Connect with us

Cleantech

GM Unveils Factory ZERO

Avatar

Published

on

General Motors says its Detroit-Hamtramck Assembly Center will be known as Factory ZERO, reconfigured to an all-electric vehicle assembly plant. 

The name Factory ZERO reflects the significance of this facility in advancing GM’s zero-crashes, zero-emissions and zero-congestion future. Factory ZERO will be the launchpad for GM’s multi-brand electric vehicle (EV) strategy. The facility has advanced technology and tooling and was designed with a focus on sustainable manufacturing. The GMC HUMMER EV pickup and the Cruise Origin, a purpose-built electric, self-driving, shared vehicle – and other GM EVs will be built at Factory ZERO. Production of the GMC HUMMER EV pickup will begin in late 2021.

“Factory ZERO is the next battleground in the EV race and will be GM’s flagship assembly plant in our journey to an all-electric future,” says Gerald Johnson, executive vice president of global manufacturing at GM. “The electric trucks and SUVs that will be built here will help transform GM and the automotive industry.”

GM’s $2.2 billion investment in Factory ZERO will position the facility to build EVs at scale. It represents the single largest investment in a plant in GM history. Once fully operational, the plant will create more than 2,200 good-paying U.S. manufacturing jobs.

Both the upcoming GMC HUMMER EV and the Cruise Origin will be built on GM’s Ultium battery platform. Ultium is flexible enough to build a wide range of EVs – cars, trucks and more – and is the heart of GM’s future EV lineup.

Factory ZERO is being transformed with sustainability in mind. During the plant’s physical transition, concrete waste was repurposed to create temporary roadways. The site also recycled stormwater to reduce discharge costs and offset the cost of potable water. Treated stormwater will be used in cooling towers and the fire suppression system. Recognized by the Wildlife Habitat Council, the site also features a 16.5-acre wildlife habitat and is home to species such as monarchs, foxes and turkeys.

GM is committed to sourcing 100% of its U.S. facilities with renewable energy by 2030, and all global facilities by 2040. All DTE-supplied GM facilities in southeast Michigan, including Factory ZERO, will be powered by renewable energy by 2023. The factory also features a 30 kW solar carport and 516 kW ground-mount photovoltaic solar array from DTE.

Source: https://ngtnews.com/gm-unveils-factory-zero

Cleantech

Amaris Homes Granted Prestigious Housing Innovation Award for Second…

Avatar

Published

on

energy efficient custom homes

Amaris Homes’ award-winning model home is in Afton, Minnesota, and is a custom spec four-bedroom, 3 ½-bathroom home.

We are extremely proud to be recognized once again for our work to build custom homes with green building practices.

Amaris Homes, a leader in the affordable energy home industry, received Grand Winner recognition in the “Custom Homes on Spec” category from the U.S. Department of Energy’s Housing Innovation Awards. This is the second time they have received this custom home design award in the last four years. In 2017, Amaris Homes tied for first place; this year the company was the only one named Grand Winner.

The company’s award-winning model home is in Afton, Minnesota, and is a custom spec four-bedroom, 3 ½-bathroom home with a high-performance insulation system, energy efficient appliances and a high-efficiency comfort system, among other green features.

Amaris Homes has more certified custom-built green homes than any other builder in the state of Minnesota. While most other states have hundreds or even thousands of certified homes with the Department of Energy’s Zero Energy Ready Homes Program, Minnesota only has 34. The Department of Energy’s Housing Innovation Award winners represent the top 1% of U.S. builders that meet the rigorous specifications for the energy efficient custom homes program.

“We are extremely proud to be recognized once again for our work to build custom homes with green building practices,” said Raymond Pruban, Amaris Homes founder and chief manager. “These awards provide further reassurance of the quality of our green homes, not just in build and appearance, but what they can do for the environment.”

Energy efficient custom homes from Amaris Homes cut costs for homeowners by saving on energy bills while also doing so in a way that contributes to a sustainable future.

“Our goal is to continue to build homes with energy and water efficiency,” Pruban added. “We will continue to grow the number of green homes we produce in 2021.”

This Amaris Homes home incorporates efficient design principles that are calculated to save a homeowner $3,350 annually compared to the average new home.

As a healthy home builder, Amaris Homes has committed that every home it creates will meet the Zero Energy Home Program requirements.

