Shanghai Electric Signs Agreement to Launch PEM Hydrogen Production Technology R&D Center, Empowering Green Hydrogen Development in China


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Shanghai Electric PEM Hydrogen R&D Center advances green hydrogen via PEM electrolysis, modular megawatt electrolyzers, zero carbon production, and full-chain industrial applications, accelerating decarbonization, clean energy integration, and hydrogen economy scale-up across China.

 

Key Points

A joint R&D hub advancing PEM electrolysis, modular megawatt systems, and green hydrogen industrialization.

✅ Megawatt modular PEM electrolyzer design and system integration

✅ Zero-carbon hydrogen targeting mobility, chemicals, and power

✅ Full-chain collaboration from R&D to EPC and demonstration projects

 

Shanghai Electric has reached an agreement with the Dalian Institute of Chemical Physics of the Chinese Academy of Sciences (the "Dalian Institute") to inaugurate the Proton Exchange Membrane (PEM) Hydrogen Production Technology R&D Center on March 4. The two parties signed a project cooperation agreement on Megawatt Modular and High-Efficiency PEM Hydrogen Production Equipment and System Development, marking an important step forward for Shanghai Electric in the field of hydrogen energy.

As one of China's largest energy equipment manufacturers, Shanghai Electric is at the forefront in the development of green hydrogen as part of China's clean energy drive. During this year's Two Sessions, the 14th Five-Year Plan was actively discussed, in which green hydrogen features prominently, and Shell's 2060 electricity forecast underscores the scale of electrification. With strong government support and widespread industry interest, 2021 is emerging as Year Zero for the hydrogen energy industry.

Currently, Shanghai Electric and the Dalian Institute have reached a preliminary agreement on the industrial development path for new energy power generation and electrolyzed water hydrogen production. As part of the cooperation, both will also continue to enhance the transformational potential of PEM electrolyzed water hydrogen production, accelerate the development of competitive PEM electrolyzed hydrogen products, and promote industrial applications and scenarios, drawing on projects like Japan's large H2 energy system to inform deployment. Moreover, they will continue to carry out in-depth cooperation across the entire hydrogen energy industry chain to accelerate overall industrialization.

Hydrogen energy boasts the biggest potential of all the current forms of clean energy, and the key to its development lies in its production. At present, hydrogen production primarily stems from fossil fuels, industrial by-product hydrogen recovery and purification, and production by water electrolysis. These processes result in significant carbon emissions. The rapid development of PEM water electrolysis equipment worldwide in recent years has enabled current technologies to achieve zero carbon emissions, effectively realizing green, clean hydrogen. This breakthrough will be instrumental in helping China achieve its carbon peak and carbon-neutrality goals.

The market potential for hydrogen production from electrolyzed water is therefore massive. Forecasts indicate that, by 2050, hydrogen energy will account for approximately 10% of China's energy market, with demand reaching 60 million tons and annual output value exceeding RMB 10 trillion. The Hydrogen: Tracking Energy Integration report released by the International Energy Agency in June 2020 notes that the number of global electrolysis hydrogen production projects and installed capacity have both increased significantly, with output skyrocketing from 1 MW in 2010 to more than 25 MW in 2019. Much of the excitement comes from hydrogen's potential to join the ranks of natural gas as an energy resource that plays a pivotal role in international trade, as seen in Germany's call for hydrogen-ready power plants shaping future power systems, with the possibility of even replacing it one day. In PwC's 2020 The Dawn of Green Hydrogen report, the advisory predicts that experimental hydrogen will reach 530 million tons by mid-century.

Shanghai Electric set its focus on hydrogen energy years ago, given its major potential for growth as one of the new energy technologies of the future and, in particular, its ability to power new energy vehicles. In 2016, the Central Research Institute of Shanghai Electric began to invest in R&D for key fuel cell systems and stack technologies. In 2020, Shanghai Electric's independently-developed fuel cell engine, which boasts a power capacity of 66 kW and can start in cold temperature environments of as low as -30°C, passed the inspection test of the National Motor Vehicle Product Quality Inspection Center. It adopts Shanghai Electric's proprietary hydrogen circulation system, which delivers strong power and impressive endurance, with the potential to replace gasoline and diesel engines in commercial vehicles.

