It’s a big day for Trek, who is announcing its first electric moped-style utility bike. Unveiled under its Electra sub-brand, the new e-bike is known as the Electra Ponto Go! model.
The Electra Ponto Go! marks new territory for Trek and its Electra brand, as the bicycle manufacturer hops on the utility bike bandwagon. It’s a move we’ve seen taken by other bike shop brands such as Specialized lately, and usually involves using a sub-brand to help distinguish the new model from their main product line (and not alienate their lycra-clad big spenders in the process).
The Electra Ponto Go! carries many of the utility e-bike hallmarks such as a long rear rack, extended bench seat with foot pegs for a second rider, pedal forward geometry for flat footed stops, and high rise handlebars for an upright riding geometry.
Trek says that the bike can support riders in the height range of 4’10” to 6’2″ (147 to 188 cm) and has a payload capacity of 360 lb (163 kg).
The 78 lb (35 kg) Class 3 e-bike can hit speeds of up to 20 mph (32 km/h) on throttle-only control, or even higher speeds of up to 26 mph (42 km) in pedal assist. That’s thanks to a powerful 750W hub motor in the rear, maxing out the legal limit for e-bike power in the US.
The bike also carries a rather large battery at 650Wh, which the company claims offers a maximum range of 60 miles (96 km). Keep in mind that using the throttle and riding at faster speeds will reduce that maximum range.
The bike rolls on 20″x4″ urban tires, which are common in the utility e-bike market.
Standard accessories that come included with the bike are fenders, LED lights with rear turn signals, hydraulic disc brakes, an 8-speed shifter, a handlebar Quad Lock mount for smart phones and a rear grab bar for pillion riders whose fragile sense of masculinity can’t take being seen holding onto the waist of the same-sex rider in front of them.
Priced at $2,699, the Electra Ponto Go! e-bike comes in four colors and one size.
Trek also launched its second generation Supercaliber mountain bike, which falls into an entirely different category of cross-country off-road MTBs. The first generation was launched in the before times way back in 2019 and led to several Olympic and World Championship wins.
The new generation gains longer front and rear travel. It also has a longer reach and slacker head tube angle for stability on descents and comes with two unique frames. There’s a lightweight SL frame and a super lightweight SLR frame. While the two frames appear identical to the naked eye, the super lightweight frame has a lighter carbon layup and lacks internal cable routing guides.
Electrek’s Take
It’s interesting to see more bike shop companies eyeing the massive direct-to-consumer market that favors heavier, more powerful e-bikes with throttle control. Trek may have made its name and its fortune on lightweight and efficient models, but the company isn’t blind. They know where most of the sales are now, and it’s not five figure carbon fiber bikes.
Sure, those models still sell, and so the company will always produce them. But Trek obviously wants to take a bite out of other markets dominated by bikes like the RadRunner, SUPER73 mopeds and the ultra-affordable Lectric XP line.
Doing so with an Electra-branded moped seems like a good idea, though that price is a bit high compared to the competition. The upside is that riders can always head to a Trek store for service and support, which is something that most direct-to-consumer brands can’t compete with.
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The US Department of Energy’s Loan Programs Office (LPO) closed a $1 billion loan to restart Three Mile Island Unit 1, a nuclear reactor at Three Mile Island in Londonderry Township, Pennsylvania.
The money is being loaned to Constellation Energy Generation, which is renaming the 835 megawatt (MW) Three Mile Island Unit 1 the Crane Clean Energy Center. Constellation said in September 2024 that it would restart the reactor under a power purchase agreement with Microsoft, which needs more clean power to feed its growing data-center demand.
The project is estimated to cost around $1.6 billion, and the DOE says the project will create around 600 jobs. The reactor is expected to start generating power again in 2027.
Three Mile Island Unit 1 (in the foreground in the photo above) went offline in 2019 because it could no longer compete with cheaper natural gas, but it wasn’t decommissioned. It’s capable of powering the equivalent of approximately 800,000 homes. It’s on the same site as the Unit 2 reactor (in the background in the photo above) that went into partial nuclear meltdown in 1979, and is known as the worst commercial nuclear accident in US history.
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When asked about the loan’s timing, Greg Beard, senior adviser to the Loan Programs Office, told reporters on a call that it would “lower the cost of capital and make power cheaper for those PJM [Pennsylvania-New Jersey-Maryland] ratepayers.” Data centers are driving up electricity costs for consumers.
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An affordable Bronco EV? Not for those in the US. Ford opened orders for the electric Bronco in China, starting at under $33,000.
Ford Bronco electric pre-orders open at under $33,000
Ford announced the All-Wheel Drive electric SUV is officially open for pre-sale on Tuesday, starting at RMB 229,800 ($32,300).
The electric Bronco is available in pure electric (EV) and extended range electric vehicle (EREV) options. It’s offered in three variants, priced from RMB 229,800 ($32,300) to RMB 272,800 ($38,400).
All models are All Wheel Drive, while the pure electric version costs an extra 10,000 yuan ($1,400). Ford is offering pre-sale buyers some pretty sweet benefits, including a camping experience package (with an added roof tent), a Mountain Kitchen Multi-Function Tailgate gift, an overnight stay package (for your vehicle), and more.
