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A space program that never leaves Earth

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GOTHENBURG, Sweden, March 27, 2025 /PRNewswire/ — While others race to the moon and back, the Faroe Islands space program takes a bold new step in space exploration-without ever leaving Earth. One of the largest bearing manufacturers SKF, and ocean energy developer Minesto are launching a space program to harness the Moon’s energy by leveraging the power of the tides. This space program aims to utilize the resources we already have right here on Earth.

“Imagine a future powered by the tides of the Moon. This unique project dares to dream big and is exploring the potential of renewable tidal energy. At SKF we are proud to be a part of this down-to-earth project that aligns with our values and our ambition to create a more sustainable world,” says Annika Ölme, CTO & SVP, Technology Development, SKF.

Over the past year, SKF and Minesto have been pioneering tidal energy using tidal kites in the Atlantic Sea outside the Faroe Islands. The mission is to harness the Moon’s power for predictable and renewable energy. After its successful launch into the ocean, the tidal kite called LUNA is flying underwater, invisibly and silently harvesting energy from the Moon – no matter the weather. Today, only a few of the countries with favorable tidal current conditions are beginning to utilize the full potential of moon generated energy – the most predictable renewable energy source on the globe.

“For us, as a tech development company to work with a global industrial company such as SKF is both a learning experience and an inspiration,” says Martin Edlund, CEO of Minesto. “We estimate there are at least 3000 more “Faroe Islands” out there qualifying for our space program – if they all join, moon energy could replace all coal power capacity currently under development globally.”

The established tidal energy facility – a moon energy base – will kick off the Faroe Islands Space Program, firmly grounded on Earth. The kite Luna has a rated power of 1.2 MW, enough to power 200 villas with electricity for one year. The next goal is to implement a new 200 MW tidal energy facility. This could meet 40% of the expected electricity needs in 2030, providing green electricity to the small, remote island nation’s 50,000 people and 70,000 sheep. Unlocking the power of the tides is a joint work together with power company Sev:

“Our vision is to reach 100% renewable electricity generation by 2030 and we believe that tidal power may prove to become a vital part of this journey,” says Hákun Djurhuus, CEO of the Faroese electricity company Sev.

SKF was brought on board to design the bearing and sealing systems for the rudders and elevators of the kites. The SKF software system calculates, for example, bearing rating life and estimates CO2 emissions, which makes it possible to compare different solutions not only from a technical perspective but also from a sustainability point of view.

“Collaboration across industries is essential for progress. Together with Minesto, we are demonstrating how technology and innovation can drive the transition to renewable energy,” says Annika Ölme, CTO & SVP, Technology Development, SKF.

By framing it as a space program (that never leaves earth), the partners aim to emphasize the importance of exploring how we can harness the Moon’s energy to generate renewable energy through tidal forces—amidst a new space race where many are discussing the potential of extracting resources from space and other planets.

Short facts tidal and ocean energy:

According to the International Energy Agency, 80 % of global electricity currently comes from fossil fuels.By 2050, ocean energy could potentially provide a substantial portion of the energy mix. Ocean energy is local, renewable and tides are predictable, which makes it the perfect partner to more established renewables like wind and solar.Ocean energy Europe estimates that ocean energy can provide 10% of Europe’s electricity and create 400.000 skilled jobs by 2050.

Source:

World Energy Outlook 2024 

Ocean energy – European Commission

Minesto | Ocean energy

Dashboard – Global Energy Monitor  “610 GW Coal Power Capacity Under Development”

Disclaimers 

The mission of the Faroe Islands energy company SEV, to reach 100% renewable energy by 2030, is not indicative of the displayed product’s full supply chain impact.

