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10 Friday AM Reads

My end of week morning train reads: • This Is the Saturday Night Massacre. It’s Just Happening in Slow Motion. (Slate) • Think You Know Tesla? Test Your Tesla Knowledge With This 30-Question Quiz (Bloomberg) • The order in which we form abstract beliefs is important (Medium) • Don’t Make These 5 Investing Mistakes That General Electric Investors Made (Behavioral… Read More The post 10 Friday AM Reads appeared first on The Big Picture.

H.I.G. sells Constructive Media to Sandbox & Co.

H.I.G. Capital is selling digital education platform Constructive Media, LLC to Sandbox & Co. Financial details of the deal were not disclosed. Digital Capital Advisors Managing Director Elgin Thompson led the transaction. Press Release Digital Capital Advisors, a premier global investment bank dedicated to serving innovative digital media and technology companies through sell-side and buy-side M&A, announces the sale of Constructive Media, LLC (“CM” or the “Company”), a portfolio company of H.I.G. Capital (“H.I.G.”), to Sandbox & Co (“Sandbox”) on behalf of Figjam Group Ltd. The transaction was led by Elgin Thompson, Managing Director at Digital Capital Advisors. Established over 20 years ago, CM is one of the largest digital media platforms at the intersection of education and casual gaming through its properties CoolmathGames.com, Coolmath4Kids.com and Coolmath.com. The Company has curated and developed a large selection of highly entertaining thinking
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Clearlake merges portfolio companies to create rental equipment business Knight Energy Services

Clearlake Capital Group merged its portfolio companies IronGate Energy Services and Knight Oil Tools to create Knight Energy Services, a rental tool company for the North American oil and gas industry. Dwight Gross, former president and CEO of IronGate, will lead the larger company. Press Release Clearlake Capital Group, L.P. (together with its affiliates, “Clearlake”), a leading private investment firm, today announced the formation of Knight Energy Services (“Knight Energy” or the “Company”) through the merger of its portfolio companies IronGate Energy Services and Knight Oil Tools. The newly-formed Knight Energy is one of the largest independent rental tool companies serving the North American oil and gas industry. Knight Energy, headquartered in Houston, Texas, provides a full suite of rental and tubular services, manufacturing packages, drilling jars, inspection, hardbanding, and safety training to onshore and offshore producers in the North American oil and gas industry. Dwight Gross,
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Cannabis Growers Eye Microgrids to Cut Energy Bills

Indoor growers are looking to cut spiraling electricity consumption with custom-built microgrids in U.S. states where cannabis cultivation is legal.


The firms are considering solar, cogeneration and battery systems as a way to cut the cost of energy, which is the second biggest overhead for many growers, said Duncan Campbell, vice president of project development at Scale Microgrid Solutions, which targets the sector.


Legal cannabis cultivation in the U.S. consumes an estimated 1.1 terawatt-hours of electricity a year, according to the <a href="https://newfrontierdata.com/product/2018-cannabis-energy-report/" >2018 Cannabis Energy Report,</a> published by Scale Microgrid Solutions along with New Frontier Data and the Resource Innovation Institute.&nbsp;


That&rsquo;s enough to power the whole of Newark, New Jersey, or Anaheim, California, the report said.&nbsp;


Electricity demand from indoor and greenhouse-based growers is causing a significant uptick in energy use and carbon emissions across states where cannabis has been legalized, said Campbell. Growing facilities <div class="post-limited-image"><img src="http://feeds.feedburner.com/~ff/GreentechMedia?d=yIl2AUoC8zA" border="0"></div>
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Tesla Slashes Residential Solar Pricing by $3,000 to $5,000

