Solarflux has created an online tool called CASPER, which stands for CSP Performance Comparison. CSP Technology is in reference to Concentrating Solar Power, which focuses heat from sunlight to create steam to drive a turbine that generates electrical power. It is completely different from solar PV.
CASPER is a web-based tool that compares the energy collection and conversion efficiency of the Solarflux FOCUS parabolic dish concentrator with other widely used CSP technologies.
The goal is for users to be able to see which possibilities work better for them based on their location. CASPER has a location feature that allows a user to enter their city and see how much Direct Normal Irradiance (DNI) is available. This is a snazzy term for direct sunlight. So, in laymen’s terms, it shows a user how much sun their city gets on a clear day; it breaks it down month by month for that location. This enables a user to see how much solar thermal energy could be captured and utilized by the FOCUS compared with how much solar thermal energy could be captured and utilized by other alternative CSP tech.
CASPER uses a NASA DNI database for the comparison, which is performed assuming equal reflective mirror area for each technology. Solarflux noted that claimed parabolic trough peak efficiency percentages can range anywhere from the mid 50s to the low 70s, but these measurements are usually under lab conditions.
FOCUS Compared To Other CSP Technologies
Solarflux created the FOCUS parabolic dish to be perfectly aligned with the sun from sunrise to sunset. This allows for optimal exposure of its reflective area. The FOCUS uses a two-axis tracking system, which sets it apart from other parabolic troughs using single-axis tracking systems. The company pointed out that as latitude increases, the advantage of two-axis tracking systems over single-axis tracking systems becomes more pronounced.
To demonstrated this, they compared the annual average efficiency of the FOCUS vs. trough across a year for Barcelona, Spain, which has a latitude of 41.4, and Aruba, which has a latitude of 12.5.
Signage outside the Cleveland-Cliffs Inc. Cleveland Works steel mill in Cleveland, Ohio, US, on Wednesday, Aug. 17, 2022.
Luke Sharrett | Bloomberg | Getty Images
Cleveland-Cliffs is looking into building a rare earths mining business, CEO Lourenco Goncalves told investors Monday.
The steelmaker has two sites in Michigan and Minnesota where geological surveys have found indications of rare earths, Goncalves said in a statement on Cleveland-Cliffs’ third-quarter earnings.
Shares of Cleveland-Cliffs were trading about 17% higher.
“If successful, it would align Cleveland-Cliffs with the broader national strategy for critical material independence, similar to what we achieved in steel,” the CEO said “American manufacturing shouldn’t rely on China or any foreign nation for essential minerals, and Cliffs intends to be part of the solution.”
Rare earths are used to manufacture magnets that are key inputs in U.S. weapons platforms, electric vehicles, semiconductor fabrication, robotics and other applications.
China dominates the global rare earth supply chain and the U.S. is dependent on Beijing for imports. Beijing imposed strict export controls on rare earths earlier this month, provoking President Donald Trump to threaten 100% tariffs in retaliation.
The U.S. has only one commercial rare earth mine. The Defense Department struck a deal in July with the mine’s owner, MP Materials, that included an equity stake, a price floor and an offtake agreement.
Investors have been speculating that the Trump administration will strike similar deals with other U.S. companies that are trying to stand up domestic rare earths mines and processing facilities.
This is a developing story. Please check back for updates.
Lucid Motors (LCID) is recruiting more high-profile stars to spotlight its new luxury electric SUV, the Gravity.
The luxury EV maker is teaming up with some of the NBA’s biggest stars, Jalen Brunsen and Josh Hart, in its latest collaboration.
Lucid enlisted Jalen and Josh, teammates on the New York Knicks, for a new market campaign designed to celebrate “those who refuse to settle for the status quo.”
Keep a lookout this Wednesday, October 22, during the New York Knicks home opener against the Cleveland Cavaliers to see Jalen and Josh hype the Lucid Gravity electric SUV.
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Lucid, Hart, and Brunson plan to showcase “how precise performance, cultural influence, and athletic excellence come together — on the court, on the road, and in the moments that move individuals.” The partnership is the latest as Lucid builds a roster of high-profile celebrities and athletes to promote the brand.
NBA superstars Jalen Brunson and Josh Hart alongside the Lucid Gravity (Source: Lucid Motors)
“To be one of the best, you have to be willing to do whatever it takes,” Brunson said, adding “It’s a commitment to improving every day, and never accepting that you can’t reach that next level. I see that same passion for excellence in Lucid.”
Lucid said the collaboration “underscores the brand’s mission to compromise nothing” as it builds a roster of high-profile celebs and athletes to promote the new Gravity electric SUV.
Lucid also attended NFL star Travis Kelce’s, Kelce Car Jam last month. For every test drive, Lucid donated $87 to Kelce’s Eighty-Seven and Running Foundation. Kelce founded Eighty-Seven & Running in 2015 to mentor disadvantaged youth, help develop their skills, and motivate them to get out and do their best.
As it ramps up output, the EV maker has been actively promoting the Gravity. Last week, Lucid trolled Tesla on social media in a video asking Elon Musk’s Grok, “What’s the best luxury EV?”
Grok’s answer: The 2025 Lucid Air. Do you agree? ChatGPT and CoPilot said the same.
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Elon Musk has openly threatened to leave Tesla, or at least his role as CEO, if he doesn’t get his ridiculous compensation.
He is now saying the quiet part out loud.
Tesla shareholders are about to vote on a new, controversial compensation package for Elon Musk.
While many are focused on the ridiculous size of the stock options, which could be worth up to $1 trillion, many analysts have highlighted other problems with the package.
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A Reuters report last week noted that, with business as usual and a market capitalization growth below the S&P average, Musk could still receive one or even two tranches of his compensation package, worth between $20 billion and $40 billion.
In short, under the rules of the package, Musk could receive the biggest payday in history for returning below average returns.
That’s on top of the CEO already having received more compensation from Tesla than the company has earned in profits since its existence.
One commentator on X pointed out the concern about the first tranche of the compensation plan. Instead of addressing the genuine concern, Musk responded by boasting about Tesla’s market capitalization and suggesting that he won’t be Tesla’s CEO if he doesn’t get the pay:
Tesla is worth more than all other automotive companies combined. Which of those CEOs would you like to run Tesla? It won’t be me.
The CEO then shared posts encouraging Tesla shareholders to vote for the shareholders meeting, which is happening on November 6th.
Electrek’s Take
There are many issues with this comment. First off, it completely ignores a real problem with the comp package. Even if you believe that Musk would deserve $1 trillion in compensation for bringing Tesla’s valuation to $20 trillion, the package shouldn’t allow for Musk to make tens of billions from below average return.
It looks like the package is being used as a trojan horse to dazzle shareholders with the promise of unlikely crazy returns when the more likely outcome is to give Musk what would still be a record compensation for Tesla delivering a below average return on investment.
The fact that Musk doesn’t want to address this clear issue is a red flag.
Furthermore, Musk is using a dirty card: you play by my rules or I’m gone.
This is what I previously called the ‘Tesla Dilemma’: Elon Musk is destroying Tesla’s profitable car business, but at the current valuation, his lies about self-driving and robots is what is keeping the stock alive.
Therefore, Tesla shareholders are disincentivized to vote against Musk if he threatens to leave because he would leave with his stock pumping lies – leading in the stock crashing.
He has a complete hold on Tesla and he is going to force shareholders to give him another ridiculous stock compensation package.
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