Categories
Health

CVS buys residence well being big Signify Well being for round $Eight billion

A CVS logo is displayed at one of their stores near Bloomsburg.

Paul Weber Light Rocket | Getty Images

CVS Health has reached an agreement to acquire home health care company Signify Health for about $8 billion, the companies announced Monday.

CVS said it would pay $30.50 per share in cash for Signify, an acquisition that would build on its growing healthcare services. Signify provides technology and analytics to support patient care at home.

“This acquisition will enhance our connection to consumers at home and enable providers to better meet patient needs as we execute on our vision to redefine the healthcare experience,” said Karen Lynch, President and CEO of CVS Health, in a press release.

The deal comes as competitors from Amazon to Walgreens continue to push into the healthcare sector. In July, Amazon announced it would acquire primary care provider One Medical for about $3.9 billion.

According to FactSet, shares of Signify Health are up nearly 45% over the past month to a market value of about $6.7 billion at $28.77 per share at the close. The Wall Street Journal reported Aug. 2 that Signify is evaluating strategic alternatives, including a sale.

Shares of Signify, which went public in February 2021, rose sharply in late August after reports that Amazon was among the bidders.

Last month, CVS announced plans to acquire or invest in a primary care business by the end of the year.

The Signify deal follows other acquisitions and moves into primary healthcare. CVS previously acquired insurer Aetna and Caremark, the pharmacy benefits manager, and customers can get vaccines or emergency supplies at MinuteClinic outposts in their stores. It has recently introduced mental health therapy in some stores.

The companies expect the acquisition, which is subject to regulatory approval, to close in the first half of next year.

Private equity firm New Mountain Capital owns about 60% of Signify’s common stock and has agreed to back the deal, the companies said.

CVS Health and Signify Health will host a conference call for analysts and investors Tuesday at 8:30 a.m. ET to discuss the transaction.

Categories
Entertainment

NBA YoungBoy reveals he is anticipating his ninth little one in Purge Me video

NBA YoungBoy welcomes another little kid into his life! The artist surprised fans with a collage of photos in a single Instagram post. One of the photos shows a pregnant belly with a diamond-bearing hand resting on it. In the other photos, YoungBoy posed in single shots and mirror selfies with his children. His caption said: “Dangerous love”.

Shortly thereafter, the rapper released the music video for Purge Me on YouTube. Pregnant in less than 30 seconds To Jazlyn Myche appears in a casual bathroom scene.

The moment lasts seconds, but it’s enough to see Jazlyn’s stomach sticking out and sweating from under a sweater. NBA YoungBoy’s other children appear in subsequent scenes. Finally, Jazlyn reappears and is tinkering with a clock. Then in an intimate hug with the father of her first child and a growing belly.

NBA YoungBoy and Jazlyn welcomed their daughter Alice in April 2021, per Newsweek. He shares seven other children named Armani, Kacey, Kamiri, Kayden, Kentrell, Kodi and Taylin with several other wives including Yaya Mayweather and Jania Meshell.

NBA YoungBoy is reportedly releasing an album on Labor Day

As of Monday night, the Purge Me video was number five on YouTube and had over 1.35 million views. NBA YoungBoy also got a few comparisons to Nick Cannon, who is expecting two children at the same time with pregnant Brittany Bell and pregnant Abby De La Rosa.

Nick Cannon and the nba youngster must be in competition when they all have their kids 😂

— UGG Low (@Ugg_Low) September 5, 2022

NBA boy and Nick Cannon try to repopulate the damn globe

— CallMeLii (@_CallMeLii) September 5, 2022

Neither YoungBoy nor Jazlyn shared any further news about the pregnancy. However, the diamond ring seen in the photos is likely familiar to fans. The couple previously shared photos of themselves sitting on Jazlyn’s ring finger.

In other NBA YoungBoy news, DJ Academics claimed the rapper deactivated his Instagram page on Monday. Akademiks said YoungBoy is preparing to release his album Realer 2 tonight.

Categories
Science

Aussie federal authorities screams dangerous on gasoline taxes – however nonetheless has to spend billions on local weather safety – watts with it?

Essay by Eric Worrall

Australia’s Albanian government claims revenue is too small to extend a temporary fuel tax cut that saved motorists $6 billion a year – but they still have money to spend $20 billion to upgrade the fuel system spend electricity grid for renewable energies.

‘It’s going to be difficult’: Prime Minister Anthony Albanese admits cost-of-living crisis will worsen ahead of fuel price hikes

Ahead of an expected interest rate hike and fuel price hike, Anthony Albanese has acknowledged the coming months will be difficult for many Australians.

Joseph Huitson Digital Reporter
September 5, 2022 – 10:45 am

Prime Minister Anthony Albanese has admitted that the end of the fuel excise tax cut will further exacerbate the skyrocketing cost of living Australians are facing.

The former coalition government announced temporary six-month fuel excise tax halving – which was 44.2 cents a liter – during the March budget amid rising petrol prices.

The measure, which ends on September 29, will increase the consumption tax again by 22 cents.

Ahead of a new week of parliamentary sessions, Mr Albanese said the cut announced in the budget had bipartisan support, noting it was a “difficult decision” to end it.

Read more: https://www.skynews.com.au/australia-news/politics/it-will-be-difficult-preme-minister-anthony-albanese-concedes-cost-of-living-crisis-will- worsen -before-the-fuel-price-rise/news-story/0aed81b0cacbe311cc33509b3d383521

The plan calls for spending US$20 billion or US$2.5 billion per year over 8 years to upgrade the green power grid. The temporary fuel excise tax cut, which cost the government $6 billion a year (half of the $12 billion raised annually), saved Australians $0.22 a liter ($0.81 a gallon) of fuel.

So if the government cancels the green electricity grid upgrade, according to these figures, the savings could fund a permanent $2.5 billion a year fuel tax cut, saving Australians $0.22 Ă· $6 billion. dollars x $2.5 billion = $0.09/liter or $0.33 gallon.

$0.09/liter or $0.33/gallon might not seem like a lot to some people, but that cost crops up in a lot of places — the cost of getting groceries delivered to supermarkets, the cost of shipping pretty much everything. If people fill up their car with 50L of fuel once a week, Big Green’s subsidy is an additional $4.50 they have to pay for their gas.

That $4.50 per week is the cost of a home-cooked, inexpensive family meal (lentils, a small chicken, a portion of frozen veggies, a bouillon cube, and garlic), 2/3 the cost of a subsidized doctor’s prescription, or over 3 months, a significant one Part of the cost of skyrocketing energy bills for low-income families has to be paid.

Perhaps worst of all, the fuel tax is helping to push up mortgage rates. Fuel costs are a major source of inflation. The Australian Reserve Bank is raising mortgage rates to try to stem rising inflation, largely caused by skyrocketing energy costs. This additional fuel tax money Albanese plans to add upward pressure on inflation and mortgage rates. The strength of inflationary pressures and the resulting level of imminent peak in mortgage rates could determine whether struggling young families are able to hold on to their new homes during the coming economic downturn.

