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Sweden Scraps Plans For 13 Offshore Windfarms Over Russia Security Fears

An anonymous reader quotes a report from The Guardian: Sweden has vetoed plans for 13 offshore windfarms in the Baltic Sea, citing unacceptable security risks. The country's defence minister, Pal Jonson, said on Monday that the government had rejected plans for all but one of 14 windfarms planned along the east coast. The decision comes after the Swedish armed forces concluded last week that the projects would make it more difficult to defend Nato's newest member. The proposed windfarms would have been located between Aland, the autonomous Finnish region between Sweden and Finland, and the Sound, the strait between southern Sweden and Denmark. The Russian exclave of Kaliningrad is only about 310 miles (500km) from Stockholm. Wind power could affect Sweden's defence capabilities across sensors and radars and make it harder to detect submarines and possible attacks from the air if war broke out, Jonson said. The only project to receive the green light to was Poseidon, which will include as many as 81 wind turbines to produce 5.5 terawatt hours a year off Stenungsund on Sweden's west coast. "Both ballistic robots and also cruise robots are a big problem if you have offshore wind power," Jonson said. "If you have a strong signal detection capability and a radar system that is important, we use the Patriot system for example, there would be negative consequences if there were offshore wind power in the way of the sensors."

Read more of this story at Slashdot.




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Oil Giant BP is Killing 18 Hydrogen Projects, Chilling the Nascent Industry

An anonymous reader shares a report: Tucked inside a 32-page earnings report, oil and gas giant BP revealed it was killing 18 early-stage hydrogen projects, a move that could have a chilling effect on the nascent hydrogen industry. The decision, along with the sale of the company's U.S. on-shore wind power operations, will save BP $200 million annually and help boost its bottom line. The hydrogen industry, which has relied on oil and gas companies both financially and through lobbying efforts, is preparing for a grimmer outcome. BP has been a supporter of hydrogen. The company's venture capital arm has invested in several green hydrogen startups, including Electric Hydrogen and Advanced Ionics. Earlier this year, BP said it would develop "more than 10" hydrogen projects in the U.S., Europe, and Australia. Now, BP is scaling back those plans, saying it'll develop between five and ten projects. The company is keeping quiet about which ones will receive the green light.

Read more of this story at Slashdot.




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How Samsung Fell Behind in the AI Boom - and Lost $126 Billion in Market Value

After missing a chance to capitalize on the AI boom, "Samsung's profit has plunged," reports CNBC, and "around $126 billion has been wiped off its market value, according to data from S&P Capital IQ." It's gotten so bad that "an executive issued a rare public apology about the company's recent financial performance." [A]s AI applications such as OpenAI's ChatGPT rose in popularity, the underlying infrastructure required to train the huge models they rely on became a bigger focus. Nvidia has emerged as the top player in this space with its graphics processing units (GPUs) that have become the gold standard used by tech giants for AI training. A crucial part of that semiconductor architecture is high-bandwidth memory, or HBM. This next generation of memory involves stacking multiple dynamic random access memory (DRAM) chips, but it had a small market before the AI boom. That's where Samsung got caught out and failed to invest... SK Hynix saw this opportunity. The company aggressively launched HBM chips which were approved for use in Nvidia architecture and, in the process, the South Korean firm established a close relationship with the U.S. giant. Nvidia's CEO even asked the company to speed up supply of its next generation chip, underscoring the importance of HBM to its products. SK Hynix posted record quarterly operating profit in the September quarter... Analysts said that Samsung is lagging behind competitors for a number of reasons, including underinvestment in HBM and the fact that it is not a first-mover. "It is fair to say that Samsung has not been able to close the gap with SK Hynix on the HBM development roadmap," said Kazunori Ito [director of equity research at Morningstar]. Samsung's ability to make a comeback in the short term appears to be closely linked to Nvidia. A company must pass a strict qualification process before Nvidia approves it as a HBM supplier — and Samsung has not yet completed this verification. But a green light from Nvidia could open the door for Samsung to return to growth and compete more effectively with SK Hynix, according to analysts.

Read more of this story at Slashdot.







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EU funding powers 10% of European startup ecosystem, study finds


About one in every 10 European startups that have raised VC investment are also backed by an EU grant of equity financing, according to a research project conducted by Dealroom and Dealflow.eu. While the full report is expected to be published later this year, the authors presented a few preliminary numbers in Warsaw last week. In financial terms, the 10% share translates into EU-backed startups having raised €70bn in VC funding since 2010, or some 11% of total funding in Europe (which in this case includes the EU, Switzerland, Norway, UK, and Israel). With some €400bn in total enterprise value…

This story continues at The Next Web




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IRE 2022 Session Preview: State of the Industry 2022: Data, Insights and Much, Much More

Get a firsthand look at the most recent State of the Industry survey results to better gauge the marketplace as we settle into 2022.




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Contractor Profile: Indy Roof Company

This Indianapolis-based roofing contractor set out to be one of the most reputable companies in its market through communication and education.




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Embracing Sustainability in the Roofing Industry

Amidst Earth Day reflections, the roofing industry emphasizes sustainability, employing eco-friendly materials and practices to combat climate change.




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EEOC Guidelines for Preventing Harassment in the Construction Industry

The EEOC has published “Promising Practices for Preventing Harassment in the Construction Industry,” a guideline recommending committed leadership, accountability, comprehensive policies, accessible complaint procedures, and tailored training to ensure a harassment-free workplace. 




