Yesterday President Obama gave a speech about energy and it got me thinking about the subject. He set a goal for the U.S. to reduce oil imports by 1/3 within 10 years. I’m not sure if this is possible or not, but assuming it is and that the country will proceed on that track, I [...]
I wrote a post on Better Place back in early February of this year. At the time, this start-up electric car company had just scored a big investment from a large investment bank. Also at the time, Better Place was more in the planning stages than in any actual product development. Fast forward almost [...]
When you look at the IT industry and the energy production/distribution industry it is hard to find many things in common between the two. When you think of IT, you think of computer nerds, office jobs and Silicon Valley. When you think of the energy sector, you think of drilling/mining, hard hats and physical labor. [...]
This past week marked a significant step for an electric car and program company called Better Place as they were able to obtain an investment by HSBC (a large and well known investment bank) to the tune of $350 million. It also valued the company at $1.25 billion which means that this company is quite [...]
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