As the technology matures, hydrogen has entered a stage of accelerated industrialization, with international moves such as Egypt's hydrogen MoU with Eni signaling broader momentum. Shanghai Electric is leveraging the opportunities to propel its development and the green energy transformation. As part of these efforts, Shanghai Electric established a Hydrogen Energy Division in 2020 to further accelerate the development and bring about a new era of green, clean energy.

As one of the largest energy equipment manufacturing companies in China, Shanghai Electric, with its capability for project development, marketing, investment and financing and engineering, procurement and construction (EPC), continues to accelerate the development and innovation of new energy. The Company has a synergistic foundation and resource advantages across the industrial chain from upstream power generation, including China's nuclear energy development efforts, to downstream chemical metallurgy. The combined elements will accelerate the pace of Shanghai Electric's entry into the field of hydrogen production.

Currently, Shanghai Electric has deployed a number of leading green hydrogen integrated energy industry demonstration projects in Ningdong Base, one of China's four modern coal chemical industry demonstration zones. Among them, the Ningdong Energy Base "source-grid-load-storage-hydrogen" project integrates renewable energy generation, energy storage, hydrogen production from electrolysis, and the entire industrial chain of green chemical/metallurgy, where applications like green steel production in Germany illustrate heavy-industry decarbonization.

In December 2020, Shanghai Electric inked a cooperation agreement to develop a "source-grid-load-storage-hydrogen" energy project in Otog Front Banner, Inner Mongolia. Equipped with large-scale electrochemical energy storage and technologies such as compressed air energy storage options, the project will build a massive new energy power generation base and help the region to achieve efficient cold, heat, electricity, steam and hydrogen energy supply.

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BWE - Wind power potential even higher than expected

German Wind Power 2030 Outlook highlights onshore and offshore growth, repowering, higher full-load hours, and efficiency gains. Deutsche WindGuard, BWE, and LEE NRW project 200+ TWh, potentially 500 TWh, covering rising electricity demand.

 

Key Points

Forecast: efficiency and full-load gains could double onshore wind to 200+ TWh; added land could lift output to 500 TWh.

✅ Modern turbines and repowering boost full-load hours and yields

✅ Onshore generation could hit 200+ TWh on existing areas by 2030

✅ Expanding land to 2% may enable 500 TWh; offshore adds more

 

Wind turbines have become more and more efficient over the past two decades, a trend reflected in Denmark's new green record for wind-powered generation.

A new study by Deutsche WindGuard calculates the effect on the actual generation volumes for the first time, underscoring Germany's energy transition balancing act as targets scale. Conclusion of the analysis: The technical progress enables a doubling of the wind power generation by 2030.

Progressive technological developments make wind turbines more powerful and also enable more and more full-load hours, with wind leading the power mix in many markets today. This means that more electricity can be generated continuously than previously assumed. This is shown by a new study by Deutsche WindGuard, which was commissioned by the Federal Wind Energy Association (BWE) and the State Association of Renewable Energies NRW (LEE NRW).

The study 'Full load hours of wind turbines on land - development, influences, effects' describes in detail for the first time the effects of advances in wind energy technology on the actual generation volumes. It can thus serve as the basis for further calculations and potential assessments, reflecting milestones like UK wind surpassing coal in 2016 in broader analyses.

The results of the investigation show that the use of modern wind turbines with higher full load hours alone on the previously designated areas could double wind power generation to over 200 terawatt hours (TWh) by 2030. With an additional area designation, generation could even be increased to 500 TWh. If the electricity from offshore wind energy is added, the entire German electricity consumption from wind energy could theoretically be covered, and renewables recently outdelivered coal and nuclear in Germany as a sign of momentum: The current electricity consumption in Germany is currently a good 530 TWh, but will increase in the future.

Christian Mildenberger, Managing Director of LEE NRW: 'Wind can do much more: In the past 20 years, technology has made great leaps and bounds. Modern wind turbines produce around ten times as much electricity today as those built at the turn of the millennium. This must also be better reflected in potential studies by the federal and state governments. '

Wolfram Axthelm, BWE Managing Director: 'We need a new look at the existing areas and the repowering. Today in Germany not even one percent of the area is designated for wind energy inland. But even with this we could cover almost 40 percent of the electricity demand by 2030. If this area share were increased to only 2 percent of the federal area, it would be almost 100 percent of the electricity demand! Wind energy is indispensable for a CO2-neutral future. This requires a clever provision of space in all federal states. '

Dr. Dennis Kruse, Managing Director of Deutsche WindGuard: 'It turns out that the potential of onshore wind energy in Germany is still significantly underestimated. Modern wind turbines achieve a significantly higher number of full load hours than previously assumed. That means: The wind can be used more and more efficiently and deliver more income. '

On the areas already designated today, numerous older systems will be replaced by modern ones by 2030 (repowering). However, many old systems will still be in operation. According to Windguard's calculations, the remaining existing systems, together with around 12,500 new, modern wind systems, could generate 212 TWh in 2030. If the area backdrop were expanded from 0.9 percent today to 2 percent of the land area, around 500 TWh would be generated by inland wind, despite grid expansion challenges in Europe that shape deployment.

The ongoing technological development must also be taken into account. The manufacturers of wind turbines are currently working on a new class of turbines with an output of over seven megawatts that will be available in three to five years. According to calculations by the LEE NRW, by 2040 the same number of wind turbines as today could produce over 700 TWh of electricity inland. The electricity demand, which will increase in the future due to electromobility, heat pumps and the production of green hydrogen, can thus be completely covered by a combination of onshore wind, offshore wind, solar power, bioenergy, hydropower and geothermal energy, and a net-zero roadmap for Germany points to significant cost reductions.

 

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B.C. expands EV charging, leads country in going electric

BC EV Charging Network Funding accelerates CleanBC goals with new public fast-charging stations, supporting ZEV adoption, the Electric Highway, and rebates, lowering fuel costs and emissions across British Columbia under the Clean Transportation Action Plan.

 

Key Points

Funding to expand fast-charging stations, grow ZEV adoption, and advance CleanBC and the Electric Highway.

✅ $26M funds ~250 public fast-charging stations.

✅ Supports Electric Highway and remote access.

✅ Drives ZEV sales under CleanBC targets.

 

As British Columbians are embracing zero-emission vehicles faster than any other jurisdiction in Canada, the Province is helping them go electric with new incentives and $26 million in new funding for public charging stations.

“British Columbians are switching to clean energy and cleaner transportation in record numbers as part of our CleanBC plan and leading Canada in the transition to zero emission vehicles,” said Josie Osborne, Minister of Energy, Mines and Low Carbon Innovation, on Tuesday. “The new funding we are announcing today to expand B.C.’s public charging network will help get more EVs on the road, reduce our reliance on fossil fuels, and lower fuel costs for people.”

The Province’s newly released annual report about zero-emission vehicles (ZEV) shows they represented 18.1% of new light-duty passenger vehicles sold in 2022 – the highest percentage for any province or territory. To support British Columbians’ transition to electric vehicles and to help industry lower its emissions, year-end funding of $26 million will go toward the CleanBC Public Charging Program for light-duty vehicle charging.

The new funding will support approximately 250 more public light-duty fast-charging stations, including stations to complete the B.C. Electric Highway, a CleanBC Roadmap to 2030 commitment that will make recharging easier in every corner of the province.

The 2022 ZEV Update report highlights CleanBC Go Electric rebates and programs that have helped drive growth in the number of electric vehicles in B.C. The number of registered light-duty EVs rose from 5,000 in 2016 to more than 100,000 today – a 1,900% increase in the past six years. Last year, 30,004 zero-emission vehicles were bought in B.C., beating the previous record of 24,263 in 2021.

In addition, the report outlines progress in the installation of public charging stations across British Columbia, supported by B.C. Hydro expansion, which now has one of the largest public charging networks in Canada, with more than 3,800 charging stations at the end of 2022. That compares to just 781 charging stations in 2016.

The CleanBC Roadmap to 2030, released in 2021, details a range of expanded actions to accelerate the switch to cleaner transportation, including strengthening the Zero-Emission Vehicles Act to require 26% of light-duty vehicle sales to be ZEV by 2026, 90% by 2030 and 100% by 2035 – five years ahead of the original target, and implementing the Clean Transportation Action Plan.

George Heyman, Minister of Environment and Climate Change Strategy, said: “Transportation accounts for about 40% of emissions in B.C., which is why we are committed to accelerating requirements for ZEVs and setting new standards for medium- and heavy-duty vehicles. To support this uptake, we continue to expand B.C.’s electric vehicle charging network, including faster EV charging options, with a target of having 10,000 public EV charging stations by 2030.”

