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Source: https://www.fortuneviews.com/feed/

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<title>PropTech Sector Celebrates as “Europe’s Most Successful”</title>
<link>https://www.fortuneviews.com/proptech-sector-celebrates-as-europes-most-successful/</link>
<comments>https://www.fortuneviews.com/proptech-sector-celebrates-as-europes-most-successful/#respond</comments>
<dc:creator><![CDATA[tanmay]]></dc:creator>
<pubDate>Wed, 16 Jul 2025 12:46:10 +0000</pubDate>
<category><![CDATA[News]]></category>
<category><![CDATA[PropTech]]></category>
<guid isPermaLink="false">https://fortuneviews.com/?p=2183</guid>
<description><![CDATA[The UK PropTech sector has been hailed as Europe’s most successful during the UK PropTech Association’s annual awards, recognizing its crucial role in addressing economic and social challenges while tackling the climate crisis. This year’s awards were held in partnership with the Ministry of Housing, Communities, and Local Government, and showcased the growing influence of […]]]></description>
<content:encoded><![CDATA[The UK PropTech sector has been hailed as Europe’s most successful during the UK PropTech Association’s annual awards, recognizing its crucial role in addressing economic and social challenges while tackling the climate crisis. This year’s awards were held in partnership with the Ministry of Housing, Communities, and Local Government, and showcased the growing influence of PropTech in transforming the property industry. The awards highlighted the sector’s commitment to sustainability, innovation, and digital transformation, all of which are contributing to solving pressing national issues. A spokesperson for the UK PropTech Association emphasized the significance of these achievements, noting that PropTech is at the forefront of developing solutions that benefit both the property industry and society as a whole.
Among the standout winners was Alto by Zoopla, recognized for its contribution to driving market growth. iamproperty and Apex27 were also honored for their achievements in transforming property services. ValPal Connect was acknowledged for its role in revolutionizing the consumer journey, while Deepski won the award for driving market growth at pace. JLL Spark received the award for funding PropTech growth, underscoring the increasing investment in the sector. VU.City took home the award for unlocking property market growth, showcasing how data-driven insights are reshaping urban development.
Several other categories celebrated the impact of PropTech innovations across different areas of the industry. Spaceflow was recognized for its efforts in revolutionizing the consumer journey, providing an example of how digital tools are enhancing user experience in property management. Help me Fix received the award for industry transformation, and Demand Logic won in the Data Utilization & Enrichment category, highlighting how data is increasingly being leveraged to optimize building performance and operational efficiency. Re-Leased was acknowledged for business transformation, showcasing the power of technology in reshaping property management. In the realm of sustainability, Preoptima was awarded for its work in decarbonizing the built environment, reflecting the sector’s growing focus on reducing carbon footprints and driving eco-friendly innovations.
In recognition of collective contributions, Glider Technology, Kier Construction, and Future Decisions won the award for Digitally Enabled Spaces, exemplifying the integration of digital tools in construction and infrastructure. re:sustain and Knight Frank Investment Management received the Data Excellence award for their efforts in advancing sustainable data practices in the industry. The Innovation Team of the Year was awarded to British Land, celebrating their exceptional collaboration and commitment to innovation.
In individual awards, Dr. Tom Pey, founder of Waymap Limited, was honored with the Inspirational Founder award, while Peter Panayi of Building Minds was recognized as the Future Leader. Anthony Slumbers received the Special Achievement Award for his long-standing contributions to the sector.
The UK PropTech Association’s annual awards highlight the significant role the sector plays in shaping the future of property development, from digital transformation to sustainability, demonstrating its critical position in driving industry evolution and societal benefit.
