NewsRoom Articles - Page 124 of 126

MondayAug 03, 2020 3:00 pm

Can Your Electric Vehicle Power Your Home During an Emergency?

Late last year, Pacific Gas and Electric shut off power to portions of 34 of California's 58 counties, affecting almost 800,000 homes and businesses. These preventative power shut-offs were in response to threats caused by climate change, fierce winds, and dry conditions that increased the risk of deadly wildfires, and they highlighted just how vulnerable the electricity grid and those who depended on it for power were. Plenty of homes and businesses have reduced their risk by using solar and stationary battery storage systems in concert with grid electricity, but EV batteries provide an even more exciting solution to power…

MondayAug 03, 2020 12:40 pm

Net Element (NASDAQ: NETE), Mullen Tech Moving Forward on EV Manufacturing Facility Project

Mullen extends LOI with S3R3 Solutions to assemble electric vehicles, manufacture electric vehicle batteries in Washington Plan calls for 1.3 million square feet of assembly, manufacturing, R&D facilities NETE, Mullen merger will make Mullen a publicly traded company, provide access to capital Mullen Technologies recently announced that it has extended its letter of intent for the acquisition of a 1.3-million-square-foot electric vehicle manufacturing facility. The progression of this acquisition bodes well for Net Element (NASDAQ: NETE), a company which operates a payments-as-a-service transactional and value-added services platform. NETE recently entered an agreement (subject to definitive agreement, fairness opinion, shareholder and…

MondayAug 03, 2020 10:00 am

3 Signs Favoring the Increased Uptake of Electric Buses

For several governments, phasing out internal combustion engines in favor of electric cars is inevitable as they seek to reduce their carbon footprint. At the end of 2018, there were about 1 million electric vehicles on American roads, and they are projected to reach 18.7 million at the end of 2030. While privately owned EVs have reigned supreme on the road, the electric bus sector has been slowly but surely increasing its market share. In October last year, U.S. electric bus manufacturer Proterra snagged its 100th customer, a testament to just how much the industry had achieved and could achieve…

FridayJul 31, 2020 3:00 pm

Trucks and Buses Powered by Hydrogen Could Soon Be Near You

The internal combustion engine was a marvel when it was first invented and it has undoubtedly taken human civilization to new highs. However, as we become more conscious of how our actions affect the planet, it has become clear that internal combustion engines have to be phased out in favor of something more environmentally friendly. Electric cars have emerged as an eco-friendly solution, and several governments have plans to replace most of the vehicles on the roads with EVs in the next decade or two. Another technology that could have a significant impact on the transportation sector is hydrogen fuel…

FridayJul 31, 2020 10:00 am

German Carmaker Puts Solar Panels on Electric Vehicles

It’s all about sustainable, renewable energy these days. For several countries, reducing their environmental footprint will involve phasing out internal combustion engines for electric vehicles over the next decade or so. Not only are they cheaper to run and maintain, but they also reduce vehicle emissions, thus reducing our impact on the environment. One Munich-based company has taken things even further by combining their EV with solar charging capabilities. Thanks to the solar charging system integrated into the EV’s body, it will benefit from an extended range of as much as 20 miles per day in Germany. Sono Motors, which…

ThursdayJul 30, 2020 3:00 pm

Firms Are Giving Serious Thought to Reusing Old Batteries

When electric vehicle ("EV") batteries are benched for new ones, they usually aren't dead. A standard electric vehicle lithium-ion battery is typically replaced when it loses around 20% of its capacity, meaning there's still plenty of juice left in it to run stationary applications. Consequently, several firms have been playing with the idea of reusing these batteries, especially as we become increasingly aware of the dangers of greenhouse emissions. "There's definitely an uptick in the number of companies that are now trying this and getting serious about it, and I think it's becoming increasingly clear what the main obstacles are…

ThursdayJul 30, 2020 11:29 am

Net Element Inc. (NASDAQ: NETE) Proposed Merger with Mullen Technologies Expected to Accelerate Development of Electric Vehicle Manufacturing Facility

Electric vehicles expected to account for over half of global passenger car sales by 2040 Growth in electric vehicles expected to drive oil demand down by 13.7 million barrels per day Proposed manufacturing facility comprises 1.3 million square feet, creation of 55 jobs at startup with up to 863 jobs created by 2026 Net Element (NASDAQ: NETE), a global technology group that operates electronic payment services, is currently in the planning stages to open a new electric vehicle (“EV”) manufacturing facility in conjunction with privately-owned Mullen Technologies (“Mullen”) via a proposed merger. With demand for electric vehicles growing globally, oil…

ThursdayJul 30, 2020 11:00 am

Artificial Intelligence Could Help Cut Battery Recharge Time

Electric cars are all the rage these days and several governments have plans to slowly phase out internal combustion engines in favor of them over the next decade. However, before electric cars fill our roads, the battery sector will have to find ways to drastically improve the current recharging rates. A wide ranging team of researchers have taken advantage of another technology that has captured the public eye, artificial intelligence ("AI") for clues on how to improve recharging rates. The team of researchers from the Massachusetts Institute of Technology, the Stanford University and the Toyota Research Institute wanted to see…

WednesdayJul 29, 2020 3:00 pm

US Utility Firms Turning to Private EV Chargers and Solar Batteries to Address Peak Power Demand

Distributed energy resources (“DER”), such as EV chargers, rooftop solar systems and smart inverters are proving to be valuable not just to the customers who install those resources but to the utility companies which are traditionally responsible for setting up and running energy distribution networks. BYOD, or bring-your-own device programs, are one way through which a convergence between distributed energy resources and utility grids is happening. Utility companies love this model because it gives them a way to avoid more costly options, such as setting up new utility lines to serve the increased demand for energy. Similarly, customers love the…

WednesdayJul 29, 2020 10:00 am

Could Self-Driving Cars Worsen Traffic Jams?

Motor vehicle technology has come a long way from our first tentative experiments with the wheel. Over the years, there has been rising interest in self-driving cars, especially as Tesla's self-driving technology becomes more popular. As the technology has evolved, there have been talks of how self-driving cars will reduce traffic deaths, drop harmful emissions by more than 50% and eliminate stop-and-go waves by 100%. And Tesla isn't the only major corporation in the autonomous vehicle game. Players like Uber and BMW are also looking into developing self-driving cars and services. However, while self-driving cars have the potential to revolutionize…

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