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Messages - agelbert

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1
Agelbert Newz / Unmoored from Facts, Will EIA Projections Become Reality?
« on: February 15, 2018, 01:59:14 PM »



Unmoored from Facts, Will EIA Projections Become Reality?

February 13, 2018  |  By Jules Kortenhorst Kieran Coleman

The U.S. Energy Information Administration’s (EIA’s) most recent Annual Energy Outlook (AEO) should give anyone watching today’s energy markets a jolt of surprise. Not for projecting that U.S. energy demand will grow by an average of 0.4 percent per year after two decades of evidence to the contrary. Not for presenting major alternative scenarios only in the cases of cost and technology improvements in the oil and gas industries. But for exhibiting erroneous data about the costs of renewables, and for its simple and outdated outlook on how the market is changing and will in time transform.

The danger is that key decision makers will make decisions in accordance with an altogether different future than might otherwise result from current market activity. This risk stems from the agency’s opaque assumptions and modeling methodology, which have recently been the subject of significant criticism. In response, the EIA has sought to create a tenuous distinction between its “projections” and “forecasts” that requires mental acrobatics to accept—as do the annual outputs of its work.

Are We Looking at the Same Market?

In a two-part tragedy, incorrect initial positions go on to influence completely outdated expectations about the composition of the American energy landscape through 2050. To its credit, EIA analysts read the news (if selectively): the AEO projects that renewables will be among the fastest-growing segments in electricity generation markets. But the EIA assessment of generation costs across technology types in 2022 more closely resembles a copy-paste of renewables’ market data from back in 2015. It’s no wonder the EIA expects that policy will be the near-exclusive driver of renewables’ market growth, by way of state-enforced procurement requirements and federal tax credits.

EIA methodology is a key reason why the AEO’s citation of levelized costs (those upfront costs spread over an energy asset’s lifetime generation) seems so obsolete. Suffice to say that the EIA ignores the average results of recent tenders in the U.S. and elsewhere when compiling its forward-looking average price estimates. As a result, stagnating future prices—wind and solar are estimated to decline by only $3/MWh from 2019–2022, unsubsidized—underlie EIA’s projection that capacity installations over the same period will be only 60 percent of actual annual totals for the last two to three years.

In contrast, indicators over the past 18 months are regularly showing that large- and medium-scale solar and large-scale wind prices are far more competitive than marginal costs from traditional sources—especially when they are sited near to load, as most often only modular renewables can be. This, in turn, is enabling still-expensive storage to be coupled with renewables generation to firm supply for portions of the day and provide grid services in addition to those offered by renewables with smart inverters. Collectively, these trends indicate the rapid approach of widespread grid parity between traditional sources and less-intermittent clean energy generation.

International Markets Drive This Momentum

The EIA should look to real, current market dynamics to inform its initial positions. To start, the market is now global. Following leadership in early market development efforts by Europe and the U.S., countries like China, India, and Mexico have set their sights on securing sustainable economic development and near-term, cutting-edge jobs for their constituents. This motivates large-scale procurement of renewable energy that their domestic companies are simultaneously racing to manufacture and distribute, often with a boost in expertise and capital from established companies in developed markets.

Second, international markets are scaling—fast. As each large-scale procurement sees low bids from not one or two, but ten bidders, governments, companies, and communities are encouraged to go back to the market with more and larger tenders—even going so far as to free up capacity by canceling previously planned coal plants. Large, competitive procurements in LEDs, renewables, and now even electric vehicles ensure that buyers can leverage market forces and use existing expertise to innovate technology and delivery models that achieve step changes down the learning curve to reduce cost. Even though tenders may occasionally risk overestimating future cost declines, these are marginal in relation to their empowerment of cost reduction trends that are consistently more rapid than analysts expect.

Third, technology markets are converging to drive nonlinear deployment. Manufacturers of lithium-ion storage, for example, are serving multiple segments like electric vehicles and grid-scale storage; thus growth in any one segment will enable cost declines that support growth in others. Further, storage will support intermittent but predictable renewables generation, unlocking new customers’ interest and further deployment. As evidence of this trend, leading project developers in the U.S.—some of which are subsidiaries of traditional utilities hedging their bets—have merged traditionally separate teams to analyze, bid, and build integrated and technology-agnostic portfolios of cost-effective generation resources.

