Tesla Recalls More Than 57,000 Cybertrucks In 2024
Marketed as a durable, rugged vehicle, Tesla’s (NASDAQ: TSLA) Cybertruck has faced persistent criticism over performance issues, including breakdowns under basic conditions like rain, ever since its release.
Considering the growing reputation, it may come as no surprise that Finbold’s research found Tesla might have been forced to recall up to 57,332 Cybertrucks since the start of 2024 – an average of 172 units per day since January 1.
In total, there have been five recalls affecting the Cybertruck specifically in 2024, and one that was listed as potentially affecting more than 2 million Tesla vehicles across multiple models dating as far back as 2012.
The first of the Cybertruck-specific issues was announced on April 17, 2024. The recall was due to the danger of the accelerator pedal getting ‘trapped’ if ‘high force’ was applied to it, per Tesla’s official announcement.
The EV maker offered free corrections for the pickup and estimated the fix would take approximately 15 minutes. In total, 3,878 may have been affected, per the data available on the National Highway Traffic Safety Administration (NHTSA) website.
On June 19, Elon Musk’s EV maker issued two recalls due to potential issues with Cybertruck’s front wiper, and a trim piece called the sail applique. The first of these could have led to the front wiper motor malfunctioning. It was described as a free, 30-minute fix, affecting 11,688 vehicles at most.
The second was a problem with how the trim piece was attached, which could lead to it falling off. It potentially affected a slightly greater number – 12,150 – Cybertrucks, but again, it was described as a fix that would take 30 minutes at most.
Lastly, the most recent recall – and the last one to require physical intervention – occurred on November 5. It sought to resolve a problem in the drive inverter that could lead to a loss of power.
It was another fix administered free of charge but also the lengthiest intervention, as Tesla estimated it would take approximately three hours. Data retrieved from NHTSA also revealed that as many as 2,431 Cybertrucks may be suffering from the issue.
In September, Tesla issued its first over-the-air (OTA) firmware update correction for Cybertrucks in 2024. This update, announced on the 26th day of the month, was designed to resolve a problem with the rearview camera that could have led to a display delay once the truck was set in reverse.
The September 26 recall is particularly interesting both because it is an OTA fix and because of the large number of vehicles affected – 27,185. Indeed, there is a possibility the update inadvertently revealed the total number of Cybertrucks shipped between November 13, 2023, and September 14, 2024.
Due to Tesla Motors staying tight-lipped about the actual number of Cybertrucks sold, the recalls have been used throughout the year to estimate the likely total number of these pickups sold.
The June recalls in particular, were at the time seen as an admission of the sales figures to their size relative to other such announcements. Still, there are some problems with using the NHTSA safety data to gauge how many units were shipped to customers.
For example, nearly all of the recalls affected Cybertrucks manufactured after November 13, but the latest announcement – November 5, 2024 – demonstrated that at least some of the models were made as early as November 6, 2023.
Finally, it is worth pointing out that the figures provided on the NHTSA website represent the potential maximum number of affected vehicles, and the actual number of Cybertrucks suffering from the described issues could be significantly lower.
Despite the recall rate potentially approaching 200%, the situation might prove similar to the broader reputation of Tesla cars as spontaneous combustion engines. The actual number of instances in which Tesla vehicles caught fire for no apparent reason is minuscule compared to what the public perception and online representation suggest.
Source :Andreja Stojanovic
Ghana: President Akufo-Addo Commissions 200 MW Power Plant In Tema
The President of Ghana, Nana Addo Dankwa Akufo-Addo, has commissioned a 200-megawatt combined-circled power plant in Tema in the Greater Accra Region under the partnership of Early Power Limited and Endeavor Energy, an independent power generation company.
The capacity of the plant will be expanded to about 590 megawatts in the near future, and it is expected to cost about $1.2 billion dollars.
The President was joined by the US Ambassador to Ghana, Her Excellency Virginia Palmer, and other government officials to commission the plant.
