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COVID Creates Challenges and Opportunities in Power Gen
If you were hoping for COVID-19 to disappear from the news by the school year, it’s obviously not going to happen. With major companies like Google announcing they won’t be sending employees back to their offices until the summer of 2021 and COVID metrics climbing again in the South and West, we probably will be working on the impact of the pandemic well into next year.
It could almost be considered a truism to say that COVID-19 has been bad for business. The 33% annualized decline in GDP in Q2 2020 would apparently confirm that, and even the most positive about the economy must concede that a 9.5% single-quarter contraction is painful, to say the least. With businesses closed and housing starts in June lagging 4% behind last year, even with the brief reprieve when states began to reopen, the power generation segment has been hit hard by the pandemic.
Cummins, a giant in the industry, announced at the end of July that its revenues for Q2 2020 had fallen 38% from Q2 2019. That increased to 48% when looking at North America alone. Engine sales were down 47%, and power generation revenues declined by 37%. While Cummins was able to achieve positive net income because of a quick ramp-up in production in China after the worst of the virus had passed there, it was less than half of net income from Q2 2019.
Power Systems Research Funds $2,500 Scholarship
Olivia Funk, a senior at Eastview High School, Eagan, Minnesota, is the recipient of the 2019 Power Systems Research $2,500 academic scholarship.
Samuel Libaire Wins Power Systems Research $2,500 Eagan Scholarship
Samuel Libaire, a senior at Eagan High School, Eagan, Minnesota, has received the 2020 Power Systems Research $2,500 academic scholarship.
He will use the scholarship to study Computer Science at Vanderbilt University.
“My favorite subject is computer science,” says Samuel. “It is one of the only subjects that can have multiple solutions to a single problem while also proving instantly that some don’t work. In many sciences, theories are never 100% true, but in computer science, a program either works perfectly or it simply doesn’t.”
Thuy Trinh Nguyen Wins $2,000 Scholarship from Power Systems Research
Thuy Trinh Nguyen, a senior at Eagan High School, Eagan, Minnesota, is the recipient of the 2021 Power Systems Research $2,000 academic scholarship. This scholarship is awarded to a student who will be attending a four-year college with a career objective in Science, Technology, Engineering or Mathematics.
She will use the scholarship to study biology and sociology (Pre-Med) at Harvard College.
“My favorite subject,” says Thuy, “is AP Physics–it not only taught me how to calculate my initial velocity, but also helps me recognize the fundamentals of life. Everything is organized with a plan.”
Thuy’s favorite pastime is shopping for the best deals at the Mall of America, and never being tired of shopping. (“Sorry, Dad!”) She also enjoys watching One Direction music videos and crocheting.
Her favorite high school memory: “After the Chemistry finals for Trimester 2, Mr. Elliott somehow allowed me to make ramen in his class. It certainly made up for the headache I got from balancing chemical equations.”
This year, 112 students will receive scholarships totaling $129,950 through the program.
Power Systems Research has been supporting high school science and engineering programs for many years. It has been donating to the Eagan Foundation Scholarship program since 2013.
Another program PSR funds is the Experimental Vehicle Team at St. Thomas Academy in suburban St. Paul, Minnesota. The school successfully competes in international competitions with high schools and universities to build the most energy efficient vehicles. PSR
PSR Awards $2,000 Scholarship
Power Systems Research has awarded a $2,000 scholarship to Erin Kelly, a student at Eagan High School in Eagan, Minnesota. Erin plans to attend the University of Minnesota in Minneapolis, Minn., and study computer engineering.
Erin enjoys reading, writing, playing and listening to music and all things theater and storytelling. She doesn’t really have a favorite school subject because, as she says, “There are so many ways to view the world and love learning about all of them.”
Her favorite high school memory is “seeing everyone on stage during on stage during our recorded concert style production of Les Miserables–in masks and social distancing, it was the first normal thing since the pandemic began.”
Power Systems Research has been supporting high school science and engineering programs for many years. It has been donating to the Eagan Foundation Scholarship program since 2013.
Another program PSR funds is the Experimental Vehicle Team at St. Thomas Academy in suburban St. Paul, Minnesota. The school successfully competes in international competitions with high schools and universities to build the most energy efficient vehicles. PSR
We’ll Be at the Battery Show in Stuttgart
The Battery Show Europe and the Electric & Hybrid Vehicle Technology Expo Europe is scheduled to be held June 28-30 at the Messe Stuttgart in Stuttgart, Germany. More than 6,000 attendees are expected to tour the show and visit the more than 540 exhibiting suppliers.
Power Systems Research (PSR) will have a team of analysts at the show collecting data and developing insights on alternative power sources. The team includes
- Emiliano Marzoli, PSR manager of European Operations
- Dalibor Sablic, PSR senior business development manager-Europe
- Guy Youngs, PSR Forecast and Technology Adoption Lead
The show is one of the largest in Europe and features manufacturers, suppliers, engineers, thought leaders and decision-makers and is focused on the latest developments in the advanced battery and automotive industries.
For registration details and more information about the show, visit the show website at https://www.thebatteryshow.eu/en/Home.html To meet with a member of the PSR team, contact Emiliano Marzoli at info@powersys.com or call the PSR Brussels office at +32.2.643.2828. PSR
VW Unveils Four EV Breakthroughs
VW’s US Innovation Hub just announced four breakthroughs in electric mobility and sustainable transport. First, the team used artificial intelligence on University of Tennessee’s high-performance computer cluster to develop a modular structure in the shape of tiny pyramids; the structure can be 3D-printed from liquid resins and can hold 30K times its own 0.15 lb weight (68g), so this frame would be up to 60% lighter than the steel frame.
Second, they have developed a method of using paper as a recyclable alternative to plastic parts and foils for EV interiors.
Sany MOTA Launches Battery Rental Business.
CHINA REPORT
The Sany Group has taken a major step in the electrification of the heavy truck market segment with the launch on Aug. 30, 2023, of Sany Magic Tower Energy Co., Ltd. The business plan includes battery sales, battery parts sales, new energy vehicle waste power battery recycling and cascade utilization, artificial intelligence basic software development, data processing and storage support services.
The blue ocean market of new energy heavy-duty trucks is about to experience explosive growth. “Blue ocean” refers to a business approach that focuses on creating a new, uncontested market space rather than competing in an existing market, which is often saturated and competitive. In a blue ocean, the competition is irrelevant because the brand or company is establishing a market where none existed before or is radically differentiating itself in an existing market.