Together, market dynamics like these, missed by the EIA, tell us that the proverbial cat is out of the bag, and its claws inexorably stretch back into U.S. markets. In Colorado, Xcel’s all-source solicitation in late 2017 demonstrated just this, with one of the largest energy companies in the U.S. submitting a solar plus storage bid for $36/MWh based on the cost of components mostly built abroad. Attempts to wrestle it back in risk ceding the U.S. businesses’ cutting-edge innovation to foreign businesses in a global market estimated at $1 trillion per year by some of the world’s largest companies.

Reality

The EIA needs to start looking at current market offers and consistent patterns in actual deployment versus its historical forecasts. Only in this way will it start to come to grips with the real trends in the accelerating energy transition, and have the insight to be able to project or forecast the revolution that is coming. If not, it risks becoming totally irrelevant as a source of information and a poor guidance for business leaders and policy makers across the country.

https://rmi.org/news/unmoored-facts-will-eia-projections-become-reality/

Agelbert NOTE: The EIA is now a Trump TOOL of "alternative" facts.


Trump 🦀 EIA official 🦖 having some coffee:

Tomorrow is Yesterday...



2
Market Flambe / Re: Big Slide v2.0 Begins
« on: February 08, 2018, 11:02:04 AM »
Just volatility, boys. The ten year has been falling most of the morning.

And so far we're down 8.6% on the Dow, off the all-time high. Not a real bloodbath in my book. A much-needed  breather, is more like it.




3
Trump 🦀 Still Dreams of a 1950s-Era Economy

His tax cuts and pure willpower can't bring back manufacturing jobs.

By Noah Smith

January 30, 2018, 5:00 AM EST Corrected January 30, 2018, 11:55 AM EST

SNIPPET:

No matter how hard Trump supporters shut their eyes and visualize the past, the average American is not going to time-travel back to the world of the 1950s. Some Americans will work tending the robot factories of the future, but many others will have to find jobs as craft brewers, or construction workers, or social-media managers, or nurses.

Making America great again can be done. But it will take more than aggressive presidential bombast and ham-fisted policies designed to protect dying industries. In order to win the future, the country has to let go of the past.

Read more:

https://www.bloomberg.com/view/articles/2018-01-30/trump-still-dreams-of-a-1950s-era-economy



4
Agelbert Newz / Just Three Charts (Tyler Durden is right on this one!)
« on: February 08, 2018, 10:56:26 AM »
Just Three Charts


by Tyler Durden 

Fri, 02/02/2018 - 15:04

Forget valuations...

(because they can always be shrugged off by using 10Y forward estimates with some hockey-stick extrapolation)

These three charts are the real worries for anyone about to play the 'greater fool' and pile the remaining cash in their retirement savings into stocks...

Deutsche Bank's Binky Chadha notes that US equity positioning is extreme (+1.5sd above average levels). Mutual fund positioning has risen in tandem with the rebound in growth to a 6-year high, with cash balances well below the historical normal range...


Aggregate shorts in cash equities and ETFs, led by cuts in Tech shorts, have for the first time fallen below the elevated range they have been in since the financial crisis...


Margin debt in brokerage accounts has risen to extremes...


Option market indicators had till last week painted a similar picture, with skew and correlation down sharply, especially at near term maturities, and the put/call ratio low. Inflows into equities have surged recently and are on track for the largest monthly inflow on record. But equity inflows have lagged far behind those to bonds through the cycle and also through the rally over the last 15 months, suggesting plenty of room to catch up.

From a fundamental perspective, we see equities as having priced in the rebound in US and global growth, the corporate tax reform and as having gotten a little ahead.

To summarize - for the hard of reason - There's no more shorts to squeeze as ammo for the ramps, there's no cash on the sidelines, and those that are already in are the most-levered to gains in the history of stocks.

