Electric – Business News Updates https://newsdaily.business Mon, 23 Jan 2023 22:27:27 +0000 en hourly 1 https://wordpress.org/?v=6.4.3 https://newsdaily.business/wp-content/uploads/2021/02/cropped-handshake-hand-gesture-dollar-money-finance-coin_96px-32x32.png Electric - Business News Updates https://newsdaily.business 32 32 Power Capital Renewable Energy Secures EUR 240mn Financing Facility to Construct over 1.2 GW of Solar Assets https://newsdaily.business/2023/01/23/power-capital-renewable-energy-secures-eur-240mn-financing-facility-to-construct-over-1-2-gw-of-solar-assets/ https://newsdaily.business/2023/01/23/power-capital-renewable-energy-secures-eur-240mn-financing-facility-to-construct-over-1-2-gw-of-solar-assets/#respond Mon, 23 Jan 2023 22:27:27 +0000 https://newsdaily.business/2023/01/23/power-capital-renewable-energy-secures-eur-240mn-financing-facility-to-construct-over-1-2-gw-of-solar-assets/ Power Capital Renewable Energy, Ireland’s leading solar Independent Power Producer (IPP), announced the closing of an up to EUR 240 million construction equity facility with a consortium of lenders managed by Eiffel Investment Group including Belgian insurance company Ethias and the European Investment Bank. The facility will support the IPP’s plans to bring 1.2GW of […]]]>


Power Capital Renewable Energy, Ireland’s leading solar Independent Power Producer (IPP), announced the closing of an up to EUR 240 million construction equity facility with a consortium of lenders managed by Eiffel Investment Group including Belgian insurance company Ethias and the European Investment Bank.

The facility will support the IPP’s plans to bring 1.2GW of solar projects to operation by 2025. The facility has an initial tranche of EUR 100 million. Part of this initial tranche will be used to build assets benefitting from signed Power Purchase Agreements (PPAs) with Microsoft and another undisclosed technology company, with the remainder for assets having been awarded tariffs in the Irish RESS2 auction. A further EUR 100 million may be made available through an additional tranche to build more assets in Power Capital’s pipeline, while up to EUR 40 million may be made available for international expansion.

“This new European support for 1.2GW of solar power investment across Ireland is a vote of confidence for Irish renewables. It will enable solar electricity to replace fossil fuel usage to power Ireland on sunny days and contribute to our target of up to 5GW of solar energy by 2025,” Irish Minister for the Environment, Climate and Communications Eamon Ryan said.

Power Capital was acquired by Omnes Capital in 2020, who have since repositioned the Irish solar developer to become an IPP and the company is looking now to expand internationally. It has secured its reputation as Ireland’s leading IPP through securing a portfolio PPA with Microsoft, and one of the highest amounts of MW’s in the RESS-2 auctions for any Irish company. As Power Capital looks to construct their portfolio and expand overseas, the backing of Eiffel Investment Group, Ethias, and the EIB shows the confidence that leading private and public lenders have in their strategy and capabilities.

“The European Investment Bank is pleased to back one of the largest ever investments in solar energy in Ireland. This new initiative will strengthen domestic renewable power generation and cut carbon emissions and shows how European partners are supporting the energy transition,” Christian Kettel Thomsen, Vice President of the European Investment Bank, said.

“We are very excited about this partnership with Power Capital as we are convinced by the operational excellence of Power Capital’s team and its promising and diversified portfolio of projects. Providing financing for these Irish renewable energy projects is of absolute necessity to reach our common energy transition objectives in Europe,” Pierre-Antoine Machelon, Head of Infrastructure at Eiffel Investment Group, and Roman Londner, Vice-President in the Infrastructure team, added.

“It is fantastic to attract a club of such significant investors into the Irish solar sector. We have already commenced construction and expect 230MW to be completed by late this year across counties Cork, Wexford, Louth, and Meath. Having the support from Eiffel Investment Group, EIB and Ethias will allow us to rapidly expand our construction roll out over the next years,” Justin Brown and Peter Duff, Co-CEOs and Founders of Power Capital Renewable Energy, mentioned.

“This partnership will allow Power Capital to accelerate its transformation into Ireland’s leading solar IPP at a time when the country is signalling an increasing need for renewable energy. We are thrilled to have Eiffel Investment Group, the EIB and Ethias on board,” Michael Pollan, Managing Partner at Omnes, noted.

“In line with our ESG engagement and after having recently joined the Science Based Targets Initiative, Ethias is pursuing with this new investment its support to the energy transition. It fits perfectly with our strategy to reposition our investment portfolio into less carbon intensive sectors, while obtaining geographic diversification next to our core direct investments in Belgium. We believe Power Capital management has demonstrated so far excellent implementation in its goal to become Ireland’s largest solar power provider, which has convinced us to join historical Tier-1 financial partners such as Omnes and Eiffel Investment Group,” Joris Laenen, Chief Investment & Life Officer at Ethias, concluded.

Akereos Capital acted as sole bookrunner, structurer and exclusive debt advisor to Power Capital and also acted as exclusive financial advisor to Power Capital on the PPA with Microsoft. Power Capital were advised by Arthur Cox and Philip Lee (legal) while Eiffel Investment Group were advised by Eversheds Sutherland.

 

About Ethias

Ethias is a Belgian insurance company that has developed a unique business model focused on direct, digital and public services. This strategy is well supported by the commitment of its 1,900 employees, the trust of its customers (1,200,000 private individuals and more than 40,000 customers in the public and private sectors), the support of its public shareholders, its 100 years of experience and its financial strength. Ethias is constantly innovating to create value and meet the needs of tomorrow through ecosystems in areas such as health, mobility, and housing, with sustainability and responsible approach at the heart of its mission.

 

About Omnes

Omnes is a leading private equity and infrastructure investor. With over EUR 5 billion in assets under management, it provides companies with the capital they need to fund their growth, in three key areas: venture capital, growth & buyout capital and infrastructure. Omnes is committed to ESG factors and has founded the Foundation Omnes to fund initiatives in favour of children and young people. It is a signatory to the United Nations Principles for Responsible Investment (PRI).

 

About Power Capital Renewable Energy

Power Capital Renewable Energy is an Independent Power Producer (IPP) established in Ireland in 2011. The company has been developing a solar portfolio of over 1200MW in Ireland and has also been growing its international presence. In 2020 Omnes Capital made a strategic investment in the company and since then the company has been transitioning to becoming an IPP.

