Lightning fast charger: Fortescue 6 MW DCFC for electric heavy equipment

Published

1 month ago

October 4, 2024

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Fortescue’s 6MW electric vehicle charger stuns the EV and mining industries

Global mining and metals company Fortescue is driving the technology behind massive, all electric heavy equipment solutions with an all-new 6 MW DC fast charger that can charge this massive haul truck’s 1,900 kWh battery in less than thirty minutes. (!)

Jointly developed by Fortescue and heavy equipment giants Liebherr, the 6 MW (6000 kW) DC fast charger is twice as fast as the 3 MW prototype shown last year during CES, but was just a small part of the massive $4 billion electric equipment deal the two companies signed at MINEexpo this past week. That money will eventually pay for a total of 475 zero emission Liebherr machines, with a breakdown of 360 autonomous battery-electric trucks, 55 electric excavators, and 60 battery-powered loaders.

The big news, though, has to be that game-changing 6MW charger.

“Fortescue has developed the stationary fast charging solution to support the autonomous battery-electric truck,” the company said this week. “Equipped with robotic connection options, the charger can provide up to 6 MW of power and charge the current battery-electric T 264 [a 240 ton rigid haul truck we covered back in July] in 30 minutes.”

That’s right, kids. This deal is so big that news of the world’s fastest commercially available DC fast charger is delivered almost as an afterthought.

“We are proud to have facilitated the single largest equipment deal in the entire 75-year history of the Liebherr Group. Especially as the expansion of our collaboration with Fortescue is an important step forward in our shared goal to decarbonize mining activities worldwide,” says Dr Jörg Lukowski, executive vice president, sales and marketing, Liebherr-Mining Equipment SAS. “The technology developed as part of this record-breaking deal will not only support our customers along their decarbonization journeys but also help us honor our commitment to offer completely fossil fuel free hauling, loading and dozing solutions by the end of the decade. In fact, in the coming years, Liebherr and Fortescue Zero will be able to offer more customers within the industry a proven, large scale zero emission mining ecosystem.”

The rollout of these HDEVs is part of Fortescue’s 2030 Real Zero target, which aims to eliminate harmful carbon emissions from its Australian iron ore operations by 2030.

“The world needs Real Zero now – it simply cannot afford to wait,” says Dr. Andrew Forrest, executive chairman, Fortescue. “The green solutions we need are here today, and Fortescue Zero is supplying them and rolling them out across our massive mining operations.”

Amen to that.

Electrek’s Take

Fortescue gets all the fun electric toys; via Liebherr.

Fortescue and Liebherr absolutely get it when it comes to decarbonization. The solutions here, they’ve been proven across tens of millions of miles of operation, and the equipment doesn’t just work — it works better than diesel.

The time to convert the world’s heavy equipment to battery power is now.

SOURCE | IMAGES: Fortescue, via Liebherr.

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Environment

Cybertruck backlog runs out, Model S gets stuck, GM hits a sales milestone

Published

7 hours ago

November 5, 2024

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Cybertruck backlog runs out, Model S gets stuck, GM hits a sales milestone

On today’s episode of Quick Charge, Tesla’s Cybertruck is now available in Canada – and, like in the US, there’s no waiting! Plus, we’ve got an “actually” smart summon Tesla that’s actually stuck, GM reaches a sales milestone, and we get a brand-new title sponsor!

Today’s episode is the first with our new title sponsor, BLUETTI – a leading provider of portable power stations, solar generators, and energy storage systems.

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Environment

This ‘supercharger on wheels’ brings fast charging to you [update]

Published

9 hours ago

November 4, 2024

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This 'supercharger on wheels' brings fast charging to you [update]

Mobile car care company Yoshi Mobility launched a DC fast charging EV mobile unit that it likens to “a supercharger on wheels.”

November 4, 2024 update: Yoshi Mobility will only be charging EVs on the side of the road now – it announced today that it’s selling its fleet fueling operation to EZFill Holdings (Nasdaq: EZFL).

It was originally founded as a direct-to-consumer, mobile fueling business in 2016, but now it’s going to focus on mobile EV charging, virtual vehicle inspections for partners like Uber and Turo, and onsite preventative maintenance.

