Connect with us

Published

on

WASHINGTON, D.C. — The U.S. Department of Energy (DOE) today announced it has achieved its summer goal of signing up at least 125 communities for the Solar Automated Permit Processing (SolarAPP+) tool — a free, DOE-developed web-based platform that allows local governments to instantly approve residential solar installation permits. Now that 127 localities are signed up for SolarAPP+, DOE is announcing a new challenge: to get 60 more communities to improve their solar practices and get recognized through the DOE SolSmart program by March 2022. These efforts support the deployment of more solar energy to reach the Biden-Harris Administration’s goals of achieving 100% clean electricity by 2035 and a net-zero economy by 2050.

“Everyone has access to sunlight but not everyone has access to solar power — this Administration is committed to changing that,” said Secretary of Energy Jennifer M. Granholm. “DOE’s SolarAPP+ tool and SolSmart program are helping communities tear down barriers to clean energy and unlock the health and economic benefits of solar. We are challenging communities to increase solar deployment and providing them the tools they need to succeed.”

The cost of solar power has declined 80% over the past decade and local governments have tremendous influence over the prospects for solar energy growth. However, soft costs like unnecessary paperwork, red tape, and other burdensome requirements increase costs and discourage solar companies from moving to an area. By streamlining these requirements and taking other steps to encourage solar development, DOE is supporting communities to become “open for solar business.”

In June, DOE kicked off the Summer of Solar campaign with stops throughout the country and set a goal of getting 125 communities to sign up for SolarAPP+ by September 30. DOE’s National Renewable Energy Laboratory developed SolarAPP+ and will continue to engage new communities while expanding and updating the tool to include fast-tracked energy storage permitting and other resources.

DOE’s SolSmart program provides selected communities free technical assistance to help streamline processes — like planning, zoning, inspection, and training — that make it faster and easier to go solar. More than 400 communities in 41 states, the District of Columbia, and the U.S. Virgin Islands have received SolSmart designations. Nine million people — about 25% of the U.S. population — live in communities with a SolSmart designation. For example:

  • In West Palm Beach, Florida, SolSmart assistance helped them implement one-day permitting, resulting in a 50% increase in solar installations the next year.
  • In Boise, Idaho, residential solar permits increased by almost 50% in the year following their designation.
  • In Orlando, Florida, the number of solar contractors working in the state doubled since the city achieved SolSmart Gold designation.

Earlier this year, DOE announced a $10 million funding opportunity to expand SolSmart over the next five years and incorporate new solar-related technologies while emphasizing assistance for underserved communities.

In addition, DOE announced a new Solar Forecasting Prize, which will incentivize innovators to develop tools that predict how much energy solar power plants will generate days in advance, and the quarterfinalists for the Solar Desalination Prize Round 2. These prizes are part of DOE’s American-Made Challenges, a set of 25 prize competitions designed to seed new innovations in clean energy and support entrepreneurs to develop new American-made products.

Learn more about SolSmartSolarAPP+, the American-Made Challenges, and DOE’s Solar Energy Technologies Office.

Courtesy of Energy.gov

 

Appreciate CleanTechnica’s originality? Consider becoming a CleanTechnica Member, Supporter, Technician, or Ambassador — or a patron on Patreon.

 

 


Advertisement



 


Have a tip for CleanTechnica, want to advertise, or want to suggest a guest for our CleanTech Talk podcast? Contact us here.

Continue Reading

Environment

Sam Bankman-Fried FTX fraud victim tells judge: ‘My whole life has been destroyed’

Published

on

By

Sam Bankman-Fried FTX fraud victim tells judge: 'My whole life has been destroyed'

NEW YORK, US – JANUARY 03: Sam Bankman-Fried leaves the court in New York, on January 03, 2023. 

Fatih Aktas | Anadolu Agency | Getty Images

In a letter to the Department of Justice, an FTX customer who lost $4 million when the exchange filed for bankruptcy in 2022 expressed disgust at a circulating narrative that clients of the crypto exchange would ever be made whole.

“I have scraped the docket of scheduled claims and calculated the exact amount stolen,” wrote the former FTX customer, whose identity has been concealed by the government. “The total value of customer liabilities is $19,722,911,002.84.”

This week, that letter ended up on the desk of U.S. District Judge Lewis Kaplan, who on Thursday will inform FTX founder Sam Bankman-Fried of his prison sentence stemming from his role in the collapse of the exchange. At 9:30 a.m., sentencing proceedings will take place on the 26th floor of the federal courthouse in downtown Manhattan, the same place where a jury found the former crypto executive guilty of all seven criminal counts against him in November.

