Ørsted, world’s largest wind developer, sees growth opportunities in current market upheaval

first_img FacebookTwitterLinkedInEmailPrint分享S&P Global Market Intelligence ($):Ørsted A/S, the world’s largest wind farm developer, is sticking to its growth strategy and financial guidance amid the coronavirus pandemic and said it could even eke out an advantage as others in the market step on the brakes.While the Danish utility has put into place cautionary measures to help buffer the impact of the crisis, including increasing its provisions and conducting wide-ranging risk assessments on new projects, executives said the company’s EBITDA guidance range for 2020 of between 16 billion kroner and 17 billion kroner will remain intact, and its appetite for building new projects will stay strong.“We believe financially robust companies that maintain a long-term view on the market are likely to find additional opportunities in the wake of the current crisis,” CEO Henrik Poulsen said April 29 on the company’s first-quarter earnings call.Ørsted saw substantial earnings growth during the first quarter, largely powered by strong wind resources. “We are in a much less vulnerable position than many other sectors that regrettably are deeply impacted by this crisis,” Poulsen said. “However, the impact of COVID-19 will have material ripple effects throughout all economies and sectors. And you can rest assured that we will not be complacent about its potential impact on Ørsted.”In the short term, however, several Ørsted projects risk construction delays due to supply chain disruption, specifically because tools were laid down at a shipyard in Singapore that was building substations for the Hornsea 2 and Greater Changhua offshore wind farms. Deliveries of solar panels for the Permian Energy solar project in the U.S. are also delayed, Poulsen said.Despite this, Ørsted’s appetite for taking new projects remains strong. “We are still looking into a very significant number of auctions and tenders in 2020 and 2021 as most countries and states stick to the original timeline despite the COVID-19 situation,” Poulsen said.[Camilla Naschert]More ($): Ørsted doubles down on growth ambitions as others retreat due to COVID-19 Ørsted, world’s largest wind developer, sees growth opportunities in current market upheavallast_img read more

Building brands in a voice-activated world

first_img 11SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr Voice technology has made great leaps in the past few years. Speech recognition error rates are approaching human levels, and machine learning continues to improve the ability to understand the nuances of natural language such as meaning or intent. Last year, 20% of Google’s mobile search queries were voice queries. While Apple, Google, Microsoft and Amazon dominate with widely used assistant, Facebook and Samsung as well as a handful of other brands are exploring how to incorporate voice into their customer experience.Voice represents a logical next step in the evolution of how we interact with information. It’s more natural than using a touchpad or keyboard, takes less brain power, and creates even more opportunity for tech to move further into the background where it doesn’t require precious attention. And it’s quickly getting to a place where it will deliver what consumers want most from it: A fully integrated experience that connects their platforms and devices with a layer of context and a smarter assistant that incorporates preferences and behaviors to get predictive.The broadest application for voice tech with consumers will continue to be realized through digital assistants, primarily through smartphones and home devices. The more a voice assistant can connect with the user’s personal data, the better it will be at layering personal context and making recommendations. According to a report compiled by JWT 60% of smartphone users agree that “if voice assistants could understand me properly and speak back to me as well as a human can, I’d use them all the time.” continue reading »last_img read more