Hyundai Motor today shipped the first 10 units of the Hyundai XCIENT Fuel Cell, the world’s first mass-produced fuel cell heavy-duty truck, to Switzerland. Hyundai plans to ship a total of 50 XCIENT Fuel Cells to Switzerland this year, with handover to commercial fleet customers starting in September. XCIENT is powered by a 190-kW hydrogen fuel cell system with dual 95-kW fuel cell stacks. Seven large hydrogen tanks offer a combined storage capacity of around 32.09 kg of hydrogen.
The driving range per charge for XCIENT Fuel Cell is about 400km, which was developed with an optimal balance between the specific requirements from the potential commercial fleet customers and the charging infrastructure in Switzerland. Refueling time for each truck takes approximately 8~20 minutes. Fuel cell technology is particularly well-suited to commercial shipping and logistics due to long ranges and short refueling times. The dual-mounted fuel cell system provides enough energy to drive the heavy-duty trucks up and down the mountainous terrain in the region.
Hyundai is developing a long-distance tractor unit capable of traveling 1,000 kilometers on a single charge equipped with an enhanced fuel cell system with high durability and power, aimed at global markets including North America and Europe. Hyundai plans to roll out a total of 1,600 XCIENT Fuel Cell trucks by 2025, reflecting the company’s environmental commitment and technological prowess as it works toward reducing carbon emissions through zero-emission solutions.
Tokyo Electric Power Company along with three other companies launched an indoor vertical farm in central Japan with production capacity of 5 tons a day — one of the worlds largest for facilities relying solely on artificial lighting. The three companies established Saisai Life in April 2019 for the purpose of conducting a leafy vegetable production and sales business centered on lettuce. Saisai Life started the operation of the farm with a total floor space of about 9,000 square meters last Wednesday in the city of Fujieda, Shizuoka Prefecture in Japan to grow leafy greens such as lettuce by utilizing light-emitting diodes.
For the construction of the factory, they have utilized the farm ship know-how that has a track record of operating plant factories, adopted unique LED lighting that enables more effective cultivation, and optimized the cultivation space, etc. The leafy vegetables from this artificial indoor vertical farm will be shipped to food processing plants mainly in the Kanto, Chubu, and Kansai areas, and the sales channels will be expanded to produce full capacity in one year. In addition, by cultivating in a hygienic environment without being affected by the external environment, it becomes possible to maintain high freshness longer than usual, leading to reduced food loss. This facility also provide solutions for some of the problems faced by Japanese agriculture industry, such as a decline in the number of farmers and the aging of farmers still working in the field.
Hyundai Motor today introduced its first electric minibus for the Korean market – Country Electric. The Hyundai electric minibus provides an economical, eco-friendly, safe, and convenient alternative to diesel-powered buses. The 7,710-mm-long County Electric is equipped with a high-efficiency and high-power 128-kWh lithium-ion-polymer battery that provides a range of 250 km on a full charge. The 128-kWh battery can be fully charged in 72 minutes using a standard Combo 1 DC system(based on 150kW charging), which helps ensure reliability. The bus can be charged using a household 220V outlet, which takes 17 hours (220V charger is provided as an option).
County Electric’ Minibus has equipped the bus with the latest safety technologies to prevent accidents when passengers get on and off. Various sensors located near the middle door, including an ultrasonic sensor, prevent the door from closing while the passenger is getting on and off. The sensors also trigger an alarm when a body part gets caught in the door and automatically opens the door to prevent injury. The ultrasonic sensor is also connected to the bus’s acceleration pedal, which prevents the bus from moving forward from a stop when passenger movement is detected. County Electric also comes with a virtual engine sound system and rear parking assist system to warn pedestrians and prevent accidents.
Not only is Country Electric economical and eco-friendly, but it is also powerful. Within the 50 to 80 km/h range, Country Electric provides a 30-percent faster acceleration compared to diesel models. In addition, the bus is equipped with an electronically controlled, air-over-hydraulic(AOH) brake system with more robust brake discs to handle increased vehicle weight due to the battery. Hyundai Motor will offer the bus in configurations with 15 to 33 seats. The bus is available with a twin swing-type rear emergency door, seats with a 220-mm-higher backrest, and a new seat belt system that can reduce abdominal pressure during emergency braking.
