Thats 4880kWh/year per BEV (incl 10% charging loss)
Lets look at the energy mix
(1/5)
21,8% of US electricity is generated from coal
Thats 1063kWh per BEV per year additional demand from coal
Coal plants need 1191 pounds of coal per BEV per year to generate that (0,6tons)
But how many BEV will there be?
(2/5)
Mr Biden wants to have >50% BEV of all cars sold by 2030
Lately 15m cars were sold per year in the US
So the target is 7,5m additional BEV per year by 2030
That would add 4,5m tons of coal demand per year at current share in the mix
(3/5)
Avg lifeycle of a car is >12 years
We can expect that the additional load on the grid of these BEV will add up until 2030 esp since there are currently very few EV on the roads
If we assume linear growth from lately 600k to 7,5m/y we may assume to add 27,6m BEV until 2030
(4/5)
These 27,6m BEV would need 16,6m tons of coal a year to get charged
Can renewables be ramped up fast enough to not only serve the rising demand but also decrease the share of coal?
I didnt even look at hybrid cars or electric house heating...
Or might coal stay for longer?
END
See previous tweets
BEV demand for coal
$BTU #CoalTwitter
Seems like $arch doesnt want to be around when this comes to fruition
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Samsung is reporting a loss on its memory chip business for the first time since 2008
Note the absolute lack of capex discipline plus unwillingness?
It remembered me of 2008 and it triggered me to see how $nvda did back then 1/4 🧵 techspot.com/news/97797-sam…
So what was happening 2008ff?
Semi market was flip flopping from glut to shortage back to glut as demand was hit by banks tightening lending standards due to gfc
Sounds familiar?
So how did $nvda do back then? 2/4
I took a look at the last times $PANR was getting beat down 1) The April 2021 operational update
In reaction to the release the stock dropped 44%
It took 49 trading sessions and a resource upgrade to recover
The bottom was in on the day of the release
2) The Peel Hunt note
After the release the stock dropped 34% and it took 56 trading sessions to recover (6 days after material operational update)
The bottom was in 39 days after the release
3) The Muddy Waters/ F Perring/ A Stahel/ Josh bros short campaign
The stock dropped max 24% on the announcement that MW is short and a ST article
Since the previous recoveries have been event driven we have to wait and see how upcoming catalysts influence the SP
Those are: