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I WISH I FOLLOW SOONER $RYCEF
rycef /\ 52 wk pps /\ 52WK RANGE 1.26 - 4.12
surprising only trades otcpinks /\ 02-12-2024
RYCEF
Rolls Royce Holding PLC (PK)
6.93
0.375 (5.72%)
Volume: 126,631
Day Range: 6.859 - 6.9624
Last Trade Time: 4:00:26 PM EDT
in the making
#2 FORD
September 18 2024 - 8:30AM
PR Newswire (US)
Alert
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New Tech Firm Formed by Automakers to Help Manage Flow of Data, Energy Between EVs and Power Grid
NEW YORK, Sept. 18, 2024 /PRNewswire/ -- BMW, Ford and Honda have begun operations of the new joint venture that they announced last year and have appointed the first CEO and CTO. ChargeScape is a software platform that integrates electric vehicles (EVs) into the power grid, shoring up grid stability while saving drivers money on their charging.
The announcement underscores that automakers remain committed to EVs – including plug-in hybrids – and are focused on reducing the total cost of ownership for their customers.
As more Americans switch to EVs, cheaper fueling costs have become top-of-mind for drivers, particularly while charging at home where 80% of EV charging occurs according to U.S. Department of Energy estimates. At the same time, the nation's power grids have come under increasing strain due to electricity demand from data centers and the intermittent nature of renewables.
To meet these needs, ChargeScape's technology wirelessly connects to electric vehicles and, working with participating utilities, manages the flow of electrons in line with real-time grid conditions, temporarily reducing demand when the grid is constrained through smart charging (V1G) and even sending energy back into the power grid when needed (V2G). EV drivers have the potential to be rewarded financially for their flexibility and always have their vehicle charged by the time they specify.
ChargeScape builds off of the early success of these automakers' work on smart charging through the Open Vehicle-Grid Integration Platform (OVGIP), which counts multi-state utilities such as Duke Energy, Xcel Energy and Eversource Energy as clients.
Board Names Two Key Leadership Appointments
Following the official launch of the joint venture, BMW, Ford and Honda announced the appointment of ChargeScape's first CEO, Joseph Vellone.
Bringing 15 years of experience in the energy and climate sectors, Vellone was most recently part of the founding team at software start-up ev.energy, where he launched and grew the company's North America business to include over a dozen utilities and 150,000 EVs.
"Joseph's leadership and track record operating cleantech start-ups is precisely what we need to make ChargeScape a success," said current ChargeScape Board Chairman Shaun Bugbee of BMW.
Before joining ev.energy, Vellone worked as a management consultant at the Boston Consulting Group (BCG), where he was part of the firm's energy and environment practice. He is a graduate of Princeton University and the London School of Economics. While in high school, his student research on hydrogen fuel cells was recognized with honors from Congress and the White House.
"The U.S. has set ambitious targets for renewable energy deployment and EV adoption, and ChargeScape is here to bridge that gap between supply and demand of electricity," said Vellone. "We want to transform EVs from a liability into an asset for the power grid and help deliver a clean transportation future for our country."
Newly appointed ChargeScape Chief Technology Officer (CTO) Kalidindi Raju has over 15 years of experience leading high-performing technology organizations and is a recognized leader in cloud architecture, artificial intelligence, machine learning, analytics, data engineering and product development. He previously held senior leadership positions at Amazon, OATI and other technology companies.
Raju holds a Master of Business Administration from Texas A&M International and a bachelor's degree in computer science and engineering from the National Institute of Technology, Rourkela (India).
"Although the vehicle-grid integration market is expected to be highly competitive, our partnerships with the world's largest automakers gives us a significant edge. With direct access to the vehicles, we enable utilities to optimize EV charging securely and reliably," said Raju. "We plan to fully leverage this key advantage."
#2 FORD
September 18 2024 - 8:30AM
PR Newswire (US)
Alert
Print
Share On Facebook
New Tech Firm Formed by Automakers to Help Manage Flow of Data, Energy Between EVs and Power Grid
NEW YORK, Sept. 18, 2024 /PRNewswire/ -- BMW, Ford and Honda have begun operations of the new joint venture that they announced last year and have appointed the first CEO and CTO. ChargeScape is a software platform that integrates electric vehicles (EVs) into the power grid, shoring up grid stability while saving drivers money on their charging.
The announcement underscores that automakers remain committed to EVs – including plug-in hybrids – and are focused on reducing the total cost of ownership for their customers.