Amazon on Tuesday pledged to invest $2 billion in projects aimed at combating climate change, stepping up efforts to reduce the carbon footprint of the tech giant and others. Amazon founder Jeff Bezos will look to invest in the visionary entrepreneurs and innovators who are building products and services to help companies reduce their carbon impact and operate more sustainably.
The pledge follows an announcement by Bezos last year that Amazon would accelerate its own efforts to cut its carbon footprint while encouraging others to join his “Climate Pledge” aimed at meeting goals of the Paris accord on climate ahead of schedule. The pledge has been joined by other companies including Verizon, Reckitt Benckiser and India-based tech giant Infosys. Amazon is on track to run on 100 percent renewable energy by 2025. It also will deploy more than 100,000 electric delivery vans to replace gasoline-powered vehicles.
The new fund will invest in companies in multiple industries, including transportation and logistics, energy generation, storage and utilization, manufacturing and materials, circular economy, and food and agriculture. The news comes amid growing concerns on climate change and with the US administration on course to withdraw from the global agreement aimed at curbing emissions. Some scientists have warned that climate change is accelerating, making mitigation efforts more urgent. The last five years have been the hottest on record, as has been the last decade, according to the European climate monitoring network.
Logitech today pledged to communicate the carbon impact of all its products on packaging and the company website. Logitech will be the first consumer electronics company to provide detailed carbon impact labeling on product packaging across the entire portfolio. In doing so, it intends to empower and collaborate with consumers, informing the purchasing choices they make. It also wishes to galvanize an industry-wide shift to dramatically lower the impact of carbon on the environment. Logitech expects the first carbon impact labeling to appear on its gaming products later this year, followed by a rollout across the full portfolio.
As an award-winning design company, Logitech designs for sustainability across all its brands, looking for ways to reduce the impact its products have on the environment throughout the design process. Until now, the carbon impact has not been visible to consumers looking to better understand their individual impact on the environment. Logitech’s carbon transparent labeling will quantify that impact, communicate it to consumers, and empower them to make more informed purchasing decisions.
Carbon transparency further extends Logitech’s commitment to sustainability across its products, packaging, and operations. In 2019, Logitech neutralized the carbon in its gaming product portfolio, announced its support of the Paris Agreement, pledging to limit its carbon footprint to support the ambitious 1.5oC goal and committed that the Company will be powered exclusively by renewable electricity by 2030.
The Korea Research Institute of Chemical Technology has developed a new technology to produce eco-friendly polyethylene furanoate (PEF) plastic. PEF has been spotlighted as a new bio-alternative to replace PET plastic and is made of glucose, a sugar substance originating from plants. The PET alternative is made by turning glucose into fructose, during which the common practice of using enzymes was known to be costly since enzymes cannot be recycled.
Another shortcoming has been that expensive devices are required to separate the remaining glucose from the fructose that has been created. The research team combined butanol with the commonly used hydrotalcite-based catalysts to create a new catalyst that is chemically stable and effective. The new catalyst costs only half the price of the enzyme-based manufacturing process since it can be reused, and expedited production is possible since it doesn’t require glucose to be separated from the fructose.
Adidas will launch new fabrics made from recycled polyester and marine plastic waste and expand the product lines that use them after the success of shoes made with the Parley for the Oceans initiative. Adidas first teamed up with Parley in 2015 and gradually ramped up production of shoes using plastic collected on beaches and coastal regions to make more than 11 million pairs in 2019, still only a fraction of a group total of more than 400 million. Since 2012, Adidas has innovated new products and processes with sustainability-focused partners like Parley for the Oceans, Stella McCartney and the U.S. International Space Station.
This year Addidas will launch PRIMEBLUE and PRIME GREEN performance fabrics, two new sustainable technologies where 100% of the polyester used is recycled. PRIMEBLUE, a performance fabric that contains Parley Ocean Plastic, is now included in some of the brand’s most iconic and visible performance products like Ultraboost shoes and in the uniforms of some of the biggest leagues and teams in the world. In total, the German firm will produce 15-20 million pairs of shoes using ocean plastic in 2020.
