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Here’s the thing about renewables like wind and solar that many people don’t get. The “fuel” that makes them work is free. That is not to say the devices we construct to harvest energy from wind and solar don’t cost anything and don’t contribute some greenhouse gas emissions. But let’s not pretend that somehow all the concrete, steel, and piping that go into making a thermal generating plant are inexpensive and carbon free.

And yes, getting the power generated by renewables from where it is made to where it is used requires building new transmission lines. But they don’t leak oil and gas into our rivers and oceans the way pipelines do. Isn’t it odd how fossil fuel apologists question the need for new transmission infrastructure when it involves electricity from renewables but never do when it comes to electricity from thermal sources? One is a scourge while the other is a blessing? Does that make any sense?

The central point is, once the fuel for thermal generating plants gets consumed, we have to go out and find more of it. Prices for coal, oil, and gas aren’t stable. They fluctuate constantly — sometimes wildly — which makes it hard to make long term business decisions. The world is about to get a hard lesson in the true cost of relying on fossil fuels this winter. With unnatural gas in short supply, prices are expected to skyrocket. The cost of electricity in some places could double or triple as a result.

Yet the cost of sunlight never goes up. It is free and always will be. All we have to do is gather it up and distribute it efficiently and humans will have all the electrical energy they could possibly need forever.

Wind Is Solar

Wind is just solar energy in a different format. Think about it. Wind is air moving from one place to another. And what causes the air to move? Temperature differences. And what causes temperature differences? The sun. Whether we are talking about a breeze that fills the sails of a boat or the jet streams that encircle the globe, the sun is the ultimate source of all air movements on Earth.

Denmark Opts For Wind Islands

Denmark has been experimenting with offshore wind power since 1991. It’s no wonder two of the world’s largest wind turbine companies — Vestas and Ørsted — are both Danish. For years, it has thought about constructing artificial islands in the North Sea and the Baltic Sea to serve as bases for offshore wind farms. Now the government has officially sanctioned the idea. The Danish government will own 50.1% of the islands with private partners owning the rest.

The island in the North Sea will have a capacity of 3 GW, which is equal to the electricity consumption of three million households and twice the amount of energy provided by all offshore wind turbines in Denmark today. It also corresponds to approximately half of Denmark’s total electricity consumption. The capacity will be expanded in phases to a maximum of 10 GW, which could cover the electricity consumption of 10 million households and contribute to the further electrification of Denmark and its neighboring countries.

In the Baltic Sea, the artificial island will be located offshore near the island of Bornholm. Electricity from the offshore installation will be distributed from Bornholm to electricity grids on Zealand and neighboring countries. The turbines off the coast of Bornholm will have a capacity of 2 GW, corresponding to the electricity consumption of two million households.

The decision to establish the two energy islands was reached under the climate agreement of 22 June 2020, which was entered into by the Danish Government, the Liberal Party, Danish People’s Party, Social Liberal Party, Socialist People’s Party, the Red-Green Alliance, Conservative Party, Liberal Alliance and the Alternative.

The US Offshore Wind Initiative

Offshore wind is popular because the equipment can be placed well out to sea where it is invisible to people on land. We don’t object to a welter of poles, wires, and transformers cluttering up our built environment but heaven forfend we have to deal with the sight of a spinning turbine. Eeeek! Also, wind speeds tend to be more stable and predictable out over the ocean than they are on land, which makes offshore wind more reliable.

This past week, the US government announced plans for seven major offshore wind farms along both coasts and in the Gulf of Mexico. They are part of a plan by the Biden administration to create 30 GW of offshore wind energy by 2030 — enough for 10 million homes. Sharp eyed readers will note Danish authorities expect that much electricity to power 30 million homes, which tells you something about how much electricity the average home in the US uses compared to homes in the rest of the world.

Interior Secretary Deb Haaland said her department hopes to hold lease sales by 2025 for areas off the coasts of Maine, New York and the mid-Atlantic, as well as the Carolinas, California, Oregon and the Gulf of Mexico. The projects could avoid about 78 million metric tons of carbon dioxide emissions while creating up to 77,000 jobs, according to The Guardian.

In addition to offshore wind, the interior department is working with other federal agencies to increase renewable energy production on public lands, Haaland said, with a goal of at least 25 gigawatts of onshore renewable energy from wind and solar power by 2025.

The government’s wind initiatives will face a host of technical and political challenges. Who will ever forget a certain ex-president telling a group of fawning admirers that wind turbines “kill all the birds”? Yet the same people don’t bat an eye when offshore oil rigs (many of which are visible from land) spill millions of gallons of crude oil into the ocean, when pipelines threaten the water supply of millions of people, or fracking turns domestic drinking water toxic. Can you say “hypocrites,” boys and girls? Yeah, we knew you could.