The Dublin based office has a growing team spread across engineering, finance, legal, environmental planning, and construction. The company is continuing to develop solar projects in Ireland and is also developing grid scale battery storage sites. Power Capital is currently constructing 230MW of solar farms across Wexford, Cork, Meath, and Louth under Corporate Power Purchase Agreements. Power Capital was also successful with over 300MW in RESS 2 which will also commence construction in H2 2023.

 

About Eiffel Investment Group

Eiffel Investment Group is an asset manager with ca. EUR 5 billion under management (data as of end of 2022, including undrawn commitments). Eiffel Investment Group’s clients are large institutional investors (insurers, mutual funds, pension funds, banks, large family offices, and public investors) as well as individuals, through intermediary distribution.

Eiffel Investment Group cultivates a strong industrial expertise, particularly in the field of energy transition, but also in health, agri-food and digital. It finances companies and their assets through four main strategies: private debt, energy transition infrastructure, private equity, and listed equities and credit.

Eiffel Investment Group’s mission is to invest for a sustainable world. Its investment strategies aim to generate not only a strong financial performance but also a positive impact on the environment and society.

The Eiffel Investment Group team has approximately 80 talented employees, mainly in Paris, with presence in Amsterdam, Warsaw, and New York. The Eiffel Transition Infrastructure fund is exclusively reserved for professional clients.

Source: EIB



Read More:Power Capital Renewable Energy Secures EUR 240mn Financing Facility to Construct over 1.2 GW of Solar Assets

2023-01-23 19:30:37

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New suppliers race to plug in to electric car market https://newsdaily.business/2023/01/23/new-suppliers-race-to-plug-in-to-electric-car-market/ https://newsdaily.business/2023/01/23/new-suppliers-race-to-plug-in-to-electric-car-market/#respond Mon, 23 Jan 2023 17:41:06 +0000 https://newsdaily.business/2023/01/23/new-suppliers-race-to-plug-in-to-electric-car-market/ WOKING, England, Jan 23 (Reuters) – The global auto industry has committed $1.2 trillion to developing electric vehicles (EVs), providing a golden opportunity for new suppliers to grab contracts providing everything from battery packs to motors and inverters. Startups specialising in batteries and coatings to protect EV parts, and suppliers traditionally focused on niche motorsports […]]]>


WOKING, England, Jan 23 (Reuters) – The global auto industry has committed $1.2 trillion to developing electric vehicles (EVs), providing a golden opportunity for new suppliers to grab contracts providing everything from battery packs to motors and inverters.

Startups specialising in batteries and coatings to protect EV parts, and suppliers traditionally focused on niche motorsports or Formula One (F1) racing, have been chasing EV contracts. Carmakers design platforms to last a decade, so high-volume models can generate large revenues for years.

The next generation of EVs is due to hit around 2025 and many carmakers have sought help plugging gaps in their expertise, providing a window of opportunity for new suppliers.

“We’ve gone back to the days of Henry Ford where everyone is asking ‘how do you make these things work properly?’,” says Nick Fry, CEO of F1 engineering and technology firm McLaren Applied.

“That’s a huge opportunity for companies like us.”

Bought from McLaren by private equity firm Greybull Capital in 2021, McLaren Applied has adapted an efficient inverter developed for F1 racing for EVs. An inverter helps control the flow of electricity to and from the battery pack.

The silicon carbide IPG5 inverter weighs just 5.5 kg (12 lb) and can extend an EV’s range by over 7%. Fry says McLaren Applied is working with around 20 carmakers and suppliers, and the inverter will appear in high-volume luxury EV models starting January 2025.

Mass-market carmakers often prefer to develop EV components in-house and own the technology themselves. After years of pandemic-related parts shortages, they are wary of over-reliance on suppliers.

“We just can’t afford to be reliant on third parties making those investments for us,” said Tim Slatter, head of Ford (F.N) in Britain.

Traditional suppliers, such as German heavyweights Bosch and Continental (CONG.DE), are also investing heavily in EVs and other technologies to stay ahead in a fast-changing industry.

But smaller companies say there are still opportunities, particularly with low-volume manufacturers that cannot afford huge EV investments, or luxury and high-performance carmakers seeking an edge.

Croatia’s Rimac, an electric hypercar maker part-owned by Germany’s Porsche AG (P911_p.DE) that also supplies battery systems and powertrain components to other automakers, says an undisclosed German carmaker will use a Rimac battery system in a high-performance model – with annual production of around 40,000 units – starting this year, with more signed up.

“We need to be 20%, 30% better than what they can do and then they work with us,” CEO Mate Rimac says. “If they can make a 100-kilowatt hour battery pack, we must make a 130-kilowatt pack in the same dimensions for the same cost.”

NO TIME TO LOSE

Some suppliers like Cambridge, Massachusetts-based Actnano have had long relationships with EV pioneer Tesla (TSLA.O). Actnano has developed a coating that protects EV parts from condensation and its business has spread to advanced driver-assistance systems (ADAS), as well as other carmakers including Volvo (VOLCARb.ST), Ford, BMW (BMWG.DE) and Porsche.

California-based startup CelLink has developed an entirely automated, flat and easy-to-install “flex harness”, instead of a wire harness to group and guide cables in a vehicle. CEO Kevin Coakley would not identify customers but said CelLink’s harnesses had been installed in around a million EVs. Only Tesla has that scale.

Coakley said CelLink was working with U.S. and European carmakers, and with a European battery maker on battery wiring.

Others are focused on low-volume manufacturers, like UK startup Ionetic, which develops battery packs that would be too expensive for smaller companies to make themselves.

“Currently it costs just too much to electrify, which is why you see some manufacturers delaying their electrification launch,” CEO James Eaton said.

Since 1971, Swindon Powertrain has developed powerful motorsports engines. But it has now also developed battery packs, electric powertrains, e-axles and is working with around 20 customers, including carmakers and an electric vertical take-off and landing (eVTOL) aircraft maker.

“I realized if we don’t embrace this, we’re going to end up working for museums,” said managing director Raphael Caille.

But time may be running out.

Mate Rimac says major carmakers scrambled in the last three years to roll out EVs and now have strategies largely in place.

“For those who haven’t signed projects, I’m not sure how long the window of opportunity will remain open,” he said.

($1 = 0.8226 pounds)

Reporting by Nick Carey
Editing by Mark Potter

Our Standards: The Thomson Reuters Trust Principles.



