Tesla confirms SolarCity acquisition is complete

November 21, 2016 by  
Filed under Business, Green

Comments Off on Tesla confirms SolarCity acquisition is complete

Last week, Tesla shareholders “overwhelmingly” showed their support for a merger with SolarCity , the solar energy company started by Elon Musk ‘s cousins. On November 21, a Tesla spokesperson confirmed the $2.6 billion acquisition is finished, which will enable Tesla to offer solar power to complement their electric cars and wall batteries . Tesla first floated the idea of an acquisition back in June , saying should the acquisition go through they would be the “world’s only vertically integrated energy company offering end-to-end clean energy products to our customers.” Tesla started Tesla Energy in early 2015, offering products such as the Powerwall battery, and saw a SolarCity acquisition as a logical next step. Related: Tesla shareholders “overwhelmingly” approve SolarCity merger Some people are still concerned the merger doesn’t make a lot of financial sense for Tesla in the short term. CFRA Research analyst Efraim Levy told CNBC about the acquisition, “Whatever the synergies are down the road, it’s negative for current holders.” Some analysts say the SolarCity acquisition is too risky. Tesla has recently unveiled products that make a lot of sense for a combined company, such as solar roof tiles and a glass solar roof for the Model 3. Tesla also indicated they think the merger will be beneficial for their company; in a statement in early November they said SolarCity would “add more than half a billion dollars in cash to Tesla’s balance sheet over the next three years.” Other people point to Musk’s drive as one factor that pushed the deal through, even if it won’t benefit investors right away. Musk addressed the merger in his Master Plan, Part Deux , saying that the fact that Tesla and Solar City were two distinct companies “is largely an accident of history.” He said, “Now that Tesla is ready to scale Powerwall and SolarCity is ready to provide highly differentiated solar, the time has come to bring them together.” Via The Verge Images via SolarCity Facebook and Heisenberg Media on Flickr

Original post: 
Tesla confirms SolarCity acquisition is complete

MakerBot and Stratasys Complete Merger to Form 3D Printing Super-Company

August 16, 2013 by  
Filed under Green

Comments Off on MakerBot and Stratasys Complete Merger to Form 3D Printing Super-Company

Back in June, desktop 3D printing leader MakerBot announced plans to merge with the Israeli company Stratasys , which specializes in industrial-level 3D printing and prototyping. Yesterday, the two companies announced that the deal is done. Although the companies are merging into one, MakerBot will continue to function as a separate entity, and it will continue to improve its already-popular desktop printers. “We are excited for the future,” said MakerBot CEO Bre Pettis . ”Full speed ahead!” Read the rest of MakerBot and Stratasys Complete Merger to Form 3D Printing Super-Company Permalink | Add to del.icio.us | digg Post tags: 3D fabrication , 3d printer , 3D printing , desktop 3d printer , makerbot , makerbot replicator 2 , prototyping , replicator , Stratasys        

Read more from the original source: 
MakerBot and Stratasys Complete Merger to Form 3D Printing Super-Company

West Virginia Ridge House: A Modern Dog Trot Home Made From Local Materials

August 16, 2013 by  
Filed under Eco, Green

Comments Off on West Virginia Ridge House: A Modern Dog Trot Home Made From Local Materials

Read the rest of West Virginia Ridge House: A Modern Dog Trot Home Made From Local Materials Permalink | Add to del.icio.us | digg Post tags: clerestory windows , eco design , green design , GriD Architects , mountains of West Virginia , natural lighting , passive solar design , Potomac River , Ridge House , Seneca Rocks , sheet metal , sustainable design , weekend home , west virginia , winter solar gain        

View original post here:
West Virginia Ridge House: A Modern Dog Trot Home Made From Local Materials

Architecture for Humanity Acquires Worldchanging

September 20, 2011 by  
Filed under Eco, Green

Comments Off on Architecture for Humanity Acquires Worldchanging

  Image Courtesy: Architecture for Humanity Architecture for Humanity , today formally announced its acquisition of Worldchanging , a leader in solutions-based journalism. About Worldchanging &  Architecture for Humanity Worldchanging is a nonprofit media organization dedicated to solutions-based journalism about the planetary future. Architecture for Humanity is a nonprofit design services firm founded in 1999, that aims to build a more sustainable future through the power of professional design . The Acquisition In November of 2010, Worldchanging announced it was taking steps to close its doors and dissolve as a 501(c)3 nonprofit organization. As with the dissolution of all 501(c)3s, the Board is required to transfer the assets of Worldchanging, including this website, to another like-minded organization. The Board was committed to finding a new home for all the valuable essays, stories, and learning accumulated through the seven years of Worldchanging’s efforts so they could continue to be a catalyst for future discussions and information sharing on how we can build a bright green future. The Worldchanging Board of Directors embarked on a formal Request for Proposal (RFP) selection process and found Architecture for Humanity to be the ideal match in terms of mission, vision, impact, and importantly, the organizational and technological capacity to run a program such as Worldchanging. What Makes This Merger Valuable Today, design and architecture increasingly includes many soft-focus areas, that are critical to its effectiveness in this resource-constrained world. Aspects like city and transportation planning, policy and planning, communication, social justice, low-impact design and science; issues that all once fell outside the traditional bounds of architecture are now at the heart of professional practice. Worldchanging co-founder and former Executive Editor Alex Steffen sums up the intent of the merger- “Last decade was about imagining the solutions that could help us meet big planetary problems.  This decade will be all about putting those solutions to work. This exciting new version of Worldchanging is set, I believe, to become the online epicenter of applied innovation.” Bringing these two worlds together is a logical next step in sustainable development. Cameron Sinclair, Executive Director of Architecture for Humanity, says,   “We are thrilled to connect with the Worldchanging community in order to expand the ways we can continue to make a difference across the world. Each project we do requires innovative solutions, resourcefulness, and passion.  It’s a perfect fit.” Over the next six months Architecture for Humanity plans to merge their current Open Architecture Network , an on-line network that empowers architects, designers, builders and their clients to share architectural plans and drawings, with Worldchanging, creating a robust platform that provides dialogue and tools to support a shared vision of a more sustainable future across sectors. The new site, which will retain the name ‘Worldchanging’ will be managed by an independent entity and will include project management tools, offer case studies on innovative solutions.

Read more here:
Architecture for Humanity Acquires Worldchanging

Bad Behavior has blocked 1393 access attempts in the last 7 days.