Bryan Frist, Yoshi Mobility’s CEO & cofounder, said, “By spinning off our fuel business and focusing all of our energy on solving hair-on-fire problems that fleet owners face, we are meeting the changing needs of enterprise customers while making the future of transportation safer, cleaner, and more sustainable.”

May 22, 2024: Yoshi Mobility saw that its existing customers needed mobile EV charging in places where infrastructure has yet to be installed, so the Nashville-based company decided to bring the mountain to Moses.

“We recognized a demand among our customers for convenient daily charging, reliable private charging networks, and proper charging infrastructure to support their fleet vehicles as they transition to electric,” said Dan Hunter, Yoshi Mobility’s chief EV officer and cofounder.

The company says its 240 kW mobile DC fast charger, which can turn “any EV” into a mobile charging unit, is the first fully electric mobile charger available. It can provide multiple charges in a single trip but doesn’t detail how they charge the DC fast charger or who manufactured it. (I asked for more details, and they replied that they won’t disclose client names or the manufacturer of its DC fast charger yet.)

Yoshi is launching its mobile charger on two GM BrightDrop Zevo 600s and will introduce additional vehicles throughout 2024. It aims for full commercialization by Q1 2025. (I wonder if the Zevo 600 ever charges itself? Yes, I asked that too.)

Yoshi Mobility says it’s already deployed its EV charging solutions to service “major OEMs, autonomous vehicle companies, and rideshare operators” across the US. Its initial customers are made up of large EV operators managing “hundreds” of light-duty vehicles requiring up to 1 megawatt of energy per day that don’t yet have grid-connected EV chargers. I’ve asked Yoshi for details of who it’s working with, and will update if they share that info.

The company says pricing is based on location and enterprise charging needs. Once under contract for service, the service will be deployed to US-based customers within 10 days.

To date, Yoshi Mobility has raised more than $60 million, with investments from GM Ventures, Bridgestone, ExxonMobil, and Y-Combinator in Silicon Valley.

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Environment

Marqeta shares plunge more than 30% on big forecast miss

Published

9 hours ago

November 4, 2024

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Marqeta shares plunge more than 30% on big forecast miss

Marqeta celebrates its initial public offering at the Nasdaq on June 9, 2021.

Source: The Nasdaq

Marqeta shares tumbled more than 30% in extended trading on Monday after the company issued weaker-than-expected guidance for the fourth quarter.

Here’s how the company did compared with Wall Street estimates, based on a survey of analysts by LSEG:

Loss per share: 6 cents adjusted vs. a loss of 5 cents expected
Revenue: $128 million vs. $128.1 million expected

While third-quarter results showed a slight disappointment on the top and bottom lines, Marqeta’s forecast for the current period was more concerning.

The payment processing firm said revenue in the fourth quarter will increase 10% to 12% from a year earlier. Analysts were looking for growth of more than 17%, according to LSEG.

Marqeta, which primarily functions as a card-issuing platform, attributed the guidance miss to “heightened scrutiny of the banking environment and specific customer program changes.” The company has been struggling for a while, and its stock is now down more than 80% from its peak in 2021, the year it went public. The stock was down 15% for the year prior to the report.

Total processing volume of $74 billion was up more than 30% from a year earlier. Net revenue and gross profit were up 18% and 24%, respectively.

Marqeta’s digital commerce business sells payment technology designed to detect potential fraud and ensure that money is properly routed. It also issues customized physical cards that look like a credit or debit card that can be used for point-of-sale purchases.

The company has been trying to break into the buy now, pay later business with a recently launched product called Marqeta Flex. The service brings BNPL from lenders such as Affirm or Klarna to any credit card wherever Mastercard and Visa are accepted.

“It’s an orchestration layer, but it’s tied to issuing and processing and disputes and chargebacks,” CEO Simon Khalaf told CNBC at Money2020 in Las Vegas last week. “So it is not actually a Wild West in BNPL. It is actually very well established. And there is a reason why a lot of people are jumping to it.”