Science & Technology
Smart charging may be key to saving power grid in world of EVs
As electric vehicle (EV) sales rise, the big question for power grid operators, charging companies and governments is how to run tens of millions of vehicles without crashing local networks or spending billions on grid upgrades.
The answer: smart charging.
Simply put, smart charging software allows EV owners to plug in during expensive peak hours, without the vehicle drawing power until cheap off-peak hours. This eases strain on the electric grid, makes better use of renewable energy and saves drivers money.
Without it, millions of EV owners plugging in after work – auditing firm EY estimates Europe will have 65 million EVs by 2030 and 130 million by 2035 – could overload local grids, causing blackouts.
“The shift to electric will be nigh on impossible without smart charging,” Chris Pateman-Jones, CEO of British EV charger company Connected Kerb, told Reuters while demonstrating a pilot project on public chargers in Hackney, a London borough.
Using Connected Kerb’s smartphone app you can set your charging speed, charge time and exact price down to a low, slow “Eco” rate of 19 pence (26 U.S. cents) per kilowatt.
“It’s so much cheaper and simpler,” said Ged O’Sullivan, a 65-year-old pub owner who cut his plug-in hybrid’s charging bill by 30% with Connected Kerb.
Smart charging for public chargers is a significant challenge because so few are available for people who cannot charge at home because they park on the street.
According to a report from EY and Eurelectric, Europe alone will need 9 million public chargers by 2035, up from 374,000 today.
The near future should also bring “bidirectional” or “vehicle-to-grid” charging, where millions of EV owners could sell their EV batteries’ juice back to grid operators during peak hours.
Even in Britain where smart charging at home is widely available, many EV owners are unaware it exists, according to Britain’s energy regulator, Ofgem. In the United States, only a tiny fraction of utilities offer it, according to utilities group the Smart Electric Power Alliance.
And few cars today beside Renault and Hyundai’s upcoming Ioniq model are capable of bidirectional charging – though more are coming.
“Most cars, at this point, do not support this bidirectional charging yet,” said Robin Berg, CEO of We Drive Solar, which has supplied hundreds of bidirectional chargers for a pilot project in the central Dutch city of Utrecht and worked with Renault SA (RENA.PA) and Hyundai Motor Co (005380.KS) on their vehicles. “Other carmakers will follow.”
Nearly 20% of new cars sold in the Netherlands and almost 12% in Britain in 2021 were fully electric.
State support has put Norway at the forefront of electrification, where EVs made up almost three-quarters of sales in the capital Oslo. Some local substations were built in the 1950s and without smart charging Oslo would need massive, costly grid upgrades.
“To handle this we need smart charging solutions because we don’t want to over-invest in the grid,” said Sture Portvik, who heads Oslo’s charging infrastructure efforts.
‘AWARENESS IS LOW’
Connected Kerb aims to have 190,000 UK on-street chargers by 2030, enabling it to predict consumer charging patterns for grid operators and offer lower rates when the available renewable energy is abundant, said Pateman-Jones.
“Today when there’s too much wind on the grid, wind farms are told to turn the wind turbines off,” he said. “With smart charging we can pull more of that power.”
Some UK energy providers already offer low off-peak rates for home smart charging, but few EV owners use them.
“The perception is smart charging at home is a done deal,” said Charlie Cook, CEO of Rightcharge, a UK firm that helps EV owners find low tariffs. “But the reality is awareness of these tariffs is surprisingly low.”
Rightcharge estimates smart charging could save UK drivers 10 billion pounds ($13.5 billion) by 2030.
British car dealer network Lookers (LOOK.L) guides EV buyers to Rightcharge’s website to check their options.
Lookers’ business development director, Andrew Hall, said “early adopter” EV buyers are “pretty savvy about smart charging.”
“But that is changing as EV sales rise,” he added.
Utilities group the Smart Electric Power Alliance estimates only 50 out of 3,000 U.S. utilities offer smart charging.
EV charging company ChargePoint’s (CHPT.N) U.S. chargers can all smart-charge, but it wants more utilities to offer it.
“We see a lot of positive response from customers when their utility is offering those rates,” said Anthony Harrison, ChargePoint’s North American head of utility partnerships.
Charging provider Blink Charging Co (BLNK.O) has one set rate until smart charging is widely available.
“We decided to keep it simple for our customers,” said Blink CEO Michael Farkas.
‘HORRENDOUSLY EXPENSIVE’
Bidirectional charging may be crucial.
“The whole idea behind bidirectional charging is to balance the grid,” said We Drive Solar’s Berg, who estimates a fully charged EV can power the average home in the Netherlands for a week.
Serge Colle, EY’s global energy resources leader, said smart and bidirectional charging are better than “horrendously expensive” power grid upgrades.
