Cosco’s yard completes Cyprus FSRU conversion job

Energy News Beat

Cosco Shipping Heavy Industry in Shanghai has delivered ETYFA’s converted FSRU which will serve the first Cyprus LNG import terminal in Vasilikos.

CHI Shanghai, the unit of Cosco Shipping, handed over the 137,000-cbm FSRU, Etyfa Prometheas, during a ceremony held on Tuesday, it said in an announcement.

The shipbuilder converted the 2002-built LNG carrier Galea.

CHI Shanghai said is the first that a Moss tank type LNG carrier was converted to an FSRU in China.

The FSRU is 296 meters long, 46 meters wide, and it has four regasification units each with a capacity of 105 mmscfd (million standard cubic feet per day).

In October 2023, the converted FSRU completed its gas trials and this was the last test for the vessel before delivery.

Image: CHI Shanghai

Cyprus announced the start of construction of its first LNG import facility at Vassilikos in July 2020.

The Natural Gas Infrastructure Company (ETYFA), a unit of DEFA, previously signed an EPCOM (engineer, procure, construct, operate, and maintain) contract with a consortium for the project.

The consortium comprises of state-owned China Petroleum Pipeline Engineering, a unit of CNPC, Metron Energy Applications, Hudong-Zhonghua, and Wilhelmsen Ship Management.

Image: CHI Shanghai

Besides the converted FSRU, the project includes a jetty, a pipeline, and other onshore and offshore related infrastructure in Vasilikos.

From there, gas will be piped to shoreside infrastructure with links to the country’s energy grid mainly for power generation purposes.

DEFA’s ETYFA previously expected to launch the LNG import project for power generation in summer 2022, but the project has been delayed.

According to DEFA, the company now expects the project to be completed in the second half of this year.

Local media reports also previously suggested that Cyprus may charter the FSRU in the meantime until the LNG import infrastructure is ready.

(Updated on January 16 to say that CHI Shanghai has delivered the converted FSRU.)

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Enagas wraps up $653 million bond issue

Energy News Beat

Spanish LNG terminal operator Enagas has completed the issue of 600 million euros ($653 million) in bonds maturing in 2034.

Enagas said in a statement that the bond issue, with an annual coupon rate of 3.625 percent, has had a demand five times the amount offered, which shows the “positive reception” the company has received in the capital markets.

Although the company has no relevant maturities until the end of the year, it has taken advantage of the “good” market conditions at the start of the year to carry out this issue, extending the average maturity of its debt and thus covering part of the upcoming maturities.

Enagas said the success of the placement, with respect to its redemption term and coupon, underpins the “good” financial position of the company, which avails of a range of sources of finance.

Following this operation and the planned cancellation of debt, 68 percent of the debt will come from the capital market, 9 percent from long-term institutional financing (EIB and ICO), 14 percent from bank financing and 9 percent from financial leases.

Enagas operates a large network of gas pipelines and has four LNG import plants in Barcelona, Huelva, Cartagena, and Gijon.

It also owns 50 percent of the BBG regasification plant in Bilbao and 72.5 percent of the Sagunto plant, while Reganosa operates the Mugardos plant.

Spanish LNG imports and reloads dropped last year, while total demand for natural gas in 2023 fell due to lower demand for power generation, according to Enagas.

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China Merchants yard kicks off work on Eastern Pacific Shipping’s LNG PCTC

Energy News Beat

China Merchants Jinling Shipyard in Weihai has started building the sixth LNG-powered pure car and truck carrier for Singapore’s Eastern Pacific Shipping.

The shipbuilder held a keel-laying ceremony on January 15 for the vessel (W0305) with a capacity of 7,000 ceu, it said in a statement.

This is the sixth and the last in this batch of LNG dual-fuel PCTCs CMJL (Weihai) will build for EPS.

CMJL (Weihai) expects to deliver all of the vessels in the next two years.

The shipbuilder owned by China Merchants recently delivered the first ship of its 7000 ceu dual-fuel car carrier series to EPS.

CMA CGM Indianapolis will serve CMA CGM’s unit CEVA Logistics under a charter deal.

At nearly 200 meters in length, the vessel has the capacity to transport 7,000 cars while its deck surface is spread across 12 levels.

With a width of 38 meters, the ship has a gross tonnage of 72,000 tons and will move at a max speed of 19 knots.

The RoRo vessels’ hybrid power system includes both LNG and electric battery capabilities and it is equipped with two 2000 cbm LNG tanks.