Blair Qualey, President and CEO, New Car Dealers Association of BC, said: “B.C.’s new car dealers are proud to be involved in a true partnership that has been so instrumental in B.C. establishing and maintaining a leadership position in zero-emission vehicle adoption. Ongoing investments that continue to support the CleanBC Go Electric rebate program, including home and workplace charging rebates, and the availability of adequate charging infrastructure for consumers and businesses will be critical to the Province meeting its ZEV mandate targets, while also creating the promise of a greener and stronger economic future for British Columbians.”

Harry Constantine, President, Vancouver Electric Vehicle Association, said: “Expanding the buildout of the Electric Highway and establishing a network of charging stations are critical steps for moving the adoption of electric vehicles forward as demand ramps up across B.C. This stands to benefit all British Columbians, including remote communities. We are very pleased to see the Province investing in these measures.”

 

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World Bank helps developing countries wind spurt

World Bank Offshore Wind Investment drives renewables and clean energy in developing countries, funding floating turbines and shallow-water foundations to replace fossil fuels, expand grids, and scale climate finance across Latin America, Africa, and Asia.

 

Key Points

A World Bank program funding offshore wind to speed clean power, cut fossil fuels, and expand grids in emerging markets.

✅ US$80bn to 565 onshore wind projects since 1995

✅ Pilot funds offshore wind in Asia, Africa, Latin America

✅ Floating turbines and shallow-water foundations enable deep resources

 

Europe and the United States now accept onshore wind power as the cheapest way to generate electricity, and U.S. lessons from the U.K. are informing policy discussions. But this novel technology still needs subsidising before some developing countries will embrace it. Enter the World Bank.

A total of US$80 billion in subsidies from the Bank has gone over 25 years to 565 developing world onshore wind projects, to persuade governments to invest in renewables rather than rely on fossil fuels.

Central and Latin American countries have received the lions share of this investment, but the Asia Pacific region and Eastern Europe have also seen dozens of Bank-funded developments. Now the fastest-growing market is in Africa and the Middle East, where West African hydropower support can complement variable wind resources.

But while continuing to campaign for more onshore wind farms, the World Bank in 2019 started encouraging target countries to embrace offshore wind as well. This uses two approaches: turbines in shallow water, which are fixed to the seabed, and also a newer technology, involving floating turbines anchored by cables at greater depth.

The extraordinary potential for offshore wind, which is being commercially developed very fast in Europe, including the UK's offshore expansion, China and the U.S. offshore wind sector today as well, is now seen by the Bank as important for countries like Vietnam which could harness enough offshore wind power to provide all its electricity needs.

Other countries it has identified with enormous potential for offshore wind include Brazil, Indonesia, India, the Philippines, South Africa and Sri Lanka, all of them countries that need to keep building more power stations to connect every citizen to the national grid.

The Bank began investing in wind power in 1995, with its spending reaching billions of dollars annually in 2011. The biggest single recipient has been Brazil, receiving US$24.2 bn up to the end of 2018, 30 per cent of the total the Bank has invested worldwide.

Many private companies have partnered with the Bank to build the wind farms. The biggest single beneficiary is Enel, the Italian energy giant, which has received US$6.1 bn to complete projects in Brazil, Mexico, South Africa, Romania, Morocco, Bulgaria, Peru, and Russia.

Among the countries now benefitting from the Banks continuing onshore wind programme are Egypt, Morocco, Senegal, Jordan, Vietnam, Thailand, Indonesia and the Philippines.

Offshore wind now costs less than nuclear power, and global costs have fallen enough to compete in most countries with fossil fuels. Currently the fastest-growing industry in the world, it continued to grow despite Covid-19 across most markets.

Persistent coal demand

Particularly in Asia, some countries are continuing to burn large quantities of coal and are considering investing in yet more fossil fuel generation unless they can be persuaded that renewables are a better option, with an offshore wind $1 trillion outlook underscoring the scale.

Last year the World Bank began a pilot scheme to explore funding investment in offshore wind in these countries. Launching the scheme Riccardo Puliti, a senior director at the Bank, said: Offshore wind is a clean, reliable and secure source of energy with massive potential to transform the energy mix in countries that have great wind resources.

We have seen it work in Europe we can now make use of global experience to scale up offshore wind projects in emerging markets.

