Connect with us

Published

on

Star-crossed startup Lightyear has finally thrown in the towel on attempting to bring its long-promised solar EVs to market – at least one donning its own badge and design language. The startup’s founding CEO, Lex Hoefsfloot, has been replaced as the born-again startup pivots toward solar panel development to be implemented on other companies’ vehicles. That, frankly, is just not as sexy.

It’s been an exciting yet disappointing seven-year journey for Lightyear. Like many startups, the solar EV company demonstrated some inspiring and potential industry-changing technology, only to fall short due to a lack of funds.

We at Electrek have covered much of that journey, including the evolution of Lightyear’s original solar EV concept into the Lightyear 0, and were even present for that seemingly pivotal, now less-relevant milestone in Finland, when the flagship SEV began production… briefly.

We were also there behind closed doors at CES 2023, and got an up-close look at the company’s true holy grail, the $40,000 Lightyear 2 SEV. Unbeknownst to us, Lightyear would announce it was filing for bankruptcy a few weeks later, selling off its assets including its 0 prototypes to try and regroup and try again.

By April 2023, Lightyear announced it had successfully restructured as a team of about 100, down from the original 600 originally employed, as it worked to pay back its creditors and once again focus on Lightyear 2 development, still led by founder and CEO Lex Hoefsloot.

Today, we learned that Hoefsloot is out as CEO, and Lightyear is abandoning Solar EV development in favor of onboard systems to sell to other manufacturers.

Lightyear solar EV
Lightyear’s new CEO Dr. Bonna Newman (left) and CFO Marnix Borghouts (right) / Source: Lightyear

Lightyear looks to provide solar systems to other EVs

Per a release out of the Netherlands this morning, Lightyear announced a leadership change that will pivot the startup’s entire business strategy toward on-board solar charging systems.

Dr. Bonna Newman has been appointed Lightyear’s new CEO and brings a Ph.D. in Physics from MIT and nearly two decades of work experience in the solar and vehicle-integrated photovoltaic sector.

Also joining the Lightyear team as its new CFO is Marnix Borghouts – a CPA and finance executive with over three decades of experience across several sectors. Newman and Borghouts will capitalize upon Lightyear’s remaining intellectual property developed for solar EVs under Hoefsloot and mold those technologies into onboard solar products to sell to others. Per Lightyear’s new CEO, Bonna Newman:

Lightyear has demonstrated how highly-efficient electric vehicles combined with on-board solar will accelerate the energy transition and benefit the world. Lightyear has set the stage for a new era of solar-powered mobility. I look forward to partnering our amazing team with the automotive industry to ensure the best on-board solar technology is available to everyone.

Lightyear shares that now-former CEO Lex Hoefsloot will stay with the startup he founded and transition into a new role that focuses on “the longer-term potential of the company,” e.g., solar tech for other OEMs. Lex also spoke:

I have great confidence in Bonna’s and Marnix’s leadership, their combined skillset is exactly what the company needs right now. I am confident they will take this company to new heights. As Lightyear is becoming more mature and shifts towards scaling the on-board solar technology, my skills are best put to use in a different role within the company. I will focus on getting more of our automotive technology IP stack onto the market and find the right partners to execute on the commercial potential of the Lightyear vehicle

Following its 2023 rebirth, Lightyear once again joins a list of startups that didn’t quite come to fruition. In the solar EV segment in particular, Lightyear now joins fellow EU startup Sono Motors in officially pivoting away from vehicle production to focus solely on solar systems.

That only leaves Southern California solar EV developer and reborn startup in its own right, Aptera Motors, as the last of the big three still fighting to reach scaled production. The company has had a lot of financial assistance from its community of loyal fans. Still, plenty of financial hurdles are ahead as it looks to begin Launch Edition SEV production later this year.

Aptera has developed its own solar cell technology, but perhaps it has a chat with Lightyear to see if any improvements can be made.

FTC: We use income earning auto affiliate links. More.

