Data centers powering artificial intelligence and cloud computing are pushing energy demand and production to new limits. Global electricity use could rise as much as 75% by 2050, according to the U.S. Department of Energy, with the tech industry’s AI ambitions driving much of the surge.
As leaders in the AI race push for further technological advancements and deployment, many are finding their energy needs increasingly at odds with their sustainability goals.
“A new data center that needs the same amount of electricity as say, Chicago, cannot just build its way out of the problem unless they understand their power needs,” said Mark Nelson, managing director of Radiant Energy Group. “Those power needs. Steady, straight through, 100% power, 24 hours a day, 365,” he added.
After years of focusing on renewables, major tech companies are now turning to nuclear power for its ability to provide massive energy in a more efficient and sustainable fashion.
Google, Amazon, Microsoft and Meta are among the most recognizable names exploring or investing in nuclear power projects. Driven by the energy demands of their data centers and AI models, their announcements mark the beginning of an industrywide trend.
“What we’re seeing is nuclear power has a lot of benefits,” said Michael Terrell, senior director of energy and climate at Google. “It’s a carbon-free source of electricity. It’s a source of electricity that can be always on and run all the time. And it provides tremendous economic impact.”
Watch the video above to learn why Big Tech is investing in nuclear power, the opposition they face and when their nuclear ambitions could actually become a reality.
Tesla is now offering free lifetime supercharging for Foundation-series Cybertrucks purchased as inventory vehicles, suggesting that it’s having a tough time getting rid of the highly-priced limited edition vehicles.
Tesla has often introduced vehicles with a limited-edition early series, such as the Founders’ and Signature series for early Roadsters, Model S and Model X. It didn’t do the same for the more everyman-focused Model 3 and Y, but brought back the practice for the Cybertruck with the Foundation series.
The Foundation series was a fully-loaded early model, with a $20k markup from base prices and including several options by default. It started delivery at the end of November, 2023.
The vehicle was selling well enough, and while Tesla’s limited editions usually only last perhaps a couple months and a few thousand vehicles, the Foundation series was extended for almost a year, with Tesla only starting to take non-Foundation configurations this October. As a result, Tesla sold somewhere on the order of 30,000+ Foundation series Cybertrucks, far more than its previous limited editions.
But eventually the well of customers willing to pay over $100k for a truck that was originally announced at a $40k base price seems to have ran dry, and Tesla is now having to figure out creative ways to get those vehicles out of inventory.
Recently, Electrek reported that Tesla is even going to the lengths of buffing Foundation series badges off of trucks and then sending them to Canada to sell them as non-Foundation trucks.
Even that, however, seems not to have been enough, as Tesla is now taking the limited amount of Cybertrucks left in inventory and offering free lifetime supercharging for those who purchase them – a perk that original Foundation series trucks did not get.
Lifetime supercharging is an old perk, which Tesla originally offered in its early days, both as an incentive to encourage purchase and because it was easier than building a payment system around a network that they were just building out. The perk went through various iterations, but it eventually became too much, and Tesla ended the free lifetime supercharging era in 2018.
You can find these vehicles on Tesla’s inventory website, and search for vehicles near you. Currently, there are 7 available here in Southern California – not that many, but it is just one region of the country.
To qualify, you must purchase a new Foundation Series Cybertruck after December 27, 2024 – which means original Foundation series owners who were first in line to spend $120k on this truck will not retroactively gain this benefit. The free supercharging perk is tied to your Tesla account and is not transferable to another person or vehicle.
You still have to pay idle and congestion fees at Superchargers, and you can’t use the car to run a taxi service (as the original Tesloop shuttle service did – which was one of the reasons the original perk went away).
But when the truck hit the road, things didn’t go exactly as planned. The vehicle came out late and over budget, also missing some of the specs that were originally promised. The first available “Foundation Series” models started at $100k – a far cry from the promised entry-level $40k. It’s now available at a base price of $79k – but a promised future $61k base RWD model was recently removed that from Tesla’s website.
But nevertheless, demand seems much lower than the sky-high expectations for the vehicle. That ~2 million vehicle backlog only lasted for about 30,000 vehicles, when Tesla started allowing orders without a reservation in October.
Tesla also recently shut down its Cybertruck line for 3 days, and didn’t make any public comment as to why. Various theories were advanced as to why, but during a time where Cybertruck sales don’t seem to be going as planned despite it being a critical time for the company in terms of deliveries, a sudden shutdown is in suspect.
But given the Cybertruck’s polarizing design, high price, and its clear association with Elon Musk who is becoming more and more distasteful by the day, it’s not a big surprise that there are fewer customers for the vehicle than projections might have suggested 5 years ago.
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The Dodge Charger Daytona EV will live up to its name as the “World’s first and only electric muscle car” as it hits new markets outside North America. Dodge’s new electric Charger is officially headed overseas as the brand eyes a bigger share of the global market.