As more Americans switch to EVs, cheaper fueling costs have become top-of-mind for drivers, particularly while charging at home where 80% of EV charging occurs according to U.S. Department of Energy estimates. At the same time, the nation's power grids have come under increasing strain due to electricity demand from data centers and the intermittent nature of renewables.
To meet these needs, ChargeScape's technology wirelessly connects to electric vehicles and, working with participating utilities, manages the flow of electrons in line with real-time grid conditions, temporarily reducing demand when the grid is constrained through smart charging (V1G) and even sending energy back into the power grid when needed (V2G). EV drivers have the potential to be rewarded financially for their flexibility and always have their vehicle charged by the time they specify.
ChargeScape builds off of the early success of these automakers' work on smart charging through the Open Vehicle-Grid Integration Platform (OVGIP), which counts multi-state utilities such as Duke Energy, Xcel Energy and Eversource Energy as clients.
Board Names Two Key Leadership Appointments
Following the official launch of the joint venture, BMW, Ford and Honda announced the appointment of ChargeScape's first CEO, Joseph Vellone.
Bringing 15 years of experience in the energy and climate sectors, Vellone was most recently part of the founding team at software start-up ev.energy, where he launched and grew the company's North America business to include over a dozen utilities and 150,000 EVs.
"Joseph's leadership and track record operating cleantech start-ups is precisely what we need to make ChargeScape a success," said current ChargeScape Board Chairman Shaun Bugbee of BMW.
Before joining ev.energy, Vellone worked as a management consultant at the Boston Consulting Group (BCG), where he was part of the firm's energy and environment practice. He is a graduate of Princeton University and the London School of Economics. While in high school, his student research on hydrogen fuel cells was recognized with honors from Congress and the White House.
"The U.S. has set ambitious targets for renewable energy deployment and EV adoption, and ChargeScape is here to bridge that gap between supply and demand of electricity," said Vellone. "We want to transform EVs from a liability into an asset for the power grid and help deliver a clean transportation future for our country."
Newly appointed ChargeScape Chief Technology Officer (CTO) Kalidindi Raju has over 15 years of experience leading high-performing technology organizations and is a recognized leader in cloud architecture, artificial intelligence, machine learning, analytics, data engineering and product development. He previously held senior leadership positions at Amazon, OATI and other technology companies.
Raju holds a Master of Business Administration from Texas A&M International and a bachelor's degree in computer science and engineering from the National Institute of Technology, Rourkela (India).
"Although the vehicle-grid integration market is expected to be highly competitive, our partnerships with the world's largest automakers gives us a significant edge. With direct access to the vehicles, we enable utilities to optimize EV charging securely and reliably," said Raju. "We plan to fully leverage this key advantage."
fight fight fight
fight fight fight
fight fight fight
timing is everything
you never know , anything can happen. good product.
you never know , anything can happen. good product.
DRCR
Dear Cashmere Holding Company (PK)
0.189
0.0416 (28.22%)
Volume: 180,663
Day Range: 0.1651 - 0.19
Bid: 0.1611
Ask: 0.189
Last Trade Time: 9:43:31 AM EDT
Total Trades: 32
MARKETS NOT CHATTING ON MUSK MOVE SO FAR. $F
The presidential stage
The unsubstantiated claims about migrants eating went even more mainstream during the second presidential debate on Aug. 10, when Trump faced off against Kamala Harris for the first time.
Within minutes of the debate kicking off, Trump pushed the pet-eating claim and said Harris and Biden were to blame for “our country being lost” by allowing migrants in.
“In Springfield, they’re eating the dogs, the people that came in, they’re eating the cats, they’re eating the pets of the people that live there, and this is what’s happening in our country, and it’s a shame,” he said.
Harris laughed off Trump’s comments, while debate moderator David Muir repeated statements from Springfield officials saying there were no reports of pets being harmed by migrants.
Springfield has long been a largely white city — 70% of residents were white as of 2022, according to Data US, compared to 17% black, and 5% reported being Hispanic.
But that white majority has been declining over the last 10 years — slowly but steadily — while minorities have been growing.
Some social media commenters have said the claims of Haitian immigrants eating pets are nothing more than racist, xenophobic responses to Springfield’s shifting demographics.
“This is the same old anti-black playbook that we’ve seen for hundreds of years in Ohio being rolled out to divide and create hate, especially around election times,” Erik Crew, an attorney for the Haitian Bridge Alliance, told the Hill.