Amaris Homes has won each time they have entered the Housing Innovation Awards. They also recently won the Reggie Award in 2019, which is an award granted for homes with high aesthetic appeal, along with other renowned custom home design awards.

For more information on Amaris Homes, or to speak with a homebuilding expert, visit minnesotagreenhomebuilder.com or contact Raymond Pruban at (651) 242-4850 or raypruban@gmail.com.

Share article on social media or email:

Source: https://www.prweb.com/releases/amaris_homes_granted_prestigious_housing_innovation_award_for_second_time/prweb17495641.htm

Continue Reading

Cleantech

Lumen Freedom Appoints Steve Pazol, Former Qualcomm Halo General…

Avatar

Published

on

News Image

Commenting on the new appointment, General Manager Rod Wilson said, “Steve brings a wealth of experience and valuable knowledge to the team here at Lumen Freedom.”

Lumen Freedom, a world leading manufacturer of wireless electric vehicle charging (WEVC) systems, today announced the appointment of former Qualcomm Halo General Manager, Steve Pazol, as a strategic advisor.

Pazol will be responsible for supporting Lumen Freedom’s management team on intellectual property, business and growth strategy, whilst building strategic partnerships and helping the business achieve further success in the US.

Pazol is a successful entrepreneur, CEO and general manager and has a 20+ year track record of managing successful start-ups in technology and emerging markets. Pazol led the global business for Qualcomm Halo (the wireless electric vehicle charging division) which was successfully sold to WiTricity in 2019. Steve also led Qualcomm’s WiPower (consumer electronics and wearables) and ETA Semiconductor businesses.

Commenting on the new appointment, General Manager Rod Wilson said, “Steve brings a wealth of experience and valuable knowledge to the team here at Lumen Freedom.”

“I have known the team at Lumen Freedom for some years and have always been impressed with both their vision and ’can-do’ attitude,” said Pazol. “They have taken a leading position in bringing this technology to the market, as they are demonstrating with their supply of WEVC systems for the McLaren Speedtail Hyper-GT. I am excited to be working with them as they advance their business to the next level.”

Wireless electric vehicle charging is a simple solution for charging electric vehicles and hybrid electric vehicles, without the fuss of having to plug-in. The efficiency levels of the Lumen Freedom WEVC systems are comparable to plug-in or conductive charging systems.

About the Lumen Group and Lumen Freedom

The Lumen Group is a leading integrator of automotive systems. Lumen offers a full-service supply capability from design, through to manufacturing on a global basis. With over 30 years of experience in the automotive industry, Lumen is known for being highly efficient and flexible in meeting customer’s needs.

Lumen Freedom, a member of the Lumen group of companies, is dedicated to the design, manufacture and integration of Wireless Electric Vehicle Charging (WEVC) systems. Lumen Freedom holds a license from WiTricity for the development and commercialization of WEVC.

Follow Lumen Freedom on LinkedIn

Share article on social media or email:

Source: https://www.prweb.com/releases/lumen_freedom_appoints_steve_pazol_former_qualcomm_halo_general_manager_as_a_strategic_advisor/prweb17488885.htm

Continue Reading

Cleantech

Suntuity Announces Net Zero Home Pilot Project in Central New Jersey

Avatar

Published

on

News Image

This is the first of many Net Zero Homes we will build to bring homeowners and business owners into a sustainable, affordable, ideally carbon-free future that will positively affect generations to come. -Dan Javan, Suntuity CEO & President

Holmdel, New Jersey-based contractors Suntuity Solar (https://suntuitysolar.com) and Suntuity Home (https://suntuityhome.com) are pleased to announce the construction of a one-of-a-kind LEED Platinum Certified home, the first of many planned under Suntuity Home’s Net Zero brand. The 100% solar-powered structure will become the first self-sustaining residential net zero energy project in central New Jersey to be built with cost-effective and environmentally-friendly BuildBlock ICF (Insulating Concrete Forms).

Once construction is complete, the ENERGY STAR® rated home will host 90 rooftop DualSun SPRING® solar modules on an Englert standing seam metal roof, 98% energy efficient LED lighting, a 93 kilowatt solar thermal heating system, and 8 Tesla™ Powerwall batteries for power storage. Additionally, an 1,800-square-foot rain catchment system will be installed on the rooftop to save and recycle up to 40,000 gallons of water per year.

