Shop Rad Power’s early Black Friday sale before it ends
Time is running out to save on Rad Power’s early Black Friday sale. The savings are now live across a collection of popular electric bikes, with $200 in savings or more being applied to some models that rarely ever see individual discounts. Rad Power Bikes are some of our favorite at Electrek, and now you can score them for even better prices while beating the holiday rush. Everything in today’s sale comes backed by the company’s Low Price Promise, too, that ensures you’re getting the best discount through the end of the year.
Here are our favorites:
Save on this Greenworks electric snow blower before sudden snowfalls
Best Buy is now offering the Greenworks 80V 22-inch Electric Snow Blower for $599.99 shipped. This is down from the usual $800 price tag and marking a new all-time low. It’s one of the first offers so far and is $100 under the previous discount. This electric snow blower will have you ditching gas and oil from your winter setup all while being prepared to clear the driveway when sudden snowstorms hit. There’s a 22-inch deck for making quick work of everything from the whole driveway to patios, sideways, and other pathways around the home – all with a battery-powered design.
EGO Power+ 765 CFM 56V cordless electric leaf blower drops to $294
Amazon is offering the EGO Power+ 765 CFM 56V Cordless Electric Leaf Blower for $294. Down from its regular price tag of $329, we have only tracked four previous discounts over the year so far, with today’s deal coming in as the first in several months and landing as the third-lowest price we have seen. Built around a 5.0Ah ARC lithium-ion battery and brushless motor, this leaf blower’s variable speed control allows it to reach up to 765 CFM, or up to 200 MPH, promising to be “the world’s most powerful handheld blower.” It features a redesigned cruise control dial for more consistent blowing, with a turbo mode available for heavier debris. You’ll get up to 90 minutes of runtime on a single charge, all without the noise, fumes, or costs of gas-powered blowers. Head below to read more.
The savings this week are also continuing to a collection of other markdowns. To the same tune as the offers above, these all help you take a more energy-conscious approach to your routine.
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The Australian government has announced that it plans to allow EVs in the country to use V2G/bidirectional charging as early as Christmas of this year, right at the start of an Australian summer that promises to be one of the hottest ever.
Australia has been struggling with grid issues for years as climate change continues to get worse, causing hot summers with rampant wildfires and commensurate power outages.
In hot climates and hot seasons, electric grids get stressed both simply from the heat itself and due to higher usage of air conditioning. This can lead to power outages in peak hours, particularly as the sun starts to set (and solar generation goes down) but homes remain hot.
Climate change has only made this problem worse, as hotter days become hotter and more common, especially in hot climates like Australia’s.
Access to rapidly dispatchable grid-tied energy storage can help to mitigate issues like this. The state of South Australia – a world leader in renewables – was an early leader in installing large grid-tied batteries when it built the Hornsdale Power Reserve in 2017 to ensure that renewable power remains stored to be used at dusk on these hot days.
While big, grid-tied batteries are a great answer for immediate power backup, distributed grid storage can also do the job.
We’ve seen this happen in a few places already with the deployment of “virtual power plants” – collections of home batteries connected to the grid and the internet, and able to discharge electricity into the grid at times of high demand.
But there’s another distributed source of grid-tied batteries that could be tapped: electric vehicles, which are increasingly popular in Australia. And Australia’s government just announced it wants them to start powering the grid as soon as next month.
Australian government announces federal V2G standards to come next month
This weekend at the EV AutoShow in Sydney, Chris Bowen, Australian Minister for Climate Change and Energy, announced that the government is ready to roll out new standards for Vehicle to Grid and Vehicle to Home connections for EVs by Christmas – just a month and a half away from now and at the start of what promises to be another brutally hot Australian summer.
This would allow EV owners to use their vehicles as home/grid batteries when plugged in at home, and connected to a suitable V2G-enabled charger.
