Connect with us

Published

on

In this article

Coal is one of the world’s biggest polluters, with its transportation, storage and usage accounting for around 40% of the world’s greenhouse gas emissions, according to the United Nations.

One executive who says she wants to help reduce the Asia-Pacific region’s dependence on the fossil fuel is Somruedee Chaimongkol, chief executive of energy firm Banpu Public Company. The company has operated coal mines in Thailand for almost four decades.

Sometimes known as Asia’s “first lady of coal,” Chaimongkol became CEO of the company since 2015 and established what she called a “greener, smarter” business plan for the firm the following year.

“Since 2010, we talk about transformation. And since 2015, when I succeed my predecessor as CEO, we start to implement on the greener, smarter [plan]. For the past five years, we spent $2 billion and 90% of [that went on] … a greener investment, such as gas, such as renewable energy, and energy technology,” Chaimongkol told CNBC’s “Managing Asia: Sustainable Future.”

“[There are] a lot of mega trends happening — digitalization, decarbonization, decentralization — and that sped up Banpu to produce a new, greener, smarter strategy,” she added.

Founded in 1983, Thailand’s Ban Pu Coal Company Limited began its operations in the country’s northern Lamphun Province and listed on the Thai stock exchange six years later. In 1993, it took on its current trading name, and in the following years expanded into other parts of Southeast Asia and China.

Last year it established Banpu Next, which encompasses its energy technology businesses including electric vehicles, renewable energy plants and electric ferries.

Banpu’s 2020 annual report indicates that coal accounted for more than 95% of Banpu Public Company Ltd’s revenue in 2020, a figure more or less in line with 2019. The same annual report shows that including the company’s overseas subsidiaries, coal accounted for more than 80% of total revenue.

The company has been buying up natural gas assets in the United States for the last several years.

In March, the firm said it wants to make half of its earnings from “green” energy by 2025.

“We are adding more rapidly on the renewable generation in Japan, Vietnam and in China … And we have set up Banpu Energy Australia,” Chaimongkol said.

Electric vehicles

The company also wants to create an energy “ecosystem” within Banpu NEXT, covering everything from energy creation and storage, to distribution and building charging stations for EVs. Chaimongkol said the division can generate “significant” revenue by 2025.

“Under Banpu NEXT, currently the major revenue contribution is still from energy generation from solar farm and wind farm. Going forward, we will scale up on … [the] energy technology,” she explained.

One aspect of the new system is a tech platform that helps to manage fleets of electric three-wheel taxis known as tuk-tuks, as well as four-wheel vans. “What we are selling to our customer is selling the platform, selling the solution, managing … a fleet [and providing] … e-charging station[s],” Chaimongkol explained. In November, Banpu NEXT launched an electric powered ferry that will operate rides for tourists around the Thai island of Phuket, and in March it invested in Urban Mobility Tech Co (UMT), an EV ride-sharing company based in Bangkok.

A mini electric vehicle from Banpu Next in Bangkok on February 26, 2021.
Romeo Gacad | AFP | Getty Images

Will Banpu ever exit coal mining altogether? Not in the next five to 10 years, according to Chaimongkol, as there will still be a demand from customers for it. But the company won’t invest in new coal assets, she said, adding it will instead be pumping money into renewable energy and in doing so reducing the contribution of coal to the firm’s turnover.

Chaimongkol said future business plans would “embed” sustainable policies and gave the impression she’d like to move away from her “first lady of coal” nickname. “Right now, Banpu is transforming and … our direction is towards a greener, smarter [plan]. But if [we] talk about leading the company, I would say Banpu is an energy company,” she stated. Her leadership is about making sure managers of the firm’s four divisions — minerals, gas production, conventional coal-fired power and Banpu NEXT — can focus on the “greener” strategy, she added.

Banpu has been selected as a member of the Dow Jones Sustainability Indices benchmark for seven consecutive years, which Chaimongkol hopes will appeal to investors. Companies are chosen following an assessment of ESG (environmental, social and governance) criteria.

