Electric vehicles

[V8Druid]

All going well in the EV arena then..

https://techcrunch.com/2024/12/20/e...aining-employees-on-a-mandatory-unpaid-break/

At least the boss has a jet to save the planet though
https://techcrunch.com/2024/04/01/c...nual-revenue-on-the-ceos-private-jet-in-2023/

CEO Tony Aquila is lining his own pockets more like

" Canoo is paying to rent the CEO’s private jet to put those “wins” into perspective. Under a deal reached in November 2020, Canoo reimburses Aquila Family Ventures, an entity owned by the CEO, for use of an aircraft. In 2023, Canoo spent $1.7 million on this reimbursement — that’s double the amount of revenue it generated. Canoo paid Aquila Family Ventures $1.3 million in 2022 and $1.8 million in 2021 for use of the aircraft.

Separately, Canoo also paid Aquila Family Ventures $1.7 million in 2023, $1.1 million in 2022 and $500,000 in 2021 for shared services support in its Justin, Texas, corporate office facility, according to regulatory filings. "

no wonder they're reporting these sorts of losses

" The company generated $886,000 in revenue in 2023 compared to zero dollars in 2022, as the company delivered 22 vehicles to entities like NASA and the state of Oklahoma. And it did reduce its loss from operations by nearly half, from $506 million in 2022 to $267 million in 2023. The revenue-to-losses gap is still considerable though: The company reported total net losses of $302.6 million in 2023. " ... HTF?? where'd it all come from in the first place and WTF has it gone ??

 

[Lancs Lad]

CEO Tony Aquila is lining his own pockets more like

" Canoo is paying to rent the CEO’s private jet to put those “wins” into perspective. Under a deal reached in November 2020, Canoo reimburses Aquila Family Ventures, an entity owned by the CEO, for use of an aircraft. In 2023, Canoo spent $1.7 million on this reimbursement — that’s double the amount of revenue it generated. Canoo paid Aquila Family Ventures $1.3 million in 2022 and $1.8 million in 2021 for use of the aircraft.

Separately, Canoo also paid Aquila Family Ventures $1.7 million in 2023, $1.1 million in 2022 and $500,000 in 2021 for shared services support in its Justin, Texas, corporate office facility, according to regulatory filings. "

no wonder they're reporting these sorts of losses

" The company generated $886,000 in revenue in 2023 compared to zero dollars in 2022, as the company delivered 22 vehicles to entities like NASA and the state of Oklahoma. And it did reduce its loss from operations by nearly half, from $506 million in 2022 to $267 million in 2023. The revenue-to-losses gap is still considerable though: The company reported total net losses of $302.6 million in 2023. " ... HTF?? where'd it all come from in the first place and WTF has it gone ??

Startups ..fairy dust.
Woolly warm feeling belly rubs to investors throwing money into a money pit in the vague hope the fantastic electric vehicle pipe dream will eventually deliver...
Meanwhile theres a few folk in the middle coining it. Not daft and will be making it nicely ringfenced for when the balloon pops.

Delusion does funny things..
There's an old verse that reads "a fool and his money are easily parted"

 

[LKSF]

I think electric vehicles will quickly become the equivalent Betamax, or minidisc of the World, a mere bus stop in the great transport journey
At the moment I think Hydrogen is the way forward and so does Lord Bamford, a good video or two of what he's been up to recently on YT.

 

[pettsy]

I think electric vehicles will quickly become the equivalent Betamax, or minidisc of the World, a mere bus stop in the great transport journey
At the moment I think Hydrogen is the way forward and so does Lord Bamford, a good video or two of what he's been up to recently on YT.

Hydrogen was supposedly the way forward as a replacement for natural gas boilers but seems to have gone quiet recently

 

[LKSF]

Hydrogen was supposedly the way forward as a replacement for natural gas boilers but seems to have gone quiet recently

Not something I know anything about so 'no comment'!
I can see ASHP becoming the new norm, it runs on electric and we can make our own - like hydrogen.