“White supremacist and anti-democratic movements have always used the claim that so-called black savages are coming to destroy, especially when political power is up for grabs. This is no different.”
Scores of blatantly racist memes have cropped up on the heels of the pet-eating claims, including one that shows shirtless black people chasing Trump as he flees with ducks and kittens under his arms.
The real migrant concerns in Springfield, Ohio
‘They’re in the park grabbing up ducks’
The craze began with an August meeting of the Springfield City Commission, where a 28-year-old man claimed — without evidence — that Haitian migrants were beheading ducks at local parks and taking them home to eat.
“They’re in the park grabbing up ducks by they neck and cutting they head off and walking up with them and eating them,” the man said, imploring the commission to rein in the migrants.
Another woman at a previous meeting said she’d seen migrants field-dressing roadkill on the side of the highway, and snatching park birds to cook up in “some barbaric stew.”
"My father and I are now estranged, but I did know him in my very, very young years. When he immigrated, he was one person, and they weren't sending thousands of Haitians to one area... he said that the majority of the island does practice voodoo," the woman, who is believed to have been born in the United States, says.
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In the video, the woman goes on to say that Haitians eat cats for two reasons -- survival and animal sacrifices for their religion.
"This is the poorest country in the Western hemisphere. You can't just go to a food bank like you can here (in the US)... People in the US have a really hard time imagining that type of thing, but it is true. Second, they do animal sacrifices for their religion, voodoo. They make these animal sacrifices to these gods for different reasons," she further says.
Defending Donald Trump, the woman says it "is not racist" to acknowledge the problem. "You all just want to joke about Trump and say that he's crazy for saying that this is happening instead of actually checking at all to see if this is happening," she says.
The matter came to the limelight after Trump claimed during his debate with Democratic presidential nominee Kamala Harris that illegal Haitian immigrants in Ohio were "eating dogs and pets".
However, he was immediately fact-checked in real time by the debate moderator, who said there was no proof of that.
"In Springfield, they are eating the dogs -- the people that came in -- they are eating the cats," Trump said during the debate's segment on his favourite topic of immigration.
"They are eating the pets of the people that live there, and this is what's happening in our country, and it's a shame," he ranted.
Harris, who is also the incumbent US Vice President, criticised Trump's rhetoric as extreme and unsubstantiated.
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Published By:
Abhishek De
Published On:
Sep 13, 2024
Trending Reel
The Persistence of Folk Belief: Some Notes on Cannibalism and Zombis in Haiti
Erika Bourguignon
The Journal of American Folklore
Vol. 72, No. 283 (Jan. - Mar., 1959), pp. 36-46 (11 pages)
Published By: American Folklore Society
Content source
https://doi.org/10.2307/538386
https://www.jstor.org/stable/538386
Cite
Haitian-descent woman describes reasons why Haitians eat cats
Also speaks about the voodoo practices in Haiti
Trump recently claimed illegal Haitian immigrants in Ohio were eating pets
Tech titan Elon Musk has shared a TikTok video featuring an allegedly Haitian-descent woman describing reasons why Haitians eat cats. The post by Musk, who has endorsed Donald Trump for the US presidential election, comes as several media outlets are fact-checking claims made by the Republican that illegal immigrants from Haiti were eating pets in an Ohio city.
The woman, who goes by the name Rebekah Faidia on TikTok, also speaks about the voodoo practices in Haiti, describing them as "truly demonic". The woman said her father immigrated from Haiti to the United States in the late 1960s as a teenager.
02 THIS TRUE. ILLEGALS ARE DOING THIS & HUMANS.
The Federal Reserve is in the news as its rate hiking farce has come to its predictable end.
With any discussion about the Fed and central banks, it is essential to keep the basics in mind.
You have to start with the most fundamental concept here: central planning doesn’t work. That’s the first principle.
Central planning of shoes doesn’t work. Central planning of wheat doesn’t work, and central planning of (fake) money doesn’t work.
Central banks in general—and the Fed in particular—are on a mission impossible. They don’t know what the interest rate should be. Nobody does. That’s an exclusive function of a voluntary market of savers and borrowers.
A politburo can’t centrally plan interest rates any more than they can potatoes. They’re inevitably going to fail and cause significant damage.
It’s also important to remember central banks have NOTHING to do with the free market. They’re actually the antithesis of the free market.