Using data from the Global Wind Atlas, the Bank calculated that developing countries with shallow waters like India, Turkey and Sri Lanka had huge potential with fixed turbines, while others the Philippines and South Africa, for example would need floating foundations to reach greater depths, up to 1,000 metres.

For countries like Vietnam, with a mix of shallow and deep water, wind power could solve their entire electricity needs. In theory offshore wind power could produce ten times the amount of electricity that the country currently gets from all its current power stations, the Bank says.

 

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Enabling storage in Ontario's electricity system

OEB Energy Storage Integration advances DERs and battery storage through CDM guidelines, streamlined connection requirements, IESO-aligned billing, grid modernization incentives, and the Innovation Sandbox, providing regulatory clarity and consumer value across Ontario's electricity system.

 

Key Points

A suite of OEB initiatives enabling storage and DERs via modern rules, cost recovery, billing reforms, and pilots.

✅ Updated CDM guidelines recognize storage at all grid levels.

✅ Standardized connection rules for DERs effective Oct 1, 2022.

✅ Innovation Sandbox supports pilots and temporary regulatory relief.

 

The energy sector is in the midst of a significant transition, where energy storage is creating new opportunities to provide more cost-effective, reliable electricity service. The OEB recognizes it has a leadership role to play in providing certainty to the sector while delivering public value, and a responsibility to ensure that the wider impacts of any changes to the regulatory framework, including grid rule changes, are well understood. 

Accordingly, the OEB has led a host of initiatives to better enable the integration of storage resources, such as battery storage, where they provide value for consumers.

Energy storage integration – our journey 
We have supported the integration of energy storage by:

Incorporating energy storage in Conservation and Demand Management (CDM) Guidelines for electricity distributors. In December 2021, the OEB released updated CDM guidelines that, among other things, recognize storage – either behind-the-meter, at the distribution level or the transmission level – as a means of addressing specific system needs. They also provide options for distributor cost recovery, aligning with broader industrial electricity pricing discussions, where distributor CDM activities also earn revenues from the markets administered by the Independent Electricity System Operator (IESO).
 
Modernizing, standardizing and streamlining connection requirements, as well as procedures for storage and other DERs, to help address Ontario's emerging supply crunch while improving project timelines. This was done through amendments to the Distribution System Code that take effect October 1, 2022, as part of our ongoing DER Connections Review.
 
Facilitating the adoption of Distributed Energy Resources (DERs), which includes storage, to enhance value for consumers by considering lessons from BESS in New York efforts. In March 2021, we launched the Framework for Energy Innovation consultation to achieve that goal. A working group is reviewing issues related to DER adoption and integration. It is expected to deliver a report to the OEB by June 2022 with recommendations on how electricity distributors can assess the benefits and costs of DERs compared to traditional wires and poles, as well as incentives for distributors to adopt third-party DER solutions to meet system needs.
 
Examining the billing of energy storage facilities. A Generic Hearing on Uniform Transmission Rates is underway. In future phases, this proceeding is expected to examine the basis for billing energy storage facilities and thresholds for gross-load billing. Gross-load billing demand includes not just a customer’s net load, but typically any customer load served by behind-the-meter embedded generation/storage facilities larger than one megawatt (or two megawatts if the energy source is renewable).
 
Enabling electricity distributors to use storage to meet system needs. Through a Bulletin issued in August 2020, we gave assurance that behind-the-meter storage assets may be considered a distribution activity if the main purpose is to remediate comparatively poor reliability of service.
 
Offering regulatory guidance in support of technology integration, including for storage, through our OEB Innovation Sandbox, as utilities see benefits across pilot deployments. Launched in 2019, the Innovation Sandbox can also provide temporary relief from a regulatory requirement to enable pilot projects to proceed. In January 2022, we unveiled Innovation Sandbox 2.0, which improves clarity and transparency while providing opportunities for additional dialogue. 
Addressing the barriers to storage is a collective effort and we extend our thanks to the sector organizations that have participated with us as we advanced these initiatives. In that regard, we provided an update to the IESO on these initiatives for a report it submitted to the Ministry of Energy, which is also exploring a hydrogen economy to support decarbonization.

 

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Tesla’s Solar Installations Hit New Low, but Musk Predicts Huge Future for Energy Business

Tesla Q2 2020 earnings highlight resilient electric vehicles as production and deliveries outpace legacy automakers, while Gigafactory Austin advances, solar installations slump, and energy storage, Megapack, and free cash flow expand despite COVID-19 disruptions.