We Australians are all paying more for pretty much everything because of our green-left government’s fantasies about renewable energy. Sooner or later, when the utter failure of our government’s net-zero plans becomes apparent to all, our politicians will have to foot the bill for the increased costs and hardships they recklessly imposed on voters.

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Categories
Technology

Paying with an Implant: The Future or a Cyberpunk Fantasy Recreation?

There are currently approximately 17 billion bank cards in circulation, helping move unimaginable amounts of funds around the world every day without requiring customers to do anything more than a simple swipe or tap of a payment terminal.

However, to a much smaller number of users, the idea of ​​tapping a bank card or phone to pay for a product sounds hopelessly outdated and tedious.

For these people – currently around 600 and counting – payments are as quick and easy as a hand wave, Jedi mind trick style. And all it takes is a willingness to have a subdermal payment implant about 28mm long in her body.

Welcome to the (possible) future of payments – created by a Polish startup called Walletmor.

“We designed and manufactured the world’s first payment implants that are accepted globally,” Wojtek Paprota, Walletmor’s founder and CEO, told Digital Trends. “It’s an open payment implant that you can use to buy a drink in New York, a haircut in Paris, or Pad Thai in Bangkok. It’s an amazing device.”

Cyborg style payments

Walletmor

Paprota, a startup entrepreneur with a background in wealth management and finance, came up with the concept for Walletmor a few years ago. While reading the Polish sci-fi novel Internet ludzi: Organizacja jutra (Internet of People: Organization of Tomorrow), he noticed a harmless scene in which a character used an embedded smart chip to open a door.

“I was like, ‘Oh my god, this is incredible,'” he said. “Something like this already exists on the market, but I’ve never seen it when paying.”

As Paprota notes, the idea of ​​having a device not much larger than a grain of rice implanted in the body is not entirely without precedent. In 1998 Kevin Warwick, a professor in the Department of Cybernetics at Britain’s University of Reading, made headlines when he decided to have a silicon chip in a glass tube implanted under the skin of his left arm.

The implant was connected to a central computer that allowed Warwick to open doors and turn on lights simply by walking through his lab. At the time, Warwick reported that he quickly felt “as if the implant was one with my body.”

Walletmor’s chip is different, Paprota explained, because it doesn’t focus on a “closed loop” but connects to an open standard: in this case, a payment platform. The fact that his company sells the chips, while not entirely unique, is a bit different than lab-based proof-of-concept demos.

Building a prototype

The Walletmor chip arm implant used to pay.Walletmor

Not that there wasn’t a fair amount of experimentation along the way to this point. Once Paprota had his initial idea, he approached Amal Graafstra, a person who had worked in the field, to help him make the dream come true. Walletmor’s website describes Graafstra, now the company’s chief technology officer, as the “most respectable person in the smart implant space.” But Paprota still had his doubts.

“[Amal] said, ‘I can’t guarantee it will be successful because I’ve never done anything like this before,'” recalled Paprota. “I kept asking myself these questions: ‘What is the risk of infection?’ “What is the chance of success?” “What is the risk of failure?” What about a million others [questions]?’ Every response I got was, ‘I don’t know because I’ve never done this before.’”

Eventually, the prototype was ready and the company began marketing its Walletmor implant to customers. (Currently it’s only available in Europe, although it’s hoped this will eventually expand to the US as well.)

To use the device, customers must first order the €199 implant through the company’s website. Next, they need to open an appropriate iCard or in the UK a MuchBetter.com account to create a digital wallet that can be linked to the implant. They then link the implant to the account with a simple activation code, add money to the account to start spending, and finally pay a visit to the friendly neighborhood “medical aesthetics clinic” to install the chip under their skin to let.

The device works with Near Field Communication (NFC) technology, the same contactless payment system used in smartphones such as Apple Pay.

“Walletmor is only responsible for the hardware of the implants themselves; We build implants and deliver them to customers,” Paprota said. “When it comes to software and cybersecurity [side of the coin]it’s the companies we work with and the systems we use.”

The future of payments?

Woman using Walletmor app.Walletmor

So is this the next step in payments as we know them? Paprota seems confident in his vision of a cyborg future for consumer payments. For now, however, he admits there are some bottlenecks. For one, the device is still “relatively expensive” compared to over-the-counter bank cards, which have the added benefit of not having to be physically inserted into the body.

The implants also don’t do much that other payment options can’t. There’s no major pain point it solves – with the possible exception that you’re less likely to accidentally leave your subdermal chip at home, and probably less likely to be stolen by thieves when you go out.

In the medium term, however, Paprota makes an interesting point as to why banks might actually be interested in adopting this. “When you have an implant in your hand, it becomes your preferred payment method of choice,” he explained. “That’s a big advantage for the banks because if you have, say, 10 [payment] Cards in your wallet, the banks are competing for your choice. Whoever is chosen wins – and let’s not forget that banks make money from the transactions when we use their cards.”

Realistically, however, it will take more than saving donors seconds on a payment for the majority of people to willingly undergo elective surgery – no matter how small – to become one with their bank. This is where the future bit comes into play.

“We plan to introduce multiple applications for our implant to create an ecosystem,” Paprota said. “Then it’s not just a payment implant, it’s a way to manage our digital and physical identity. Aside from paying, you can use these
 at the airport for your passport or to present a medical certificate, e.g. B. a COVID passport. If you have an accident, this could be installed in your body to ensure that the first responder can get the essential data to provide you with the appropriate first aid. The more applications and functions you get in an implant, the more attractive it becomes for customers. Think of it as an aggregator of our identity.”

Global Acceptance

Whether that happens remains to be seen. Paprota may refer to the world’s first payment implants as “globally accepted,” but your mileage for “accepted” may vary. However, Paprota is under no illusions. He knows, to paraphrase organizational theorist Geoffrey Moore, that this type of technology has a lot of chasms to cross before it can be widely accepted. He simply has faith in the public’s proverbial ability to jump over chasms.

“I believe the most important challenge we are facing right now is the societal acceptance of this device,” he said. “Societal acceptance and the wave of skepticism are coming from older generations who are not so keen on change. But if you look at this [history of] Personal computers and the Internet, it was also developed and strongly supported by the younger generations. It didn’t take a year or two, but at least 10 years to fully commercialize it – [and you still] see some older people who don’t have a PC and don’t use it. I believe that will also be the case with implants. But I am fully committed to this and I am willing to work on this project for the next 30 years.”

Coming soon(ish) to an arm near you.

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Categories
Sport

NASCAR Cup Collection Playoffs – Who’s in? Who’s outdoors? And who’s able to win all of it?

Can Kyle Larson win the NASCAR Cup Series for the second straight year? Peter Casey-USA TODAY Sports

Welcome to the NASCAR Playoffs!

Helpful Tip: Don’t call it the hunt. And don’t you dare call it playoff in the singular. That’s what they do over in college football, where there’s only four teams in the college football playoff field. Here in stock car land, 16 teams are in contention for the title, but like the CFP and Bowl seasons, those 16 teams share their postseason with a number of other teams battling for wins but not the championship.