Tesla just&nbsp;slashed prices on its residential solar systems by 10 to 20 percent&nbsp;&mdash; or $3,000 to $5,000&nbsp;for the typical home solar roof.<br />
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The average price drop will amount to between 10 and 15 percent &ldquo;depending&nbsp;on the market&rdquo; with drops of &ldquo;more than 20 percent&rdquo; for&nbsp;large system customers.&nbsp;A Tesla&nbsp;spokesperson attributed the price reduction to &ldquo;vertical&nbsp;integration&rdquo; and to shutting down&nbsp;&ldquo;more expensive sales channels.&rdquo;&nbsp;&nbsp;<br />
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Sanjay Shah, Tesla&rsquo; senior&nbsp;vice president of energy operations told <a href="https://www.reuters.com/article/us-tesla-solar/tesla-slashes-prices-on-home-solar-systems-to-spur-sales-idUSKCN1NK2UP" >Reuters</a> the price cuts should make&nbsp;Tesla &ldquo;highly&nbsp;competitive&rdquo; and potentially the country&rsquo;s lowest cost solar installer. Sales and marketing costs&nbsp;have been cut in half, said Shah.<br />
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The&nbsp;&ldquo;soft&rdquo; cost for an installer to acquire a residential customer in the U.S. has&nbsp;actually risen &mdash; increasing from $0.41 per watt in&nbsp;2013 to $0.52 per watt in&nbsp;2016 ($3,668 per customer) even while the cost of every other component&nbsp;in the cost stack has&nbsp;plunged. Customer-acquisition costs are&nbsp;significantly higher for larger solar installers.<br />
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<div class="post-limited-image"><img src="http://feeds.feedburner.com/~ff/GreentechMedia?d=yIl2AUoC8zA" border="0"></div>
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State of the US Renewables Market: Rapid Growth and a ‘Lot of Risk’

The worlds of power markets and renewables are colliding, and nobody seems quite sure what to do about it.

Though still a miniscule fraction of grid power in many places, renewable energy resources have momentum on their side. As they grow, they alter the functioning of the markets in ways that look different from traditional generation.

Wood Mackenzie launched its Power & Renewables Summit last year to unpack these changes, and in the intervening time, the signs of change have grown clearer. Deployment queues in every U.S. region show a dramatic turn toward wind and solar; proving this is not just a groovy California thing any more.

Once built, these resources, which are essentially free to dispatch but cannot be called on command, push down wholesale prices, initiate transmission congestion and create sharp ramping needs for dispatchable power plants.

Ask what power markets and utilities should do

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2009 Land Rover Defender

Last night’s snowy, sloppy mess was a reminder to reference a go-anywhere beast: I may not a truck guy, or a Ute person, or a fan of these big, ungainly low speed monstrosities. Yet I have always had a thing for the Land Rover Defender 90. Maybe its because you cannot buy them in the USA. Perhaps… Read More The post 2009 Land Rover Defender appeared first on The Big Picture.

Moving Average Timing of Stock Fundamental Ratios [PREMIUM]

Can investors time premiums associated with widely used stock/firm fundamental ratios? In their September 2018 paper entitled “It Takes Two to Tango: Fundamental Timing in Stock Market”, Fuwei Jiang, Xinlin Qi, Guohao Tang and Nan Huang use a simple moving average (SMA) trend indicator to time premiums associated with four fundamental stock/firm ratios: book-to-market (BM), earnings-to-price (EP), gross profitability More

Real Time Economics: Taxes, Trade and a Troubled Brexit

This is the web version of the WSJ’s newsletter on the economy. You can sign up for daily delivery here. Inflation indexing is a mighty boring topic of conversation. But here’s something interesting: Congress and the IRS are using it to get you to pay more taxes.  Good morning. Jeff Sparshott here to take you through the day’s top economic news. We also look at who’s winning the U.S.-China trade fight, how to phone in a job interview, Theresa May’s Brexit mess, and the link between marijuana and more babies. Let us know what you think by replying to this email. ‘CAUSE I’M THE TAXMAN Last year’s big tax cut is about to start shrinking. The Internal Revenue Service is implementing a new method for making inflation adjustments that will cost Americans $133.5 billion over a decade. The tax law enacted last year lowered tax rates and Continue reading "Real Time Economics: Taxes, Trade and a Troubled Brexit"