Tech investments in China are focused on 3 trends, says Antler

first_imgSuch wireless ecosystems would contribute to the overall effort to combat climate change, which is an area that investors are increasingly paying attention to, he said.Eric Lin, head of research at UBS Securities in China, said Chinese investors are looking more at ESG research. ESG stands for environmental, social and governance factors that investors consider when deciding which assets to put their money in.For example, investors may consider whether their investments are generating returns from driving positive changes in the world, or simply supporting something that’s not doing harm.Typically, such investments “tend to generate higher risk-adjusted returns,” which is good news for investors, said Lim, who spoke on the same panel. He added that “hot sectors” that attract investors in China include renewable energy and electric vehicles. – Advertisement – The next trend Wang shared is greater use of smart devices, which account for only 5% of household appliances in China, compared with around 20% to 30% in the U.S.“In the future, I believe, we will have this (percentage) go up to at least 30% to 40%, even to 50%” in China, he said. (L-R) Hongye Wang, partner of Antler; Eric Lin, head of research at UBS Securities in China; and Evelyn Cheng of CNBC on the first day of CNBC’s East Tech West conference in Nansha, Guangzhou on Nov. 17, 2020.Dave Zhong | Getty Images for CNBC Wang added that more of those devices — such as televisions and fridges — are likely to be wireless, which is the third and final trend that he sees. Going wireless means devices would need better batteries and power-control systems, he noted.- Advertisement – China, already home to technology giants such as Alibaba and Tencent, has more to offer to investors as the coronavirus pandemic accelerated tech adoption globally, a partner at an early-stage venture capital firm said on Tuesday.  Tech investments in the Asian economic giant are headed into three broad areas, Hongye Wang, a partner at Antler, said at CNBC’s annual East Tech West conference in the Nansha district of Guangzhou, China.First, he said that while e-commerce has a large presence in China, the pandemic has moved more activities online, such as education and medical services. That can grow even more in the future, he said during a panel discussion moderated by CNBC’s Evelyn Cheng.- Advertisement – – Advertisement –last_img read more

Thorcon, Defense Ministry to cooperate on thorium nuclear reactor

first_imgUnited States-based nuclear company Thorcon International Pte Ltd and Indonesia’s Defense Ministry signed a deal on Jul. 22 to study developing a thorium molten salt reactor (TMSR) for either power generation or marine vehicle propulsion.Thorcon said it would provide technical support to the ministry’s research and development (R&D) body to develop “a small-scale TMSR reactor under 50 megawatts (MW)”, the company wrote in a statement on Friday, Jul. 24,“[This will] strengthen national security in the outermost, frontier and least developed regions,” reads the company’s statement. In a separate statement on Jul. 22, the Defense Ministry said the deal would help it accomplish its 2020-2024 strategic plan but did not mention a planned capacity.Under the strategic plan, the ministry aims to have an operational molten salt reactor by 2025, which can be used to either generate electricity or power ships and submarines, according to publicly-available slides from the ministry’s website.“We hope Thorcon may be more open toward providing technical support for the Defense Ministry’s R&D body in making the designs and technical preparations for when we enter the construction phase,” the ministry’s statement reads.At 50 MW, the Defense Ministry’s “small-scale” reactor would become the biggest nuclear reactor in Indonesia. The country’s current largest reactor – a non-commercial facility – is the 30 MW GA Siwabessy reactor in Serpong, Banten. The proposed reactor is, however, smaller than a fully commercial 500 MW nuclear power plant that Thorcon has been proposing to develop over the past five years. Existing regulations put such plants in the backseat, behind coal and renewables.Thorium nuclear technology is also unready for commercial application, National Nuclear Energy Agency (Batan) director Dandang Purwadi told The Jakarta Post earlier this year.“We have to wait around 10 years for the technology to mature, then it takes 10 years to build the facility”, he said, commenting on Thorcon’s planned commercial plant.https://www.thejakartapost.com/news/2020/02/20/this-company-wants-to-build-indonesias-first-commercial-nuclear-power-plant.html Energy experts speaking at a discussion on Jul. 1 pointed out that nuclear plants were losing popularity and were much more costly than renewables, despite improvements in nuclear plant safety, following headline grabbing meltdowns.“There were many improvements and, after Fukushima, many new safety standards but, once again, risks can sometimes be identified while, sometimes, they cannot,” said Fabby Tumiwa, executive director of think tank Institute for Essential Services Reform (IESR).“Usage of nuclear power plants is entering a sunset phase,” said Herman Ibrahim, country chairman of the Paris-based International Council on Large Electric Systems (CIGRE).Topics :last_img read more