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Formula E returns to track this Saturday for its tenth season with a race in Mexico City, in a season that brings three new tracks and the debut of Formula E’s new ultra-fast mid-race charging system.

Formula E is the FIA’s top-level electric open-wheel racing series, racing single-seater racecars mostly on downtown street tracks in the world’s great cities. The series has so far raced in 24 countries and 30 cities across its first nine seasons, with 3 more new tracks and 1 new country added to the calendar for the tenth season.

At nearly 2,300m/7,500ft altitude, Mexico City’s track provides an excellent demonstration of the strengths of electric drive. Combustion vehicles that race there have to contend with thinner air, which means less efficient combustion and lower engine power. With electric drive, this isn’t a worry – electric motors work equally well at any elevation.

For season ten, Formula E’s faster, lighter, and much more angular Gen3 car returns, which debuted last season. It promised faster laptimes, but we saw only mildly improved laptimes compared to the previous year’s Gen2 equipment as teams got used to the new cars throughout the year.

But in this season’s winter testing in Valencia, the Gen3 cars proved to be more than a second faster than last year, suggesting that the teams might be getting the hang of their equipment (although part of this may have been due to testing occurring a month and a half earlier, in October, when the track was slightly warmer).

New tracks – Tokyo, Shanghai and Misano

Formula E will race on three new tracks and in one new country this year.

The biggest news is Formula E’s arrival in Tokyo, the world’s largest megacity and the series’ first race in Japan. The Tokyo race occurs around the “Tokyo Big Sight” international exhibition center, right alongside Tokyo Bay.

While Formula E has held many races in nearby Asian countries, it hasn’t been to race-obsessed Japan. Japan has its own racing leagues and Formula 1 is quite popular in the country, and the country has a particularly strong automotive industry. But that automotive industry has so far been hesitant to adopt electrification, so it will be good to see the reception for Formula E there.

Another new track will be in Shanghai, China. Formula E has raced in China multiple times before, at tracks in the capital Beijing (which held Formula E’s first race ever) and southern resort city Sanya. It has also raced in Hong Kong.

Location Date Location Date
Mexico City, Mexico Jan 13 Berlin, Germany May 11
Diriyah, Saudi Arabia Jan 26 Berlin, Germany May 12
Diriyah, Saudi Arabia Jan 27 Shanghai, China May 25
São Paulo, Brazil Mar 16 Shanghai, China May 26
Tokyo, Japan Mar 30 Portland, USA Jun 29
Misano, Italy April 13 Portland, USA Jun 30
Misano, Italy April 14 London, UK Jul 20
Monaco April 27 London, UK Jul 21
Formula E’s race calendar for the year

The Shanghai race will be held at Shanghai International Circuit, a true race track rather than a street track. This track has been used for Formula One races in the past and is scheduled to host another F1 race again this year, and is a high speed circuit with several long straights. High speed circuits have offered an interesting challenge for Formula E in the past, as higher speeds mean lower efficiency and increase the benefit gained from drafting, especially in a low-downforce and energy-constrained series like this one.

Last year at Portland (another purpose-built race track, which the series returns to this year), the race ended up taking on similar strategy to a bicycle race, with cars saving energy in a peloton-like pack until later in the race where the true sprint began. We might expect to see something similar from Shanghai – though it’s also likely that Formula E will use a shorter layout instead of the full high-speed F1 layout, as it has done on other tracks before.

Finally, the last new track is in Italy, where the series has raced many times before on the downtown street circuit at the Rome ePrix, but the race is moving this year to another actual race circuit at Misano Adriatico, on the Adriatic coast of Italy. This track is often used as a motorcycle track, much like Formula E’s winter testing track in Valencia, with lower speeds and a shorter lap length than the full Shanghai circuit (but longer than the Portland circuit).

Mid-race charging is finally here

We’ve come a long way since the first Formula E season, when originally drivers would stop in the middle of the race to swap from one car to another with a fully-charged battery. Formula E had gone with this system because it would be too difficult to set up mid-race charging or battery swapping, so they just swapped the driver from one car to the other instead.