Read More:New suppliers race to plug in to electric car market

2023-01-23 16:53:00

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H2CAST, Developing Hydrogen Storage Facilities in Germany https://newsdaily.business/2023/01/18/h2cast-developing-hydrogen-storage-facilities-in-germany/ https://newsdaily.business/2023/01/18/h2cast-developing-hydrogen-storage-facilities-in-germany/#respond Wed, 18 Jan 2023 09:59:28 +0000 https://newsdaily.business/2023/01/18/h2cast-developing-hydrogen-storage-facilities-in-germany/ Gasunie is to become partner in H2CAST, the hydrogen storage pilot project in the Etzel caverns in the German state of Lower Saxony. This was announced by STORAG ETZEL and Gasunie. For Gasunie, this participation is a first step towards developing hydrogen storage facilities in Germany. With H2CAST, which stands for H2 CAvern Storage Transition, […]]]>


Gasunie is to become partner in H2CAST, the hydrogen storage pilot project in the Etzel caverns in the German state of Lower Saxony. This was announced by STORAG ETZEL and Gasunie. For Gasunie, this participation is a first step towards developing hydrogen storage facilities in Germany.

With H2CAST, which stands for H2 CAvern Storage Transition, STORAG ETZEL and Gasunie, together with project partners, aim to enable large-scale hydrogen storage in the salt caverns near Etzel, Germany.

The first step involves a pilot project in which two of the existing salt caverns will be made suitable for hydrogen storage and connected by an above-ground installation. Within the pilot project, Gasunie will be responsible for the above ground facility to connect the two hydrogen caverns. The pilot project is expected to be ready in 2026.

The location of the storage caverns in Etzel is strategically located with a perfect connection to the Dutch and German hydrogen market, near the future Gasunie hydrogen network Hyperlink and the Energy-Hub Port of Wilhelmshaven.

“Hydrogen is going to play an important role in the future energy system, especially for making industry more sustainable. For a well-functioning hydrogen market, large-scale hydrogen storage is a crucial component. Gasunie has the ambition to develop salt caverns for hydrogen storage in both the Netherlands and Germany,” Han Fennema, CEO Gasunie, said.

STORAG ETZEL is delighted that Gasunie has chosen to join the H2CAST project in Etzel which already started early 2022.

“The industrial scalability of the underground storage is unique for the H2CAST pilot. Gasunie will optimally strengthen the project consortium, which is of strategic importance for the Etzel site. The pilot project is a starting point for a future value chain to enable the ramp-up of the international hydrogen market,” Boris Richter, Managing Director of STORAG ETZEL, noted.

H2CAST Etzel is co-funded by the state of Lower Saxony and the Federal Government of Germany.

STORAG ETZEL and Gasunie are working together in this pilot project with the partners, DEEP.KBB, DLR, HARTMANN Valves, SOCON and TU Clausthal.

 

About the project

The H2CAST Etzel project is intended to demonstrate the feasibility of large-volume underground storage of hydrogen and to prove the suitability of the salt caverns in Etzel for hydrogen storage. Operational hydrogen storage operations will be tested and serve to build a hydrogen service industry. H2CAST stands for H2 CAvern Storage Transition, i.e., the conversion of existing caverns and facilities in Etzel for the future necessary storage of hydrogen as a building block for a future energy system.

 

Why Etzel?

  • The Etzel energy hub is connected to gas pipelines that can be converted for H2 operation. A hydrogen pipeline to the possible H2 import terminal in Wilhelmshaven could be realised.
  • Caverns are suitable for H2 storage
  • STORAG ETZEL is a leading independent cavern storage operator in NW-Europe for natural gas and crude oil
  • Ideal geographic position, strategic location of the cavern field in Etzel
  • Connection to existing supra-regional gas pipeline grid
  • Permits in place for capacity extension on short notice
  • STORAG ETZEL has long-term planning security with an operating framework in place and aligned with the respective authorities
  • Utilization of existing infrastructure
  • Scalability of H2 storage and secured expansion potential
  • Synergy options with regional energy and industry partners
  • Short response time for project realization of H2 storage
  • Public acceptance
  • Experts and skilled workers are available
  • Projects are realized in lower Saxony/Germany
  • Without the H2 projects in Etzel, there is no regional H2 cluster in the region

 

Hydrogen storage for Northwest Europe

Once completed, ‘H2CAST Etzel’ will pave the way for an even more ambitious development project by STORAG ETZEL as a second logical step for a sustainable site transformation and strategic positioning of the Etzel cavern facility for the coming European hydrogen economy.

The focus of this follow-up project is on the conversion and expansion of the existing cavern field, including above ground processing facilities and the pipeline infrastructure for the Northwest Europe region, among other things, in view of the growing storage demand for H2.

The goal is the regional development and establishment of an H2 cluster by connecting the Etzel storage facility and the Wilhelmhaven region with access to wind energy, an import terminal, H2 production and the industry to the planned initial hydrogen network in Northwest Europe, the so-called ‘European Hydrogen backbone’.

This pipeline development project is regarded as the basis project for a joint European hydrogen supply from Hamburg to Paris and encompasses four countries.

STORAG ETZEL will initially continue and focus on the research project H2CAST Etzel where they will work together at the regional level with industrial partners, the municipal bodies and business promoters to leverage synergies and further develop existing initiatives. STORAG ETZEL will also remain a preferred, reliable, and technically leading provider for the new energy industry, including for large-volume storage of renewable energy sources.

 

About Gasunie

Gasunie is a European energy-infrastructure company. Gasunie’s network is one of the largest high-pressure pipeline networks in Europe, comprising over 17,000 kilometres of pipeline in the Netherlands and northern Germany. Gasunie provides natural and green gas transport services through its subsidiaries, Gasunie Transport Services B.V. (GTS) in the Netherlands and Gasunie Deutschland in Germany. With its cross-border gas infrastructure and services, Gasunie facilitates TTF, which has become the leading European gas trading point. Gasunie also provides other gas infrastructure services, including gas storage and LNG. Gasunie wants to help accelerate the transition to a CO2-neutral energy supply and believes that gas-related innovations, for instance in the form of renewable gases such as hydrogen and green gas, can make an important contribution. Both existing and new gas infrastructure play a key role here. Gasunie also plays an active part in the development of other energy infrastructure to support the energy transition.



