Improving Australia's energy efficiency Australia’s untapped energy efficiency potential has been illustrated in a new report from the International Energy Agency (IEA). The report also highlights the massive potential of energy efficiency to create jobs, cut bills and address climate change — and according to the IEA, Australia can do much more to seize this opportunity. The 10 recommendations, published by national leaders, ministers, top business executives and prominent energy experts that make up the Global Commission for Urgent Action on Energy Efficiency, show how energy efficiency can play a central role in fixing the social and economic damage of the COVID-19 crisis. “A major drive to improve the energy efficiency of homes and businesses could create 120,000 job years of employment in Australia,
Early detection of faulty powerlines proves critical
Early detection of faulty powerlines proves critical A faulty powerline has been detected before it fell in a high fire danger area of Victoria. The high-tech early fault detection (EFD) system had been installed on a 13,000-volt powerline at Porcupine Ridge near Daylesford, and located a broken conductor strand that was promptly repaired by Powercor’s line crew. This is the third powerline at risk of falling that an EFD has found during a small-scale government-funded trial covering less than half a per cent of Victoria’s high fire-risk powerlines. The results of this trial indicate that all 30,000 km of Victoria’s single-wire powerlines in high fire-risk areas could have EFD monitoring installed for about $30–40 million. The trial finished 12 months ago in mid-2019 but
Aurora Cannabis Provides Key Updates on Business Transformation Plan
Aurora Cannabis Provides Key Updates on Business Transformation Plan Aurora Cannabis Inc. (the “Company” or “Aurora“) (NYSE | TSX: ACB), the Canadian company defining the future of cannabinoids worldwide, today provided a progress update on its Business Transformation Plan that was previously communicated February 6, 2020. “Across our organization we continue to take decisive action and execute on our previously announced Business Transformation Plan,” stated Michael Singer, Executive Chairman and Interim CEO of Aurora. “With today’s announcement we have achieved our stated SG&A run-rate target and expect to operate at approximately $42 million for the first quarter of fiscal 2021. The further cost savings and margin improvement to be realized from our facility rationalization plan is another example of our commitment to
Ensuring reliability during electrical substation upgrade
Ensuring reliability during electrical substation upgrade When the time comes for electricity distributors to upgrade medium-voltage switchgear and substations, safety, reliability and environmental sustainability are key concerns. These were the primary considerations for an electricity distributor in New Zealand upgrading one of its 33 kV substations — it required a solution that met both safety and environmental goals. It was also focused on the sustainable use of resources, minimisation of waste and wise use of energy. Ageing outdoor equipment meant the switchgear in one of the substations was at the end of its life. The decision to replace the outdoor 33 kV switchgear with indoor switchgear would make working conditions safer for employees and allow the electricity distributor to explore more environmentally sustainable
MediPharm Labs Australia Enters Into New Supply Agreement With VIVO Cannabis and Prepares to Commence Sales
MediPharm Labs Australia Enters Into New Supply Agreement With VIVO Cannabis and Prepares to Commence SalesMediPharm Labs Corp. (TSX: LABS) (OTCQX: MEDIF) a global leader in specialized, research-driven pharmaceutical-quality cannabis extraction, distillation and derivative products, today announced that its subsidiary, MediPharm Labs Australia Pty. Ltd. has entered into an agreement to supply pharmaceutical-quality (GMP certified), formulated cannabis oil products to Beacon Medical Australia Pty. Ltd., a subsidiary of VIVO Cannabis Inc. (TSX: VIVO, OTCQX: VVCIF). Under the agreement with Beacon Medical Australia, which has an initial one-year term subject to renewal, MediPharm Labs Australia will supply a full range of GMP-certified, formulated CBD and THC cannabis oil products to Beacon Medical Australia for further distribution under its own branding. “Just weeks after
Developing a decentralised power grid
Developing a decentralised power grid An energy exchange framework designed to better manage distributed energy resources has been developed by researchers at Monash University. The research paper, which was published in a leading international open-access journal, Energies, suggests the implementation of a transactive energy market (TEM) framework to help consumers lower their power costs, by reducing peak demand, and accessing revenues from the provision of network services, such as frequency and voltage management, for the main grid. The increasing adoption of distributed energy resources (DERs), such as rooftop solar panels, is changing power grids from a centralised system, served by large-scale generators and transmission networks, to a more local and decentralised system. In the evolving electricity market, customers benefit from using renewable energy resources,
Its Time To Sink or Swim For Hexo Corp.
Its Time To Sink or Swim For Hexo Corp. During the last month, HEXO Corp. (HEXO.TO (HEXO) reported a number of significant developments centered on reducing expenses and strengthening its balance sheet. These developments come at a crucial time for the Canadian cannabis producer and we believe that our readers need to be aware of this. 2020 has been a challenging year for HEXO and the company could find itself de-listed from the Nasdaq as the shares are trading below the $1 level. If the shares cannot break above this level, HEXO could be forced to conduct a reverse stock split that would result in a higher stock price and fewer shares outstanding. HEXO has recently been trading in a volatile pattern
ISW Holdings Inc (OTCMKTS:ISWH) Lines Up Diverse Tailwinds Following Recent Key Catalysts
ISW Holdings Inc (OTCMKTS:ISWH) Lines Up Diverse Tailwinds Following Recent Key CatalystsISW Holdings Inc (OTCMKTS:ISWH) is a new flavor in the cryptocurrency space, with strong diversification across a number of industries, including the CBD and wellness space. The company is one of the few publicly traded securities that offers exposure to both the CBD and Crypto themes simultaneously. The company is also heavily involved in the logistics and supply chain management space through its joint venture project called “Volum”. ISW Holdings also has appreciable exposure to the renewable energy marketplace, which ties in with its crypto exposure. In other words, this is an interesting small cap (trading at under $0.30/share) with a very diversified footprint. But our focus here is on the
Why NUGS is Interesting in the US Small-Cap Cannabis Growth Space
Why NUGS is Interesting in the US Small-Cap Cannabis Growth SpaceAs the cannabis space continues to heal following the sector’s capitulatory cycle lows hit in March of this year after a devastating two-year bear market, the leadership that appears to be emerging among pot stocks suggests a growing bias toward US cannabis companies. The evidence for this thesis abounds, with the likes of Curaleaf Holdings Inc (OTCMKTS:CURLF), Green Thumb Industries Inc (OTCMKTS:GTBIF), and Cresco Labs Inc (OTCMKTS:CRLBF) sharply outperforming the big Canadian names like Aurora Cannabis Inc (NYSE:ACB), Canopy Growth Corp (NYSE:CGC), and Tilray Inc (NASDAQ:TLRY) since the March lows. That begs the question: where should one look for new small-cap growth opportunities in the space? We would start that search with a
Northern Data AG to expand HPC data centre
Northern Data AG to expand HPC data centre One of the world’s largest providers of high-performance computing (HPC) is expecting to expand its HPC data centre in Texas. The Northern Data AG data centre will expand to an operating capacity of 1000 MW within the first year, with a further expansion to 3.6 GW planned by 2023 at the latest. "We are currently ramping up our capacity as planned and build up in stages to now reach a capacity of one gigawatt by the end of the current year,” said Aroosh Thillainathan, CEO of Northern Data AG. The wholly owned Northern Data subsidiary Whinstone US operates a large data centre for HPC applications using an innovative cooling system and a self-developed artificial intelligence (AI)