Latest news with #solarpower
Malay Mail
14 hours ago
- Malay Mail
Fake IPT solar tender leaves Terengganu trader almost RM1m in the red
KUALA LUMPUR, June 28 — A trader in Terengganu has lost RM932,300 after allegedly falling victim to a scam syndicate involving a fake tender to supply solar power generator equipment to a non-existent of higher learning institution. According to Kosmo!, the 52-year-old man lodged a police report at the Kuala Terengganu District Police Headquarters last night after realising he had been duped. Kuala Terengganu district police chief Assistant Commissioner Azli Mohd Noor said the owner of a construction and supply company was first contacted by a suspect — claiming to be a representative of a state-owned institution — via WhatsApp on May 28. 'The victim was offered what was claimed to be a closed tender to supply and deliver Eco Flow portable power generators to the institution. 'Interested, he sent over his company's details to the suspect,' Azli told Kosmo! today. Azli said the trader subsequently made eight transactions into two bank accounts provided by the suspect, using both company funds and his personal savings. 'He was shocked to discover it was a scam after checking with the institution's management in Kemaman, who confirmed that no such tender had ever existed,' he added. The case is being investigated under Section 420 of the Penal Code for cheating.
TechCrunch
15 hours ago
- Business
- TechCrunch
Why Robinhood's co-founder is betting on solar power from space
As the co-founder of Robinhood, Baiju Bhatt helped redefine how millions of people interact with trading and investing. Now he's setting his sights even higher — literally — with Aetherflux, a new venture aiming to harness solar power in space. In this chat, Bhatt talks about what drew him to one of the most audacious bets in tech, how building in hard science compares to fintech, and why big risks still matter. Bhatt joined TechCrunch at our StrictlyVC Menlo Park event in June 2025, among several other speakers whose discussions you can find here.
Yahoo
17 hours ago
- Business
- Yahoo
Why Enphase Stock Is Soaring Today
The U.S. Senate is reportedly considering retaining clean energy tax credits in the 2026 budget bill. Enphase and other solar stocks have suffered in recent months on expectations that the tax credits were going away. It is far from certain what credits will be preserved in the final budget. 10 stocks we like better than Enphase Energy › Congress apparently is having second thoughts about ending tax credits for rooftop solar. That talk is giving solar stocks a charge, with Enphase Energy (NASDAQ: ENPH) up 10% as of 10 a.m. ET. Enphase makes microinverters and other components necessary to turn the sun's rays into energy for your house. The stock has lost about half of its value in the last six months on investor concerns that the new political climate in Washington is less favorable toward solar, which could stunt demand for Enphase's products. But the situation might not be as dire as some had feared. Late Wednesday, U.S. Senator Kevin Cramer told reporters that Republicans are discussing changes to a provision that would end tax credits for rooftop solar panels. The senator said the Senate's version of the massive budget bill currently being debated in Congress could offer clean energy credits that are "a little more generous" than the version that came out of the House of Representatives. Investors should be aware that the legislation is still very much a work in progress, and buying in based on headlines about negotiations can be dangerous. We won't know the fate of the credits until a budget bill is signed into law, and that could be months away. It's possible the two sides end up with a compromise, but that could include a drastic reduction in credits even if they are preserved. That said, Enphase is a market leader in solar with a strong balance sheet and cost advantages over its rivals. As solar gains popularity worldwide, there should be ample opportunities for Enphase to benefit. Investors with patience and a stomach for volatility could do well in the long run by buying in today. Before you buy stock in Enphase Energy, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Enphase Energy wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $687,731!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $945,846!* Now, it's worth noting Stock Advisor's total average return is 818% — a market-crushing outperformance compared to 175% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 23, 2025 Lou Whiteman has positions in Enphase Energy. The Motley Fool recommends Enphase Energy. The Motley Fool has a disclosure policy. Why Enphase Stock Is Soaring Today was originally published by The Motley Fool Sign in to access your portfolio
TechCrunch
a day ago
- Business
- TechCrunch
Meta buys over 1 GW of renewables to power its data centers
Meta bolstered its already considerable renewable power portfolio this week with string of deals that added over 1 gigawatt of generating capacity. The social media company announced Thursday that it will buy 791 megawatts of solar and wind power in Ohio, Arkansas, and Texas from project developer Invenergy. And on Wednesday, Meta said that it would buy the environmental attributes from two of Adapture Rnewables' solar farms in Texas totaling 360 megawatts. The various projects are expected to come online in 2027 and 2028. Meta has been on a renewable buying spree. Last month, it signed a deal to buy 650 megawatts across two solar projects being built by AES, a utility and power generation company. Earlier this month, the tech company inked a deal with XGS Energy to build a 150-megawatt enhanced geothermal power plant in New Mexico. The deals give renewables a boost at a time when subsidies for the technologies are being targeted for elimination in the reconciliation bills being hashed out by House and Senate Republicans. Solar power, in particular, is the fastest way for data centers to acquire new power today. A typical solar farm can be completed in about 18 months, with phased construction allowing some providing electrons even sooner than that.
