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    SINGAPORE — Southeast Asia is going through an energy transition and there’s opportunity to scale up renewables in the region, according to the chief executive officer of a Philippines-based energy firm.

    “We’re very bullish on renewables, obviously, in Southeast Asia,” said John Eric Francia of AC Energy, adding that the company has seen great momentum since it shifted its focus to cleaner energy sources in 2016.

    AC Energy has 2,100 megawatts of renewable capacity and aims to increase that to 5,000 megawatts by 2025, he said. The company, which has operations in the Philippines, Vietnam, Indonesia, India and Australia, says around 80% of its capacity comes from renewable sources.

    While he acknowledged that the transition will be gradual, he told CNBC’s “Street Signs Asia” that recent events have pointed to the opportunity in renewables.

    “With everything — the volatility that’s happening in the global markets with fossil fuel and so forth, and the surprise resurgence of demand in various markets amidst the pandemic, I think we’ve got a great opportunity to really scale up renewables,” he said on Tuesday.

    Europe is facing an energy crisis as prices skyrocket due to a gas shortage and low wind output make it difficult for some countries to meet their energy needs.

    The U.K. fired up an old coal power plant to produce more electricity, and experts say the European Union’s green ambitions could be hit by soaring gas prices.

    But AC Energy’s Francia says renewables coupled with battery storage technology can solve this problem in the coming years, calling it a “massive opportunity.”

    He said the critical element and enabler is battery storage, given the intermittent and renewable nature of energy sources like wind or solar.

    “With the help from the electric vehicles sector, battery storage is becoming more and more scalable and competitive,” he said, predicting that it could be ready in three to five years’ time.

    For now, countries have to plan the transition to clean energy and use other fuels to complement renewables, Francia said.

    — CNBC’s Sam Meredith and Silvia Amaro contributed to this report.

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    First Solar opens a Louisiana factory that’s 11 Superdomes big

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    First Solar opens a Louisiana factory that’s 11 Superdomes big

    First Solar just cut the ribbon on a huge new factory in Iberia Parish, Louisiana, and it dwarfs the New Orleans Superdome. The company’s $1.1 billion, fully vertically integrated facility spans 2.4 million square feet, or about 11 times the size of the stadium’s main arena.

    The factory began production quietly in July, a few months ahead of schedule, and employs more than 700 people. First Solar expects that number to hit 826 by the end of the year. Once it’s fully online, the site will add 3.5 GW of annual manufacturing capacity. That brings the company’s total US footprint to 14 GW in 2026 and 17.7 GW in 2027, when its newly announced South Carolina plant is anticipated to come online.

    The Louisiana plant produces First Solar’s Series 7 modules using US-made materials — glass from Illinois and Ohio, and steel from Mississippi, which is fabricated into backrails in Louisiana.

    The new factory leans heavily on AI, from computer vision that spots defects on the line to deep learning tools that help technicians make real‑time adjustments.

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    Louisiana Governor Jeff Landry says the investment is already a win for the region, bringing in “hundreds of good-paying jobs and new opportunities for Louisiana workers and businesses.” A new economic impact analysis from the University of Louisiana at Lafayette projects that the factory will boost Iberia Parish’s GDP by 4.4% in its first full year at capacity. The average manufacturing compensation package comes in at around $90,000, more than triple the parish’s per capita income.

    First Solar CEO Mark Widmar framed the new facility as a major step for US clean energy manufacturing: “By competitively producing energy technology in America with American materials, while creating American jobs, we’re demonstrating that US reindustrialization isn’t just a thesis, it’s an operating reality.”

    This site joins what’s already the largest solar manufacturing and R&D footprint in the Western Hemisphere: three factories in Ohio, one in Alabama, and R&D centers in Ohio and California. Just last week, First Solar announced a new production line in Gaffney, South Carolina, to onshore more Series 6 module work. By the end of 2026, the company expects to directly employ more than 5,500 people across the US.

    Read more: First Solar pours $330M into a new South Carolina solar factory


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    Chevy previews a sporty new EV, but will it actually come to life?

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    Chevy previews a sporty new EV, but will it actually come to life?

    No, it’s not the new Bolt. GM’s design team previewed a new high-riding “sporty Chevrolet EV” that should be brought to life.

    Is Chevy launching a new sporty EV?

    This is the all-electric vehicle Chevy should sell in the US. General Motors’ design team released a series of sketches previewing a sporty new Chevy EV.

    Although it kinda looks like the new 2027 Chevy Bolt EV as a higher-sitting compact crossover SUV, the design offers a fresh take on what it should have looked like.

    The new Bolt is essentially a modernized version of the outgoing EUV model with a similar compact crossover silhouette. Nissan adopted a similar style with the new 2026 LEAF as buyers continue shifting from smaller sedans and hatchbacks to crossovers and SUVs.

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    Will we see the sporty Chevy EV in real life? It’s not likely. For one, the “exploration sketch” is by GM China Advanced designer Charles Huang.

    GM Design posted the sketches on its global social media page, but the caption read “Sporty Chevrolet EV for the China Market.”

    It’s too bad. The Bolt could use a sporty sibling like an SS variant. Chevy introduced the Blazer EV SS (check out our review) for the 2026 model year, its fastest “SS” model yet. Packing up to 615 horsepower and 650 lb-ft of torque, the Chevy Blazer SS can race from 0 to 60 mph in 3.4 seconds when using Wide Open Watts (WOW) mode.

    Will the Bolt be next? I wouldn’t get my hopes up. And if GM does bring the sporty Chevy EV to life, it will likely only be sold in China. Like all the fun cars these days.

    Chevy-sporty-new-EV
    The 2027 Chevy Bolt EV RS (Source: Chevrolet)

    What do you think of the design? Would you buy one of these in the US? Let us know your thoughts in the comments.

    While deliveries of the 2027 Bolt are set to begin in early 2026, Chevy is offering some sweet deals on its current EV lineup, including up to $4,000 off in Customer Cash and 0% APR financing for 60 months.

    Ready to test drive one? You can use our links below to find Chevy Equinox, Blazer, and Silverado EVs at a dealership near you.

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    Podcast: Electricity is the base currency, Tesla Robotaxi crashes, new Porsche Cayenne EV, and more

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    Podcast: Electricity is the base currency, Tesla Robotaxi crashes, new Porsche Cayenne EV, and more

    In the Electrek Podcast, we discuss the most popular news in the world of sustainable transport and energy. In this week’s episode, we discuss electricity becoming the base currency, Tesla Robotaxi crashes, the new Porsche Cayenne EV, and more.

    The show is live every Friday at 4 p.m. ET on Electrek’s YouTube channel.

    As a reminder, we’ll have an accompanying post, like this one, on the site with an embedded link to the live stream. Head to the YouTube channel to get your questions and comments in.

    After the show ends at around 5 p.m. ET, the video will be archived on YouTube and the audio on all your favorite podcast apps:

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    We now have a Patreon if you want to help us avoid more ads and invest more in our content. We have some awesome gifts for our Patreons and more coming.

    Here are a few of the articles that we will discuss during the podcast:

    Here’s the live stream for today’s episode starting at 4:00 p.m. ET (or the video after 5 p.m. ET:

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