EU chief calls for more military independence amid new ‘era of regional rivalries’

Published

4 years ago

September 19, 2021

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European Commission President Ursula Von Der Leyen addresses European lawmakers on the inauguration of the new President of the United States.

FRANCISCO SECO | AFP | Getty Images

LONDON — There is a new international order, where competition is fierce and some nations “stop at nothing to gain influence,” European Commission President Ursula von der Leyen said Wednesday.

Speaking at her annual “State of the Union” parliamentary address, von der Leyen described the currrent environment of foreign relations as “a new era of hyper-competitiveness.”

“An era of regional rivalries and major powers refocusing their attention towards each other,” she said, while adding that “recent events in Afghanistan are not the cause of this change — but they are a symptom of it.”

The withdrawal of American and allied troops from Afghanistan fueled a much faster-than-expected takeover of the country by the Taliban. The whole process and subsequent evacuation efforts have raised concerns in the EU about its dependence on the United States in terms of defense and security.

As such, some EU leaders have resurfaced the concept of a strategic autonomy — the idea that the bloc needs to develop its own defense capabilities — and a topic that von der Leyen is keen to pursue.

“Witnessing events unfold in Afghanistan was profoundly painful for all the families of fallen servicemen and servicewomen,” von der Leyen said Wednesday.

“Europe can — and clearly should — be able and willing to do more on its own … What we need is the European Defense Union,” she said.

The topic is likely to be in focus in the first half of 2022, when France, a keen supporter of the idea, is in charge of leading the discussions at the EU-level.

China’s Climate Plan

During her hour-long speech, von der Leyen also asked China to be more concrete about its carbon neutrality plans.

The country has pledged to be carbon neutral by 2060, but for von der Leyen this is not enough.

“The goals that President Xi has set for China are encouraging. But we call for that same leadership on setting out how China will get there. The world would be relieved if they showed they could peak emissions by mid-decade — and move away from coal at home and abroad,” von der Leyen told lawmakers.

She said that all major economies, including the U.S. and Japan, should present detailed plans toward carbon neutrality by the upcoming COP26 conference in Glasgow in November.

The EU has been leading this space, presenting in July a concrete set of measures to cut greenhouse gas emissions by at least 55% by 2030.

This topic is becoming increasingly more important as Europeans face higher energy bills amid a natural gas shortage and structural issues. This is raising concerns across the bloc as member states look ahead to colder temperatures in the coming months, which could result in even higher costs when the economy is still just resurfacing from the coronavirus pandemic.

The governments of Spain and Greece have already announced measures to offset some of the recent spike in energy prices. While Spain introduced temporary tax cuts, Greece said it would spend 150 million euros ($177 million) to cut energy bills for consumers over the next three months.

Mateusz Morawiecki, Poland’s prime minister, claimed last week that energy prices were going up due to the EU’s climate policies, Politico reported.

Frans Timmermans, who leads the climate policy portfolio at the European Commission, said Tuesday that “only about a fifth of the price increase can be attributed to CO2 prices rising.”

“The others are simply about shortages in the market,” he told the European Parliament.

“Had we had the green deal five years earlier we would not be in this position because then we would have less dependency on fossil fuels and natural gas,” Timmermans said, arguing that the commission’s climate plan would avoid such energy price increases.

Environment

This $900 million solar farm in Texas is going 100% to data centers

Published

16 hours ago

July 22, 2025

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This 0 million solar farm in Texas is going 100% to data centers

Texas solar Meta — Photo by Kelly on Pexels.com

Enbridge is going big on solar again in Texas, and Meta is snapping up all the solar power it can get.

Last month, Electrek reported that the Canadian oil and gas pipeline giant just launched its first solar farm in Texas. Now it’s given the green light to Clear Fork, a 600 megawatt (MW) utility-scale solar farm already under construction near San Antonio. The project is expected to come online in summer 2027.

Once it’s up and running, every bit of Clear Fork’s electricity will go to Meta Platforms under a long-term contract. Meta will use the solar power to help run its energy-hungry data centers entirely on clean energy.

The solar farm project’s cost is around $900 million. Enbridge says it expects Clear Fork to boost the company’s cash flow and earnings starting in 2027.

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Enbridge EVP Matthew Akman said the project reflects “growing demand for renewable power across North America from blue-chip companies involved in technology and data center operations.”

Meta’s head of global energy, Urvi Parekh, added that the company is “thrilled to partner with Enbridge to bring new renewable energy to Texas and help support our operations with 100% clean energy.”

Meta’s first multi-gigawatt data center, Prometheus, is expected to come online in 2026.