President Akufo-Addo described the project as a significant step forward in securing Ghana’s energy independence and providing reliable electricity needed to drive economic growth, industrialisation and national development.
“This project stands as a testament to our resilience and ambition. It represents a shift away from the energy crises of the past, particularly the difficult years of dumsor between 2012 and 2016, which disrupted lives and livelihoods. Today, we send a clear message: Ghana will no longer be held back by energy shortages. The Bridge Power Station provides critical megawatts to the national grid, ensuring greater power stability for homes and businesses alike,” he said in a post on Facebook.
According to President Akufo-Addo, reliable electricity is the backbone of national development—it powers industries, illuminates classrooms and supports hospitals.
According to him, the impact of this facility extends far beyond industry, adding that “it enables hospitals to deliver life-saving care, schools to prepare our future leaders, and rural communities to thrive.”
The Bridge Power Station, he said, is also a step towards sustainability, showcasing our commitment to an efficient energy mix, with lower carbon emissions. This achievement reinforces our dedication to building a greener, healthier future for generations to come.
“As we celebrate this monumental milestone, let us remember that reliable power fuels opportunity, prosperity, and dignity for every Ghanaian. Together, we will continue to build a self-sufficient and globally competitive Ghana.”
He expressed gratitude to the American partners and Her Excellency Virginia Palmer, the U.S. Ambassador to Ghana, for their steadfast support and presence at the commissioning of the project.
Source: https://energynewsafrica.com
Source: https://energynewsafrica.com Nuclear Power In The COP29 Spotlight As Countries And Companies Eye Climate Solutions
Nuclear power is in the spotlight at the United Nations Climate Change Conference (COP29) in Azerbaijan, where both countries and industries presented plans to deploy the carbon-free energy technology, building on the historic consensus to accelerate its use that emerged from last year’s climate summit.
Reaching global decarbonization targets by 2050 will require a significant expansion of nuclear power. This was acknowledged at the first Nuclear Energy Summit in March 2024 as well as in the Global Stocktake at COP28 and the pledge by more than 20 countries to seek to triple nuclear capacity.
But to get there, capital is urgently needed, said IAEA Director General Rafael Mariano Grossi. “Finance institutions need to evolve with the changing demands of the market—and there’s a clear demand for and growing interest in nuclear,” Mr Grossi said at a high-level event co-hosted by the COP29 Presidency and the IAEA that focused on financing low-carbon energy projects including nuclear power.
The high-level event featured speakers including Mr Grossi and Parviz Shabazov, Minister of Energy of Azerbaijan; Herbert Krapa, Deputy Minister of Energy of Ghana; Fatih Birol, IEA Executive Secretary; Francesco La Camera, Director-General of the International Renewable Energy Agency (IRENA); Tatiana Molcean, Executive Secretary of the United Nations Economic Commission for Europe (UNECE); Mark Bowman, Vice President for Policy and Partnerships, European Bank for Reconstruction and Development (EBRD); Sama Bilbao y Leon, Director General of the World Nuclear Association; and Seth Agbeve, Director of Renewable Energy at the Ministry of Energy of Ghana.
The event followed the signing of a memorandum of understanding by the IAEA and Azerbaijan in which the Agency agreed to provide energy planning capacity building services, including a joint analysis under the Atoms4NetZero initiative on the potential role of nuclear energy in Azerbaijan’s clean energy transition.
Noting the importance of nuclear energy for Azerbaijan’s future, Azerbaijan Minister of Energy Parviz Shahbazov said at the event that “Azerbaijan sees opportunities for nuclear energy to be part of its energy mix in the future, as clean energy.”
Mr. Grossi signed cooperation agreements with several organizations at COP29. The company LinkedIn agreed to support capacity building in the nuclear sector with training, data insights and networking.
The IAEA and IRENA agreed to cooperate on joint missions, training, data sharing and case studies to support energy planning and clean energy goals. The European Bank for Reconstruction and Development and the IAEA agreed to cooperate on nuclear safety, decommissioning, environmental remediation and nuclear energy.
