Extending the life of electronics by a year equivalent to taking millions of cars off the road

Extending the lifespan of smartphones and other electronics by just one year would slash annual carbon emissions in Europe by the equivalent of taking 2 million cars off the road, a new study reveals. Experts have assessed the climate benefits of making Europe’s smartphones, notebooks, washing machines and vacuum cleaners more durable in support of the circular economy. The study found that extending the lifetime of the EU’s stock of these products by five years would save almost 10 million tonnes of emissions annually by 2030, equivalent to taking 5 million cars off the roads for a year. A one-year extension would result in 4 million tonnes of emissions savings annually.

Extending the life of electronics by a year equivalent to taking millions of cars off the road

Sep 20, 2019

Extending the lifespan of smartphones and other electronics by just one year would slash annual carbon emissions in Europe by the equivalent of taking 2 million cars off the road, a new study reveals. Experts have assessed the climate benefits of making Europe’s smartphones, notebooks, washing machines and vacuum cleaners more durable in support of the circular economy. The study found that extending the lifetime of the EU’s stock of these products by five years would save almost 10 million tonnes of emissions annually by 2030, equivalent to taking 5 million cars off the roads for a year. A one-year extension would result in 4 million tonnes of emissions savings annually.

Solar energy powers potential profits for asset finance companies

Solar power and battery storage systems are becoming more attractive investment opportunities for asset finance companies, according to new research. In the past, uncertain returns made it hard for solar and battery operators to raise debt finance. To remain viable they relied on government subsidies, which have been phased out for solar. However, a new independent study by Aurora Energy Research says that when solar power and battery storage are co-located on the same site, it can unlock additional revenue streams and accelerate deployment.

Solar energy powers potential profits for asset finance companies

Sep 20, 2019

Solar power and battery storage systems are becoming more attractive investment opportunities for asset finance companies, according to new research. In the past, uncertain returns made it hard for solar and battery operators to raise debt finance. To remain viable they relied on government subsidies, which have been phased out for solar. However, a new independent study by Aurora Energy Research says that when solar power and battery storage are co-located on the same site, it can unlock additional revenue streams and accelerate deployment.

Faraday Institution provides £55 million funding to support electrification research

The Faraday Institution is providing £55 million to a number of UK-based projects to boost the performance of batteries used in transport and other sectors. The projects aim to accelerate breakthroughs in energy storage technologies as the UK moves to mass adoption of electric vehicles. The Faraday Institution is the UK’s independent institute for electrochemical energy storage science and technology. It supports research, training, and analysis, working to make the UK the ‘go-to place’ for electrical storage technology research.

Faraday Institution provides £55 million funding to support electrification research

Sep 20, 2019

The Faraday Institution is providing £55 million to a number of UK-based projects to boost the performance of batteries used in transport and other sectors. The projects aim to accelerate breakthroughs in energy storage technologies as the UK moves to mass adoption of electric vehicles. The Faraday Institution is the UK’s independent institute for electrochemical energy storage science and technology. It supports research, training, and analysis, working to make the UK the ‘go-to place’ for electrical storage technology research.

EMEA

Winners of low-carbon vehicle technology competition secure £2.5 million funding

Sep 19, 2019

The winners of the UK Niche Vehicle Network (NVN) competition have been announced, each securing a share of the £2.5 million investment. Supported by a range of institutions including Innovate UK, the Office for Low Emission Vehicles, and the Advanced Propulsion Centre, competitors bid for research funding for their innovative solutions to electrification, autonomy, lightweight materials, and advanced aerodynamics.

Americas

Wheeler Financial supports investment in GPS

Sep 19, 2019

Pitney Bowes subsidiary Wheeler Financial has closed a financing transaction with Ghilotti Bros, so the 105-year-old construction North Californian firm can invest in GPS tracking technology to gain an advantage in its highly-competitive market. Ghilotti Bros is a family-run business on its fourth generation of ownership. It employs more than 275 people and generates annual revenues in excess of $100 million. The firm has delivered, high-profile construction and infrastructure projects across the Bay Area counties, including utilities, bridges, marinas, roads, runways and railways.

Asia Pacific

Identifying growth opportunities in Islamic finance

Feb 08, 2019

Islamic finance is available in 56 countries through 1,389 sharia-compliant companies that have total assets under management (AUM) of $2.4 trillion, according to a 2018 study from Thomson Reuters. In 2017, the market grew 11% and while recent expansion has been slower in core markets, such as the Gulf and south-east Asia, future trends are significantly rosier.