Read More:H2CAST, Developing Hydrogen Storage Facilities in Germany

2023-01-18 08:32:41

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Best Auto News From CES 2023: Electric Pickup Trucks, Flying Cars, and More https://newsdaily.business/2023/01/08/best-auto-news-from-ces-2023-electric-pickup-trucks-flying-cars-and-more/ https://newsdaily.business/2023/01/08/best-auto-news-from-ces-2023-electric-pickup-trucks-flying-cars-and-more/#respond Sun, 08 Jan 2023 16:49:16 +0000 https://newsdaily.business/2023/01/08/best-auto-news-from-ces-2023-electric-pickup-trucks-flying-cars-and-more/ CES is so much more than just a trade show for the latest televisions, phones and wacky tech. It’s also one of the largest and most popular automotive shows in the US. If you want to know where the travel industry is headed, then there’s no better place to be than Las Vegas in January.  This year at […]]]>


CES is so much more than just a trade show for the latest televisionsphones and wacky tech. It’s also one of the largest and most popular automotive shows in the US. If you want to know where the travel industry is headed, then there’s no better place to be than Las Vegas in January. 

This year at CES 2023, hundreds of exhibitors from across the automotive sector have already unveiled some of their latest products and cutting-edge technologies. BMW announced the futuristic i Vision Dee electric car, while Sony and Honda revealed their EV prototype Afeela, integrated with Epic Games’ Unreal Engine technology to provide next-level entertainment, communication and safety features.

If you want to take a closer look at the new auto technology that’s been unveiled at CES 2023 so far, check it out below. For more, here are the wildest highlights we’ve seen this week and the wackiest tech, too.


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Hearing Dolby Atmos in a Car Blew Me Away



5:11

Mercedes-Benz is one of the first car companies in the world to get immersive Dolby Atmos surround sound tech

Dolby Atmos is immersive surround sound technology that you’ll really only find at the theatre or in a few pricey speakers, soundbars and headphones for consumers. Unlike your typical left and right audio experience, Dolby Almost brings you sounds from every direction imaginable, and that immersive audio experience is coming to the Mercedes-Benz Maybach. Check out our experience with Dolby Atmos at CES 2023 in the video above.

A silver Mercedes-Benz

Dolby Atmos is currently only available in a few select luxury vehicles.

BMW’s color-changing concept car

BMW unveiled the i Vision Dee, a futuristic midsize electric sedan with a digital assistant, color-changing technology and an augmented-reality windshield. The car’s exterior is equipped with 240 E Ink segments that can be controlled individually; you could go with a solid color if you want, but each separate panel can be customized, so you can go wild with patchwork designs. But the most exciting new feature has to be the fully digital, mixed reality windshield. You’ll be able to decide how much “digital content” you see in front of you while you drive, such as driving information, communications, AR projections and virtual worlds.

Mixed Reality head up display in action

Crank the Mixed Reality Slider to max and the windshield is filled with information or even fully virtual worlds.


BMW

Sony and Honda’s electric sedan has Unreal Engine-designed interfaces

Sony and Honda unveiled the Afeela, an electric midsized sedan, at CES on Wednesday. The alliance between the two companies works like this: Honda provides the automotive engineering and after-sales service part, while Sony covers the tech side of things, including electronics, sensors and entertainment. The front of the EV has a built-in display that can be used to show off information to other drivers and pedestrians, while the entire body comes equipped with dozens of cameras and sensors to detect objects and provide an autonomous driving experience. Inside, the interface of the car is powered by Qualcomm technology and Epic Games’ Unreal Engine to enhance the driving experience and provide a quality entertainment system.

Afeela Sony car announced at CES 2023

The two companies plan to have preorders up and running for the EV in 2025.


James Martin/CNET

Amazon Ring now wants to live in your car

Amazon’s Ring creates security cameras for your home and business, to provide security and allow you to keep an eye on package deliveries and other activities, and now it wants to do the same thing for your automobile. The Ring Car Cam is a dashboard-mounted dual-facing camera that can record both inside and outside your car, while you’re driving or parked. While the camera stores footage locally, it can connect to your Wi-Fi network whenever you’re parked nearby to upload footage. You can also get LTE support to always stay connected, allowing you to view a live feed in case someone else has your car; you’ll need to pay for a Ring Protect Go subscription for that. You can preorder the Ring Car Cam for $200 right now, or wait to buy it when it’s released in February for $250.

The Ring Car Cam, a dual-facing dashcam with Wi-Fi connectivity, sits atop the dashboard of a vehicle pulling past a bokeh background.

 You can remotely talk with anyone in the car thanks to the camera’s built-in speaker and microphone.


Ring

An electric pickup truck… that follows you around?

Ram unveiled the Ram 1500 Revolution BEV, its first ever fully electric pickup truck, at CES 2023. The electric truck is equipped with back-swinging suicide doors, three rows of seats, an AR display, an AI personal assistant and “themes” for the interior of the car. For example, you can enable party mode or relax mode — each changes the seat positions and orientation, lighting, sound system and even the opacity of the skylight. But the most interesting thing about the electric truck has to be its “shadow mode” feature, which allows the truck to follow the driver around, sort of like a dog, when they’re on foot.

Ram 1500 Revolution BEV Concept

Arriving in 2024.


Stellantis

Nvidia will bring its gaming platform to select cars

GeForce Now, Nvidia’s popular cloud gaming service that allows you to play games like Fortnite and Apex Legends on your phone, tablet and TV, is soon coming to your car. During its showcase at CES 2023, Nvidia announced a partnership with Hyundai Motor Group, Polestar and BYD to integrate the gaming platform to several internet-connected vehicles. A passenger in the car can load up GeForce Now in a built-in display and play games such as Rocket League with a connected gamepad.

Nvidia GeForce Now in car

More than a thousand games will be available.


Nvidia

Google launched its new Android Auto update

On Thursday, Google announced the release of its latest Android Auto software. The redesign prioritizes navigation, communication and music — for starters, Maps is now closer to the driver’s seat, making it easier to view, and there’s also a new quick launcher that lets you access the apps you need most, faster. A new split-screen layout adapts to your screen size and orientation, and Google Assistant provides smart suggestions like arrival time sharing, message replies and music or podcast reminders. If you have one of the latest Pixel or Samsung phones, you’ll soon be able to make WhatsApp calls via Android Auto.

android-auto-ces-update-5.png

Android Auto will better adapt to a variety of screen sizes and aspect ratios.