Calculated on an example villa with an energy consumption of 17.000 kWh/year. For average consumption data, please refer to country- specific sources such as Vattenfall

Aktiebolaget SKF

      (publ)

For further information, please contact:

Press Relations: Press Relations: Sian How, +447970 737470; sian.how@skf.com 
Karin Markhede, +46 70 758 87 30; karin.markhede@skf.com 

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/skf/r/a-space-program-that-never-leaves-earth,c4124396

The following files are available for download:

https://news.cision.com/skf/i/skf-fisp-press-image-kite-launch-16×9,c3391154

SKF FISP Press Image Kite launch 16×9

https://news.cision.com/skf/i/skf-fisp-press-image-kite-night-16×9,c3391158

SKF FISP Press image Kite night 16×9

https://mb.cision.com/Public/637/4124396/b3a6f6438953e925.pdf

About The Faroe Islands Space Program Fact sheet

https://mb.cision.com/Public/637/4124396/b8aa410e2aaf474a.pdf

Annika Ölme – Profile

https://news.cision.com/skf/i/skf-annika-olme-cto,c3391152

SKF Annika Ölme CTO

https://news.cision.com/skf/i/skf-fisp-press-image-cliff-ocean-16×9,c3391153

SKF FISP Press image Cliff Ocean 16×9

https://news.cision.com/skf/i/skf-fisp-press-image-tides-16×9,c3391156

SKF FISP press image Tides 16×9

https://news.cision.com/skf/i/skf-fisp-press-image-employees-group-16×9,c3391157

SKF FISP press image Employees Group 16×9

https://news.cision.com/skf/i/skf-fisp-press-image-kite-info-16×9,c3391159

SKF FISP press image Kite info 16×9

https://news.cision.com/skf/i/skf-fisp-press-image-employees-16×9,c3391160

SKF FISP press image Employees 16×9

https://news.cision.com/skf/i/minesto-chief-executive-officer—martin-edlund,c3391161

Minesto Chief Executive Officer – Martin Edlund

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Miami Startup BOB Raises $5.5M To Build An AI-Powered Banking Platform

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The Miami-based company is building the most useful small business finance agent and banking platform in the world, with participation from Codie Sanchez, Mark Pincus,  and others.

MIAMI, Oct. 23, 2026 /PRNewswire/ — BOB AI Holdings Corp. (“BOB”), the AI finance employee for small business, today announced it has raised $5.5 million in seed funding. The round was led by Mischief (founder of Plaid, Zak Perret), with funding from Peter Thiel and participation from Codie Sanchez, Mark Pincus, Karman Ventures, and a group of additional investors and operators. BOB will use the capital to expand its product, grow its team in Miami, and bring a free AI finance agent to more of the small business owners who keep the American economy running.

The seed round brings together investors who share a conviction that small businesses deserve the same caliber finance department g that large companies take for granted. Mischief led the round, and Peter Thiel joined as a backer alongside Codie Sanchez, the investor and operator known for championing Main Street business ownership.

The funding follows BOB’s private beta launch in September 2026 and will support three priorities: deepening the product’s financial capabilities, scaling customer onboarding, and growing BOB’s team in Miami.

BOB is an AI finance employee that works alongside small business owners to handle the annoying but necessary financial work that usually eats their nights and weekends. Owners talk to BOB the way they would talk to a trusted bookkeeper or CFO, over WhatsApp, text message, Slack, Microsoft Teams, email, or the BOB app. BOB keeps the books, sends invoices, accepts payments, holds funds in a deposit account, and helps owners see where their cash is headed so they can make decisions with confidence.

BOB’s long-term goal is to be the most useful banking product in the world, and a banking product specifically built for this new world of AI agents, robots, and drones. But they are getting started by building the most useful and safe financial agent for small business owners. And instead of handing owners another dashboard to learn, BOB just does the work for them and communicates in plain language.

BOB’s wedge has been particularly effective because the company is laser-focused on small business owners who have largely been underserved by the wave of financial technology built over the last five to ten years. Many of those products were designed for the general market or for enterprise finance teams, and they assume the owner has time, training, or staff to run them. BOB starts from the opposite assumption. The owner of a roofing company, a restaurant, or a local services firm should be able to get real financial help without hiring a department to get it.

“Small business owners have been an afterthought for most of the financial technology built over the last decade,” said Adam Wininger, CEO of BOB. “They are running the business, doing the work, and then staying up late trying to make sense of their books. We built BOB to take that work off their plate entirely. Our goal is simple: to be the most useful banking platform in the world, and this funding lets us put our free CFO agent, BOB, in the hands of many more owners.”