In Karl Marx’s Communist Manifesto, central banking is the 5th plank.
The lying media portrays central bankers as selfless bureaucrats who are just trying to save the economy. It’s a load of BS. Central bankers are the enemy of the average person.
Now, back to the rate hiking charade.
The Federal Reserve is in the news as its rate hiking farce has come to its predictable end.
With any discussion about the Fed and central banks, it is essential to keep the basics in mind.
You have to start with the most fundamental concept here: central planning doesn’t work. That’s the first principle.
Central planning of shoes doesn’t work. Central planning of wheat doesn’t work, and central planning of (fake) money doesn’t work.
Central banks in general—and the Fed in particular—are on a mission impossible. They don’t know what the interest rate should be. Nobody does. That’s an exclusive function of a voluntary market of savers and borrowers.
A politburo can’t centrally plan interest rates any more than they can potatoes. They’re inevitably going to fail and cause significant damage.
It’s also important to remember central banks have NOTHING to do with the free market. They’re actually the antithesis of the free market.
In Karl Marx’s Communist Manifesto, central banking is the 5th plank.
The lying media portrays central bankers as selfless bureaucrats who are just trying to save the economy. It’s a load of BS. Central bankers are the enemy of the average person.
Now, back to the rate hiking charade.
ACTION COMING
NO, JUST INVESTOR
NO, JUST INVESTOR
https://www.tamparacing.com/forums/green-motoring/850235-sudden-ev-explosion-rockets-up-5-meters-close-100-byd-autos-spontaneously-combu.html
FORD PROBLEM ????? ELON WILL MAKE'EM RIGHT
'First Irish case' of death by spontaneous combustion
BBC
https://www.bbc.com › news › world-europe-15032614
Sep 23, 2011 — A man who burned to death in his home died as a result of spontaneous combustion, an Irish coroner has ruled.
Missing: Escort ?| Show results with: Escort
Spontaneous Human Combustion: 5 apparent instances ...
The Independent
https://www.the-independent.com › ... › Features
Nov 5, 2015 — SHC is used to describe instances when a human – either living or recently dead – seems to burst into flames without an external source of ignition.
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Spontaneous Human Combustion and Preternatural ...
Scholarly Commons: Northwestern Pritzker School of Law
https://scholarlycommons.law.northwestern.edu › ...
PDF
by L Adelson · 1952 · Cited by 5 — Spontaneous human combustion is that phenomenon wherein the body takes fire without an outside source of heat and is rapidly reduced to a handful of greasy ...
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Why a Woman in Germany Just Spontaneously Combusted
VICE
https://www.vice.com › article › why-a-woman-in-germ...
Nov 5, 2015 — SHC was then popularized in the 1853 Charles Dickens novel Bleak House, in which one of the novel's central characters spontaneously combusts.
Missing: Escort ?| Show results with: Escort
Materials that may catch fire by spontaneous combustion are:
Rags and waste with oil and paint residues
Towels and linen, during laundering and drying
Paint overspray or material from a paint spray booth
Coal
Haystacks
Green waste piles and compost
A number of chemical substances, such as cellulose nitrate
Spontaneous combustion occurs when a combustible material is heated to its ignition temperature by a chemical reaction involving the oxygen in the air (oxidation). The oxidation of the combustible material creates heat. If this heat cannot be dissipated, it will build up in the combustible material until ignition occurs. Generally, the build up of heat to ignition point occurs when the material is bunched up or in a pile preventing the heat being generated from adequately escaping.
For ignition to occur, the rate of air movement must be sufficient to provide enough oxygen for the oxidation reaction but not so fast as to stop the material heating to its ignition temperature. Since the balance of oxygen flow and heat loss needs to be carefully balanced, spontaneous combustion is not common but is still a risk that needs to be managed Some businesses have had unsafe work practices for many years before they have a fire caused by spontaneous combustion.
The possibility of spontaneous combustion is greater if the surrounding air is warm and dry – as in the Adelaide summer. Preheating the material can initiate the oxidation reaction that leads to spontaneous ignition, or can hasten ignition by adding even more heat to the combustible material.
The spontaneous combustion of oil-soaked rags is not as common as it used to be because of the popularity of acrylic paints that do not require the use of ‘drying oils’ such as linseed oil. However, the problem still occurs with oil-based paints and some timber stains and polishes. Linseed oil is the most common example of a ‘drying oil’ but rapeseed, cottonseed, peanut, corn oil and safflower oil may also self-heat.
