Saudi Aramco said strong market conditions helped to push its second quarter net income to $48.4 billion, up from $25.5 billion a year earlier.
Maxim Shemetov | Reuters
Saudi oil giant Aramco on Monday announced a partnership with Siemens Energy AG to develop a small-scale direct air-capture “test unit” in an attempt to manage emissions.
The test unit will be built in Dhahran, Saudi Arabia and finished in 2024, according to a statement from Aramco on Monday.
Direct air-capture, or DAC, works by extracting carbon dioxide that has already been emitted into the atmosphere. The extracted CO2 can then be condensed into solid stone-like formations or liquefied to be stored underground.
DAC is the most expensive method of carbon capture, according to the International Energy Agency. It’s generally cheaper to remove CO2 at the source, before it’s emitted into the air.
The big price tag attached to DAC along with questions of its efficacy have made some climate scientists skeptical of its viability as a long-term emissions reduction strategy.
“From a physics point of view, we just made the problem thousands of times harder,” said Jonathan Foley who leads the climate solutions nonprofit Project Drawdown. “Imagine trying to remove 400 things out of a million and do it in the air. Then, efficiently liquefy this stuff and put it below ground. That’s a huge engineering marvel…to do it at the scale of billions of tons is science fiction right now.”
Foley added that DAC machines themselves take a lot of energy to get running, which eats away at whatever carbon reduction they do achieve.
But despite obstacles to scaling DAC, many companies, especially tech giants, are pouring investments into developing the technology. For example, Amazon announced last month that it would provide funding for the world’s largest deployment of DAC, and a coalition of tech companies led by Stripe has launched a public benefit company called Frontier to invest in carbon-capture startups and projects.
Extracting carbon from the atmosphere is attractive to companies with large carbon footprints, because it would allow them to keep emitting with a reversal mechanism after the fact.
“Fossil fuel companies would love to be able to keep emitting from fossil operations while offsetting those emissions via cost-effective direct air capture projects — that’s kind of a perfect world for them, if they can get there,” said Cara Horowitz, the executive director of UCLA’s Emmet Institute on Climate Change and the Environment.
“And even if they can’t get there, investing in the development of DAC allows them to tout efforts to achieve net-zero goals in ways that don’t involve reducing use of fossil fuels.”
So far, experts say, the technology is unproven at scale.
“I would love a machine like this to actually work. Wouldn’t that be great? You just turn on a machine that sucks everything out of the sky,” said Foley. “But sorry, it’s a lot easier not to emit it than it is to take it back out again. That’s just thermodynamics.”
The DAC collaboration between Aramco and Siemens Energy is still in early phases.
A Siemens Energy spokesperson told CNBC that once the test unit is complete next year, the companies will consider taking the technology into an official pilot phase. Only after that would they pursue scaling it commercially.
Given DAC’s adolescence, both oil companies are invested in other clean energy technology projects.
The spokesperson for Siemens Energy said that the company has invested in hydrogen, wind, nuclear fusion and others. Meanwhile, Aramco also has projects in hydrogen and geothermal energy.
Today was the official start of racing at the Electrek Formula Sun Grand Prix 2025! There was a tremendous energy (and heat) on the ground at NCM Motorsports Park as nearly a dozen teams took to the track. Currently, as of writing, Stanford is ranked #1 in the SOV (Single-Occupant Vehicle) class with 68 registered laps. However, the fastest lap so far belongs to UC Berkeley, which clocked a 4:45 on the 3.15-mile track. That’s an average speed of just under 40 mph on nothing but solar energy. Not bad!
In the MOV (Multi-Occupant Vehicle) class, Polytechnique Montréal is narrowly ahead of Appalachian State by just 4 laps. At last year’s formula sun race, Polytechnique Montréal took first place overall in this class, and the team hopes to repeat that success. It’s still too early for prediction though, and anything can happen between now and the final day of racing on Saturday.
Congrats to the teams that made it on track today. We look forward to seeing even more out there tomorrow. In the meantime, here are some shots from today via the event’s wonderful photographer Cora Kennedy.
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The numbers are in and they are all bad for Tesla fans – the company sold just 5,000 Cybertruck models in Q4 of 2025, and built some 30% more “other” vehicles than it delivered. It just gets worse and worse, on today’s tension-building episode of Quick Charge!
We’ve also got day 1 coverage of the 2025 Electrek Formula Sun Grand Prix, reports that the Tesla Optimus program is in chaos after its chief engineer jumps ship, and a look ahead at the fresh new Hyundai IONIQ 2 set to bow early next year, thanks to some battery specs from the Kia EV2.
New episodes of Quick Charge are recorded, usually, Monday through Thursday (and sometimes Sunday). We’ll be posting bonus audio content from time to time as well, so be sure to follow and subscribe so you don’t miss a minute of Electrek’s high-voltage daily news.
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Tesla has launched its new Oasis Supercharger, the long-promised EV charging station of the future, with a solar farm and off-grid batteries.
Early in the deployment of the Supercharger network, Tesla promised to add solar arrays and batteries to the Supercharger stations, and CEO Elon Musk even said that most stations would be able to operate off-grid.
While Tesla did add solar and batteries to a few stations, the vast majority of them don’t have their own power system or have only minimal solar canopies.
Back in 2016, I asked Musk about this, and he said that it would now happen as Tesla had the “pieces now in place” with Supercharger V3, Powerpack V2, and SolarCity:
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All of these pieces have been in place for years, and Tesla has now discontinued the Powerpack in favor of the Megapack. The Supercharger network is also transitioning to V4 stations.
Yet, solar and battery deployment haven’t accelerated much in the decade since Musk made that comment, but it is finally happening.
Tesla has now unveiled the project and turned on most of the Supercharger stalls:
The project consists of 168 chargers, with half of them currently operational, making it one of the largest Supercharger stations in the world. However, that’s not even the most notable aspect of it.
The station is equipped with 11 MW of ground-mounted solar panels and canopies, spanning 30 acres of land, and 10 Tesla Megapacks with a total energy storage capacity of 39 MWh.
It can be operated off-grid, which is the case right now, according to Tesla.
With off-grid operations, Tesla was about to bring 84 stalls online just in time for the Fourth of July travel weekend. The rest of the stalls and a lounge are going to open later this year.
Electrek’s Take
This is awesome. A bit late, but awesome. This is what charging stations should be like: fully powered by renewable energy.
Unfortunately, it will be much harder to open those stations in the future due to legislation that Trump and the Republican Party have just passed, which removes incentives for solar and energy storage, adds taxes on them, and removes incentives to build batteries – all things that have helped Tesla considerably over the last few years.
The US is likely going to have a few tough years for EV adoption and renewable energy deployment.
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