Confused? You’re not alone. But that’s why we’re here. To answer your stock car questions, whether you’ve been watching NASCAR since Richard Petty fought Bobby Allison or you don’t know the difference between Chase Elliott and Chase Briscoe.

How Does NASCAR’s Postseason Work? Who’s in? Who is out (but still out on the track)? how did we get here Where are we going? Who is most likely to be in Victory Lane in 10 weeks’ time holding up that very big Cup Series trophy? Grab a grease pencil and read on.

how did we get here

At the end of what was by far the craziest 26-race “regular season” since NASCAR’s so-called “elimination era” began in 2014, a whopping 15 of the 16 drivers who made it also won a race, and it could have been all 16 had not sidelined Kansas Speedway champion Kurt Busch in late July with an ongoing battle with concussion-like symptoms.

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The last spot open went to winless Ryan Blaney, who edged out former Cup Series champ Martin Truex Jr. by just under three points, but only because Austin Dillon was able to weave through a gargantuan Big One crash at Daytona and keep winning Racing by a full 0.128s ahead of two guys who had already won a race this season. Had they won, Truex would also be in the playoffs; or if Truex, who finished eighth, had managed to get past a few cars in front of him, he would be and Blaney would be out. It was that close.

This season marks only the third in NASCAR’s nearly 75-year history to have 16 different winners in the first 26 races of the year. The gold standard for competitive seasons in modern times is still 2001, when 19 riders won 36 races. Considering we’ve already had five first-time winners this year, Blaney and Truex are still winless, and another handful of riders had close chances but came up short (Bubba Wallace, second at the Daytona 500; Chris Buescher, second at the Sonoma; Corey Lajoie’s fight with Elliott in Atlanta, etc.) there’s still a chance of reaching, or maybe breaking, that mark.

Who’s in?

The new reset NASCAR Playoff Ladder:

NASCAR Playoffs Ranking

driver wins playoff appearances playoff wins championships
1. Pursue Elliott 4 7 6 1 (2020)
2.Joey Logano 2 9 10 1 (2018)
3.Ross Chastain 2 1 0 0
4.Kyle Larson 2 6 6 1 (2021)
5.William Byron 2 4 0 0
6. Denny Hamlin 2 16 11 0
7.Ryan Blaney 0 6 2 0
8. Tyler Reddick 2 2 0 0
9. Kevin Harvick 2 16 16 1 (2014)
10.Christopher Bell 1 2 0 0
11. Kyle Busch 1 fifteen 8th 2 (2015, 2019)
12. Pursue Briscoe 1 1 0 0
13.Daniel Suarez 1 1 0 0
14. Austin Cindic 1 1 0 0
15. Alex Bowman 1 5 1 0
16. Austin Dillon 1 5 0 0

If you score at home – and we do – that’s five former Cup Series champions, just one former multiple champion, along with four playoff rookies and a true rookie in Daytona 500 winner Austin Cindric. Among car manufacturers, Chevy leads with eight entries, followed by Ford (5) and Toyota (3).

What’s happening now?

The next 10 races will eliminate four racers every three weeks. If a driver wins one of these three, he automatically advances to the next round. The remaining places are determined by the scores.

2 relatives

That’s 16 drivers competing in the first three races, 12 remaining in the next three, nine holding up title hopes in the next three and four drivers contesting the championship at the season finale at Phoenix Raceway on November 6th. The top finisher of these four is your NASCAR Cup Series Champion. Easy as pie, right? Unless you are one of those four.

“You think it’s going to be the same, just mind your business and race and keep going, right?” said Joey Logano, who made it into that final quartet four times. “But there’s definitely a sense that the pressure is increasing. We made it to the final feeling like the favorites and we envisioned it as the underdog. All I know is that however you did it, if the green flag comes out and there’s 300 or more laps to go for everything, for the whole season, it’s like, ‘Holy cow, that is real now!'”

The Round of 16 kicks off this weekend with NASCAR’s oldest and most grueling speedway event, the venerable Southern 500 at Darlington Raceway, a race and venue that has been on the Cup Series calendar since its second season in 1950. The elimination races for each playoff round are equally challenging. The Bristol Night Race marks the end of the Round of 16, Charlotte Roval completes the Round of 16, and the flat half-mile bullring at Martinsville Speedway, the last track remaining from NASCAR’s inaugural 1949 season, will determine which four will compete for the trophy the following weekend.

round of 16
Darlington race track
Kansas Speedway
Bristol Motor Speedway

round of 16
Texas Motor Speedway
Talladega Superspeedway
Charlotte Motor Speedway Roval

round of 16
Las Vegas Motor Speedway
Homestead Miami Speedway
Martinsville Speedway

Championship Race (Round of 4)
Phoenix racetrack

Denny Hamlin, left, and Chase Elliott are two of the bookie favorites to win the crown of this year’s NASCAR Cup Series. Meg Oliphant/Getty Images

Who are the favorites and who is doomed?

The good news for Dillon is that his dramatic entry into the playoffs was the stuff of movie scripts. The same goes for Cindric and his fellow first-time winners. The bad news is that since the beginning of the Elimination era in 2014, those who barely make the field usually also get eliminated early, and even if they delay elimination for a while, they don’t make it into the last four at the end of the season . In the previous eight editions of this format, the deepest driver to start the playoffs and win the title was seventh, equaled by Kevin Harvick in 2014 and Logano four years later. Meanwhile, four of the eight champions started the postseason right where they left it, at the top.

With that in mind, it’s hard to bet against Elliott, who somehow managed to turn this 2022 into something of a loss with near-historic parity and unpredictability, and the regular-season title by a 130-point lead like at Snake River Canyon to win over Logano.

The wise agree with this assessment. Heading into the playoffs, BetMGM listed Elliott 3-1 as the title favorite, right where he was when the green flag flew over the Daytona 500. It has Kyle Larson 7-1 and Denny Hamlin 8-1. Unsurprisingly, those behind the desk in the desert care about age and experience, as future Hall of Famers who have struggled through big stretches this season like Kyle Busch, Logano and Harvick, at 12-1 and all under the top 8 favorites are better.

There’s a playoff crasher that sportsbooks love now, even if they didn’t in February. Congratulations to everyone who wired Ross Chastain a paycheck in February. Back then, the Watermelon Man was listed 150-1 to hold the cup this fall. Now he’s 8-1, fourth best among those in the playoffs.

“I think experience counts, hell I know it,” explains 2021 champion Larson. “For me, the first time you find yourself in a playoff situation is like the first time you go to a circuit you’ve never been to before. You need time to orientate yourself. Once you’ve done this, once you know what to expect, next time you come back you’ll feel more comfortable. You think it’s just going to be, ‘Hey, let’s race and don’t worry.’ But it’s different. It’s fun too. I’m ready to go.”

Categories
Technology

The whole lot it is advisable learn about stopping lithium ion battery fires

When it comes to mobility, the future is electric, and that means lots of batteries. Unfortunately, batteries can potentially catch fire or explode, causing rapid, violent fires. But maybe we have a solution – or several solutions.

