The Einride EV freight truck charging station in Lynwood, California, built by Voltera and located close to the Ports of Los Angeles and Long Beach.
Einride
One of the first EV charging stations of scale for freight trucks is opening near the major ports of Los Angeles and Long Beach, California, as the trucking market takes some limited, but significant steps to build the infrastructure required for a long-term transition to EV trucking and net-zero shipping.
Built by Sweden-based freight mobility company Einride and EV charging infrastructure company Voltera, the Lynwood Smartcharger Station along Interstate 710 has 65 chargers and the ability to charge 200 vehicles a day, initially for routes run by global shipping giant A.P. Moller-Maersk, which is also a venture investor in Einride, which was named to the 2023 CNBC Disruptor 50 list.
The Ports of Los Angeles and Long Beach handles 29% of all ocean cargo container traffic coming into the U.S.
“The launch of Einride’s first Smartcharger station in the U.S. marks a momentous stride in establishing digital, electric freight as an important enabler to a more resilient U.S. freight system,” Robert Falck, CEO and founder of Einride, said in a statement.
Founded in 2016, Einride operates one of the largest fleets of heavy duty electric trucks for large companies, including Pepsi.
Voltera, which develops, owns and operates EV infrastructure, said the site was permitted, built, electrified and operational in under 18 months. “In the world of charging infrastructure, that’s pretty remarkable,” its CEO Matt Horton said in a statement.
Einride plans to open many EV charging stations for freight trucking on the West and East coasts, though California is the only state in which there are any EV freight charging stations of scale today. In addition to the new Lynwood station, logistics company NFI announced a freight EV charging station in February that can handle up to 50 trucks, including from Volvo, in acollaboration with Electrify America and Southern California Edison. The NFI EV charging station for port drayage trucks is located at its warehouse facility in Ontario, California, also a strategic location to serve the major southern California ports.
Due to the limitations that EV truck batteries face in range, trucking companies and EV partners are focusing on drayage transportation, and the movement of goods across short distances, for use at ports and intermodal logistics facilities.
Erik Neandross, CEO of transportation consultant GNA, which works with clients on low-carbon and zero-emissions freight, said servicing 50 trucks or more is a different level of magnitude than what’s been done to date in the freight market, but he added that it is still early in the development of EV charging at scale for trucks. “We’re super early. It’s fair to say we’re in the first half of the first inning. California really is the epicenter of activity at this scale and magnitude,” he said.
California’s government has been aggressive in offering grants and incentives to build EV infrastructure, and also approved its utilities to spend $750 million on the development, which makes a significant difference in a market where there are still few EV trucks on the road or charging stations in operation, making it difficult to prove the cost competitiveness versus diesel fuel.
Government and utility spending, combined with regulations to reach net zero by 2040 — and the need among major shippers such as consumer products companies and big-box retailers, from Pepsi to Walmart, to meet their own carbon goals — create an environment in which more investment across the U.S. freight market will be occurring.
The California Air Resources Board is requiring truck manufacturers to begin phasing in available heavy-duty EV technology this year, with expectations to have all zero-emission short-haul drayage fleets by 2035. Medium and heavy trucks make up only about 4% of vehicles in the U.S., but consume more than 25% of total highway fuel and represent nearly 30% of highway carbon emissions, according to the Department of Energy.
Additional EV charging projects at ports in New York and New Jersey, as well as the Pacific Northwest, are planned.
“Now is the time to test it before the next few fleet buying cycles,” Neandross said. “There is nothing like building the infrastructure to go out and see, learn. That’s where we are today.”
The entire supply chain, from the manufacturing of products, to a container being shipped all the way from Shanghai to Chicago, will require a complex net zero equation, and shippers and freight companies are targeting everything from energy use at plants to source materials, packaging and logistics. “To get to net zero, you have to do all of it,” Neandross said. “A lot of the companies we work with have been hard at work on the non-transport side. Take Pepsi, they’ve done all they can do to put in LED lights and buy renewable energy and maximize the efficiency of production. Now it’s time to get to work on trucks and the logistics side. It’s hard, but it has to be done.”
The Environmental Protection Agency released new emissions mandates for cars and pickups this week, and the EPA is expected to soon issue new emissions requirements for medium and heavy-duty trucks, which will make alternatives to diesel engines more competitive, including both compressed natural gas-powered trucks and zero-emission EV trucks.
Ruth Porat, President & Chief Investment Officer of Alphabet & Google, speaks during the Reuters NEXT conference, in New York City, U.S., December 10, 2024.
Mike Segar | Reuters
Alphabet‘s Google will invest $25 billion in data center and artificial intelligence infrastructure over the next two years in states across the biggest electric grid in the U.S., the technology company said Tuesday.
Google will also spend $3 billion to modernize two hydropower plants in Pennsylvania to help meet the growing power demand from data centers and AI in the region, according to the company.
The refurbishment of the Pennsylvania plants is part of broader a framework agreement that Google signed with Brookfield Asset Management to purchase 3,000 megawatts of hydroelectric power across the U.S.
Google’s investments in the region comes as the PJM Interconnection is struggling to keep up with rising electricity demand from data centers and industry. PJM is the biggest electric grid in the nation, covering 13 states across the mid-Atlantic and parts of the Midwest and South. It includes the world’s largest data center market in northern Virginia.