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The electric Ford Bronco is about the same size as the standard 4-door version sold in the US at 5,025 mm long, 1,960 mm wide, and 1,815 mm tall.
The electric Ford Bronco (Source: Ford)
Although it may look the same, the EV version draws power from a 105.4 kWh LFP battery pack from BYD’s FinFreams, providing up to 650 km (404 miles) CLTC driving range.
It’s equipped with two electric motors, one in the front and the other in the rear, producing a combined 445 horsepower (332 kW).
The electric Ford Bronco (Source: Ford)
The EREV version combines a 43.7 kWh battery with a 1.5T engine, delivering a pure-electric range of 220 km (137 miles) and a combined CLTC driving range of 1,220 km (758 miles).
Some of the higher trims feature Ford’s Fuyu ADAS system, developed exclusively for buyers in China with a roof-mounted LiDAR and over 30 sensors and cameras. It even features a cool “off-road logbook” that shows drivers over 20 popular routes across China.
The interior is custom-tailored for Chinese buyers with a 15.6″ central infotainment and a smaller driver display screen. It also offers a massive 70″ AR head-up display (HUD).
Unlike the Ford vehicles we’re accustomed to seeing, the electric Bronco includes a 7.5L refrigerator in the center console.
The AWD electric SUV is coming at a critical time as Ford aims to revamp its business in China. Ford is working with local partners on new technologies, designs, and powertrain ideas for global markets.
Ford’s sales in China are down by over 14% through October this year, but new electrified vehicles, including the Bronco, are expected to help turn things around. Ford’s lineup in China mainly consists of gas-powered vehicles, which have quickly fallen out of favor with buyers shifting to more advanced, more efficient, and often lower-priced domestic EVs.
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The cooling towers of the Three Mile Island nuclear power plant in Middletown, Pennsylvania, Oct. 30, 2024.
Danielle DeVries | CNBC
The Trump administration will provide Constellation Energy with a $1 billion loan to restart the Crane Clean Energy Center nuclear plant in Pennsylvania, Department of Energy officials said Tuesday.
Previously known as Three Mile Island Unit 1, the plant is expected to start generating power again in 2027. Constellation unveiled plans to rename and restart the reactor in Sept. 2024 through a power purchase agreement with Microsoft to support the tech company’s data center demand in the region.
Three Mile Island Unit 1 ceased operations in 2019, one of a dozen reactors that closed in recent years as nuclear struggled to compete against cheap natural gas. It sits on the same site as Three Mile Island Unit 2, the reactor that partially melted down in 1979 in the worst nuclear accident in U.S. history.
The loan would cover the majority to the project’s estimated cost of $1.6 billion. The first advance to Constellation is expected in the first quarter of 2026, said Greg Beard, senior advisor to the Energy Department’s Loan Programs Office, in a call with reporters. The loan comes with a guarantee from Constellation that it will protect taxpayer money, Beard said.
Constellation’s stock was up more than 2% in after hours trading on Tuesday.
The control panel in the main control room of the Three Mile Island Nuclear power plant is seen on Oct. 30, 2024 in Middletown, Pennsylvania, U.S.
Danielle DeVries | CNBC
CEO Joe Dominguez hinted at federal financial support previously, telling investors in Sept. 2024 that Constellation would “take a look as we finance the project at loan guarantees and other things that will be available.” Constellation is the largest operator of nuclear plants in the U.S.
When asked why Constellation was receiving the loan now, Beard said Tuesday that Constellation could have completed the project without help from the Energy Department. But the loan will help make electricity cheaper for consumers on the grid operated by PJM Interconnection, which serves more than 65 million people across 13 states, Beard said.
“What’s important for the administration is to show support for affordable, reliable, secure energy in the U.S.,” Beard told reporters. “This loan to Constellation will lower the cost of capital and make power cheaper for those PJM ratepayers.”
Electricity prices
Energy Secretary Chris Wright said last week that his department’s loan office would use most of its money to support the nuclear industry. President Donald Trump signed four executive orders in May that aim to significantly expand new nuclear capacity.
Consumers in many states in the PJM region are facing significant electricity price increases as the rapid increase in demand from artificial intelligence data centers outstrips available supply.
“We want to bring as much net addition of dispatchable, reliable electricity onto the grid to stop these price rises in electricity,” Wright told reporters on Tuesday.
The turbine deck of the Three Mile Island Nuclear power plant is seen on Oct. 30, 2024 in Middletown, Pennsylvania, U.S.
Danielle DeVries | CNBC
The Crane Clean Energy Center is one of three shuttered nuclear plants in the U.S. that are aiming to start generating power again this decade subject to approval by the Nuclear Regulatory Commission. Crane had the capacity to power more than 800,000 homes when it closed in 2019, according to Constellation.
The Energy Department is supporting the restart of the Palisades nuclear plant in Michigan with a $1.5 billion loan to Holtec International. NextEra Energy announced in October plans to restart the Duane Arnold nuclear plant in Iowa through an agreement Alphabet‘s Google Unit.
When asked whether NextEra will receive a loan for Duane Arnold, Beard told CNBC that Trump’s executive orders direct the Energy Department to “prioritize the restart of nuclear reactors.”