Continue Reading

Environment

Oil prices tumble to lowest since May, on pace for biggest annual decline in 7 years

Published

on

By

Oil prices tumble to lowest since May, on pace for biggest annual decline in 7 years

Oil prices held on to most gains from the previous session in early trading on Thursday as investors awaited U.S.-China trade talks later in the day.

Anton Petrus | Moment | Getty Images

U.S. crude oil on Tuesday hit the lowest level since May, putting prices on pace for the worst performance in seven years as traders factor in a looming surplus and the possiblity of a peace agreement in Ukraine.

West Texas Intermediate hit $55.69 per barrel while Brent touched $59.42, the lowest level for the benchmarks since May 5.

The U.S. benchmark has lost about 22% this year for its worst performance since 2018. The global benchmark has shed nearly 20% for its worst year since 2020.

U.S. crude was last trading 2.13% lower at $55.61 per barrel while Brent was down 1.93% at $59.39. U.S. gasoline prices, meanwhile, have fallen below $3 per gallon to the lowest level in four years, according to the motorist association AAA.

The oil market is under pressure this year as OPEC+ members have rapidly ramped up production after years of output cuts. Investors are also pricing in the possibility of lower geopolitical risk as President Donald Trump pressures Ukraine to accept a peace agreement with Russia.

The threat of supply disruptions has loomed over the oil market since Russia launched its full-scale invasion of Ukraine in 2022. Kyiv has launched repeated drone strikes on Russian oil infrastructure this year. The U.S. and its European allies, meanwhile, have targeted Russia’s crude industry with sanctions.

Catch up on the latest energy news from CNBC Pro:

Continue Reading

Environment

Motorcycle classes are now looking to train teen e-bike riders

Published

on

By

Motorcycle classes are now looking to train teen e-bike riders

As electric bikes and e-scooters continue to surge in popularity, and as the growing ridership skews towards younger operators with growing questions about safety and road rules, motorcycle training courses might be an unexpected ally. In Las Vegas, motorcycle safety instructors are expanding their classrooms to include e-bike and e-scooter riders, responding to a growing number of traffic incidents involving younger riders and micromobility vehicles.

The new program, led by instructors at the College of Southern Nevada (CSN) and supported by a grant from the Nevada Department of Public Safety, is designed to give e-bike and e-scooter riders formal safety training similar to what motorcycle riders have long had access to. The move comes as local officials report more than 200 traffic collisions involving juveniles during school hours this year alone, many occurring near school zones.

Unlike traditional motorcycle training, these new courses are tailored specifically to the realities of electric micromobility, reports local CBS affiliate KLAS. That includes understanding e-bike classifications, where different types of electric bikes are legally allowed to operate, lithium-ion battery safety, and practical crash-avoidance strategies for riding in mixed traffic. The goal isn’t to discourage riding, but rather to help riders better understand risk management before something goes wrong.

And to sweeten the deal even further, the class is actually free. Riders won’t need to pay tuition, purchase special equipment, or already own an e-bike to participate. The only real barrier is showing up. For many families, that removes one of the biggest hurdles to formal safety education, especially at a time when e-bikes are increasingly being used by teenagers for commuting to school, after-school jobs, and social activities.

Advertisement – scroll for more content

The structure of the course also reflects how younger riders actually learn. Participants begin with an online, self-paced portion that covers the basics, followed by an in-person session focused on real-world riding scenarios. That hybrid approach mirrors what’s already common in motorcycle safety programs, but adapted for vehicles that are quieter, lighter, and often ridden without licensing requirements.

electra ponto go

More of these e-bike training programs aimed at younger riders are popping up around the US. This kind of training could play an important role as e-bikes continue to blur the lines between bicycles, scooters, and mopeds. Many new riders jump on an e-bike with little understanding of stopping distances, speed differentials, or how drivers perceive them in traffic. Others may not realize that different e-bike classes come with different rules about bike lanes, paths, and road use. Formal instruction helps fill those gaps in a way that YouTube videos and warning labels often don’t.