Google

Oh yeah, a four-seater flying car was announced

Flying cars haven’t quite taken off yet, but we seem to be one step closer. US company Aska announced what may be the world’s first four-seater flying car at CES this year. The Aska A5 is an electric-powered vehicle, the size of a small SUV, that can travel on the road and up to 250 miles by air with a single charge. It’s also equipped with a small gas engine that can give you an extra 50 miles. And you can expect it to hit the roads (and the skies) pretty soon. According to CEO Guy Kaplinsky, the Federal Aviation Administration could approve the A5 this month, and the company plans to begin a ride-sharing service with a fleet of its flying vehicles in 2026. The A5 comes with a hefty price tag of $789,000, and you can pay a $5,000 deposit to get on the preorder list right now.

An image of ASKA's flying car on display at CES.

Why fight traffic on the street when you can just fly over it?


Bree Fowler/CNET



Read More:Best Auto News From CES 2023: Electric Pickup Trucks, Flying Cars, and More

2023-01-08 14:44:00

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Electric Vehicle Uptick Sends Investment to the South https://newsdaily.business/2023/01/01/electric-vehicle-uptick-sends-investment-to-the-south/ https://newsdaily.business/2023/01/01/electric-vehicle-uptick-sends-investment-to-the-south/#respond Sun, 01 Jan 2023 20:46:57 +0000 https://newsdaily.business/2023/01/01/electric-vehicle-uptick-sends-investment-to-the-south/ The Great Lakes has been the epicenter of the auto industry, but investment into electric vehicle plants has homed in on the southern states of Tennessee, Kentucky, and Georgia. Nearly two-thirds of new investment in the first two years of the Biden administration has gone South, not proverbially, according to The Wall Street Journal. Automakers […]]]>


The Great Lakes has been the epicenter of the auto industry, but investment into electric vehicle plants has homed in on the southern states of Tennessee, Kentucky, and Georgia.

Nearly two-thirds of new investment in the first two years of the Biden administration has gone South, not proverbially, according to The Wall Street Journal.

Automakers are making big bets on the EV market, and capitalizing on potential Biden administration subsidies. Globally, there will be $526 billion spent on EVs through 2026, according to AlixPartners consulting firm.

“You have to invest now, or you’re going to be left behind in the transition,” Ford CFO John Lawler told the Journal.

Georgia has invested become a tech company destination and EV manufacturing is making its way there, despite looming fears of an economic recession in the short term.

“I feel like we are right now riding that wave,” Georgia Economic Development Department Commissioner Pat Wilson told the Journal.

The South appeals to new investment because of lower energy cost, along with available and affordable land, according to the report.

Tennessee has an average electricity price of 6.89 cents per kilowatt-hour, compared to 8.38 cents in Michigan, according to the U.S. Energy Information Administration.

“There’s no question that some of the markets in the Southeast have figured out a great secret sauce, in terms of how to court those big projects,” CBRE Group’s Eric Stavriotis, a real estate incentive expert, told the Journal.

Incentives and subsidies from the Inflation Reduction Act are adding to the allure of new investment into the burgeoning industry.

“The greater risk we see is that if you hold back, if you don’t make the investments,” Ford’s Lawler told the Journal. “We can’t put the future on pause.”


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Read More:Electric Vehicle Uptick Sends Investment to the South

2023-01-01 17:50:25

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Nissan Leaf and Solar Panels Eliminated Winery’s Electric Bill https://newsdaily.business/2022/12/27/nissan-leaf-and-solar-panels-eliminated-winerys-electric-bill/ https://newsdaily.business/2022/12/27/nissan-leaf-and-solar-panels-eliminated-winerys-electric-bill/#respond Tue, 27 Dec 2022 20:24:59 +0000 https://newsdaily.business/2022/12/27/nissan-leaf-and-solar-panels-eliminated-winerys-electric-bill/ Photo: Nissan The Nissan Leaf isn’t the flashiest electric car you can buy. It’s a relatively basic hatchback that happens to be electric. It makes a little more than 200 hp, can go about 200 miles on a charge, and doesn’t cost nearly as much as a Tesla. But that’s about all that a regular […]]]>


2023 Nissan Leaf

Photo: Nissan

The Nissan Leaf isn’t the flashiest electric car you can buy. It’s a relatively basic hatchback that happens to be electric. It makes a little more than 200 hp, can go about 200 miles on a charge, and doesn’t cost nearly as much as a Tesla. But that’s about all that a regular person needs out of an electric car. And it can also use its battery to charge other things, which a winery owner in Australia has used to his advantage.

Electrek reports that Joseph Evans, owner of Ballycroft Vineyard and Cellars in South Australia, now uses the Leaf’s battery to power his business at night, eliminating his electricity bill. He reportedly spent about $6,000 a year on electricity and decided to invest in solar panels. Doing so cut his electricity bill by about $4,000, but he still had to pay for electricity at night. Enter the Nissan Leaf.

By using the Leaf as a mobile power bank, Evans wasn’t just able to stop paying for electricity. He actually says he now makes a profit selling electricity back to the power company. “I’ve gone from a $6000 annual power bill to making around $50 per week (over $2,500 a year) in profit selling my excess power back to the grid,” said Evans.

Vehicle-to-grid charging only recently became an option for the Leaf, but Evans says it’s been a game-changer for him. As long as his solar panels work, his electricity cost is nonexistent. And since his house is on the vineyard property, he doesn’t have to pay to power his home either. He just makes sure the Leaf is fully charged as the sun is setting, plugs it into his V2G charger, and uses that electricity to power his house. And then he pockets the profit from any excess electricity his system produces.

The Leaf certainly isn’t the only EV capable of bidirectional charging, but it’s still cool to hear about people finding creative ways to reduce or eliminate their power bills. And it’s also cool that an EV that starts well under $40,000 has the ability to do that. Especially considering the average price of a new car, not just EVs, is pushing $50k.



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2022-12-27 19:30:00

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California approves plan to cut fossil fuel demand by 86% by 2045, go electric despite blackout problems https://newsdaily.business/2022/12/17/california-approves-plan-to-cut-fossil-fuel-demand-by-86-by-2045-go-electric-despite-blackout-problems/ https://newsdaily.business/2022/12/17/california-approves-plan-to-cut-fossil-fuel-demand-by-86-by-2045-go-electric-despite-blackout-problems/#respond Sat, 17 Dec 2022 01:37:52 +0000 https://newsdaily.business/2022/12/17/california-approves-plan-to-cut-fossil-fuel-demand-by-86-by-2045-go-electric-despite-blackout-problems/ Sen. Mike Braun, R-Ind., discusses Biden’s green agenda push as he travels to Michigan, energy prices in the winter and the president asking Congress to avert rail strike. California air regulators voted Thursday to approve a plan that would dramatically cut reliance on fossil fuels to address climate change.  The 2022 Scoping Plan, the California […]]]>


California air regulators voted Thursday to approve a plan that would dramatically cut reliance on fossil fuels to address climate change. 

