THE DAILY ROUNDUP – Wednesday

Reading Time: 3 minutes

Hi! Here is your daily dose of useful links and articles related to renewable energy and technology. Enjoy!


Wells Fargo: Artificial intelligence and machine learning a ‘double-edged sword’

Although a bank’s business has basically stayed the same over the last couple of decades, how a bank operates has drastically shifted. The fundamental pillars of a bank, according to Mike Telang, executive vice president and head of enterprise architecture at Wells Fargo, now focus on mostly security, regulation, and innovation. When it comes to technology…

It’s a bit of a double-edged sword for a bank where you can’t go all in and you can’t throw all use cases at it, especially the ones that are impactful for customers.

Mike Telang, Wells Fargo

China sets sight on leapfrogging US and Japan in fuel-cell vehicles with subsidies for buyers and incentives for charging stations

China’s government has set its sight on fuel-cell vehicles as the next growth engine in the world’s largest automobile market, as it aims to catch up with the United States and Japan in cutting emissions and taking the next giant leap in technology. Buyers in 17 Chinese provinces will get subsidies of between 128,000 yuan and 160,000 yuan (US$22,000) per fuel-cell…

When you think about a bus – do you want it to carry more batteries or passengers?

Alfred Wong, Ballard Power Systems

Hydrogen Truck Startup Nikola’s Valuation Jumps To $3 Billion With Investment From CNH Industrial

Nikola Motor, an Arizona startup that wants to shake up the trucking world with zero-emission hydrogen and battery-powered semis, is making progress toward a $1 billion fundraising goal to get its technology on the road as CNH Industrial committed to a quarter of that amount. CNH, a European maker of heavy-duty work vehicles, is investing $250 million…

The time has come to finally provide a zero-emission solution to the heavy-duty truck market.

Trevor Milton, Nikola’s founder and CEO

Trade finance and blockchain: now is the time for a network of networks

A lack of regulation and standardization creates opportunities for businesses that can create a one-stop-shop for all blockchain trade finance needs. So who is doing it? What if corporates could go to just one place to access all trade finance blockchain services, to pick the best one for their needs, at the best price? What if you could create a sort of Compare the…

We saw very early on that there probably can’t be a single blockchain or cloud solution because … banks probably don’t want to work together.

Jonathan Levi, Hacera

Green energy use to rise but coal to remain necessary

Fossil fuel-based power generation is going to fade as expected amid steep dives in the cost of renewable energy technology, but coal—along with gas—will remain necessary for decades to come, according to the latest annual forecast of BloombergNEF. The research firm—which has regional offices in New York, London and Tokyo—discussed this in a forum held yesterday at…

While new renewables beat coal on a new-build basis, existing coal is relatively new and cheap to run.

Caroline Chua, BloombergNEF

Renewable energy takes center stage at POWERGEN ASIA and Asian Utility Week

In a region of the world where coal is still king, there is room for renewables. This was a takeaway from the Ministerial Address and Joint Opening Keynote at POWERGEN Asia and Asian Utility Week. The two annual events kicked off Tuesday, Sept. 3, in Kuala Lumpur, Malaysia. Shantanu Jaiswal of Bloomberg NEF set the stage for the Keynote, which…

I believe energy is an enabler of a better economy. It is an enabler of a better life for people now and in generations to come.

Yeo Bee Yin, Malaysia’s Minister of Energy

Don’t forget to check out some of the other roundups, or visit our front page for more articles and interviews. Feel free to leave a comment or continue the discussion on our Facebook and Twitter pages. See you around and stay tuned!

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.