The government is taking steps to address those concerns, however. The DOE announced last week it allocate $11.5 million to study the risks offshore wind development may pose to birds, bats, and marine mammals. It will also monitor changes in commercial fish and marine invertebrate populations at an offshore wind site on the east coast and spend $2 million on visual surveys and acoustic monitoring of marine mammals and seabirds at potential wind sites on the west coast.

“In order for Americans living in coastal areas to see the benefits of offshore wind, we must ensure that it’s done with care for the surrounding ecosystem by coexisting with fisheries and marine life – and that’s exactly what this investment will do,” Energy Secretary Jennifer Granholm announced.

The Takeaway

The bottom line is what is known in the industry as the levelized cost of electricity — the triple net, absolute measure of what it costs to generate kilowatt of electricity. Water seeks its own level, nature abhors a vacuum, and business craves the lowest cost option. Today, the LCOE of wind and solar energy is lower than thermal generation and getting cheaper all the time. And why not? The cost of fuel for renewables is zero. It doesn’t get much cheaper than that!

Fossil fuel adherents will fuss and fume about national security, energy independence, and the wonders of military might, but the truth is renewables not only slash carbon emissions, they can enhance national security, provide energy independence, and eliminate much of the need for standing armies to any country and all for free. What could we possibly be waiting for?

 

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Volvo reveals $28,000 EX30 starting price in China as low-cost BYD rival

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Volvo reveals ,000 EX30 starting price in China as low-cost BYD rival

The cheapest Volvo EV so far was officially launched in China over the weekend. Volvo launched the EX30 in China with a low starting price of $27,800 (200,800 yuan) as the automaker takes on BYD head-on in its home market.

In the first quarter of the year, “thousands of customers across Europe got behind the wheel of an EX30,” as Volvo gears up to begin deliveries in key markets, including the US, China, and South Korea.

Volvo is preparing to launch its low-cost EV in over 90 countries by the end of 2024. Although the EX30 is already living up to its promise as a profitable growth driver, Volvo expects even more.

EX30 production began last fall in Zhangjiakou, China, as Volvo prepares to launch an EV offensive. To meet the growing demand for affordable EVs in Europe, Volvo announced it would build the EX30 at its Ghent Plant in Belgium from 2025.

Volvo’s EX30 led to a new global sales record in Q1, but the automaker expects even bigger results as its low-cost EV hits the world’s largest electric car market.

Volvo-EX30-price-China
Volvo EX30 for China (Source: Volvo)

Volvo EX30 price revealed in China starting at $27,800

Volvo officially launched the EX30 in China on Sunday with a starting price of 200,800 yuan ($27,800).

The base RWD core model features up to 410 km (255 miles range). It’s available in four trims: RWD Core, RWD Long Range Plus, RWD Long Range Ultra, and a high-performance AWD Ultra model.

Volvo EX30 trim Range
(CLTC)
Starting Price
RWD Core 255 mi (410 km) $27,800 (200,800 yuan)
RWD Long Range Plus 366 mi (590 km) $30,300 (219,800 yuan)
RWD Long Range Ultra 366 mi (590 km) $32,100 (232,800 yuan)
AWD High-Performance Ultra 335 mi (540 km) $35,400 (255,800 yuan)
Volvo EX30 price and range by trim in China

Powered by either a 49 kWh lithium-ion (RWD Core) or 66 kWh ternary lithium battery, the EX30’s fastest recharge time (10% to 80%) is 26 minutes.

You can see Volvo included new signature design elements like Thor Hammer LED headlights and a closed grille.

The China-made EX30’s rear features the logo “Volvo Asia Pacific,” which indicates where it was built.

Inside, you will find a modern, simplistic layout. Included is a 12.3″ vertical infotainment with hidden air conditioning units. The three-spoke steering wheel includes touch controls for key features. In addition, Volvo used environmentally friendly recycled materials like flax fiber and denim.

At 4,233 mm long, 1,838 mm wide, and 1,555 mm tall, the EX30 will rival BYD’s best-selling Atto 3 SUV (4,455mm X 1,875 mm X 1,615 mm) and Dolphin (4,290 mm X 1,570 mm X 1,770 mm) electric hatch in China.

Electrek’s Take

BYD was the best-selling car brand in China last year after overtaking Volkswagen. After slashing prices and declaring a “liberation battle” against ICE vehicles, BYD hit a new weekly sales record in China earlier this month.

Through May 12, BYD had over 101,300 registrations in China, outpacing rivals Tesla, Li Auto, NIO, and XPeng.

Its cheapest EV, the Seagull Honor Edition, now starts at just $9,700 (69,800 yuan). Perhaps, more importantly, BYD is expanding into new segments like luxury and mid-size SUVs.

BYD launched the Sea Lion 07, its first “mid-size urban smart electric SUV,” this month, undercutting Tesla’s Model Y with starting prices of $26,250 (189,800 yuan).

Volvo is also gearing up for an EV offensive, with its EX30 rolling out into new markets. The EX30 will start at $34,950 (plus a $1,295 delivery fee) in the US, and deliveries are expected to begin this summer.