This article is part three, the finale in a series I’ve written about lithium-ion battery fires in e-scooters and e-bikes. part One studied the occurrence of battery fires during Second part looked at causality. Today I focus on prevention. Let’s get in:

Prevent a fire from starting

What if we could prevent a fire in the first place?

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That thermal restorer Device provides preventive maintenance. The device monitors detection points and detects heat.

If it detects abnormal heat (above 80°C), it will disconnect power and remove the ignition source.

It can be built into new and existing consumer electronics and is easy to install.

Verdict: Could a product like a Thermarestor be retrofitted? I can see it resonating, especially with e-bike owners who are already hacking their e-bikes. Linking Observability to an app would also be helpful.

Internal deletion

What if there was a way to put out lithium-ion battery fires where they started? To meet the e-bulbmarketed as “the world’s smallest fire extinguisher”.

More specifically, the e-bulb is a thermally activated glass bulb that contains a circuit breaker. The bulb contains a non-toxic, non-conductive extinguishing liquid. When a dangerous temperature is reached, the thermal bulb bursts and the liquid turns into gas. The fire is extinguished within seconds

The E-lamp also cuts power if a fire occurs while an appliance is connected. This means that the electrical fire cannot be reignited.

The company is currently in talks with car manufacturers to apply their solution to batteries.

Verdict: What’s not to like about a product that puts out small fires at the source? In contrast to the Thermarestor, however, the E-lamp reacts more as a preventive measure.

Safer batteries

battery start ZapBatt thinks lithium titanate batteries will be the safe batteries of the future.

Lithium titanate is a nanocrystal of titanium that changes from a conductor to a resistor under thermal runway conditions, effectively containing a form of built-in self-sustainability.

According to Charlie Welch, CEO and co-founder of ZapBatt, unlike lithium-ion:

You can do almost anything with it [a lithium titanate battery]short it, overvoltage it, pierce it, and it won’t go into thermal runaway.

I saw the cell being tortured and I never saw a single fire on them.

Historically, lithium titanate has not received as much attention as lithium-ion due to its lower energy density.

Lithium titanate as a viable alternative to lithium ion is emerging in places such as Taiwanwhere it is currently used in the development of electric vehicles and electric buses.

The downside is that lithium titanate batteries cost twice as much as lithium ion batteries. However, ZapBatt plans to release a micro-mobility battery next year that is not only much safer, but can be fully charged in 20 minutes and last up to 20 years.

Verdict: This will no doubt be a game changer for the industry, especially for providers willing to foot the extra cost or owners looking for faster charging.

Bikes for heavy trips

In New York there are e-bikes Commonly used by delivery drivers guilty of buying cheap bikes, riding them beyond their intended use, and unsafely charging their batteries, increasing the risk of fire.

battery fires

But one company sells and rents e-bikes specifically for delivery drivers Zoomo. I spoke to Joey Skavroneck, the company’s US director. He told me that the world’s largest and most innovative delivery brands use Zoomo e-bikes including UberEats, Deliveroo, Doordash, Just Eat Takeaway, Dominos, Pizza Hut, Gorillas, Getir, Milkrun, Zapp and many more.

Among various commendable features, Zoomo’s batteries are long-lasting (up to 8 hours) and fast-charging (4 hours), allowing drivers to complete long shifts without worrying about a dead battery (or relying on unsafe charging scenarios). ). All drivers get access to Zoomo’s comprehensive service and maintenance plans.

The company told me it has been working with individual partners to elucidate which vehicles and batteries are unsafe, secure storage and advanced solutions to meet delivery requirements.

Zoomo believes there is a need to encourage couriers to buy or rent safer and more legal e-bikes “so that couriers can continue to make a living without endangering their homes.”

Verdict: Bikes designed for delivery drivers seem like an obvious win. But there needs to be some pretty big financial (or regulatory) incentives to turn gig economy drivers away from cheaper brands. In an ideal world, delivery companies would also provide appropriate storage and changing facilities.

Find bad batteries

A crucial part of battery safety is identifying problems during the R&D phase. A startup called voltaic has developed the mobility industry’s first Enterprise Battery Intelligence (EBI) software platform, helping it avoid costly recalls and catastrophic battery fires.

I spoke to Voltaiq CEO Tal Shollapper to learn more about their platform, which pulls data from silos and automatically collects all battery data from the test lab, production line, and systems operated in the field. It converts this data into a standard format and organizes and stores it in a secure, central location that users can access.

Verdict: significant. You can’t fight a problem if you don’t really understand it. Voltaiq is currently working with several auto OEMs and the technology would benefit micro-mobility companies that choose to develop their own batteries.

Integrate battery security into your MVP

Meet the Bo-Scooter

I wanted to understand how micromobility manufacturers are tackling battery fires. I spoke to Oscar Morgan, CEO of the escooter company boa company that aims to create “the safest scooter in the world”.

Cell traceability is a priority. The company uses high-quality battery cells that have a high level of traceability:

This means when a problem occurs within a specific batch [e.g. 1 million cells] You can trace it back to this stack and compare the frequency of occurrence to the expected failure rate per million cells.

If the incident rate is outside of reasonable expectation, products using these batteries can be notified and recalled.

Traceability is particularly lacking in cheap e-bikes and e-scooters, which mostly use unbranded, untraceable cells – possibly even from multiple suppliers.

As Morgan notes, “The rate of incidence within a given batch is almost impossible to identify, making it a dung heap as to whether a given batch of cells is safe.”

Also in Bo’s favor is the use of a high-quality BMS with multiple thermocouple sensors that monitor the temperature of the cells, control the charging circuitry, and isolate modules of the battery when an “out-of-parameter” condition is detected.

Morgan claims that the shortest way to eliminate the risk of battery fires is to “enclose all batteries in a ventilated stainless steel case that has a melting point higher than the combustion temperature of lithium. However, this is not always practical for weight, design and cost reasons.”

Verdict: On the positive side, Bo is thinking critically about battery safety. I would like to see a partnership with some preventative technologies like Thermarestor.

General safety tips for e-bike and e-scooter owners

E-bike battery from Bosch Buy your e-bike and battery from a reliable supplier. Image source: Bosch

Are you planning to buy an e-bike or e-scooter and now imagine your home is on fire? Here are some proven safety tips:

  • Buy e-bikes and e-scooters from a reputable dealer.
  • Be aware of the risk fake Products.
  • When purchasing devices, make sure that the device has the Underwriters Laboratories Markshowing that the product has been safety checked.
  • Follow the manufacturer’s instructions for loading and storing.
  • Use the manufacturer’s official charger.
  • It is best to park your vehicle outside.
  • Do not park or charge electric bicycles or e-scooters in public areas such as stairwells, fire exits, and emergency exits.
  • Be present during the charging process.
  • Don’t Overcharge – Disconnect, unplug and turn off the charger once it’s fully charged.
  • Allow time between loading and driving.
  • Keep e-bikes and e-scooters away from extreme heat as much as possible.