The victim, who wrote that 30 years worth of savings had been deposited into FTX three months before the exchange collapsed, is part of a last-minute push by prosecutors to sway Judge Kaplan ahead of the sentencing.

“My whole life has been destroyed,” the person wrote. “I have 2 young children, one born right before the collapse. Beyond the money, I lost my happiness, my ability to get out of bed, my desire to continue living. My wife is suicidal and depressed.”

The same sorts of stories were told during Bankman-Fried’s monthlong criminal trial last year. Prosecutors won their case by convincing jurors that Bankman-Fried had stolen at least $8 billion from customers. For some people, that meant financial ruin.

“In its sentencing submission, the prosecution has included moving accounts from FTX’s former customers that speak to the devastation experienced by those losing their money, the uncertainty of wondering whether they might ever get any of it back, and dealing with the emotional fallout of being duped,” said Yesha Yadav, law professor and Associate Dean at Vanderbilt University. “These victim impact statements can be very powerful.”

Sam Bankman-Fried faces up to 50 years in prison at sentencing hearing

Bankman-Fried, 32, faces a maximum sentence of more than 100 years in prison, though the government has suggested a sentence in the range of 40 to 50 years. The defense is angling for no more than 6.5 years.

For months, Judge Kaplan has been weighing the appropriate punishment for Bankman-Fried’s crimes related to the implosion of his $32 billion crypto empire.

CNBC spoke to former federal prosecutors, trial attorneys, and a mix of lawyers working to defend white collar criminals to get their take on what to expect on Thursday.

Damaging testimony

Bankman-Fried was convicted of wire fraud and conspiracy to commit wire fraud against FTX customers and against lenders to sister hedge fund Alameda Research, as well as conspiracy to commit securities fraud and conspiracy to commit commodities fraud against FTX investors, and conspiracy to commit money laundering.

The defense team has argued that Bankman-Fried’s sentence should reflect the potential that FTX customers will be paid back in part or in full. The likelihood of that scenario has increased in recent months thanks to the rising value of cryptocurrencies and other assets FTX owned, such as its stake in artificial intelligence startup Anthropic.

Even as the bankruptcy estate promises to pay customers back, many of FTX’s thousands of victims argue that their crypto stakes have been significantly undervalued by the exchange’s new leadership team.

“A lot will be said about the loss at the time of the conduct, not the recovery or potential recovery after it was discovered,” said former federal and state prosecutor David Weinstein, who now practices as a corporate compliance and white collar defense attorney at Jones Walker. Weinstein said he expects to see a sentence in the range of 30 to 40 years.

Mark Bini, a former state and federal prosecutor and U.S. assistant attorney who specialized in financial crimes, anticipates a sentence of no less than 30 years. 

“Probation calculates the guidelines at 110 years,” said Bini, who currently represents white collar crypto defendants as part of law firm Reed Smith’s On Chain digital asset team. “I think the judge is likely to side with probation and the government on the loss amount and the appropriate guidelines.”

Caroline Ellison, former chief executive officer of Alameda Research LLC, arrives to court in New York, US, on Thursday, Oct. 12, 2023.

Bloomberg | Bloomberg | Getty Images

Judge Kaplan, 78, is a veteran of the Southern District of New York and has presided over some of the biggest cases to roll through his courthouse. He showed little patience for Bankman-Fried during the defendant’s four days on the stand.

“Unfortunately for SBF, some of his testimony at trial came across as highly evasive, somewhat cold and often contradictory,” said Yadav, adding that a sentence of 20 to 25 years could offer Judge Kaplan a way to balance the severity of the crime with a recognition of customer recoveries and the potential for future rehabilitation.

Former federal prosecutor Neama Rahmani described Kaplan as “old school” and predicted a sentence of 20 to 30 years.

Tre Lovell, a Los Angeles corporate law attorney, said the core factors Kaplan will consider will be the extent of the fraud, along with the fact that Bankman-Fried appeared to have lied under oath while showing little remorse.

“The judge isn’t going to cut Bankman-Fried a break just because FTX has recovered a lot of funds to offset the amount that customers lost,” Lovell said. “The judge is just going to look at Bankman-Fried’s conduct at the time he was in charge of the company, not what the company did after he stepped down as CEO.”

Bankman-Fried has one last chance to take the stand in front of the judge in order to show some level of contrition and a promise to become a benefit to society.

“If he says he’s had a chance to think about what he did and that he’s very sorry for misusing the hard-won funds of investors, and that he wants to use his acumen in this field for the public good, then he may walk out with a prison sentence that is south of 20 years,” Lovell said. “In court, it’s never too late to say you’re sorry. But he won’t get a big discount on his sentence just for being contrite.”

