Candela can’t stop setting or breaking records with its high-tech hydrofoil electric boats. The latest record takes advantage of the vessel’s DC Fast Charging capabilities and ultra-efficient design to quickly cruise between Sweden and Finland.
The voyage marked the first time an electric boat has ever crossed the Baltic Sea, and it did so in style, flying roughly a meter above the waves on a hydrofoil boat.
The Candela C-8 makes use of computer-controlled hydrofoils that lift the boat out of the water, leaving just 1% of the boat in the heavy resistance water. By soaring through the air, the Candela C-8 uses just 20% of the energy needed by other boats.
The round trip from Sweden to Finland and back covered a distance of 150 nautical miles (172 miles or 278 km).
“The aim was to demonstrate that long-distance electric sea travel is not only possible today, but that foiling electric ships and boats outperform fossil-fueled vessels in every way,” said Gustav Hasselskog, CEO and founder of Candela.
The record-setting trip was made in the latest version of the leisure boat Candela C-8, equipped with a Polestar 69 kWh battery. The boat set off early in the morning from Stockholm’s Frihamn.
After a charging stop in Kapellskär, they arrived in time for lunch in Mariehamn, the capital and largest town of the Åland Islands, an autonomous region of Finland. In doing so, the C-8 became the first electric boat to cross the Baltic Sea and demonstrate the advantages of electric boats beyond short range travel. The return trip followed the same route, arriving back home for (a late) dinner.
“The disadvantage of electric boats has been their short range, due to traditional boat hulls consuming so much energy. With our hydrofoil technology, we combine high speed and range, but you get so many other benefits. Flying over the Åland Sea in total silence and without slamming was absolutely magical,” said Gustav Hasselskog.
Interestingly, the cost savings of the trip were also consequential. A similarly-sized gasoline-powered chase boat followed along with a camera crew to document the voyage, and it spent around 750€ on fuel stops along the way. The Candela C-8’s charging bill would have come to roughly 50€, though one crew member on the Candela boat remarked that the friendly harbors actually let them charge for free.
“We actually had range anxiety, but not for the Candela. The irony is that the photographer’s gasoline-powered chase boat had to refuel six times during the trip, while we only charged three times,” said Gustav Hasselskog.
And that’s not to mention the much smoother ride of the C-8, which glides above the peaks and troughs of the waves, instead of bouncing over them like a traditional planing boat.
The trip was performed largely using the existing charging infrastructure along the way, and was performed in partnership with Kempower, a charging solutions provider.
In Kapellskär, the Candela charged with a Kempower Movable Charger, a 40-kW wheeled charger connected to the existing power grid at the harbor. In Finland’s Mariehamn, the boat was plugged into the marina’s three-phase outlet.
“Kempower is proud to contribute to the electrification of boating and help create greener waterways. Electric boats combined with hydrofoiling offer the best possible efficiency. Kempower’s DC fast charging solutions are ideal for electric boating, and our Kempower Movable Charger is a plug-and-play solution that integrates seamlessly with the electrical grids already available in many marinas,” says Antti Vuola, Kempower’s Director of Market Segments.
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.