The company is also launching its first three-row electric SUV, the EX90. In China, Volvo began production of its first luxury electric minivan, the EM90.

Volvo’s lineup will include the EX30, EX40, EC40, EM90, and EX90. With the launch of new EVs, Volvo expects demand to “remain robust” over the next few quarters.

Can Volvo’s new EX30 help it keep up with EV leaders like BYD in China starting under $28,000? Let us know your thoughts in the comments below.

Source: CarNewsChina, Volvo

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Tesla releases update to remove steering wheel nag, shuts down sunglasses loophole

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Tesla releases update to remove steering wheel nag, shuts down sunglasses loophole

Tesla has started pushing its new Full Self-Driving (FSD) v12.4 update, and it confirmed the removal of the “steering wheel nag”, but it improved camera-based driver monitoring, including shutting down the sunglasses loophole.

As usual, Elon Musk has been hyping up the next Tesla FSD update as “mind-blowing”, but this time, he went beyond the superlatives and released a few verifiable details about the update.

Musk said that v12.4 should result in a 5 to 10x improvement in miles per intervention. It’s going to be hard to verify because Tesla never released that data for previous versions of the software, but we do have some crowdsourced data that we could compare it to.

The CEO also said that v12.4 would remove what most people call “steering wheel nag.”

“Steering wheel nag” is what Tesla drivers call the alerts the vehicle sends to remind drivers to apply pressure on the steering wheel. Tesla doesn’t have a way to detect hands on the steering wheel, so it can “confirm” drivers keep their hands on it – by detecting torque being applied on the wheel.

Tesla has started to push the update to its internal fleet this weekend and now we have more details about the changes in driver monitoring.

The automaker wrote in the release notes of the update (via Not a Tesla App):

When Full Self-Driving (Supervised) is enabled, the driver monitoring system now primarily relies on the cabin camera to determine driver attentiveness. This enhancement is available on vehicles equipped with a cabin camera and only when the cabin camera has clear and continuous visibility of the driver’s eyes (e.g., the camera is not occluded, there is sufficient cabin illumination, and the driver is looking forward at the road ahead and not wearing sunglasses, a hat with a low brim, or other objects covering the eyes).

Tesla warns that there will still be some steering wheel nag if outside of the circumstances listed above:

Outside of these circumstances, the driver monitoring system will continue to rely on a combination of torque-based (steering wheel) and vision-based monitoring to detect driver attentiveness.

The automaker also commented on how the camera-based driver monitoring is going to work:

If the camera detects the driver to be inattentive, a warning will appear. The warning can be dismissed by the driver immediately reverting their attention back to the road ahead. Warnings will escalate depending on the nature and frequency of detected inattentiveness, with continuous inattention leading to a Strikeout.

While we have yet to see this in practice, it does sound like Tesla might be relaxing the frequency of alerts on that front, too, as long as the driver is paying attention.

Tesla is trying to reassure everyone that the camera data from the cabin doesn’t leave the vehicle:

Cabin camera images do not leave the vehicle itself, which means the system cannot save or transmit information unless you enable data sharing.

Tesla is expected to start pushing the v12.4 update to the wider fleet this week.

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Oil little changed after Iran’s president dies in helicopter crash

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Oil little changed after Iran's president dies in helicopter crash

Iranian President Ebrahim Raisi looks on during a TV interview, in Tehran, Iran May 7, 2024. 

Iran’s Presidency | WANA | Via Reuters

Crude oil futures were little changed Monday after Iran’s president and foreign minister died in a helicopter crash.

President Ebrahim Raisi and Foreign Minister Hossein Amirabdollahian perished in the crash in Iran’s East Azerbaijan province in poor weather.

Here are today’s energy prices:

  • West Texas Intermediate June contract: $79.78 a barrel, down 28 cents, or 0.35%. Year to date, U.S. crude oil is up 11.3%.
  • Brent July contract: $83.77 a barrel, down 21 cents, or 0.25%. Year to date, the global benchmark is up 8.8%.
  • RBOB gasoline June contract: $2.56 a gallon, down 0.54%. Year to date, gasoline futures have gained 21.7%.
  • Natural gas June contract: $2.65 per thousand cubic feet, up 1%. Year to date, gas is up 5.8%.

Policy in OPEC’s third-largest producer is not expected to change, with Vice President Mohammad Mokhber taking over as interim president as the country prepares for new elections within 50 days.

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WTI vs. Brent

In Saudi Arabia, OPEC’s largest producer, King Salman is undergoing treatment for a lung infection.

Oil Prices, Energy News and Analysis

U.S. crude oil and Brent booked modest gains last week, but remain stuck in a narrow range as traders look for a catalyst that could lift prices out of the doldrums.

OPEC and its allies, led by Russia, will hold a meeting on June 1 to review production policy. A coalition of OPEC+ members are voluntarily cutting output by 2.2 million barrels per day to support prices.

Don’t miss these stories from CNBC PRO:

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