Porsche Consulting will design lithium-metal and solid-state battery maker Sakuu’s first 3D-printing gigafactory for commercial production.
Sakuu, which says it’s the “developer of the world’s first 3D printed solid-state battery,” has paired up with Porsche Consulting because it wants to tap into the automaker subsidiary’s large-scale factory design expertise.
With respect for its deep expertise in automotive plant ideation and execution, we ultimately selected Porsche Consulting due to our belief that its team exhibits mastery in designing large-scale manufacturing plants – start to finish.
Sakuu, which opened a 79,000-square-foot energy-producing pilot line facility in San Jose, California, in August 2022, says it will build gigafactories to meet its 2030 annual energy output goal of 200 GWh across its product line. It plans to break ground on two gigafactories in 2024.
The 3D-printed battery maker says sustainable design is a priority, and it also wants to figure out a way to maximize manufacturing efficiency so it can be rolled out and replicated internationally.
Sakuu’s first plant design will accommodate roll-to-roll manufacturing for its line of high-energy-density lithium-metal batteries. Roll-to-roll manufacturing is when a flexible base material known as a “substrate” is unrolled on an assembly line, and then modifying materials are layered onto that substrate one at a time with re-rolls – and that’s why it’s called “roll-to-roll.”
The battery maker also plans to build “first-of-their-kind plants” that feature Sakuu’s “Kavian” 3D printing method in order to make its Swift Print solid-state battery line.
Sakuu’s Kavian platform “can enable high-volume, automated, and cost-effective production of Swift Print battery cells – in any size or shape.” Its website states that its Swift Print lithium-metal sample cells, which have higher capacity and longer life and “can charge to 80%,” will ship this year.
Because the batteries are customizable, Sakuu can make batteries for everything from EVs to electric bikes to grid energy storage.
Gregor Harman, CEO of Porsche Consulting, North America, said of Sakuu:
Their seminal and scalable additive manufacturing approach can bring incredible innovation to major industries transitioning to new energy solutions – automotive and beyond.
Electrek’s Take
Sakuu falls into the “one to watch” category. Since they hired Porsche Consulting, it’s apparent that it’s going to prioritize the 3D printing of EV batteries.
In an August news post, Sakuu said it was aiming for “60 GWh by 2028.” It’s upped its production goal considerably since today it said that it’s now aiming for 200 GWh by 2030.
We look forward to seeing what happens next and which EV and clean energy companies it works with. My money’s on Porsche.
UnderstandSolar is a free service that links you to top-rated solar installers in your region for personalized solar estimates. Tesla now offers price matching, so it’s important to shop for the best quotes. Click here to learn more and get your quotes. — *ad.
FTC: We use income earning auto affiliate links.More.
In an email announcing the move, the CEO said that Tesla would continue building Supercharger stations that are currently under construction without further commenting on how the lack of charging team will impact Tesla’s plan to grow the critical EV charging network.
We now learn that there are already direct impacts on planned future Supercharger stations.
Sources familiar with the matter told Electrek that Tesla backed out of four leases for upcoming Supercharger locations in New York: one in Maspeth, South Bronx, two in Queens, and one in Gateway Center, Brooklyn.
These were new stations recently announced to address concerns with overcrowded Supercharger stations in New York.
The problem was partly due to a surge in Tesla vehicles used by Uber drivers due to a new incentive for the city to electrify its ride-sharing fleet.
In order to address the situation, Tesla promised to deploy 100 additional chargers around New York City by the end of the year and even worked directly with Uber to gather data to locate the new stations at optimal locations.
These four new locations represented the bulk of these planned new stations in the city, and they are gone.
Three of the four sites were “power-ready” – as some work was already being done to prepare them to become charging stations for Tesla.
There’s a silver lining. When contacted, Revel, which operates its own fleet of electric taxis and charging stations in New York, expressed interest in these sites because of their location and capacity for high-volume fast charging stations.
Tesla deployed a record number of Superchargers last quarter and now operates 57,579 Superchargers at 6,249 locations around the world.
Electrek’s Take
I’m really perplexed by Tesla firing its charging team. If one thing was a clear success at Tesla, it’s the Supercharger network.
