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- SpaceX soon-to-be millionaires are set to spend big on luxury homes, watches and...
SpaceX employees have to wait to sell their shares, but many are already planning how to spend their windfalls. [TheTopNews] Read More.54 mins ago - Can SpaceX Defy A.I. Gravity?
Elon Musk’s rockets-and-artificial-intelligence company is going public as questions grow over the incredible spending spree taking place in the sector. [TheTopNews] Read More.1 hour ago - How family offices are investing in the final frontier beyond SpaceXPersonal investment firms of the ultra-rich are interested in space startups even without Elon Musk's name attached. [TheTopNews] Read More.1 hour ago
- GM letting some EV owners sell electricity back to the US power grid
General Motors on Tuesday announced it's releasing a software update that allows some electric vehicle (EV) owners to send power back to the electric grid.The update allows owners of GM's vehicle-to-home energy system, which allows the EV to power the home during a blackout, the expanded capability of sending electricity to the power grid.Owners of the system would be able to sell power from their vehicle back to utility providers at times when demand is high, with GM getting a portion of the proceeds. EVs are viewed as an untapped resource for balancing the electric grid to meet surging demand from AI data centers as well as extreme weather events. GM said that it alone has over 250,000 bidirectional capable vehicles on U.S. roads at this time, while it will include the vehicle-to-grid technology in all planned EVs going forward. AUTO INDUSTRY TRADE GROUP URGES FEDS TO SCRAP GAS TAX AND REPLACE IT WITH A VEHICLE WEIGHT FEEIt said that the quarter-million GM EVs that are capable of vehicle-to-grid energy transfers currently have the storage capacity to help power 120,000 homes for up to one week. GM said that it's actively testing vehicle-grid integration technology through a partnership with Pacific Gas and Electric Company (PG&E), and it expects that by 2030 there will be over 52,000 GM EVs actively participating in grid-balancing protocols.It's also conducting tests in Michigan with DTE Energy, using the homes of GM employees, to grow reliable backup capacity in a way that suits the preferences of home and EV owners, which GM Energy Vice President Wade Sheffer said is a "win for customers, automakers, and utilities."INSIDE GM'S $242M PUSH TO REBUILD AMERICA'S SKILLED TRADES WORKFORCE"Maintaining a safe, reliable, and affordable grid is paramount. This transition won't be easy, and we deeply respect the challenge of balancing day-to-day grid reliability with rapid innovation," Sheffer said in a letter, adding that the company sees three areas in which utilities, regulators and automakers can simplify the path forward.Those include boosting the enrollment of customers in utility programs by GM and industry partners, educating them on EV grid support and the value in utility programs and rates, with best practices developed amid its ongoing regional pilot projects.GM TAKES $7B HIT AFTER SHIFTING EV STRATEGY DUE TO SLOWING DEMANDGM noted that consumers will be more motivated to participate when given clear and appropriate incentives, such as expanding localized, time-of-use tariffs, allowing EV owners to… [TheTopNews] Read More.2 hours ago - In the Protein Era, Even He-Man Is Hawking SupplementsTo promote “Masters of the Universe,” Mattel, the toymaker behind the movie, tapped into one of the hottest trends in health and wellness: protein. [TheTopNews] Read More.4 hours ago
- Why It’s Nearly Impossible to Build a Robot Without ChinaBuilding on the country’s electric vehicle industry, Chinese companies are making robot parts at a scale and price point others can’t match. [TheTopNews] Read More.4 hours ago
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