 

Key Points

Tesla posted a fourth consecutive profit, strong cash, EV resilience, solar slump, and rising energy storage.

✅ Fourth straight profit and $418M free cash flow

✅ EV output and deliveries fell just 5% year over year

✅ Solar hit record low; storage rose 61% to 419 MWh

 

Tesla survived the throes of the coronavirus pandemic relatively unscathed, chalking up its fourth sequential quarterly profit for the first time on Wednesday.

On the energy front, however, things were much more complicated: Tesla reported its worst-ever quarter for solar installations but huge growth in its battery business, amid expectations for cheaper, more powerful batteries expected in coming years. CEO Elon Musk nevertheless predicted the energy business will one day rival its car division in scale.

But today, Tesla's bottom line is all about electric vehicles, and the temporary halt of activity at Tesla's Fremont factory due to local health orders didn’t put much of a dent in vehicle production and delivery. Both figures declined 5 percent compared to the same quarter in 2019. In contrast, Q2 vehicle sales at legacy carmakers Ford, GM and Fiat Chrysler declined by one-third or more year-over-year, even as the U.S. EV market share dipped in early 2024 for context.

The costs of factory closures and a $101 million CEO award milestone for Elon Musk didn’t stop Tesla from achieving $418 million in free cash flow, a major improvement over the prior quarter. Cash and cash equivalents grew by $535 million to $8.6 billion during the quarter.


Musk praised his employees for “exceptional execution.” 

“There were so many challenges, too numerous to name, but they got it done,” he said on an investor call Wednesday.

Musk also confirmed that Tesla will build a new Gigafactory in Austin, Texas, five minutes from the airport. The 2,000-acre campus will abut the Colorado River and is “basically going to be an ecological paradise,” he said. The new Texas factory will build the Cybertruck, Semi, Model 3 and Model Y for the Eastern half of North America. Fremont, California will produce the S and X, and make Model 3 and Model Y for the West, in a state where EVs exceed 20% of sales according to recent data.

 

Return of the Tesla solar slump

This was the first entire quarter affected by the coronavirus response, which threw the rooftop solar industry into turmoil by cutting off in-person sales. Other installers scrambled to shift to digital-first sales strategies, but Tesla had already done so months before lockdowns were imposed.

Q2, then, offers a test case on whether Tesla’s pivot to passive online sales made it better able to deal with stay-at-home orders than its peers. The other publicly traded solar installers have not yet reported their Q2 performance, but Tesla delivered its worst-ever quarterly solar figures: Installations totaled just 27 megawatts. That’s a 7 percent decline from Q2 2019, its previous worst quarter ever for solar.

Musk did not address that weak performance in his remarks to investors, opting instead to highlight the company’s late-June decision to offer the cheapest solar pricing in the country. “We’re the company to go to,” he said of rooftop solar. “It’s only going to get better later this year.”

But the sales slump indicates Tesla’s online sales model could not withstand a historically tough season for residential solar.

"Every single residential installer in the country is going to have a bad Q2 because of the initial impacts of COVID on the market," said Austin Perea, senior solar analyst at Wood Mackenzie. "It's hard to disaggregate the impacts of COVID from their own individual strategies."

Tesla's 23 percent decline in quarter-over-quarter solar installations was not as bad as the expected Q2 decline across the rooftop solar industry, Perea added.

On the vehicle side, Tesla’s sales declined less than did those of major automakers. It’s possible that the same pattern will hold for solar; a less severe drop than those seen by Sunrun or Vivint could be claimed as a victory of sorts. But this quarter made clear that Q2 2019 was not the bottom for Tesla’s solar operation, which once led the residential market as SolarCity but significantly diminished since Tesla acquired it in 2016.


Tesla currently stands in third place for residential solar installers. But No. 1 installer Sunrun said this month that it will acquire No. 2 installer Vivint Solar, making Tesla the second-largest installer by default. That major consolidation in the rooftop solar market went unremarked upon in Tesla's investor call.

Solar and energy storage revenue currently equate to just 7 percent of the company's automotive revenue. But Musk reiterated his prediction that this won’t always be the case. “Long term, Tesla Energy will be roughly the same size as Tesla Automotive,” he said on Wednesday's call.