]]></content:encoded>
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<title>Zen Technologies Teams Up with US Firm for Next-Gen Simulation and Training Solutions</title>
<link>https://www.fortuneviews.com/zen-technologies-teams-up-with-us-firm-for-next-gen-simulation-and-training-solutions/</link>
<comments>https://www.fortuneviews.com/zen-technologies-teams-up-with-us-firm-for-next-gen-simulation-and-training-solutions/#respond</comments>
<dc:creator><![CDATA[tanmay]]></dc:creator>
<pubDate>Wed, 16 Jul 2025 12:38:46 +0000</pubDate>
<category><![CDATA[News]]></category>
<category><![CDATA[Simulation]]></category>
<guid isPermaLink="false">https://fortuneviews.com/?p=2179</guid>
<description><![CDATA[Zen Technologies, an Indian defense technology company, has signed a Memorandum of Understanding (MoU) with Applied Visual Technology Inc. (AVT Simulation) in Florida to expand its presence in the US market. This partnership aims to develop advanced simulation and training solutions for defense and security forces, combining Zen’s technologies with AVT’s expertise in creating customized […]]]></description>
<content:encoded><![CDATA[Zen Technologies, an Indian defense technology company, has signed a Memorandum of Understanding (MoU) with Applied Visual Technology Inc. (AVT Simulation) in Florida to expand its presence in the US market. This partnership aims to develop advanced simulation and training solutions for defense and security forces, combining Zen’s technologies with AVT’s expertise in creating customized simulation systems.
The collaboration will focus on providing immersive, cost-effective training platforms for the defense, emergency response, and commercial sectors. It is designed to enhance military readiness and safety through next-generation training tools. Zen Technologies, with over 155 patents and more than 1,000 systems deployed globally, sees this partnership as a strategic move to strengthen its position in the US defense market.
Ashok Atluri, Zen’s Chairman and Managing Director, emphasized the partnership’s potential to set new standards in defense training and simulation. Kyle Crooks, CEO of AVT Simulation, highlighted how the collaboration would improve the effectiveness of warfighters and the quality of their solutions.
Zen Technologies is renowned for its innovation in simulation-based training, defense automation, and surveillance technologies. Their solutions, such as virtual and live training systems, military simulators, and unmanned systems, are designed to enhance defense personnel’s operational readiness. The company’s reputation for advanced technological solutions has made it a key player in India’s defense industry.
]]></content:encoded>
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<title>Apple Faces Challenges In China With AI Rollout For iPhones</title>
<link>https://www.fortuneviews.com/apple-faces-challenges-in-china-with-ai-rollout-for-iphones-2/</link>
<comments>https://www.fortuneviews.com/apple-faces-challenges-in-china-with-ai-rollout-for-iphones-2/#respond</comments>
<dc:creator><![CDATA[tanmay]]></dc:creator>
<pubDate>Wed, 16 Jul 2025 12:33:00 +0000</pubDate>
<category><![CDATA[Artificial Intelligence (AI)]]></category>
<category><![CDATA[News]]></category>
<guid isPermaLink="false">https://fortuneviews.com/?p=2175</guid>
<description><![CDATA[Apple is facing significant challenges in launching its artificial intelligence models for iPhones and other devices in China. A senior Chinese official has stated that foreign companies, including Apple, will face a “difficult and long process” to secure approval unless they partner with local firms. Apple’s efforts to introduce its AI features in China are […]]]></description>
<content:encoded><![CDATA[Apple is facing significant challenges in launching its artificial intelligence models for iPhones and other devices in China. A senior Chinese official has stated that foreign companies, including Apple, will face a “difficult and long process” to secure approval unless they partner with local firms. Apple’s efforts to introduce its AI features in China are hindered by the country’s stringent regulatory framework. To address this, Apple has been in talks with Chinese tech giants such as Baidu, ByteDance, and Moonshot to incorporate their local large language models (LLMs) into its devices. A Chinese tech regulator noted that using LLMs from Chinese companies would be a more straightforward approval process for foreign firms like Apple.
This move is part of Apple’s broader strategy to expand its AI capabilities, a key area it’s focusing on this year. Apple aims to drive consumer upgrades with AI-driven features that are incompatible with older iPhone models. However, Apple’s sales in China have been declining, with a nationalist backlash against US companies and a government campaign targeting iPhone use among state employees.
Apple has also considered running its own LLMs in China but would face a complicated approval process. The timeline for Apple’s AI rollout in China may be delayed, with analysts suggesting the launch could be pushed to the second half of 2025 or later.