“We invest in infrastructure that becomes indispensable, and a financial layer for autonomous agents is one of the clearest examples we’ve seen,” said Dustin Moring, General Partner at Mischief. “BOB is attacking an immense market at the exact moment AI is moving from advising on transactions to executing them. We’re proud to lead this round and back Adam and the team as they build the foundation agent banking will run on.”

About BOB

BOB AI Holdings Corp. is a Miami-based company building BOB, the AI finance employee and banking platform for small business. BOB handles bookkeeping, invoicing, payments, and cash flow for small business owners through the channels they already use, including WhatsApp, text message, Slack, and Microsoft Teams. BOB’s mission is to build the world’s most useful banking product in the world. Learn more at joinbob.ai. Disclaimer: BOB AI Holdings Corp is a financial technology company, not a bank.

Media contact

Joel Strauss – joel@strausscomms.com 

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SOURCE BOB AI Holdings Corp

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Union Home Mortgage unveils AI and automation advancements during 2026 Annual Partner Celebration

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The mortgage lender continues to make major technology investments going into 2027

STRONGSVILLE, Ohio, Oct. 23, 2026 /PRNewswire/ — Union Home Mortgage (UHM), a high-growth independent mortgage banking company with a world-class culture, recently unveiled an array of AI and automation-driven technological achievements during the company’s 2026 Annual Partner Celebration held Oct. 16-17 in Cleveland, Ohio. This world-class event brought over 850 UHM employees, known internally as Partners, together to highlight the lender’s year-to-date business results, set goals to multiply business success, and foster connection between colleagues. Most notably, technology took center stage, highlighting advancements made in 2026 and a sneak peek at what is coming next.

Attendees were given an inside look at the next phase of technology shaping the business, with demonstrations of both newly implemented tools and future-focused prototypes. These innovations, ranging from conversational voice agents for enhanced customer support to the elimination of tedious manual document review, showcased the transformative potential of technology and underscored the lender’s ongoing investment in smarter, more efficient workflows.

“What makes this event so meaningful is the chance to celebrate our Partners and the impact they have on our business and culture,” said Bill Cosgrove, CEO of Union Home Mortgage. “By creating opportunities for open dialogue and idea-sharing, we’re able to strengthen our culture and identify new ways to move our business forward. As we look ahead to 2027, we remain focused on our 3X initiative, empowering our Partners with the resources, technology, and support they need to achieve more while continuing to deliver a world-class experience for our borrowers. Technology will be the key to UHM’s future, and I can’t wait to see what new solutions are developed in time for our next Annual Partner Celebration.”

While this year’s Annual Partner Celebration was heavily focused on technology, the event also featured senior leadership across all departments and business channels taking the stage to share updates on critical areas such as sales performance, servicing, benefits, employee recognition, and more. UHM Partners also took part in a panel discussion and Q&A with CEO Bill Cosgrove and Sr. Vice President of Business Development Al Blank. In addition to those attending in-person, the rest of the mortgage lender’s 2,300 Partners streamed the event virtually across the country. Following the event, attendees were invited to attend a celebratory carnival featuring casino-style games, a golf simulator, Family Feud, a custom t-shirt press, and more – earning raffle tickets to win high-value prizes. The lender also raffled off tickets to the MLB American League Championship Series being played at Progressive Field, as Union Home Mortgage is the Official Mortgage Partner of both teams that played in the series – the Tampa Bay Rays and the Cleveland Guardians.

Throughout the week, Partners also attended individualized leadership summits specific to their department or role within the company, as well as a Hard Stops Summit aimed at examining existing hard stops in the loan process to streamline operational efficiency.

Internal loan officer coaching program Partners Coaching Partners (PCP), which pairs each participating loan officer with a high-performing mentor and an accountability partner at their production level, also held their Fall PCP Impact event on October 14-15. The group aims to equip members with the skills and knowledge to increase productivity, generate leads, finetune the origination process, improve teambuilding, and increase profit margins. Next year, the PCP program will celebrate its twentieth consecutive PCP Impact event, cementing its status as a pillar of Partner development at UHM.

