Samsung Electronics, a global leader in advanced memory technology, announced today the mass production of the PM9E1, a PCIe 5.0 SSD with exceptional performance and capacity. Powered by its in-house 5-nanometer (nm)-based controller and eighth-generation V-NAND (V8) technology, the PM9E1 offers unparalleled performance and enhanced power efficiency, making it ideal for on-device AI PCs. “Our PM9E1 integrated with a 5nm controller delivers industry-leading power efficiency and utmost performance validated by our key partners,” said YongCheol Bae, Executive Vice President of Memory Product Planning at Samsung Electronics. “In the rapidly growing on-device AI era, Samsung’s PM9E1 will offer a robust foundation for global customers to effectively plan their AI portfolios.” The PM9E1 boasts impressive sequential read and write speeds of up to 14.5 gigabytes-per-second (GB/s) and 13GB/s, respectively, thanks to its eight-channel PCIe 5.0 interface. This powerful performance enables faster data transfer, even with data-intensive AI applications. Offering storage options ranging from 512GB to 4TB, the PM9E1 caters to various storage needs, including large-sized files, data-heavy programs, and high-resolution videos. The 4TB option is particularly suitable for PC users demanding high-capacity storage for intensive workloads like gaming and AI-generated content. The PM9E1’s significantly improved power efficiency of over 50% ensures longer…
A new report released today by the UN Environment Programme (UNEP)-led Cool Coalition and International Finance Corporation (IFC) highlights a massive $8 trillion opportunity for sustainable cooling solutions in developing economies. The report, titled “Cooler Finance: Mobilizing Investment for the Developing World’s Sustainable Cooling Needs,” forecasts a significant growth in the cooling market in developing countries. By 2050, the market is expected to expand from $300 billion to at least $600 billion per year. Africa and South Asia are projected to experience the most rapid growth, with market sizes increasing by seven times and four times respectively. The report emphasizes the need for prioritizing passive, energy-efficient, environmentally friendly, and economically viable cooling solutions. It warns that developing economies, already responsible for two-thirds of global cooling-related emissions, are on track to double their cooling demand by 2050. By adopting sustainable cooling technologies, developing economies can reduce cooling-related emissions by nearly half by 2050. This requires a multifaceted approach, including: “The sustainable cooling market represents at least a 600-billion-dollar opportunity for the private sector, which could generate more than 8 trillion dollars in benefits for developing countries,” said Makhtar Diop, IFC’s Managing Director. “These nations are especially vulnerable to the deadly effects…
Stem, Inc. (NYSE: STEM), a leader in clean energy software and services, announced a significant shift in its strategic direction. This move prioritizes software and services to drive predictable, recurring revenue and higher profitability. Stem will transition to a software and services-centric model, leveraging its industry-leading offerings to create tangible value for customers. This approach promises several key benefits: Stem will now prioritize consultative energy services as the foundation of customer relationships. This service-based approach allows for better project management and addresses challenges like supply chain delays. Stem will further develop its AI-powered software and edge device capabilities. The focus will be on creating innovative, customer-centric solutions built on platforms like PowerTrack and Athena. This includes combining these platforms into a single, unified solution for managing and optimizing both solar and storage assets. Hardware procurement will become a specialized service within Stem’s broader offerings. Moving forward, hardware sales will be subject to stricter criteria focusing on profitability, zero working capital requirements, and bundled software and edge device components. This new strategy is expected to benefit both existing customers (over 16,000) and open doors to new ones. Stem will continue fulfilling its existing hardware backlog while implementing its new strategy.
Amazon Web Services (AWS) has announced its commitment to water replenishment, aiming to return over 7 billion liters of water to local communities each year. This initiative is part of AWS’s broader efforts to address the growing water crisis and ensure access to clean water for future generations. The world is facing a water scarcity crisis, with global freshwater demand expected to exceed supply by 40% by 2030. While Amazon cannot solve this challenge alone, the company is dedicated to being a good water steward and contributing to positive change. AWS’s water replenishment projects focus on restoring watersheds and providing clean water, sanitation, and hygiene services to communities in need. These initiatives align with AWS’s goal of being water positive by 2030. “Amazon is committed to being a good water steward everywhere it operates,” said Kara Hurst, Amazon’s chief sustainability officer. “Doing our part to help address water scarcity is essential to overcoming health and economic risks for Amazon’s employees, customers, communities, and business. One of the ways AWS is innovating to help make a difference is by expanding on its water replenishment program to more places, which will return over 7 billion liters of water each year once all…
The EU has made significant progress in ensuring secure, affordable, and sustainable energy for its citizens. The EU has successfully weathered critical risks to its energy supply, regained control over the energy market and prices, and accelerated its transition towards climate neutrality. These achievements are outlined in the State of the Energy Union 2024 report, which assesses the EU’s progress in 2023-2024 towards the objectives of the Energy Union, the REPowerEU plan, and the clean energy transition. The EU has established a robust regulatory and financing framework to achieve its 2030 climate and energy goals, laying the foundation for renewed economic growth and competitiveness. For consumers, measures implemented at the EU level have resulted in a drastic decline in electricity and gas prices compared to their peak levels in 2022. Vulnerable consumers are also better protected from disconnection due to new energy market legislation. In terms of renewable energy, the EU has made significant strides. Renewable sources now account for half of the EU’s electricity generation, with wind power surpassing gas as the second largest source. Additionally, the EU has reduced greenhouse gas emissions by 32.5% since 1990, while its economy grew by 67% during the same period. The EU…
