35M As Investment In Storage Surges

The title of this post, is the same as that of this article on pv Magazine.

This is the introductory paragraph.

The startup is building a battery using Prussian blue analogue electrodes and a sodium-ion electrolyte. Investors include ABB Technology Ventures, NanoDimension Capital, Volta Energy Technologies, Chevron, Khosla Ventures, and Prelude Ventures.

But what are Prussian Blue analogue electrodes?

Looking up Prussian Blue, it is more than just an colour used by artists, with some interesting chemistry.

Natron Energy have this mission statement on their web site.

Natron Energy (formerly Alveo Energy) is an energy storage company that is developing a new high power, long cycle life, low-cost battery technology for industrial applications. Natron’s batteries offer higher power density, faster recharge, and longer cycle life than incumbent technologies. They can be economically produced from commodity materials on existing cell manufacturing lines. Natron is backed by leading venture capital investors and has received support from ARPA-E.

Digging further, the company appears to be a spin-off from Stanford University.

Conclusion

It does appear, that if you have a feasible idea in energy storage, that you can get backing from names that people have heard of.

 

 

 

July 9, 2020 Posted by | Energy Storage, Finance | | Leave a comment

Japan A ‘Very Interesting Market’ For Gore Street As It Becomes An ‘Enabler’ Of JXTG’s Transition

The title of this post, is the same as that of this article on the Solar Power Portal.

This is the introductory paragraph.

London Stock Exchange-listed energy storage fund Gore Street has outlined how it sees Japan as a “very interesting market” following its investment from JXTG Nippon Oil & Energy Corporation.

I like Gore Street’s philosophy and its execution.

I am not an investor and probably never will be, but they seem to be based on sound principles and do their modelling well. I’ve built enough large financial models to know a good one from its results.

Gore Street is normally investing in lithium-ion batteries.

  • These batteries now have a predictable reliability profile and I suspect cash-flow from owning a battery is fairly predictable.
  • The control and monitoring software will get better as time goes by and these batteries will probably update themselves automatically.
  • They probably aren’t that affected by COVID-19, as lockdown still needs energy to be balanced and these batteries are probably performing as normal.
  • The heat of the last few weeks probably caused more grief than COVID-19.
  • If a site visit is necessary, they can probably be done with one man in a van with a key to the security system. So maintenance is probably easy to do, whilst maintaining social distance.

I also liked this paragraph from the article.

, Gore Street Capital CEO, Alex O’Cinneide, said that the fact that the deregulation of the Japanese market over the next few years makes it of interest to the company, alongside it having the same characteristics of the UK in terms of the decommissioning of coal, nuclear and gas and increasing levels of renewables.

Could Gore Street Energy Fund, be a safe investment for today’s difficult times?

 

July 2, 2020 Posted by | Energy, Energy Storage, Finance, Health | , , , | Leave a comment

How Leeds Bradford Airport Can Be Catalyst For Green Aviation

The title of this post, is the same as that of this article on the Yorkshire Post.

The article was written by a geography student from Yorkshire, who is studying at Cambridge University.

He makes some interesting points.

  • Leeds Airport is not a good customer experience.
  • Manchester Airport will take passengers away from Leeds.
  • Leeds is the biggest financial centre in the UK outside London.
  • Leeds Airport should be improved to the highest environmental standards.
  • Aviation biofuels should be provided.
  • Short haul flights should be replaced by a train journey if possible.
  • By 2030, a lot of short haul flights will be replaced by electric aircraft.

I agree with a lot of what he says.

There will still be a need to fly and we must make it as environmentally-friendly as possible.

If we don’t find ways of making flying carbon-neutral, we’ll hurt the economy.

 

 

June 28, 2020 Posted by | Finance, Transport, World | , , , , | Leave a comment

Proposed Merger Will Make Zinc Battery Developer Eos Energy A Public Company

The title of this post, is the same as that of this article on pv magazine.

This is the introductory paragraph.

EOS has executed a letter of intent for a merger with a SPAC — which would result in EOS becoming a publicly listed company. Investors seem fascinated by energy storage this year, the long-duration variety in particular.

The two companies are described like this.

EOS Energy Storage

EOS Energy Storage is a private zinc battery developer with the chance to go public via a merger with a special purpose acquisition company.

The company has a comprehensive web site.

Riley Principal Merger Corp II

B. Riley Principal Merger Corp II (BMRG), a special purpose acquisition company listed on the New York Stock Exchange, and Eos have executed a letter of intent for a merger which would result in Eos becoming a publicly listed company.

The article, then states that energy storage is the big thing with investors this year.

The article makes some interesting points and anybody thinking about investing in these technology stocks should read it.

Conclusion

With this activity around EOS, it could be they are a company to watch, but we’ve had share bubbles before.

June 27, 2020 Posted by | Energy Storage, Finance | | Leave a comment