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Rajesh Swaminathan - 1 it's - 1 Andrés Dancausa - 1 Dancausa - 1 Swaminathan - 1 Victoria McIvor - 1 Timothy Barat - 1 Barat - 1
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☆ Electrification could overwhelm energy grids. Startups are betting on AI to make sure that doesn't happen
  + stars: | 2024-03-25 | by ( Tasmin Lockwood | ) www.businessinsider.com   time to read: +10 min
Today's energy grids are unable to keep up with the intense demand being heaped upon them. Globally, energy projects struggle to overcome permitting hurdles. Making smart grids a realityData was transmitted across a national energy grid for the first time in 2016. Startups selling them are hoping to alleviate pressure from physical grid infrastructure and allow operators to do more with the infrastructure they have. Victoria McIvor, an advisor to energy startups who was formerly an investor at the European climatetech firm World Fund, imagines a future where energy tariffs dictate when energy-intensive appliances run.
Persons: Rajesh Swaminathan, it's, Andrés Dancausa, Dancausa, Swaminathan, Victoria McIvor, Timothy Barat, Barat, Duncan Turner, SOSV, Turner, McIvor Organizations: Infrastructure, Service, International Energy Agency, Paris, Investors, Khosla Ventures, US Department of Energy, Fund, Octopus Energy, Continuum Industries, Software Locations: Europe, Ukraine, Portuguese, Amsterdam, California, London, VCs, Scottish
☆ Spanish banks mull legal challenge to bank tax proposal
  + stars: | 2022-11-28 | by ( Jesús Aguado | ) www.reuters.com   time to read: +2 min
MADRID, Nov 28 (Reuters) - Spanish banks Bankinter (BKT.MC) and Caixabank (CABK.MC) are considering challenging the government's new banking tax proposal in court, executives from the lenders said on Monday. An amended windfall tax proposal for Spanish banks and large energy companies last week cleared its first hurdle in parliament with the backing of the leftist ruling coalition and several regional parties. Earlier this month, the banking tax was amended to impose levies on the local units of foreign lenders after the ECB said the proposal would distort competition. Any potential legal challenge from the sector against the government would constitute an unprecedented legal move. BBVA's (BBVA.MC) Chief Executive Onur Genc said his bank would analyse the implications of the bank tax proposal and "we will decide in due time whether to appeal it".
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