“We can’t possibly open up streets quickly enough to add more copper and do the necessary reinforcement,” Colle said.
Regulator Ofgem estimates that peak power reductions from smart and bidirectional charging by 2050 could match “10 Hinkley Point C Nuclear Plants” – a two-reactor plant under construction in England.
The U.S. market has more than 10 vehicle-to-grid pilot projects using school buses under way.
California-based vehicle-to-grid company Nuvve Holding Corp (NVVE.O) has formed Levo, a joint venture with private equity firm Stonepeak – which chipped in $750 million – to enable EV fleet owners to sell power to utilities.
“Because our customers are able to generate revenue we’re able to reduce the total cost of ownership for those vehicles, at times completely cost-neutral,” said Nuvve CEO Gregory Poilasne.
Charger makers like Brisbane, Australia-based Tritium Dcfc Ltd (DCFC.O) are also developing bidirectional chargers.
CEO Jane Hunter said Tritium will launch a bidirectional, fast-charging wall unit in 2023 for fleets and homeowners.
More automakers are embracing bidirectional charging. Ford Motor Co (F.N) has partnered with solar power company Sunrun Inc (RUN.O) to use its F-150 Lightning pickup truck to power homes.
But Oslo has invested extra money in pilot projects for bidirectional chargers because it believes in the concept. So far, however, it has been disappointed that more carmakers have not yet introduced vehicles that can feed power back into the grid.
“The limitations for bidirectional charging has been the car producers,” infrastructure chief Portvik said. “The big carmakers have to step up.”
Science & Technology
Astronomers discover white dwarf surrounded by two rings of planetary debris
Astronomers have discovered a white dwarf star surrounded by two distinct rings of planetary debris, offering new insights into what may happen to planetary systems, including our own, when their host stars reach the end of their lives.
The star, identified as J1328−1450, is located about 1,600 light-years from Earth in the constellation Virgo. Observations made using the European Southern Observatory’s Very Large Telescope in Chile revealed an unusual arrangement of dust and gas around the star.
According to researchers, the debris appears to form two separate rings, a structure not previously observed around any of the 21 white dwarfs known to have surrounding planetary debris.
The scientists believe that two relatively large rocky bodies may have survived the star’s transformation into a white dwarf and could be responsible for shaping the surrounding material. One of these objects may be roughly the size of Pluto, while the other is smaller.
Researchers say the discovery provides further evidence that some rocky planetary bodies can survive the dramatic changes that occur when a star exhausts its fuel and expands into a red giant.
The findings, published in the journal *Nature Astronomy*, suggest that the original star may once have hosted a planetary system. During its expansion, it likely engulfed some of its innermost planets, while more distant objects survived.
Over time, gravitational forces may have pulled some of these surviving bodies closer to the white dwarf, tearing them apart and scattering their material into surrounding rings of dust and gas.
Astronomers also found differences in the chemical composition of the two rings, particularly in their magnesium content, suggesting that they may have originated from different rocky bodies or from different layers of a disrupted object.
The discovery could offer a glimpse into the distant future of our own solar system. Scientists estimate that in about five billion years, the Sun will expand into a red giant before shedding its outer layers and becoming a white dwarf.
During this process, Mercury and Venus are expected to be engulfed, while the fate of Earth remains uncertain. More distant planets, including Jupiter and Saturn, are expected to have a greater chance of surviving.
Researchers say that, after the Sun becomes a white dwarf, surviving planets, moons and asteroids could also be pulled towards it and broken apart by its intense gravitational force.
They suggest that the newly observed system may represent one possible stage in the far-distant future of our solar system.
Science & Technology
Binance says it has covered $6 billion of $6.3 billion stolen in hack
The US Federal Bureau of Investigation (FBI) said on Saturday the North Korean state-sponsored unit known as TraderTraitor was responsible for the attack.
Binance, the world’s biggest cryptocurrency exchange, said it has covered $6 billion of the $6.3 billion stolen from its platform by using company money to buy replacement tokens, after a hack that US officials said was carried out by a North Korean state-sponsored unit known as TraderTraitor.
“We had already covered $6B of the impacted amount of the hacked loss,” Binance said on X on Saturday, after saying earlier that it had covered 90% of the stolen funds, Reuters reported.
The remaining amount, now less than 10%, consists of assets that are less liquid and may take longer to source in the required amounts, according to Binance.
The US Federal Bureau of Investigation (FBI) said on Saturday the North Korean state-sponsored unit known as TraderTraitor was responsible for the attack.
North Korea has for years denied using state-linked cyber units for espionage, financial theft and revenue. Its mission in Geneva and embassy in China did not respond to requests for comment.