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Contractor Profile: RAMCON Roofing and a Superior Safety Mindset

Adam Burdine, his two brothers and founding partner Steve Kruse lead Tampa, Fla.-based RAMCON Roofing, a commercial firm emphasizing trust, communication, and quality, focusing on large commercial and industrial roof systems. 




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RC's 2024 Young Guns Invest in the Industry's Future

Meet the 2024 Young Guns, a group of roofing contractors and industry professionals under 40 who are leaving their mark and make a difference in various ways.




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S-5! Launches New WindClamp 2X

The new WindClamp2X are small aluminum clamps placed over the roof’s seam at designated intervals to prevent male-to-female seam separation and/or seam separation from the roof’s mounting clip.




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RC Podcast: Winds of Change: The Roots of Kelly Roofing Part 2

The 2019 Residential Contractor of the Year shares how his company converted from a retail roofing outfit in a storm market, to a full-service storm response company in the wake of Hurricane Irma.




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2023 Commercial Contractor of the Year: Greenwood Industries

Greenwood’s consistent success and shrewd expansion moves within the last few years allowed the company entrée into the rarified Top 10 of RC's 2023 Top 100 List — generating $218 million in revenue, a company record; the company was named 2023 'Commercial Contractor of the Year' at 2023 Best of Success.




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VIDEO: Greenwood Industries is RC’s Commercial Roofing Contractor of the Year




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VIDEO: The National Roofing Contractors Association addresses the impact Latino contractors have on the industry.

The National Roofing Contractor Association’s (NRCA) Hispanic Outreach Task Force is making a big push to empower Latino roofing contractors and to tap into the trillions of dollars they represent in the U.S. economy




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Owens Corning Again Earns Place on Dow Jones Sustainability World Index

Owens Corning secured its spot on the Dow Jones Sustainability World Index for the 14th consecutive year, also on the DJSI North America Index for the sixth year.




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State of the Roofing Industry - 2023

Brad Van Dam, vice president of MTL Holdings, provides insights into the state of the roofing industry, covering labor, supply chain and sustainability.




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Seattle Start-Up Challenges Case-Shiller Index ‘Supremacy’

Seattle-based real estate AI tech firm, Quantarium, is challenging the standard two-month lag used by the Case-Shiller Index to determine changes in home prices with its TerraIndex HPI; the company says its index provides real-time estimates made available on the second Wednesday of the following month.




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Reroofing Market Index Survey for Q3 2023 Shows Bright Spots

The North American industry trade associations' amalgamated Quarterly Market Index Survey for Reroofing in Q3 2023 showed improved prospects compared to the same period a year earlier, with eight out of 10 respondents identifying as roofing contractors.




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Join RC’s 2024 State of the Industry Webinar Feb. 15

Time is running out to register for RC’s exclusive 2024 State of the Industry webinar. Walk through RC’s exclusive annual survey data from roofing contractors around the country with the experts.




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IRE 2024 Session Preview: The State of the Roofing Industry 2024

Roofing contractors nationwide shared their insights on sales, new technology, workforce and other industry challenges in our exclusive survey. Our experts break
down the data on the industry’s biggest stage.




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State of the Industry Q&A

Leaders weigh in on the new challenges and innovative solutions that await a roofing industry continuing to evolve as a new year gets underway.




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Roofing Industry Q&A: PIMA President Justin Koscher

PIMA President Justin Koscher discusses how polyiso can play a role in a roofing contractor’s success this year.




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Roofing Industry Q&A: ABC Supply

ABC Supply continues to invest in its people, technology and communities. Learn more in this exclusive Q&A with RC.




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Roofing Industry Q&A: Mule-Hide Products Co.

Mule-Hide Products Co. continues efforts to train and educate roofing contractors while developing innovative products.




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Roofing Industry Q&A: Huntsman Building Solutions

Huntsman Building Solutions offers reasons for roofing contractors to remain optimistic when it comes to spray foam roofing and coatings systems.




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Roofing Industry Q&A: Spray Polyurethane Foam Alliance (SPFA)

The Spray Polyurethane Foam Alliance (SPFA) anticipates changes in policy and products in the near future. Is the roofing industry ready?




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Roofing Industry Q&A: Westlake Royal Roofing Solutions

Westlake Royal Roofing Solutions has new products and programs to engage with customers this year.




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New Independent Contractor Rule Impacts Roofers in March

A final ruling on independent contractors is in, and Legal Insights Expert Trent Cotney says roofing companies may need to reclassify some of their workers, taking a financial hit.




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Latino Roofing Contractors, Workers Carving a Larger Space Within the Industry

IRE 2024 has significantly expanded its Latino-friendly offerings through bilingual breakout sessions, Latino-specific programming and other events during the three-day expo in Las Vegas.




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VIDEO: Trent Cotney Inducted into WSRCA Hall of Fame

See who's the latest to receive the Western States Roofing Contractors Association's highest honor for their commitment to the organization and roofing industry as a whole.




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VIDEO: Josh Sparks on Finding Success with One-on-One Meetings

Josh Sparks, CEO of Infinity Home Services, shares the history behind his company and provides a sneak peek into his upcoming presentation at the 2024 Best of Success conference.




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Roofing Industry Gearing Up for BOS 2021 at The Star

Best of Success, RC’s signature annual event, returns to the headquarters of the Dallas Cowboys Sept. 19-21.