Lifeboat Foundation

On Friday, Tesla and SpaceX CEO Elon Musk said that the company was halfway done building the battery bank that will become the world’s biggest battery once it’s complete. Musk made the announcement at a party overlooking the project’s construction, ABC News Australia reported.

Tesla is building the 129-MWh battery with French energy company Neoen. The battery will be draw energy from Neoen’s Hornsdale wind farm that’s 142 miles north of Adelaide. The electricity will be delivered to South Australians during peak grid times to reduce the number of blackouts in the area, which are frequent in summer months.

“The system is a big battery, a battery big enough to power 50,000 houses — the biggest in the world,” Neoen global COO Romain Desrousseaux previously told Business Insider.

Continue reading “Tesla says it’s halfway done building the world’s biggest battery” »

Trains autonomously hauling iron ore across Australia’s arid Pilbara region were meant to transform the mining industry, but the technology proved trickier than expected. Now, Rio Tinto says it has completed a driverless pilot run, operated by people hundreds of miles away.

Senators John Thune and Gary Peters reach a bipartisan deal.

By Minda Zetlin

Continue reading “The Senate Is About to Approve Commercial Sale of Self-Driving Cars (But Not Trucks)” »

Daimler, Mercedes-Benz’s parent company, announced last week a $1 billion investment in electric car and battery production in the US.

As with any new EV investment from a legacy automaker, the media painted it as an “attack on Tesla”, but Elon Musk, Tesla’s CEO and largest shareholder, doesn’t seem too worried about it.

But it’s not coming to the US — yet.

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The company’s just invested $1 billion into electric car and battery production.

Gogoro, which wants to redefine urban transportation to make it more sustainable, announced today that it has raised a whopping $300 million to further its mission. New investors Temasek, Al Gore’s Generation Investment Management, Sumitomo Corporation, and ENGIE joined existing investors Dr. Samuel Yin, founder of the Tang Prize and chairman of Ruentex Group; Panasonic; and others.

Based in Taipei, Taiwan, Gogoro developed a cloud-powered battery-swapping network called the Gogoro Energy Network. The aim, according to cofounder and CEO Horace Luke, is to build an infrastructure model to power electric mobility.

Continue reading “Gogoro raises $300 million for its battery-swapping technology” »

Electric vehicles would get a big boost if California bans internal combustion engines.