Fish oils are notorious for their self-heating properties. Mineral oils like white spirit, mineral turpentine or lubricating oil are not prone to self-heating and will not cause spontaneous combustion.
It is simple to prevent spontaneous combustion since oxygen is needed for it to occur. Materials subject to spontaneous combustion should be stored in sealed metal containers such as a safety can or rubbish bin. The container will contain oxygen at first, but the oxidation process will soon use this up and the process will stop.
Rags impregnated with linseed or other drying materials should either be immersed in water and spread out flat in a safe place to dry, immediately after use. If it is necessary to transport oil or paint-soaked rags, they should be sealed in metal containers.
Fires in commercial laundry facilities (and sometimes also in hospitals and laundromats) have been attributed to the spontaneous ignition of cotton or linen that has been dried and then either stacked while still hot or dumped into bins without cooling. If the materials are stacked or binned at high enough temperatures (above 90 degrees Celsius), the heat accumulated in the centre of the pile may be enough to trigger spontaneous ignition of the cotton materials. Materials must always be put through a cooling cycle in the dryer, or spread in single layers to cool completely before folding or stacking.
If towels and linen that contain oil (such as cooking oils or the oils from physiotherapy or massage clinics) are sent for laundering, a residue of oil may remain after the laundering process. The heating and drying after laundering may cause this residue to self-heat and spontaneously combustion. Reduce the risk by laundering with plenty of detergent and using a hot water temperature for the wash. Once again the linen must be put through a cooling cycle in the dryer or spread in single layers to cool completely before folding or stacking.
For further advice:
Email: mfs.communitysafety@eso.sa.gov.au
Phone: (08) 8204 3611
Country Callers: 1300 737 637
Self-Heating and Spontaneous Combustion
Metropolitan Fire Service
https://mfs.sa.gov.au › community › fact-sheet-pages › s...
Spontaneous combustion occurs when a combustible material is heated to its ignition temperature
by a chemical reaction involving the oxygen in the air ( ...
Missing: Escort ?| Show results with: Escort
https://www.google.com/search?q=Escort+spontaneously+combusted.&rlz=1C1UEAD_enUS1123US1123&oq=Escort+spontaneously+combusted.&gs_lcrp=EgZjaHJvbWUyBggAEEUYOdIBCTk2ODZqMGoxNagCCLACAQ&sourceid=chrome&ie=UTF-8
FORD \\// Employees 177000, PLUS 6% DIVY
HOW COME YOU DID NOT MENTION $TSLA WAS MERGING INTO FORD,
WHEN MUSK SAID HE WAS MERGING WITH FORD ?????
#3 FORD
About ChargeScape
ChargeScape is a technology company that connects electric utilities, automakers and electric vehicle drivers using software. From its offices in New York, ChargeScape helps stabilize electrical grids by optimizing the flow of electrons into and out of EV batteries and helps EV drivers save money on their charging through cash-back and other incentives. The company counts BMW, Ford and Honda as investors, with additional automakers set to join in the coming months.
BMW Group in America
BMW of North America, LLC has been present in the United States since 1975. Rolls-Royce Motor Cars NA, LLC began distributing vehicles in 2003. The BMW Group in the United States has grown to include marketing, sales, and financial service organizations for the BMW brand of motor vehicles, including motorcycles, the MINI brand, and Rolls-Royce Motor Cars; Designworks, a strategic design consultancy based in California; a technology office in Silicon Valley, and various other operations throughout the country. BMW Manufacturing Co., LLC in South Carolina is the BMW Group global center of competence for BMW X models and assembles the X3, X4, X5, X6 and X7 Sports Activity Vehicles as well as the BMW XM. The BMW Group sales organization is represented in the U.S. through networks of 350 BMW passenger car and BMW Sports Activity Vehicle centers, 144 BMW motorcycle retailers, 104 MINI passenger car dealers, and 38 Rolls-Royce Motor Car dealers. BMW (US) Holding Corp., the BMW Group's sales headquarters for North America, is located in Woodcliff Lake, New Jersey.
