Latest news with #EnergyMonitor
Yahoo
4 days ago
- Automotive
- Yahoo
Will Rivian's Charging Update Help It Catch Up With Rivals?
Rivian Automotive, Inc. RIVN is rolling out a new over-the-air software update to add manual preconditioning for the high-voltage battery for DC fast charging to R1S and R1T. This update, available for both Gen 1 and Gen 2 models, enables users to precondition the battery pack in preparation for fast charging without relying on the vehicle's built-in navigation system. A banner will now notify drivers when the battery is warming or cooling and when the process is addition to battery preconditioning, the software version 2025.18 includes a redesigned Energy App with two distinct tabs. The Energy Monitor provides detailed insights into energy consumption by different systems, while the Charging Tab features a smart reminder that alerts users when to unplug during long trips. If a destination is set in the car's navigation, the system estimates when the battery has sufficient charge to reach the endpoint, which potentially reduces the need to charge up to 80% each time and saves time on the speeds have also been improved for some versions of the R1S and R1T. The DC fast charge time for the first-generation with the Max Pack battery has been reduced. Similar enhancements have been applied to second-generation models with Max and Standard Packs. Additionally, Gen 2 vehicles with the Large Pack can now reach a peak charging rate of 215 kW, with shorter charging times for 10-80% not revolutionary, as similar features have long been available in Tesla TSLA EVs, the latest updates reflect Rivian's commitment to refining its EV user experience. Rivian carries a Zacks Rank #2 (Buy) at present. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Tesla's Supercharger network has become a critical component of the company's ecosystem. Last year, Tesla added more than 10,000 new Supercharger stalls, expanding into three new countries and growing the global network by 19% year over year to more than 65,000 stalls. In total, the network delivered more than 5.2 terawatt-hours of energy — enough to offset 5.5 billion kilograms of CO2 and replace 2.4 billion liters of Group VWAGY is also rapidly expanding its electric vehicle charging infrastructure. Through subsidiaries like Electrify America and partnerships such as Ionity in Europe, Volkswagen is fast solidifying its presence in the space. Earlier this year, Volkswagen joined forces with XPeng to build super-fast charging networks for zero-emission vehicles in China. Rivian has outperformed the Zacks Automotive-Domestic industry year-to-date. RIVN shares have gained 8% compared against the industry's decline of 14.8%. Image Source: Zacks Investment Research From a valuation perspective, Rivian appears undervalued. Going by its price/sales ratio, the company is trading at a forward sales multiple of 2.58, lower than its industry's 2.75. Image Source: Zacks Investment Research The Zacks Consensus Estimate for 2025 and 2026 EPS has moved up 42 cents and 15 cents, respectively, in the past 30 days. Image Source: Zacks Investment Research Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Tesla, Inc. (TSLA) : Free Stock Analysis Report Volkswagen AG Unsponsored ADR (VWAGY) : Free Stock Analysis Report Rivian Automotive, Inc. (RIVN) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
23-05-2025
- Business
- Yahoo
UK communities to receive funding for hosting clean energy infrastructure
Coastal and rural communities in the UK will receive financial support as part of the government's new Plan for Change to make Great Britain a clean energy superpower. The proposals necessitate community benefits for those residing near renewable energy sites, with a legal mandate for developers to contribute to local community benefit funds. Under the Plan for Change, these funds will enhance local amenities, transportation, and apprenticeship opportunities. Potential projects include new sports facilities, employment initiatives for youth, and improved infrastructure in areas pivotal to hosting clean energy projects. These investments are designed to reduce energy bills and enhance energy security with domestically controlled power. UK Energy Secretary Ed Miliband said: 'If you live near an offshore wind or solar farm, your local community should benefit from supporting this nationally critical mission. 'The Prime Minister's mission to become a clean energy superpower is creating good, well-paid jobs in these areas, building the infrastructure we need to get energy bills down for working people. Our Plan for Change will revitalise Britain's coastal and rural communities, creating community wealth, better facilities and energy security for the country.' The community investment will be directed by local families, with the possibility of shared ownership in renewable energy infrastructure, allowing profits to be reinvested into the community. These measures are an extension of the Planning and Infrastructure Bill, which offers bill discounts to households near new or upgraded electricity transmission infrastructure. The UK Government is seeking feedback on which energy infrastructure types should contribute to the community benefit funds, including renewable and low-carbon electricity generation and energy storage. Additionally, the UK forged a sustainable industrial alliance with Norway earlier this month to strengthen prospects in the clean energy sector and drive economic expansion. "UK communities to receive funding for hosting clean energy infrastructure" was originally created and published by Energy Monitor, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Yahoo
20-05-2025
- Business
- Yahoo
Mexico's 2030 clean electricity goal to cut $1.6bn in annual gas imports
