QUICK NEWS, February 13: Fashion Faces Climate Change; UPS Delivers Solar; Ocean Wind Becomes The Next Frontier
Fashion Faces Climate Change Climate change puts weather on fashion students' radar
Ashley Milne-Tyte, February 13, 2017 (MarketPlace/PRI)
“…[Climate change-induced weather havoc is impacting clothing sales] of all kinds, from coats to boots to bathing suits…[The retail industry is trying to get on top of the changes and one] famous New York fashion school has even incorporated weather analysis into its coursework…[The Fashion Institute of Technology has FM 329], Predictive Analytics for Planning and Forecasting: Case Studies with Weatherization. It’s the first time FIT has married math and the business of fashion to help students understand a huge influence on buying behavior: weather…[For fashion retailers, a] warm December or chilly June can mean millions of dollars in lost sales of seasonal merchandise…[Climate change is making the weather more volatile. A sudden hot spell can depress coat sales and send buyers shopping for swimsuits but big data] is giving professional analysts — and these students — an edge in predicting how weather could affect sales or inventory buildup…” click here for more
UPS Delivers Solar UPS to spend $18M to install 26,000 new solar panels The new project will produce 10 megawatts of power, or enough electricity to power about 1,200 U.S. homes annually
Lucas Mearian, February 10, 2017 (Computer World)
“UPS plans to expand its use of solar energy nearly five-fold this year, by adding [about 10 megawatts, or enough electricity to power about 1,200 U.S. homes annually, at a cost of about $18 million] to its 2,580 facilities throughout the world…Increasing the use of renewable energy has become a targeted goal of Fortune 500 companies, and with good reason. As early as 2014, more than half of Fortune 100 companies collectively saved $1.1 billion in energy costs by rolling out renewable energy programs…[UPS] has invested more than $750 million in alternative-fuel and advanced-technology vehicles and in fueling stations globally since 2009. In 2014, UPS said, it saved nearly $200 million from its renewable energy program…” click here for more
Ocean Wind Becomes The Next Frontier Offshore Wind Moves Into Energy’s Mainstream
Stanley Reed, February 7, 2017 (NY Times)
“…[O]ffshore wind, once a fringe investment, with limited scope and reliant on government subsidies, is moving into the mainstream [and developers say it is the next New Energy frontier]…Offshore wind has several advantages over land-based renewable energy, whether wind or solar. Turbines can be deployed at sea with fewer complaints than on land, where they are often condemned as eyesores…But the technology had been expensive and heavily dependent on government subsidies, leaving investors wary. That is now changing…Turbines today are bigger, produce much more electricity and are deployed on much larger sites than in the past. The result is more clean power and extra revenue…The number of major players has also expanded, creating more competition. A joint venture of Vestas, the Danish turbine maker, and Mitsubishi Heavy Industries of Japan, is now competing with Siemens, which had long dominated the market for building offshore turbines. Others, like the American giant General Electric and Chinese manufacturers, are also jumping into the game…Companies are developing specialized vessels and improving installation techniques (taking a cue from the oil industry), cutting construction timetables…” click here for more
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