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16.06.26 - 15:06
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Aston Power Secures Funding from TDK Ventures and JLL to Accelerate the Growth of its Data Center Power Delivery Business (Business Wire)
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Backed by investors spanning energy, technology, infrastructure development, and commercial real estate, Aston's model reflects a growing shift in how large-scale power gets delivered
New funding totaling $20 million to scale operations and support growth driven by increasing power demand and growing grid constraints facing key energy-intensive industriesRALEIGH, N.C.--(BUSINESS WIRE)--Aston Power, a fast growing company that provides reliable, integrated large-scale power delivery to data centers, today has partnered with two of the largest companies in the AI physical infrastructure boom, TDK and JLL. As part of this partnership, the companies' corporate venture arms, TDK Ventures and JLL Spark Global Ventures made strategic equity investments. The deal, totaling $20 million in new funding, was led by TDK Ventures and Building Ventures with participation from JLL Spark Global Ventures, and others.
The investment comes as AI infrastructure's power demand outpaces the ability of traditional utility sys...
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15.06.26 - 19:36
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An absurd illustration of Britain′s housing problem | Letters (The Guardian)
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Readers respond to an article about what was once the UK's most expensive house, which has lain empty for yearsGrand properties lying empty when we're in the midst of a housing crisis is ludicrous. Sam Wollaston's article about a homeless person sleeping in the portico of a £200m palace, which used to be terrace houses, is the most apt and absurd illustration of the UK's housing problem (It was Britain's most expensive house. Why is its only resident a homeless man who lives on the porch?, 10 June).For a long time, my partner and I lived in the affluent town of Henley-on-Thames. There, behind the famous Leander club, sat a sizeable disused property. Most days I'd drive past it on my way to work and lament that the pigeon-filled building wasn't occupied. It took over a decade before it was knocked down and the area finally developed; presumably somebody owned it for all that time and sat on it for whatever reasons. Continue reading......
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29.05.26 - 10:48
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Japan Housing Starts Recover 11.4% In April (AFX)
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TOKYO (dpa-AFX) - Japan's housing starts grew notably in April, registering their first decline in six months, data from the Ministry of Land, Infrastructure, Transport, and Tourism showed on Frid......
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19.05.26 - 15:03
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Upstart Appoints Former Santander US CEO Tim Wennes to Its Board of Directors (Business Wire)
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SAN MATEO, Calif.--(BUSINESS WIRE)--Upstart (NASDAQ: UPST), the leading AI lending marketplace, today announced that Tim Wennes has been appointed to the company's Board of Directors, effective May 28, 2026.
“Tim brings decades of experience in every flavor of consumer lending, most notably auto,” said Paul Gu, CEO of Upstart. “His background is a perfect match for Upstart as we scale towards our ambition of having the best credit product for every segment of American consumers."
Wennes brings over 35 years of financial services experience to Upstart. He most recently served as President and CEO of Santander Holdings USA, including Santander Bank N.A., where he oversaw a diversified set of businesses with assets in excess of $200B and led a comprehensive digital and strategic transformation of the bank's US operations. Prior to Santander, he held executive leadership roles at MUFG Union Bank and Countrywide Bank. Wennes currently serves on the board of directors of Cushman & Wakefield Ltd. He...
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