A geothermal heating system and hybrid heat pumps will be used for secondary and tertiary heating supplements, and a 29,000-gallon infinity edge pool will serve as an additional storage location for hot water during colder months. The insulated driveway of the home, also to be built with ICF, will include an ice melt system to battle icy weather conditions. Additional premier brands utilized for this project include a CertainTeed mortarless STONEfacade™ to avoid moisture related issues, a Warmboard® radiant heating system, 3-pane, low emissivity (Low-E) PlyGem windows and a 36-foot span of hinge-less Panoramic Doors made with PVC and aluminum for improved thermal conditions and structural strength.

“We are pleased to announce this unique pilot project,” said Suntuity President and CEO, Dan Javan. “It is the first of many Net Zero Homes we will build to bring homeowners and business owners into a sustainable, affordable, ideally carbon-free future that will positively affect generations to come. We have done our best to work with a skilled team of professionals to bring green structures like this to market.”

The home will produce enough clean air to offset the pollution from over 63 million miles driven by the average vehicle. While it has a wealth of carbon-reducing benefits, there are also significant savings that the homeowner will experience over time – about $12,000 in annual utility savings, or an estimated ~$300,000 over 25 years. For additional savings, the standing seam metal roof with low-gloss, non-reflective coating helps reduce energy bills up to 50% and keeps the surface 60-70 degrees cooler than other roof options.

Read more about the project here and on social media.

About Suntuity Solar
Suntuity Solar (https://suntuitysolar.com), one of the Top 10 residential solar providers in the nation, brings clean, affordable energy to homeowners across the US. Part of the Suntuity Group of companies founded in 2008, Suntuity Solar is strategically positioned with industry-leading financing and technology that streamlines solar power as a viable energy alternative for several mainstream power options. With innovative financing solutions, in-depth technical expertise and a global presence, Suntuity Solar and its affiliate businesses consistently deliver best-in-class products, services and solutions.

About Suntuity Home

Suntuity Home (https://suntuityhome.com) is the residential construction and renovation division of the Suntuity Group of companies, a conglomerate of renewable energy, finance, technology and UAV service companies that has developed, built and managed assets of hundreds of megawatts of energy projects around the globe. Suntuity Home provides new home construction, roofing, siding, windows, LED lighting, solar, energy storage, EV and smart home automation for homeowners across the US.

Share article on social media or email:

Source: https://www.prweb.com/releases/suntuity_announces_net_zero_home_pilot_project_in_central_new_jersey/prweb17497810.htm

Continue Reading

Cleantech

Tesla Analysts — Most Earned Less Than Nothing (Q3 Analyst Report Cards)

Avatar

Published

on

Clean Power

Published on October 21st, 2020 | by Chanan Bos

October 21st, 2020 by Chanan Bos 


This is the third edition of our Tesla analyst report cards based on where their TSLA price targets and sell/hold/buy advice would lead you (based on information from tools like tipranks, marketbeat and other research).

It is actually a bit surprising, but the right words by these analysts can sometimes make the stock move quite significantly when in reality a lot of these analysts don’t appear to understand Tesla at all. Luckily, now that Tesla mostly answers questions from retail and institutional investors via say.com on its earnings calls, these analysts’ influence is diminished and people listening to (or watching) the Tesla earnings calls are saved from some of the most “boneheaded questions.”

This quarter, the report includes 26 analysts that have either updated their TSLA price target since the start of Q3 or are likely to appear on the call despite the fact that they haven’t updated their price target or don’t set price targets at all. The analyst cards are sorted from most bearish to most bullish, and this quarter there is at least one big surprise, Toni Sacconaghi from Bernstein.

Daniel Galves is a strange case. He is usually fairly bullish about Tesla, but he hasn’t updated his price target (to our knowledge) since Q2 2019, and thus appears to be bearish. Surely, his expectations for the stock price have shifted, but we don’t have any insight into that. He is on this list because he keeps appearing on the earnings calls despite not publishing price target updates.

Toni Sacconaghi is the biggest shock and surprise of the Tesla analyst world this quarter. Historically, this analyst has been known to be quite bullish on Tesla, and by ratings on tipranks, he is actually very well liked and followed. What appeared to be a fluke in the beginning of Q3 when he might simply not have had time to update the price target in response to the stock market has now turned unto a distinct pattern that also reflects the commentary.

