Environment

What ‘transition’? Renewable energy is growing, but overall energy demand is growing faster

Published

3 years ago

November 4, 2021

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Wind turbines in waters off the coast of the U.K.

Lakeland-Photos | iStock | Getty Images

The world wants to “transition” away from fossil fuels toward green energy, but the difficult reality is this: Dirty fuels are not going away — or even declining — anytime soon.

The total amount of renewable energy that’s available is growing. That’s good news for a world threatened by potentially devastating climate change.

But the increase in renewable energy is still lower than the increase in global energy demand overall. A “transition” from fossil fuels may come someday, but for now, renewable energy isn’t even keeping pace with rising energy demand — so fossil fuel demand is still growing.

“The global power market is experiencing rapid power demand growth as markets recover from the pandemic. Despite all the capacity additions in renewables generation, the amount of power currently generated by renewables is still not enough to meet this increased demand,” Matthew Boyle, manager of global coal and Asia power analytics at S&P Global Platts, told CNBC.

The global supply of renewables will grow by 35 gigawatts from 2021 to 2022, but global power demand growth will go up by 100 gigawatts over the same period, according to Boyle. Countries will have to tap traditional fuel sources to meet the rest of the demand. A gigawatt is 1 billion watts.

Overall energy shortage

At the same time, the amount spent on oil and gas has declined as prices collapsed in 2020 and the industry faced growing pressure to move away from dirty fuels. Total spending in 2021 was a little more than $350 billion – “well below” 2019 levels, said the IEA’s World Energy Outlook 2021 report released last month.

“The world is not investing enough to meet its future energy needs … Transition-related spending is gradually picking up, but remains far short of what is required to meet rising demand for energy services in a sustainable way,” the IEA report said.

That shortfall will only widen as economies reopen and travel resumes, with demand already spiking to pre-pandemic levels. The IEA said the rapid “but uneven” recovery from the pandemic is straining energy markets, sparking sharp rises in prices for natural gas, coal and electricity.

Already, countries are in the throes of a major energy crunch, as a gas shortage slams Europe and coal shortages pressure China and India.

That said, just because major energy companies may be cutting investment in fossil fuels doesn’t mean those emissions have stopped altogether.

Speaking at the Green Horizon Summit chaired by CNBC’s Julianna Tatelbaum during the COP26 climate conference in Glasgow, Scotland, BlackRock Chairman and CEO Larry Fink expressed worries that publicly traded oil companies are lowering their reportable emissions by merely selling parts of their business to private companies that are less transparent than big firms traded on public markets.

Fossil fuels as necessary backup

One problem with renewables is that many sources are at the mercy of the weather.

“You might build a lot of wind farms, you might have hydro reservoirs and and hydro generation facilities, and you might have a lot of solar panels,” Anthony Yuen, head of energy strategy at Citi Research told CNBC in a phone interview. “The problem is: What if you don’t have enough water, wind, or solar versus your initial planning assumption?”

Renewable energy sources tend to under-deliver during certain periods — such as for instance in the month of September, when there’s less wind power generated in Europe and China, according to Boyle of S&P Global Platts.

Yuen said countries need to think through ways to ensure a reliable energy supply, and one “common ground solution” would be to use traditional fuels as a backup when renewables fail to carry through.

“We have to be more conservative, and that means two things. One is, you basically build more capacity [for renewables] so that you try to cover more,” he said. “But the other point is, what are some of the backup systems? Because sometimes, you know, let’s say the hydro reservoir or wind doesn’t show up for days … So the battery system is probably not sufficient.”

Yuen added that some “cleaner” fossil fuels such as natural gas can be used as a backup.

“Some would say that you’re perpetuating fossil fuel use. But what then is the trade-off between people actually having sufficient energy or not, right?” he said. “And that means that maybe carbon capture should still be on the table until the system is reliable enough that you don’t need fossil fuels.”

Carbon capture refers to technology designed to capture carbon dioxide from high-emitting activities such as power generation or industrial facilities that use either fossil fuels or biomass for fuel.

What it means for climate targets

In 2021, $750 billion will be spent globally on clean energy technologies, but that “remains far below” what is required for climate targets, the IEA said.

