Mining in Australia is big business, very big business. The royalties fund much of the government spending at the state and federal level. Providing over 10% of Australia’s GDP, or $200 billion AUS, Australia’s mining companies demand to be listened to. So, when BHP sells its coal and oil assets and starts talking up electric vehicles and the minerals it needs to mine, people listen.
Just two days ago, BHP Nickel West asset president Eddy Haegel announced at the annual Diggers and Dealers conference that BHP expected EVs to achieve global penetration of 25% by 2030. This is much earlier than many industry watchers in the conservative camp anticipated. Most of us in the EV community might say that’s still too conservative.
BHP hit the international news recently when it inked a deal with Tesla to supply nickel. Not just to supply it, but to produce it in an environmentally friendly way. Although BHP believes its Nickel West operations were among the “most sustainable and lowest carbon emission” producers of nickel around the world, Tesla thought there was room for improvement. BHP will now build two new solar farms and a battery energy storage system to help power its operations in Western Australia’s Goldfields region, and cut its dependence on diesel and gas.
The deal is estimated to be worth more than a billion dollars. So BHP is pivoting to nickel (after previously planning to sell off these assets as not part of its core business). BHP is already a leader in the mining of copper.
Meanwhile Australia’s export of lithium from its hard rock mines is growing rapidly. At the moment, it is worth about $1 billion p.a. and projected to reach $6 billion by 2026. Please note this is a vastly different from the environmentally damaging processes used in Chile.
The Australian federal government is encouraging investment in the lithium industry and funding a national lithium research centre to operate out of Curtin University in Perth. This $135 million investment in the future aims to make Western Australia a hub for research in lithium battery manufacturing.
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A Tesla Model S has caught fire while charging at a Supercharger station in France. Tesla is investigating the issue, and the station is temporarily closed.
Sunday night, a fire was reported at the Tesla Supercharger station in Pontarlier, a small community in France near the border with Switzerland.
The firefighters were called, and they were able to extinguish the fire, which appeared to have originated from a Model S that was plugged into the Supercharger.
The car was supervised until this morning to ensure it didn’t reignite.
The local newspaper L’Est Republicain shared a picture of the aftermath, which shows the Tesla Model S is a total loss:
According to the local paper, Tesla sent a technician from Lyon to investigate the issue (translated from French):
A Tesla technician came from Lyon during the night to investigate the causes of the fire. The investigation is still ongoing.
Electric vehicle batteries can sometimes catch on fire, but statistically, they don’t catch on fire at a higher rate than fossil fuel-powered vehicles.
Like with fossil fuel-powered vehicle fires, most EV fires occur after a significant crash. However, it can happen that a vehicle catches on fire by itself. In those cases, it’s important to investigate and make sure to track down the cause of the fire in order to make EVs safer.
For example, this is what happened with the Chevy Bolt EV battery recall.
The first all-electric Ferrari is expected to make its first official appearance later this year. Ahead of its debut, Ferrari’s first EV was spotted testing with an updated design. Take a look at it below.
Ferrari’s first EV caught testing ahead of its official debut
Despite an expected debut later this year, Ferrari has been, for the most part, tight-lipped about its first electric car.
CEO Benedetto Vigna promises it will be “a lot of fun” to drive, as expected from a Ferrari.” Vigna explained, “People buy a Ferrari because when they buy a Ferrari, they have a lot of fun.” The first fully electric model will be no different.
Although it has taken longer than many wanted, Ferrari’s CEO promises its first EV will be built “the right way.” It will still include all the Ferrari-like sound and signature design elements but in an all-electric form.
We caught a glimpse of the upcoming EV a few times already last year as it hit the road for testing. However, the most recent sighting, courtesy of Varryx, gives us an even closer look. The new video reveals an updated prototype and new design features you can expect to see.
Despite still being covered in camouflage, you can see the prototype is wearing new headlights and body panels. It also has several wires and brackets exposed up front.
Like previous sightings, Ferrari’s first EV prototype still has fake tailpipes. As the car passes, you can hear an exhaust-like sound, hinting that a fake one like Dodge’s electric charger could be in the works.
Last summer, Ferrari opened its new e-building, where the first electric car will be built. The facility will also build e-motors, batteries, and inverters. As you can see, the first electric Ferrari will be a crossover SUV similar to the Purosangue.
The electric crossover SUV is expected to make its first official appearance later this year as a 2026 model. By 2026, Ferrari aims for EVs and plug-in hybrids (PHEVs) to account for 60% of sales.
What do you think of Ferrari’s electric crossover? Let us know in the comments. Check back soon for more leading up to its debut later this year.
Source: Varryx
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The White House announced today that President Joe Biden is banning new offshore oil and gas drilling along 625 million acres of US coastline, taking the total area of ocean he’s protected to 670 million acres.
Biden, who wraps up his term in just two weeks, has used his authority under Section 12(a) of the Outer Continental Shelf Lands Act, which allows him to withdraw any unleased areas of the Outer Continental Shelf from future offshore drilling. Biden is protecting stretches of the East and West coasts, the eastern Gulf of Mexico, and parts of Alaska’s Northern Bering Sea.
“In balancing the many uses and benefits of America’s ocean, it is clear to me that the relatively minimal fossil fuel potential in the areas I am withdrawing do not justify the environmental, public health, and economic risks that would come from new leasing and drilling,” Biden said in a statement on Monday.
Biden continued, “The Deepwater Horizon oil spill [pictured above], a man-made catastrophe that took the lives of 11 people and spilled millions of barrels of oil into the waters of the Gulf of Mexico, is a solemn reminder of the costs and risks of offshore drilling to the health and resilience of our coasts and fisheries and underscores the importance of the legal protections I am putting in place today.”
Previous presidents from both parties have used this authority to withdraw large areas from oil and gas leasing. In 2020, the Trump administration protected North Carolina through Florida for 10 years in response to wide opposition to drilling from Republicans and voters, but the protections were set to expire in 2032. Biden’s announcement now permanently protects these areas. Trump, however, says he wants to overturn Biden’s oil drilling ban “on day one.”
Joseph Gordon, campaign director for the ocean conservation group Oceana, said in a statement, “President Biden’s new protections add to this bipartisan history, including President Trump’s previous withdrawals in the southeastern United States in 2020. Our treasured coastal communities are now safeguarded for future generations.”
The oil industry currently holds more than 2,000 leases, according to a 2023 Oceana report, with 75% of that ocean acreage currently unused.
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