Geoff Dobson

1 week ago | evsandbeyond.co.nz | Geoff Dobson

Mercury has revised its FY2025 EBITDAF guidance from $820 million to $760m – a $60m drop. This reflects an expected 150GWh decrease in full year hydro generation to 3400GWh owing to continued dry weather in the Taupō catchment, and projected below mean hydro inflows and lake levels through to June 30, 2025, says Mercury. It says FY2025 ordinary dividend guidance remains unchanged at 24 cents per share and stay-in-business capital expenditure guidance remains unchanged at $150m.

1 week ago | evsandbeyond.co.nz | Geoff Dobson

Amazon owner Jeff Bezos is backing a Michigan EV start-up Slate Auto which aims to produce a two-seat electric ute. So says TechCrunch which reckons Slate Auto could start production next year. It says Slate Auto is part of a Bezos connected company Re:Build Manufacturing and plans to produce an “affordable”US$25,000 electric pickup truck (ute).

1 week ago | evsandbeyond.co.nz | Geoff Dobson

Lodestone Energy is New Zealand’s newest electricity retailer, which it says will simplify delivery of its Virtual Rooftop Solar solution and allow it to retail certified solar electricity directly to a wider range of customers. “Our customers value working directly with Lodestone, and with some of our contracts with major electricity users lasting 20 years, we could see that building a close relationship from the beginning was the right decision,” says Lodestone managing director Gary Holden.

1 week ago | evsandbeyond.co.nz | Geoff Dobson

Major greenhouse gas (GHG) reductions, updates on the Polestar 0 project and a continued quest for increased transparency and more sustainable materials feature in Polestar’s fourth annual sustainability report. Since the company started measuring in 2020, Polestar has reduced its carbon footprint per sold car by nearly a quarter (24.7%).

1 week ago | evsandbeyond.co.nz | Geoff Dobson

Lithium-sulphur batteries are batteries with lithium metal anodes and sulphur cathodes and feature a high gravimetric energy density, says IDTechEx technology analyst Daniel Parr. He says lithium-sulphur has also been noted for potential cost reductions due to the abundance of sulphur, as well as enhanced safety due to its non-reactivity. “Lithium-sulfur (sulphur) is already seeing development across multiple continents and is expected to achieve mass production by 2033,” Parr says.