Members of the unit were observed by law enforcement converting stolen assets into the cryptocurrency ethereum, the FBI said in a statement, adding that it expects “further laundering” of the assets through the use of related technology.
Analysts had previously blamed North Korea and said it could be the largest financial heist of all time.
Binance has been working with industry partners to freeze some of the affected assets, with about $3 billion located as of Friday.
The company has repeatedly said it would bear the financial impact of the funds stolen in the hack.
The money spent re-buying tokens came from using part of its $1 billion Secure Asset Fund for Users (SAFU), a bitcoin reserve it holds to protect customers in the event of security breaches, as well as some of its Futures Insurance Fund, and the company’s own corporate treasury, it said on X.
Co-CEO Yi He said on Saturday that 50% of its SAFU funds would be used, while the company said it was committing to replenishing the fund to return it to about $1 billion.
Crypto prices fell on Friday, while Binance sought to reassure customers that their funds were safe after the hack.
Co-CEO Richard Teng had said that the breach was a “complex attack” involving a compromised laptop and malicious software designed to delete evidence of its activity, making it harder to trace and investigate.
After the hack, the exchange stopped allowing customers to withdraw their funds, but it said on Saturday it was still on track to reopen withdrawals on Sunday.
Withdrawals were not open as of 02:50 GMT on Sunday.
Binance said it has set aside around $6.34 billion of company funds internally to cover the losses.
Binance also said it had taken a new snapshot of assets held on its platform as of 0000 GMT on October 31, as part of its proof-of-reserves process.
Users holding the 10 listed tokens — BTC, ETH, USDT, BNB, SOL, USDC, XRP, USD1, RLUSD, and ZEC — would be able to verify that their assets were backed at a minimum ratio of 1:1 once the full proof was available, it said.
Science & Technology
Governments take websites offline as critical cyber flaws trigger global alert
Security patches were released prompting authorities to urge organisations to update affected systems immediately or take vulnerable services offline until they could be secured.
Governments and organisations across Europe and beyond have taken websites and online services offline after the discovery of two critical vulnerabilities in widely used web software triggered an international cyber-security alert.
The vulnerabilities affect PHP, a programming language used extensively to operate websites and online applications. Attackers could potentially exploit the flaws to execute malicious code remotely on vulnerable servers, threatening sensitive information and digital infrastructure.
Security patches were released on Wednesday, October 21, prompting authorities to urge organisations to update affected systems immediately or take vulnerable services offline until they could be secured.
The Netherlands, Finland, France, Belgium and Germany have also reported precautionary shutdowns affecting government websites and other public-facing services.
In the Netherlands, affected platforms included Overheid.nl, MijnOverheid.nl and DigiD. The country’s National Cyber Security Centre also temporarily took its own website offline.
Finland’s state IT services provider, Valtori, suspended public government web services as a precaution, while France’s Interior Ministry temporarily took the websites of local administrative authorities offline.
In Belgium, the Foreign Ministry took its websites offline amid concerns about potential exploitation, although the country’s cybersecurity centre said it had not observed attacks on Belgian websites at the time.
Germany’s federal IT service provider also temporarily disabled several websites, with officials saying the measure was precautionary and no security incidents were known to have occurred.
The disruption extended beyond government agencies. Websites and online services belonging to hospitals, educational platforms and other organisations were also affected, highlighting the potential reach of vulnerabilities in widely deployed software.
In Australia, the Australian Cyber Security Centre’s website, cyber.gov.au, was among the government services affected by the security alert. Australian authorities said they were not aware of active exploitation of the vulnerabilities.
In the United States, the National Security Agency and other cybersecurity authorities urged organisations to prepare for immediate updates and take vulnerable systems offline if they could not be secured promptly. The Wikimedia Foundation, which operates Wikipedia, also took some systems offline as a precaution while addressing the flaws.
Cybersecurity company Cloudflare reported seeing early attacks associated with the vulnerabilities, although reports of exploitation do not establish that every affected organisation suffered a breach.
The incident highlights the risks created by the internet’s reliance on shared software. PHP is used across a substantial proportion of websites, meaning a single vulnerability can affect organisations in multiple countries and sectors simultaneously.
Security specialists have urged website operators to identify affected systems, install the relevant patches and examine server logs for signs of unauthorised access. Applying an update may prevent further exploitation, but organisations must also investigate whether attackers gained access before their systems were secured.
Authorities have not established that all affected websites were breached. The precautionary shutdowns are intended to reduce exposure while administrators apply fixes and verify that their systems are safe to restore.
The alert has underscored the challenge facing governments and businesses in responding to critical software vulnerabilities that can rapidly become an international security concern.
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