Solar project lending startup Wunder Capital raises $112 million as renewable energy shines

As renewable energy continues to gobble up more and more of the new energy capacity coming online, the solar project lending company Wunder Capital has raised $112 million in primarily debt financing to boost its business. The 90 percent debt and 10 percent equity commitment came from the multi-strategy investment firm Cyrus Investments, which has backed renewable energy projects for years through its investment in RePower Group. “The debt component is going to blow out the lending opportunity,” says Wunder chief executive Bryan Birsic. Wunder chose to consolidate the debt…

Read More

Buick unveils an all-electric SUV concept and it’s exactly what GM needs

General Motors is spinning up its electrification plans and today announced the stunning, poorly named Buick Enspire concept at Auto China 2018. As a concepts go, this one looks great and rather feasible. GM says it’s powered by Buick’s eMotion powertrain that can produce a maximum output of 410 kW (roughly 550 hp). This should make it good for a 4-second sprint to 60 mph. Range is clocked at 370 miles and the battery can be recharged to 80 percent within 40 minutes. It supports both fast and wireless charging.…

Read More

Apple says its global facilities are now powered by 100-percent clean energy

Last week, Apple called out the Environmental Protection Agency’s plan to rollback the Obama-era Clean Power Plan. The company cited both the obvious environmental impact of such a move, along with potential economic fallout. It turns out Apple’s got quite a bit invested in the latter.  The company announced today that its global facilities are now 100-percent run by renewable energy. The move is in line with the company’s 2015 plan to push toward 100-percent renewable energy, a list that includes all of Apple’s data centers as of 2014. As…

Read More

Massterly aims to be the first full-service autonomous marine shipping company

Logistics may not be the most exciting application of autonomous vehicles, but it’s definitely one of the most important. And the marine shipping industry — one of the oldest industries in the world, you can imagine — is ready for it. Or at least two major Norwegian shipping companies are: they’re building an autonomous shipping venture called Massterly from the ground up. “Massterly” isn’t just a pun on mass; “Maritime Autonomous Surface Ship” is the term Wilhelmson and Kongsberg coined to describe the self-captaining boats that will ply the seas…

Read More

Apple voices opposition to Clean Power Plan repeal

The Clean Power Plan is shaping up to be the latest Obama-era legislation on the Trump administration chopping block. In fact, Environmental Protection Agency head Scott Pruitt has been quite open in his intentions to kill the plan focused on cutting greenhouse gas emissions. Apple is among the first — but likely not the last — of companies to voice opposition to the matter. This week, the company filed a statement with the EPA noting concerns over the potential fallout from rolling back the policy. The note cites both environmental…

Read More

Alphabet X spinout Dandelion raises $4.5M to build out its geothermal heating and cooling system for homes

Dandelion, a clean energy startup that was originally incubated inside Google parent Alphabet, has raised $4.5 million in funding to build out its business — a geothermal heating and cooling system for homes that claims it will drastically reduce its customers’ bills — it claims to cut bills in half (notwithstanding the upfront costs, more on that below) — while also being significantly more friendly for the environment compared to conventional systems that use gas and fossil fuels. The company opened for business first in Upstate New York — a…

Read More

Lynk & Co reveals the 02 crossover SUV and details European rollout plans

Geely’s Lynk & Co is one of the more interesting young automotive brands, with an approach to sales and marketing that more closely resembles modern gadget and lifestyle brand go-to-market strategy than traditional automaker sales. The Lynk & Co 01 SUV, designed to sit somewhere between Geely’s line on one end and Volvo’s vehicles on the other, debuted last year; now the company is revealing its 02, a more compact crossover SUV, again designed with mobility, connectivity, and the potential for shared use in mind. The 02 was designed and…

Read More

Rainforest Connection enlists machine learning to listen for loggers and jaguars in the Amazon

The vastness that makes the Amazon rainforest so diverse and fertile also makes it extremely difficult to protect. Rainforest Connection is a project started back in 2014 that used solar-powered second-hand phones as listening stations that could alert authorities to sounds of illegal logging. And applying machine learning has supercharged the network’s capabilities. The original idea is still in play: modern smartphones are powerful and versatile tools, and work well as wireless sound detectors. But as founder Topher White explained in an interview, the approach is limited to what you…

Read More

Nissan targets sales of 1 million EVs annually by 2022

Nissan is hoping to achieve a target of selling 1 million electrified vehicles across its portfolio by its fiscal 2022, the automaker announced today. The target is part of its overarching strategic mid-term plan leading up to 2022. To be included in the sales total, models sold by Nissan need to either be pure electric or e-POWER vehicles (Nissan’s hybrid system that delivers the performance benefits of a fully electric powertrain with the range and refuelling benefits of an internal combustion engine). The overall strategy to help get Nissan to…

Read More