 

[Smiffy]

Not something I know anything about so 'no comment'!
I can see ASHP becoming the new norm, it runs on electric and we can make our own - like hydrogen.

If ashp is the norm we need to massively up our insulation game. I can't think of anyone I know that is truly happy with it.
Even know someone trying to sue everyone involved in his house build as he is paying £800 a month in electric as he didn't want to spend the extras on the detailing to get the insulation right and the house properly sealed. Now he is up schitts creek.

 

[Lancs Lad]

If ashp is the norm we need to massively up our insulation game. I can't think of anyone I know that is truly happy with it.
Even know someone trying to sue everyone involved in his house build as he is paying £800 a month in electric as he didn't want to spend the extras on the detailing to get the insulation right and the house properly sealed. Now he is up schitts creek.

Couldn't agree more
Ashp in an old house without upping insulation and more rads and ufh.. is a joke ....ask me how I know

 

[Smiffy]

Couldn't agree more
Ashp in an old house without upping insulation and more rads and ufh.. is a joke ....ask me how I know

The bloke paying 800 a month is in a new build not even finished externals yet. The house builders and ashp people have built and installed exactly what he asked for. He just didn't do the research before asking.

 

[LKSF]

If ashp is the norm we need to massively up our insulation game. I can't think of anyone I know that is truly happy with it.
Even know someone trying to sue everyone involved in his house build as he is paying £800 a month in electric as he didn't want to spend the extras on the detailing to get the insulation right and the house properly sealed. Now he is up schitts creek.

ASHP has got off to a bad start because plumbers tried to fit it, then the government introduced a load of get-rich-quick schemes so even more unqualified people got involved (did a load, made the money, went out of business). Whilst not wanting to be rude to plumbers they were completely out of their depth as the technology is radically different. Homeowners too as you don't use it like fossil fuel fired appliances.
I can successfully strip, fix and rebuild engines, would not know where to start with an electric car motor.
ASHP often wasn't fitted properly.
It wasn't used properly.
Now everyone is up to speed it's proving to be the way forward.

 

[Smiffy]

ASHP has got off to a bad start because plumbers tried to fit it, then the government introduced a load of get-rich-quick schemes so even more unqualified people got involved (did a load, made the money, went out of business). Whilst not wanting to be rude to plumbers they were completely out of their depth as the technology is radically different. Homeowners too as you don't use it like fossil fuel fired appliances.
It wasn't fitted properly.
It wasn't used properly.
Now everyone is up to speed it's proving to be the way forward.

The installers may be up to speed but I don't think the builders are yet, not even the big players.
Someone put a post on here about the extent of detailing required in a build to get a house suitable for ashp. Definitely doable, but definitely not being done on most new builds.
Check Facebook, plenty of persimmon type houses that can't get warm.

 

[LKSF]

The installers may be up to speed but I don't think the builders are yet, not even the big players.
Someone put a post on here about the extent of detailing required in a build to get a house suitable for ashp. Definitely doable, but definitely not being done on most new builds.
Check Facebook, plenty of persimmon type houses that can't get warm.

You don't know the whole story and FB is not the best platform for anything other than showing people what you had for breakfast, that's putting it politely.
Insulation is actually turning out to be not a big problem, it's the other two I mentioned.
It was a bit assumptive of me to say everyone is up to speed because I live in an environment where they are, it's more likely the knowledge will take a while to trickle through and even then it won't reach everywhere.

 

[6feetdown]

The installers may be up to speed but I don't think the builders are yet, not even the big players.
Someone put a post on here about the extent of detailing required in a build to get a house suitable for ashp. Definitely doable, but definitely not being done on most new builds.
Check Facebook, plenty of persimmon type houses that can't get warm.

