Top Energy/Automotive News; Baker Hughes Rig Count: U.S. -8 to 674 Canada -2 to 167
London, 01 July, 2023, (Oilandgaspress) : Solar power growth is massive around the world, and nowhere a bigger piece of the pie than in Spain, but in terms of pure volume growth, China is absolutely in a league of its own. The country installed 96.6 GW of solar power capacity in 2022. That’s a 42% of the world total (231 GW) Solar PV installations grew by 57% compared to 2021.China had 462 GW of solar PV power installed, 37.5% of the global total of 1,233 GW.44% of China’s new electricity generation capacity added in 2022 was from solar PV power. – CleanTechnica
Electrify America, the largest open DC fast charging network in the U.S., and Lyft, a leading ride-hailing platform, announced they are extending their collaboration to provide drivers on Lyft utilizing electric vehicles (“EVs”) with discounted charging at Electrify America stations coast-to-coast.
Under the premium charging agreement, active and eligible drivers on Lyft will receive a tiered discount on Electrify America Pass pricing for DC Fast charging at all Electrify America stations. The charging agreement is a loyalty benefit for Lyft Rewards drivers—the more they drive, the more they save. A DC Fast Charging discount is offered to all active drivers on Lyft using a capable EV, and is available at stations with energy and time-based pricing as follows:
All drivers: a discount of $0.11/kWh for sites that feature energy-based pricing, or, for sites that feature time-based pricing, $0.03/min for 1-90 kW and $0.07/min for 1-350 kW charging, based on the maximum charge their EV can accept.
Gold and Platinum drivers: a discount of $0.14/kWh for sites that feature energy-based pricing, or, for sites that feature time-based pricing, $0.04/min for 1-90 kW and $0.09/min for 1-350 kW charging, based on the maximum charge their EV can accept. Read More
Stellantis has confirmed an agreement with Jos Scholman construction company for the purchase of sixteen Opel Vivaro-e HYDROGEN vehicles. These zero emissions light commercial vehicles with hydrogen fuel cells are further expanding the company’s sustainable fleet.Jos Scholman construction company was founded over forty years ago and is active in groundworks, road construction, water engineering, and landscaping. The family business now has around 250 employees and is run by founder Jos Scholman Sr. together with his two sons, Robert and Jos Jr. The company has a large and diverse fleet for all its activities, including vans and heavy machinery for earthmoving. Jos Scholman is fully committed to hydrogen to make their fleet more sustainable. They already use around thirty hydrogen vehicles, including cars, hydrogen tractors and hydraulic excavators, and are adding more tractors and excavators this year. Now, they have taken another significant step forward with the purchase of sixteen Opel Vivaro-e HYDROGEN vehicles. Read More
Lancia Pu+Ra HPE is one of the two Lancia cars on display at the “Le Mans Classic 2023”, the world’s largest gathering of classic cars that will continue until Sunday, July 2nd. Lancia concept car is now on show to an international general public in France for the first time, at the “Le Mans Classic 2023” with over 200,000 visitors expected., The stage is one of great occasions: a unique show to meet enthusiasts, collectors and drivers from all over the world and give everyone a look at the Lancia Pu+Ra HPE, the brand’s manifesto for the next 10 years. Read More
Stellantis N.V. and Kuniko Ltd (ASX: KNI, Kuniko) announced the signing of a binding offtake term sheet agreement securing a 35% future production offtake of nickel sulphate and cobalt sulphate from Kuniko’s Norwegian exploration projects for a term of nine years.
In addition, Stellantis agreed to purchase €5.0 million (A$ 8 million) in new equity in Kuniko, giving it a 19.99% shareholding on completion and rights to nominate one director to the Kuniko board.Funds from the equity purchase will be applied to advance Kuniko’s brownfield and greenfield battery metals exploration projects in Norway which include nickel, cobalt and copper.
As part of the Dare Forward 2030 strategic plan, Stellantis announced plans of reaching a 100% passenger car battery electric vehicle (BEV) sales mix in Europe and a 50% passenger car and light-duty truck BEV sales mix in the United States by 2030. Stellantis is on track to become a carbon net zero corporation, all scopes included, by 2038, with single digit percentage compensation of remaining emissions.