Clear Fork is part of a growing trend: tech giants like Meta, Amazon, and Google are racing to lock down renewable energy contracts as they expand their fleets of AI-ready data centers, which use massive amounts of electricity.

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Isuzu’s first electric pickup is impressive, but it’s not cheap

Published

17 hours ago

July 22, 2025

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Isuzu's first electric pickup is impressive, but it's not cheap

A fully electric Japanese electric pickup truck? It’s not a Toyota or Honda, but Isuzu’s new electric pickup packs a punch. The D-MAX EV can tow over 7,770 lbs (3,500 kg), plow through nearly 24″ (600 mm) of water, and it even has a dedicated Terrain Mode for extreme off-roading. However, it comes at a cost.

Meet Isuzu’s first electric pickup: The D-MAX EV

After announcing that it had begun building left-hand drive D-MAX EV models at the end of April, Isuzu said that it would start shipping them to Europe in the third quarter.

By the end of the year, Isuzu will begin production of right-hand drive models for the UK. Sales will follow in early 2026.

Isuzu announced prices this week, boasting the D-MAX EV features the same “no compromise durability” of the current diesel version.

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The D-MAX EV pickup features a full-time 4WD system, a towing capacity of up to 3.5 tons (7,700 lbs), and an added Terrain Mode, which Isuzu says is designed for “extreme off-road capability.” With 210 mm (8.3″) of ground clearance, Isuzu’s electric pickup can wade through up to 600 mm (24″) of water.

Powered by a 66.9 kWh battery, Isuzu’s electric pickup offers a WLTP range of 163 miles. With charging speeds of up to 50 kW, the D-MAX EV can recharge from 20% to 80% in about an hour.

The electric version is nearly identical to the current diesel-powered D-Max, both inside and out, but prices will be significantly higher.

Isuzu D-Max EV specs and prices
Drive System	Full-time 4×4
Battery Type	Lithium-ion
Battery Capacity	66.9 kWh
WLTP driving range	163 miles
Max Output	130 kW (174 hp)
Max Torque	325 Nm
Max Speed	Over 130 km/h (+80 mph)
Max Payload	1,000 kg (+2,200 lbs)
Max Towing Capacity	3.5t (+7,700 lbs)
Ground Clearance	210 mm
Wading Depth	600 mm
Starting Price (*Ex. VAT)	£59,995 ($81,000)

Isuzu D-Max EV electric pickup prices and specs

Isuzu’s electric pickup will be priced from £59,995 ($81,000), not including VAT. The double cab variant starts at £60,995 ($82,500). In comparison, the diesel model starts at £36,755 ($50,000).

The EV pickup will launch in extended and double cab variants with two premium trims: the eDL40 and V-Cross. Pre-sales will begin later this year with the first UK arrivals scheduled for February 2026. Customer deliveries are set to follow in March.

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AI startups raised $104 billion in first half of year, but exits tell a different story

Published

17 hours ago

July 22, 2025

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AI startups raised 4 billion in first half of year, but exits tell a different story

In this photo illustration, Claude AI logo is seen on a smartphone and Anthropic logo on a pc screen. (Photo Illustration by Pavlo Gonchar/SOPA Images/LightRocket via Getty Images)

Sopa Images | Lightrocket | Getty Images

OpenAI and Anthropic continue to lead a fundraising bonanza in artificial intelligence, raising historic rounds and stratospheric valuations.

But when it comes to finding AI exits for venture firms, the market looks a lot different.

AI startups raised $104.3 billion in the U.S. in the first half of this year, nearly matching the $104.4 billion total for 2024, according to PitchBook. Almost two-thirds of all U.S. venture funding went to AI, up from 49% last year, PitchBook said.

The biggest deals follow a familiar theme. OpenAI raised a record $40 billion in March in a round led by SoftBank. Meta poured $14.3 billion into Scale AI in June as part of a way to hire away CEO Alexandr Wang and a few other top staffers. OpenAI rival Anthropic raised $3.5 billion, while Safe Superintelligence, a nascent startup started by OpenAI co-founder Ilya Sutskever, raised $2 billion.

While Meta’s massive investment into Scale AI amounted to a lucrative exit of sorts for early investors, the overarching trend has been a lot more money going in than coming out.

In the first half, there were 281 VC-backed exits totaling $36 billion, according to PitchBook. That includes the roughly $700 million acquisition of EvolutionIQ, an AI platform for disability and injury claims management, by CCC Intelligent Solutions, and the public listing of Slide Insurance, which builds AI-powered insurance offerings for homeowners. Slide is valued at about $2.3 billion.