The Gen2 car solved this problem, as battery density had improved enough that battery (or car) swapping was no longer necessary. Since then, Formula E cars haven’t needed pit stops, and finish the race on the same battery and tire they started on.

But with EVs maturing and DC quick charging being in focus, Formula E is trying to incorporate that concept into racing now.

Formula E had originally planned to introduce a mid-race charging stop alongside the Gen3 car last year, but had to push back the plans for a year due to problems getting the equipment built.

Now, the system is ready to be used at select races this year, and it will debut at the aforementioned Misano Adriatico ePrix in Italy in April. For the races where it’s active, it will replace Formula E’s “Attack Mode” system, which gives every driver a period of boosted power use that they can use strategically to gain positions during the race.

The new mid-race charge system will be called “Attack Charge,” and will charge cars at up to 600kW, quite a bit faster than the fastest consumer-available fast chargers today that top out at 250-350kW.

Formula E says that a mandatory 30-second charging stop in the middle of the race will deliver about 4kWh of energy to the cars – this is only about ~10% worth of charge, but that’s not bad for 30 seconds of charging. This extra energy will be usable during periods later in the race where cars can boost power output to 350kW, rather than the standard 300kW.

The addition of a mid-race charging stop promises to shake up race results more, as teams will have some strategic flexibility about when to take their pit stops. This means more passing, which has always been a strong point of Formula E.

What to expect

Formula E has offered exciting racing all along, with significantly more lead changes and unpredictable racing than Formula One. Some of Formula E’s more chaotic races, like Portland last year, have had almost as many position changes during a single race as Formula One will see over an entire season.

Last season, 7 drivers from 6 teams won a Formula E race, whereas in F1 a single driver won 12 races on his own. The championship – which went to Jake Dennis, whose team Jaguar got second in the Teams’ championship behind Envision – wasn’t decided until the final race weekend, whereas the F1 championship was decided months before the season ended.

World Champion Jake Dennis, Avalanche Andretti Formula E, sprays champagne on the podium

So if you’re interested in seeing unpredictable racing, Formula E is likely to provide that.

As with most years there have been a number of driver and team changes, with Nio leaving the sport and the team rebranding to ERT after new sponsorship. Several teams have swapped drivers or brought back former Formula E drivers, but the one new rookie is Jehan Daruvala, who joins Maserati. He comes from Formula 2 where his best season result was 7th, though he has ranked as high as 2nd in other series.

As much as the racing is unpredictable, over the course of a season the cream does tend to rise to the top. Some teams have classically done better across seasons, so we can expect the likes of Jaguar, Envision, Andretti, DS Penske and Porsche to show up near the top of the table. In winter testing, it looked as if the Jaguar powertrain, used by the Jaguar and Envision teams, performed best, so that bodes well for those two teams and their drivers Mitch Evans, Nick Cassidy, Robin Frijns and Sebastien Buemi.

The first race of Formula E’s tenth season is this Saturday at 8 PM UTC, Noon/12 PM PST, 3 PM EST, or 2 PM local Mexico City time. In the US, all sessions will be streamed live on Roku, or will be broadcast delayed on Sunday at 4:30PM on CBS. To find out how to watch it in other regions, check out Formula E’s “Ways to Watch” page.

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How Saudi Arabia is diversifying away from oil — and betting big on AI

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How Saudi Arabia is diversifying away from oil — and betting big on AI

President and CEO of Saudi’s Aramco, Amin H. Nasser, speaks during the Future Investment Initiative (FII) in Riyadh, Saudi Arabia October 29, 2024.

Hamad I Mohammed | Reuters

Think of Saudi Arabia and the first thing that comes to mind might be its massive, oil-derived wealth.

While oil continues to drive Saudi Arabia’s economy, the kingdom is now expanding into areas such as artificial intelligence, tourism and sports to diversify its growth avenues.

According to Saudi Arabia’s Minister for Investment Khalid Al Falih, more than half — 50.6% — of the Saudi economy is now “completely decoupled” from oil.

