China begins construction of 6GW wind project in Inner Mongolia region

first_img FacebookTwitterLinkedInEmailPrint分享Xinhua:Construction on a wind power project with a power generating capacity of 6 GW began Thursday in north China’s Inner Mongolia Autonomous Region.The project is the first phase of a wind power base invested in by the State Power Investment Corp. Ltd. (SPIC) in Siziwang Banner in the city of Ulanqab. Qian Zhimin, SPIC’s chairman, said the project involves an investment of 40 billion yuan (5.6 billion U.S. dollars) from the company.The wind turbines have an average power generating capacity of 4.16 MW.After being put into operation, it is expected to supply nearly 20 billion kWh of electricity to Beijing, Tianjin and Hebei every year and provide green energy for the Beijing Winter Olympics in 2022.The project could replace 6 million tonnes of standard coal and reduce the emissions of carbon dioxide by 16 million tonnes a year, said Qian.Inner Mongolia has the country’s largest wind power resources with an exploitable amount of 150 GW, accounting for about half of the total in China’s land area.More: Construction on 6 GW wind power project kicks off in north China China begins construction of 6GW wind project in Inner Mongolia regionlast_img read more

Long Island Blizzard: 2 Feet of Snow Could Blanket Long Island

first_imgSign up for our COVID-19 newsletter to stay up-to-date on the latest coronavirus news throughout New York The powerful Nor’easter that forecasters had been warning about for a week finally made its way to Long Island Friday evening, and just as it did, new reports came in indicating potentially higher snowfall amounts then originally predicted.The National Weather Service’s Upton office reported that Long Island could get blanketed with up to two feet of snow—up from earlier predictions of just a foot. LI was still on track to see potentially dangerous 55 mph wind gusts. The agency’s blizzard warning is in effect until 7 a.m. Sunday.During a press conference Saturday morning, Suffolk County Executive Steve Bellone announced that he had declared a state of emergency, effective at 8 a.m.“We are now getting a direct hit,” Bellone said, adding that the storm was more intense then originally predicted.Nassau County Executive Ed Mangano also announced a state of emergency. Here is our new storm total snow forecast! #WinterstormPosted by US National Weather Service New York NY on Friday, January 22, 2016 In an early morning TV appearance, Gov. Andrew Cuomo warned the “the worst is yet to come.” In an interview with NBC New York he announced he would be declaring a state of emergency. That allows the state to more easily move resources around and ban travel on certain roads. The governor did not say if he intends to close any roads on the Island. [UPDATE: Gov. Cuomo declares a state of emergency]The governor also called on residents to stay off the roads, lamenting that he had already seen stranded vehicles and accidents in his travels.“Beside Mother Nature, what we end up dealing with is citizens” traveling in poor conditions, he told NBC New York. “Once cars get stranded, now the road is impassable, the plow can’t pass…now you really have a chaotic situation.”“You should not be on the road, it’s that simple,” he added.In Nassau County, Mangano urged residents to shelter in place. The blizzard, he said, would complicate efforts of plow operators because of expected whiteout conditions. Bellone had the same message for residents in Suffolk.“The roads are treacherous,” he said. “Stay off those roads.”Bellone said the county has already received 60 storm-related calls. He said there had been seven accidents on county roads since the storm hit, but no injuries were reported. Mangano told NBC New York hat there had been 27 accidents. He did not say if any were serious.The storm is expected to intensify as the day goes on, Bellone told reporters. As heavier bands enter the region, snow could fall at a rate of 1 to 3 inches an hour, he said.Plow operators in Suffolk have been batting the storm since midnight. There are currently 275 plows on Suffolk roads, and that number is likely to increase as the day goes on, Bellone said.The massive Nor’easter is threatening much of the mid-Atlantic, with millions of people in its path. Thousands of flights have already been cancelled, including at John F. Kennedy International Airport and LaGuardia Airport. Long Island MacArthur Airport won’t resume flights again until Sunday afternoon, but departure times vary depending on the airline.Aside from the snowfall, officials all agreed that their biggest concern was potential flooding along the coast. Parts of the Island are also under a coastal flood warning due to the strong winds. The weather service said tides could be more than 3 feet above normal. The agency warned residents in low-lying areas to be aware of rising water levels and “take appropriate action to protect life and property.”As of 8:30 Saturday, a little more than 1,000 PSEG Long Island customers were without power, the utility reported. At one point, more than 13,000 ratepayers were in the dark.The Long Island Rail Road was reporting minor delays on several branches. The LIRR has said it could modify or suspend service depending on snow accumulation and if sustained winds become greater than 39 mph.Snow is expected to taper off late Saturday, forecasters said.Update 1: This article was updated to include new outage information from PSEG Long Island.Update 2: This article was updated to include comments from Suffolk County Executive Steve Bellone.last_img read more