Mexico's shift to 45% clean electricity by 2030 could save $1.6bn in gas imports annually, according to an analysis by global energy think tank Ember. This transition is poised to reduce the nation's reliance on gas imports from the US, making it the largest buyer of US gas worldwide. The country could see a 20% reduction in gas-fired electricity generation, from 204 terawatt-hours (TWh) last year to 163TWh in 2030, despite a projected 15% rise in electricity demand over the same period. Mexico would need to install 36 gigawatts (GW) of solar and 10GW of onshore wind energy capacity by 2030 to meet the clean energy target of 45%. This development is expected to create more than 434,000 direct jobs, with 419,000 in construction and over 15,000 permanent roles in operating the renewable generation plants for over two decades. Last year, only 22% of Mexico's electricity came from renewables, which falls below the global average of 32% and the Latin American average of 62%. In contrast, 54% of its electricity in 2024 was generated using gas imported from the US. Mexican President Claudia Sheinbaum's announcement in October 2024 of the 45% renewable electricity generation target marks a significant policy shift towards clean energy. Ember's report compares two scenarios from Mexico's National Electricity Sector Strategy – one with a 45% and another with a 36% clean power target by 2030. The findings indicate that the 45% scenario would not only deliver ten times the fuel cost savings but also nearly double the job creation compared to the 36% pathway. The report also draws attention to the success stories of Brazil and Uruguay, which have rapidly expanded their solar and wind energy sectors through streamlined planning processes. Ember Latin America energy analyst Wilmar Suarez said: 'Clean energy is a win-win. Achieving ambitious targets for solar and wind energy will allow Mexico to strengthen its energy independence, while creating multiple socio-economic benefits.' "Mexico's 2030 clean electricity goal to cut $1.6bn in annual gas imports" was originally created and published by Energy Monitor, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Yahoo
12-05-2025
- Business
- Yahoo
Germany's clean energy output hits decade low in 2025
Germany has witnessed a decline in electricity generation from clean energy sources, with less than 80 terawatt-hours (TWh) produced in the first four months of 2025, according to Ember, an energy think tank, reported Reuters. This figure represents a 16% decrease from the same period in 2024 and is the lowest since at least 2015. German power companies increased fossil fuel power output by 10% from the previous year to address the shortfall, leading to the highest share of fossil fuels in the domestic power mix since 2018. The reduction in clean energy generation, particularly a 31% drop in wind power production, has raised concerns regarding Germany's commitment to the energy transition. Wind energy in the country's electricity mix, which fell from 34% between January and April 2024 to 24% for the same period this year, produced only 39TWh due to unusually low wind speeds. This is the lowest output for the January-April period since 2017, despite a 30% increase in wind generation capacity over the years. German utilities may face further challenges with wind power expected to decline during the summer months, traditionally a period of lower wind speeds. Conversely, solar farms are anticipated to reach peak production during this time, but will not be able to fully compensate for the wind power deficit due to nighttime inactivity, the report said. Coal-fired plants have become the primary source of on-demand electricity in Germany, generating 40TWh, a 16% increase from the previous year and the highest since 2023. This has resulted in coal-fired emissions rising to nearly 42 million tonnes (mt) of CO₂. High natural gas prices have led to a 9% decrease in gas-fired power generation, although this trend may reverse if gas prices continue to fall, potentially leading to lower emissions if coal generation is simultaneously reduced. The shift towards more fossil fuel usage has placed Germany's energy transition leadership under scrutiny. If German power companies increase both coal and gas-fired generation to meet demand, emissions will continue to rise, potentially jeopardising the country's role as a proponent of a cleaner European electricity system. Europe is expected to surpass its previous solar power output records this year, with the first quarter showing a 32% increase in solar electricity generation compared to the same period in 2024. "Germany's clean energy output hits decade low in 2025" was originally created and published by Energy Monitor, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
26-03-2025
- Business
- Yahoo
Vena Energy invests $200m in South Korea's Yokji Offshore Wind Project
Green energy solutions provider Vena Energy has announced a Won292.89bn ($200m) investment in South Korea's renewable energy sector. This investment is directed towards the Yokji Offshore Wind Project in South Gyeongsang Province and aims to accelerate the country's shift to renewable energy and support its energy independence. The project, with a planned capacity of 384MW, is expected to play a pivotal role in diversifying South Korea's energy mix. By increasing the share of locally generated energy, the project will reduce reliance on imported fossil fuels, contributing to the country's long-term energy security and carbon neutrality goals. Vena Energy said the South Korean Government has welcomed its investment. It added that it aims to build partnerships with local communities, fisheries, and suppliers to ensure the project delivers economic and social benefits. The company added that the Yokji Offshore Wind Project is currently assessing its industrial contributions to the local supply chain while seeking ways to coexist with local fishermen. Vena Energy CEO Nitin Apte said: 'Our investment in South Korea underscores our commitment to supporting the country's energy transition and independence. 'By expanding our renewable energy projects and strengthening local partnerships, we aim to contribute to a more sustainable and resilient energy future.' In addition to the Yokji Offshore Wind Project, Vena Energy has developed another offshore wind project in South Korea. The 500MW Taean Offshore Wind Project, awarded in the 2024 auction, is expected to begin construction by the end of 2026 in partnership with Copenhagen Infrastructure Partners. Upon completion, the project is anticipated to generate enough electricity to power approximately 300,000 homes annually. "Vena Energy invests $200m in South Korea's Yokji Offshore Wind Project" was originally created and published by Energy Monitor, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