“This percentage is growing,” Al Failh told CNBC’s Dan Murphy, adding that government revenue used to be almost completely derived from oil money, but now, 40% of its revenue comes from sectors and sources that “have nothing to do with oil.”

“We’re seeing great results, but we’re not satisfied. We want to do more. We want to accelerate the kingdom’s diversification and growth story,” he said.

Saudi Arabia is doubling down on fast-growing sectors such as artificial intelligence, naming it one of its new growth areas, with Al Failh saying the kingdom will be a “key investor” in developing AI applications and large language models. Saudi Arabia would also build data centers “at a scale and at a competitive cost not achieved anywhere else.”

“AI has emerged [in] the last three, four years, and it’s definitely going to define how the future economy of every nation. Those who invest will lead, and those who lag behind, unfortunately, will lose,” he pointed out.

On Monday, AI chip company Groq’s CEO, Jonathan Ross, told CNBC that  for AI infrastructure thanks to its energy surplus. The country could see more than $135 billion in gains by 2030 thanks to AI, according to PwC.

Saudi Arabia’s quarterly budget performance report revealed that total government revenue for the first half of 2025 came in at 565.21 billion Saudi riyals ($150.73 billion), with oil making up 53.4% of the country’s overall revenue, down from 67.97% in the same period in 2019.

In 2024, the country reported a 1.3% rise in full-year GDP, mainly driven by a 4.3% increase in non-oil segments. Oil activity, on the other hand, fell 4.5% year on year.

The country’s sovereign wealth fund — the Public Investment Fund — has acquired stakes in tech giants, video game publishers and football clubs as it uses oil revenues to diversify into other sectors.

PIF has acquired stakes in video-game heavyweight Electronic Arts, establishing the SoftBank Vision Fund with Masayoshi Son’s SoftBank Group Corp in 2017, and a takeover of English Premier League club Newcastle United in 2021.

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When asked if declining oil prices were piling pressure on Saudi Arabia’s economy and government revenue, Al Falih said that the country was not scaling back budgets and there were no cuts to public spending.

Oil prices have fallen in 2025, with Brent crude spot prices down 13.4% so far this year, according to FactSet. Saudi Arabia’s oil revenue slid 24% in the first half of 2025 from a year earlier.

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The government will continue to address all activities that require government spending, Al Falih said, noting that the PIF has grown sixfold since its creation and that the country was approaching nearly $1 trillion in capital deployed across sectors of strategic interest.

Tourism has also been a key growth area for Saudi Arabia. Ahmed Al-Khateeb, the country’s tourism minister, told CNBC that the sector’s share in GDP had grown to 5% in 2024 from 3% in 2019.

“We are [opening] resorts, new airlines, new airports, and the numbers are growing, and we are focusing on countries and visitors that are coming from outside to experience our great culture,” Al-Khateeb highlighted.

The tourism minister also expressed confidence that the sector could contribute 10% of GDP by 2030, aiming to raise it to 20% eventually.

“This 20% will help Saudi Arabia to diversify the economy and make it more sustainable,” he added.

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A $900M Texas solar mega-farm will power Meta’s data centers

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A 0M Texas solar mega-farm will power Meta's data centers

Meta just signed more power purchase agreements (PPAs) with ENGIE North America, expanding their partnership to more than 1.3 gigawatts (GW) of solar across four projects in Texas. It’s just a shame the social media giant is also going big on gas plants in Louisiana to power its data centers at the same time.

The latest PPAs include ENGIE’s new 600-megawatt (MW) Swenson Ranch Solar project in Stonewall County, southeast of Lubbock. When it comes online in 2027, Swenson will become ENGIE’s largest solar farm within its 11 GW North American portfolio of solar, wind, and battery storage projects. Meta will buy 100% of Swenson’s power to run its US data centers.

ENGIE says the $900 million project will create over 350 construction jobs and generate over $158 million in tax revenue for Stonewall County and the local hospital district over its lifetime.

“Our objective is to bring reliable, cost-competitive power to the grid as rapidly as possible, and projects like Swenson demonstrate the importance of solar to meet the timely needs of our customers,” said Dave Carroll, ENGIE North America’s CEO and chief renewables officer.