Source: IEA
UK Energy Regulator Eyes Up To $10.2 Bln Fund To Aid Green Targets
Britain’s energy regulator Ofgem said on Wednesday it had begun consultations over a new investment fund of up to 8 billion pounds ($10.16 billion) that could help the country’s net zero prospects and aid energy transmitters to cut delays and costs.
The proposed fund, worth between 5 billion pounds and 8 billion pounds, would provide allowances for transmission owners to buy in advance equipment such as switchgear, cables and steel, thereby accelerating deliveries of projects, Ofgem said.
The regulator also added that the fund, consultation for which will run until Dec. 18, would help the government achieve clean power by 2030, and net zero targets eventually, among other things.
The consultation comes after Ofgem said last month it would offer developers of renewable energy storage projects a guaranteed minimum income to spur investment in technologies that would help Britain meet its climate targets.
Ofgem has proposed that it would be clear in its rules to ensure that the latest fund is used only for intended purposes, and that any unused allowances would be returned to consumers so as to minimise any impact on their energy bills.
Source: Reuters.com
Ghana: Herbert Krapa Confirmed Energy Minister
Ghana’s President Nana Akufo-Addo has appointed Mr Herbert Krapa as the substantive Minister for Energy after five months of being the Minister of State at the Energy Ministry.
His appointment is effective 19th November 2024, a statement issued by Eugene Arhin, Director of Communications at the Presidency, said.
Mr Krapa previously served as Deputy Minister for Energy and Board Chairman of the Electricity Company of Ghana.
According to the President, Krapa had distinguished himself and contributed significantly to the progress and stability of Ghana’s Energy sector.
About Herbert Krapa
Herbert Krapa is a governance and legal expert who served as the Government’s Spokesperson on Governance and Legal Affairs at the Ministry of Information until December 2020.
He is an astute lawyer, called to the Ghana Bar in 2017, with experience in Trade and Investment Law, Commercial Law and Debt Restructuring, among others.
He previously worked as a lawyer at Africa Legal Associates, a reputable law firm in Ghana.
Krapa holds a Bachelor of Laws Degree from the University of Ghana and a Masters of Laws Degree from the London School of Economics and Political Science, UK, where he specialised in International Finance, Secured Financing, International Commercial Arbitration and Corporate Crime.
He also holds a Masters of Science Degree in Development Finance from the University of Ghana Business School and a Certificate in Human Rights Law from Fordham University in New York.
He is a lecturer at the University of Ghana School of Law where his research focuses on both legal philosophy and global constitutionalism.
Herbert Krapa is a member of the Ghana Bar Association, the Programme for African Leadership and the Criminal Justice Reform Ghana.
CREDENTIALS
MSc (Development Finance) – University of Ghana Business School, Legon, Accra, Ghana
Masters of Laws – London School of Economics and Political Science, London, UK
Certificate (Human Rights Law)- Fordham University, New York, USA
BL – Ghana School of Law, Accra, Ghana
Bachelor of Laws – University of Ghana School of Law, Accra, Ghana
BSc (Agricultural Science)- Kwame Nkrumah University of Science and Technology, Kumasi, Ghana
MEMBERSHIP OF PROFESSIONAL ORGANISATIONS
Ghana Bar Association
Programme for Africa Leadership
Criminal Justice Reforms.
Ghana: Petrol Prices Drop Marginally
Oil marketing companies in the Republic of Ghana have reviewed the price of petrol with a litre selling between Gh¢14.35 and Gh¢14.82.
During the first pricing window of November which was from 1st to 15th, major oil companies sold a litre of petrol between Gh¢13.99 and Gh¢14.99.
Diesel was sold between ¢14.99 and ¢15.50 per litre.
However, as of Tuesday, November 19, GOIL PLC and Shell were the only OMCs that had revised their pump prices downward.
