Utilities infrastructure provider GTC has signed a deal for the provision of gas, electricity and fibre networks to a Bovis Homes development in Wellingborough, Northamptonshire. Stanton Cross is a £900m development of 3,650 homes and 144,000 m2 of commercial space. GTC will make the electricity connection from the primary substation which is expected to serve all the planned homes and commercial properties. To provide for potential further homes should they go ahead, GTC will also install a second duct to allow for the installation of a new, GTC-owned, primary substation on site. Every home will have fibre optic cabling, with unlimited download and upload speeds, and will not need a satellite dish or television aerial. GTC will install a fibre integrated reception system (FIRS), which means that satellite and digital television can be received via a community dish and aerial, with the television signal transmitted by the fibre-to-the-home network Bovis Homes Group land director John Lougher said:  “Technology plays an increasingly important role in our lives, especially in our homes and businesses where high-speed fibre and a super-fast Internet connection is in such demand. We are delighted that future businesses and residents of Stanton Cross will benefit from this very latest technology by GTC.”     This article was published on 12 Jul 2016 (last updated on 12 Jul 2016). Source link

©AP The strain on oil and gas producer balance sheets pushed two companies into default over the past three days as the recent stabilisation in crude prices fails to staunch energy failures. Bankruptcy protection filings from Ultra Petroleum and Midstates Petroleum Company on Friday and Saturday, respectively, have propelled the default rate for US junk-rated energy groups to its highest level on record. More On this topic IN Oil & Gas The defaults are the latest failures to strike an industry struggling with an oil price that has declined more than 60 per cent from a 2014 peak. Analysts with credit rating agency Fitch have tracked a surge in energy delinquencies over the past year, with the trailing default rate climbing to a record 13 per cent from less than 2 per cent a year ago. Fitch expects the default rate to reach 20 per cent by the end of the year. “This is not the end of the energy defaults,” Scott Roberts, co-head of high yield at Invesco, said. “There are a number of companies with capital structures that are not sustainable at $45 oil.” The two latest groups to default counted almost $6bn of debt between them and a combined cash position of $362m, according to the latest regulatory filings available. The bankruptcy filings come as banks conduct twice-yearly lending determinations, with investors braced for cuts to many revolving credit facilities. Economists with JPMorgan noted on Monday that banks have tightened lending standards for commercial and industrial loans, citing “deterioration in the energy sector” as a likely contributing factor. Separate figures tracked by Standard & Poor’s showed the overall high-yield default rate in the US climbed to 3.9 per cent at the end of April, its highest level since September 2010. Sharon Bonelli, an analyst with Fitch, said defaults had been “very concentrated” in commodity-linked industries, as companies adjust to the lower prices. The bounce in crude prices from January lows, when the international oil marker slipped to $27.10 a barrel, has confounded investors who warn a global slowdown could again weigh on commodities. The rise has also fuelled concern that shale producers may begin to pump oil again, potentially leaving the industry with so-called zombies — companies that operate with too much debt to adequately invest in the underlying business but can cover their interest payments. “If we stayed for a while at $30 a barrel, strategic bankruptcies would have accelerated,” Mr Roberts said. “That would have entailed companies filing for bankruptcy, saying ‘There’s no hope here. We need to restructure’. “But if we have this rapid appreciation in crude, you’ll end up with companies that should have restructured but that will muddle along with too much debt.” eric.platt@ft.com Twitter: @ericgplatt Copyright The Financial Times Limited 2016. You may share using our article tools. Please don’t cut articles from FT.com and redistribute by email or post to the web. Source link

