Empowering the Green Transition - Week 30/2024

Welcome to our weekly newsletter, featuring key updates from the world of renewable energy and electromobility! We begin with the forecasted tripling of renewable energy demand in response to rising electricity consumption, highlighting the growing shift towards sustainable energy sources. Additionally, ChargePoint has set a new industry record by reaching 1 million charging ports globally. Tesla's Q2 2024 results also made headlines with a remarkable $1 billion revenue beat. These developments underscore the dynamic changes and advancements shaping our energy future. Stay informed with these significant updates!???????? Enjoy the read! ?

USA: renewable energy demand set to triple amid rising electricity consumption

According to the CEO of NextEra, renewable energy demand in the United States is expected to triple as electricity consumption surges. This growth is driven by increasing electrification across various sectors, including transportation and industrial processes. The expansion of renewable energy sources like wind and solar is crucial to meeting this rising demand and reducing reliance on fossil fuels. The energy sector's shift towards renewables not only supports environmental sustainability but also promotes economic growth and job creation.?

Tesla sets new record with $1 billion revenue beat in Q2 2024

Tesla reported a $1 billion revenue beat for Q2 2024, achieving a total of $25.5 billion, surpassing Wall Street expectations. This success was driven by a record 9.4 GWh of energy storage deployments and significant growth in their energy division, generating $3 billion. The company also saw a rebound in vehicle deliveries and record regulatory credit revenues.

Did you miss our webinar on Virtual Power Plants and Demnad Response???

In our latest Codibly-hosted webinar, we partnered with CPower Energy to delve into "Virtual Power Plants and Demand Response: Lessons Learned, Latest Insights, and Innovations in Load Flexibility." Expert speakers Jay Snyder, C.E.M. from CPower, and Spencer Borison from Codibly shared valuable perspectives on demand flexibility, technical implementation strategies, and real-world case studies. This insightful session highlighted the importance of staying ahead in the Virtual Power Plant space - if you missed the event, don’t worry! The recording is available here.

ChargePoint reaches 1 million charging Pports milestone, sets new record

ChargePoint has reached a significant milestone, offering 1 million electric vehicle charging ports worldwide, marking a record in the industry. This network, spanning North America and Europe, has provided over 10 billion miles of electric driving, equivalent to avoiding 410 million gallons of gasoline and over 2.2 million metric tons of greenhouse gas emissions. This achievement underscores the growing infrastructure for EVs and the push towards sustainable transportation.?

Solar cell factory set to alleviate industry shortages and boost domestic production

Heliene and Premier Energies are partnering to build a new solar cell factory in the United States, responding to increasing demand for US-made solar components. This joint venture will produce 1 GW of N-Type cells annually, leveraging incentives from the Inflation Reduction Act. The new facility, located near Minneapolis, aims to address the current shortage of domestic solar cell manufacturing capacity and is expected to be operational by Q2 2026.

UK: Crown Estate boosts investment in offshore wind power for a greener future

The Crown Estate in the United Kingdom is significantly increasing its investments in wind power, reflecting the country's growing commitment to renewable energy. With new offshore wind projects, the UK aims to boost its renewable energy capacity, targeting a substantial reduction in carbon emissions. These initiatives are expected to support the country's goal of achieving net-zero emissions by 2050, while also fostering economic growth and job creation in the green energy sector.?

Solar-powered car sets new cross-country record in US Cannonball Run

A groundbreaking achievement was made in the United States as a solar-powered car set a new record in the Cannonball Run, completing the cross-country journey faster than any previous solar vehicle. This record-breaking feat highlights the advancements in solar vehicle technology, demonstrating significant improvements in efficiency and range. The journey not only showcases the potential for renewable energy in automotive applications but also inspires future innovations in sustainable transportation.

Xiaomi's 1,548hp SU7 Ultra prototype sets sights on world records

Xiaomi's SU7 Ultra prototype, boasting 1,548 horsepower and a tri-motor setup, is transitioning into a production version. This high-performance electric vehicle aims to challenge world records as the fastest four-door car, featuring an impressive 0-100 km/h time of 1.97 seconds. The production version will retain most features of the prototype, with a focus on showcasing its capabilities at the Nürburgring later this year.?

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