About Ford Motor Company
Ford Motor Company (NYSE: F) is a global company based in Dearborn, Michigan, committed to helping build a better world, where every person is free to move and pursue their dreams. The company's Ford+ plan for growth and value creation combines existing strengths, new capabilities and always-on relationships with customers to enrich experiences for customers and deepen their loyalty. Ford develops and delivers innovative, must-have Ford trucks, sport utility vehicles, commercial vans and cars and Lincoln luxury vehicles, along with connected services. The company does that through three customer-centered business segments: Ford Blue, engineering iconic gas-powered and hybrid vehicles; Ford Model e, inventing breakthrough electric vehicles along with embedded software that defines exceptional digital experiences for all customers; and Ford Pro, helping commercial customers transform and expand their businesses with vehicles and services tailored to their needs. Additionally, Ford provides financial services through Ford Motor Credit Company. Ford employs about 175,000 people worldwide. More information about the company and its products and services is available at corporate.ford.com.
About Honda's Commitment to the Environment
Honda is working toward its global goal of zero environmental impact by 2050 through its "Triple Action to Zero" approach, including achieving carbon neutrality for all products and corporate activities, 100% utilization of renewable energy, and resource circulation, utilizing 100% sustainable materials by reprocessing products back to raw materials and reusing those materials in the creation of new products. Toward this goal, Honda will strive to make battery-electric and fuel cell electric vehicles represent 100% of auto sales in the U.S. and globally by 2040.
To reduce the environmental impact of its business operations, Honda also is offsetting CO2 emissions from its North American manufacturing operations through long-term virtual power purchase agreements (VPPAs) for renewable wind and solar power that seek to cover more than 60% of the electricity Honda uses in North America. Honda also promotes environmentally responsible business practices with its suppliers and retail dealer partners across North America. Learn more at https://csr.honda.com/environment/na-environmental-report/.
#2-A FORD
September 18 2024 - 8:30AM
PR Newswire (US)
Alert
Print
Share On Facebook
New Tech Firm Formed by Automakers to Help Manage Flow of Data, Energy Between EVs and Power Grid
NEW YORK, Sept. 18, 2024 /PRNewswire/ -- BMW, Ford and Honda have begun operations of the new joint venture that they announced last year and have appointed the first CEO and CTO. ChargeScape is a software platform that integrates electric vehicles (EVs) into the power grid, shoring up grid stability while saving drivers money on their charging.
The announcement underscores that automakers remain committed to EVs – including plug-in hybrids – and are focused on reducing the total cost of ownership for their customers.
As more Americans switch to EVs, cheaper fueling costs have become top-of-mind for drivers, particularly while charging at home where 80% of EV charging occurs according to U.S. Department of Energy estimates. At the same time, the nation's power grids have come under increasing strain due to electricity demand from data centers and the intermittent nature of renewables.
To meet these needs, ChargeScape's technology wirelessly connects to electric vehicles and, working with participating utilities, manages the flow of electrons in line with real-time grid conditions, temporarily reducing demand when the grid is constrained through smart charging (V1G) and even sending energy back into the power grid when needed (V2G). EV drivers have the potential to be rewarded financially for their flexibility and always have their vehicle charged by the time they specify.
ChargeScape builds off of the early success of these automakers' work on smart charging through the Open Vehicle-Grid Integration Platform (OVGIP), which counts multi-state utilities such as Duke Energy, Xcel Energy and Eversource Energy as clients.
Board Names Two Key Leadership Appointments
Following the official launch of the joint venture, BMW, Ford and Honda announced the appointment of ChargeScape's first CEO, Joseph Vellone.
Bringing 15 years of experience in the energy and climate sectors, Vellone was most recently part of the founding team at software start-up ev.energy, where he launched and grew the company's North America business to include over a dozen utilities and 150,000 EVs.
"Joseph's leadership and track record operating cleantech start-ups is precisely what we need to make ChargeScape a success," said current ChargeScape Board Chairman Shaun Bugbee of BMW.
Before joining ev.energy, Vellone worked as a management consultant at the Boston Consulting Group (BCG), where he was part of the firm's energy and environment practice. He is a graduate of Princeton University and the London School of Economics. While in high school, his student research on hydrogen fuel cells was recognized with honors from Congress and the White House.
"The U.S. has set ambitious targets for renewable energy deployment and EV adoption, and ChargeScape is here to bridge that gap between supply and demand of electricity," said Vellone. "We want to transform EVs from a liability into an asset for the power grid and help deliver a clean transportation future for our country."
Newly appointed ChargeScape Chief Technology Officer (CTO) Kalidindi Raju has over 15 years of experience leading high-performing technology organizations and is a recognized leader in cloud architecture, artificial intelligence, machine learning, analytics, data engineering and product development. He previously held senior leadership positions at Amazon, OATI and other technology companies.
