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Caterpillar launches gensets with hydrogen blending capabilities

Caterpillar will offer generator sets capable of operating on 100% hydrogen on a designed-to-order basis in the fourth quarter of 2021.
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This article was originally published by Power Engineering International

Global manufacturer, Caterpillar, will begin offering generator sets capable of operating on 100% hydrogen on a designed-to-order basis in the fourth quarter of 2021.

Additionally, later this year Caterpillar will launch power generation solutions from 400kW to 4.5MW that can be configured to operate on natural gas blended with up to 25% hydrogen.

These market-focused innovations leverage power generation projects currently operating on natural gas blended with up to 80% hydrogen and will help address customers’ carbon-reduction goals.

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“The power solutions landscape is transforming as customers look to maximize the environmental and economic benefits of reducing their carbon intensities,” said Bart Myers, general manager for Caterpillar Large Electric Power.

“We’re extending our leadership through numerous initiatives that demonstrate the viability of power solutions that can utilize many types of hydrogen, including fully renewable, in order to shorten the path to commercial availability.”

Caterpillar will begin offering the Cat G3516H gas generator configured to use 100% hydrogen for fuel. Initially available as demonstrator units in North America and Europe, the Cat G3516H generator set will be offered with a rating of 1250 kW for 50 or 60 Hz continuous, prime, and load management applications.

Later this year, Caterpillar will begin a staged roll-out of commercially available Cat CG132B, CG170B, G3500H, G3500 with Fast Response, and CG260 gas generator sets configured to enable operation on natural gas blended with up to 25% hydrogen for continuous, prime, and load management applications in North America and Europe.

The company will also offer retrofit kits that provide hydrogen blending capabilities up to 25% hydrogen for select generator sets built on these engine platforms.

Production of new natural gas generator sets and retrofit kits capable of 25% hydrogen will begin in the fourth quarter of 2022.

The development and launch of these solutions address potential customer demand growth as the hydrogen supply infrastructure matures, and customers strive to meet their climate-related objectives.

The post Caterpillar launches gensets with hydrogen blending capabilities appeared first on Power Engineering International.

Energy & Critical Metals

Ford Doubles Production Capacity For Its F-150 Lightning As Reservations Blow Past 150,000

Ford Doubles Production Capacity For Its F-150 Lightning As Reservations Blow Past 150,000

While General Motors is in the midst of EV hell,…

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Ford Doubles Production Capacity For Its F-150 Lightning As Reservations Blow Past 150,000

While General Motors is in the midst of EV hell, dealing with a massive recall for its Chevy Bolt and shuttering production as a result of the ongoing semi shortage, Ford looks to be "full speed ahead" with plans for its electric F-150 Lightning.

The company's CEO, Jim Farley, said on Thursday that it had reached 150,000 reservations for the forthcoming electric pickup. As a result, the company has ramped up hiring and increasing capacity as it starts building prototypes.

Joe White, global automotive industry editor for ThomsonReuters in Detroit, confirmed on Thursday that Ford would be expanding its F-150 Lightning capacity to 80,000 vehicles.

Ford plans on adding 450 jobs across 3 factories and also announced it would invest $250 million to bump up its production capacity, which was formerly 40,000 vehicles. 

Ford Chair Bill Ford said on Thursday: “We knew the F-150 Lightning was special, but the interest from the public has surpassed our highest expectations and changed the conversation around electric vehicles. So we are doubling down, adding jobs and investment to increase production."

“The reservation number has been growing quite rapidly since we launched it. That’s why we’re increasing capacity and building them as fast as we can,” Farley added.

And make no doubt about it, while other manufacturers falter, Ford's factory appears to be up and humming.

Ford is planning on building about 15,000 of the model next year after its launch, and about 55,000 of the model in 2023, in a ramp up to its 2024 target. 

Ford had already upped its production targets by 50% last November. This increase comes on top of that one.

Tyler Durden Sun, 09/19/2021 - 22:30
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Economics

How Evergrande the parent hurt Evergrande New Energy

One thing that has recently caught my eye has been the unravelling of China Evergrande Group – a conglomerate with over 100,000 employees spanning primarily…

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One thing that has recently caught my eye has been the unravelling of China Evergrande Group – a conglomerate with over 100,000 employees spanning primarily real estate development but also new energy, property services and health amongst other industries.

Keen market observers would be aware of the Chinese government’s recent crackdown on various industries. Most headlines have been focused around the tech giants and the for-profit education sector, but has also involved online gaming companies (gaming restrictions), the steel industry (push for decarbonisation) and most recently Macau casinos. It has also maintained its tightening bias toward the property sector, which has further dampened the prospects for rebar steel, and by extension iron ore.

Property cycles are nothing new in China, with development and prices waxing and waning based on policy and availability of credit and partially responsible for cyclical price movements in iron ore. The most recent slowdown however seems to have hit the highly indebted Evergrande extremely hard, as unravelling confidence in its ability to repay its lenders (split between onshore and offshore) has sparked a sell-off in both its bonds (now trading at 30 cents on the dollar) while the company’s equity value, which peaked at a market capitalisation of over US$50 billionn and was as high as US$47 billion in June last year is now just US$4.4 billion.

One of the more interesting subplots has been the fate of its New Energy Vehicle group, a listed subsidiary in which the China Evergrande parent owns 65 per cent. Early in the Evergrande Saga, the Group proposed selling a stake in its new energy vehicles (NEV) subsidiary as one way to reduce its debt load. In January 2021, the group sold a ~11 per cent stake in the subsidiary to six investors, valuing the business at ~US$34 billion. Amazingly, this transaction – along with the hype surrounding the potential EV market in China and the company showcasing 6 new cars – triggered a furious rally which saw the share price rise 140 per cent in under 3 weeks, while its market cap peaked at US$85 billion despite not selling a single car (shades of Nikola in the US, albeit the NEV subsidiary also holds Evergrande’s legacy assets in the healthcare space and was formerly known as Evergrande Health Industry Group).