The grid storage business offered more reason for optimism: Capacity deployed grew 61 percent from the first quarter, rising to 419 megawatt-hours. The prepackaged, large-format Megapack product turned its first profit that quarter.

 

"Difficult to predict" performance in the second half of 2020
Tesla withdrew its financial guidance last quarter in light of the upheaval across the global economy. It refrained from setting new guidance now.

“Although we have successfully ramped vehicle production back to prior levels, it remains difficult to predict whether there will be further operational interruptions or how global consumer sentiment will evolve, given risks to the EV boom noted by analysts, in the second half of 2020,” the earnings report notes.

The company asserted it will still deliver 500,000 vehicles this year regardless of externalities, a goal that aligns with broader EV sales momentum in 2024 trends. It already has sufficient production capacity installed to reach that, Tesla said. But with 179,387 cars delivered so far, Tesla faces an uphill climb to ship more cars in the second half.

Wall Street maintained its buoyant confidence in Tesla's share price, despite rising competition in China noted by rivals. It closed at $1,592 before the earnings announcement, rising to $1,661 in after-hours trading.

 

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Nova Scotia EV Charging Infrastructure Faces Urgent Upgrade Needs

Nova Scotia EV charging infrastructure remains limited, with only 14 fast chargers across the province. As electric vehicle adoption grows, urgent upgrades are needed to support long-distance travel and public charging convenience.

 

Nova Scotia EV charging infrastructure

Nova Scotia EV charging infrastructure refers to the province’s public and private network of stations that power electric vehicles (EVs).

✅ Limited availability of fast-charging stations for long-distance travel

✅ Growing demand as EV adoption increases province-wide

✅ Key factor in reducing range anxiety and promoting clean transportation

 

Nova Scotia’s EV charging network is struggling to keep pace with a growing fleet of electric vehicles. As of today, only 14 public DC fast chargers are operational across the province, a significant shortfall for drivers navigating long distances. This creates not only logistical hurdles but also growing consumer hesitation — particularly as EV sales continue to surge across Canada.

In response, the Canadian government has announced a $1.1 million (US$0.88 million) investment into a new smart-charging pilot program. Led by Nova Scotia Power, this initiative will explore how electric vehicles can better integrate with the local grid using a centralized, utility-managed control system. Up to 200 participants are expected to join the program, which aims to test both smart charging and vehicle-to-grid (V2G) technologies.

These systems allow EVs to act as distributed energy storage, helping to manage electricity demand and improve renewable energy integration — a strategy already being tested in other jurisdictions. For example, Ontario’s charging network expansion has provided a model for scaling fast-charging accessibility. Similarly, British Columbia has recently accelerated its rollout of faster charging stations to support mass EV adoption.

The Nova Scotia pilot will assess local EV charging behaviors, including drivers’ willingness to participate in V2G services based on incentives, driving patterns, and access to clean power. “We know customers want clean, affordable, reliable energy for their homes and businesses,” says Dave Landrigan, VP Commercial at Nova Scotia Power. “Through our electric vehicle smart charging pilot, we will test these technologies to learn how they can benefit all customers, creating clean, smarter options without changing a person’s driving habits.”

The funding comes through Natural Resources Canada’s Electric Vehicle Infrastructure Demonstration program, which supports the development of cutting-edge charging and hydrogen refueling solutions across the country. To date, the federal government has invested over $600 million to support EV affordability and infrastructure deployment, with a particular focus on a coast-to-coast fast-charging network.

At the same time, other provinces are stepping up their leadership roles. In Québec, Hydro-Québec is expanding its EV ecosystem through a strategic partnership with Propulsion Québec, a key industry cluster for sustainable mobility. Their focus includes reliable public charging, clean grid integration, and stakeholder collaboration — all essential factors for scalable transportation electrification.

“In Québec, we are fortunate to be able to make transportation electrification possible by easily replacing gas imported from outside with our clean energy,” said France Lampron, Director – Transportation Electrification at Hydro-Québec. “To do this, we need to develop synergies between various stakeholders in the sustainable mobility sector.”

While Nova Scotia’s current fast-charging availability is limited, the province now has an opportunity to follow a similar trajectory. With funding in place, stakeholder alignment, and public interest growing, the expansion of Nova Scotia EV charging infrastructure could soon match the pace of rising EV demand. As governments and utilities nationwide focus on electrification, Nova Scotia’s pilot may lay the groundwork for a more connected, cleaner transportation future.

 

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