We did a private 1 last year. The home owner overseen it.
It was working well run off solar. Will see him soon I'll ask how it is all running he had battery banks installed too so should be cheap to run or free

 

[LKSF]

We did a private 1 last year. The home owner overseen it.
It was working well run off solar. Will see him soon I'll ask how it is all running he had battery banks installed too so should be cheap to run or free

The new Octopus tariffs are proving very popular, get batteries and charge them up 'off peak', use them during the day or eve. It's the modern version of old tech - storage heaters on economy 7.
The problem with solar is it always gives it's best in Summer when you need it the least, again Octopus is leading by offering better sales back to the grid. It's not fantastic, but slashes the payback time.
Until recently North facing solar panels would have been laughed at, but the cost of them is cheaper atm. This has lead to people fitting them facing North and discovering it's not that bad - 45% down, but that's still 55% efficiency. They don't get direct sun, but do get direct light and it's enough to make some power.

If you've got the money to spend then well thought out renewables are an investment in the future, that break even point is getting closer than ever as we learn more.
It's always been the same, never buy the 1st gen of a radically new model car or whatever, always get the second or third gen after they've ironed out the issues.
Also that if you've got the money to invest wisely it'll pay off, problem there is the people who really need the savings haven't got the money to invest.

 

[V8Druid]

Hydrogen was supposedly the way forward as a replacement for natural gas boilers but seems to have gone quiet recently

'cos the network isn't capable of keeping its tiny molecular structure contained Matt .. decrepit system leaks like a sieve when presented with H2 to contain - 'apparently'

 

[Stroppymonkey]

I think electric vehicles will quickly become the equivalent Betamax, or minidisc of the World, a mere bus stop in the great transport journey
At the moment I think Hydrogen is the way forward and so does Lord Bamford, a good video or two of what he's been up to recently on YT.

Once you actually start to delve into hydrogen production and all the different versions of it then you start to realise it’s likely all another pipe dream. Pretty sure Mr JCB isn’t spunking his own money on hydrogen research. Top gear did an episode on hydrogen in 2003 I think? Seemed to be just around the corner then.. and that’s 2 whole decades ago.

 

[LKSF]

Once you actually start to delve into hydrogen production and all the different versions of it then you start to realise it’s likely all another pipe dream. Pretty sure Mr JCB isn’t spunking his own money on hydrogen research. Top gear did an episode on hydrogen in 2003 I think? Seemed to be just around the corner then.. and that’s 2 whole decades ago.

Maybe, but they seem pretty serious to me, they're actually building production engines which run on it and have working machines on test now.
They tried batteries and they just didn't last long enough as machinery needs a lot of torque which saps power quickly.

Vid here:

 

[Bob]

Before I retired which was 13 years ago we built three properties with ASHP and I went back a few years later after I retired and built an extension and converted an outside shed into extension and customer seem very happy with the system,but we did put in a lot of insulation

 

[Stroppymonkey]

Maybe, but they seem pretty serious to me, they're actually building production engines which run on it and have working machines on test now.
They tried batteries and they just didn't last long enough as machinery needs a lot of torque which saps power quickly.

Vid here:

I agree that I cannot see electric ever being mainstream for much above 3.5T. Hydrogen as a fuel isn’t an issue, the challenge is squeezing the damn stuff out of the air and into the bottle !

 

[Stroppymonkey]

Before I retired which was 13 years ago we built three properties with ASHP and I went back a few years later after I retired and built an extension and converted an outside shed into extension and customer seem very happy with the system,but we did put in a lot of insulation

Nowt wrong with ASHP…. But it’s an entirely different issue to propulsion systems

 

[LKSF]

I agree that I cannot see electric ever being mainstream for much above 3.5T. Hydrogen as a fuel isn’t an issue, the challenge is squeezing the damn stuff out of the air and into the bottle !

I think there are lots of challenges with it! The pressures it's stored at and explosivity are frightening.
The creation of it is curious though, we'll no longer be dependent on oil, maybe the problems with Russia have been the push it needed. It can be made locally, anywhere you want it to be really.