“I hope that investor[s] will see this strong … commitment [to] being a conscious company. I hope that it will reflect in the value of the company going forward,” she said.

Continue Reading

Environment

Velotric Nomad 2 launched as an ultra-comfortable fat tire adventure e-bike

Published

on

By

Velotric Nomad 2 launched as an ultra-comfortable fat tire adventure e-bike

Velotric has continued to regularly update its popular e-bike models, with the latest launch today bringing us the Nomad 2. This fat tire adventure bike carries a host of new features and components, offering a powerful yet comfortable ride on both city streets and off-road trails.

The Velotric Nomad 2 sports a 750W nominally-rated motor with a true 90 Nm of torque. In other words, it’s designed to eat hills for breakfast and lay down some real power when riders need it most. And with both throttle-activated control and 15 levels of responsive pedal assist, that power can be dialed in to the right level for each rider’s own taste. And with a maximum speed of 28 mph, the bike is fast enough to keep up with traffic… when riders aren’t enjoying a relaxing trail ride.

Speaking of pedal assist, Velotric offers what they call SensorSwap, a feature in the pedal assist system that uses both a cadence sensor and a torque sensor and allows riders to select which sensor is being used at any time. The former allows riders to pedal easily while still getting impressive power output from the motor, while the latter offers more intuitive riding that provides a more natural feeling akin to pedaling a bike with extra powerful legs.

Torque sensors are often considered superior for their more refined experience, but cadense sensors are still praised by riders who don’t want to put in the extra effort required by torque sensors. With a torque sensor, the rider’s pedaling effort is multiplied, but a cadense sensor lets riders feel like they’re pedaling without needing to actually provide as much of their own ‘oomph’.

Advertisement – scroll for more content

The Nomad 2’s design includes off-road features such as 26×4.0″ tires, a 100mm travel hydraulic suspension fork, and an included parallel linkage suspension seat post.

Combined with the powerful motor that offers 1,000 lb of towing capacity (plus 505 lb of payload), the 75 lb e-bike is built to handle just about anything, and that includes nearly any trail.

“Sometimes the road less traveled is the better one,” says Adam Zhang, the CEO of Velotric. “Nomad 2 speaks to those who love the journey, and the occasional detour! Whether you’re climbing trails, hauling heavy loads, or simply cruising, our latest bike gives you the freedom to ride further, faster, and more comfortably than ever before.”

And since off-road adventures often don’t have clear-cut end times, the bike offers 65 miles of maximum range thanks to the 48V and 14.7 Ah battery with 705 Wh of capacity. That battery is UL-listed and IPX7 waterproof, meaning you can dunk it in water. I’ve done exactly that with Velotric batteries before and they’ve survived for many more rides.

Rounding out the feature list includes a 3.5″ color display, Bluetooth connectivity, USB-C phone charger, 500 lumen headlight, tail light with turn signals, included rear rack with fenders, hydraulic disc brakes, an 8-speed Shimano transmission, and more.

The Velotric Nomad 2 is priced at $1,999 and went on sale today.

Riders can snag it in two sizes with four color options, and with a choice between a high-step and a step-through frame style.

FTC: We use income earning auto affiliate links. More.

Continue Reading

Environment

Tesla store gets taken over by Musk protesters, 9 people arrested

Published

on

By

Tesla store gets taken over by Musk protesters, 9 people arrested

A Tesla store in New York City has been taken over by people protesting Elon Musk – disrupting the operations.

As we have reported over the last few weeks, there’s a growing movement called “Tesla Takedown,” under which grassroots protests are being organized at Tesla stores around the world.

There have been many more protests this weekend. Some of them had truly impressive turnouts.

For example, hundreds of people showed up to protest at Tesla’s Tuscon location (via Andy Flach):

Advertisement – scroll for more content

These protests have been peaceful and legal, but there have been a few exceptions.

At Tesla’s Manhattan store in New York City today, some protestors managed to get inside the store and it started to cause problems.

