DAILY INNOVATION BRIEF by Edward Kane, Journalist

DAILY INNOVATION BRIEF              

By Journalists Edward Kane & Maryanne Kane


BIG OIL & GAS:  THANK YOU CLIMATE CHANGE


                                                                        Source:  Stock

  • $7 trillion worth of petroleum reserves have been exposed in the Arctic due to Climate Change melting ice.  Here's what we know:
  • The treasure trove of petroleum in the Arctic is being called a modern-day Gold Rush
  • Corporations and nations are poised to make trillions of dollars on it
  • 90 billion barrels of oil are soon to become available as ice melts
  • 84% of the petroleum is said to be offshore
  • Additionally, nearly 1.7 trillion cubic feet of natural gas and 44 billion barrels of liquid natural gas are estimated to be there by the US Geological Survey
  • Arctic countries like the US and Canada hold rights to drill in their territory
  • Russia's Gazprom is already drilling
  • Big oil sees this as a major business opportunity
  • Greenpeace sees this as a bitter irony that companies that helped bring about Climate Change see this as a big business opportunity rather than a dire cost of Climate Change.

H-CAR MADE OF SEAWEED, PLASTIC & BIO-MATERIALS


 
                                              Source:  GAC


  • China's GAC Motors has developed a hydrogen powered car composed of seaweed, plastic and bio-materials.  Here are some key facts:
  • GAC's ERA concept car was just unveiled at Guangdong Auto Show
  • Aerodynamic car body is made from seaweed, plastic and bio-based materials
  • Very stylish, big SUV design
  • Advanced platform that can use different types of energy
  • Features hydrogen fuel cells and 200 kw electric distributed motors on rear axle
  • 540 hp
  • 497-mile range
  • Lots of new technologies including integrated headlights, sensors and cameras on the front of the car
  • Very eco-friendly vehicle with international design team involved in China, Los Angeles and Milan to showcase the future of green driving.

AMAZON, iROBOT AND 750,000 ROBOTS


                                  Source:  Amazon & iRobot


  • Amazon is purchasing MA-based iRobot vacuum company, adding to its massive fleet of robots and smart devices.  Here are the key facts:
  • Reuters is reporting that Amazon is about to get unconditional European Union approval for its purchase of iRobot, an established & successful robotics company, founded by MIT graduates
  • That sent iRobot's share price up 39% to a record high of $41.48 today
  • At issue to EU regulators:  Amazon's acquisition of data from the global robotics company that would increase Amazon's market dominance
  • The EU examined Amazon's dominance in robots and smart home devices like Alexa, smart thermostats, smart security devices, wall-mounted smart displays
  • Another fact:  Amazon is a robotics leader with 750,000 robots at work in its network of warehouses
  • And it is putting millions of dollars into new robot development
  • At the end of the day, it looks like the acquisition is being approved by the EU
  • Now the US Federal Trade Commission needs to do the same for the deal to clear Europe and the US.

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 "Daily Innovation Brief"© By Edward Kane


  

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