Energy news and trends

Ostrom Raises $5M to Go Green
International // January 11, 2022

The German energy supplier Ostrom is going green. The Berlin-based company has raised 4.4 million euros ($5 million) to finance its goal of making the transformation to green energy easy and affordable, Ostrom announced on Monday (Jan. 10). This latest funding round was led by...

US Power Grid Eyed As Latest Front In Cyberspace War
Security & Fraud // May 04, 2020

In an age of what might be termed escalating geo-tensions, cyber is emerging as a new front of (possible) conflict. To that end, President Donald Trump signed an executive order last week that declared a national emergency, tied to threats that may be lobbed at...

PE Firms Look For Investments Among Hard-hit Travel Sectors
Coronavirus // March 25, 2020

Despite the massive upheavals in the world economy and droves of people laid off, private equity companies are looking to swoop in and invest in companies for low prices, according to a CNBC report. Those companies, like Blackstone, Carlyle and KKR, are in possession of...

Wells Axes 200+ Staffers From US Lending Units
Personnel // October 27, 2019

Sources have revealed that Wells Fargo has laid off more than 200 bankers in its U.S. lending division in recent months, with a focus on its agriculture and energy teams, Reuters reported. The company’s agricultural lending division, which gives loans to farmers, was cut by...

Interviews & Exclusives
Trending: How Energy Efficient LLMs Could Boost GenAI Use in eCommerce

June 26, 2024
UC Santa Cruz researchers have devised a method to significantly reduce the energy costs of running large language models. It’s a development that could significantly impact the use of artificial intelligence (AI) in eCommerce. By slashing power consumption, their approach may make advanced AI capabilities more accessible and affordable for businesses of all sizes. “We […]

How Spending Cards Lighten Solar Installation’s Financial Burden

September 20, 2019
  The U.S. construction market is on track to reach $1.8 trillion by 2023. In order for construction firms, contractors and subcontractors to succeed in this market, projects must be...

Quick Reads
Ostrom Raises $5M to Go Green

January 11, 2022
The German energy supplier Ostrom is going green. The Berlin-based company has raised 4.4 million euros ($5 million) to finance its goal of making the transformation to green energy easy and affordable, Ostrom announced on Monday (Jan. 10). This latest funding round was led by 468 Capital, J12 Ventures, Global Founders Capital and Übermorgen Ventures. […]

PE Firms Look For Investments Among Hard-hit Travel Sectors

March 25, 2020
Despite the massive upheavals in the world economy and droves of people laid off, private equity companies are looking to swoop in and invest in companies for low prices, according...

Wells Axes 200+ Staffers From US Lending Units

October 27, 2019
Sources have revealed that Wells Fargo has laid off more than 200 bankers in its U.S. lending division in recent months, with a focus on its agriculture and energy teams,...

Bitcoin Daily: Anchorage Crypto Startup Sets Up Shop In Sioux Falls; Crypto Scam Steals $900K...

July 21, 2019
Senator Mike Rounds made an announcement at a Senate Banking Committee hearing regarding Facebook’s planned cryptocurrency on Tuesday (July 16), but it wasn’t related to Libra. “Before I begin my...