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Meta’s head of global energy, Urvi Parekh, said the expanded deal with ENGIE “enables us to continue matching 100% of our electricity use with clean and renewable energy to support our data center operations,” Parekh said.

Electrek’s Take

Meta isn’t exactly putting its money where its mouth is when it comes to matching 100% of its electricity use with clean energy. The social media giant is also building a $10 billion data center – one of the world’s largest – in Richland Parish, Louisiana, that’s going to be powered by three gas-powered plants, which utility Entergy will build especially for Meta, which is paying 50% of the costs. Those three plants will produce 2,262 MW of dirty fossil fuel power. For perspective, that’s nearly 10% of Entergy’s current energy capacity across four states.

So while the 1.3 GW of clean energy that ENGIE will produce in Texas for Meta is great, it doesn’t make up for the CO2 emissions it’s about to create with this dirty project it’s building in a lower-income farming community in Louisiana. It certainly isn’t for speed, because solar is the fastest to put up. Limited state oversight – and a 2024 state law that lets the company skip paying sales tax – likely helped Meta make that destructive decision.

Read more: Texas just became No 1 in the US for most utility-scale solar


The 30% federal solar tax credit is ending this year. If you’ve ever considered going solar, now’s the time to act. 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. It has 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 Advisors to help you every step of the way. Get started here.

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Genesis is building a new luxury off-road SUV, and all signs point to an EV [Images]

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Genesis is building a new luxury off-road SUV, and all signs point to an EV [Images]

That rugged new Genesis SUV we’ve been waiting for might be electric after all. A Genesis EV was spotted in South Korea with a new off-road style and EV powertrain.

Is the Genesis off-road luxury SUV an EV?

Genesis is turning ten this year, and to celebrate, it’s giving the people what they want. The luxury brand has a slate of new vehicles set to launch over the next few years, including a flagship full-size electric SUV, high-performance cars, and a luxury off-roader.

Hyundai confirmed during last month’s CEO Investor Day that Genesis will offer vehicles across all powertrains, rather than electric only, as initially planned.

Although we knew the “ultra-luxe” GV90 would be electric when it arrives in 2026, Genesis has kept most details of its luxury off-road SUV a secret.

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We got our first look at it in April after Genesis unveiled the X Gran Equator Concept. The rugged-looking SUV is the brand’s “first adventure vehicle concept,” but that’s about all we know.

Genesis said the off-road SUV “marries on-road sophistication with off-road resilience,” offering adventure and refinement, but didn’t provide any specifics.

After a modified Genesis test car was spotted in South Korea with off-road upgrades, it’s looking more likely that the off-road SUV may actually be an EV.

The images posted by user hscarstory on an online forum are among the first to emerge. The vehicle, a modified Genesis Electrified GV70, was being tested by the “Chassis Test Team.” You can see a few added off-road elements like a fine-tuned suspension and bigger tires.

It also has a large tow hook or wrench on the front, a staple of Hyundai XRT test cars. The test vehicle is expected to be the first of a new Genesis off-road brand or trim, similar to Hyundai’s XRT.

Genesis said the X Gran Equator Concept wasn’t confirmed for production. Still, certain design elements and features, such as the integrated roof rails and split-opening tailgate, “showcase the brand’s future design potential.”

The brand has yet to say when the luxury off-roader will arrive. We do know Genesis is launching its first hybrid, the GV80, next year.

It will introduce its first extended-range electric vehicle (EREV) based on the GV70 in late 2026 or early 2027. We got our first look at the Genesis GV70 EREV and hybrid models earlier this month, out for testing.

The GV90 is expected to arrive in mid-2026 as the first vehicle built on Hyundai’s new eM platform. Genesis has yet to reveal when it will launch the luxury off-roader, but it’s expected to arrive as a 2027 model. Since it’s introducing new powertrains, we can’t rule out an EREV or a hybrid variation of the off-roader.

Can Genesis compete with the Rivian R1S? Or the upcoming Range Rover Electric? We should learn more soon. Check back for the latest updates.

Source: HSscarstory

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