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Tesla has announced a 5 for 1 stock split after market close today – sending its stock (TSLA) jumping as much as 8% in after hours trading. The automaker made the announcement via its investor website on Tuesday: “Tesla, Inc. (“Tesla”) announced today that the Board of Directors has approved and declared a five-for-one split of
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August 8th, 2020 by Brad Rouse  Global problems need global solutions. Voluntary agreements and unilateral acts only go so far. We need a strategy to make climate action spread — to make it so contagious it will “go viral,” start a chain reaction, trigger a “domino effect.”  Climate Deniers Are Half Right! I often hear
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August 10th, 2020 by Steve Hanley  Vestas is a leading global supplier of wind turbines. It is also now the world’s largest wind turbine service supplier with more than 10,000 workers servicing 47,000 wind turbines around the world. Combined, those turbines produce 134 GW of renewable electricity — enough to prevent one hundred million tons
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Listen to a recap of the top stories of the day from Electrek. Quick Charge is available now on Apple Podcasts, Spotify, TuneIn and our RSS feed for Overcast and other podcast players. New episodes of Quick Charge are recorded Monday through Thursday and again on Saturday. Subscribe to our podcast in Apple Podcast or your favorite podcast player to guarantee
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Tesla has started pushing a new software update to its fleet and it includes interesting new features related to charging using Powerwall, suspension, and more. The automaker has started pushing the software update 2020.32.1 last night. According to the release notes, it includes several interesting updates including interactions with the Powerwall. Tesla called the new
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August 6th, 2020 by Saurabh  India’s Ministry of New and Renewable Energy has issued guidelines for round-the-clock supply of electricity by bundling solar and thermal power.  This type of bundling renewable energy with the thermal is first-of-a-kind in the world wherein consistent power to the grid is ensured without worrying about grid stability issues.  Under
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August 3rd, 2020 by Kyle Field  Improvements in the price and weight of lithium-ion batteries have made it practical to supercharge bicycles with powerful motors and battery packs boasting support for hundreds of miles. As the technologies underpinning e-bikes has improved, innovators are pushing the limits of what is possible within the framework of the
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Listen to a recap of the top stories of the day from Electrek. Quick Charge is available now on Apple Podcasts, Spotify, TuneIn and our RSS feed for Overcast and other podcast players. New episodes of Quick Charge are recorded Monday through Thursday and again on Saturday. Subscribe to our podcast in Apple Podcast or your favorite podcast player to guarantee
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August 5th, 2020 by Johnna Crider  Photo by Justin Stumberg/U.S. Navy (public domain). Several energy companies have filed for bankruptcy this year, citing the coronavirus pandemic and all that resulted as the cause. The U.S. has had its lowest energy consumption in 30 years this past spring, according to federal officials. There were sharp drops
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August 3rd, 2020 by Guest Contributor  Originally published by EV Annex.by Charles Morris Piddling contests between billionaires are an All-American tradition, and Elon Musk can hold his own against the best of them. He’s mixed it up with Mark Zuckerberg, who has called Musk an alarmist for his concerns about artificial intelligence, and jousted with Jeff Bezos, whose
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Tesla has reportedly abandoned plans to launch its ‘Tesla Energy’ products in South Korea after failing to obtain certification due to a strange problem. Back in 2018, Tesla started the process to launch energy products, Powerwall, Powerpack, and now Megapack in Korea. Now the Korea Times reports that Tesla has abandoned the launch after running
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Most rental electric scooter services are built on the principle of forgoing the cost of ownership by sharing scooters with everyone else. However, Unagi’s new electric scooter subscription Unagi All Access may be much more interesting in the face of the COVID-19 pandemic, when sharing with strangers has become a lot less appealing. Unagi has
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Mercedes-Benz and Chinese battery manufacturer CATL today announced a “major” partnership to “create cutting-edge battery technology” and supply batteries for the upcoming EQS electric car. Over the last few years, CATL has emerged as the leading battery supplier for electric automakers, not just in China, but around the world. Now they are adding Mercedes-Benz to
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August 4th, 2020 by Kyle Field  Siemens is pushing into microgrid development with news of the launch of a new microgrid test bed at its New Jersey R&D facility. The Siemens Advanced Microgrid Research and Demonstration Lab will work to integrate more traditional power generation, storage, and management solutions with Siemen’s core solutions in the
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Karma Automotive has raised a $100 million lifeline from outside investors, as reported by Bloomberg, with the struggling electric vehicle maker’s fortunes likely buoyed by the current market optimism on other EV companies including Tesla. Karma is the reincarnated version of Fisker Automotive, which previously faced bankruptcy before being acquired by Wanxiang Group in 2014.
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Tesla’s 2014 acquisition of SolarCity turned the electric vehicle manufacturer into the undisputed largest player in residential solar, but that lead has steadily eroded as its major competitor, Sunrun, surged ahead with more aggressive plans. Now with the $3.2 billion dollar acquisition of the residential solar installation company, Vivint Solar, Sunrun looks to solidify its
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DroneBase, a Los Angeles-based provider of drone pilots for industrial services companies, has raised $7.5 million during the pandemic to double down on its work with renewable energy companies. While chief executive Dan Burton acknowledged that the company was fundraising prior to the pandemic, the industrial lockdown actually accelerated demand for the company’s services. Even