]]></content:encoded>
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<title>UK sets precedent as first country to outlaw default weak passwords on IoT devices</title>
<link>https://www.fortuneviews.com/uk-sets-precedent-as-first-country-to-outlaw-default-weak-passwords-on-iot-devices/</link>
<comments>https://www.fortuneviews.com/uk-sets-precedent-as-first-country-to-outlaw-default-weak-passwords-on-iot-devices/#respond</comments>
<dc:creator><![CDATA[tanmay]]></dc:creator>
<pubDate>Sat, 12 Jul 2025 11:04:29 +0000</pubDate>
<category><![CDATA[Internet of Things (IoT)]]></category>
<category><![CDATA[News]]></category>
<guid isPermaLink="false">https://fortuneviews.com/?p=782</guid>
<description><![CDATA[Seven years ago, the United States experienced a significant cyberattack, leaving popular websites like Twitter, CNN, and Netflix inaccessible on October 21, 2016. Initially, suspicions pointed towards a powerful state actor, but the reality revealed a distributed-denial-of-service attack targeting Dyn, a vital provider of Domain Name System (DNS) services. Although the attack lacked sophistication, its […]]]></description>
<content:encoded><![CDATA[Seven years ago, the United States experienced a significant cyberattack, leaving popular websites like Twitter, CNN, and Netflix inaccessible on October 21, 2016. Initially, suspicions pointed towards a powerful state actor, but the reality revealed a distributed-denial-of-service attack targeting Dyn, a vital provider of Domain Name System (DNS) services.
Although the attack lacked sophistication, its impact was substantial. The assailants utilized a botnet named Mirai, composed of various internet-connected consumer devices, to flood Dyn’s servers with massive amounts of traffic. Mirai, created by a trio of young U.S. citizens, highlighted the dangers of lax security practices among Internet of Things (IoT) manufacturers, exploiting default usernames and passwords to infect around 300,000 devices.
In response to such vulnerabilities, the United Kingdom enacted the Product Security and Telecommunications Infrastructure Act 2022 (PSTI), prohibiting default guessable usernames and passwords on IoT devices. The legislation also establishes minimum-security standards for manufacturers and mandates transparency regarding security update durations.
Manufacturing flaws in IoT products have exposed home and business networks to additional risks, exemplified by instances like hackers breaching a casino’s network via an internet-connected fish tank temperature sensor, as reported by Darktrace.
Under the PSTI, manufacturers must eliminate weak default passwords and provide bug-reporting contact details. Non-compliant products risk recall and fines up to £10 million or 4% of global revenue.
Enforcement of the law falls under the Office for Product Safety and Standards (OPSS). Consumer-rights organization Which? calls for clear guidance and stringent enforcement against law-breaking manufacturers.
Viscount Camrose, serving as minister for cyber, underscores the importance of safeguarding consumers’ privacy, data, and finances. Similar legislation is under consideration elsewhere, such as the European Union’s Cyber Resilience Act, while the United States is developing federal laws like the IoT Cybersecurity Improvement Act of 2020 to address consumer IoT device security.
]]></content:encoded>
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<title>UK footwear brand FitFlop chooses Ryder as its US supply chain and logistics partner</title>
<link>https://www.fortuneviews.com/uk-footwear-brand-fitflop-chooses-ryder-as-its-us-supply-chain-and-logistics-partner/</link>
<comments>https://www.fortuneviews.com/uk-footwear-brand-fitflop-chooses-ryder-as-its-us-supply-chain-and-logistics-partner/#respond</comments>
<dc:creator><![CDATA[tanmay]]></dc:creator>
<pubDate>Sat, 12 Jul 2025 11:00:49 +0000</pubDate>
<category><![CDATA[News]]></category>
<category><![CDATA[Supply Chain]]></category>
<guid isPermaLink="false">https://fortuneviews.com/?p=779</guid>
<description><![CDATA[FitFlop has chosen Ryder System, Inc. as its new e-commerce, omnichannel fulfillment, and reverse logistics provider as it expands its presence in North America. Ryder’s expertise in providing scalable supply chain solutions for high-growth fashion and apparel brands played a pivotal role in FitFlop’s decision. The logistics operations for FitFlop will be housed within Ryder’s […]]]></description>
<content:encoded><![CDATA[FitFlop has chosen Ryder System, Inc. as its new e-commerce, omnichannel fulfillment, and reverse logistics provider as it expands its presence in North America. Ryder’s expertise in providing scalable supply chain solutions for high-growth fashion and apparel brands played a pivotal role in FitFlop’s decision.