WATCH: Prosecutors recommend a 40-50 year prison sentence for Bankman-Fried

Prosecutors recommend a prison sentence of 40-50 years for Sam Bankman-Fried in FTX fraud

Continue Reading

Environment

HD Hyundai announces lithium phosphate battery pack for commercial trucks

Published

on

By

HD Hyundai announces lithium phosphate battery pack for commercial trucks

HD Hyundai Infracore (HDI) is set to debut a new, 35 kWh lithium phosphate battery pack to power the next generation of electrified commercial equipment.

While the new HD Hyundai lithium phosphate battery isn’t technically out yet (it will officially bow at Intermat 2024 at Paris-Nord Villepinte next month), the battery pack has been in development since back when Infracore was still a Doosan brand.

As of 2021, the first prototypes of the battery were configured with bespoke battery management system (BMS) and thermal protection systems, as well as a flexible design architecture that allows the manufacturer to produce batteries with different voltages and capacities by using different numbers of standardized cylindrical nickel cobalt manganese (NCM) battery cells (that’s actually an NCM pack shown, at top).

The OG Doosan

Battery pack prototype no. 1, developed in-house by (then) Doosan Infracore; via HD Hyundai.

Different versions of the Infracore battery have been in used in the company’s 1.7 ton mini electric excavators since 2023. And they’re not alone. HD Hyundai currently offers LFP battery packs in 5.8, 8.8 and 11.7 kWh power capacities – but these news ones that are set to bow are expected to be much bigger.

Like, “big enough to power a commercial truck,” bigger.

Coming to an electric truck near you

Tata Daewoo’s C-segment truck which feature the new Infracore LFP battery pack; via HD Hyundai.

HDI recently confirmed that it will supply battery packs for Tata Daewoo Commercial Vehicle’s medium-duty electric trucks, and announced that the two companies will work together to expand Korea’s electric commercial offerings.

The official HDI release cites data from market research platform, Markets and Markets, that projects the global electric commercial vehicle market to grow from the 529,400 units sold in 2023 to more than 2.1 million units by 2030.

“We have been able to pioneer the EV market with on our proprietarily produced battery pack technology,” says HD Hyundai Infracore CEO, Seung-hyun Oh, “Based on such success, we plan to gradually expand the vehicle types applied with our battery packs and extend our supplier base to emerging countries and other regions.”

The new battery packs are intended to, “offer a value-oriented and robust solution for companies operating in the construction, industrial and marine sectors,” according to Power Progress (formerly Diesel Progress). We’ll have more when Hyundai lifts the veil in Paris.

Electrek’s Take

Hyundai Concept X at CES2024
Image by the author.

If their sprawling, interactive display at CES didn’t already convince you, Hyundai is serious about electrifying job sites around the world. Yes, they’re also working on hydrogen – but their concerted push to become global EV leaders is very real.

Construction companies like Caterpillar and Deere should would do well to learn the lesson Toyota and Honda learned the hard way in the 90s: underestimate the Koreans at your peril.

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

Continue Reading

Environment

Daily EV Recap: An autonomous EV that can drift

Published

on

By

Listen to a recap of the top stories of the day from Electrek. Quick Charge is now available on Apple PodcastsSpotifyTuneIn and our RSS feed for Overcast and other podcast players.

New episodes of Quick Charge are recorded Monday through Thursday and again on Saturday. Subscribe to our podcast in Apple Podcast or your favorite podcast player to guarantee new episodes are delivered as soon as they’re available.

Stories we discuss in this episode (with links):

Tesla wants to bring ‘private 5G’ to its EVs and Optimus robot

Volvo makes its last diesel car and puts it in a museum

Elon Musk says Tesla Optimus robot should cost ‘less than half of a car’

Hyundai reveals ambitious $50 billion investment to secure a top 3 spot in the EV market

Ghost ride the whip! Geely shows off AI chassis performing fully-autonomous drifting 

Listen & Subscribe:

Share your thoughts!

Drop us a line at tips@electrek.co. You can also rate us in Apple Podcasts or recommend us in Overcast to help more people discover the show!

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

Stay up to date with the latest content by subscribing to Electrek on Google News.

You’re reading Electrek— experts who break news about Tesla, electric vehicles, and green energy, day after day. Be sure to check out our homepage for all the latest news, and follow Electrek on Twitter, Facebook, and LinkedIn to stay in the loop. Don’t know where to start? Check out our YouTube channel for the latest reviews.

Continue Reading

Trending