GOIL is selling Super XP(Ron 91) at Gh¢ 14.35 and Super XP (Ron 95) while diesel is sold at GH¢ 15.34 per litre.
Shell is also selling petrol at Gh¢14.87 per litre while diesel is sold at Gh¢14.92 per litre.
Other OMCs are likely to review their pump prices within the week.
Unlike other parts of Africa where fuel prices are reviewed every month, in Ghana, fuel prices are reviewed every two weeks.
As of the close of business, Tuesday, average interbank rates for a US dollar was Gh¢15.9120(buying) and Gh¢15.9280(selling).
Source: https://energynewsafrica.com
Nigeria: TCN Accuses IBEDC Of Misleading Customers
The Transmission Company of Nigeria (TCN) has accused Ibadan Electricity Distribution Company (IBEDC) of grossly misleading customers within its franchise area.
According to TCN, on Sunday, November 17, 2024, IBEDC issued a public notice where it blamed TCN for power supply disruptions in some communities within its franchise area.
Contrary to IBEDC’s claims, TCN, in a statement on Tuesday, November 19, 2024, issued by Ndidi Mbah, Public Affairs Manager of TCN, said, “Our thorough investigation reveals the breakers at TCN’s 132/33kV Sawmill Transmission Substation are, in fact, fully functional. The actual cause of the disruptions lies within IBEDC’s distribution lines and not TCN.”
TCN, therefore, urged IBEDC to focus on addressing the challenges within its network, rather than spreading misinformation.
“Deliberate dissemination of falsehood is unacceptable and undermines the collaborative efforts necessary for efficient power supply.
“For the record, TCN’s infrastructure at the 132/33kV Sawmill Substation has not contributed to any power supply disruptions within IBEDC’s franchise area as claimed,” the statement concluded.
This portal reached out to IBEDC for its response but the source declined to comment on the concerns by TCN.
Source: https://energynewsafrica.com
Angola: Police Seize 5,965 Liters Of Fuel Smuggled Into DRC
Angolan police in Zaire province has seized 5,965 liters of fuel, which was to be smuggled to the neighboring Democratic Republic of Congo (DRC).
The seizure happened at the border commune of Luvo, which is 60 km north of the city of Mbanza Kongo, capital of Zaire province.
According to a report by Angola News Agency, ANGOP, it received a note that nine national citizens were arrested for alleged fuel smuggling.
The suspects are being held and would be sent to the Department of Investigation of Criminal Offenses (DIIP) in Zaire for interrogation.
Source: https://energynewsafrica.com
Ghana: Editor Visits Oil Rig For The First Time (Photos)
Our Editor, Michael Creg Afful, was full of excitement when he dressed for the first time like an oil rig worker and joined media colleagues to tour the Deepsea Bollsta Rig, contracted by Springfield E&P to undertake appraisal of their Afina Discovery offshore Takoradi, Western Region of Ghana.
According to him, from the Takoradi Airport, they flew above sea level and travelled for about 70 kilometers before arriving at the Deepsea Bollsta Rig.
He described the facility as an imposing one and well-designed.
Source: https://energynewsafrica.com
Source: https://energynewsafrica.com
COP29: Any Successful African Energy Policy At COP Or Anywhere Must Have Oil And Gas At Its Core (Article)
I believe the ultimate responsibility for getting there is ours and no one else’s. Yes, we need partners to walk alongside us, but the success of our energy movement rests on African shoulders.
To begin with, I would love to see African energy stakeholders speaking in a unified voice about African energy industry goals.
This will be particularly important in COP29 in Baku. It is imperative that African leaders present a unified voice and strategy for African energy transitions.
We must make Africa’s unique needs and circumstances clear and explain the critical role that oil and gas will play in helping Africa achieve net-zero emissions in coming decades.
I would encourage African leaders to talk about the need for financing, as well, to make it possible for us to adopt renewable energy sources and set up the necessary infrastructure.