Tesla had just won the charging standard battle – making NACS the new standard in North America and all other automakers adopting and jumping onboard with the Supercharger network.
Now more than ever, Tesla needs to grow the network to support the onboarding of non-Tesla EVs and its own growing fleet. And yet, Tesla fired the team instead and slowed down Supercharger installations – if not stopped entirely.
This is a bearish move if I have ever seen one.
FTC: We use income earning auto affiliate links.More.
Changpeng Zhao, former chief executive officer of Binance, arrives at federal court in Seattle, Washington, US, on Tuesday, April 30, 2024.
David Ryder | Bloomberg | Getty Images
Binance’s billionaire founder Changpeng Zhao was sentenced to four months in prison on Tuesday, after pleading guilty to charges of enabling money laundering at his crypto exchange.
“You had the wherewithal, the finance capabilities, and the people power to make sure that every single regulation had to be complied with, and so you failed at that opportunity,” U.S. District Judge Richard Jones said to Zhao in a Seattle federal court, according to a Reuters report.
The sentence handed down to the former Binance chief was significantly less than the three years that federal prosecutors had been seeking for him. The defense had asked for five months of probation. The sentencing guidelines called for a prison term of 12 to 18 months.
“I’m sorry,” Zhao told the judge before receiving his sentence, per Reuters.
“I believe the first step of taking responsibility is to fully recognize the mistakes,” Zhao reportedly said earlier Tuesday in court. “Here I failed to implement an adequate anti-money laundering program… I realize now the seriousness of that mistake.”
In November, Zhao, commonly known as CZ, struck a deal with the U.S. government to resolve a multiyear investigation into Binance, the world’s largest cryptocurrency exchange. As part of the settlement, Zhao stepped down as the company’s CEO. Though he is no longer running the company, Zhao is widely reported to have an estimated 90% stake in Binance.
Zhao, who wore a dark navy suit with a light blue tie to court, is accused of willfully failing to implement an effective anti-money laundering program as required by the Bank Secrecy Act, and of allowing Binance to process transactions involving proceeds of unlawful activity, including between Americans and individuals in sanctions jurisdictions.
The U.S. ordered Binance to pay $4.3 billion in fines and forfeiture. Zhao agreed to pay a $50 million fine.
The action against Binance and its founder was a joint effort by the Department of Justice, the CFTC and the Treasury Department, though the SEC was notably absent.
A Binance spokesperson said in a statement to CNBC that the crypto exchange is “proud of the culture of compliance, security, and transparency we have created over the past several years, and we look forward to building on that culture as we continue to evolve.”
Changpeng Zhao, former chief executive officer of Binance, arrives at federal court in Seattle, Washington, US, on Tuesday, April 30, 2024.
David Ryder | Bloomberg | Getty Images
The spokesperson said the company has made “considerable compliance enhancements,” including with regards to anti-money laundering detection and “hiring key compliance personnel.”
A lawyer for Zhao did not immediately respond to CNBC’s request for comment.
Prosecutors say Zhao violated U.S. law on an “unprecedented scale,” and that he had a “deliberate disregard” for Binance’s legal responsibilities.
In a memorandum on Apr. 23, prosecutors said that under Zhao’s control, Binance operated on a “Wild West” model.
“Zhao bet that he would not get caught, and that if he did, the consequences would not be as serious as the crime,” the memorandum stated. “But Zhao was caught, and now the Court will decide what price Zhao should pay for his crimes.”
Zhao has gotten off much easier than former crypto rival Sam Bankman-Fried, the founder and ex-CEO of FTX.
Bankman-Fried was sentenced to 25 years in prison for crimes connected to the operation of his crypto exchange. Unlike Zhao and the charges brought against Binance, Bankman-Fried’s bankrupt exchange faced allegations of fraud and misuse of customers funds.
Braden Perry, a former senior trial lawyer for the CFTC, said that behavior is typically viewed as more deceitful and financially damaging to a broader array of people than compliance failures.
“CZ’s case seems to focus on regulatory and compliance failures, while SBF’s case hinges on direct financial misconduct and deception,” continued Perry. “Compliance failures, while serious, might be seen as a failure of oversight rather than active malfeasance.”
Comments