Volvo CE and Penta revealed two new mobile charging solutions for North American construction fleets at the Advanced Clean Transportation Expo in Las Vegas.
Volvo CE unveiled two Volvo-branded mobile charging units at a press conference held last night, calling them the next logical step towards full job site electrification.
“We all have a common goal to revolutionize the landscape of sustainable technology within the heavy equipment sector,” said Dr. Ray Gallant, Vice President — Sustainability and Productivity Services at Volvo CE. “Collaborating on these products allows us to make significant steps forward in the adoptability of electric machines.”
The first mobile charger, PU750, is a mobile DC fast charging solution developed to be an ideal solution for fast-charging larger equipment onsite without the need for a converter. The portable power unit (hence, “PU”) packs 750 usable kWh into a towable chassis that can fully charge the batteries in a machine like the Volvo EC230 Electric excavator from 0-100% three times before needing to be recharged itself.
Volvo PU quick specs
Volvo CE mobile charger quick specs; via Volvo CE.
When the PU750 does need charging, it can be managed using the grid interactive UIG power system. That enables the battery-hauling rig to maximize available AC power while tracking multiple assets simultaneously, all managed and visualized within the GridSure platform to make vehicle and charging power management clear to the fleet manager.
“We teamed up with UIG last year because of their expertise in integrating multiple assets to maximize on- and off-grid charging possibilities,” said Darren Tasker, Vice President Industrial, Volvo Penta North America. “Weaving our Volvo CE teammates into the partnership was always the plan, and it’s exciting to see what has come of this relationship so quickly.”
Volvo co-developed the PU130 with Portable Electric, and used its proprietary 48-volt technology, the PU130 provides the ability to charge equipment in less than an hour with 130 kWh of energy storage capacity and a 20 kW charge rate, while simultaneously providing up to 40 kW of onsite power to run portable offices or other buildings.
Volvo says the mobile chargers are further proof of the OEM’s commitment to providing the best solutions possible to make carbon reduction in the construction industry a reality. “Battery electric equipment is not feasible for every job site or application, but its use cases continue to grow,” said Dr. Gallant. “As long as owners and operators are making an effort to reduce emissions in whatever way they can, that is forward progress.”
Electrek’s Take
Volvo’s press events at ACT Expo always bring something exciting and, more importantly, useful to the table – and these mobile chargers are no exception.
Chevron is not seeing signs that the U.S. is close to a recession even as President Donald Trump’s tariffs weigh on expectations for oil demand, CEO Mike Wirth said Tuesday.
“There’s no signs that we see at this point that we are in or close to a recession,” Wirth told CNBC’s “Squawk Box.” “There are signs that growth may be slowing and we have to always be prepared for that.”
The International Monetary Fund on Monday cut its growth outlook for the U.S. this year to 1.8%, down from 2.7% previously.
The oil market is expecting reduced demand as a consequence of Trump’s tariffs and the decision by OPEC+ increase production faster than expected, Wirth said. Chevron isn’t changing its capital spending plans in response to drop in prices, the CEO said.
U.S. crude oil prices have fallen about 11% since Trump announced his tariffs on April 2. West Texas Intermediate was last up about 72 cents at $63.80 per barrel. OPEC and the International Energy Agency have cut their demand outlooks for this year.
Wirth said U.S. onshore oil production in patches like the Permian Basin is likely to pull back if prices hit $60 per barrel. Offshore production likely won’t be affected, he said.
“That’s an area where if we were to be at a $60 price or even lower you’re likely to see activity pull back in this sector and you’ll see the production response over a few months,” Wirth said. “That’s what we should watch, not so much the deep water activity.”
Chevron is not expecting a major direct impact on its business from Trump’s tariffs as energy has largely been exempt from the levies, Wirth said.
“The effects that we feel are likely to be more the macroeconomic effects as they flow through the economy,” Wirth said. “The bigger issues would be what would it mean for growth, and global trade and how does that evolve.”
Executives at oil and gas companies were scathing in their criticism of Trump’s tariffs in an anonymous March survey by the Federal Reserve Bank of Dallas, warning that steel tariffs were raising their costs and low prices could impact their activity.
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Little is known about super-secretive EV startup Slate, but the fledgling brand is rumored to be backed by Jeff Bezos and determined to shake up the existing electric order with an affordable lineup of compact SUVs and pickups with that golden $25,000 price tag.
Now, at least, we know what it’s gonna look like. The battle of the billionaires is on!
Redditor jonjopop over at the spotted subreddit spotted what looks like an early prototype of an unbranded SUV with bizarre “CryShare” wrap. CryShare, as a concept, seems to combine the functionality of a ride sharing app like Uber or Lyft with the familiar (to parent, anyway) idea that small babies will often sleep better in a moving car than in their own cribs … but that’s not what’s important here.
Instead, focus on the vehicle itself – parked on Abbot Kinney Boulevard in Los Angeles without explanation or fanfare, this is our best look yet at the kind of vehicle(s) Slate is likely to reveal in the coming days.
Other local automotive journalists caught wind of the public unveiling, too – and our friends at The Autopian (Hi, Matt!) sent their own David Tracy out on the streets of LA to check it out. Tracy took the following video and posted it to Instagram.
As with so much involving Slate, however, there is nothing here written in stone – or even cast in cheese. Nothing has been announced, nothing is promised, and for all we know this might have more to do with the affordable Rivian brand launch, a new BYD, or be a viral marketing bit from some local Art Center design student in (relatively) nearby Pasadena. In fact, about the only thing I think we can say about Bezos (?) new Slate project with confidence today is this: Elon could probably use that drink.
SOURCES | IMAGES: Reddit, The Autopian.
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Gold prices rebounded on Tuesday from a near four-week low reached in the previous session, as heightened concerns over the global trade war between the United States and its key trading partners lifted investor appetite for safe-haven assets.
Chris Ratcliffe | Bloomberg | Getty Images
Gold prices rallied Tuesday, hitting a record as President Donald Trump‘s repeated threats against the Federal Reserve’s independence have shaken investors and undermined confidence in the U.S.
Gold futures hit a session high of $3,509.90 per ounce Tuesday, after closing at a record $3,425.30 on Monday. The precious metal was last up 1.1% at $3,463.20. Gold has rallied about 31% since the start of the year and more than 9% since Trump announced sweeping tariffs on April 2.
Trump ratcheted up his public pressure campaign against Federal Reserve Chairman Jerome Powell on Monday, demanding he immediately lower interest rates and attacking him as a “major loser.” Equity markets sold off in response, with the Dow Jones Industrial Average falling more than 970 points.
Gold is viewed as a safe-haven asset in times of economic uncertainty. Central banks around the world have been adding to their gold reserves, supporting the precious metal’s rally this year.
“Gold has continued to serve as an effective hedge amid ongoing trade uncertainty,” analysts led by Mark Haefele, global wealth management chief Investment officer at UBS, told clients in a Tuesday note.
“Despite this strong performance, we see further upside potential,” Haefele said. “We continue to see support from investment demand, ongoing central bank diversification and a volatile macro backdrop.”
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