South Australia Reaffirms Its Love for Tesla Big Batteries

South Australia has reaffirmed its love for big Tesla battery projects with an AUD $5 million (USD $3.7 million) grant for a 25-megawatt, 52-megawatt-hour plant.


The funding, which is being matched by an equal amount from the Australian Renewable Energy Agency (ARENA), will go towards the AUD $38 million (USD $28 million) cost of developing a Tesla Powerpack-based energy storage system for Infigen Energy.


The system will be built next to a 278.5-megawatt wind farm at Lake Bonney and connected to Australia&rsquo;s National Electricity Market via a substation owned by ElectraNet, Infigen said in <a href="https://www.infigenenergy.com/investors/asxreleases/infigen-invests-in-battery-energy-storage-system/" >a press release</a>. Construction is due to start in the coming weeks, the company said.


Infigen CEO Ross Rolfe, said that the battery plant would help his company expand its supply contracts from the Lake Bonney wind farm to additional commercial and industrial customers in South Australia.&nbsp;


The plant will allow Infigen &ldquo;to <div class="post-limited-image"><img src="http://feeds.feedburner.com/~ff/GreentechMedia?d=yIl2AUoC8zA" border="0"></div>
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Chinese Wind Firm Envision to Purchase Nissan’s Battery Manufacturing Business

Nissan Motor Co. is selling off its battery manufacturing business to Chinese wind turbine giant Envision Group.&#8232;


The acquisition includes Nissan subsidiary Automotive Energy Supply Corporation (AESC) and battery manufacturing operations in Smyrna, Tennessee, owned by Nissan North America, as well as operations in Sunderland, England, owned by Nissan Motor Manufacturing.


Envision will also purchase Nissan&rsquo;s Japanese battery development and production engineering operations located in Oppama, Atsugi and Zama.


&ldquo;The transaction will enable Nissan to concentrate on developing&nbsp;and producing market-leading electric vehicles,&rdquo; said&nbsp;Yasuhiro Yamauchi, Nissan&rsquo;s Chief Competitive Officer, in a statement.&nbsp;


The move falls&nbsp;in line with the Japanese automaker&rsquo;s midterm plan &ldquo;<a href="https://newsroom.nissan-global.com/releases/release-487297034c80023008bd9722aa05f858-180323-01-e" >Nissan M.O.V.E. to 2022</a>,&rdquo; which includes a goal to sell 1 million electrified vehicles and an aim to increase annualized revenues by 30 percent.


NEC Corporation and its wholly owned electrode development and production subsidiary, NEC Energy Devices, hold a 49 percent <div class="post-limited-image"><img src="http://feeds.feedburner.com/~ff/GreentechMedia?d=yIl2AUoC8zA" border="0"></div>
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More Thoughts on Lanier’s Ten Arguments for Deleting Your Social Media Accounts Right Now

A few weeks ago I read Jaron Lanier’s Ten Arguments for Deleting Your Social Media Accounts Right Now. It helped consolidate some thinking on my part and I sent a few copies out to friends who I knew would have thoughtful and interesting responses. One that came back is very worth reading as it has a healthy critique as well as some personal reflections. The note from my friend after reading Lanier’s book follows. He makes a reasonable case (obviously with a lot of room to dispute individual points) that social media is “bad” in general and a source of concern. Some of it is old hat but the way he puts it together is certainly helpful. It seems like it would be good if a lot of people read it. I had two major concerns with it structurally. First, he positions the book as making arguments as to why *the
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Relentlessly Turning Input Knobs To 0

I’ve got a lot on my plate. I always do. Presumably, I like it this way because I’d change things if I didn’t. And yes, that’s continuous fodder for conversations with my therapist and with Amy. I have always tried to ignore the macro, especially short-term dynamics, in the context of my work. I collect a lot of data and like to be well informed. I get this data from lots of different inputs. I regularly play around with the volume on the inputs as well as try different inputs. One of my key inputs is reading books. I read 50 to 100 books a year (the number seems to be steadily increasing as I get older.) It’s a great joy of mine to sit and read, especially stuff friends recommend to me. I read across all categories and am game to try anything. And I’m willing to quit
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Revisiting ‘Energy Independence’ in Trump’s America

The politics of energy independence are both deeply bipartisan and deeply partisan.


Every president since Richard Nixon has declared a goal of eliminating America&rsquo;s dependence on foreign sources of energy. But each president approaches independence from a very different political lens. Jimmy Carter was the first to make renewable energy a centerpiece. Ronald Reagan dismantled that strategy and instead focused on lifting price controls on oil and gas.


Later, George W. Bush focused on domestic oil production, but also put in place some foundational policies to support domestic renewables. Barack Obama, of course, put renewables front and center.


Today, we have Donald Trump, who has made coal-powered "energy dominance" the centerpiece of his energy policy. But what does that mean exactly?


And after nearly 50 years of talk about energy independence, how are we doing?


