Rivian is holding on tight to its goal of delivering 25,000 electric vehicles by year’s end, but to get there it now anticipates to burn an extra $700 million. The automaker tucked the revised guidance within its second-quarter earnings report, telling investors that it expects to lose a whopping $5.45 billion in 2022, up from… Continue reading Rivian delivers on Q2 revenue, expects loss to widen another $700M
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EVgo signs supply deal with Delta Electronics for 1,000 fast chargers coming to the new GM network
US public charging network EVgo has announced a new supply agreement with global energy solutions provider Delta Solutions for 1,000 fast charger piles capable of charge outputs up to 350 kW. This news is particularly relevant because some of those 1,000 piles will be deployed by EVgo on the nationwide network recently announced by GM… Continue reading EVgo signs supply deal with Delta Electronics for 1,000 fast chargers coming to the new GM network
Tesla is reportedly going to build Model Y with BYD blade batteries at Gigafactory Berlin
After months of rumors that Tesla is going to use BYD’s blade batteries at Gigafactory Shanghai, there’s a surprising turn of events that suggest Tesla is actually going to use the new battery cells at Gigafactory Berlin, and it reportedly already took delivery of the first cells. In 2020, BYD, a China-based electric vehicle and… Continue reading Tesla is reportedly going to build Model Y with BYD blade batteries at Gigafactory Berlin
Tesla starts converting its energy fleet to Model Y electric SUVs
Tesla has started converting its Tesla Energy fleet to Model Y electric SUVs and Model 3 sedans, getting rid of their gas-powered vehicles. When Tesla Energy shows up at a customer’s home, it does with vans and cars powered by gasoline, which isn’t the best look for the world’s leader in electrification – but Tesla… Continue reading Tesla starts converting its energy fleet to Model Y electric SUVs
Rivian reports more losses in the second quarter of 2022
Rivian, the buzzy electric vehicle company backed by Ford and Amazon, reported a net loss of $1.71 billion in the second quarter of 2022 based on $364 million in revenue. It’s a sign that Rivian’s business is picking up speed, albeit slowly compared to the previous quarter in which Rivian reported a net loss of… Continue reading Rivian reports more losses in the second quarter of 2022
Supercomputer Spits Out Amazing Image of Exploded Star
Dead star remnants never looked this good. Dead Star When a star dies in a spectacularly powerful supernova, it blasts its incredibly hot remains into the cosmos, forming what’s called supernova remnants (SNRs) in the aftermath. Looking to visualize one of these stellar oddities, a team of researchers at Australia’s national science agency CSIRO collected… Continue reading Supercomputer Spits Out Amazing Image of Exploded Star
Good Buys: Black+Decker’s Reviva, a Sustainable Approach to Power Tools
With our planet in crisis mode, more and more companies are jumping on board to help achieve the United Nations Sustainable Development Goals. Among these companies aiming to make a difference in manufacturing are Black+Decker and Eastman, a power tools company and a specialty plastics manufacturer, respectively. This duo has partnered together to create a… Continue reading Good Buys: Black+Decker’s Reviva, a Sustainable Approach to Power Tools
Heat pumps: what they do and why they’re hot now
The humble heat pump has finally found its moment in the spotlight. The appliance can potentially save you money on your energy bills, fight climate change, and reduce Europe’s dependency on Russian gas, proponents say. One day, heat pumps might even replace air conditioning and heating systems across the world. Sure, that sounds super ambitious,… Continue reading Heat pumps: what they do and why they’re hot now
The US Offers a $10M Bounty for Intel on Conti Ransomware Gang
Many members of Conti are believed to be based in Russia or surrounding regions. For years, the Kremlin has largely turned a blind eye to cybercriminals based in the country, making it a homebase for several ransomware groups. The leaked Conti Files revealed some high-level members of the gang appear to have connections to the… Continue reading The US Offers a $10M Bounty for Intel on Conti Ransomware Gang
FTC kicks off efforts to regulate data security and surveillance tech
The Federal Trade Commission is officially starting its efforts to broadly regulate data security. The agency has published an early notice of proposed rulemaking that asks the public to comment on commercial surveillance and data gathering practices, such as camera monitoring or protections for sensitive info. Officials not only want to understand the harms and… Continue reading FTC kicks off efforts to regulate data security and surveillance tech