Connect with us

Published

on

Twitter CEO Jack Dorsey arrives at the “Tech for Good” Summit in Paris, France May 15, 2019.

Charles Platiau | Reuters

Elon Musk’s Twitter is facing new competition from a rival called Bluesky, a so-called decentralized communications app that is backed by Twitter co-founder and twice-former CEO, Jack Dorsey.

Musk’s Twitter makeover has sparked new interest in decentralized social networks. Unlike Twitter under Musk, or Facebook under CEO and controlling shareholder Mark Zuckerberg, decentralized social media platforms have no single owner or leader and are not beholden to commercial or financial interests.

related investing news

'Ordinals' could signal the beginning of a new generation for Bitcoin. Here's what investors need to know

CNBC Pro

Advocates say that decentralized projects are less likely to collect and sell users’ data and less susceptible to censorship.

Bluesky has exploded in popularity over the past few months, according to data provided to CNBC by market intelligence firm Sensor Tower, although it still lags far behind Twitter in total download volume.

The social messaging app had 628,000 mobile downloads in April, representing a 606% rise from March when it became available on Android in addition to iOS. Meanwhile, Twitter had 14.9 million app downloads in April, which is a 2% increase from the 14.6 million downloads it accumulated in March.

The number of Twitter mobile app downloads actually declined 18% in February to 14.05 million from 17.2 million in January. Bluesky officially debuted on iOS in February, generating 11,000 downloads in that month.

Bluesky appears to be gaining more attention than decentralized messaging app Mastodon, which attracted a lot of interest in November as a possible alternative to Twitter. In April, for instance, Mastodon only had 90,000 downloads, the Sensor Tower data showed.

Why decentralization?

Since Musk bought Twitter for $44 billion last year, he has fundamentally changed what Jack Dorsey’s company built, adding new subscription-only features, allowing controversial users back on to the platform, and making deep staffing cuts.

The social media app has also suffered a number of service outages, which happened to coincide with reports that Musk closed a major data center in Sacramento and was downsizing another Atlanta data center facility in an effort to cut costs.

Bluesky, which is currently invitation-only, underscores how Dorsey is now actively looking to disrupt what he helped create. Dorsey, who remains the CEO of payments platform Block (formerly called Square), is going head-to-head with Musk with two Twitter alternatives.

Bluesky was originally incubated within Twitter back in 2019 when Dorsey was still CEO. The app runs on a decentralized networking technology called the AT Protocol. In theory, the protocol could power future social apps, enabling people to maintain their identities across multiple apps.

In February 2022, members of the Bluesky project created the Bluesky Public Benefit LLC, with Jay Graber as CEO and Dorsey as one of the founding board members. The company announced on Twitter in April 2022 that it received $13 million in funding “to ensure we have the freedom and independence to get started on R&D.”

Then, last December, Dorsey donated 14 bitcoin, around $245,000 at the time, to a decentralized social media project called Nostr, that lets users own their online identity. Damus is an app built on top of this network, and it’s been live on the app store for months. It has also integrated the bitcoin Lightning Network, meaning that it lets users exchange bitcoin directly over the network without needing another app.

Many of Block’s senior leadership team is using the platform, as is the bitcoin-friendly Sen. Cynthia Lummis, R-Wyo.

Other decentralized social projects that have been getting more attention include Mastodon, as well as Lens and Farcaster, which are both Twitter substitutes built on blockchains.

A lot of these platforms have no algorithms to recommend particular content — a sore point for some Twitter users who complain they’re seeing less relevant content in the “For You” tab of Twitter since Musk took over. They don’t sell ads, and don’t collect and sell user data, which are the classic ways that social networks make money.

The only drawback is scale.

Meta boasts nearly 3 billion active users of its platforms, including Facebook and Instagram, and Twitter had more than 200 million as of its last earnings report as a public company. That means it’s easy for new users to find their friends, contacts in their areas of interest, and other useful or interesting people to connect with. Bluesky has about 50,000 users, according to its website.

It is also unclear how these platforms will generate money.

It is possible that Bluesky, for example, could turn to subscriptions to monetize operations, but the team hasn’t given many hints. Bluesky has been mostly sharing updates and some details of its underlying technology infrastructure as opposed to any financial plans, according to recent blog posts.

The other drawback is the user experience. The front-end apps built atop these decentralized platforms are often clunky, not professional-looking or easy to use. As of now, Bluesky’s user interface appears to be less confusing for newbies to engage with, but it’s still being tested and developed, so it’s unclear how the broader public will respond to its design.

So why make the move from a centralized platform with a nice user experience to a decentralized platform that’s hard to use? Facebook whistleblower Frances Haugen said in a panel at ETHDenver that it all comes down to self governance.

