Caterpillar brings electric equipment ecosystem to CES2024
Caterpillar turned the heads of CES attendees with a monstrous, all-electric underground mining loader – but the real game-changer wasn’t the big mining rig, or even the electric excavator. Instead, it was Cat’s cutting-edge energy management systems to keep electric equipment charged up and ready to work.
“We are thrilled to return to CES to showcase our advancements in energy solutions. This event is renowned as the proving ground for breakthrough technologies and global innovators, making it the ideal place for us to demonstrate our leadership in power systems and integrated service solutions, which help our customers in the energy transition,” said Rod Shurman, senior vice president of Caterpillar’s Electrification + Energy Solutions Division.
To that end, Caterpillar showcased a number of on-site generators capable of generating electric power to store in its battery energy storage system (BESS). Caterpillar says its BESS is designed for rapid plug-and-play installation and integration, compatible with any combination of diesel, natural gas, or renewable energy sources.
Granted, fuel-agnostic energy storage is something most BESS products are capable of – but the concept of using on-site batteries for EV charging is still new enough that it might still be news to Cat’s customers. In fairness, Cat’s big BESS offers a comprehensive array of charging ports, making it compatible with almost any EV, charging it in about 20-40 minutes.
Caterpillar also showcased several smaller DC chargers designed to be compact enough for a single worker to wheel up to a piece of electric equipment and charge it with electrons in about three hours.
Speaking of electric equipment, Caterpillar also brought out an electric drive mini excavator fitted with a jackhammer implement meant to show fleet buyers that their legacy Cat accessories would still work once they made the transition to electric – but note: Cat’s excavator isn’t fully electric.
Cat 301.9 electric mini excavator
Unlike the fully-electric equipment concepts shown by Doosan Bobcat and HD Hyundai, which use electric actuators and gears to move their boom arms, the Cat 301.9 uses an electric motor to power its wheels and accessories, but still relies on conventional hydraulic oils to manipulate its arm – and that can be a problem in cold climates.
“The electric motors don’t make as much heat as the diesels,” explained “Greg,” one the Caterpillar SMEs on the ground at CES2024. “So it can take a long time to warm up the hydraulics.”
This might seem like a rookie mistake, but Greg clarified, “These are still really new. The first two or three I drove were converted diesel units. This is one of the first ones that was built electric from the start.”
To Caterpillar’s credit, sticking to hydraulic operation will make it easier for operators familiar with Cats to switch to electric. The fact that the hydraulic accessories fleet operators already own will work with the new electric 301.9 also helps lower the EV’s barrier to entry.
The 301.9 mini excavator was displayed alongside its 48 volt on-board battery pack, which offers a total capacity of 32 kWh and delivers 3 hours’ of continuous runtime – which is just enough to handle a full working shift above ground.
Below ground, you’ll want something a little bigger.
Cat R1700 XE LHD underground loader
The crown jewel of Caterpillar’s CES exhibit this year was the massive Cat R1700 XE LHD underground loader. The R1700 XE LHD offers a whopping 16.5-ton payload and a top speed just over 11 mph – a nightmare-fast speed in the tight confines of a dark underground mine, the loader’s natural habitat.
The good news is that you won’t have your lungs getting choked out by diesel fumes while you try to escape from the big Cat, because this is the only underground loader in the industry powered by onboard battery that can charge in less than 20 minutes when it’s hooked up to two of the big Cat MEC500 chargers we talked about at the beginning of this article.
This is the first of this type of Cat battery packs, which the company claims are a modular design that will power future electric equipment models, as well as with factory integrated telematics and a structure durable to endure the challenges of the job site.
Electrek’s Take
Caterpillar isn’t the only heavy equipment OEM hard at work developing a total job site solution to keep its new EVs charged up – but it did a fantastic job convincing people at CES that they were, and I wanted one of the bright blue CAT trucker caps badly enough not to say anything about it to their face.
That said, I got the chance to have Volvo Penta’s Darren Tasker as a guest on The Heavy Equipment Podcast to talk about Volvo Penta’s efforts to bring more sustainable, lower emission energy to remote job sites. Trust that other companies in the space, surely, are doing the same.
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The US Department of Energy (DOE) today announced $1.2 billion in financing to replace Puerto Rico’s fossil fuel plants with solar and battery storage through 2032.