The 2022 Scoping Plan, the California Air Resources Board (CARB) said, slashes greenhouse gas emissions by 85% and achieves carbon neutrality by 2045. 

The action to shift from reliance on petroleum and fossil gas to clean and renewable energy resources and zero-emission vehicles following two years of development, including public meetings and comments from hundreds of community members and stakeholders. 

It draws on and continues several climate programs currently in effect, but includes the need for an accelerated target of a 48% reduction of greenhouse gas emissions below 1990 levels by the end of this decade. 

CALIFORNIA APPROVES $2.9 BILLION INVESTMENT TO DOUBLE CAR CHARGERS IN STATE

The board said the economy-wide shift away from fossil fuels seeks to reduce fossil fuel consumption to less than one-tenth of the current use, cut greenhouse gas emissions by 85% below 1990 levels, reduce smog-forming air pollution by 71%, create four million new jobs and save residents $200 billion in health costs due to pollution by 2045.

The board said the final modeling for the plan also includes three million climate-friendly homes by 2030, six million heat pumps deployed by 2030, no new fossil gas capacity in the electricity sector and 20 gigawatts of offshore wind capacity by 2045.

The Standard Oil Refinery in El Segundo, Calif.

This aerial photo shows the Standard Oil Refinery in El Segundo, Calif., with Los Angeles International Airport in the background and the El Porto neighborhood of Manhattan Beach, Calif., in the foreground on May 25, 2017.  ((AP Photo/Reed Saxon, File) / AP Newsroom)

Capturing large amounts of carbon and storing it underground is one of the most controversial elements of the proposal and critics say it gives the state’s biggest emitters reason to not do enough on their part to mitigate the impacts of climate change.

In a statement, Gov. Gavin Newsom – who made revisions to the plan – noted that the California Energy Commission on Wednesday approved funding for 90,000 new electric vehicle chargers across the state, with a $2.9 billion investment.

Furthermore, he highlighted that utility regulators in the Golden State approved major changes to the rooftop solar market that they say will more evenly spread the cost of energy, help reduce the state’s reliance on fossil fuels in the evening and promote grid reliability.

The policy approved by the California Public Utilities Commission lessens the overall payment for selling excess power. It also revamps electric rates to try to encourage people to build home storage systems alongside their panels, so they can tap that stored power at night or feed it back to the grid, either of which would help the system rely less on fossil fuels.

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California Gov. Gavin Newsom

Gov. Gavin Newsom, center, is flanked by state lawmakers while discussing the package of legislation he signed that accelerates the climate goals of the nation’s most populous state, at Mare Island in Vallejo, Calif., on Sept. 16, 2022.  ((AP Photo/Rich Pedroncelli, File) / AP Newsroom)

Officials continue to grapple with how to avoid blackouts when record-breaking heat waves push Californians to turn up the air conditioning.

“We are making history here in California, and today caps an amazing 10 days for world-leading climate action,” Newsom said in a statement. “California is leading the world’s most significant economic transformation since the Industrial Revolution – we’re cutting pollution, turning the page on fossil fuels and creating millions of new jobs.”

The 2022 Scoping Plan has faced strong reaction from both environmental groups and petroleum companies.

“CARB’s latest draft of the Scoping Plan has acknowledged what dozens of studies have confirmed – that a complete phase-out of oil and gas is unrealistic,” a Western States Petroleum Association spokesperson told FOX Business in an email on Friday. “A plan that isn’t realistic isn’t really a plan at all.”

The organization said that California will need technologically innovative solutions such as capture and storage (CCS), carbon dioxide removal (CDR) and an increased use of hydrogen.

“The 2022 Scoping Plan reduces emissions from liquid petroleum fuels in several ways which result in a phase-down, not a shutdown,” the CARB told Fox Business in separate correspondence. 

It noted that the state will continue to need gasoline and diesel for a while, and that it does not plan to end supply before there is adequate replacement with clean energy. 

“We have been clear that demand reductions must be paired with supply-side reductions for fossil fuels,” it said.

Solar panels on California rooftops

FILE – Solar panels on rooftops of a housing development in Folsom, Calif., on Feb. 12, 2020.  ((AP Photo/Rich Pedroncelli, File) / AP Newsroom)

Connie Cho, an attorney for environmental justice group Communities for a Better Environment, said that the plan was a “huge step forward,” but she criticized its carbon capture targets, arguing they give a pathway for refineries to continue polluting as the state cuts emissions in other areas.

“The governor has been clear that we must transition our refineries to produce the clean fuels we will need. Carbon capture and storage on those refineries will be a critical tool to keep reducing emissions,” CARB told Fox Business, adding that the plan does not propose to keep current refineries going with their current fossil fuel production with carbon capture storage. 

“Again, we must plan for this transition away from fossil fuels by ensuring clean energy is available to transition to and some of these existing assets can be part of that clean energy future,” it said.

The plan would also mean less reliance by the agriculture sector on fossil fuels as an energy source and aims to achieve a 66% reduction in methane emissions. 

In the transportation sector, the board’s targets include having 20% of aviation fuel demand come from electric or hydrogen sources by 2045 and ensuring all medium-duty vehicles sold are zero-emission by 2040. 

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It has already passed a policy to ban the sale of new cars powered solely by gasoline in the state starting in 2035.

Since 1990, 13 Californian refineries with a combined capacity of 3 million barrels per day have closed and current refining capacity in California is 1.7 million bpd.

Reuters and The Associated Press contributed to this report.