“We’ve kind of come to accept that we are subjects of a king, like Mark [Zuckerberg], or Elon [Musk], and we can either follow their rules or leave,” Haugen said. “And there’s an interesting opportunity for people to be citizens of their platforms, having an ability to vote, but also having responsibilities that come with that.” 

She also made the point that the problem with social media today largely comes down to incentives and control. 

Right now, social media platforms are ad supported, which means they make their money by keeping users on them for as long as possible. Decentralized platforms have no such incentive, and can give the people who make their livelihoods on these platforms the ability to influence the rules that govern them and how their content is distributed.

Dorsey takes on Musk and Twitter in brewing social platform showdown

Continue Reading

Environment

Corporate America is investing in record levels of solar and storage

Published

on

By

Corporate America is investing in record levels of solar and storage

Corporate America is investing in clean energy at record levels, with tech giants taking the top spots for users of solar.

Meta, Google, and Amazon are leading the charge in solar and battery storage adoption, according to the Solar Energy Industries Association’s (SEIA’s) latest “Solar Means Business” report.

Meta continues to hold the title of the top solar user in corporate America, with nearly 5.2 gigawatts (GW) of solar capacity installed. Meanwhile, Google leads the way in energy storage, boasting 936 megawatt-hours (MWh) of installed battery capacity. Through the first quarter of 2024, these companies have added the most solar capacity to their electricity portfolios, with major players like General Motors, Toyota, and US Steel also climbing the ranks.

The report reveals that US businesses have installed nearly 40 GW of solar capacity both onsite and offsite through Q1 2024, and corporate storage use now exceeds 1.8 gigawatt-hours (GWh). Even more growth is coming: Companies have over 3 GWh of battery storage under contract that will come online in the next five years.

“Some of the largest industrial and data operations in the world continue turning to solar and storage as a reliable, low-cost way to power their operations,” said SEIA president and CEO Abigail Ross Hopper.

Technology companies are at the forefront of this shift as data center growth drives skyrocketing electricity demand. Amazon, for example, leads the US with 13.6 GW of solar procurements under contract, while Meta and Google each have nearly 6 GW under contract – pipelines over 10 times larger than the next company in the rankings.

Target remains the US’s leading onsite corporate solar user for the ninth year in a row, with Prologis, Walmart, Amazon, and Blackstone also making the top five. For the first time, the “Solar Means Business” report is also tracking corporate battery energy storage, with Google, Apple, Meta, Target, Walmart, Home Depot, and Kohl’s among the top 10 companies using storage to meet more of their energy needs in real-time.

Looking ahead, both offsite and onsite energy storage are expected to play a bigger role in corporate renewable energy strategies. Medical companies like Kaiser Permanente are already using batteries to power microgrids, making their facilities more resilient to outages.

Carolyn Campbell, Meta’s head of clean and renewable energy, East, highlighted the importance of expanding solar capacity to match the company’s global operations with 100% clean energy: “We’re thrilled to rank number one for corporate solar procurement in SEIA’s report this year, and we continue to find ways to grow the grid to benefit everyone.”

Target’s vice president of property management, Erin Tyler, said of Target’s 20-year-old solar program, “Through our commitment to solar, we’re well on our way to achieving our corporate goal of sourcing 100% of electricity from renewable sources by 2030.”

The “Solar Means Business” report also looks at the policies driving corporate America’s adoption of solar. Many companies are taking advantage of the Inflation Reduction Act’s long-term clean energy incentives. To further accelerate their renewable energy investments, businesses are calling for improvements in interconnection processes, new community solar legislation, and simpler tax credit monetization.

Read more: A 100-MW solar farm just broke ground in Wisconsin


If you live in an area that has frequent natural disaster events, and are interested in making your home more resilient to power outages, consider going solar and adding a battery storage system. To make sure you find a trusted, reliable solar installer near you that offers competitive pricing, check out EnergySage, a free service that makes it easy for you to go solar. They have hundreds of pre-vetted solar installers competing for your business, ensuring you get high quality solutions and save 20-30% compared to going it alone. Plus, it’s free to use and you won’t get sales calls until you select an installer and share your phone number with them.

Your personalized solar quotes are easy to compare online and you’ll get access to unbiased Energy Advisers to help you every step of the way. Get started here. –trusted affiliate link*

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

Continue Reading

Environment

Farm-fegnugen? Volkswagen rolls out an electric tractor

Published

on

By

Farm-fegnugen? Volkswagen rolls out an electric tractor

Volkswagen Group Africa has officially begun production of a modern electric farm tractor at its multifunctional facility in Gashora, Rwanda in a bid to advance modern, low-emission agricultural initiatives in Africa.