Completion of the binding offtake and share subscription agreements are subject to customary closing conditions, including regulatory approvals. Read More
Angela Zepeda, chief marketing officer (CMO) of Hyundai Motor America, was selected to Forbes’ prestigious annual list of the World’s Most Influential CMOs. Zepeda was one of 50 CMOs, and the only mass automobile brand CMO, to be recognized for her talent in shaping business, culture and society. This is the second time that Zepeda has been distinguished as one of Forbes’ World’s Most Influential CMOs. She was first selected in 2021. Forbes’ annual CMO ranking is based on 30 digital and social channels analyzed by primary research partner Sprinklr, along with additional data and analysis from LinkedIn. Read More
Centrica has called on the energy regulator Ofgem to make a number of reforms that could make the energy sector more transparent, simpler and more affordable for customers. In an editorial published this morning, Chris O’Shea, Group Chief Executive of Centrica Group has called for the three principle reforms that could achieve this:Abolishing the standing charge from the price cap. Removing the standing charge and rolling the costs into the unit cost of the price cap will reduce complexity on energy bills, and ensure those who carefully manage their energy see the benefits of their choices.
Examine the benefits of moving from regional to national pricing. Moving to a flat national pricing tariff – which is the same wherever you live in the UK – removes further unnecessary variations from bills. The impact of this change would need to be carefully studied but we believe the regulator should look at this.
Introduction of a progressive social tariff. Implement a progressive social tariff so that those who most need additional support to pay their bills can receive it. Read More
Baker Hughes Rig Count
U.S. Rig Count is down 8 from last week to 674 with oil rigs down 1 to 545, gas rigs down 6 to 124 and miscellaneous rigs down 1 to 5.
Canada Rig Count is down 2 from last week to 167, with oil rigs down 1 to 109, gas rigs down 1 to 58.
| Region | Period | Rig Count | Change |
| U.S.A | 30 June 2023 | 674 | -8 |
| Canada | 30 June 2023 | 167 | -2 |
| International | May 2023 | 965 | +18 |
On 29 June 2023 Elliott International L.P. and Elliott Associates L.P. purchased 92,464 shares and 43,512 shares, respectively, in Subsea 7 S.A. (“Subsea 7”).
Both Elliott International L.P. and Elliott Associates L.P. are funds managed and advised by Elliott Investment Management L.P., a registered investment adviser with the U.S. Securities and Exchange Commission. The general partner of Elliott Investment Management L.P. is Elliott Investment Management GP LLC. Paul E. Singer is the sole managing member of Elliott Investment Management GP L
Following the share purchase, funds managed and advised by Elliott Investment Management L.P. have the following ownership interest in Subsea 7:
• Elliott International L.P. holds (i) 9,238,373 shares in Subsea 7, which represents approx. 3.036% of Subsea 7’s share capital and votes, and (ii) cash settled equity swaps equivalent to 11,531,758 shares in Subsea 7, which represents approx. 3.790% of Subsea 7’s share capital.
• Elliott Associates L.P. holds (i) 4,593,247 shares in Subsea 7, which represents approx. 1.509% of Subsea 7’s share capital and votes, and (ii) cash settled equity swaps equivalent to 5,180,935 shares in Subsea 7, which represents approx. 1.703% of Subsea 7’s share capital.
As a result of this, if voting rights are attributed to the cash settled equity swaps, the total aggregate ownership interest of both Elliott International L.P. and Elliott Associates L.P. is 30,544,313 shares in Subsea 7, which represents approx. 10.038% of Subsea 7’s share capital and votes (and thus exceeding the 10% disclosure threshold).
This disclosure is made pursuant to section 4-2, cf. section 4-3, of the Norwegian Securities Trading Act. Read More Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY) will publish its second quarter results for the period ending 30 June 2023 on Wednesday 26 July 2023 at 08:00 CEST.