Joining us this week on <em>The Interchange</em> is <a href="https://www.csis.org/people/sarah-ladislaw" >Sarah Ladislaw</a>, a senior vice president <div class="post-limited-image"><img src="http://feeds.feedburner.com/~ff/GreentechMedia?d=yIl2AUoC8zA" border="0"></div>
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NewStar to buy Fifth Street CLO Management

NewStar Financial Inc has agreed to acquire Fifth Street’s middle market CLO management business. The price of the acquisition is about $16 million. The deal is expected to close in the third quarter of 2017. GreensLedge Capital Markets LLC advised NewStar on the transaction. PRESS RELEASE BOSTON, July 07, 2017 (GLOBE NEWSWIRE) — NewStar Financial, Inc. (Nasdaq:NEWS) (“NewStar” or the “Company”) announced today that it has agreed to acquire Fifth Street CLO Management LLC (“FSCM”), a wholly-owned subsidiary of Fifth Street Holdings L.P., an affiliate of Fifth Street Asset Management, Inc. (“Fifth Street” or “FSAM”) (NASDAQ:FSAM), a publicly-traded credit-focused asset management firm based in Greenwich, Connecticut. The estimated purchase price is approximately $16 million, net of $13 million of assumed indebtedness and will be subject to adjustment up or down based on certain working capital items as of the closing of the transaction. The acquisition will add
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NewStar to buy Fifth Street CLO Management

NewStar Financial Inc has agreed to acquire Fifth Street’s middle market CLO management business. The price of the acquisition is about $16 million. The deal is expected to close in the third quarter of 2017. GreensLedge Capital Markets LLC advised NewStar on the transaction. PRESS RELEASE BOSTON, July 07, 2017 (GLOBE NEWSWIRE) — NewStar Financial, Inc. (Nasdaq:NEWS) (“NewStar” or the “Company”) announced today that it has agreed to acquire Fifth Street CLO Management LLC (“FSCM”), a wholly-owned subsidiary of Fifth Street Holdings L.P., an affiliate of Fifth Street Asset Management, Inc. (“Fifth Street” or “FSAM”) (NASDAQ:FSAM), a publicly-traded credit-focused asset management firm based in Greenwich, Connecticut. The estimated purchase price is approximately $16 million, net of $13 million of assumed indebtedness and will be subject to adjustment up or down based on certain working capital items as of the closing of the transaction. The acquisition will add
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Building Better Algorithms Requires Human Judgment (and Values)

At the end of last week Facebook announced that it would stop having humans write summaries of trending news stories. This follows previous allegations that the selection of trending stories had been changed to remove conservative ones. This is a good time to revisit some foundational questions about the spread of information in a digital world. First, it is too easy for information cascades to occur. It takes much less effort to like, share, retweet than it does to read, think and possibly even verify. In the language of Daniel Kahneman’s Thinking Fast and Slow, the internet is geared towards, which is based on the emotional and instinctive systems in our brain. Any naive un-weighted algorithm for selecting trending topics will always amplify this problem. What could be done? An algorithm could over time determine who seems to be more prone to fact checking and thinking and could weight Continue reading "Building Better Algorithms Requires Human Judgment (and Values)"

SoftTech VC Closes $150M Across Two New Funds

Early in January 2016, I was thrilled to announce Stephanie Palmeri and Andy McLoughlin becoming Partners! At that time, we filed SEC Form Ds disclosing the creation of two new funds – SoftTech VC V and SoftTech Plus. We’re delighted to announce that both funds have closed at their hard cap, respectively $100M and $50M –  great news as we celebrate our 12-year anniversary. Most importantly, we are beyond excited by the myriad of new, radical innovations we see coming from early stage entrepreneurs and the opportunity we have to help them realize their vision with our active support and capital. To share a bit of background: we invest our funds on a 3-year investment cycle and will be wrapping up Fund IV (that held a final close a couple of years ago) as planned sometime in Q316. Why raise a fund when we had plenty of dry powder in
SoftTech VC Fund V Sectors
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How Much Solar PV Did the US Install in Q2 2015?

Welcome to week three of GTM&#39;s Energy News Quiz. I&#39;m your host, <strike>Pat Sajak</strike> Mike Munsell.


Take the quiz below. If any questions leave you puzzled, we&#39;ve provided explainer links at the bottom.


<iframe frameborder="0" height="458" scrolling="no" src="http://renderer.qmerce.com/interaction/55f1e69fcfb503701d247f23" width="582"></iframe>


How&#39;d you do? Share this with colleagues and see if they can beat your score. Feel free to brag (or shame yourself) in the comments section.

***SPOILERS BELOW***

1. <a href="http://www.greentechmedia.com/articles/read/installing-1393-mw-of-pv-in-q2-2015-us-solar-market-surpasses-20-gw">According to the U.S. Solar Market Insight report, how much PV did the U.S. install in Q2 2015?</a>


2.&nbsp;<a href="http://www.greentechmedia.com/articles/read/Coal-Heavy-Texas-Merchant-Generator-Signs-PPA-With-SunEdison">Luminant has signed a PPA to buy 116 megawatts of solar from SunEdison in this U.S. state.</a>


3. <a href="http://fuelfix.com/blog/2015/09/08/energy-job-cuts-approaching-200000-worldwide/#33909101=0">According to a recent report, how many jobs have been cut across the global oil industry?</a>


4. <a href="http://www.greentechmedia.com/articles/read/Flextronics-Buys-NEXTracker-For-330-Million">Which firm just acquired NEXTracker for $330 million?</a>


5. <a href="http://www.greentechmedia.com/articles/read/IRS-Guidance-Finds-Individual-Community-Solar-Investor-Qualifies-for-the-Fe">Who did the IRS just rule eligible for the federal Income Tax Credit?</a>


6. <a href="http://www.greentechmedia.com/articles/read/Brazil-Announces-the-Winners-of-Its-833-MW-Solar-Auction">Which company "won" Brazil&#39;s latest solar auction, <div class="post-limited-image"><img src="http://feeds.feedburner.com/~ff/GreentechMedia?d=yIl2AUoC8zA" border="0"></div>
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