EV batteries are generally much bigger than home batteries, so can presumably offer even bigger benefits to homes and to the grid. However, home batteries are connected constantly, where cars have this pesky habit of driving around sometimes. Nevertheless, in the aggregate, there are plenty of megawatt-hours of EVs connected to the grid at any given time that could be tapped for electricity when needed.
Or at least – some EVs can. Not every EV is bidirectional-capable, and in fact, most EVs at this moment aren’t. While we’re seeing more of them come out with this capability, as of now there are only a few available in Australia that currently have this capability – the venerable Nissan Leaf EV and the Mitsubishi Outlander and Eclipse Cross PHEVs.
But more are coming soon, and thanks to recent moves like Australia’s, or a California law that might require bidirectional capability on future EVs, manufacturers may start taking the promise of a V2G future more seriously now that governments are getting involved.
Electrek’s Take
For us EV nerds, V2G has been a dream for a long time. The idea of instantly fixing any number of grid issues by just flipping a switch and turning on a bunch of internet-capable grid-tied distributed power storage devices is extremely exciting. (true story: Electrek once turned down Margot Robbie for an interview and instead talked to some engineers about V2G for an hour. Yes, really).
Not only that, but we could skip the NIMBYs who get in the way of new grid projects, reward people who are forward-thinking enough to have an EV, make the grid cleaner, all without even needing to do a whole bunch of additional public investment? It’s… utopian.
But, in all likelihood, it will probably still remain a dream for a while. There’s always something that gets in the way.
In this case, it’s the need of homeowners to privately invest in V2G-capable chargers, which generally cost thousands upfront, and can cost even more to get wired into the house and connected to the grid (though this can be recouped with lower electricity bills from selling electricity back to the grid). Hopefully the Australian government’s standards will have some methods to ensure that grid interconnects can be installed quickly and with little cost (this is a problem that comes up a lot in California). And utilities and the government will properly incentivize/publicize how well these programs can work.
And of course there’s the current lack of products that support V2G, which as mentioned above should expand over time.
That said, South Australia has done so well with renewables and battery storage that we feel like they could probably be a leader in this space as well (they’ve already done a V2G pilot after all). And especially now, with the federal government and not just the state government backing V2G, Australia has an opportunity to show the world how well a system like this can work.
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Bitcoin reached a fresh all-time high near $81,000 and futures premiums soared, in a clear sign that investors believe the record-run in the world’s largest cryptocurrency is poised for even more gains on the back of U.S. elections that saw a swell of pro-crypto candidates win office.
Open interest in bitcoin’s price surpassing $90,000 rose to more than $2.8 billion on the popular Deribit derivatives exchange, one of a few crypto native platforms that offers futures trading. Deribit encompasses most of the offshore options market.
“The options market’s bias is heavily toward continued momentum. Call options trade at a premium to puts, and open interest in out-of-the-money calls has grown,” Vetle Lunde, head of research at K33 Research, told CNBC.
A call option gives the buyer the right to buy shares of an underlying asset at a certain price for a specified period of time. Buying a call option is a bet the asset price will move higher. Buying a put option is a bet the asset price will fall.
The CME derivates exchange offers bitcoin futures contracts and is a popular way for institutions in the U.S. to make bets on the future price of bitcoin. Velde told CNBC that on Friday CME premiums for ether and bitcoin averaged 14.5% and 14%, respectively. Ahead of the election, Velde says these premiums sat at 7%, and had spent a majority of the past half year hovering slightly below 10%.
“The recent surge is a meaningful deviation higher emphasizing the bullish flows of late,” he added, noting that yields more or less stabilized well into the double digits after the election became clear.
“Alongside the growth in leverage, we saw the first meaningful example of growing yields in offshore derivatives, indicative of the move being led by determined risk-takers positioning for further upside,” said Velde.
The early innings of bitcoin’s push higher coincided with substantial growth in open interest in perpetual swaps, or contracts that allow buyers to speculate on where they think prices are headed without a set expiration date.