When will Dodge launch the new Charger EV overseas?
In March, Dodge finally took the sheets off the all-electric Charger Daytona EV, claiming it retains the title of “World’s quickest and most powerful muscle car.” Well, the electric Charger will now get its chance to prove it.
Muscle car fans in markets outside North America will soon be able to buy the new Dodge Charger EV. Dodge maker Stellantis confirmed to CarScoops that the Charger Electric will launch in overseas markets starting next year.
“The Dodge Charger will also be sold in the Middle East beginning in the second half of 2025,” a spokesperson said. They added, “It will be available through importers in Europe,” which will also start later next year.
Dodge will introduce its full Charger lineup overseas, including EV and gas-powered models. The vehicle will also be available in two- and four-door versions. However, we still don’t know which powertrain will arrive first.
In the US, the 2024 Dodge Charger Daytona EV is available in two options. Dodge opened orders for the base R/T model in August, starting at $59,995.
2024 Dodge Charger Daytona EV trim
Horsepower
0 to 60 mph time
Starting price*
Dodge Charger Daytona R/T
496 hp
4.7 seconds
$59,995
Dodge Charger Daytona Scat Pack
670 hp
3.3 seconds
$73,190
2024 Dodge Charger Daytona prices and specs in the US (*excluding a $1,995 destination fee)
Meanwhile, the high-performance Scat Pack trim costs $73,190. The 2024 Dodge Charger Daytona EV Scat Pack includes a Direct Connection Stage 2 upgrade straight from the factory, delivering up to 670 hp and 627 lb-ft of torque for “SRT-like performance.” It can accelerate from 0 to 60 mph in just 3.3 seconds.
Dodge will follow up the EV model with two gas-powered models, a coupe and a sedan, set to arrive at dealerships next year.
The news comes after Stellantis confirmed in October that Ram’s first electric pickup, the Ram 1500 REV, will also launch overseas.
What do you think of the Dodge Charger Daytona EV? Can the electric muscle car make an impression in overseas markets? Let us know your thoughts in the comments below.
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Trina Solar has sold its Texas solar panel factory as the US scrutinizes Chinese companies cashing in on Inflation Reduction Act tax breaks.
December 30, 2024: FREYR announced on December 24 that it had closed its acquisition of Trina Solar’s 5-gigawatt (GW), 1.35 million-square-foot solar panel factory in Wilmer, Texas. The purchase finalizes FREYR’s transformation from a European battery company into a US solar company.
November 8, 2024: FREYR, which was founded in Norway and moved its headquarters to Georgia, paid $340 million for Trina’s factory. Trina will retain a minority ownership stake in FREYR, reportsBloomberg. The factory is set to reach full production by 2025, with firm contracts already locking in 30% of its estimated output for US customers.
The two companies announced the acquisition on November 6, the same day that Kamala Harris conceded the US election to Donald Trump – and a mere week after Trina opened the factory. On July 31, senators introduced S.4873, a bipartisan bill aimed at stopping Chinese companies from cashing in on US tax credits meant to boost American solar manufacturing. Chinese companies are expected to face even tighter trade restrictions under the Trump administration.
As Electrek reported in August 2023, Changzhou-headquartered Trina Solar was one of five Chinese solar panel manufacturers that received a US Department of Commerce (DOC) tariff slap because the DOC ruled that the companies were dodging US tariffs on China-made goods by processing components in Southeast Asian countries before shipping their solar products to the US.
Daniel Barcelo, FREYR’s newly appointed CEO, said, “We are proud to be partnered with Trina Solar, a global manufacturing and solar technology leader. Domestic manufacturing capacity for solar and batteries is essential for energy transition and job creation.” Barcelo said in an interview, according to Bloomberg, that he feels confident that the newly acquired factory will qualify for the IRA manufacturing tax credit.
As Politicoreported earlier this week about the Inflation Reduction Act’s 45X tax credit:
The 45X tax credit pays factory owners based on each component that’s produced. A solar module, for instance, can receive 7 cents a watt, or $70,000 per megawatt, though the payment will get smaller beginning in 2029.
Trina’s 5,000-megawatt Texas factory stands to receive $1.775 billion from 2025 through 2032 if it operates at a 78% utilization rate, according to Antoine Vagneur-Jones, head of trade and supply chains at BloombergNEF. At a 60% utilization rate, Trina would net more than $1 billion, he said.
FREYR says its next step is to build a 5 GW solar cell factory in the US, and site selection is already underway. The company plans to break ground in the second quarter of 2025, aiming for initial production in the second half of 2026. The new US-owned and operated solar cell factory will help solve a key bottleneck for developers, create up to 1,800 direct jobs, and meet local content requirements for US solar projects.
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