The logistics operations for FitFlop will be housed within Ryder’s newly constructed 700,000-square-foot multiclient warehouse facility in Columbus, Ohio. This location offers strategic advantages, including access to a large portion of the U.S. population within two days via standard ground shipping.
FitFlop stands to benefit from Ryder’s tech-forward solutions, which promise a more efficient facility with faster fulfillment times and increased storage capacity. Additionally, the partnership will enable FitFlop to optimize transportation capabilities across its omnichannel business, expedite returns processing, and enhance supply chain resilience.
Jeff Wolpov, Ryder’s senior vice president of e-commerce, highlights Ryder’s comprehensive suite of services, including fulfillment and reverse logistics expertise, advanced technology, and nationwide distribution network. This collaboration aims to elevate the level of service provided to FitFlop’s omnichannel customers, ensuring a seamless experience across various retail channels.
Sal Billington, FitFlop’s global logistics director, acknowledges the collaborative effort between FitFlop and Ryder to meet tight implementation timelines. He expresses confidence that this partnership will equip FitFlop’s U.S. business with a robust range of omnichannel services for future growth.
Ryder’s footprint in the Columbus area includes four multiclient distribution centers, leveraging its central U.S. location and proximity to key transportation hubs. With nearly 300 warehouses spanning over 100 million square feet across North America, Ryder is well-positioned to support FitFlop’s expansion efforts and deliver exceptional service to its customers.
]]></content:encoded>
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<slash:comments>0</slash:comments>
<post-id xmlns="com-wordpress:feed-additions:1">779</post-id> </item>
<item>
<title>AnalyticsIQ unveils predictive solution to reveal consumer marketing preferences</title>
<link>https://www.fortuneviews.com/analyticsiq-unveils-predictive-solution-to-reveal-consumer-marketing-preferences/</link>
<comments>https://www.fortuneviews.com/analyticsiq-unveils-predictive-solution-to-reveal-consumer-marketing-preferences/#respond</comments>
<dc:creator><![CDATA[tanmay]]></dc:creator>
<pubDate>Sat, 12 Jul 2025 10:58:07 +0000</pubDate>
<category><![CDATA[Digital Marketing]]></category>
<category><![CDATA[News]]></category>
<guid isPermaLink="false">https://fortuneviews.com/?p=776</guid>
<description><![CDATA[AnalyticsIQ has introduced ChannelIQ, a revolutionary addition to its predictive data solutions, providing marketers with unprecedented insights into consumer marketing channel preferences. This tool empowers brands to refine their messaging, targeting, and overall campaign effectiveness by discerning where their target audience allocates their time and which content resonates with them. ChannelIQ encompasses a comprehensive range […]]]></description>
<content:encoded><![CDATA[AnalyticsIQ has introduced ChannelIQ, a revolutionary addition to its predictive data solutions, providing marketers with unprecedented insights into consumer marketing channel preferences. This tool empowers brands to refine their messaging, targeting, and overall campaign effectiveness by discerning where their target audience allocates their time and which content resonates with them.
ChannelIQ encompasses a comprehensive range of data covering diverse consumer channel behaviors, such as social media engagement, TV viewership, podcast consumption, and more. Built upon AnalyticsIQ’s research-based data creation methodology, ChannelIQ delivers in-depth analysis of content consumption patterns, advertising responsiveness, and optimal engagement windows, equipping marketers to devise highly focused strategies.
The advantages of ChannelIQ are manifold, including refined targeting, enhanced media planning, advanced customer segmentation, and optimization of marketing expenditures. Marketers can tailor strategies precisely, refine media planning strategies, personalize campaigns at scale, and allocate resources judiciously by identifying top-performing channels.
