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BMW Executive Isn’t Very Bullish on EVs: ‘We Simply Have to Walk Through the Valley of Tears’

by added on 9 December 2016, Comments Off on BMW Executive Isn’t Very Bullish on EVs: ‘We Simply Have to Walk Through the Valley of Tears’ , posted in Grid Edge, Electric Vehicles, News,

Teslarati: BMW CFO Downbeat About Electric Cars and Their Ability to Generate Profit

BMW chief financial officer Friedrich Eichiner was downbeat about electric cars when he spoke to reporters in Lisbon last week. “We’ve learned that people aren’t prepared to pay a higher price for an electric vehicle. I don’t see some kind of disruptive element coming from electric cars that would prompt sales to go up quickly in the next five to six years.” This is in spite of recent reports that German Minister of Economic Affairs has called for a joint effort by European car makers to produce batteries for electric vehicles in Germany and Europe.

Eichiner says it will take seven years to double the energy density of batteries for electric cars. Until then, “We simply have to walk through the valley of tears,” Stefan Juraschek, vice president of electric powertrain development, told reporters at a briefing at a BMW testing facility in Munich recently. That’s what he says it will take before his company will be able to make money selling battery powered cars.

TechCrunch: Apple Maps Adds EV Charging Station Data From ChargePoint

Just in time for that cross-country holiday trip, Apple’s bringing some key electric vehicle charging info to its ecosystem, courtesy of ChargePoint. The partnership brings location info for 30,000 charging stations, which will pop up in Maps as badges, along with available pricing and hours of operation.

Apple’s AI assistant will, naturally, be getting in on the action, with the “Hey Siri, where’s the closest charging station?” and iPhone owners can use Apple Pay to charge the charge.

Fortune: Samsung Is Supplying This Electric Car Startup With Breakthrough Battery Tech

Samsung SDI has agreed to supply electric auto startup Lucid Motors with lithium-ion batteries that the two companies say outperform what’s currently available in the marketplace. The joint deal, the terms of which were not disclosed, follows Lucid Motors’s announcement that it will build a $700 million factory in Casa Grande, Ariz. employing up to 2,000 workers.

The factory will begin producing 1,000 horsepower cars in 2018 and at least one variant will be able to travel 400 miles on a single charge, Lucid Motors chief technology officer Peter Rawlinson has said.

Computerworld: Nearly Half of Residential Distributed Solar Power Is Owned by Private Companies

About 44% of all solar power that's installed on residential rooftops, known as distributed solar capacity, is owned by private businesses, such as SolarCity or Vivint Solar, according to new government data.

Distributed solar capacity in the U.S., which includes all solar power capacity other than utility-scale installations 1 megawatts (MW) or larger,  increased to 12.3 gigawatts (GW) as of September, according to new figures from the Energy Information Administration (EIA). In comparison, a cumulative 11.6GW had been installed in the U.S. by the end of 2015.

World Positive: Trump’s Road to Jobs and Infrastructure is Clean (and Bipartisan)

Clean energy has garnered bipartisan support across the country. When we at DBL Partners first sat down to consider policy options this summer (with government, academic, and private industry experts at the Stanford Policy Forum), we believed that our recommendations could build on these shared objectives of building a thriving 21st century clean energy industry in the US that simultaneously fueled economic growth and tackled the threat of climate change.

Unfortunately, our reality today looks quite different. On the evening of Election Day, we joined proponents of clean energy across the US in a collective state of shock. During the campaign, now President-elect Trump had dismissed global warming as a Chinese hoax and promised to radically change the direction of federal energy and environmental policy. It would obviously be disappointing if the Trump administration were to follow through on this approach.

Tesla Needs to Raise More Money—Fast

by added on 1 March 2017, Comments Off on Tesla Needs to Raise More Money—Fast , posted in Grid Edge, Electric Vehicles, News,

Bloomberg: Tesla Is Burning Through Cash

Elon Musk is burning through cash and may need to raise more soon to produce the mass-market electric sedan Tesla Inc. is banking on to reach the mainstream consumer.

A capital raise would provide more cushion to the smallest and youngest publicly held U.S. automaker, which has huge expenditures planned ahead of introducing the Model 3 sedan in July. Tesla burned through cash in the fourth quarter and expects to spend as much as $2.5 billion in the first half of the year before fielding its first mass-market car.

“It’s certainly clear that some kind of capital raise is coming,” David Whiston, an auto analyst at Morningstar Inc., said by phone Thursday. “They might want to do it soon.”

MIT Technology Review: The EPA Is Bracing for Big Change

Yesterday, Donald Trump sketched out his first federal budget and, while short on specifics, he did say that his plan involved a $54 billion increase in military spending to improve national security. That money will, of course, have to be re-routed from other federal initiatives, and the EPA will, the White House has suggested, take a hit.

Perhaps quite a big hit. Officials have told Axios that we can expect “massive, transformational cuts, particularly to climate-change programs” at the agency. Currently, its budget is $8.3 billion, with a staff of 15,000. But Myron Ebell, who led the Trump transition team’s analysis of the EPA, reckons that the administration could cut the workforce to 5,000.

Android Headlines: Nest Finally Gets Its Energy Star Rating From the EPA

Big news from Nest as the US Environmental Protection Agency (EPA) gave their Nest Learning Thermostat its long-awaited Energy Star rating. Since the EPA took away Energy Star ratings from all programmable thermostats, in 2009, the Nest Thermostat is the only thermostat in the US to have an Energy Star rating. It’s not that programmable thermostats cannot help you save energy, but the EPA lost their confidence in them when it was determined that many were too complicated to operate and others were just not being used in their programmable form. Most people just set them manually, not taking advantage of lowering the temperature at the proper times or for the appropriate period to make a true difference in fuel savings.

Guardian: UK Nuclear Power Stations 'Could Be Forced to Close' After Brexit

Nuclear power stations would be forced to shut down if a new measures are not in place when Britain quits a European atomic power treaty in 2019, an expert has warned.

Rupert Cowen, a senior nuclear energy lawyer at Prospect Law, told MPs on Tuesday that leaving the Euratom treaty as the government has promised could see trade in nuclear fuel grind to a halt.

The UK government has said it will exit Euratom when article 50 is triggered. The treaty promotes cooperation and research into nuclear power, and uniform safety standards.

Inhabitat: NASA Releases Images of the World’s Largest Solar Farm From Space

China is home to the world’s largest solar farm, which is so immense, it is visible from space. With around four million solar panels, Longyangxia Dam Solar Park has a capacity of 850 megawatts (MW) – pushing the country closer to its ambitious renewable energy goals. NASA recently shared satellite images of the solar park as seen from space -- and they are admittedly impressive.

The award for world’s largest solar farm has switched hands rapidly in the last few years. In 2014, California’s 550 MW Topaz Solar Farm was the biggest, but a year later the state’s 579 MW Solar Star claimed victory. The next year, 2016, saw India’s 648 MW Kamuthi Solar Power Project topple the throne, only to be ousted by the Longyangxia Dam Solar Park this year.

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