"Probably nothing..🙉." 


https://www.zerohedge.com/news/2018-02-02/just-three-charts

5
Agelbert Newz / Baltic Index Falls 10% This Week; Capesize Index Down 17%
« on: February 08, 2018, 10:54:05 AM »
🌠
 

Baltic Index Falls 10% This Week; Capesize Index Down 17%

February 2, 2018 by Reuters

SNIPPET:

Feb 2 (Reuters) – The Baltic Exchange’s main sea freight index, ended the week over 10 percent lower on Friday, as rates fell across all vessel segments, pushing the index to near 6-month lows.

* The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels, fell 19 points, or 1.71 percent, at 1,095 points, touching its lowest level since Aug. 10 last year.

Read more:

http://gcaptain.com/baltic-index-falls-10-week-capesize-index-17/

6
Agelbert Newz / The Ghost 🌠 Of 1987
« on: February 08, 2018, 10:52:50 AM »
The Ghost 🌠 Of 1987

by Tyler Durden

Mon, 02/05/2018 - 13:54

SNIPPET:

The Fed and the algos: a toxic combination

What becomes to the options of the Fed to respond to a similar crash, the things are rather different now. In 1987, the Fed quickly dropped its fund rate to 7 percent from 7.5 and injected reserves to markets. Now, a 50 -basis point cut in the federal fund rate would take the rate back to the range 0.5 – 0.75, which would likely have a very limited effect of the short-term rates. The Fed has also been pumping massive amounts of liquidity in the markets through its QE program. While re-starting the program would surely provide some temporary relief, there is no certainty that it would be enough to stem the panic; moreover so, because the program trading has a much bigger role now than in 1987.


In the 1980s, the main innovation in the program trading was the portfolio insurance, where the computer models were used to optimize the stock-to-cash ratios at various market prices. Most of the portfolio insurers used the futures market, which was likely to increase the downward pressure of the stock prices during the fall. Currently, the automatic trading is much more widespread. It is estimated that around a half of all trading in the US stock markets is executed by algorithms.

Also, it is estimated that ETFs, the risk parity funds and the volatility target funds hold some $8 trillion of the so called passive private assets. They have contributed to the uninterrupted upward trend in the equity markets, but their behavior in a large market correction is untested. When a deep enough correction is reached, the algos are likely to start to sell and short the market and the ETFs and other funds will start to lose value en masse. This will turn their passive assets very active to the sell side. When this point is reached, selling in the markets is likely to morph into a rapid crash halted only by the circuit breakers.

To make things more alarming, the global economic situation resembles more the time before the Great Depression than before the crash of 1987. This makes it possible that, if a stock market crash occurs, it will start a path towards a global depression🌠. Thus, after nearly a decade of central bank induced market manipulation, we may finally be closing to the point where the Abyss starts to gaze back at us.

     


Full article:

https://www.zerohedge.com/news/2018-02-04/ghost-1987

7
Agelbert Newz / Dow Jones 🌠 hit by worst fall since 2008
« on: February 08, 2018, 10:51:27 AM »
 


Dow Jones 🌠 hit by worst fall since 2008

Fedruary 5, 2018 17 minutes ago

The Dow Jones Industrial Average has plunged by nearly MORE THAN ;D a 1,000 points in the biggest one day falls since the financial crisis.

The leading US stock market index is down 4% at 24,484.15.

It is the worst drop in points since September 2008 when a plan to rescue the US banking industry was rejected.

The decline extends losses on Friday, when strong wage growth data raised the prospect of accelerated interest rate rises.

Monday's sell-off surpasses a 777.68 points drop on the Dow Jones on 29 September 2008 when Congress rebuffed a $700bn bank bailout plan following the collapse of US investment bank Lehman Brothers earlier that month.

The decline in the Dow was closely followed by the wider S&P 500 stock index, down 2.93% and the technology-heavy Nasdaq, down 3.2%.

London's main share index, the FTSE 100, closed down 1.46% while earlier, the biggest markets in Asia fell between 1% and 2.5%.

