Tesla proposes microgrids with solar and batteries to power Greek islands

2120x1192-kiuc-powerpack-high-1

Tesla has met with the Greek government to propose ways to modernize the electric grid of the country’s many islands in the Mediterranean sea with microgrids and renewable energy to reduce their dependence on fossil fuels.

Several Greek islands are relatively remote and rely heavily on fossil fuels to power their electric grid.

Over the years, Tesla has acquired some experience in building microgrids to power remote islands using solar panels and its energy storage systems, like the Powerpack.

Continue reading… “Tesla proposes microgrids with solar and batteries to power Greek islands”

0

Ikaria, the island where people forget to die

Ikaria

Stamatis Moraitis, a Greek war veteran, came to the United States in 1943 for treatment of a combat-mangled arm.  He’d survived a gunshot wound, escaped to Turkey and eventually talked his way onto the Queen Elizabeth, then serving as a troopship, to cross the Atlantic. Moraitis settled in Port Jefferson, N.Y., an enclave of countrymen from his native island, Ikaria. He quickly landed a job doing manual labor. Later, he moved to Boynton Beach, Fla. Along the way, Moraitis married a Greek-American woman, had three children and bought a three-bedroom house and a 1951 Chevrolet.

 

 

Continue reading… “Ikaria, the island where people forget to die”

0

Financial Crisis in Greece Goes Global, From Asia to the U.S.

ripple

“Greece may just be an early warning signal,” said Byron Wien, a Wall Street strategist.

The fear that began in Athens, raced through Europe and finally shook the stock market in the United States is now affecting the broader global economy, from the ability of Asian corporations to raise money to the outlook for money-market funds where American savers park their cash.

 

Continue reading… “Financial Crisis in Greece Goes Global, From Asia to the U.S.”

0

Wealthy Greeks Drive Up London’s Luxury Home Prices in ‘Safe Haven’ Buying

greece1_1629859c

London’s Knightsbridge area is one of those that has attracted Greek buyers.

The U.K. has a record budget deficit, weak economic growth and may soon face a hung parliament. For wealthy Greeks, it’s a safe haven.   Greek buyers now account for 6 percent of all purchases of London properties costing more than 2 million pounds ($3 million), double the average of the past three years, as they try to protect their assets from the country’s debt crisis, London-based Knight Frank said in an e-mailed statement today.

 

Continue reading… “Wealthy Greeks Drive Up London’s Luxury Home Prices in ‘Safe Haven’ Buying”

0