Can the cloud help your credit union reach $1 billion?

first_img 22SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr,Kirk Drake Kirk Drake is founder and CEO of Ongoing Operations, LLC, a rapidly growing CUSO that provides complete business continuity and technology solutions. With its recent acquisition of Cloudworks, Ongoing Operations … Web: www.ongoingoperations.com Details Over the past ten years, Ongoing Operations has worked with approximately 25% of the top 100 credit unions. Recently, we have become much more focused on the credit unions trying to get to the $1B club.  In working with both groups, we have found some pretty interesting consistencies among the ones who have “made it”.  Generally, there are three segments that make it to the holy land of scale…Great MarketsInnovative Business ModelGrit and FocusAt the top of this group is the great market segment.  These are credit unions that have killer SEG groups that grow and grow and tend to have simple, bread and butter requirements of their credit union. These credit unions are able to achieve scale and dominate their target market, enjoying the benefits that come along with their larger size. Cloud probably isn’t a big game changer for this group.  They have the scale, the market, the balance sheet, and natural focus.Then there are the Innovative Business Model credit unions. These credit unions generally experienced a major SEG meltdown or limited growth geographically or some other constraint.  Along the way, they began to innovate by changing their branch delivery structure, or creating CUSOs for non-interest income etc.   This group is a great match for cloud.  They know what is unique about themselves and their market and they know how to keep tailoring their services to their niche.   Cloud is a great option because most likely data center, IT security, good telecom, and business continuity aren’t the differentiators their members are looking for…Instead, they may want to ditch the IT plumbing work and have their Technology teams engaged in their niche business. By focusing technical staff on creating unique branch experiences, alternative lending products, or a wholly-owned CUSO that helps their niche, these organizations can get to healthy growth rates and solid balance sheets through less conventional means.Finally, there are the Grit and Focus credit unions. These guys got dealt the worst hand.  They have challenging markets that don’t lend themselves to an innovative approach.  This group has the biggest opportunity to leverage cloud in my opinion.  Why? Well, this group has a forced focus – they have survived against all odds and stayed the course. They made the hard decision when they had to and closed a branch or killed off a service.  So, they have realized a key component of the billion dollar group.  Focus. The big boys know what they can be best at and what they can’t. Consequently, they surgically outsource things that don’t help them tackle their market better than a competitor or don’t help them differentiate within their niche.  Focus is often much easier to define by what you won’t do then by what you will.So, if you want to reach $1B – cloud may be a great way to free up your limited resources to focus on Member Facing technology, data analytics, or innovating to create fierce loyalty with existing members while attracting new, targeted market segments.Do you have a strategy to get to the cloud? Do you know what you should move first? Do you have concerns about security in the cloud? If you have these or other questions contact us at info@ongoingoperations.com or visit www.ongoingoperations.com.last_img read more

