Empowering the Green Transition - Week 50/2024

This week brings new updates from the renewable energy and e-mobility sectors, highlighting progress and innovation. EnergyHub expands into Europe by acquiring Kapacity.io, enhancing virtual power plant capabilities. EVBox’s DC solutions will transfer to LAFIP in 2025, ensuring continued support for fast-charging technologies. SolarEdge appoints Shuki Nir as CEO, marking a leadership transition. Google plans data centers powered by on-site wind and solar farms, advancing sustainable energy use. Meanwhile, a record 8.9% of new cars sold in the U.S. in Q3 2024 were electric, underscoring the growing shift toward e-mobility.

EnergyHub acquires Finland's Kapacity.io to expand demand-side flexibility in Europe

EnergyHub , a leading North American provider of residential flexibility solutions, has acquired Finland-based Kapacity.io , a company specializing in heat pump optimization and flexibility. This strategic move aims to enhance demand-side flexibility across European markets. EnergyHub's distributed energy resource management system (DERMS) currently oversees over 1.5 million distributed energy resources across more than 100 utility programs in North America. By integrating Kapacity.io's expertise, EnergyHub plans to extend its virtual power plant capabilities to Europe, managing various device types—including electric vehicles, behind-the-meter battery storage, and thermostats—to deliver essential grid services. For more details, read the full article on EnergyHub's website.

EVBox’s DC solutions to transfer ownership to LAFIP in 2025

ENGIE , the parent company of EVBox , has agreed to transfer EVBox's DC charging business to LAFIP (La Financière de Pessac), with the deal expected to close in January 2025. EVBox’s DC products, including the Troniq Modular and Troniq High Power chargers, will continue to be available in all current markets outside North America. The transition, led by Eric Stempin, aims to maintain seamless operations and product support under the new ownership. For the industry, this means consistent availability of EVBox’s DC solutions with a focus on continuity and support for existing and future customers. Read more on EVBox News.

SolarEdge appoints Shuki Nir as new CEO

SolarEdge Technologies has appointed Shuki Nir as its new Chief Executive Officer, effective immediately. Nir, who joined SolarEdge as Chief Marketing Officer in June 2024, succeeds interim CEO Ronen Faier, who will remain as an advisor during the transition period. Prior to SolarEdge, Nir held leadership roles at multinational technology companies, including serving as General Manager of the consumer business at SanDisk, where he led the turnaround of a loss-making division into a profitable global market leader. He has also served on the boards of companies such as IronSource and Kornit Digital. For more details, read the full announcement here.

Google plans to build data centers powered by on-site wind and solar farms

Google has announced a partnership with Intersect Power and TPG Rise Climate to develop data centers co-located with renewable energy sources, aiming to power these facilities directly with on-site wind and solar energy. This initiative addresses the substantial energy demands of artificial intelligence technologies while reducing reliance on fossil fuels. The first phase is expected to be operational by 2026, with full completion in 2027. By integrating data centers with renewable energy generation, Google seeks to alleviate pressure on existing power grids and advance its sustainability objectives. For more details, read the full article here.

Number of the Week: 8.9%

In the Q3 of 2024, battery electric vehicles (BEVs) accounted for 8.9% of new light-duty vehicle sales in the United States, marking an increase from 7.4% in the previous quarter. This growth contributed to electric and hybrid vehicles collectively reaching 21.2% of total new light-duty vehicle sales during the same period. Notably, luxury BEVs comprised nearly 71% of all BEV sales, indicating a strong preference for high-end electric models. The average transaction price for a new BEV was $56,351, approximately 16% higher than the overall industry average. These trends highlight the expanding adoption of electric vehicles in the U.S. automotive market.

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