In 2020 we would have thought that Tesla bears were a dying breed, mostly converting into bulls. So, to see his recent comments (see graphic above) is a bit puzzling. To call Battery Day “vaporware-ish” shows, in my opinion, a pretty big misunderstanding of what is going on with Tesla. The simplest explanation is that Toni all this time has had his own napkin math with a predetermined valuation that Tesla didn’t exceed in previous years but now does. In September, he was interviewed on CNBC, and even the news outlet that used to publish tons of FUD back in 2018 was more positive about Tesla than Toni was.

Dan Levy is certainly one of the more unusual bear-turns-bull analysts. Technically speaking, he isn’t a bull, and sentimentally speaking, I’m not quite ready to call him a bull either. In the past, his commentary on the company was extremely negative, to the point where it was practically FUD. It appeared that he did not understand the market, the company, or the technology, and I did not find his questions on the earnings calls useful. However, at some point in 2020, his commentary became a lot more positive and the questions he was asking on the call were no longer as absurd either. He has definitely pulled himself up by his bootstraps — just a few quarters ago he was literally the only TSLA analyst to have a negative general success rate and the absolute worst TSLA return. Now, that success rate is positive and his negative TSLA return is still in the triple digits but no longer as outrageously so.

For those who have forgotten, Goldman Sachs used to be very big TSLA bears, especially with its commentary. That is until the firm replaced the previous analyst with Mark Delaney. This analyst started off as a bull, seemed to have become a bear, and is now back to being a bull.

In any case, being on the job for just a few quarters is not enough time to judge his prospects as a TSLA analyst. One thing is for sure, though — his success rate and TSLA return scores are way better than that of his predecessor.

Deutsche Bank is a strange case. The name pops up more than once on the Tesla 10K SEC filing as a lender. This analyst, who has appeared on the earnings calls numerous times, is usually positive, but not excessively so. Even though the price targets have not been excessively bullish or bearish over the years, the firm’s success rate and slightly negative TSLA return makes it a strange case.

Last quarter, Alexander Potter had the highest TSLA price target. This time, he is in second place.

Pierre Ferragu this quarter has outbid even Alexander Potter and has the absolute highest TSLA price target. For a long time, he was mocked for having a TSLA price target twice as high as the stock price, but he was eventually proven right — very right.

You may have guessed or may simply recall that Gene Munster has a tendency to appear on these calls, and is usually quite bullish about the company. But we don’t have data for him.

Finally, my reasons for including Maynard Um from Macquarie Research actually have nothing to do with his price target. Rather, it has to do with the TSLA return. Even though this analyst probably stopped coverage of TESLA in Q3 2019, the fact that he recommended people buy when TSLA was at a lower price and just hold after that ended up giving him the best result. If there is a single conclusion to draw from it all, perhaps it is to just buy low and hold since no one can predict TSLA, especially not the analysts and their blunt financial instruments. Though, that is not actual investment advice, and we don’t provide investment advice of any sort. We’re not stock market analysts. 
 


 


Appreciate CleanTechnica’s originality? Consider becoming a CleanTechnica member, supporter, or ambassador — or a patron on Patreon.

Sign up for our free daily newsletter or weekly newsletter to never miss a story.

Have a tip for CleanTechnica, want to advertise, or want to suggest a guest for our CleanTech Talk podcast? Contact us here.


Latest Cleantech Talk Episode


Tags: Adam Jonas, Alexander Potter, Baird, Baird & Co, Bank of America, Barclays, Barclays Bank, Ben Kallo, Brian Johnson, Canaccord, Canaccord Genuity, CFRA Research, Citi, citigroup, Colin Rusch, Cowen, Craig Irwin, Credit Suisse, Dan Levy, Daniel Galves, Daniel Ives, Deutsche Bank, Emmanuel Rosner, Frank Schwope, Garrett Nelson, Gene Munster, Goldman Sachs, Itay, Jefferies, Jeffrey Osborne, JMP Securities, John Murphy, Jonathan Dorsheimer, Joseph Osha, Joseph Spak, JP Morgan, JP Morgan Chase, Macquarie Research, Mark Delaney, Maynard Um, Morgan Stanley, New Street Research, Norddeutsche Landesbank, Patrick Hummel, Philippe Houchois, Pierre Ferragu, Piper Jaffray, RBC, RBC Capital Markets, ROTH Capital, Ryan Brinkman, Sanford Bernstein, Tesla analysts, Tesla stock, Toni Sacconaghi, UBS, Wedbush Securities, Wolfe Research