Such spending would need to double in the 2020s to maintain temperatures “well below” a 2 degrees Celsius rise, and they’d need to more than triple to keep it to a 1.5 degrees Celsius increase.

Countries under the 2015 Paris Agreement agreed to limit the rise in global temperatures to 1.5 degrees Celsius — the threshold that scientists say could stave off the worst impact of global warming.

Getting the world on track for net-zero emissions by 2050 — a target set in the Paris Agreement — would require clean energy transition-related investment to accelerate from current levels to around $4 trillion annually by 2030, according to the IEA . That would mark an increase of more than three times the current investment.

Metals shortfall

Lithium, cobalt and nickel are metals essential to generating renewable energy, as well as for the production of electric vehicles.

UBS in a recent estimate said that demand will increase by 11 times for lithium, three times for cobalt and two times for nickel in the next decade.

Tesla is starting to have Model Y inventory in the US again, ramps up incentives in China/Europe

Published

5 hours ago

April 24, 2025

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Tesla is starting to have Model Y inventory in the US again, ramps up incentives in China/Europe

Tesla is starting to replenish its Model Y inventory in the US after the design changeover, and it is ramping up incentives in China and Europe, suggesting that demand issues persist despite the new Model Y’s introduction.

After Tesla’s disastrous first quarter, shareholders attempted to blame the company’s issues on the transition to the new Model Y, which resulted in limited supply and buyers delaying their deliveries.

There’s no doubt that it impacted Tesla’s performance in Q1, but there were also other clear demand issues.

The automaker stated that it successfully resumed Model Y production to normal levels in record time. Therefore, Model Y supply can’t be blamed going forward and there are reasons to be concerned.

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Earlier this month, we reported that Tesla was already able to deliver new Model Y on the same day in the US and was operating a sort of shadow inventory without actually listing new inventory Model Y.

Now, Tesla has officially started to add new inventory Model Ys in the US – confirming that it doesn’t have a backlog of orders for the updated vehicle:

It’s challenging to determine the exact number of new Model Y vehicles Tesla has in stock.

The website Tesla-Info tracks new vehicle listings in the US, but Tesla only lists configurations available in specific markets. After depleting the inventory of the older version of the Model Y in late March, Tesla is now listing 93 new Model Ys in the US:

However, for any of those listings, there could be several Model Ys in inventory, especially considering that Tesla currently has a limited number of options for the new Model Ys.

Tesla’s Model Y configurations also lists most configurations as being available today in most major US markets. This again points to Tesla having no order backlog for the brand-new vehicle.

At least, Tesla has yet to introduce incentives to sell the vehicle in the US, but it does in other markets.

We previously reported that Tesla quickly introduced 0% financing for the new Model Y in China. The incentive was initially scheduled to end this month, but Tesla has now extended it through June 30th, the end of the quarter.

Tesla is having even more issues in Europe, where its sales are crashing. The automaker is also struggling to sell some older Model Ys from its inventory.

Tesla produced about 30,000 more vehicles than it delivered in the first quarter, and it increased its inventory by $1.7 billion.

Electrek’s Take

Some people think that I’m happy to see this, but they couldn’t be more wrong. I’m just emphasizing it because recognizing the problem is the first step toward fixing it, and I want it to be fixed.

The biggest EV automaker failing is not good for EV adoption, and Tesla is going in that direction.

Tesla shareholders need to recognize that the Model Y refresh is not saving Tesla. Sales have been declining since last year, while electric vehicle (EV) sales continue to increase in most markets.

The combination of Elon Musk alienating half of Tesla’s potential customer base and Tesla’s stale lineup due to the focus on self-driving is resulting in an impossible situation for Tesla right now. Something needs to change.

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Environment

Greenlane’s flagship electric charging truck stop is now online [update]

Published

6 hours ago

April 24, 2025

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Greenlane's flagship electric charging truck stop is now online [update]

Greenlane flagship charging truck stop — Photo: Greenlane

Greenlane, which is rolling out a US EV charging network for big rigs, just switched on its first electric truck stop in Colton, California.

April 24, 2025: The flagship facility, at the intersection of Interstates 215 and 10, was completed eight months after breaking ground. It’s got 41 OEM-agnostic chargers with 12 pull-through lanes and CCS 400 kW dual-port chargers with liquid-cooled cables. They’re built to handle big Class 8 electric rigs with ease. Twenty-nine bobtail lanes feature CCS 180 kW chargers.