Vestas has secured a 55 MW order with RENOVA, Inc. for the Reihoku Amakusa Onshore Wind project in Kumamoto prefecture, Japan. Vestas will supply 13 Vestas V117-4.2 MW wind turbines to the project. The turbines will be installed with a high-tower solution with 112-meter hub heights in order to unlock new wind resources at higher and more consistent wind speeds. The order also includes a 20-year Active Output Management 5000 (AOM 5000) service agreement, designed to ensure optimised performance of the wind farm. “We are delighted to once again partner with RENOVA. This will be our first collaboration in Japan, building upon the success of our previous three projects in Vietnam.” said Purvin Patel, President of Vestas Asia Pacific. “We remain committed to contribute to Japan’s carbon neutrality goal, through our industry-leading wind energy solutions and strong partnership with our customers.” Turbine delivery will begin in the fourth quarter of 2024, with commissioning scheduled for completion in 2026. Read More
Vestas has secured a 100 MW order for several wind parks in Spain. The contract includes the supply and installation of 20 V150-4.2 MW and four V150-4.2 MW wind turbines delivered in 4.0 operating mode, as well as a 25-year Active Output Management 5000 (AOM 5000) service agreement.
“We are glad to see how our 4MW platform and the V150-4.2 MW, one of the most sold turbine variants in the Vestas portfolio, continues to contribute to Spain’s energy transition. The reliability of Vestas technology and our unmatched service expericience in the country provide our customers with long-term business case certainty and help them optimise thier projects’ energy production”, says Agustín Sánchez Tembleque, Vestas General Manager for Spain and Portugal.
Projects names and customer are undisclosed.
Turbine delivery is expected to start in the second quarter of 2024.
The project will benefit from Vestas’ strong manufacturing footprint in Spain. The company currently manufactures V150 blades at its factory in Daimiel (Ciudad Real). Vestas has installed more than 5.1 GW of wind energy in over 130 wind parks in Spain since installing the first turbine in 1991. Read More
Vestas has received a 59 MW order from leading renewable energy asset manager Greenbacker Capital Management to power the Moscow Wind project in Maine, USA. The order consists of 14 V150-4.2 MW turbines.
“We look forward to partnering with Greenbacker and transforming this unique site, which housed a former Air Force radar defense system, into a clean energy hub,” said Laura Beane, President of Vestas North America. “The Moscow Wind project will help bring Maine one step closer to achieving its goal of 100% of the state’s electricity coming from renewable resources by 2050.”
The order includes supply, delivery, and commissioning of the turbines, as well as a multi-year Active Output Management 5000 (AOM 5000) service agreement, designed to ensure optimised performance of the asset. Turbine delivery begins in the second quarter of 2024 with commissioning scheduled for the third quarter of 2024. Read More
Vestas has received a 423 MW order featuring 4 MW platform wind turbines to power an undisclosed wind farm in the USA. The order includes supply, delivery, and commissioning of the turbines, as well as a 20-year Active Output Management 5000 (AOM 5000) service agreement, designed to ensure optimised performance of the asset. Turbine delivery begins in 2024 with commissioning scheduled in 2025. The project and customer are undisclosed. Read More
Tesla announced it would share its EV charging connector design to encourage automakers to adopt the technology and help make it the new standard in North America, few, if any, predicted competitors would bite.
Now, with Ford and General Motors agreeing to integrate Tesla charging tech in their next-gen vehicles by 2025, the EV industry is suddenly on the cusp of a shift that could splinter the market.Most electric vehicles in the U.S., with the exception of Tesla, use the Combined Charging System, an internationally recognized charging standard developed by a consortium of automotive manufacturers, including Ford, Volkswagen and Daimler. Tesla went a different direction and developed a charging ecosystem (dubbed the North American Charging Standard, or NACS) that includes the charging port and connector. Tesla also built out a network of thousands of fast chargers called Superchargers, which are only accessible to vehicles with the NACS standard. CCS has been the go-to standard for automakers. However, the quality of Tesla’s charging system — from the size and weight of the charging cables to the quality of the Supercharging stations to the ease of payment — has helped propel the automaker to become the No. 1 seller of EVs. Read More
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