Raju holds a Master of Business Administration from Texas A&M International and a bachelor's degree in computer science and engineering from the National Institute of Technology, Rourkela (India).
"Although the vehicle-grid integration market is expected to be highly competitive, our partnerships with the world's largest automakers gives us a significant edge. With direct access to the vehicles, we enable utilities to optimize EV charging securely and reliably," said Raju. "We plan to fully leverage this key advantage."
#2 FORD
September 18 2024 - 8:30AM
PR Newswire (US)
Alert
Print
Share On Facebook
New Tech Firm Formed by Automakers to Help Manage Flow of Data, Energy Between EVs and Power Grid
NEW YORK, Sept. 18, 2024 /PRNewswire/ -- BMW, Ford and Honda have begun operations of the new joint venture that they announced last year and have appointed the first CEO and CTO. ChargeScape is a software platform that integrates electric vehicles (EVs) into the power grid, shoring up grid stability while saving drivers money on their charging.
The announcement underscores that automakers remain committed to EVs – including plug-in hybrids – and are focused on reducing the total cost of ownership for their customers.
As more Americans switch to EVs, cheaper fueling costs have become top-of-mind for drivers, particularly while charging at home where 80% of EV charging occurs according to U.S. Department of Energy estimates. At the same time, the nation's power grids have come under increasing strain due to electricity demand from data centers and the intermittent nature of renewables.
To meet these needs, ChargeScape's technology wirelessly connects to electric vehicles and, working with participating utilities, manages the flow of electrons in line with real-time grid conditions, temporarily reducing demand when the grid is constrained through smart charging (V1G) and even sending energy back into the power grid when needed (V2G). EV drivers have the potential to be rewarded financially for their flexibility and always have their vehicle charged by the time they specify.
ChargeScape builds off of the early success of these automakers' work on smart charging through the Open Vehicle-Grid Integration Platform (OVGIP), which counts multi-state utilities such as Duke Energy, Xcel Energy and Eversource Energy as clients.
Board Names Two Key Leadership Appointments
Following the official launch of the joint venture, BMW, Ford and Honda announced the appointment of ChargeScape's first CEO, Joseph Vellone.
Bringing 15 years of experience in the energy and climate sectors, Vellone was most recently part of the founding team at software start-up ev.energy, where he launched and grew the company's North America business to include over a dozen utilities and 150,000 EVs.
"Joseph's leadership and track record operating cleantech start-ups is precisely what we need to make ChargeScape a success," said current ChargeScape Board Chairman Shaun Bugbee of BMW.
Before joining ev.energy, Vellone worked as a management consultant at the Boston Consulting Group (BCG), where he was part of the firm's energy and environment practice. He is a graduate of Princeton University and the London School of Economics. While in high school, his student research on hydrogen fuel cells was recognized with honors from Congress and the White House.
"The U.S. has set ambitious targets for renewable energy deployment and EV adoption, and ChargeScape is here to bridge that gap between supply and demand of electricity," said Vellone. "We want to transform EVs from a liability into an asset for the power grid and help deliver a clean transportation future for our country."
Newly appointed ChargeScape Chief Technology Officer (CTO) Kalidindi Raju has over 15 years of experience leading high-performing technology organizations and is a recognized leader in cloud architecture, artificial intelligence, machine learning, analytics, data engineering and product development. He previously held senior leadership positions at Amazon, OATI and other technology companies.
Raju holds a Master of Business Administration from Texas A&M International and a bachelor's degree in computer science and engineering from the National Institute of Technology, Rourkela (India).
"Although the vehicle-grid integration market is expected to be highly competitive, our partnerships with the world's largest automakers gives us a significant edge. With direct access to the vehicles, we enable utilities to optimize EV charging securely and reliably," said Raju. "We plan to fully leverage this key advantage."
September 18 2024 - 8:30AM
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New Tech Firm Formed by Automakers to Help Manage Flow of Data, Energy Between EVs and Power Grid
NEW YORK, Sept. 18, 2024 /PRNewswire/ -- BMW, Ford and Honda have begun operations of the new joint venture that they announced last year and have appointed the first CEO and CTO. ChargeScape is a software platform that integrates electric vehicles (EVs) into the power grid, shoring up grid stability while saving drivers money on their charging.
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The QualityStocks Daily Newsletter would like to spotlight Mullen Automotive Inc. (MULN).
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