Africa will need global financial systems, including multilateral development banks, to play a significant role in financing our energy growth which must include fossil fuels.
Africa’s governments have a role to play in a successful African energy movement as well.
Because Africa’s energy industry still can benefit greatly from the presence of international oil companies, our government leaders need to approve contracts with oil and gas companies promptly instead of allowing red tape to delay projects after discoveries are made.
And, they need to offer the kinds of fiscal policies that allow oil companies to operate profitably in Africa. In turn, that will help those companies generate revenue, create jobs and business opportunities, and foster capacity building.
I also would encourage governments and civil societies to reward companies that exemplify positive behavior. Let’s incentivize the kind of activities we want, from creating good jobs and training opportunities to sharing knowledge.
And there’s more.
We in Africa must work together to create more opportunities for women to build careers in the oil and gas industry at all levels. Our energy industry can’t reach its potential to do good when half of our population is left out. Our progress on behalf of women has not been great—we need to do better, and we need to act quickly.
How the world can support
Now, I mean it when I say Africans are responsible for building the future they want. But, I would love to see Western governments, businesses, financial institutions, and organizations support our efforts.
How? They can avoid demonizing the oil and gas industry. We see it constantly, in the media, in policy and investment decisions, and in calls for Africa to leave our fossil fuels in the ground. Actions like these, even as Western leaders have pushed OPEC to produce oil, are not fair, and they’re not helpful.
I also would respectfully ask financial institutions to resume financing for African oil and gas projects and stop attempting to block projects like the East African Crude Oil pipeline or Mozambique’s LNG projects.
Please understand that with the war in Ukraine, the energy crises in Europe, and the energy poverty facing our continent, our countries, like many others, are simply choosing the paths they believe are most likely to help their people.
You know, people for years have accused me of loving oil and gas companies more than Africa. The opposite is true. In my frequent travels around the continent, I’ve observed far too many young people with little in the way of opportunities.
I know our young people have aspirations for a better future. I know they have big dreams. And, I know that future is nearly within their grasp.
A thriving, strategically managed energy industry can make it possible for many of these young people, whether it leads to good jobs or it fosters the kind of economic growth that creates jobs in other fields. Even if we only get the lights on in their communities, we’ll be giving our young people hope and improving their chances of realizing their goals.
This is what drives me, the idea that with our ongoing efforts and determination, our young people can realize meaningful opportunities. I encourage each of you to work with us at the African Energy Chamber, in a spirit of cooperation and mutual respect. Together, we can build the kind of African energy movement that our continent, our communities, and our young people need and deserve.
Source: NJ Ayuk, Executive Chairman, African Energy Chamber
IRENA And Azerbaijan Unveil Renewable Energy Partnership For Central Asia At COP29
The International Renewable Energy Agency (IRENA) unveiled a new partnership model that can accelerate renewable energy deployment and foster green industrialisation in Central Asia. The partnership was launched by IRENA at the COP29 Energy Transition Investment Forum for Central Asia.
The two-day forum takes place at COP29 and is co-hosted by IRENA, the COP29 Presidency, and the Ministry of Energy of Azerbaijan bringing together to energy ministers from Azerbaijan, Kazakhstan, Kyrgyz Republic, Tajikistan, Turkmenistan and Uzbekistan.
Central Asian countries are exploring ways to increase the use of renewable energy to address the rising demand for energy, diversify their energy mix, support economic growth and meet climate objectives.
The Accelerated Partnership for Renewable Energy in Central Asia (APRECA), is designed to leverage the collective strengths and resources of Central Asian countries through a robust framework of regional cooperation that aims to fast-track investments, enhance inter-regional connectivity to support renewable energy trade, and maximise socioeconomic benefits.
Central Asia’s abundant renewable energy resources, strategic geographical position, and ongoing efforts to establish a green energy corridor connecting neighboring regions create significant opportunities for the region to position itself at the forefront of an evolving energy landscape,” said IRENA Director General Francesco La Camera.