President Donald Trump, White House Cabinet officials, tech and energy executives are meeting at Carnegie Mellon University in Pittsburgh on Tuesday to discuss AI investment in Pennsylvania.
Locals call him the “Bicycle hero,” but Texas man Evan Wayne says he’s just doing what he can to help his community after it was cut off due to the recent devastating and deadly flooding tragedy.
When the local Sandy Creek flooded following torrential rains in Texas, it destroyed the only bridge into one community. Residents were cut off from access to supplies, including everything from necessities like food, water, and medicine to basic comforts.
Although the bridge was impassable to cars, volunteers who quickly organized to help the stranded residents found that the damaged bridge could still be traversed on foot. Or in the case of Evan Wayne, it could be covered by an electric bike.
Evan joined hundreds of volunteers who answered the call of grassroots organizers by working together without any official capacity. While many started by hand-pulling garden carts of supplies uphill to reach the stricken community, Evan jury-rigged a trailer to an e-bike and took on as much of the load as he could, helping shuttle much-needed food and gear into the community over hundreds of round-trip journeys.
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“This was a dog trailer 48 hours ago. I had a hacksaw, hacked the top off, grabbed some bungee cords, and here we are,” explained Evan in an interview with CBS Austin, while waiting for the next load of gear to be stacked on his trailer.
In the first two days of the operation, he made around 100 round trips each day, shuttling food and water as well as critical rescue supplies. “Right now, I’m waiting on a couple of chainsaws that I’ll bring in for a crew that’s been going at it with handsaws so far.”
In addition to delivering needed supplies, Evan has often found himself moving something even more important: information. “I’ve flagged down medics. I’ve been the guy that goes between Austin EMT and STAR Flight because I’m quicker than cell phones sometimes, people don’t have signal a lot of the time.”
Evan quickly points out that he isn’t the only one helping. “I’ve got an e-bike, but other people are pulling carts. People are walking, people are carrying things. Everyone is doing what they can.” But there’s no doubt that his ability to carry more gear at higher speeds and make hundreds of round-trip journeys so far in and out of the stricken neighborhood has helped impact countless lives.
“This is all volunteers here. They’re just taking it upon themselves to get people where they need to go. I think there’s an umbrella company coming in, taking over tomorrow, but until they get here, people are just taking care of people, which is what you’ve got to do.”
E-bikes proving their worth in emergencies
While many people consider electric bicycles just another form of recreation, they’ve proven to be potent transportation alternatives after natural disasters worldwide.
Not only do their small and efficient batteries make performing hundreds of rescue trips like Evans’ possible, but recharging can be done simply and easily with a solar panel when electricity is out after a disaster. And when gas stations are out of fuel (or simply can’t pump it with the power grid down), e-bikes can keep running while gasoline-powered motorcycles or ATVs run dry.
Electric bicycle batteries have also proven to be a handy source of emergency power after hurricanes and other disasters, often helping owners keep their phones charged up for days to remain in contact with family or rescue services.
While most hope to never need theirs for emergency purposes, electric bicycles have proven their worth in countless disaster scenarios, adding benefits far beyond just alternative transportation, recreation, or fitness riding.
E-bikes can be kept running nearly indefinitely after natural disasters with access to solar recharging equipment
Image credits: CBS Austin (screenshots), used under fair use
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Twitter CEO Jack Dorsey testifies during a remote video hearing held by subcommittees of the U.S. House of Representatives Energy and Commerce Committee on “Social Media’s Role in Promoting Extremism and Misinformation” in Washington, U.S., March 25, 2021.
Handout | Via Reuters
Block jumped more than 5% on Monday, leading a rally in shares of fintech companies as analysts downplayed the threat of JPMorgan Chase’s reported plan to charge data aggregators for access to customer financial information.
The recovery followed steep declines on Friday, after Bloomberg reported that JPMorgan had circulated pricing sheets outlining potential fees for aggregators like Plaid and Yodlee, which connect fintech platforms to users’ bank data.
In a note to clients on Monday, Evercore ISI analysts said the potential new expenses were “far from a ‘business model-breaking’ cost increase.”
In addition to Block’s rise, PayPal climbed 3.5% on Monday after sliding Friday. Robinhood and Shift4 recorded modest gains.
Broader market momentum helped fuel some of the rebound. The Nasdaq closed at a record, and crypto rallied, with bitcoin climbing past $123,000. Ether, solana, and other altcoins also gained.
Evercore ISI’s analysts said that even if JPMorgan’s changes were implemented, the most immediate effect would be a slight bump in the cost of one-time account setups — perhaps 50 to 60 cents.
Morgan Stanley echoed that view, writing that any impact would be “negligible,” especially for large fintechs that rely more on debit, credit, or stored balances than bank account pulls for transactions.
PayPal doesn’t anticipate much short-term impact, according to a person with knowledge of the issue. The person, who asked not to be named in order to speak about private financial matters, noted that PayPal relies on aggregators primarily for account verification and already has long-term pricing contracts in place.
While smaller fintechs that depend heavily on automated clearing house (ACH) rails or Open Banking frameworks for onboarding and compliance may face real pressure if the fees take effect, analysts said the larger platforms are largely insulated.