Preventing and responding to the risk of lithium-ion battery fires is complex and multifaceted.

However, this must be a priority, especially as existing batteries degrade with use and increase the risk of fire.

Categories
Science

Rocketlab despatched this engine into area after which retrieved it. A brand new take a look at exhibits it nonetheless works properly

Reusable rocket engines have been all the rage lately, even as NASA’s Artemis I mission has been constantly belatedly trying to launch with non-reusable technology. Realistically, the only way to significantly reduce launch costs is to reuse the engines instead of building them from scratch each time. Which is why every space exploration fan should be happy that another small startup, RocketLab, has successfully retested a rocket that went into space.

SpaceX is known to have flown several of its Raptor engines into space and made headlines in the process. But it’s not the only company with ambitions to reuse its rockets. RocketLab, which makes a much smaller rocket called the Electron, has also been eyeing this milestone for a while.

The company made headlines back in May when it put on a spectacular show by taking its rocket stage out of the air with a helicopter. That’s certainly something SpaceX has never done before — in fact, the company even had trouble catching its fairings with a net on a boat.

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UT video describing the capture of RocketLab’s rocket engine that has just been successfully retested.

However, RocketLab’s helicopter catch was just the first step in a multi-step process to arrive at a reusable rocket. This first test catch eventually forced the helicopter to drop the missile into the sea, where it was picked up by a ship.

Seawater is corrosive and harmful to any metal that sits in it for too long. Any space system that comes into contact with it needs a major overhaul. So if you plan on reusing a rocket, it’s probably better to leave it out of the drink.

Then why wouldn’t RocketLab just land the rockets back on a pad like SpaceX does? The simple answer is a size difference. The Electron, which weighs 12 tons fully stacked, can only launch about 300kg in LEO, compared to about 17,000 pounds a Falcon 9 can lift even when landing on a drone ship.

Rocket Lab’s Elektron rocket rises from its New Zealand launch pad.
Image credit: Rocket Lab via Twitter

These two rockets are in completely different classes in terms of performance, and this difference in size allows a Falcon 9 to carry enough fuel to land upright on a pad without taking up too much carrying capacity. On the other hand, carrying enough fuel to land upright on a pad would mean Electron wouldn’t have enough room for its payload. However, an electron only costs about $7.4 million per launch, and that price is expected to drop as the rockets become reusable.

The company took a step in that direction when it test-launched the missile, which was caught in May and then dumped in the ocean. Like all returned missiles, it has undergone a refurbishment. But after that it passed all static fire tests with flying colors, including generating enough thrust to get into orbit, and passed all the hallmarks of a newly built Rutherford engine, the power plant behind the Electron.

This is all good news for the company and the private space industry at large. Next up is how to perform a helicopter catch without having to throw it into the sea and then proceed to reuse a rocket that was in space. There’s still a lot more work to be done for the company, but before long it looks like launch costs will drop even further thanks to even more reusable rockets.

Learn more:
RocketLab – Rocket Lab successfully completes the first test fire of the reused Rutherford engine
UT – you did it! Rocket Lab uses copters to catch (and release) a rocket.
UT – Rocket Lab unveils its new reusable neutron rocket, slated for launch in 2024
UT – RocketLab restores a first stage booster for the first time: “Return to Sender”

main picture:
Rutherford engine captured from the sky is successfully tested.
Credit – RocketLab

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Health

US-Gesundheitsbehörden bereiten sich auf einen weiteren Sturz von Covid vor, jedoch mit weniger TodesfÀllen

Menschen gehen am 28. Juli 2022 in New York City an einem begehbaren COVID-19-TestgelÀnde vorbei.

Liao Pfanne | China Nachrichtendienst | Getty Images

Der Herbst steht vor der TĂŒr und die Gesundheitsbehörden bereiten sich erneut auf eine weitere Welle von Covid-FĂ€llen vor.

In den letzten zwei Jahren haben Herbst und Winter verheerende Covid-Wellen mit sich gebracht, die Hunderttausende von Menschenleben forderten und KrankenhĂ€user an ihre Grenzen brachten. Aber US-Gesundheitsbeamte sagen, dass sich die Nation heute aufgrund des Arsenals an Werkzeugen, die Ärzte jetzt zur BekĂ€mpfung des Virus haben, an einem ganz anderen Ort befindet.

„Wir sind an einem viel, viel besseren Ort. Wir sind an einem besseren Ort, weil die Menschen geimpft und aufgefrischt wurden. Wir haben Behandlungen, die weit verbreitet sind“, sagte Dr. Ashish Jha, Covid-Reaktionskoordinator des Weißen Hauses, in einem August-Interview mit der US-Handelskammer.

Die Zentren fĂŒr die Kontrolle und PrĂ€vention von Krankheiten sagten in einem Anfang August veröffentlichten Bericht, dass ein hohes Maß an ImmunitĂ€t in der US-Bevölkerung gegen Impfungen und Infektionen die Gefahr von Krankenhausaufenthalten und TodesfĂ€llen durch Covid erheblich verringert habe.

Die CDC beendete im vergangenen Monat ihre QuarantĂ€neempfehlungen fĂŒr Personen, die dem Virus ausgesetzt waren. Beamte des öffentlichen Gesundheitswesens fordern die Menschen auf, sich ĂŒber ihre Impfstoffe auf dem Laufenden zu halten, ĂŒberlassen es jedoch weitgehend den Einzelnen, zu entscheiden, welche anderen Vorsichtsmaßnahmen sie auf der Grundlage ihrer Gesundheitsgeschichte, Risikotoleranz und der Verbreitung von Covid in ihren Gemeinden treffen sollten.

Die CDC verfolgt einen gezielteren Ansatz, der sich darauf konzentriert, sicherzustellen, dass diejenigen mit dem höchsten Risiko einer schweren Erkrankung Zugang zu Impfstoffen, antiviralen Behandlungen und anderen Therapeutika haben, um ihre Gesundheit zu schĂŒtzen.

CNBC Gesundheit & Wissenschaft

Lesen Sie die neueste globale Gesundheitsberichterstattung von CNBC:

Viele Menschen haben seit Monaten keine Impfdosis erhalten, was bedeutet, dass ihr Immunschutz gegen das Virus nachlĂ€sst. Einige Studien zeigen, dass drei Impfungen der ursprĂŒnglichen Impfstoffe nach fĂŒnf Monaten nur zu 19 % wirksam waren, um eine Covid-Infektion zu verhindern.

Gleichzeitig breiten sich mehr ĂŒbertragbare Omikron-Subvarianten aus. Es erzeugt einen perfekten Sturm vor den kalten Wettermonaten und Feiertagen, die die Menschen in InnenrĂ€umen in unmittelbarer NĂ€he zueinander und einem hoch ansteckenden Krankheitserreger in der Luft zwingen.

Selbst mit allen Mitteln, die den USA zur VerfĂŒgung stehen, haben Covid-Infektionen, Krankenhausaufenthalte und TodesfĂ€lle im Sommer ein hartnĂ€ckig hohes Niveau erreicht.