“APRECA offers a pivotal opportunity to harness this potential through a holistic, country-led partnership model that integrates commitments with effective planning and execution.”
COP29 President H.E. Mukhtar Babayev said: “As we work to enhance ambition and enable action on climate change at COP29, we welcome the launch of the Accelerated Partnership for Renewable Energy in Central Asia by IRENA and Azerbaijan’s Ministry of Energy. Azerbaijan plays an important role in global energy security, with an ambition to have 30% of our domestic demand from renewable energy and export 5GW of renewable energy to Europe by 2030.
“Central Asian countries have an important role to play in supporting global efforts to decarbonise the energy sector, with this announcement marking an important step in achieving our collective climate goals.”
For his part Azerbaijan’s Minister of Energy H.E. Parviz Shahbazov said: “Central Asia Energy Transition Investment Forum is a crucial platform for accelerating sustainable energy transformation in the region, deepening cooperation in renewable energy, and attracting investors to implement strategic projects.
Azerbaijan places great importance on strong collaboration with Central Asian countries in advancing the green energy transition. In this context, we have initiated cooperation on establishing the Central Asia-Azerbaijan Green Energy Corridor, a strategic initiative that will strengthen our countries’ positions in energy security and supply.
The green energy partnership agreement signed within COP between Azerbaijan, Kazakhstan, and Uzbekistan is one of the strategic steps in this direction and will strongly boost international energy cooperation and green investment. Through this Forum, we invite all investors and potential partners to become part of this historic transformation.”
The announcement kicks off the two-day investment forum at COP29, which hosts high-level discussions on energy transition investments and finance in Central Asia, including policies, investment needs and priorities, financial frameworks for climate action and energy transition, access to climate finance, and other innovative financing instruments to support a renewable-driven energy transition for both climate change mitigation and adaptation.
The forum will also explore the challenges faced by developers and financiers in Central Asia, which need to be tackled to enhance the creation of a bankable pipeline of energy transition projects and access to affordable finance.
Source: IRENA.
Oil Executive Sued For Fraud Involving Iranian Firm Under U.S. Sanctions
The Chief Executive of a UK oil and gas firm is being sued by a former company he headed for embezzling funds from sales from an Iranian petrochemicals company designated by the United States.
Francesco Mazzagatti, an Italian national who is CEO and majority owner of UK-based Viaro Energy, is accused by a Singaporean trading company that he headed in 2018-2020 of embezzling money and forging documents as part of a scheme to steal funds from product sales of Iran’s Mehr Petrochemical Company.
The Iranian firm was designated in 2023 by the U.S. Treasury for being part of a significant “shadow banking” network.
Alliance Petrochemical & Investment (API), the Singaporean company in which Mazzagatti was CEO between July 2018 and September 2020, partially owns Mehr Petrochemical Company.
The Singapore-based company alleges in a lawsuit in the High Court in London that Mazzagatti embezzled $151.6 million (143.8 million euros) through product sales of Mehr Petrochemical by forging bank and board documents to divert money to a separate company he has set up in the UAE, the Financial Times reports.
The lawsuit also alleges that Mazzagatti used part of the money to finance the 2020 Viaro Energy acquisition of RockRose Energy.
Since this acquisition, Viaro Energy has acquired 16 non-operated gas interests in the UK.
The most recent deal is a high-profile one—earlier this year, Viaro Energy signed an agreement with Shell and ExxonMobil to acquire a full ownership interest in their Shell-operated UK Southern North Sea assets. The deal has yet to be approved by UK regulators.
Mazzagatti denies all allegations and says the lawsuit has been orchestrated by a third party, Arshiya Jahanpour, a former close friend of his.
The Italian executive’s defense claims that the bank accounts Mazzagatti has opened were “opened by or at the request of Mr Jahanpour, and Mr Jahanpour controlled them at all material times,” FT quotes court documents as saying.
Source: Oilprice.com




Source: https://energynewsafrica.com