Author: bigboss
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Boeing’s Head of Sustainability Predicts Unlikely Decrease in SAF Prices
– Boeing plans to purchase and use sustainable aviation fuels (SAFs) despite the green premium to signal demand to the market – SAFs are unlikely to reach price parity with traditional jet fuel, raising concerns about emission reduction effectiveness in the aviation industry – The Biden administration is expected to release a preliminary climate model…
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University of Denver partners with Pivot Energy to develop 23 MW of solar power
1. Pivot Energy and the University of Denver are partnering on campus and off-site solar projects totaling over 23 MWDC. 2. DU aims to offset total campus electricity consumption with clean solar power to reach carbon neutrality by 2030. 3. The projects will include on-site solar systems and off-site net metering projects in various counties,…
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Video: The Potential $3B Value of Perplexity AI
– Perplexity AI raised $62.7 million in funding, but may soon raise up to $250 million at a higher valuation – The company’s quick revenue growth, reaching around $20 million in annual recurring revenue, justifies its high valuation – The hype around Perplexity reflects the potential for startups to attract significant venture investment and compete…
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7 Percent Increase in Menu Prices Due to California’s Minimum Wage Increase
1. Chipotle experienced a 20% increase in wages for its restaurant staff in California due to the new $20 minimum wage law. 2. In order to offset the increased cost, Chipotle raised menu prices by about 6% to 7% for customers in California. 3. Chipotle believes that they are offering a great value to customers…
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McCrary Institute and ORNL Establish First Regional Cybersecurity Center in the U.S. to Safeguard Grid
– Auburn University and Oak Ridge National Laboratory partnering to establish Southeast Region Cybersecurity Collaboration Center (SERC3) – SERC3 focused on research, operations, and workforce development to protect the power grid from cyber threats – Growing landscape of insidious cyber threats facing the U.S. energy sector, with a need for public-private collaboration and R&D initiatives…
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Eric Schmidt-backed startup Augment, a competitor to GitHub Copilot, emerges from stealth mode with $252 million in funding
1. AI tools are being used by 44% of software engineers now, with 26% planning to use them soon. 2. Ex-Microsoft software developer Igor Ostrovsky created the AI-powered coding platform Augment to improve software quality and team productivity. 3. Augment, with $252 million in funding, aims to disrupt the market for generative AI coding technologies…
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New York introduces 42.5MW of Battery Energy Storage Systems as direct replacement for natural gas
1. Governor Kathy Hochul announced construction of a 12MW solar carport and 7.5MW BESS unit at JFK airport by Port Authority and NY Power Authority. 2. New York state targets 6GW of energy storage by 2030 through grid-scale projects and smaller commercial, industrial, and residential projects. 3. NYCIDA approves 5-15MW projects on Staten Island, including…
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New Release: Meta Llama 3 Now Accessible on Google Cloud Vertex AI Today
– Tuning Llama 3 with your own data can create a customized and powerful model for specific business needs – Vertex AI provides state-of-the-art tuning options, evaluation tools, and hardware/software for efficient tuning and serving – Model Garden offers a wide range of first-party, third-party, and open models for enterprise developers to discover, tune, and…
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Hitachi Energy increases global transformer capacity by investing over $1.5 billion
1. Hitachi Energy is investing over $1.5 billion to expand its global transformer manufacturing capacity. 2. The investments will increase capacity at facilities in Europe, the Americas, and Asia by 2027. 3. Hitachi Energy is building a new transformer factory in Finland and expanding existing facilities in the US, Germany, China, Vietnam, and Australia to…
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Halfway Point Reached in Installation of Yellow River Wind Farm Turbines
– Yellow River wind farm in County Offaly reached halfway point in turbine installation – 15th Nordex N117/3600 turbine out of 29 installed – Project expected to deliver 101 MW of renewable energy, power 67,000 homes, and offset 66,000 tpy of carbon Yellow River wind farm in County Offaly has reached a major milestone with…