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As the world moves toward a sustainable future, some regions have an abundance of renewable energy, while others are at a geographical disadvantage. Japan-based startup PowerX has a solution with the world’s first electric battery tanker, “X,” designed to transport clean energy by sea.

What does PowerX do?

PowerX is a battery startup company on a mission to change how the world uses and transfers clean energy.

While most of the world’s energy today is transferred in the form of fossil fuels, PowerX is looking toward the future with an electric-powered ship that will carry clean energy to places that need it most.

To accomplish its mission, PowerX is designing and developing a “power transfer ship” to carry renewable electricity across the world and establish an “ocean power grid.”

The startup revealed plans last summer to establish its first gigafactory in Japan to produce battery storage solutions, including its Hypercharger, an ultrafast EV charger (up to 240kW) powered by renewable energy. In addition, PowerX will manufacture grid-scale stationary batteries, marine batteries, and home batteries.

Power Base, the company’s gigafactory, features a 5 GWh annual production capacity, equivalent to around 10,000 battery storage units for its various solutions.

Moving quickly, PowerX revealed the detailed design behind its inaugural ship, “X,” at Monday’s Bariship International Maritime Exhibition.

The electric tanker that will carry clean energy by sea

The 140-meter-long electric-powered battery tanker X features an electric cruising range of up to 300km to transport clean energy from offshore wind, from one grid to another or an island.

PowerX YouTube

With 96 (2.5 MWh) marine-grade LFP batteries, the electric tanker can hold a total of 241 MWh of renewable energy. PowerX says the battery design is “highly scalable” and will be able to handle more batteries in the future.

An included power control system monitors the battery systems and charge controllers, relaying how much battery life is left.

Source: Bloomberg/PowerX

The electric tanker is optimized for short-distance travel currently. Still, CEO Masahiro Ito says as battery density increases and costs decrease, the company will be able to carry more batteries for a longer distance.

The company aims to complete its first ship by 2025, with field testing planned to begin the following year.

PowerX signed an MoU and partnered with Kyushu Electric Power Co and the City of Yokohama to turn the concept into reality and decarbonize the ports. Moreover, a new company, Ocean Power Grid Inc., will be established later this year to handle the battery tanker operations.

Source: PowerX

The electric tanker will help connect grids, offshore wind farms, and islands with renewable energy where underground cables aren’t ideal due to seismic activity, deep water, etc.

As a result, regions with abundant renewable energy can share with those less fortunate for a cleaner, sustainable future for all.

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IEA downgrades oil demand growth forecast as prices heat up on elevated Middle East tensions




IEA downgrades oil demand growth forecast as prices heat up on elevated Middle East tensions

An oil pumpjack is shown near the Callon Petroleum vicinity on March 27, 2024 in Monahans, Texas. 

Brandon Bell | Getty Images

The International Energy Agency on Friday downgraded its forecast for 2024 oil demand growth, citing “exceptionally weak” OECD deliveries, a largely complete post-Covid-19 rebound and an expanding electric vehicle fleet.

In its latest monthly oil market report, the IEA said it had revised down its 2024 oil demand growth forecast by around 100,000 barrels per day (bpd) to 1.2 million bpd.

The global energy watchdog said that it expected the pace of expansion to decelerate even further to 1.1 million bpd next year “as the post-Covid 19 rebound has run its course.”

The IEA’s report comes amid a rebound in oil prices on elevated Middle East tensions, with energy market participants closely monitoring the prospect of supply disruptions from the oil-producing region.

Iran, which is a member of the Organization of the Petroleum Exporting Countries, has vowed to retaliate after it accused Israel of bombing its embassy in the Syrian capital of Damascus earlier this month.

The attack has ratcheted up tensions in a region already grappling with the ongoing Israel-Hamas war. Israel has not claimed responsibility for the attack.

International benchmark Brent crude futures with June delivery traded 0.8% higher at $90.45 per barrel on Friday at 9:30 a.m. in London, while U.S. West Texas Intermediate futures with May delivery rose nearly 1% to trade at $85.84 per barrel.

“We’re seeing the surge in [electric vehicle] sales, especially in China and also in Europe, really taking into gasoline demand, but also in the United States,” Toril Bosoni, head of oil industry and markets division at the IEA, told CNBC’s “Street Signs Europe” on Friday.

“There has been a lot of talk about sales not increasing as much as maybe was expected, but EV sales and increased fuel efficiencies in the car fleet is lowering gasoline demand, at least in advanced economies and particularly in China.”

Asked about some of the main concerns relating to oil supply security, Bosoni replied, “We are watching, obviously, the Middle East very closely. The continued tanker attacks in the Red Sea is of key concern, but also escalating tensions between Iran and Israel, and then we’re seeing tensions between Russia and Ukraine continue, with attacks on Russian refineries.”

“So, there are several tension points in the oil market today that we’re watching very closely that could have major impacts … if there would be any significant outages,” she added.

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Tesla unveils new Sport Seats to absorb Model S Plaid’s insane power




Tesla unveils new Sport Seats to absorb Model S Plaid's insane power

Tesla has unveiled new Sport Seats for the Model S Plaid to absorb the electric supercar’s insane power better.

While it’s in the form of a family sedan, the Model S Plaid could easily pass as an electric supercar with its 1.99-second 0 to 60 mph acceleration.

That’s more power than anyone would need, but it is fun.

Some Model S Plaid owners even like to take the fun to the racetrack. When cornering, you can really feel the Gs on the racetrack.

Tesla’s Model S seats are comfortable, but they are not designed for super-spirited driving, which the rest of the vehicle enables.

Today, Tesla decided to address the issue with the release of new Sports Seats:

They obviously feature much more pronounced side support. Here are the main features of the seats:

  • Increased lateral support
  • Modular seat architecture for comfort & support, plus same 12-way power adjust, heating & ventilation
  • High performance suede for increased grip & reduced weight

Here’s another look at the new seats:

The seats are now standard for the $90,000 Model S Plaid and included on all cars built since the beginning of the month.

Electrek’s Take

We had known new sports seats were coming to the new Model 3 Performance, which is expected to be unveiled any day, but it makes sense that the Model S Plaid would get them first.

The vehicle’s level of performance deserves sports seats.

I am surprised that Tesla is making it standard rather than a paid option, but we’ll take it.

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Daily EV Recap: China looks to export EVs by the hundreds of thousands




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):

Formula E again delays debut of 600kW mid-race charging

This lamppost EV charger just went commercial in the US

Tesla releases more details on Powerwall 3, confirms cheaper stack coming

Electric cars are saving Americans billions — even people who don’t drive them

China is exporting so many EVs that it needs more ships – a lot more

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