Scarlett Shipp, CEO of AnalyticsIQ, underscored the significance of ChannelIQ in comprehending consumer behavior across specific marketing channels. By furnishing profound insights into consumer behavior and targeted advertising, ChannelIQ facilitates the development of more streamlined, impactful, and tailored strategies, ultimately augmenting campaign return on investment.
In conclusion, ChannelIQ from AnalyticsIQ represents a significant advancement in predictive data solutions, offering marketers unprecedented visibility into consumer marketing channel preferences. With its comprehensive data coverage and sophisticated analysis capabilities, ChannelIQ empowers brands to optimize their messaging, targeting, and overall campaign effectiveness. By leveraging insights into consumer behavior across various channels, marketers can refine their strategies, enhance media planning, and allocate resources more efficiently. Under the leadership of Scarlett Shipp, AnalyticsIQ has positioned ChannelIQ as a tool that not only provides profound insights but also facilitates the development of more impactful and tailored marketing strategies, ultimately leading to improved campaign ROI. With ChannelIQ, marketers have a powerful ally in navigating the complex landscape of consumer engagement and driving success in today’s competitive market.
]]></content:encoded>
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<post-id xmlns="com-wordpress:feed-additions:1">776</post-id> </item>
<item>
<title>Research suggests creatine supplements could enhance cognitive abilities</title>
<link>https://www.fortuneviews.com/research-suggests-creatine-supplements-could-enhance-cognitive-abilities/</link>
<comments>https://www.fortuneviews.com/research-suggests-creatine-supplements-could-enhance-cognitive-abilities/#respond</comments>
<dc:creator><![CDATA[tanmay]]></dc:creator>
<pubDate>Sat, 12 Jul 2025 10:55:36 +0000</pubDate>
<category><![CDATA[Cognitive]]></category>
<category><![CDATA[News]]></category>
<guid isPermaLink="false">https://fortuneviews.com/?p=773</guid>
<description><![CDATA[In contemporary research, the cognitive ramifications of creatine supplementation have come under scrutiny, particularly concerning its potential efficacy in mitigating the effects of sleep deprivation. Creatine, a widely utilized sports supplement renowned for its capacity to augment muscular energy during physical exertion, has now emerged as a subject of interest for its purported cognitive benefits. […]]]></description>
<content:encoded><![CDATA[In contemporary research, the cognitive ramifications of creatine supplementation have come under scrutiny, particularly concerning its potential efficacy in mitigating the effects of sleep deprivation. Creatine, a widely utilized sports supplement renowned for its capacity to augment muscular energy during physical exertion, has now emerged as a subject of interest for its purported cognitive benefits.
Chemically comprising three amino acids, creatine is endogenously synthesized within the human body at an approximate rate of 1 gram per day, predominantly within hepatic and renal tissues, supplemented by minor contributions from pancreatic sources. Concurrently, dietary intake from animal-derived sources, such as meat and fish, provides an additional daily intake of around 1 gram for individuals adhering to an omnivorous diet.
The physiological significance of creatine resides in its pivotal role in the regeneration of adenosine triphosphate (ATP), the principal cellular energy currency. This mechanism, facilitated by the conversion of creatine into phosphocreatine, allows for rapid energy replenishment, particularly in oxygen-deprived conditions, thus conferring a bioenergetic advantage to various tissues, including the brain.
Recent investigations, including a notable study reported in Scientific Reports, have explored the potential cognitive enhancements afforded by creatine supplementation, particularly in contexts characterized by sleep deprivation-induced cognitive impairment. Notably, researchers observed a significant amelioration in cognitive performance metrics following a single high-dose administration of creatine among sleep-deprived participants. This augmentation in cognitive function was attributed to observed changes in cerebral metabolism, with notable enhancements in processing capacity and short-term memory discernible within hours post-supplementation.
Despite these promising findings, caution is warranted regarding the dosage and long-term safety considerations associated with creatine supplementation, as underscored by the study authors. While the preliminary results suggest a potential avenue for alleviating cognitive deficits induced by sleep deprivation, further systematic investigations are requisite to ascertain optimal dosing regimens and delineate the broader implications for diverse populations, including healthcare professionals, shift workers, and individuals necessitating sustained cognitive acuity in adverse conditions.