Data in action: 5 ways credit unions can close the expectations gap

first_img 9SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr,Laura Costello Laura Costello is the Director of Marketing at Saylent, a fintech that interprets data so financial institutions can better understand their members and discover opportunities for growth. She joined in … Details Publisher’s Note: CUInsight is hosting a free webinar Wednesday, June 3 titled, Do Your Data Tools Support Your Members? The Time is Now. We hope you’ll join us! Register here.For years, credit unions have prioritized how to use their data to create more meaningful relationships with their members. By paying attention to the story the data tells, they’re ready to respond to members’ needs — sometimes before the member even recognizes those needs —creating mutually profitable, lasting relationships that people value.That is no different in the world we find ourselves living in now, even if we find ourselves looking at members’ needs through a bit of a different lens.Here are five action steps to build a better member experience and bridge the expectations gap:Build (Even More) TrustWhile members trust that their credit union will keep their money safe, they may not always believe that their credit union truly understands who they are: their challenges, their goals, and unexpected changes that leave them unsure of the best next step.  By looking at your member data and acting quickly on key indicators of potential need, you can build even stronger trust and long-lasting relationshipsAnticipateAnticipating member needs sends a message loud and clear – you know them, understand their needs and are there to help. Does the data tell you they are going to need a mortgage, or they are overlooking an opportunity that might be very handy at this particular time in their lives?  Maybe they are sending kids to college and some re-fi information would be useful. Or they find themselves unexpectedly unemployed and are having challenges paying their monthly bills for the first time. Their need for solutions is as unique as their lives.In the same way that online merchants can follow patterns to know when you’ll want more pet food, prescription refills or other timely, but less obvious needs, you have the data to follow member life patterns, recognize needs in advance and proactively step forward to offer a solution. Advice, not a sales pitch.  Anticipating their needs with thoughtful guidance to genuinely help solve problems can change the whole dynamic of the relationship, allowing you to be a friend, not just a service or vendor.GrowIn today’s competitive environment, if you are not growing your member relationships, you are at risk of losing them. And in the current environment where many consumers are not ready to make changes to existing relationships, there is a great opportunity to grow these relationships by acting on the data you already have.For example, rather than simply promoting the benefits of online and mobile banking on your website, target members who have never used digital banking tools with a communication that incents them to try bill pay for the first time. Promote the benefits of contactless cards and digital wallets to reinforce additional options for shopping safely while social distancing. Or reach out to members who have inactive cards with a push to activate their cards and begin using them for point-of-sale purchases.ChangeWhile everyone is looking to figure out the right solution for their institutions, we are learning together that even though there is no one-size-fits-all solution – we all need to pivot from what we had planned at the start of 2020. Many credit unions who have moved quickly are proving that there are ways to stay in front of your members without appearing tone-deaf to what the world is experiencing – and help your community at the same time.While we may have had to shift from the goals and plans we had in place earlier in the year, credit unions have always been known to be strong supporters of their communities and their members no matter what the situation. Tracking changes in trends and behaviors and supporting struggling members through the impacts of the pandemic will build even stronger trust and relationships in your market. To provide an even more personalized support system for your members, further analyze the data about those impacted to offer alternative products or solutions that can offer relief in their unique situations, while allowing you to continue to communicate with them. Even if it is in a different way than you had planned.ActUnderstanding the data and extracting insights is essential, but nothing happens without action – which is a more common issue than you might think. The real key to meeting member expectations is to act on the data, every day, interpreting it at the speed and scale of today’s non-stop changing world.  By being immersed in the flow of data, you can take advantage of existing tools to grow relationships with your existing members – rather than just focusing on adding new accounts.The opportunities to become more relevant in your members’ lives – and fill the expectations gap – are more available than ever before. And while shifting to a more data-centric approach is a big change that needs the whole organization’s buy-in, the new and unprecedented challenges we are all facing shows that there has never been a more important time for us to use our data to better understand and support our members.Don’t forget to join CUInsight for our free webinar titled Do Your Data Tools Support Your Members? The Time is Now, on Wednesday, June 3. Register yourself and a colleague here.last_img read more

Everything is connected: Seeing financial health in 3D

first_img ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr Igniting passion and knowledge around financial health and well-being is one of the three pillars of the Foundation. As a sponsor of the recent EMERGE Conference from the Financial Health Network, the Foundation is proud to share some of the key topics of discussion in visual form to help inform credit unions of the important topics surrounding financial well-being.The Foundation understands that financial health and well-being is a journey and that everyone is starting at a different place.  While there are a lot of definitions about what financial health means, from the Foundation’s perspective, we use the term financial health & well-being to fully encompass both what folks do with their money and how they feelabout their money.Research has shown us that everything people do is interconnected and if one aspect of life is affected, such as the loss of a job or a health crisis, it can have a domino effect on other areas of their life. As you can see in the graphic above, determinants of financial health are more than just the contents of your wallet and checking account, but your background education, your access to healthcare and transportation and more. Meeting members where they are in their financial well-being journey is essential to understanding how to best serve them and what outside factors may be affecting their health. continue reading »last_img read more