Die USA bereiten sich nach dem Tag der Arbeit auf eine Auffrischungskampagne mit neu formulierten Impfstoffen vor, die sowohl auf den ursprĂŒnglichen Stamm des Virus abzielen, der 2019 in Wuhan, China, aufgetreten ist, als auch auf omicron BA.5, die vorherrschende Variante im Umlauf. Beamte des öffentlichen Gesundheitswesens glauben, dass die neu formulierten Booster einen dauerhafteren Schutz vor Infektionen bieten und dazu beitragen werden, einen großen Anstieg abzuwenden, der die KrankenhĂ€user belastet.

„Es wird wirklich sehr, sehr wichtig fĂŒr die Menschen sein, diesen aktualisierten, neuen, sehr spezifischen Covid-Impfstoff zu erhalten, weil ich denke, dass er viel dazu beitragen wird, Infektionen zu verhindern, und ich denke, dass er viel dazu beitragen wird, Menschen davon fernzuhalten Krankenhaus”, sagte Jha. Die USA haben sich bisher 171 Millionen Dosen der neuen Auffrischungsimpfungen von Pfizer und Moderna gesichert, die auf Omicron abzielen.

Neue Booster

Die neu formulierten Booster könnten Infektionen um 2,4 Millionen, Krankenhauseinweisungen um 137.000 und TodesfÀlle um 9.700 von August bis Mai 2023 reduzieren, wenn keine neue Variante auftaucht, so eine Prognose eines Teams von Wissenschaftlern, die den Verlauf der Pandemie vorhersagen, genannt der Covid-19 Scenario Modeling Hub.

Laut den Wissenschaftlern basiert die Prognose jedoch auf optimistischen Annahmen ĂŒber die Abdeckung und Wirksamkeit von Boostern. Das Modell geht davon aus, dass sich die Impfungen bei der Vorbeugung von Krankheiten zu 80 % als wirksam erweisen werden, die Impfkampagne schnell hochgefahren wird und die Öffentlichkeit die neuen Auffrischungsimpfungen umfassend annehmen wird.

Aber viele Menschen in den USA haben ihre erste Auffrischung mit dem alten Impfstoff noch nicht bekommen, und es ist nicht klar, ob diese Personen eher bereit sein werden, die neuen SchĂŒsse zu nehmen. Laut CDC-Daten haben etwa 76% der Menschen ab 12 Jahren ihre ersten beiden Impfdosen erhalten. Von diesen Leuten hat etwa die HĂ€lfte ihre dritte Spritze bekommen.

Es ist auch noch nicht klar, wie effektiv die neuen omicron-Booster in der realen Welt sein werden. Die Food and Drug Administration genehmigte die Aufnahmen am Mittwoch ohne Ergebnisse von Versuchen am Menschen mit den BA.5-Aufnahmen. Aber Dr. Peter Marks, Leiter des FDA-BĂŒros, das fĂŒr die ÜberprĂŒfung von Impfstoffen zustĂ€ndig ist, sagte, die verfĂŒgbaren Daten deuten darauf hin, dass die Impfungen einen wesentlich besseren Schutz bieten werden.

Beamte des öffentlichen Gesundheitswesens gehen davon aus, dass die USA im Herbst mit einer Version von Omicron konfrontiert werden, weshalb die neuen Impfstoffe auf BA.5 abzielen. Aber es besteht immer die Gefahr, dass eine neue Variante außerhalb der Omicron-Linie auftaucht, die den neuen SchĂŒssen entgehen kann.

Wenn Covid auf eine Weise mutiert, die eine neue, dominante Variante zum Leben erweckt, und Booster nur langsam an die Öffentlichkeit gelangen, könnten die USA in den nĂ€chsten neun Monaten 1,3 Millionen Krankenhauseinweisungen und 181.000 TodesfĂ€lle erleiden, so das pessimistischste Szenario der Wissenschaftler .

Aber Michael Osterholm, Direktor des Center for Infectious Disease Research and Policy an der University of Minnesota, sagte, die RealitĂ€t sei, dass niemand wirklich wisse, was im Herbst passieren werde. „Wir wissen es nicht“, sagte er.

Die meisten Amerikaner haben Antikörper

Ali Mokdad, ein Epidemiologe am Institute for Health Metrics and Evaluation an der University of Washington, sagte, seine Gruppe prognostiziere fĂŒr diesen Herbst einen Anstieg der Covid-FĂ€lle, TodesfĂ€lle und Krankenhauseinweisungen.

„Aber der Anstieg der Sterblichkeit und der Krankenhauseinweisungen wird nicht so sein wie zuvor, einfach weil die meisten Menschen eine Art ImmunitĂ€t gegen Krankheiten haben“, sagte Mokdad.

Laut einer CDC-Umfrage zu Blutspendedaten haben etwa 95 % der Menschen ab 16 Jahren in den USA irgendeine Art von Covid-Antikörpern – entweder von einer Impfung oder einer frĂŒheren Infektion. Dies bedeutet, dass mehr Menschen in den USA zumindest einen gewissen Schutz vor schwerer Krankheit und Tod durch Covid haben als zu jedem anderen Zeitpunkt der Pandemie.

FrĂŒhere Infektionen, Impfung allein und Impfung plus Infektion verhinderten nicht unbedingt, dass Menschen krank wurden, aber sie alle zeigten mehr als 70 % Wirksamkeit gegen die Entwicklung eines wirklich schweren Falls oder das Sterben an omicron BA.2, laut einer im New veröffentlichten Studie England Journal of Medicine von Weill Cornell Medicine in Katar. Die Studie untersuchte die Krankenakten von 100.000 Personen in Katar von Dezember 2021 bis Februar 2022.

Aber die Katar-Studie lĂ€sst sich möglicherweise nicht gut auf die US-Bevölkerung ĂŒbertragen, die eine große Ă€ltere Bevölkerung und viele Menschen mit bereits bestehenden Erkrankungen hat, wie Fettleibigkeit oder Diabetes. Katar hingegen hat eine sehr junge Bevölkerung – nur 9 % seiner Einwohner sind 50 Jahre oder Ă€lter, verglichen mit mehr als einem Drittel aller Amerikaner.

Omicron hat sich auch weiter zu ĂŒbertragbareren und immunvermeidbareren Untervarianten entwickelt. Die Untervariante BA.5 wurde diesen Sommer dominant und verdrĂ€ngte BA.2. Obwohl BA.5 nicht mit einer schwereren Krankheit in Verbindung gebracht wurde, ist es effektiver, der ImmunitĂ€t zu entgehen und Menschen zu infizieren, die geimpft sind oder sich von Covid erholt haben.

„BA.5 ist die ansteckendste, sicherlich die immunste Ausweichvariante, die wir gesehen haben“, sagte Jha im Juli gegenĂŒber NBC News. „Das heißt, wenn Sie frĂŒher infiziert wurden, haben Sie immer noch ein sehr hohes Risiko einer erneuten Infektion.