]]></content:encoded>
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<title>Integration of natural language enhances LLM performance across coding, planning, and robotics</title>
<link>https://www.fortuneviews.com/integration-of-natural-language-enhances-llm-performance-across-coding-planning-and-robotics/</link>
<comments>https://www.fortuneviews.com/integration-of-natural-language-enhances-llm-performance-across-coding-planning-and-robotics/#respond</comments>
<dc:creator><![CDATA[tanmay]]></dc:creator>
<pubDate>Sat, 12 Jul 2025 10:51:51 +0000</pubDate>
<category><![CDATA[Natural Language Processing (NLP)]]></category>
<category><![CDATA[News]]></category>
<guid isPermaLink="false">https://fortuneviews.com/?p=770</guid>
<description><![CDATA[The recent advancements in neurosymbolic methods by MIT’s Computer Science and Artificial Intelligence Laboratory (CSAIL) mark a significant step forward in bridging the gap between large language models (LLMs) and human-like reasoning capabilities. Through three groundbreaking frameworks — LILO, Ada, and LGA — CSAIL researchers have demonstrated the power of leveraging natural language to enrich […]]]></description>
<content:encoded><![CDATA[The recent advancements in neurosymbolic methods by MIT’s Computer Science and Artificial Intelligence Laboratory (CSAIL) mark a significant step forward in bridging the gap between large language models (LLMs) and human-like reasoning capabilities. Through three groundbreaking frameworks — LILO, Ada, and LGA — CSAIL researchers have demonstrated the power of leveraging natural language to enrich the abstraction-building process, enabling LLMs to tackle complex programming, AI task planning, and robotic manipulation tasks with greater efficiency and accuracy.
LILO’s integration of language-based abstractions with LLM-generated code facilitates the creation of succinct and understandable libraries for software development, enhancing the interpretability and performance of AI systems. Ada extends this approach to AI task planning, leveraging natural language descriptions to construct comprehensive action libraries that significantly improve decision-making in virtual environments. Meanwhile, LGA introduces language-guided abstraction for robotic tasks, enabling machines to better interpret their surroundings and execute tasks in unstructured environments, with potential applications in autonomous vehicles and industrial automation.
By harnessing the power of natural language to guide the abstraction process, these neurosymbolic methods offer a promising avenue for enhancing the capabilities of AI systems across various domains. With further research and refinement, these frameworks hold the potential to revolutionize how AI models interact with and navigate complex real-world scenarios, paving the way for more human-like and adaptive artificial intelligence.
In summary, MIT’s CSAIL has pioneered neurosymbolic methods, notably LILO, Ada, and LGA, which integrate natural language with large language models, enhancing AI’s reasoning across programming, task planning, and robotics. These frameworks promise profound advancements in AI’s adaptability and human-like interaction, heralding a new era of intelligent systems.
]]></content:encoded>
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<title>Monzo, the UK digital bank, reaches a valuation of $5 billion following its latest funding round</title>
<link>https://www.fortuneviews.com/monzo-the-uk-digital-bank-reaches-a-valuation-of-5-billion-following-its-latest-funding-round/</link>
<comments>https://www.fortuneviews.com/monzo-the-uk-digital-bank-reaches-a-valuation-of-5-billion-following-its-latest-funding-round/#respond</comments>
<dc:creator><![CDATA[tanmay]]></dc:creator>
<pubDate>Sat, 12 Jul 2025 10:48:01 +0000</pubDate>
<category><![CDATA[Digital Banking]]></category>
<category><![CDATA[News]]></category>
<guid isPermaLink="false">https://fortuneviews.com/?p=767</guid>
<description><![CDATA[In this week’s global payments news roundup, Monzo secures a significant investment of $430 million to fuel its expansion plans in the U.S., with Alphabet’s CapitalG among the key investors. This infusion brings Monzo’s valuation to $5 billion, marking a remarkable turnaround from its previous valuation of $2 billion in 2022. Monzo, which achieved profitability […]]]></description>
<content:encoded><![CDATA[In this week’s global payments news roundup, Monzo secures a significant investment of $430 million to fuel its expansion plans in the U.S., with Alphabet’s CapitalG among the key investors. This infusion brings Monzo’s valuation to $5 billion, marking a remarkable turnaround from its previous valuation of $2 billion in 2022. Monzo, which achieved profitability in 2023, aims to renew its U.S. market ambitions, this time seeking a partnership instead of pursuing a banking license.