Urbanisation is something that is now more or less natural in modern society. Cities are something that a large chunk of the population live in, work in or at least visit from time to time. Vincent Callebaut Architects, France, have been taking a stand in recent years to bring the modern city back to earthly roots, by implementing designs for a variety of high rise buildings that would redefine Paris as no longer just the City of Love, but a sustainable, green utopia. Despite the majority of people viewing Paris as a much desired place for tourism, one that casts beauty and grace in the form of the Eiffel Tower and homemade croissants, Paris has within it huge amounts of housing and density issues. The new city proposal is known as Paris Smart City 2050, and is devised from the idea that high rise buildings will utilise a variety of self-sustaining technologies, such as rain retention systems for irrigation, insulating bio-facades that create bio-fuel, and photo-sensitive electro-chemical shells that use sunlight to generate electricity. An architectural proposal unlike any other, the Smart City design consists of Phylolights, in which devices use wind turbines to provide lighting and energy across to other buildings. Every single one of the structures aims to be energy positive (BEPOS) certified which in turn, over time, will produce more energy than they are able to consumer, delivering huge positive impacts in the way of climate change and city sustainability. The most popular city in France could be getting a makeover in the way of environmental care any time, and if plans were to go ahead, the idea stands that an Eco-friendly city could be in motion by 2050. The new Paris will look like a sci-fi fantasy, through stacked vertical farms (farmscrapers) , honeycomb towers and green towers wrapped in bamboo mesh that hold orchards and vertical food gardens. Although plans have not been implemented into practise, they have been in discussion since 2015 and with climate change growing ever nearer irreversible damage, proposals such as Smart City at least offer acknowledgement that there are options in attempting to create sustainable, functional spaces, beneficial for both man and planet. Smart City aims to combat climate change with green designs that still maintain Paris’ rich, architectural past.

Technology has been revolutionising every aspect of modern life, and shows no signs of slowing down, with advancements being made every single day. The vast majority of industries have been, and are being, affected by technological advancements that bring sectors ever nearer the future. For the construction industry, continual updates and upgrades in the latest and greatest advancements mean some huge changes are on the way to how the industry functions and provides for clients. Here is a a list of 8 of the most futuristic technologies set to take over construction, and how they will change the industry as we know it: 3D Printed Houses: Printing houses via 3D services offer a glimpse at what the future of home building might look like. The process involves creating housing parts, both on and off site, which can be constructed together at a later date. Apis Cor of San Francisco, have been deemed the pioneers behind the project, after they proved the ability to create 3D print walls from concrete in a short space of time. The Printer itself resembles a small-scale crane and 3D printed houses offer an efficient solution to aid the homeless epidemic, provide spaces for those living in poverty, and bring hope to those who have lost their houses in natural disasters, such as earthquakes and tsunamis. Smart Roads: Smart Roads or Smart Highways are set to be the future of transport. They involve the use of IoT technology and rely on sensors in a bid to make driving not only safer, but more sustainable in terms of climate change impacts. The innovative technology can charge electric vehicles while they are moving, generate electricity to do so, and provide real-time information to drivers about changing weather conditions, potential traffic implications and parking suggestions. Self-heating Concrete: Currently millions are being invested in restoring, fixing and maintaining roads, buildings and bridges every year. Self-heating concrete however is less likely to crack, and therefore needs less frequent restoration, which could be valuable for the life span of a road or building, leading to millions of pounds being saved annually. Self-heating Concrete works by reactivating bacteria used when originally being mixed to excrete calcite, which can heal a crack when water enters the concrete, something that previously would have caused lasting damage. Transparent Aluminium: Almost as strong as steel, Transparent Aluminium actually looks like glass. This breakthrough technology aims to add a futuristic feel to buildings, but despite herculean strength, it is still fragile under certain circumstances. This creation looks as though it is fresh of a Star Trek episode and is set to bring some exciting features to modern builds. Vertical Cities: As land space becomes ever more sparse, Tetris inspired designs could be taking over, as vertical cities offer space saving solutions to preserve the land while continuing to offer housing solutions to the population. Smart Bricks: Similar to Lego, Smart Bricks are modular, high strength concrete creations that are thermal energy controlled and can be connected to form a variety of shapes that aim to cut construction costs massively. They are very easy to assemble into any shape required and offer space for insulation, electricity and plumbing. An easy way to construct a dream home. Pollution Fighting Buildings:   These remarkable innovations, also known as Vertical Forests, aim to tackle air pollution by providing cities with new approaches to urbanisation. Home to over 1,000 tress and 2.500 shrubs which absorb air pollution, the buildings can act as a filter that makes the air we breathe cleaner. This is cost effective in construction as the trees and shrubs are able to absorb carbon dioxide. Bamboo Cities: Bamboo cities use structures that interlock, creating a build that is stronger than steel and more resilient than concrete, yet remains completely sustainable. Modular structures are easy to apply to bamboo cities and they aim to offer refuge for Cities that are already overpopulated by creating homes in trees. These remarkable designs can withstand certain natural disasters such as earthquake tremors, due to the highly flexible nature of bamboo.