Nachlassende ImmunitÀt

WĂ€hrend die CDC zuvor dachte, dass eine Infektion etwa 90 Tage Schutz bietet, sagte Jha Reportern im Juli, dass Durchbruchinfektionen hĂ€ufiger geworden sind und mit BA.5 frĂŒher auftreten. Er sagte, es sei unklar, wie lange die ImmunitĂ€t nach der Genesung von einer BA.5-Infektion anhĂ€lt.

Osterholm sagte, die Pandemie sei in eine weitere beispiellose Phase eingetreten. Zuvor sind die Infektionen auf hohe Spitzen gestiegen und dann vor der nĂ€chsten Welle stark zurĂŒckgegangen. Aber in den letzten drei Monaten haben sich Infektionen, Krankenhausaufenthalte und TodesfĂ€lle auf einem hohen Niveau stabilisiert, ohne Anzeichen dafĂŒr, dass eine andere Variante BA.5 verdrĂ€ngt, sagte er.

„Wir sehen jetzt, dass immer mehr Leute ihre zweite und dritte Folge davon spielen“, sagte Osterholm. „Was ist die Wechselwirkung zwischen zunehmender Impfung, natĂŒrlicher Infektion und ImmunitĂ€t im Zusammenhang mit einer Infektion? Wir wissen es einfach nicht“, sagte er.

Es sei unklar, ob sich das derzeitige Übertragungsmuster fortsetzen werde oder ob die USA mit einer weiteren Welle konfrontiert seien, sagte Osterholm. Im Moment verzeichnen die USA im Durchschnitt tĂ€glich mehr als 88.000 Neuinfektionen, was wahrscheinlich eine enorme UnterzĂ€hlung ist, da Personen, die zu Hause positiv getestet wurden, von den offiziellen Daten nicht erfasst werden.

Insgesamt werden derzeit in den USA mehr als 32.000 Menschen mit Covid ins Krankenhaus eingeliefert, und durchschnittlich fast 400 Menschen sterben nach Angaben der CDC und des Gesundheits- und Sozialministeriums jeden Tag immer noch an dem Virus.

Das ist eine deutliche Verbesserung gegenĂŒber dem Höhepunkt des Ausbruchs im Winter 2021, als durchschnittlich mehr als 3.000 Menschen pro Tag starben. Obwohl Covid heute milder ist als in den frĂŒhen Tagen der Pandemie, tötet es immer noch mit der vier- oder fĂŒnffachen Sterblichkeitsrate der Grippe, sagte Jha der Kammer.

„Wenn alle ĂŒber ihre Impfstoffe auf dem Laufenden wĂ€ren und die Menschen mit Paxlovid behandelt wĂŒrden, wie sie sollen, wĂŒrde der Tod in ganz Amerika gegen Null gehen“, sagte Jha.

Krankenhauseinweisungen sind um 75 % und TodesfĂ€lle um 85 % gegenĂŒber dem Höhepunkt des Omicron-Anstiegs im letzten Winter zurĂŒckgegangen. Aber wenn die Zahl der TodesfĂ€lle bis zum nĂ€chsten Jahr auf ihrem derzeitigen Niveau bleibt, wĂŒrden mehr als 140.000 Menschen dem Virus erliegen, was Covid immer noch zu einer der 10 hĂ€ufigsten Todesursachen in den USA machen wĂŒrde

„Werden wir diese Art von AktivitĂ€t noch einige Zeit aufrechterhalten? Die Leute werden sagen, dass es nicht endlos weitergehen kann, weil die Menschen infiziert werden und ImmunitĂ€t entwickeln. Aber was passiert mit nachlassender ImmunitĂ€t?“ sagte Osterholm.

Konzentrieren Sie sich auf die Schwachen

Viele Ă€ltere Menschen und Personen mit schwachem Immunsystem bleiben anfĂ€llig fĂŒr das Virus. Die Rate der Krankenhausaufenthalte und TodesfĂ€lle durch Covid ist laut CDC-Daten bei den ĂŒber 65-JĂ€hrigen seit April trotz hoher Impfraten in dieser Altersgruppe gestiegen.

Jennifer Nuzzo, eine Epidemiologin an der Brown University School of Public Health, sagte, sie mache sich Sorgen um Ă€ltere Menschen und Menschen mit schwachem Immunsystem, die in Bezug auf ihre Impfstoffe im Herbst nicht auf dem neuesten Stand sind. Nuzzo sagte, die Reaktion der öffentlichen Gesundheit in diesem Herbst sollte sich darauf konzentrieren, sicherzustellen, dass diese Menschen geschĂŒtzt sind.

„Ich mache mir Sorgen, dass unsere BemĂŒhungen nur verwĂ€ssert und auf verschiedene Bereiche verteilt werden, wenn wir das nicht ganz oben auf unsere Liste setzen“, sagte Nuzzo. „Wenn wir nicht sicherstellen, dass die Menschen mit dem höchsten Risiko vollstĂ€ndig geschĂŒtzt sind, werden wir die TodesfĂ€lle sehen, und das ist das Wichtigste, was wir versuchen könnten zu verhindern.“

Obwohl 92 % der ĂŒber 65-JĂ€hrigen die ersten beiden Dosen des Impfstoffs erhalten haben, sind viele von ihnen mit ihren Auffrischungsimpfungen nicht auf dem Laufenden geblieben. UngefĂ€hr 70 % erhielten ihre dritte Dosis und nur 40 % haben ihre vierte Injektion erhalten, seit die FDA sie im Februar genehmigt hat.

Menschen ab 50 Jahren, die eine zweite Auffrischungsdosis erhielten, starben laut CDC-Daten 14-mal seltener an Covid als Ungeimpfte und dreimal seltener als Menschen, die eine Auffrischungsdosis erhielten.

Dr. Paul Offit, Experte fĂŒr Infektionskrankheiten am Children’s Hospital Philadelphia, sagte, dass Menschen ab 75 Jahren, Menschen mit schweren Erkrankungen und Menschen mit geschwĂ€chtem Immunsystem derzeit am meisten von einer Auffrischung profitieren wĂŒrden. Laut CDC sind die TodesfĂ€lle durch Covid insbesondere bei Menschen ab 75 Jahren gestiegen.

Die CDC hat auch betont, wie wichtig es ist, Therapeutika einzusetzen, um Menschen zu schĂŒtzen, die selbst mit einer Impfung einfach keine starke Immunantwort auf das Virus aufbauen können. Laut einer 2016 im Journal of the American Medical Association veröffentlichten Umfrage haben fast 3 % der Erwachsenen in den USA ein geschwĂ€chtes Immunsystem oder etwa 7 Millionen Menschen ab 18 Jahren.

Die CDC hat die Bedeutung der Verabreichung einer in der Erprobung befindlichen Antikörpertherapie namens Evusheld fĂŒr Personen ab 12 Jahren mit mĂ€ĂŸig und stark geschwĂ€chtem Immunsystem betont. Evusheld wird laut FDA als zwei Injektionen vor der Covid-Infektion alle sechs Monate verabreicht, um schwere Krankheiten zu verhindern. Nach Angaben des Gesundheits- und Sozialministeriums wurden bisher jedoch nur 450.000 Kurse des Arzneimittels durchgefĂŒhrt.