The decline followed months of market increases, which had fuelled concerns that share prices were over valued.

The Dow's dramatic fall marks a turnaround from January, when it raced past the 25,000 and 26,000 point milestones in less than a month.

David Madden, market analyst at CMC Markets, said: "Equity traders were enjoying a bullish run recently, and the jolt from the major decline in the US last Friday has triggered a worldwide round of profit taking."

US shares suffer sharpest drop since 2016

The Dow Jones rose more than 25% in 2017 - a year which was also unusual for its lack of sharp moves.

"There is going to be more volatility this year, " Andrew Wilson chief executive of Goldman Sachs Asset Management, told the BBC.

"We are in a cycle where central banks are reducing the amount of bonds they are buying and some central banks putting up interest rates," he said.

Strong wage gains reported on Friday provided a catalyst for the most recent losses, as investors saw it as a sign that inflation and interest rates might move faster than previously anticipated.

On Friday there was a hefty 4% loss for shares in Apple, which had been one of the markets' star performers in recent years.

That selling came despite a solid trading update from the company.

http://www.bbc.com/news/business-42942921


8
Agelbert Newz / Don't Forget What Causes a Recession
« on: February 08, 2018, 10:50:12 AM »
Don't Forget What Causes a Recession

They have this nasty habit of showing up when least expected.

By Noah Smith

February 6, 2018, 8:55 AM EST

SNIPPET:

Quote
At best, this means the market’s expected returns in the future will be quite weak; at worst, it means a big crash is in the offing.

Full article:

https://www.bloomberg.com/view/articles/2018-02-06/don-t-forget-what-causes-a-recession


9
Agelbert Newz / NTSB Releases El Faro Investigation Final Report
« on: February 08, 2018, 10:35:54 AM »
In regard to the posts by those who chose to disregard and/or disdain my recent financial advice:

As to the "market geniuses" at the Doomstead Diner and their incorrigibly erroneous confidence in their "astute" financial abilities along with their incorribly erroneous views of my TIMELY warning to get OUT of the market completely, good luck with that. Your Trumpian assumption that a person's pecuniary net worth equates to their level of financial acumen (i.e. intelligence, wisdom, money is IT, etc. you get the idea) is the basic flaw you labor under. This flaw is the direct result of the love of money.

Unlike you, I do not love money. Therefore, I can be far more objective about stock and bond markets than you. You can lead a horse to water, but you can't make it drink; you can lead people to logic, but you can't make them think.


 Real Christians understand Christ's teachings in this issue of money. False Christians and atheists are incapable of understanding Christ's teachings in this, or any other issue of human behavior.

Quote
Bible New International Version Luke 16:14-15

14 The Pharisees, who loved money, heard all this and were sneering at Jesus.

15 He said to them, "You are the ones who justify yourselves in the eyes of others, but God knows your hearts. What people value highly is detestable in God's sight.


NTSB Releases El Faro Investigation Final Report

February 7, 2018 by Mike Schuler

SNIPPET:


Eric Stolzenberg, Naval Architecture Group Chairman presenting about the Flooding of Cargo Holds during the December 12, 2017 board meeting on the sinking of the S.S. El Faro.

The U.S. National Transportation Safety Board has released its final report on its investigation into the sinking of the American cargo ship SS El Faro on October 1, 2015 in the Atlantic Ocean.

Today’s release of the final report follows the NTSB’s meeting on December 12, 2017, to determine the probable cause of the sinking. On that date, the NTSB also adopted and released 81 findings and 53 safety recommendations from the investigation.

The US-flagged cargo ship SS El Faro was on a regular route from Jacksonville, Florida, to San Juan, Puerto Rico when it foundered and sank about 40 nautical miles northeast of Acklins and Crooked Island, Bahamas after sailing into the path of Hurricane Joaquin. All 33 people on board perished when the ship sank.

The 40-year-old SS El Faro was owned by TOTE Maritime Puerto Rico and operated by TOTE Services, Inc.