Read More:California approves plan to cut fossil fuel demand by 86% by 2045, go electric despite blackout problems

2022-12-17 00:41:38

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Electric vehicles confront the leap to the mass market https://newsdaily.business/2022/12/16/electric-vehicles-confront-the-leap-to-the-mass-market/ https://newsdaily.business/2022/12/16/electric-vehicles-confront-the-leap-to-the-mass-market/#respond Fri, 16 Dec 2022 08:49:48 +0000 https://newsdaily.business/2022/12/16/electric-vehicles-confront-the-leap-to-the-mass-market/ DETROIT, Dec 15 (Reuters) – The past year was sobering for investors who poured money into Tesla Inc (TSLA.O) and rival electric vehicle startups that hoped to emulate Tesla CEO Elon Musk’s success. As interest rates rose and financial markets gyrated, shares in many EV startups deflated. Rivian Automotive Inc (RIVN.O), which had a higher […]]]>


DETROIT, Dec 15 (Reuters) – The past year was sobering for investors who poured money into Tesla Inc (TSLA.O) and rival electric vehicle startups that hoped to emulate Tesla CEO Elon Musk’s success.

As interest rates rose and financial markets gyrated, shares in many EV startups deflated. Rivian Automotive Inc (RIVN.O), which had a higher market value than Ford Motor Co (F.N) shortly after it went public in 2021, lost more than 70% of its value over the past year.

Other EV startups fared worse. Electric van maker Arrival warned it could run out of cash in less than a year. Lucid Group Inc (LCID.O), backed by Saudi Arabia’s sovereign wealth fund, struggled to build its sleek Air luxury EVs. Chinese Tesla challenger Xpeng Inc’s (9868.HK) shares lost more than 80% of their value.

Now comes the hard part: Persauding more mainstream consumers to come along for the ride.

WHY IT MATTERS

The automobile industry is pouring more than $1 trillion into a revolutionary shift from combustion engines to electric vehicles guided by software. From Detroit to Shanghai, automakers and government policymakers have embraced the promise of electric vehicles to provide cleaner, safer transportation. European countries and California have set 2035 as the deadline for ending sales of new combustion passenger vehicles.

Tesla Inc’s (TSLA.O) surge to become the world’s most valuable automaker – achieving a $1 trillion valuation last year – humbled established automakers such as Toyota Motor Corp (7203.T) and Volkswagen AG (VOWG_p.DE) that once were reluctant to go electric.

Starting next year, a wave of new electric vehicles from pickup trucks to middle market SUVs and sedans will hit the world’s major markets.

Industry executives and forecasters do not agree on how rapidly electric vehicles could take over half the global vehicle market, let alone all of it.

In China, the world’s largest single automotive market, battery electric vehicles have captured about 21% of the market. In Europe, EVs account for about 12% of total passenger vehicle sales. But in the United States, EV market share is only about 6%.

Among the barriers to EV adoption, industry executives and analysts said, were a dearth of public fast-charging infrastructure, and the rising cost of EV batteries, driven by shortages of key materials and uncertainty over government subsidies that have buoyed EV purchases in major markets including the United States, China and Europe.

The all-electric Ford F-150 Lightning pickup truck is unveiled at the company’s world headquarters in Dearborn, Michigan, U.S., May 19, 2021. REUTERS/Rebecca Cook/File Photo

By 2029, electric vehicles could account for a third of the North American market, and about 26% of vehicles produced worldwide, according to AutoForecast Solutions, a consultancy.

Electric vehicle sales likely will not increase in a smooth, ever-ascending curve, said AFS President Joe McCabe. If there is a recession next year, as many economists forecast, that will slow EV adoption.

Wards Intelligence forecasts that combustion vehicles will make up just under 80% of North American sales in 2027. Based on automakers’ product plans, Wards analyst Haig Stoddard said at a recent conference that manufacturers “expect strong ICE (internal combustion engine) volume heading into the next decade.”

WHAT DOES IT MEAN FOR 2023?

Throughout 2022, established automakers such as Mercedes, Ford and General Motors Co (GM.N) unveiled dozens of new electric vehicles to challenge Tesla and the upstarts.

Mass production of most of these vehicles kicks into gear starting in 2023 and 2024.

By 2025, there could be 74 different electric vehicle models offered in North America, McCabe said. But he predicts fewer than 20% of those models are likely to sell at volumes above 50,000 vehicles a year. Automakers could be stuck with too many niche models and too much capacity.

Slowing economies threaten overall vehicle demand in Europe and China, too.

During the early years of the 20th Century, new auto companies sprang up, backed by investors eager to catch the wave of mass mobility that Henry Ford and other automotive pioneers started. By the 1950s, the global auto industry had consolidated and once-heralded brands such as Duesenberg had disappeared.

The next few years will determine whether the 21st Century’s crop of electric vehicle brands will follow a similar path.

Explore the Reuters round-up of news stories that dominated the year, and the outlook for 2023.

Reporting by Joe White
Editing by Bernadette Baum

Our Standards: The Thomson Reuters Trust Principles.



Read More:Electric vehicles confront the leap to the mass market

2022-12-16 00:02:00

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Attacks on Pacific north-west power stations raise fears for US electric grid | Oregon https://newsdaily.business/2022/12/10/attacks-on-pacific-north-west-power-stations-raise-fears-for-us-electric-grid-oregon/ https://newsdaily.business/2022/12/10/attacks-on-pacific-north-west-power-stations-raise-fears-for-us-electric-grid-oregon/#respond Sat, 10 Dec 2022 13:06:49 +0000 https://newsdaily.business/2022/12/10/attacks-on-pacific-north-west-power-stations-raise-fears-for-us-electric-grid-oregon/

A string of attacks on power facilities in Oregon and Washington has caused alarm and highlighted the vulnerabilities of the US electric grid.

The attacks in the Pacific north-west come just days after a similar assault on North Carolina power stations that cut electricity to 40,000 people.

As first reported by Oregon Public Broadcasting and KUOW Public Radio, there have been at least six attacks, some of which involved firearms and caused residents to lose power. Two of the attacks shared similarities with the incident in Moore county, North Carolina, where two stations were hit by gunfire. Authorities have not yet revealed a motive for the North Carolina attack.

The four Pacific north-west utilities whose equipment was attacked have said they are cooperating with the FBI. The agency has not yet confirmed if it is investigating the incidents.

It’s unknown who is behind the attacks but experts have long warned of discussion among extremists of disrupting the nation’s power grid.

Bonneville Power Administration (BPA) said in a statement on Thursday that it was seeking tips about “trespassing, vandalism and malicious damage of equipment” at a substation in Clackamas county on 24 November that caused damage and required cleanup costing hundreds of thousands of dollars.

“Someone clearly wanted to damage equipment and, possibly, cause a power outage,” said John Lahti, the utility’s transmission vice-president of field services. “We were fortunate to avoid any power supply disruption, which would have jeopardized public safety, increased financial damages and presented challenges to the community on a holiday.”