PRIME GREEN, a performance fabric that contains no virgin plastic, will be available later this year and will also be featured in key competitive products. Adidas wants more than half of the polyester it uses to be recycled in 2020, ramping up to 100 percent by 2024. Both performance fabrics will play a significant role in Adidas reaching more than 50% total volume of recycled polyester at the end of 2020 and its commitment to END PLASTIC WASTE. Nike uses recycled polyester yarn for the uppers of its popular Flyknit shoes, saying that it has helped it divert more than 4 billion plastic bottles from landfills.
It is a dilemma that many entrepreneurs face at some point during their careers: How do you assess the economic value of your company?
There are many ways to value your business. There is no “right” way, although you could probably think of several wrong ones. Ultimately, the business is worth what you think based on the criteria you set.
However, you can make an estimate by evaluating the company in different ways and then choosing the mix that reflects your final value estimation. You can start by looking at the value of the company’s assets: What does the company own? What equipment? What inventory?
Company valuation can, among other things, help you attract investors, set a fair price for employees, or grow or expand your business. Here are a few criteria to use to value your small business.
This is a simple process. You simply find out how much it cost setting up an existing company similar to the one being valued? You have to take into account everything that has brought the business to where it is today.
Write down all start-up costs and then the property, plant and equipment. How much would it cost to develop products, build a customer base and recruit and train employees?
When you’ve considered everything, you have your entry costs – and a valuation.
Price to Earnings Ratio (P/E)
Companies are often valued based on their price-earnings ratio (P/E) or multiples of the profit. This model is suitable for companies that have a proven track record. Determining an appropriate P/E ratio may depend on profits. If a company has high forecast earnings growth, this may indicate a higher P/E ratio. And if a company makes good repeat profits, it may also have a higher P/E ratio.
For example, using a P/E ratio of four for a business that makes £500,000 post-tax profits means it would be valued at £2,000,000.
How you get the right figures for your P/E can vary significantly depending on the business. Tech startups often have a high P/E ratio, as they are usually high-growth companies. A more common high street company like a real estate agency has a lower P/E ratio and is likely to be a mature business.
Valuation of A Company’s Assets
Stable, established companies with many properties, plant and equipment, are often suitable to be valued on these assets. Real estate and manufacturing companies are good examples of such companies.
To perform an asset valuation, you first need to determine the transaction’s Net Book Value (NBV). These are the assets reported in the annual financial statements of the company.
Then you should think about the economic reality surrounding wealth. This essentially means that the figures are adjusted to the actual value of the assets. For example, the real values of old stocks are reduced. If there are debts that are unlikely to be paid, you can take them out. And property could have changed in value, so adjust those figures too.
Discounted Cash Flow
This is a complex method of evaluating a company based on assumptions about its future. The system is ideal for mature industries that have stable, predictable cash flows, such as electricity and telecommunications companies.
The discounted cash flow is calculated from the estimate of the future cash flow. You can get an estimate by applying a 15-year dividend forecast plus residual value at the end of the period. They measure the present value of each potential cash flow using a rate of discount, which reflects the risk and time value of the amount.
The time value of the money is based on the idea that £1 is worth more today than £1 tomorrow because of its earnings potential. Usually, the discount rate can be between 15 and 25%.
What works for one company does not always work for another. By giving you an overview of some common business valuation methods, we hope that you are closer to properly evaluating your first business.
From blazing fires in Australia to rising ice melting and rising seawater, it’s clear to see that the planet is experiencing chaos in 2020. In order to mitigate the effects of climate change, it’s imperative that we all come together to make a difference. If your goal for 2020 is to be kinder on the planet, we’re here to help. In this post, we’ll discuss some easy ways to reduce your carbon footprint this year.
Reduce, reuse, recycle, repurpose
If you consider yourself an environmentalist, you’ve likely heard of the “3 R’s” reduce, reuse, and recycle, but there’s another “R” that can help you reduce your carbon footprint this year. Repurpose! Here’s how you can demonstrate each:
Reduce: Stop buying things you don’t need! Food waste is one of the biggest offenders of climate change. As we continue to buy more and more food, we’re signaling to farmers and manufacturers that we need more than we’ll actually use. More food production means more equipment used and more energy wasted. Try to make a habit of going to the grocery store more frequently so that you only need to buy the amount of food you need for a few days rather than a whole week or more.
