Nascent solar electric catamaran manufacturer ZEN Yachts has announced the closing of a Series A funding round totaling 5.5 million euros ($5.86M), sponsored entirely by Ocean Zero, LLC. The zero emissions boatbuilder looks to use the fresh round of funding to continue construction of the first hulls of its ZEN50 solar electric catamaran, of which additional preorders have now been secured.
The ZEN Yachts name stands for “Zero Emission Nautic Ltd. – an ocean-conscious boatbuilder founded as recently as 2021 that is headquartered in Spain. To help propel the popularity of zero-emission yachts and maximize their performance, the company has combined both wind sailing with electric propulsion.
Its voyage into the marine market begins with the ZEN50, a 50+ foot solar electric catamaran currently being built near Barcelona. The 12-passenger electric yacht features 2 x 50kW brushless DC motors, powered by a 160 kWh lithium iron phosphate (LFP) battery pack.
The main pack is supported by an entire rooftop of solar panels, offering a peak power of 16 kW, allowing the ZEN50 to cruise at 4.5-5 knots using the power of the sun alone and 14+ knots using the electric motor and wingsail combined. The Oceanswings wingsail comes from AYRO, making the ZEN yacht the first series production leisure craft to feature this fully-automated wingsail technology.
Last spring, we shared specifications of the all-electric ZEN50, in addition to word that ZEN Yachts had secured its first pre-order. The company has since pivoted its hull construction strategy, but has completed a successful round of Series A funding to get it there.
Credit: ZEN Yachts
ZEN gains funding, but electric yacht construction delayed
ZEN Yachts announced the funding round today, committed entirely by Ocean Zero, LLC, which invests specifically in young companies working to decarbonize transportation across the planet’s oceans, rivers, and seas.
Ocean Zero’s operating partner is former Washington Post Magazine editor-in-chief Stephen Petranek, who is supported by managing partner Chris Anderson, curator of the TED conferences and the TED Countdown Initiative. Petranek spoke to the fund’s investment in ZEN’s electric yacht technology:
Ocean Zero seeks visionaries who have a realistic shot at making a significant leap in scale and impact to change the overall emissions of CO2 and other pollutants incurred by sea shipping, ferries and recreational boats. Decarbonizing sea transport and recreational boating no longer requires a leap in imaginative engineering and science. It’s possible right now. And time is running out. Boats produce more atmospheric CO2 each year than all the airlines in the world. This is a massive problem that has solutions that can be adopted immediately. We need innovative companies like Zen Yachts to lead us into the new world of boat electrification.
During the announcement, ZEN Yachts shared that it has garnered three additional pre-orders, meaning its first four solar electric catamaran reservations are spoken for. In speaking with the team, we learned that the boatbuilder decided to invest in series production molds and has consequently, experienced a carbon hull production delay.
The new molds are currently being produced, but deliveries of hulls 1 and 2 are now expected to arrive in Q1 and Q2 of 2024 respectively, due to production pivot. Looking ahead, ZEN Yachts intends to officially debut during the International Multihull Show at La Grande Motte in France in mid-April.
After that, ZEN has announced its inaugural Community Days planned for June 8-9 at his headquarters in Barcelona.
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NextEra Energy is partnering with Exxon Mobil, the country’s largest oil company, to build a large data center site powered by natural gas for a potential tech customer, CEO John Ketchum told investors Monday
The 1.2 gigawatt power plant would combine gas generation with Exxon’s carbon capture technology to reduce emissions, according to NextEra’s presentation to investors.
They plan to market the site to a hyperscaler in the first quarter of 2026. Hyperscalers are the big tech companies that are building data centers to train and run artificial intelligence applications. There is no signed agreement with a hyperscaler yet.
NextEra and Exxon have secured 2,500 acres of land for the facility. The site will be located in the Southeast in close proximity to Exxon’s carbon-dioxide pipeline infrastructure, according to NextEra.
NextEra is the largest renewable energy developer in the U.S., but it is leaning into natural gas to meet the growing demand from data centers. The power company plans to bring as much as eight gigawatts of gas generation online by 2032, and is developing a pipeline of 20 gigwatts of gas generation.
NextEra plans to build 15 gigawatts of power for data center hubs by 2035, Ketchum said. That includes at least three data center campuses that NextEra is developing with Alphabet‘s Google.
“A lot of those will get started with what I call bridge power — renewables, storage,” the CEO said. “We’re also at that same time planning for the gas to come behind it.”
The tech sector has primarily secured renewables and increasingly nuclear power to supply data centers in an effort to meet its climate targets.
Mercedes calls it the “one-liter” car for a reason. The new Mercedes CLA EV has an impressive EPA range of 374 miles, but in real-world driving, it can go even further.