„Das Ziel, das wir hier fĂŒr dieses Jahr, nĂ€chstes Jahr, fĂŒnf Jahre und zehn Jahre spĂ€ter vorantreiben, ist der Schutz der Verwundbaren“, sagte Offit.

Categories
Entertainment

Jordana Brewster’s Wedding ceremony Honors Quick & Livid & Paul Walker

Jordan Brewster is remarried and their wedding is over Bricklayer Morfit will make your heart beat faster.

The two married after a year-long engagement, their rep confirmed to E! News. On September 3, the couple wed in Santa Barbara, California, in a ceremony that paid tribute to Universal Pictures’ Fast & Furious film series, which brought the actress international fame, as well as her late co-star. Paul Walker.

The event included a display of cars featured in the films. Jordana, 42, Mason, 46, and the newlyweds later drove away in a blue ’90s Acura Integra GS-R that their character had seen alongside Paul in the 2001 original film, The Fast and the Furious. An image of the actors in their driving scene was placed on the driver’s side window.

Paul’s daughter meadow runner23, was among the wedding guests, as was Jordana’s Fast & Furious onscreen brother Vin Diesel and co-star Ludacris.

“Happy birthday to my sister Jordana @jordanabrewster & Mason @gmmorfit,” Meadow wrote on Instagram, alongside a video of herself sitting outdoors at the reception. “The most beautiful festival of love. I clearly had a great time. I love you so much. Family forever.”

Categories
Science

Why the renewable vitality transition is failing – Watt with it?

Essay by Eric Worrall

h/dM; The Wall Street Journal blasts claims that the transition to renewable energy will lower prices or is even possible.

Why the energy transition will fail

New report highlights staggering cost of green ‘delusions’

By James Freeman
Aug. Feb. 26, 2022 4:50 p.m. ET

In a new report from the Manhattan Institute, due next week, Mark Mills takes on the “dangerous illusion” of a global energy transition that eliminates fossil fuel use. Mr. Mills examines energy markets and public policies around the world and asks readers: “consider that years of hypertrophied rhetoric and trillions of dollars in transition spending and subsidies have not significantly changed the energy landscape.‘ He states:

Claims that wind, sun and [electrical vehicles] have achieved cost parity with conventional energy sources or means of transport are not demonstrable. Even ahead of the recent bout of rising energy prices, Germany and the UK – both further down the road to grid conversion than the US – have seen Average electricity prices have increased by 60-110% over the past two decades. The same pattern is evident in Australia and Canada. This is also evident in US states and regions where mandates have resulted in grids with a higher share of wind/solar power. In general, US residential electricity costs have increased overall over the past 20 years. but these rates should have fallen because of the collapse in natural gas and coal prices– the two energy sources that together provided almost 70% of the electricity during this period. Instead, interest rates have been pushed up Thanks to increased spending on the otherwise unneeded infrastructure required to transmit wind/solar power, as well as the increased cost of keeping lights on during wind and solar “droughts” resulting from the deployment of conventional power plants (such as additional, fully fueled, parked and ready to drive car) by spending on two networks.

President Joe Biden is unlikely to listen to such a statement and who knows if he would even understand it. But the reality is going nowhere.

Read more: https://www.wsj.com/articles/why-the-energy-transition-will-fail-11661547051

The Wall Street Journal also discusses the cost differences between battery energy storage and a bulldozer-built coal pile.

With the numbers so obviously suggesting that renewable energy is a non-starter, why do green advocates keep claiming the numbers add up?

The answer seems to be blind faith and optimism. The numbers aren’t accurate at the moment, but they expect prices to continue falling the way prices have fallen over the past decade. From the United Nations;

Declining clean energy costs present an opportunity to drive climate action in COVID-19 recovery packages

06/10/2020 PRESS RELEASE ENERGY

The all-in or leveled electricity costs for wind and sun continue to fall thanks to technological improvements, economies of scale and fierce competition at auctions. Cost of electricity from new solar photovoltaic systems in the second half of 2019 83 percent lower than a decade earlier.

“If governments benefit from it the constantly falling prices for renewable energies By putting clean energy at the heart of the economic recovery from COVID-19, they can take a big step toward a healthy natural world, which is the best insurance policy against global pandemics,” Andersen said.

Read more: https://www.unep.org/news-and-stories/press-release/falling-clean-energy-costs-provide-opportunity-boost-climate-action

These otherwise smart folks have drawn a nice curve on their charts where they’ve achieved the 83 percent cost reduction over the past decade. Some of them expect this exponential looking curve to continue indefinitely, giving us the “ever falling price of renewable energy”.

Moore’s law and renewable energy

through Bill Spindle | July 27, 2021

To date, renewable energy has benefited from something akin to Moore’s Law — as it grew exponentially and became cheaper, leading to faster growth — a virtuoso cycle. As more grid-scale battery storage comes online and provides stability for wind and solar power, batteries will also become cheaper.

The trend has enticed a variety of companies to jump in – from the conservative city of Georgetown, Texas, which gets 100% of its electricity from renewable sources, to the tech giant Microsoft Corp., which aims to achieve carbon negativity by 2030 through a combination of renewables energies and carbon removal technologies.

But the road may not be as smooth as goals and objectives suggest. Recently, New York State officials unveiled a new goal of carbon neutrality by 2050 and pledged a fully decarbonized power system. But shortly thereafter, the New York Independent Systems Operator (NYISO), the agency responsible for operating the state’s power grid, issued a statement saying a 70% renewable power system by 2030 was “very feasible,” but not that one Coming from 100% renewable sources will require it Technology that doesn’t exist yet.

Read more (registration required): https://www.climateandcapitalmedia.com/moores-law-and-renewable-energy/

One of the first things I learned about statistics is that extrapolation, extending the trendline beyond the data, is risky. You can fit a naĂŻve trendline to rising stock prices and the extrapolation will tell you that anytime is a good time to buy. The crash, when it occurs, is an unexpected deviation from the naively extrapolated trend.

Yet the people driving renewable energy, rather than waiting for the data to catch up with the trendline, are urging the entire world to bet the future of all of us on their belief that the cost of renewable energy will “always go down.” , will continue to fall at a rate comparable to that of the last decade.

And if costs don’t come down as planned, there’s still the possibility of endlessly throwing government money into the development of “technology that doesn’t exist yet,” David Attenborough’s Renewable Apollo Project.

Imagine that in a hundred years. Future historians will surely see this trillion-dollar global game on “technology that doesn’t exist yet,” this blind reliance on trend lines, as an outbreak of mass hysteria that will be difficult for them to explain.

Think of the actual Apollo project. NASA didn’t get directly involved in building the moon launcher, they built prototype after prototype, like Project Mercury. Each prototype was a stepping stone, providing insights that enabled the next step.

Personally, I’d rather wait until the “technology that doesn’t exist yet” is at least at the prototyping stage before betting everything on a green transition, which probably isn’t possible.

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