Meanwhile, Stripe introduces Tap to Pay technology for iPhone in the U.K., enabling businesses to accept contactless payments without additional hardware. This move follows Stripe’s successful implementation of Tap to Pay in the U.S. The technology, also known as softPOS, offers a low-cost payment option, particularly beneficial for small businesses and sole proprietors. Banks like TD Bank and JPMorgan Chase are incorporating Tap to Pay into their mobile banking apps to expand merchant acquiring services.
In Ireland, the Central Bank expresses concerns over the slow adoption of payment innovations in the country’s banking system. Despite the availability of instant payments infrastructure since 2017, material providers have yet to implement it fully. Deputy Governor Vasileios Madouros emphasizes the need for accelerated adoption of real-time payments and open banking initiatives to ensure Irish consumers and businesses can benefit from these advancements. Additionally, Madouros underscores the importance of preserving access to cash and enhancing security and resilience in Ireland’s payment ecosystem amidst its evolution into a fintech hub.
These developments underscore the dynamic landscape of global payments, with digital banks, payment processors, and regulatory bodies navigating opportunities and challenges to drive innovation and financial inclusion.
]]></content:encoded>
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<post-id xmlns="com-wordpress:feed-additions:1">767</post-id> </item>
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<title>Naked Energy secures $3 million investment to produce solar technology in Texas</title>
<link>https://www.fortuneviews.com/naked-energy-secures-3-million-investment-to-produce-solar-technology-in-texas/</link>
<comments>https://www.fortuneviews.com/naked-energy-secures-3-million-investment-to-produce-solar-technology-in-texas/#respond</comments>
<dc:creator><![CDATA[tanmay]]></dc:creator>
<pubDate>Sat, 12 Jul 2025 10:42:09 +0000</pubDate>
<category><![CDATA[News]]></category>
<category><![CDATA[Solar Tech]]></category>
<guid isPermaLink="false">https://fortuneviews.com/?p=764</guid>
<description><![CDATA[Naked Energy, a leading renewable energy technology company, has announced plans to establish a manufacturing facility in Dallas, Texas, dedicated to producing its innovative combined solar photovoltaic (PV) and solar thermal units. The facility, to be managed by ELM Solar, a subsidiary of ELM Companies, represents a substantial investment aimed at meeting the growing demand […]]]></description>
<content:encoded><![CDATA[Naked Energy, a leading renewable energy technology company, has announced plans to establish a manufacturing facility in Dallas, Texas, dedicated to producing its innovative combined solar photovoltaic (PV) and solar thermal units. The facility, to be managed by ELM Solar, a subsidiary of ELM Companies, represents a substantial investment aimed at meeting the growing demand for sustainable energy solutions in North America.
With a commitment of $3 million from ELM Companies, the new manufacturing plant is expected to become the primary production site for all Naked Energy products destined for the North American market by 2025. The partners aim to manufacture 150,000 “Virtu tubes” by 2028, with ELM Solar playing a crucial role in overseeing the facility’s operations.
In a recent deployment at Creighton University in Nebraska, Naked Energy installed 69.9 kW of VirtuHot HD units, providing hot water for a dormitory housing approximately 400 students.
Meanwhile, the VirtuPVT unit generates electricity and heat up to 75°C (167°F) by integrating a heat absorber plate, conventional silicon solar cells, and an integrated reflector to maximize sunlight capture.
Featuring standard-sized 6-inch monoPERC solar cells, each tube in Naked Energy’s units is capable of generating 74 watts of power, resulting in a cumulative output of 370 watts across an area of 3.2 square meters. Notably, the vertically mounted electricity-generating units exhibit higher electricity production during spring and fall, demonstrating increased efficiency and versatility compared to conventional residential solar panels dedicated solely to electricity generation.
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