Mercedes CLA EV beats EPA range in real-world driving
The new CLA EV might just be the most critical Mercedes model yet. It’s the first of the luxury brand’s latest generation of electric vehicles, promising to be much more advanced, efficient, and refined than ever before.
Powered by an 85 kWh battery pack, the 2026 Mercedes-Benz CLA 250+ has an EPA-estimated range of 374 miles.
Although that’s already among the highest for any 2026 model-year EV in the US, the electric CLA can drive even further in the real world.
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The folks at Edmunds just got their hands on one to test it out. In the Edmunds EV Range Test, the 2026 Mercedes CLA EV crushed its EPA figures, driving an impressive 434 miles on a single charge, beating its official ratings by 16%.
The new Mercedes-Benz CLA EV (Source: Mercedes-Benz)
Out of 13 Mercedes models Edmunds has tested, the new CLA EV had the second-longest driving range, trailing only the EQS 450+. However, given that the EQS is a full-size sedan and significantly more expensive than the CLA, it’s expected.
The 2026 Tesla Model 3 Standard went 339 miles, while the 2026 Audi A6 E-tron drove 402 miles during the EV Range Test.
The new electric Mercedes CLA (Source: Mercedes-Benz)
The Edmunds EV Range Test is 60% city and 40% highway driving with an average speed of 40 mph. Each vehicle is set to the most efficient drive setting, while the climate control is set to 72 degrees to reflect the most accurate real-world driving conditions drivers encounter each day.
During the test, the electric CLA used 23.2 kWh per 100 miles of driving, beating the EPA’s estimates by 16.5%.
On the Edmunds EV Charging Test, it had an average charge rate of 193 kW from 10% to 80%, earning a score of 833 miles per hour. That’s the second-best of those tested, behind the Hyundai IONIQ 6.
2026 Mercedes-Benz CLA trim
Starting Price*
Driving Range
CLA 250+
$47,250
374 miles
CLA 350 4MATIC
$49,800
312 miles
2026 Mercedes-Benz CLA EV prices and driving range by trim (*does not include $1,250 destination fee)
The new Mercedes CLA EV is now the least expensive car they’ve tested, with over 400 miles of range. Last week, Mercedes launched the 2026 CLA 250+ EV, starting at $47,250.
Mercedes said it will begin delivering the first customer models this month, with output ramping up throughout early 2026.
Tesla is pulling every demand lever available as we head into the final weeks of the year. The automaker has launched a new set of aggressive incentives in the US, including free upgrades on inventory vehicles, 0% APR financing, and $0 down leases.
It’s the end of the quarter (and year), and as per usual, Tesla is trying to empty its inventory, but it’s more difficult this year due to the end of the tax credit in Q3 pulling a lot of demand away from Q4.
We have regularly reported on Tesla ramping up incentives at the end of the year, but this new batch is arguably the most aggressive we have seen in a long time.
First off, Tesla is offering one free upgrade on eligible inventory vehicles.
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If you go to Tesla’s inventory page for Model 3 or Model Y, you will see a lot of vehicles listed with a “Free Upgrade” tag. This basically means that if you pick a car that has a paid option, like a premium paint color (Ultra Red or Quicksilver), 20″ Induction wheels, or the White interior, Tesla is waiving the cost of that option.
That’s a value of anywhere from $1,000 to $2,500 depending on the option.
On top of that, Tesla has expanded its financing offers. The company is now offering 0% APR financing for up to 72 months on Model 3 and Model Y purchases.
This is a significant move. We have seen low interest rates before, but 0% for 72 months is basically free money, especially in the current interest rate environment.
But wait, there’s more.
For those looking to lease, Tesla has introduced $0 down leases for the Model Y.
Previously, Tesla required a down payment of at least $3,000 for its best lease rates. Now, you can drive off the lot with a Model Y for $0 down, though the monthly payments will obviously be higher than with a down payment.
Tesla writes on its website regarding the new push:
“Take delivery by December 31, 2025 to take advantage of these limited-time offers. Available on select inventory vehicles while supplies last.”
The automaker is clearly trying to deliver as many cars as possible before the ball drops on 2025.
Electrek’s Take
The end-of-year push is in full swing.
When you see Tesla stacking incentives like this, 0% financing, zero down, and free options, it tells you one thing: they have inventory to move.
With a lot of demand in the US pulled forward into Q3 due to the end of the tax credit for electric vehicles, it was always clear that Tesla would have trouble moving cars in Q4.
These are roughly the best end-of-quarter incentives we have ever seen, and even then, I’d be surprised if Tesla can come close to its record deliveries of last year’s Q4: 495,000 vehicles.
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