Part of a larger Rwandan initiative called the GenFarm Project, the new VW tractor is part of a “holistic ecosystem” of electrified farming machinery set to be used throughout rural Africa – where liquid fossil fuels are often just as difficult to come by as electricity. The goal is to provide machinery that’s both sustainable and reliable.

“We are growing our footprint in Africa and regard Rwanda as a key growth market. This project demonstrates our commitment to sustainable practices and highlights our ability to provide mobility solutions to the rural community in addition to the urban community currently serviced by our Volkswagen Mobility Solutions Rwanda business,” explains Martina Biene, Volkswagen Group Africa Chairperson and Managing Director. “The GenFarm Project fosters technological innovation and aligns with Volkswagen Group’s strategy to generate meaningful value for both society and the environment through sustainable mobility.”

The GenFarm project will eventually provide mobility services for transportation of goods and people. In June 2023, Volkswagen Group Africa signed a Memorandum of Understanding (MoU) with the Government of Rwanda to provide land for the establishment of the GenFarm Project.

The Volkswagen tractors’ electric motor produces 20 kW (about 27 hp), making it about the same size as the Solectrac product (which hasn’t worked out well in the US, it must be said). That motor gets its electrons from a 32 kWh swappable battery. Batteries are swapped/charged at the Empowerment Hub to minimize downtime. DC fast charging isn’t available, but the relatively small, swappable batteries (hopefully) mean that’s not much of a problem.

The GenFarm project hopes the new VW electric tractor will help clean up Rwanda’s agricultural sector, which currently accounts for some 25% of the national Gross Domestic Product.

Electrek’s Take

Screencap from video; via Telegraphi.

We’ve talked a lot about the lack of new farmers in America, but the problem is global – especially as western companies, and western ideas about consumerism, continue to spread. Products like this electric tractor from VW will make farming cleaner, quieter, and (hopefully) more attractive to young workers.

SOURCE | IMAGES: VW Group Africa.

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

Continue Reading

Environment

Honda deploys Peterbilt 579EV electric semi out of Alabama plant

Published

on

By

Honda deploys Peterbilt 579EV electric semi out of Alabama plant

A new, all electric Peterbilt 579EV is in-service at Honda’s Lincoln, Alabama assembly plant, where it’s busy transporting newly-built Honda cars from the plant to a nearby railhead for shipment to dealers across the country.

Part of a pilot program between Honda, Alabama Power, and Virginia Transportation Corp., the new electric semi truck will help stakeholders gather data about the practicality and performance of the battery-powered Pete and use it to generate case studies for broader electrification initiatives. Other supporters of the pilot project include the Alabama Clean Fuels Coalition and, of course, Peterbilt.

“We remain committed to delivering for our customers and the environment,” offered Leo Doire, owner and CEO of Virginia Transportation Corp. “Our new Peterbilt 579EV model will be tested to determine how well it performs against the high productivity demands of our operations. The partners we have at the table will help us maximize this opportunity and prepare to scale up if we get the results we are hoping for.”

The truck itself has been spec’ed to be perfect for the kind of short haul and drayage applications Honda has in mind. This particular Peterbilt 579EV is fitted with PACCAR’s 400 kWh battery and a 670 hp electric motor good for an impressive 2,050 lb-ft of peak torque at 0 rpm.

The truck offers 150 miles of operating range and can be charged in about 3 hours on a 120 kW charger installed specifically for that purpose. A charger, it should be noted, that was partially paid for by Alabama Power.

“Alabama Power’s ‘Make Ready’ program provides businesses with valuable rebates to help reduce the upfront costs of installing EV infrastructure,” says Alabama Power Electric Transportation Manager Hasin Gandhakwala. “We are committed to partnering with customers who are exploring state and federal grant opportunities. Alabama Power is dedicated to advancing EV technologies to better serve the needs of our customers.”

The electric semi is a continuation of a decarbonization project Honda initiated in 2011, when the company recruited Virginia Transport Corp. to help find ways to reduce emissions at its Alabama facilities. VTC’s efforts have led to changes that displaced more than 475,000 gallons of diesel in 2023 alone.

Electrek’s Take

Peterbilt 579EV at Alabama Honda plant; via Alabama Power.

With the big Pete’s 82,000 lb. GVWR and 150 miles of range between charging sessions, it seems like these guys will be making a lot of back-and-forth runs between the Honda plant and the CSX terminal to me. Here’s hoping they see the benefits of electrifying the rest of their vehicle transport fleets somewhat sooner than later.

SOURCE | IMAGES: Alabama Power.

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

Continue Reading

Trending