Month: June 2020

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Pandemic Shows a Low-Carbon Future in Dire Need of Batteries

June 3, 2020 admin Comments Off on Pandemic Shows a Low-Carbon Future in Dire Need of Batteries

(Bloomberg) — Coronavirus has exposed a lack of investment in the big batteries crucial to unlocking solar and wind power.A drop in energy demand caused by the pandemic has left European grids overloaded with green electricity, raising the threat of blackouts and underlining the need for energy storage in a low-carbon energy system.Europe is striving to rid its power grids of carbon emissions by the middle of the century. But what should be an incentive to increase the use of batteries isn’t happening nearly fast enough with installations dropping last year, according to BloombergNEF.“Batteries are extremely critical,” Fatih Birol, executive …read more […]

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Ericsson shares boosted after 5G contract win in Canada, beating Huawei

June 3, 2020 admin Comments Off on Ericsson shares boosted after 5G contract win in Canada, beating Huawei

Bell Canada, part of BCE Corp, had relied on Huawei for deploying 4G infrastructure but went with Ericsson as Canada was deliberating whether to allow Huawei to sell 5G equipment in the country. The United States has raised security concerns about Huawei and has warned that allies that use its equipment in their networks risked being cut off from valuable intelligence sharing. …read more […]