Global gratitude

first_imgWorldwide, credit unions have stepped up in the face of COVID-19. In my role with the Worldwide Foundation for Credit Unions, I’m blessed to be connected to a network of global peers who continually share stories of support, perseverance and hope that contribute to maintaining member well-being during an unprecedented time of conflict for us all. As 2020 ends and we continue to confront COVID-19, taking a step back and expressing gratitude is an easy way for each of us to stay optimistic while helping others feel good. During November, the Foundation is looking back and giving “global gratitude” to those who have helped us advance our movement worldwide, especially during our global crisis. Below are snapshots of just a few of our special global champions who, through their generous support, have gone the extra mile or thought outside the box to raise awareness, provide support and stay engaged in helping to grow the international credit union movement through the Worldwide Foundation.The Houston-based $282-million credit union, led by CEO Cameron Dickey, is mighty in their approach to supporting our global peers. Cameron himself has participated in numerous field engagements to Africa, understanding the challenges facing African SACCOs while volunteering at a local orphanage, giving a piece of himself to the children and staff. Cy-Fair generously gave a percentage of their member e-statement conversion fee to support the growth of World Council’s financial inclusion programs in Latin and South America.Our Global Good Card credit card product was born because of Summit. Kim Sponem, Summit’s CEO, championed the concept of inviting credit union members to help provide financial inclusion to underserved communities worldwide. Summit not only was the Foundation’s first adopter of the program, which has provided more than $100,000 toward global credit union growth since 2017, they also created program collateral and served as advocates to other credit unions interested in integrating the program. Annually, the Cornerstone League invites our staff to share global updates with its International Relations committee and leverages their annual meeting as a forum to answer the question, “Why should global credit union development matter?” This connectivity has engaged the League’s credit union members in forming Global Women’s Leadership Network Sister Societies and connecting the World Council Young Credit Union Professionals Program (WYCUP) with the Cornerstone young professionals’ program, as both programs are key portals to connecting global credit union work to a wider audience. Without the support of Cy-Fair FCU, Summit Credit Union, the Cornerstone League and our countless other global champions, our movement on a global scale is weakened and susceptible to erosion from a myriad of challenges it faces. A question I always ask is, “What would our world look like without credit unions?” It is easy for other credit unions around the world to be out of sight, out of mind, especially during the COVID-19 pandemic. The differences in challenges between credit unions worldwide are not as large as many might think. I encourage you to engage globally—in whatever format that may take for you individually and within your institution. The Worldwide Foundation can be your global portal to new insights, perspectives and transformational change for those you are helping and yourself as well. Start your journey at DoGlobalGood.org and join us to eliminate inclusion gaps everywhere using credit unions.The Worldwide Foundation is the World Council’s charitable arm that offers an engagement portal to the entire industry that helps advance credit unions worldwide, their cooperative principles and transform lives everywhere. 1SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr,Mike Reuter Mike Reuter is the Executive Director of the Worldwide Foundation for Credit Unions, the 501c3 charitable nonprofit that supports the World Council of Credit Unions in its mission of providing … Web: https://www.woccu.org Detailslast_img read more

Carlisle 3 – 2 Newport

first_imgThe Cumbrians will know that it could have been much more comfortable had Gavin Reilly finished one of the two clear-cut chances he had.A save from Paul Farman from a Devitt volley came on the blast of the final whistle as Carlisle returned to winning ways. – Advertisement – Carlisle midfielder Jon Mellish took his personal tally to eight for the season as he helped his side bring an end to Newport’s five-game unbeaten run with a 3-2 victory at Brunton Park.His stunning second-half finishing masterclass earned him a brace and added to a crisp first-half penalty finish from Lewis Alessandra.- Advertisement –center_img But the Cumbrians were made to sweat following a barnstorming finish from the Exiles.They bagged a late goal through former Carlisle man Jamie Devitt and gave themselves hope deep into time added on when Josh Sheehan popped a second into the net.But it turned out to be too little too late as Michael Flynn’s out-of-sorts side were left to wonder where it had all gone wrong through the early stages of the game.- Advertisement –last_img read more

Silver lining

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Talking the same language

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Hyperdynamics to start drilling operations offshore Guinea

first_imgPacific Drilling-owned drillship Pacific Scirocco has entered Guinea shelf waters and is starting drilling operations for the independent exploration company Hyperdynamics. Worth noting, by the start of drilling operations, Hyperdynamics does not mean the actual spudding, but the drillship preparations in general.According to Hyperdynamics’ statement on Wednesday, the drillship entered the waters on Sunday, May 21.Last week, Hyperdynamics’ subsidiary SCS Corporation and Pacific Drilling made effective an amendment to the drilling contract with a subsidiary of Pacific Drilling for the use of the Pacific Scirocco for mobilization for petroleum operations.The amendment stipulates the rates and timing related to installing on the rig some drilling-related equipment, stocking up materials and supplies for the subsequent spudding of the Fatala 1 well.Hyperdynamics initially hired the Pacific Bora drillship for operations off Guinea but later swapped it for Scirocco.Hyperdynamics President and Chief Executive Officer, Ray Leonard, said: “We are very pleased that the rig has arrived in Guinea and has commenced drilling operations as provided by the Third Amendment to the PSC and look forward to drilling the Fatala prospect as soon as the rig gets on board additional equipment and supplies.”About a month ago, Hyperdynamics and its project partner SAPETRO received notice of a Presidential Decree signed by the President of Guinea implementing the third amendment to its Production Sharing Contract that was signed on April 12, 2017, by the partners and representatives of the government.The third amendment approves the assignment of 50% of SCS’ participating interest in the Guinea concession to SAPETRO, and it confirms the two companies’ rights to explore for oil and gas on a 5,000-square-kilometer block offshore Guinea.Offshore Energy Today Stafflast_img read more