The loss of the vessel is the worst U.S. maritime disaster in terms of loss of life in over 30 years.

WATCH: NTSB Video Details El Faro Sinking

Full article:

http://gcaptain.com/ntsb-releases-el-faro-investigation-final-report/

Climate Change, Blue Water Cargo Shipping and Predicted Ocean Wave Activity: PART 1 of 3

10
Agelbert Newz / Re:The CRASH of 2018 🌠 is in progress
« on: February 02, 2018, 12:08:08 PM »
There is hope for the poor greedy souls, like Golden Oxen, who shorted Tesla (that have lost OVER a billion dollars so far - don't challenge me on that, Godfader. I've got the hard data to stuff in your mouth if you try that.).  ;D  :icon_sunny:

Ya see, the Margin level in the Stupid Stock Market is terrifically, ridiculously and historically high. That means, for all you "market geniuses" here at the Doomstead Diner, that the Crash of 2018 will make history🌠. Margin calls goose falling markets like nobody's bidness.  Of course there are a few :D other contributing factors (see video below). The bottom line is that CHS was right and everybody that is still going long in stocks is wrong. GO, who shorted Tesla some time ago (and was probably forced to cover to keep from losing his ass) will probably try to short Tesla AGAIN. Who knows, it might work this time.

But really, with literally HUNDREDS of high volume stocks tanking, pickin' on Tesla is kinda economically silly.

Enjoy the video, Doomers. I do believe this fellow is exactly right.
Oh, and I still don't own any stocks or plan to buy any. 🕊

Will The Stock Market Crash 🌠 In 2018?
Nov. 22, 2017 4:31 PM ET

<a href="http://www.youtube.com/v/7ik9PQYo4n8" target="_blank" class="new_win">http://www.youtube.com/v/7ik9PQYo4n8</a>
Quote
Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it. I have no business relationship with any company whose stock is mentioned in this article.

https://seekingalpha.com/article/4127253-will-stock-market-crash-2018-video

I WARNED you people last week. Too bad you didn't listen. The Dow is DOWN 445 points right now.

We already had some discussion about the CHS article advising everyone to sell and get out. I need to bookmark that article so we can review how prescient he was, say a year from now.

Good luck holding stocks for a YEAR. LOL!

The Dow is down 900 points since Friday, which is a YUUUGE 3% correction. 445 point drops aren't that big a deal when you're dropping from 27,600 and change.

The apocalypse is not yet here.




Eddie, do not put words in my mouth, please. I NEVER  said the "apocalypse was here". I SAID, CHS was right, and YOU, from your previous and present comments, are woefully wrong. If you do not want to admit that, go ahead and "make your own reality"  ::). But frankly, I believe it is foolhardy to think the Crash of 2018 has not begun and CHS was not right. It has. It is NOT the "apocalypse". It is just a good time to watch fools insisting on holding stocks lose their ass. Don't be a fool, Eddie. Get OUT of the stock market while you still can.

The DOW is now DOWN 633 points 🌠. Have a nice day.

11
Quote from: AGelbert on January 20, 2018, 01:02:39 PM
The Fascinating Psychology of Blowoff Tops

Of two minds

by Charles Hugh Smith

SNIPPET:

Central banks have guaranteed a bubble collapse is the only possible output of the system they've created.
 
The psychology of blowoff tops in asset bubbles is fascinating: let's start with the first requirement of a move qualifying as a blowoff top, which is the vast majority of participants deny the move is a blowoff top.

FULL ARTICLE:

http://charleshughsmith.blogspot.com/2018/01/the-fascinating-psychology-of-blowoff.html

This is not a small cut. It's massive. Some people say the effects are already baked into the cake, but I don't think that's correct. I think it'll buoy the markets for 2-3 more years, most likely. The dollar is headed down. Bond prices are going up. Gold is going up, Oil appears to be headed up. To me, this is likely to all build in the current direction until another huge bust happens, but my guess is it's 3-4 years away, still. All the things I pay attention to seem to line up for that. Could it happen sooner? Sure, but I wouldn't count on it.