There’s also a broader implication here for cities across the US. As e-bike adoption grows faster than infrastructure and regulation can keep up, education becomes one of the most effective tools available. Teaching riders how to safely interact with cars, pedestrians, and traditional cyclists may reduce crashes without resorting to heavy-handed restrictions or outright bans that often follow high-profile incidents.

For new riders especially, programs like this can make the difference between e-bikes feeling intimidating or empowering. Instead of learning through trial and error – or worse, through an accident – riders get guidance from instructors who already understand traffic dynamics and safety principles of two-wheeled vehicles.

The CSN e-bike and e-scooter safety courses are scheduled to begin in January, and if successful, they could perhaps serve as a model for similar programs elsewhere. As electric bikes continue to move from novelty to normal transportation, efforts like this suggest that the future of micromobility safety may look less like enforcement and more like education.

FTC: We use income earning auto affiliate links. More.

Continue Reading

Environment

Ford pivots EV battery plants to grid + data center battery storage

Published

on

By

Ford pivots EV battery plants to grid + data center battery storage

Ford is jumping into the battery energy storage business, betting that booming demand from data centers and the electric grid can absorb the EV battery capacity it says it’s not using.

To achieve this, Ford plans to repurpose its existing EV battery manufacturing capacity in Glendale, Kentucky, into a dedicated hub for manufacturing battery energy storage systems.

Ford pivots from EVs to battery storage for data centers

Ford says it will invest about $2 billion over the next two years to scale the new business. The Kentucky site will be converted to build advanced battery energy storage systems larger than 5 megawatt-hours, including LFP prismatic cells, BESS modules, and 20-foot DC container systems — the kind of hardware increasingly used by data centers, utilities, and large-scale industrial companies.

The company plans to bring initial production online within 18 months, leaning on its manufacturing experience and licensed battery technology. By late 2027, Ford expects the business to deploy at least 20 gigawatt-hours of energy storage annually.

Advertisement – scroll for more content

The move follows a joint venture disposition agreement reached last week between Ford, SK On, SK Battery America, and BlueOval SK. Under the agreement, a Ford subsidiary will independently own and operate the Kentucky battery plants, while SK On will fully own and operate the Tennessee battery plant.

Ford is also planning a separate energy storage play in Michigan. At BlueOval Battery Park Michigan in Marshall, the company will produce smaller amp-hour LFP prismatic cells for residential energy storage systems. That plant is on track to begin manufacturing in 2026, and it will also supply batteries for Ford’s upcoming midsize electric truck — the first model built on the company’s new Universal EV Platform.

Electrek’s Take

Overall, the shift reflects Ford’s broader push toward what it calls “higher-return opportunities.” Alongside taking a step backward to add more gas-powered trucks and vans to its US manufacturing footprint, Ford says it will no longer produce some larger EVs, such as the Lightning F-150, where softer demand and higher costs are resulting from the lack of support for EVs by the Trump administration. (Batteries produced at the Glendale plant were for the all-electric Ford F-150 Lightning. The best-selling electric truck in the US in Q3, before the federal tax credit expired, was the Ford F-150 Lightning, with 10,005 EVs sold, a 39.7% year-over-year increase.)

With tax credits eliminated and regulatory uncertainty, Ford is pivoting to adjacent markets, including grid-scale and residential energy storage, to keep its battery plants running and justify billions in sunk investment.


If you’re looking to replace your old HVAC equipment, it’s always a good idea to get quotes from a few installers. To make sure you’re finding a trusted, reliable HVAC installer near you that offers competitive pricing on heat pumps, check out EnergySage. EnergySage is a free service that makes it easy for you to get a heat pump. They have pre-vetted heat pump installers competing for your business, ensuring you get high quality solutions. Plus, it’s free to use!

Your personalized heat pump 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. – *ad

FTC: We use income earning auto affiliate links. More.

Continue Reading

Trending