But liquidity in crypto markets on weekends is typically poorer than during weekdays, as neither CME futures nor ETFs are open to trade, so moves thus tend to overreact and substantially retrace once these markets open again, according to Velde.
President-elect Donald Trump promised on the campaign trail to turn the United States into the “crypto capital of the planet.” His multiple pledges to the crypto community included launching a national crypto stockpile with the more than $16 billion in bitcoin the U.S. government has amassed through asset seizures, as well as slashing interest rates. The easing of monetary policy typically dovetails with a surge in crypto prices since it makes it cheaper to borrow money.
The Federal Reserve, which guides the country’s monetary policy, sets the benchmark rate. It also, by design, operates independently from the White House. On Thursday, the Fed approved its second consecutive interest rate cut.
On the back of election results and the Fed’s unanimous vote to again slash the benchmark rate, the crypto market broadly surged into the weekend. Ether eclipsed bitcoin’s rise, up 30% in the last seven days, and solana’s market cap topped $100 billion on Sunday.
The total market cap of all spot bitcoin ETFs is now above $80 billion, and in the last three trading days alone, the spot funds collectively added $2.3 billion.
Within fintech, companies tied to crypto were some of the top performers, after candidates funded by the crypto industry won races up and down the ballot.
Coinbase shares jumped 48% for the week, their strongest performance since January 2023. Coinbase was one of the top corporate donors in the election cycle, giving more than $75 million to Fairshake and its affiliate PACs, including a fresh pledge of $25 million to support the pro-crypto super PAC in the 2026 midterms.
Trump has vowed to oust SEC Chair Gary Gensler, which potentially bodes well for companies like Coinbase fighting the regulator in court over alleged securities offenses.
“Tuesday night was certainly a big night for crypto and the crypto voter,” Coinbase’s chief legal officer Paul Grewal said in an interview. “We’re going to have the most pro-crypto Congress ever, and Coinbase has played some part in all of that.”
Robinhood, which allows users to buy and sell a number of digital currencies, rose 27% for the week. The online brokerage received a Wells Notice from the SEC in May, a move that often precedes formal charges.
Robinhood’s general manager for its crypto unit told CNBC that the goal at Robinhood is to be able to work within the administration.
“If you think about crypto, it’s a very fast-moving pace. It’s complicated, it was made by engineers, for engineers,” said Johann Kerbrat, the Vice President and General Manager of Robinhood Crypto. “We want to help policymakers to understand it and help them drive the right protections for the customers.”
In a bid to clean up its streets in more ways than one, the city of Madison, Wisconsin has added two Class 8 electric trucks to its garbage fleet earlier this year in the form of a pair of Mack Electric LR HDEVs … and the city already has plans to add two more.
“One of the reasons we’re going all-in on electrification is because it’s better for the environment,” explains Madison Mayor Satya Rhodes-Conway. “These refuse trucks hit every single block in the city of Madison. That is a lot of diesel fumes in our neighborhoods. If we can take even one diesel truck off of the streets … it is a win for our community.”
The big Class 8 Mack Trucks are powered by a pair of electric motors putting 400 combined kW (about 536 hp) through a 2-speed Mack Powershift transmission that offers a barely believable 4,051 lb-ft of peak torque output. That’s over 40% more power than the first generation LR Electric released in 2019 – and this iteration can charge the 376 kWh batteries fully in under two hours at 150 kW.
“Five years ago, Madison had no electric vehicles in its fleet,” continued Mayor Rhodes-Conway. “Today, we have more than 100 full electric vehicles, 150 hybrids, and, thanks to the Biden-Harris administration, 62 new electric buses that will serve our bus rapid transit system. Electrifying heavy-duty vehicles is on the forefront of zero-emissions technology. Madison will help demonstrate the performance of these new electric garbage trucks in real-world conditions and help quantify the long-term savings associated with eliminating fossil fuel costs and reducing maintenance expenses.”