EVS

• Until recently, almost all of them ran on diesel or gasoline, contributing to U.S. demand for fossil fuels and encouraging automakers to continue focusing on fossil-fueled vehicles.
• That’s starting to change, and a new directive that the Biden Administration quietly issued in September 2023 will accelerate the shift.
• Ultimately, it could shift demand enough to change what industries produce, not just for the government but for the entire country.

What’s the social cost of greenhouse gas?

• The social cost of greenhouse gases represents the damage created by emitting 1 metric ton of carbon dioxide, methane and other greenhouse gases into the atmosphere.
• These greenhouse gases, largely from fossil fuels, trap heat in the atmosphere, warming the planet and fueling climate change.
• The result is worsening storms, heat waves, droughts and other disasters that harm humans, infrastructure and economies around the world.

Estimating the cost

• The Obama administration introduced the first federal social cost of carbon to incorporate climate risk in regulatory decisions.
• Recent research suggests that the actual social cost of carbon is closer to $185 per metric ton.
• Without directives like these, decision-makers implicitly set the cost of greenhouse gas emissions to zero in their benefit-cost analyses.

The vehicle fleet as an example

• The federal vehicle fleet is a good example of how the social costs of greenhouse gases add up.
• Let’s compare the costs of driving an electric Ford Focus and an equivalent conventional-fuel Ford Focus.
• Assume each vehicle drives an average of 10,000 miles (about 16,000 kilometers) per year – that’s less than the U.S. average per driver, but it’s a simple number to work with.
• Scale that to 50,000 new vehicle purchases, and that’s a cost difference of about $4 million to $13.5 million per year for emissions from operating the vehicles.

How the government can shift demand

• These types of comparisons under the new directive could help shift purchases toward a wide range of less carbon-intensive products.
• Much of the U.S. government’s spending goes toward carbon-intensive goods and services, such as transportation and infrastructure development.
• Directing agencies to consider and compare the social cost of purchases in each of these sectors will send similar signals to different segments of the market: The demand for less carbon-intensive goods is rising.
• Ultimately, if one of the largest segments of demand, the U.S. government, transitions to less carbon-intensive products, supply will follow.

• Today, Electreon announced it signed a Memorandum of Understanding (MoU) with the Shandong Innovation and Entrepreneurship Community for International Science and Technology Cooperation (SITEC) ; a provincial science and technology innovation arm led by Shandong Hi-Speed Group (SDHS), a Fortune 500 state-owned company.
• Electreon will also integrate its award-winning technology with vehicles from the one of the biggest Chinese bus manufacturers, Zhongtong Bus .
• Under this collaborative initiative, Electreon will also establish a Chinese subsidiary company and employ local talents to bolster its presence in the strategically important Chinese market.
• Beyond being the heart of global EV production, Shandong province is also a strategic market entry point for Electreon.

• Martin ex-solar sale, investment from UAE
  LONDON, Oct. 02, 2023 (GLOBE NEWSWIRE) -- VivoPower International PLC (NASDAQ: VVPR) (“VivoPower,” the “Company”) today announced its results for the fiscal year ended June 30, 2023.
• A reconciliation of IFRS (“International Financial Reporting Standards”) to non-IFRS financial measures has been provided in the financial statement table included in this press release.
• An explanation of these measures is also included below, under the heading “About Non-IFRS Financial Measures.”
  Executive Chairman, Kevin Chin noted “The financial year ended June 30, 2023 was challenging.
• As always, the VivoPower team remains focused on achieving its medium to long term strategic, financial and impact goals.”

• SAN DIEGO, Oct. 02, 2023 (GLOBE NEWSWIRE) -- KULR Technology Group, Inc. (NYSE American: KULR) (the "Company" or "KULR"), a global leader in sustainable energy management, today announced it has received a contract from a top-5 American electric truck manufacturer (“Manufacturer”) to develop newer and safer batteries for its next generation fleet of electric trucks and SUVs.
• By implementing the KULR ONE Design Solutions (“K1-DS”) platform, KULR believes it can expedite the evolution to next generation electric trucks and SUVs anticipating safer EVs for consumers and faster growth for the Manufacturer.
• Though terms of the contract were not disclosed, the Manufacturer has publicly forecasted a substantial ramp-up in production of its electric truck next year with KULR’s safer and superior battery performance to distinguish itself from rivals and unlock its expected growth.
• According to Research and Markets in a report released last year, the U.S. electric truck market is expected to grow at a 54% CAGR and reach $15 billion by 2030.