About the Author

Chanan Bos Chanan grew up in a multicultural, multi-lingual environment that often gives him a unique perspective on a variety of topics. He is always in thought about big picture topics like AI, quantum physics, philosophy, Universal Basic Income, climate change, sci-fi concepts like the singularity, misinformation, and the list goes on. Currently, he is studying creative media & technology but already has diplomas in environmental sciences as well as business & management. His goal is to discourage linear thinking, bias, and confirmation bias whilst encouraging out-of-the-box thinking and helping people understand exponential progress. Chanan is very worried about his future and the future of humanity. That is why he has a tremendous admiration for Elon Musk and his companies, foremost because of their missions, philosophy, and intent to help humanity and its future. He sees Tesla as one of the few companies that can help us save ourselves from climate change.



Source: https://cleantechnica.com/2020/10/21/tesla-analysts-most-earned-less-than-nothing-q3-analyst-report-cards/

Continue Reading
AI5 hours ago

Europe sets out the rules of the road for its data reuse plan

AR/VR6 hours ago

Cybershoes for Quest Kickstarter Reaches Funding Goal in First Day

SaaS8 hours ago

AI10 hours ago

How Do You Differentiate AI From Automation?

Blockchain11 hours ago

Bitcoin Breaks Out but Is Stopped Short of New All-Time High

Blockchain11 hours ago

Ethereum Becomes One of the Largest Proof of Stake Chains Even Before Launch

Energy12 hours ago

XCMG lança X-GSS na Bauma China 2020, e mostra como se tornar digital na fabricação de máquinas

Energy12 hours ago

XCMG lanza X-GSS en Bauma China 2020 y muestra cómo aplicar la digitalización en la manufactura de maquinaria

Esports13 hours ago

KT Rolster signs top laner Doran

Blockchain13 hours ago

Dormant Ripple Whale Linked to Genesis Address Moves 40 Million XRP to Bitstamp

Esports14 hours ago

Suning parts ways with support SwordArt

Blockchain14 hours ago

Will TRON (TRX) Finally Break Out Above $0.04?

Energy15 hours ago

Sinopec gibt Startschuss für ausführliche Untersuchungen zur Energiewende und Klimaneutralität

Energy15 hours ago

Sinopec lance une recherche approfondie sur le pic d’émissions de CO2 et la neutralité carbone

Cyber Security15 hours ago

GoDaddy Workers in Action Against Cryptocurrency Resources Hackers Trick

Energy16 hours ago

Sinopec inicia uma extensa pesquisa sobre o pico de emissões de CO2 e o carbono neutro

AR/VR18 hours ago

Oculus CTO Wants Android Apps on Quest, But is “not winning” the Debate Within Facebook

Energy18 hours ago

LONGi alcanza los 10 GW de envíos de módulos bifaciales

Energy18 hours ago

Remessas de módulos bifaciais LONGi de alta eficiência chegam a 10GW

Energy18 hours ago

Los cargamentos de módulos bifaciales de alta eficiencia de LONGi alcanzan los 10 GW

Energy18 hours ago

Continental Resources Announces Early Results And Upsizing Of Cash Tender Offers

Energy19 hours ago

Neutrinovoltaic Energy and Electromagnetic Capacitors Set to Usher in a New Era of Truly Clean Energy

Cyber Security20 hours ago

Cyber Security: What Is The First Thing To Do In 2021

Energy20 hours ago

/R E P E A T — KORE Mining Considering Spin-Out of South Cariboo Gold Exploration Assets to KORE Shareholders/

Energy20 hours ago

Line 3 Moves Forward to Construction

AI20 hours ago

MIT Study: Effects of Automation on the Future of Work Challenges Policymakers  

AI21 hours ago

Power of AI With Cloud Computing is “Stunning” to Microsoft’s Nadella 

AI21 hours ago

IT Departments Find Timing is Good to Modernize Legacy Systems; AI Can Help 

Energy21 hours ago

Venture Global LNG gibt KBR EPC Zuschlag für die LNG-Exportanlage in Plaquemines

AI21 hours ago

AI Autonomous Cars Contending With Human Bullying Drivers 

Trending