About Union Home Mortgage
Union Home Mortgage Corp. (UHM) is a high-growth, full-service retail, wholesale, and consumer direct independent mortgage banking company with branches across the U.S. in 49 states + D.C. UHM is an in-house loan servicer offering world-class customer service through high touch communication & technology. A privately held family business, with a collaborative culture that stands out in the mortgage industry, UHM Partners (employees) are guided by a Code of Conduct that emphasizes respect, open communication, and accountability. All these principles translate to industry-leading customer retention and satisfaction. Some honors include being a Six-Year USA TODAY Top Workplace and a Twelve-Year Northeast Ohio Top Workplace. Learn more at www.uhm.com.

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SOURCE Union Home Mortgage

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Pew Funds 4 Biomedical Research Partnerships in Latin America

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Scientists will team up on interdisciplinary explorations

WASHINGTON, Oct. 23, 2026 /PRNewswire/ — The Pew Charitable Trusts announced today that four pairs of researchers from Latin America will receive funding to pursue collaborative biomedical research projects.

These eight esteemed scientists, all independent investigators in Latin America, will team up on interdisciplinary explorations that span plant biology, genetics, immunology, and more. Recipients will receive a combined $180,000 per pair—$90,000 annually over two years.

The Partnership Award was created to help advance scientific collaboration and networking among the biomedical research community in Latin America. Recipients include four alumni of Pew’s Latin American Fellows Program in the Biomedical Sciences, which has funded nearly 350 scientists from across the region since 1991. The Partnership awards were made possible by a grant from Biohub.

“Pew is proud to support these exceptional scientists from Argentina, Brazil, and Chile,” said Donna Frisby-Greenwood, Pew’s senior vice president for Philadelphia and scientific advancement. “Their creative ideas and pioneering approaches will undoubtedly lead to important discoveries that advance biomedical research across Latin America and the world.”

Recipients of this year’s Partnership Award are:

Luis F. Larrondo, Ph.D., Pontificia Universidad Católica de Chile, 2004 Pew Latin American Fellow

Gerardo Cárcamo-Oyarce, Ph.D., Pontificia Universidad Católica de Chile

Larrondo and Cárcamo-Oyarce will establish a new, light-based platform for studying the formation of biofilms by the bacterium Pseudomonas aeruginosa.

Priscilla Olsen, Ph.D., Universidade Federal do Rio de Janeiro (UFRJ), 2016 Pew Latin American Fellow

Beatriz Patricio, Ph.D., Universidade Federal do Estado do Rio de Janeiro (UNIRIO)

Olsen and Patricio will develop and test a new strategy to overcome antimicrobial drug resistance.

Paulo José P. L. Teixeira, Ph.D., Universidade de São Paulo, Escola Superior de Agricultura Luiz de Queiroz, 2013 Pew Latin American Fellow

Antonio Camargo, Ph.D., Universidade de São Paulo

Teixeira and Camargo will examine plant immune receptor specificity.

Marcelo Yanovsky, Ph.D., Fundación Instituto Leloir – CONICET, 2000 Pew Latin American Fellow

Esteban Beckwith, Ph.D., Instituto de Investigación en Biomedicina de Buenos Aires – CONICET – Partner Institute of the Max Plank Society

Yanovsky and Beckwith will study how organisms regulate gene expression in response to environmental stress.

Founded in 1948, The Pew Charitable Trusts uses data to make a difference. Pew addresses the challenges of a changing world by illuminating issues, creating common ground, and advancing ambitious projects that lead to tangible progress. Learn more at pew.org.

Press contact: Liz Lowe, 215-575-4812, elowe@pewtrusts.org

https://www.pew.org/en/about/news-room/press-releases-and-statements/2026/10/22/pew-funds-4-biomedical-research-partnerships-in-latin-america

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SOURCE The Pew Charitable Trusts

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