Coin Geek
a day ago
- Coin Geek
Power, Protocol, Protection: Mitch Burcham on Weekly Livestream
Getting your Trinity Audio player ready... On this week's episode of the CoinGeek Weekly Livestream, BINARY founder Mitch Burcham told Kurt Wuckert Jr. about the state of the U.S. grid, how solar power will revolutionize energy, and how a more robust, decentralized grid can be built on the Bitcoin protocol. title="YouTube video player" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen=""> Who is Mitch Burcham? And a bit about the US grid Burcham is an entrepreneur and Founder of BINARY. He's also the National Blockchain Director at the Homeland Security Taskforce, giving him unique insight into both the government and business worlds. Burcham describes the last few years of his life as a 'deep dive' into the American grid. He describes it as highly complex and originally built by central planning. At its inception, Alternating Current (AC) won out, and they got economies of scale via coal-fired plants and hydro dams. While it still works great, the way it was designed created monopolies. Everything relies on the wires that the companies that built the grid own, and to this day, it depends on the monolithic structures they control. Burcham describes this as 'infrastructure jenga,' warning that it will inevitably collapse. This inevitable collapse is a feature of the top-down model, Burcham tells us. Thankfully, we now have solar panels—a distributed technology that can power almost anything locally. What is Burcham's idea for a more robust grid? Burcham begins his answer by stating an obvious fact: the sun is the biggest energy producer we'll ever find. It emits limitless energy wirelessly, giving him nuclear fusion on his rooftop. The Earth always has been and always will be solar-powered, so this energy source is part of the solution for him. However, the power source is only one element of a more robust, decentralized grid. They produce direct current (DC) electricity, which has to be inverted, and inverters introduce vulnerabilities like cybersecurity threats. In his vision, power would be transmitted between AC islands, and energy from rooftop panels would stabilize the grid. Currently, Burcham and his team are trying to build a state machine to allow all stakeholders to see the state of the grid and any actions taken. The ultimate aim is seamless coordination and competition between nodes. Wuckert mentions the cost of solar setups and how they become less efficient over time as potential barriers to a system like this. Burcham counters that the cost of solar panels has dropped 90% in 20 years, but the batteries are still relatively expensive. Regardless, he sees a future in which every house has one. The key to solving most cost problems is the open market, he says. We need price signals to determine when to recharge, etc. Aggregators can also help automate much of this. Unpacking what Burhcam's ideal grid would look like Wuckert asks for more detail on what this would look like at scale. He notes there are four time zones in the USA, and he wonders if arbitrage is possible over the huge distances in the country. Burcham envisions something much more local, emphasizing that this can't be centrally planned. It requires local power generation, and peer-to-peer transactions are a necessary part of it. How is blockchain utilized? The Bitcoin protocol acts as the global communication standard, facilitates peer-to-peer transactions, and offers timestamped records and verifiable proofs. Furthermore, backing this with an asset like Bitcoin (or tokens on it) will only add resiliency. The main benefit of building the grid on Bitcoin is that to attack it, a malicious actor would have to attack the Bitcoin network itself. However, if they also ran on it, they'd ultimately be attacking themselves, rendering the attack pointless due to mutually assured destruction. 'Bitcoin doesn't exist if the grid goes down, but the grid doesn't go down if it's built on Bitcoin,' Burcham says, highlighting the genius of Satoshi Nakamoto's invention. How receptive are stakeholders to this idea? Wuckert wonders what the grey-haired government officials and stakeholders think about Burcham's ideas. How has his pitch gone over with them? 'They wonder if I'm selling it,' Burcham says, emphasizing that he doesn't know. Others have told him it's impossible. Nobody wants to do it because of the costs involved, but he reminds them of how it's a national security superpower, and the first mover will have the advantage. To hear more about how a decentralized grid can be built on Bitcoin, why tradable assets like tokens can make it even more secure, and the direction Burcham's company is taking now, check out the episode here . Watch: Here's how Triple Entry Accounting guarantees trust in accounting title="YouTube video player" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen="">
