SVB’s tech failings were a problem long before the bank run that led to its demise, critics say

  • March 12, 2023
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Nikolas Kokovlis | Nurphoto | Getty Images Silicon Valley Bank’s historic meltdown last week was largely attributed to deteriorating business conditions in the firm’s concentrated customer base and an ill-timed decision to invest billions of dollars in mortgage-backed securities. But long-time clients and others with intimate knowledge of how SVB operated say the bank did […]

Believe it or not, the Amish are loving electric bikes

  • March 12, 2023
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Electric bicycles have been finding favor in a growing number of communities. From hunters to surfers and even soldiers, e-bikes and their low-cost, far-reaching transportation options have permeated a surprising number of different groups and use cases. The latest community adopting e-bikes en masse may be even more of a surprise: the Amish. Amish communities, […]

Saudi oil giant Aramco posts record $161 billion profit for 2022

  • March 12, 2023
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The Aramco logo is displayed on a smartphone screen. Sopa Images | Lightrocket | Getty Images Saudi Arabia’s state-controlled oil giant Aramco on Sunday reported a record net income of $161.1 billion for 2022 — the largest annual profit ever achieved by an oil and gas company. Aramco said net income increased 46.5 percent over […]

Quick Charge Podcast: March 11, 2023

  • March 12, 2023
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Listen to a recap of the top stories of the day from Electrek. Quick Charge is available now on Apple Podcasts, Spotify, TuneIn and our RSS feed for Overcast and other podcast players. New episodes of Quick Charge are recorded Monday through Thursday and again on Saturday. Subscribe to our podcast in Apple Podcast or your favorite podcast player to guarantee […]

This insane Tesla Solar Roof earns the owner $350 per month

  • March 11, 2023
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This insane Tesla Solar Roof and Powerwall installation is earning the homeowner $350 per month as part of a virtual power plant. With this product, Tesla aims to offer a rooftop solar power option for new homes or homes that need a new roof soon. If you need a new roof and want solar power, […]

Tesla opens direct Powerwall orders again, don’t have to combine with solar

  • March 11, 2023
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Tesla has decided to open direct Powerwall orders again after previously only making the popular home battery pack available with a solar power system. Home battery packs have greatly gained in popularity in recent years. People have been looking for more energy security to counter power outages and to make better use of renewable energy, […]

So what’s the situation with EVs and solid state batteries already?

  • March 10, 2023
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Electrek spoke with Dr. Greg Hitz, founder and CTO at Beltsville, Maryland-based ION Storage Systems, about what solid state batteries are, why they’re considered the “unicorn” of battery technology, and why they have yet to hit the market, and how his company is working to move the needle. Electrek: Could you explain what solid state […]