Norman Nato, Andretti Global, Porsche 99X Electric Gen3
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.
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.
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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Charging network IONNA is partnering with Casey’s, one of the US’s largest convenience store and pizza chains, to bring DC fast charging to EV drivers across the Midwest.
Starting this year, Casey’s customers can plug into IONNA’s 400 kW charging stations while grabbing a slice or stocking up on road-trip essentials. Eight “Rechargeries” are already under construction in six states and are expected to open in 2025:
Little Rock, Arkansas
Vernon Hills, Illinois
McHenry, Illinois
Terre Haute, Indiana
Parkville, Missouri
Kearney, Missouri
Blackwell, Oklahoma
Waco, Texas
The Casey’s deal pushes IONNA past 900 charging bays in construction or operation — more than double what it had just three months ago. IONNA says the partnership will “expand,” but doesn’t provide specifics.
“This partnership with Casey’s is key to expanding our presence in America’s heartland,” said IONNA CEO Seth Cutler. “With a shared respect and commitment to delivering quality customer experience, we are pleased to add Casey’s to our growing network of partners.”
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IONNA is a joint venture backed by eight of the world’s biggest automakers – BMW, General Motors, Honda, Hyundai, Kia, Mercedes-Benz, Stellantis, and Toyota – working to rapidly scale a DC fast-charging network in the US.
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Anthropic and Google officially announced their cloud partnership Thursday, a deal that gives the artificial intelligence company access to up to one million of Google’s custom-designed Tensor Processing Units, or TPUs.
The deal, which is worth tens of billions of dollars, is the company’s largest TPU commitment yet and is expected to bring well over a gigawatt of AI compute capacity online in 2026.
Industry estimates peg the cost of a 1-gigawatt data center at around $50 billion, with roughly $35 billion of that typically allocated to chips.
While competitors tout even loftier projections — OpenAI’s 33-gigawatt “Stargate” chief among them — Anthropic’s move is a quiet power play rooted in execution, not spectacle.
Founded by former OpenAI researchers, the company has deliberately adopted a slower, steadier ethos, one that is efficient, diversified, and laser-focused on the enterprise market.
A key to Anthropic’s infrastructure strategy is its multi-cloud architecture.
The company’s Claude family of language models runs across Google’s TPUs, Amazon’s custom Trainium chips, and Nvidia’s GPUs, with each platform assigned to specialized workloads like training, inference, and research.
Google said the TPUs offer Anthropic “strong price-performance and efficiency.”
“Anthropic and Google have a longstanding partnership and this latest expansion will help us continue to grow the compute we need to define the frontier of AI,” said Anthropic CFO Krishna Rao in a release.
Anthropic’s ability to spread workloads across vendors lets it fine-tune for price, performance, and power constraints.
According to a person familiar with the company’s infrastructure strategy, every dollar of compute stretches further under this model than those locked into single-vendor architectures.
Google, for its part, is leaning into the partnership.
“Anthropic’s choice to significantly expand its usage of TPUs reflects the strong price-performance and efficiency its teams have seen with TPUs for several years,” said Google Cloud CEO Thomas Kurian in a release, touting the company’s seventh-generation “Ironwood” accelerator as part of a maturing portfolio.
Claude’s breakneck revenue growth
Anthropic’s escalating compute demand reflects its explosive business growth.
The company’s annual revenue run rate is now approaching $7 billion, and Claude powers more than 300,000 businesses — a staggering 300× increase over the past two years. The number of large customers, each contributing more than $100,000 in run-rate revenue, has grown nearly sevenfold in the past year.
Claude Code, the company’s agentic coding assistant, generated $500 million in annualized revenue within just two months of launch, which Anthropic claims makes it the “fastest-growing product” in history.
While Google is powering Anthropic’s next phase of compute expansion, Amazon remains its most deeply embedded partner.
The retail and cloud giant has invested $8 billion in Anthropic to date, more than double Google’s confirmed $3 billion in equity.
Still, AWS is considered Anthropic’s chief cloud provider, making its influence structural and not just financial.
Its custom-built supercomputer for Claude, known as Project Rainier, runs on Amazon’s Trainium 2 chips. That shift matters not just for speed, but for cost: Trainium avoids the premium margins of other chips, enabling more compute per dollar spent.
Wall Street is already seeing results.
Rothschild & Co Redburn analyst Alex Haissl estimated that Anthropic added one to two percentage points to AWS’s growth in last year’s fourth quarter and this year’s first, with its contribution expected to exceed five points in the second half of 2025.
Wedbush’s Scott Devitt previously told CNBC that once Claude becomes a default tool for enterprise developers, that usage flows directly into AWS revenue — a dynamic he believes will drive AWS growth for “many, many years.”
Google, meanwhile, continues to play a pivotal role. In January, the company agreed to a new $1 billion investment in Anthropic, adding to its previous $2 billion and 10% equity stake.
Critically, Anthropic’s multicloud approach proved resilient during Monday’s AWS outage, which did not impact Claude thanks to its diversified architecture.
Still, Anthropic isn’t playing favorites. The company maintains control over model weights, pricing, and customer data — and has no exclusivity with any cloud provider. That neutral stance could prove key as competition among hyperscalers intensifies.
Redwood Materials, founded by former Tesla CTO and cofounder JB Straubel, has raised $350 million in new funding to scale its US-made battery storage systems and critical materials operations. The company is ramping up to meet surging demand from AI data centers and the clean energy sector.
The oversubscribed Series E round was led by Eclipse, with participation from NVentures, NVIDIA’s venture capital arm, and other new strategic investors.
As global supplies tighten, the US is racing to secure domestic production of critical materials like lithium, nickel, cobalt, and copper. In July, Redwood and GM signed a non-binding memorandum of understanding to turn new and second-life GM batteries into energy storage systems. Redwood launched a new venture in June called Redwood Energy that repurposes both new and used EV battery packs into fast and cost-effective energy storage systems.
Redwood says large-scale battery storage is the fastest and most scalable way to enable new AI data center rollout while unlocking stranded generation capacity and stabilizing the grid. Battery storage also helps industrial facilities electrify and balance renewable energy output. The company aims to deliver a new generation of affordable, US-built energy storage systems designed to serve the grid, heavy industry, and AI data centers, reducing dependence on imported Lithium Iron Phosphate batteries.
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Redwood will use the new capital to expand energy storage deployments, refining and materials production capacity, and its engineering and operations teams.
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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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