Reuse: Instead of relying on the convenience of single-use items, consider buying things that can be reused. A reusable water bottle or a reusable shopping bag can limit how much you rely on plastic items on a daily basis. Plastic is bad for the environment for several reasons, but two of the main issues are that its production contributes to carbon emissions and standard plastics are not biodegradable.
Recycle: Speaking of plastic, it’s time to start recycling! If you haven’t been recycling already, what are you waiting for? Cities and states all have their own guidelines for what is and isn’t recyclable, so be sure to check with your place of residence before mixing non-recyclable items into your recycling receptacle. If your residence doesn’t provide recycling services, you might consider using a private recycling service.
Repurpose: The last time you decided to throw away or get rid of a piece of clothing or toss food, did you take the time to think about how else you could use the item before ditching it? Repurposing is an easy way to reduce your waste. Let’s say you have a dress that doesn’t quite fit right anymore, think about turning it into a t-shirt instead of tossing it right away.
As for food, oftentimes we’re too quick to throw out items that still have a shelf-life. Wilted greens, for example, can be mixed into smoothies, cooked into an omelet, or frozen for later. Next time you’re thinking about getting rid of an item, think carefully about whether it could actually have a second life.
Consider alternative energy
If you want to take a stronger approach to fight climate change, reconsidering how you source energy is a great place to start. There are many different types of alternative energy solutions these days, including solar, wind, and hydro energy. Solar energy is by far the most common for residential use and it is easy to implement. What’s more, solar energy is good for the planet and your wallet!
There’s a big misconception that installing solar power is way too expensive and labor-intensive, but there are several resources out there that can help you make the transition. PACE financing is one option that homeowners can take advantage of to help them afford the upfront costs of transitioning to solar energy. There are also a number of tax benefits that can help lower the financial burden.
Another really effective way to do your part for the planet is to drive less. Whether you use public transportation, walk, bike, or use a carpool service, having one less vehicle on the road will certainly make a difference!
In this time of climate crisis, it’s important that we come together as citizens of the world for the longevity of this planet. Use these tips in your day-to-day routine and convince some friends to join you in your mission!
Today at CES 2020, Toyota revealed plans to build a prototype city of the future on a 175-acre site at the base of Mt. Fuji in Japan. Called the Woven City, it will be a fully connected ecosystem powered by hydrogen fuel cells. Envisioned as a living laboratory, the Woven City will serve as a home to full-time residents and researchers who will be able to test and develop technologies such as autonomy, robotics, personal mobility, smart homes, and artificial intelligence in a real-world environment.
The city is planned to be fully sustainable, with buildings made mostly of wood to minimize the carbon footprint, using traditional Japanese wood joinery, combined with robotic production methods. The rooftops will be covered in photo-voltaic panels to generate solar power in addition to power generated by hydrogen fuel cells. Toyota plans to weave in the outdoors throughout the city, with native vegetation and hydroponics. For the design of Woven City, Toyota has commissioned Danish architect, Bjarke Ingels, CEO, Bjarke Ingels Group (BIG).
Residences will be equipped with the latest in human support technologies, such as in-home robotics to assist with daily living. The homes will use sensor-based AI to check occupants’ health, take care of basic needs and enhance daily life, creating an opportunity to deploy connected technology with integrity and trust, securely and positively. To move residents through the city, only fully-autonomous, zero-emission vehicles will be allowed on the main thoroughfares. In and throughout Woven City, autonomous Toyota e-Palettes will be used for transportation and deliveries, as well as for changeable mobile retail.
Both neighborhood parks and a large central park for recreation, as well as a central plaza for social gatherings, are designed to bring the community together. Toyota believes that encouraging human connection will be an equally important aspect of this experience. Toyota plans to populate Woven City with Toyota Motor Corporation employees and their families, retired couples, retailers, visiting scientists, and industry partners. The plan is for 2000 people to start, adding more as the project evolves. The groundbreaking for the site is planned for early 2021.