Aparajit Pandey

Shipping Decarbonization and Green Hydrogen Hubs at RMI | Deus nolens exitus

[Aparajit Pandey @AparajitP]

Green corridors offer a solution to enable the global transition to zero-emission shipping. Learn more in my latest piece for @wef https://t.co/ATmg0iVCDC #GreenShippingCorridors #ETC_energy #GettingtoZeroCoalition

[claire de lune @ClaireMPLS]

*pusha t voice*

[Aparajit Pandey @AparajitP]

@gnievchenko Bout tree fiddy

[MajorDeuce @Three_eyedraven]

@BillSimmons Steph said:

[Sahib Singh @sahibcantsingh]

our new king has been chosen

[Willie Muse @Williesillie2]

Americans in November

[Mohammed Siraj @mdsirajofficial]

Thank you almighty Allah 🤲🤲

[Aparajit Pandey @AparajitP]

Amazing. Couldn’t happen to a worse bank as well. Wells Fargo was my bank when I was in the States and they were the worst. Overcharge fees, all sorts of late penalties, and assorted other BS. Hope for nothing but the worst for them.

[Sheel Mohnot @pitdesi]

Wowwwww
Everyone in fintech has been saying that the Bilt credit card ($3.1B valuation) is too good to be true; How can you get cash back on rent payments?

Turns out they have an unsustainable deal with Wells that is losing the bank hundreds of $millions. Wells made a number of incorrect assumptions in their underwriting.

They assumed that it would be a top of wallet card for renters who carry balances. Instead, a lot of savvy consumers (myself included) use the bank for the minimum required to collect the rental points.

Wells assumed that 65% of card-purchase volume would be non-rent, generating interchange-fee revenue.
The reality is inverted... most of the volume is rent payments on which they don't earn much.

Wells also assumed that 50-75% of the balances would be revolving, earning them interest. The reality is they mostly have cardholders like me who don't carry a balance - only 15-25% are revolving.

Wells is paying 0.8% to Bilt on rent payments, even though the bank doesn't get interchange on them. Wells has a massive mortgage business and thought that they'd be able to cross-sell mortgages when the renters become homeowners but that hasn't panned out.

Kudos to Bilt for negotiating a killer contract that doesn't expire until 2029... but I wonder what the future looks like after that. Wells says they won't renew it as-is.

In the meantime - it's a great card... pay your rent via the card and make 5 other transactions a month to get 1% back on your rent.

[Sheel Mohnot @pitdesi]

Wowwwww
Everyone in fintech has been saying that the Bilt credit card ($3.1B valuation) is too good to be true; How can you get cash back on rent payments?

Turns out they have an unsustainable deal with Wells that is losing the bank hundreds of $millions. Wells made a number of incorrect assumptions in their underwriting.

They assumed that it would be a top of wallet card for renters who carry balances. Instead, a lot of savvy consumers (myself included) use the bank for the minimum required to collect the rental points.

Wells assumed that 65% of card-purchase volume would be non-rent, generating interchange-fee revenue.
The reality is inverted... most of the volume is rent payments on which they don't earn much.

Wells also assumed that 50-75% of the balances would be revolving, earning them interest. The reality is they mostly have cardholders like me who don't carry a balance - only 15-25% are revolving.

Wells is paying 0.8% to Bilt on rent payments, even though the bank doesn't get interchange on them. Wells has a massive mortgage business and thought that they'd be able to cross-sell mortgages when the renters become homeowners but that hasn't panned out.

Kudos to Bilt for negotiating a killer contract that doesn't expire until 2029... but I wonder what the future looks like after that. Wells says they won't renew it as-is.

In the meantime - it's a great card... pay your rent via the card and make 5 other transactions a month to get 1% back on your rent.

[robert @rfhirschfeld]

"Ethanol is just comically inefficient solar energy."
- @tomphilpott

https://t.co/yr6P7ABzEq

[Gaurav Sabnis @gauravsabnis]

My 4 year old nephew grew taller in the last year whereas my 20 year old nephew is the same height lol.

[The Labour Party @UKLabour]

Wasn't Rishi Sunak meant to be good at maths? 🤔

NHS waiting lists are now higher than when he became Prime Minister. Fact.

#ITVDebate

[the Juice Media @thejuicemedia]

The Government™ has made an ad about the state of Democracy™, and it’s surprisingly honest and informative.

feat. 🇮🇳 🇬🇧 🇪🇺 🇺🇲 🇿🇦 🇮🇩 🇵🇰 🇮🇷 🇮🇱 🇷🇸 🇲🇽 🇻🇪 🇧🇾 🇷🇺 🇧🇬

[Energy Transitions Commission @ETC_energy]

Electrification has its own bottlenecks — literally, in the case of overcongested grids... And, despite advances in battery technology, there are still a number of sectors in which hydrogen remains the most viable decarbonisation option.

https://t.co/2dK9lnEBFA

[Shashi Tharoor @ShashiTharoor]

@INCKerala Yes, “mute” is too mild. Indifferent? Insincere? Hypocritical? Unprincipled? Mendacious?

[Consulting Comedy @consultingcmdy]

Intern who knows how to do complex financial models and draft client ready slides

[AukeHoekstra @AukeHoekstra]

Methanol and ammonia could replace oil for the global shipping industry. This report details how, including how ports can become first-movers.

Also great to see how this technology is going from "pie in the sky" to "how do we get there".

[RMI @RockyMtnInst]

Singapore Maritime Week has started! 🎉

We kicked off #SMW2024 with @glmforum and @MICleanEnergyRD to discuss our newest report exploring strategies that ports can take to supply #ZeroEmissions shipping fuels e-ammonia, e-methanol, and biomethanol. https://t.co/F1My8uevc6

[Brian Bartholomew @BPBartholomew]

Grid operators when you ask to interconnect a new project