Sell, and sell everything now rather than ride the bubble collapse down.

This is probably premature. People selling stocks like Apple and Amazon might see them double again before the crash comes. I definitely agree that a "buy stocks and forget about it" Warren Buffett approach to equities is not too smart. But I'd bet plenty of savvy investors CAN come close enough to calling the actual top to get out with most of their gains intact.

When I read this article, I wondered about CHS' "sell" assertion as well. It does seem premature, although I'm sure you have better reasons for thinking so than I do. My reason was that the tax cut hasn't even been on the books for a month, so the long term effects are yet to be fully felt and priced. Would be nice if we had 3-4 years. Who knows?

Quote
I'm with CHS on this one. We are nearing the end of the Blow Off. My reasons for belieiving this are different than CHS's reasons.

We are in a disguised Depression. The idiotic pricing formula they use on Wall Street is NOT based on anything rational. It is based on purchasing demand which is absent of all fundamentals. The tiny percentage of the US population that can buy large blocks of stocks for corporate buy backs is further distoring the FACT that there are fewer and fewer people to buy the products that corporations sell.

I do not think we will get past the end of February before a massive tanking takes place. This market is going to come out of the sky like a shooting star.
  🌠

It will be poetic justice to see corporations that jacked up their stock price with buy backs while they were laying off employees have to EAT their stock at super low prices.
Quote

CHS may have his Market Blow off Top timing exactly right!
     

🌠Baltic Index Falls, Capesizes Post Biggest Weekly Drop in 2 Years 

January 19, 2018 by Reuters

Reuters

SNIPPET:

Jan 19 (Reuters) – The Baltic Exchange’s main sea freight index fell on Friday and continued to linger around five month lows as the capesize segment recorded its biggest weekly percentage decline in two years.

* The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels that ferry dry bulk commodities, shed 14 points, or 1.23 percent, to 1,125 points, the lowest since Aug. 10, 2017.

* For the week, the index ended 12 percent lower.


Full article:

http://gcaptain.com/baltic-index-falls-capesizes-post-biggest-weekly-drop-in-2-years/



12
Agelbert Newz / The CRASH of 2018 🌠 is in progress
« on: February 02, 2018, 10:52:31 AM »
There is hope for the poor greedy souls, like Golden Oxen, who shorted Tesla (that have lost OVER a billion dollars so far - don't challenge me on that, Godfader. I've got the hard data to stuff in your mouth if you try that.).  ;D  :icon_sunny:

Ya see, the Margin level in the Stupid Stock Market is terrifically, ridiculously and historically high. That means, for all you "market geniuses" here at the Doomstead Diner, that the Crash of 2018 will make history🌠. Margin calls goose falling markets like nobody's bidness.  Of course there are a few :D other contributing factors (see video below). The bottom line is that CHS was right and everybody that is still going long in stocks is wrong. GO, who shorted Tesla some time ago (and was probably forced to cover to keep from losing his ass) will probably try to short Tesla AGAIN. Who knows, it might work this time.

But really, with literally HUNDREDS of high volume stocks tanking, pickin' on Tesla is kinda economically silly.

Enjoy the video, Doomers. I do believe this fellow is exactly right.
Oh, and I still don't own any stocks or plan to buy any. 🕊

Will The Stock Market Crash 🌠 In 2018?
Nov. 22, 2017 4:31 PM ET

<a href="http://www.youtube.com/v/7ik9PQYo4n8" target="_blank" class="new_win">http://www.youtube.com/v/7ik9PQYo4n8</a>
Quote
Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it. I have no business relationship with any company whose stock is mentioned in this article.

https://seekingalpha.com/article/4127253-will-stock-market-crash-2018-video

I WARNED you people last week. Too bad you didn't listen. The Dow is DOWN 445 points right now.

13
Scandinavia Is Home To Heavy-Duty Electric ⚡ Construction Equipment & Truck Development

January 30th, 2018 by Steve Hanley

Companies in Scandinavia are pushing the development of electric construction equipment and medium-duty trucks forward. In Norway, two companies are working on electric earth moving equipment and in Sweden, Volvo Trucks has announced it will begin selling electric medium-duty delivery trucks in 2019.