Here’s a video (via Oliya Scootercaster ):

About 300 people showed up to the protests. Most of them stayed protesting peacefully outside, but a handful of people got in and Tesla employees had to close the stores as more tried to get in.

The police confirmed having arrested 9 people, but the charges are not clear as of now.

In videos of the aftermath, it looks like a few glass doors and windows were broken.

Similar protests have been reported in most major cities in the US and they are planned for the next few weeks.

Electrek’s Take

This is getting bigger and still gaining momentum. I’m honestly surprised by the response. I thought it would last weekend with a few dozen people at a few stores and that’s it.

But it looks like now thousands of people are getting active and it’s becoming a real problem for Tesla.

Enough to get the board to act and remove Elon Musk? I doubt it. Elon has done plenty of fireable offenses and they haven’t even blinked – because they are all in Elon’s pockets.

I think the stock price is the only thing that can really get things moving.

FTC: We use income earning auto affiliate links. More.

Continue Reading

Environment

MAN Trucks Electric Commercial Vehicles Consultation wants to electrify your fleet

Published

on

By

MAN Trucks Electric Commercial Vehicles Consultation wants to electrify your fleet

Electrifying your commercial fleet is a tricky thing. Sure, you want to cut your fuel costs. You want to reduce your operating variables. Heck you you even want to help corporate meet their ESG goals – but where do you start? MAN Trucks is here to help fleet managers get answers.

As more and more heavy trucking fleets begin to deploy electric assets, they’re proving that operators’ range anxiety may be a myth on most routes. That’s true enough here in North America, and truer still in Europe where distances between cities are condensed and trucks like the Mercedes eActros and Renault E-Tech T semi roam.

MAN Trucks are also a popular choice in Europe, and their leadership – unlike most in the industry – have been especially vocal in their criticism of hydrogen, and have fully embraced battery-electric vehicles. As such, it’s no wonder that the company took to LinkedIn to announce its MAN electric commercial vehicles consultation team.

“It’s Full Power here with the MAN electric commercial vehicles consultation team,” writes Roger Turnbull, Head of EV Truck Consultation at MAN Truck. “After another busy week of meetings presenting to haulage and transport organizations of all sizes across the UK – you can feel the EV interest and enthusiasm growing.”

Advertisement – scroll for more content

MAN Trucks’ consultation team helps commercial fleet operators in Europe and the UK fully understand the needs of their fleet, analyzes their fuel and maintenance costs, and helps them get a better understanding of what fleet assets are prime candidates for electrification, and what sort of charging solutions might work best for their operations – and that doesn’t always mean on-site charging.

With the capacity for onsite charging now becoming a reality for many plus proof that operators range anxiety maybe a myth on most routes, our industry is already stepping up a gear to find out more.

ROGER TURNBULL, MAN TRUCKS

Off-site charging solutions like those offered by Voltera and Zeem here in the US seem to be somewhat less common in Europe, but the electric trucking infrastructure as-a-whole seems to be a step or two ahead. That, combined with generally higher fuel costs compared to the US, make it a bit easier for fleets to electrify. And MAN will help them see that.

The best part? MAN’s consultation is free, and requires no obligation to buy. “Your MAN EV Consultation Team in the UK offer free information, advice and support,” offers Turnbull. “[Everything] from the basics to multi-vehicle using multiple site locations. Factually checked and honest.”

You can’t do much better than free, right?

Electrek’s Take

Fleet assessments and fleet asset audits are crucial steps on the path to successful fleet electrification. These comprehensive evaluations provide fleet operators with valuable insights into their current fleet operations, energy consumption patterns, and infrastructure needs. By carefully analyzing this data, fleet managers can make informed decisions about which vehicles to prioritize for electrification while minimizing the potential for “surprises” once the trucks are delivered and the funds are tied up.

If you’re a fleet manager reading this, you should get a fleet energy analysis set up soon – whether you’re planning to electrify or not.

SOURCE | PHOTOS: MAN Trucks.

FTC: We use income earning auto affiliate links. More.

Continue Reading

Trending