The DOE’s Loan Programs Office announced two conditional commitments and one loan closing to power producers in Puerto Rico. Each supports a project contracted with the Puerto Rico Electric Power Authority. The announcements include:
- The closing of a $584.5 million loan guarantee to subsidiaries of Convergent Energy to finance a 100 MW solar farm with a 55 MW (55 MWh) battery energy storage system (BESS) in the municipality of Coamo and BESS installations in the municipalities of Caguas (25MW/100MWh), Peñuelas (100MW/400MWh), and Ponce (up to 100MW/400MWh)
- A conditional commitment for a loan guarantee of up to $133.6 million to a subsidiary of Infinigen for a 32.1 MW solar farm with an integrated 14.45 MW (4.76 MWh) BESS, and a co-located standalone 50 MW (200 MWh) BESS expansion in the municipality of Yabucoa
- A conditional commitment for a loan guarantee of up to $489.4 million to a subsidiary of Pattern Energy for three stand-alone BESS in the municipalities of Arecibo (50 MW/200 MWh), and Santa Isabel (50 MW /200 MWh and 80 MW/320 MW), and a 70 MW solar farm with an integrated BESS in the municipality of Arecibo.
If all are finalized, these projects would more than double LPO’s support for utility-scale solar generation and battery energy storage in Puerto Rico.
LPO provides low-cost financing and a rigorous due diligence process, making it a valuable resource for Puerto Rico as it works to rebuild an affordable, reliable, and clean energy system. As a result of reliance on imported fuel, the persistent threat of tropical storms, and underinvested infrastructure, Puerto Ricans today face average energy costs that are twice the US average – all while consuming only one-quarter of the energy of the US per capita.
LPO’s initial loan to a power producer in Puerto Rico, Project Marahu, closed in October 2024, and when complete will add more than 200 MW of solar and up to 285 MW of stand-alone energy storage to Puerto Rico’s grid.
Through its September 2023 partial loan guarantee to Project Hestia, LPO also supports virtual power plant (VPP)-ready rooftop solar and battery storage installations in Puerto Rico. As a nationwide project, Hestia’s sponsor is committed to at least 20% of installations under Project Hestia going to homeowners in Puerto Rico.
As part of its procurement plan, Puerto Rico Electric Power Authority seeks to install 1,500 MW of battery storage and requires a minimum capacity of storage to be co-located with each utility-scale solar project. Energy storage systems currently online in Puerto Rico are being dispatched every day.
When including Marahu, LPO’s closed and conditionally committed financing supports over 100% of the capacity Puerto Rico Electric Power Authority aimed to procure under its initial request for energy storage project proposals, the first of six.
Read more: Cleantech investments to top fossil fuels for the first time in 2025
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Chevy just introduced new deals on the Equinox and Blazer EV models to make them even more affordable. With 0% interest and a new trade-in bonus, Chevy is offering over $5,000 in savings.
Chevy adds new Equinox and Blazer EV deals in January
Although the Chevy Equinox EV is already “the most affordable” EV in its class with over 315 miles range, it’s getting even cheaper.
Earlier this week, Chevy launched new deals on the 2024 Equinox and Blazer EV models. According to a note sent to dealers, viewed by CarsDirect, the electric SUVs are now available with 0% APR financing for 60 months. You can also choose from 0.9% AP for 72 months and 2.9% APR for 84 months.
This marks the best financing offer on Chevy’s newest EVs to date. The previous best rates were 0.9% APR for 60 months, 3.9% for 72 months, and 5.9% for the longer 84-month option.
On a 7-year $45,000 loan, online auto research firm CarsDirect estimates the new deals amount to around a $5,200 price cut. The lower APR rates are already offered on the Chevrolet Silverado EV pickup.
In addition, Chevy is offering a trade-in bonus of up to $3,000 on the Silverado EV and $1,000 on the electric Equinox and Blazer models. If you choose to lease, the bonus is cut in half: $1,500 for the Silverado and $500 for the electric SUVs.
Chevy’s new EV deals started on January 14 and run through March 3, 2025. The deals come as rivals like Hyundai and Ford recently launched new EV promotions.
On Thursday, Hyundai launched a new promo on the upgraded 2025 IONIQ 5, which includes monthly leases as low as $199 and a free ChargePoint home EV charger (or $400 charging credit). Meanwhile, Ford extended its “Power Promise” program earlier this month, which also includes a free home charger, among several other benefits.
The 2024 Chevy Equinox EV started at $41,900 with up to 315 miles range. Prices for the electric Chevy Blazer start at $43,690 with up to 279 miles range.
If you are ready to try out Chevy’s new electric SUVs for yourself, we’ve got you covered. You can use our links below to view offers on the Chevy Equinox, Silverado, and Blazer EV models near you.
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In the Electrek Podcast, we discuss the most popular news in the world of sustainable transport and energy. In this week’s episode, we discuss non-Tesla EVs getting Supercharger access, Cybertruck sales in the spotlight, Rivian getting some money from Biden, and more.
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