4.4 • 1.4K Ratings
🗓️ 13 October 2023
⏱️ 25 minutes
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0:00.0 | The Wheel. A big idea that's inspired countless new ones. From the more strong carriage. |
0:05.7 | To a rover on Mars. |
0:07.4 | 30 years ago, State Street launched the Spider S&P 500 ETF Spy. A big idea that inspired |
0:13.7 | the world to invest differently. And still less, what can you do with Spy? |
0:17.8 | Before investing, consider the funds investment objectives, risks, |
0:20.1 | charges, and expenses. Visit SSGA.com for a perspective containing this and other information. |
0:23.6 | Read it carefully before investing. Spy is subject to risks similar to those of stocks. |
0:26.4 | All ETFs are subject to risk, including possible loss of principle, |
0:28.7 | Alps Distributors and Distributors. |
0:32.7 | If you think of the state of Nevada, you might think Las Vegas, |
0:36.8 | Sin City, but 500 miles from Vegas in the northwest corner of the state, |
0:41.6 | it's not so much casinos and neon lights, but more mountains and wide open desert. |
0:48.3 | And while in Vegas, you might be looking for a hot hand in poker, |
0:51.5 | here they specialize in hot rocks. |
0:54.8 | The reason we chose Nevada was really because of its unique geology. |
1:00.5 | That's Sarah Jewett, the VP of Strategy for Furvo Energy, a startup that's working on geothermal power. |
1:07.7 | It was those hot rocks underfoot that brought Furvo to Nevada to do an experiment, |
1:12.4 | trying a new technique for generating geothermal electricity. Furvo called it project red. |
1:18.4 | I think project red was really an opportunity for us to show |
1:23.4 | that all of the science and all of the math that we put into this process, |
1:27.8 | which really had never been used in geothermal energy before, |
1:31.9 | was really applicable for geothermal development. |
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