Any attack on electric infrastructure “potentially puts the safety of the public and our workers at risk”, said BPA, which delivers hydropower across the Pacific north-west .

Portland General Electric, a public utility that provides electricity to nearly half of the state’s population, said it had begun repairs after suffering “a deliberate physical attack on one of our substations” that also occurred in the Clackamas area in late November 2022. It said it was “actively cooperating” with the FBI.

Puget Sound Energy, an energy utility in Washington, reported two cases of vandalism at two substations in late November to the FBI and peer utilities, but said it the incidents appeared to be unrelated to other recent attacks.

“There is no indication that these vandalism attempts indicate a greater risk to our operations and we have extensive measures to monitor, protect and minimize the risk to our equipment and infrastructure,” the company said in a statement.

overhead view of substation
Duke Energy workers repair an electrical substation that they said was hit by gunfire,near Pinehurst, North Carolina, on 6 December. Photograph: Drone Base/Reuters

Experts and intelligence analysts have long warned of both the vulnerability of the US power grid and talk among extremists about attacking the crucial infrastructure.

“It’s very vulnerable,” said Keith Taylor, a professor at the University of California, Davis, who has worked with energy utilities. “[These attacks] are a real threat.”

The physical risks to the power grid have been known for decades, Granger Morgan, an engineering professor at Carnegie Mellon University, told CBS. “We’ve made a bit of progress, but the system is still quite vulnerable,” he said.

A US Department of Homeland Security (DHS) report released in January warned that domestic extremists have been developing “credible, specific plans” to attack electricity infrastructure since at least 2020.

The DHS has cited a document shared on a Telegram channel used by extremists that included a white supremacist guide to attacking an electric grid with firearms, CNN reported.

“These fringe groups have been talking about this for a long time,” Taylor said. “I’m not at all surprised this happened – I’m surprised it’s taken this long.”

Three men who law enforcement identified as members of the Boogaloo movement allegedly planned to attack a substation in Nevada in 2020 to distract police and attempt to incite a riot.

In 2013, still unknown assailants cut fiber-optic phone lines and used a sniper to fire shots at a Pacific Gas & Electric substation near San Jose in what appeared to be a carefully planned attack that caused millions of dollars in damage. The attack prompted the Federal Energy Regulatory Commission (Ferc) to order grid operators to increase security.

“They knew what they were doing. They had a specific objective. They wanted to knock out the substation,” Jon Wellinghoff, the then chair of Ferc, told 60 Minutes, adding that the attack could have “brought down all of Silicon Valley”.

After the 2013 attack in California, a Ferc analysis found that attackers could cause a blackout coast-to-coast if they took out only nine of the 55,000 substations in the US.

The US electrical grid is vast and sprawling with 450,000 miles of transmission lines, 55,000 substations and 6,400 power plants. Power plants and substations are dispersed in every corner of the country, connected by transmission lines that transport electricity through farmland, forests and swamps. Attackers don’t necessarily have to get close to cause significant damage.

“In a centralized system, if I [want] to take out one coal fired plant, I don’t even have to take out the plant, I just have to take out the transmission line,” said Taylor. “You can cause a ripple effect where one outage can cause an entire seaboard to go down.”

The Associated Press contributed to this report



Read More:Attacks on Pacific north-west power stations raise fears for US electric grid | Oregon

2022-12-10 06:02:00

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Switzerland could ban electric vehicle use during energy crisis: reports https://newsdaily.business/2022/12/05/switzerland-could-ban-electric-vehicle-use-during-energy-crisis-reports/ https://newsdaily.business/2022/12/05/switzerland-could-ban-electric-vehicle-use-during-energy-crisis-reports/#respond Mon, 05 Dec 2022 02:11:04 +0000 https://newsdaily.business/2022/12/05/switzerland-could-ban-electric-vehicle-use-during-energy-crisis-reports/ C3 Solutions VP of public policy Nick Loris reacts to President Macron’s criticism of Biden’s green agenda and explains how the Inflation Reduction Act plays a role on ‘Cavuto Coast to Coast.’ Switzerland could ban electric vehicles from being used non-essentially this winter as government officials begin to brace for an energy crisis during the […]]]>


Switzerland could ban electric vehicles from being used non-essentially this winter as government officials begin to brace for an energy crisis during the winter months, according to reports.

The Telegraph reported on Saturday that Swiss officials have drafted emergency proposals that restrict power usage if things get bad this winter.

EV Charger

FILE: Electric cars are parked at a charging station in Sacramento, Calif., Wednesday, April 13, 2022. (AP Photo/Rich Pedroncelli, File / AP Newsroom)

For example, shops may need to reduce their hours, streaming services may need to be limited and buildings may only be heated to 20 degrees Celsius, or 68 degrees Fahrenheit.

Kremlin rejects EU oil price cap: ‘Europe will live without Russian oil

Other bans, according to the Telegraph, may include concerts, theater performances and sporting events, all to prevent a blackout.

The reason Switzerland is preparing for possible blackouts is that the country relies on imported energy during the summer months. While more than half, or 60 percent of the country’s energy comes from hydropowered means, but in the winter months productions slows and the country relies on imports.

Tesla Model X shown in Zurich

A Model X car of U.S. manufacturer Tesla is shown in Zurich, Switzerland August 17, 2016. (REUTERS/Arnd Wiegmann / Reuters Photos)

The war in Ukraine has contributed to shortages in imports across all of Europe, but paired with Switzerland’s dependency on hydropower, the country is, as the Telegraph put it, “vulnerable to energy shortages.”

EU CHIEF SAYS BLOC HAS TO ADDRESS ‘DISTORITIONS’ CREATED BY BIDEN ENVIRONMENTAL POLICIES

The country’s emergency plan is split into two tiers: crisis and emergency. It also has three levels of restrictions in the first tier and two levels of restriction in the third tier.

Swiss officials will activate each tier and level based on supply level. At the very minimum, buildings will only be able to be heated to 20 degrees Celsius. As things intensify, electric vehicles will be limited to essential trips, and in the worst-case scenario, concerts and sporting events will cease.

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Additional measures like escalators and holiday lights getting turned off, leaf blowers getting silenced, and cryptocurrency mining getting banned are also included in the plan.



Read More:Switzerland could ban electric vehicle use during energy crisis: reports

2022-12-05 00:40:15

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