Pon Caterpillar 323F

Pon Equipment, in association with Caterpillar, has developed a zero emissions 25 inch (63.5 cm) electric excavator called the 323F that will be sold as part of the company’s Z Line of zero emissions earth moving and construction equipment. The machine can operate for up to 7 hours on a single battery charge. One hour of charging using a 400 volt charger gives it enough power to do another hour of work. If a 1000 volt charger is available, a full battery charge can be obtained in about 90 minutes. The electric digger is intended for use in urban areas where noise and emissions standards are becoming increasingly restrictive.

Pon Caterpillar electric shovel

The 323F looks like a normal power shovel, except that it has no exhaust pipe. It is painted in green to highlight its eco-friendly characteristics and was developed over a period of 11 months by a small team of at Pon with help from Caterpillar, which contributed much of the software needed to operate the new machine.

Now that the basic engineering has been done, Pon plans on offering a conversion service that will replace the diesel engine in a conventional piece of equipment with the batteries, software and controls from the 323F for customers who need zero emissions capability but don’t want to discard machinery that is still satisfactory for more years of service.

NASTA Collaborates On Battery/Fuel Cell Shovel


NASTA is Norway’s largest distributor of construction equipment, specializing in Hitachi products. In cooperation with several partners, including Siemens and Sintef, it is developing its own 30 inch (76 cm) zero emissions excavator which will feature battery and fuel cell technology. The first prototype will be built on the chassis of an existing Hitachi excavator.

“This will be an exciting project for the construction industry. Larger, emission-free construction machines are already in demand by public builders … SINTEF will use its expertise in hydrogen and battery technology, as well as construction processes with NASTA and Siemens to develop a 30-inch (76 cm) excavator, “says Marianne Kjendseth Wiik, a researcher at SINTEF.

The Zero Emissions Digger (ZED) program is being conducted in cooperation with the Research Council of Norway, Enova, and Innovation Norway. The new equipment will be free of carbon and nitrogen emissions. The prototype should be ready for testing at construction sites in and around Oslo in 2019. It is expected to save more than 100 tons of carbon dioxide emissions 🔥 annually.

Electric Medium-Duty Trucks Coming From Volvo
Read more:

https://cleantechnica.com/2018/01/30/scandinavia-home-heavy-duty-electric-construction-equipment-truck-development/

14
Why can't other automakers besides Tesla make an EV with a 300+ mile range?


Joshua Pritt , driving Chevy Volts since December 2011.

Answered Tue  Jan 30, 2018

Simple . Electric cars have near zero maintenance. Rotate the tires once or twice a year, refill the wiper fluid, and replace wiper blades every year or so.

If you have a liquid cooled battery like the Chevy Bolt or Tesla you have to check and flush and fill if needed every 100k miles or so. This will eat into their bottom line since most of the profit from selling gas cars comes from the many years of oil changes, gasket replacements, tune ups, fuel injector cleaning, belt and hose replacements, on and on and on forever until it finally all falls apart.

Tesla has gathered so many millions of miles of data from their fleet of cars on the road they have a really good idea how long their electric motors should last. That's why they guarantee their new Tesla Semi truck for one million miles! 💫

Tesla Semi Truck: 500-Mile Range, 1 Million Mile Guarantee


Electric vehicles and the future of auto service

https://www.quora.com/Why-cant-other-automakers-besides-Tesla-make-an-EV-with-a-300-mile-range

15
Dr. Richard Wolff On What America Will Look Like🌪 If The Republicans 🦖 Get Their Way

<a href="http://www.youtube.com/v/ZvBiJcIRhus" target="_blank" class="new_win">http://www.youtube.com/v/ZvBiJcIRhus</a>

We all know what would happen if progressives took over, free college, universal healthcare, but have you ever wondered what America will look like if the morbidly rich, conservatives, the neocons and the alt right get their way?

Thom Hartmann Feb. 1, 2018 2:00 pm

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