Colton offers a spacious lounge with food and drinks, a water refill station, and restrooms. There’s free wifi, mobile charging stations, and 24/7 customer support. Security includes round-the-clock on-site attendants, security cameras, gated access, and enhanced lighting. Office space is available for leasing, and there’s overnight truck and trailer parking.

It’s the first of several electric charging truck stops planned for the company’s I-15 commercial EV charging corridor. Greenlane plans to expand its network with future sites expected roughly every 60 to 90 miles in Long Beach, Barstow, and Baker, California.

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Greenlane has also secured its first commercial fleet customer, fully electric truckload carrier Nevoya, which will begin operating its fleet of electric trucks out of Colton early next month. Nevoya will use the charging infrastructure and occupy on-site office space. The two companies plan to scale the partnership to include up to 100 of Nevoya’s electric trucks.

Greenlane’s flagship electric charging truck stop

March 11, 2025: Builder and developer Mortenson is constructing the commercial EV charging facility in Colton, which broke ground last September. It will include more than 40 chargers when it comes online for heavy, medium, and light-duty EVs. In its next phase, Greenlane plans to deploy solar panels and battery storage to enhance grid stability, manage peak loads, and increase energy efficiency.

Greenlane’s pull-through lane chargers will be equipped with Alpitronic CCS 400 kW dual-port chargers featuring oil-cooled cables. That means faster charging without the bulk—these cables stay lightweight and easy to handle. For bobtail charging, eFill CCS 180 kW chargers will be available, bringing smart energy management to keep fleet operations running smoothly.

To keep everything in check, ABB’s SCADA system will handle remote monitoring and breaker management, boosting reliability and efficiency. Plus, Greenlane’s sites are built with Trenwa precast cable trench, making it easier to expand EV charging infrastructure and upgrade to megawatt charging as fleet demand grows.

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Greenlane’s tech launch

Greenlane, a joint venture between Daimler Truck North America, NextEra Energy, and BlackRock, also debuted its branded digital technology suite as part of its ongoing development of the I-15 Commercial EV Charging Corridor. The products will be rolled out in phases.

Greenlane’s Chief Technology Officer, Raj Jhaveri, said, “Our technology helps maximize uptime and operational efficiency by ensuring vehicles are charged efficiently and ready to meet the demands of their freight schedules.”

The tech rollout includes an app that allows drivers to check charger availability and make reservations in advance, a fleet portal that enables fleet managers and dispatchers to plan and manage routes for their electric fleets, and a new Greenlane website.

Greenlane also now has OnRamp Application Programming Interfaces (APIs) that integrate with existing fleet solutions, providing fleet managers and drivers access to optimized routes, efficient charging and refueling schedules, and related charging data and emissions savings.

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Environment

Thousands of Volkswagen ID. Buzz vans are going driverless on Uber

Published

8 hours ago

April 24, 2025

admin

Thousands of Volkswagen ID. Buzz vans are going driverless on Uber

Volkswagen Uber — Photo: Volkswagen Group of America

VW’s US self-driving arm, Volkswagen ADMT (Autonomous Driving Mobility & Transport), is partnering with Uber to roll out thousands of autonomous ID. Buzz vans across the US over the next decade.

The plan kicks off in Los Angeles, with testing starting later this year and commercial rides expected to launch in 2026.

The ID. Buzz autonomous driving (AD) vans will have human operators onboard during early testing and launch phases to help fine-tune the tech and keep things safe. Each stage will only move forward once regulators give the green light.

Volkswagen’s mobility brand MOIA is supplying the vehicles and the AD software that’ll run them on Uber’s platform. It’s a full-stack approach to bringing self-driving EVs to ride-hailing, and another sign that the robotaxi race is heating up.

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“Volkswagen is not just a car manufacturer – we are shaping the future of mobility, and our collaboration with Uber accelerates that vision,” said Christian Senger, CEO of Volkswagen Autonomous Mobility.

In March 2024, Volkswagen became the first vehicle manufacturer to develop a Level 4 AD service vehicle for large-scale production. Level 4 AD means the car can handle most driving situations independently in a defined area, such as a city. It can also drive alone, without passengers.

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