China Evergrande New Energy Market capitalisation

Screen Shot 2021-09-17 at 2.48.49 pm

Source: Bloomberg

As concerns around its parent deepened, “investors” became concerned around the potential fate of its subsidiary with the Parent’s 6.35 billion NEV shares seen as a potential source of liquidity. This has seen a stunning collapse in Evergrande NEV’s market cap by ~US$80 billion since mid-April and has also caused liquidity issues in the NEV arm which just reported losses of more than US$742 million.

A good reminder to pay heed of any potential contagion and ripple effects, albeit most are hidden and only discovered after the fact (as well as the obvious lessons on the highs and lows of “investing” in pockets of extreme exuberance).

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Energy & Critical Metals

Why The Solar Industry Is the Inevitable Future of Earth’s Energy

There was a point in time when the solar industry was considered dead money.

Source: Diyana Dimitrova / Shutterstock.com

It was too expensive, too…

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There was a point in time when the solar industry was considered dead money.

Source: Diyana Dimitrova / Shutterstock.com

It was too expensive, too inefficient, and too inconsistent to be a viable alternative energy source for really anything, let alone your home or office.

But those days are long gone.

Today, solar represents the inevitable future of our planet’s energy needs because it’s cheap, efficient, consistent, and most importantly, clean.

Solar energy costs have dropped more than 70% over the past 10 years, and are now cheaper than fossil fuels in most parts of the United States. Indeed, the International Energy Agency said in 2020 that solar is the now the cheapest energy in history. Let that sink in for a moment.

Better yet, the drivers of these cost declines — economies of scale and technological improvements powered by Moore’s Law and Wright’s Law — are durable, and therefore, solar is only going to get even cheaper. Indeed, these forces are so powerful in the solar industry that they have their own law — Swanson’s Law — which states that the price of solar modules decreases by about 20% for every doubling in global solar capacity.

For what it’s worth, the U.S. Department of Energy believes solar costs can and will fall by another 60% into 2030.

So, solar is the cheapest way to power things today.

Meanwhile, solar panels have become very efficient at converting light from the sun into usable energy. Back in 1992, researchers at the University of South Florida fabricated a thin-film solar cell with 15.9% efficiency — and that was considered a breakthrough at the time.

These days, though, your average silicon solar cells sport efficiency rates north of 20%. That’s standard. And manufacturers have created prototypes that are getting 30% efficiency, while some research efforts have even managed to achieve near 50% efficiency in certain lab tests.

In other words, the theoretical best solar cells of the 1990s are substantially worse than your run-of-the-mill solar panels today, and there is a pathway here for solar efficiency to more than double over the next few years.

So, solar is also the most efficient way to power things today.

At the same time, these solar systems have become dramatically more consistent. One of the biggest hurdles for solar in the early 2000s was its intermittency — the sun doesn’t shine every day, so what do you do when its cloudy?

Well, that’s why the clean energy industry has developed energy storage solutions, which are basically just big batteries that homeowners and office building managers can install on-site and link to their solar panels to store excess solar power on super sunny days, and deploy that power on cloudy days.

By 2025, more than a quarter of all solar energy systems will be paired with a storage solution.

So, solar is now also the most consistent way to power things.

Cheapest. Most efficient. Most consistent. That’s a powerful combination. No wonder solar has accounted for 58% of all new energy capacity additions so far in 2021. Back in 2010, that number stood at just 4%, so we’ve come a long way in 10 years.

Source: SEIA

But don’t be fooled — we still have a long way to go.

Solar energy only accounts for about 4% of total energy generation capacity in the U.S. today. President Joe Biden wants to increase that number to over 40% by the 2030s — a plan that would include installing 30 gigawatts (GW) of new solar capacity every year into 2025, and 60 GW of capacity every year from 2025 to 2030.

For perspective, the U.S. installed just under 20 GW of new solar capacity in 2020, and that was a record-breaking year.

Is that aggressive plan really achievable?

Absolutely. Solar costs are plummeting. Solar efficiency rates are soaring. And the efficacy of energy storage solutions is growing.

In other words, the three drivers of solar going from 4% of new energy additions in 2010, to 58% of new additions in 2021, are only going to get stronger and more vigorous over the next 10 years — to a point where, by 2030, I wouldn’t be surprised to see solar accounting for 90%+ of all new energy capacity additions.

Needless to say, you need to be invested in solar stocks today.

But there are so many options out there. The Invesco Solar ETF (TAN), for example, has 55 holdings.

Not all 55 of those stocks will be enormous winners in the solar revolution — only a handful of them will turn into 100%-plus winners.

To help you identify that handful of solar stock winners, there’s the Daily 10X Stock Report — my ultra-exclusive investment advisory where I share with you one potential 10X stock pick every single day the market is open.

Of course, as part of the 10X upside potential mandate, I’m only unveiling the best of the best hypergrowth stocks to you — and that includes the best of the best solar stocks.

So, if you’re looking to invest only in the best solar stocks for 10X gains, The Daily 10X Stock Report may be just the product for you.

Click here to learn more.

On the date of publication, Luke Lango did not have (either directly or indirectly) any positions in the securities mentioned in this article.

The post Why The Solar Industry Is the Inevitable Future of Earth’s Energy appeared first on InvestorPlace.

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