Besides these ships, EPS also has LNG-powered PCTCs on order at China Merchants Jinling Shipyard in Jiangsu.

EPS recently took delivery of the second of ten LNG-powered PCTCs from this yard.

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Karpowership, MAN ink deal for 48 dual-fuel engines

Energy News Beat

Turkey’s Karpowership, part of Karadeniz, and German engine maker MAN Energy Solutions have signed a contract for the delivery of a total of 48 dual-fuel engines for Karpowership’s fleet of powerships.

MAN said in a statement that the engine order consists of MAN 18V51/60DF dual-fuel engines with a mechanical output of 20.7 MW each, while the engines will be split between a number of Powerships.

In addition to the engines, MAN will also supply the control systems for the powerships as well as other electromechanical equipment.

MAN did not provide the price tag of the contract.

Karpowership has the world’s largest fleet of powerships. The active fleet currently comprises a total of 36 powerships with a total capacity of 6,000 MW.

The future newbuilds equipped with MAN engines will also be deployed globally and in various regions of Asia, South and Central America, and Africa, the statement said.

Karpowership aims to expand its activities into the natural gas, biomethane, hydrogen, and LNG space by leveraging its experience with floating energy infrastructure.

The company launched its first LNG-to-power project in Indonesia in 2020.

In September 2023, it signed a memorandum of understanding with Argentina-based Galileo Technologies to develop solutions in the FLNG sector and also other areas.

Most recently, the firm joined forces with Pertamina International Shipping (PIS), a shipping unit of Indonesia’s state-owned energy firm Pertamina, to develop LNG infrastructure.

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LNG Tankers Divert From Red Sea as Qatar Warns of Escalation

Energy News Beat
Qatar rerouted three vessels heading to Europe via Suez Canal
Russia also avoiding key waterway as Houthi attacks continue

Liquefied natural gas suppliers, including Qatar and Russia, are avoiding the Red Sea amid heightened risk of attacks by Houthis militants and warnings of escalation from Doha.

The LNG tankers are joining a swath of ships that are taking the much-longer route around Africa instead of the Suez Canal as tension in the Middle East reshapes shipping routes and sends the industry into turmoil. Attacks by the US and its allies on Houthi positions in Yemen in recent days “will create a high risk of further escalation and further expansion,” Qatari Prime Minister Sheikh Mohammed Bin Abdulrahman Al Thani said at the World Economic Forum in Davos.

“This has changed how we view international trade,” he said. “LNG will be affected. There are alternative routes. They are less efficient.”

Qatar diverted three Europe-bound LNG tankers away from the Red Sea on Tuesday and toward the Cape of Good Hope in southern Africa, or to southeast Asia, according to ship-tracking data compiled by Bloomberg.

LNG Tankers Divert From Red Sea as Qatar Warns of Escalation

Two others, including one controlled by Russia’s Yamal export project, diverted away from the northern entrance of the Suez Canal late Monday, according to the data. They had been waiting at the canal’s entrance, and were likely carrying gas destined for Asia.

Qatar and Russia had until now been the last major LNG suppliers continuing to use the Suez Canal to cut transit times to Europe. Gas carriers have seen the biggest drop in journeys via the Red Sea, with the number of ships falling 96% from a month ago.

The diversions come as the US warned shipowners to steer clear of the Red Sea following its attack in Yemen in retaliation for Houthi aggression. A US-owned commercial vessel was hit by an anti-ship ballistic missile fired by the Iranian-backed rebel group on Monday.

While the longer LNG journeys will tie up tankers and boost freight costs, they’re not expected to lead to shortages in Europe, given high stockpiles and subdued industrial demand there. Moving liquefied gas from Qatar to the UK via southern Africa takes about 27 days, compared with 18 through the Suez Canal, according to ICIS.

An empty Qatari LNG tanker returning from Europe, which had paused in the Red Sea over the weekend, is now heading toward the narrow Bab el-Mandeb Strait, the site of the majority of the Houthi attacks, according to the data.

source: Bloomberg

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Shell sells Nigerian onshore unit

Energy News Beat

LNG giant Shell has agreed to sell its Nigerian onshore subsidiary SPDC to Renaissance for up to $2.4 billion.

Renaissance is a consortium of five companies comprising four exploration and production companies based in Nigeria and an international energy group. The companies are ND Western, Aradel Energy, First E&P, Waltersmith, and Petrolin.

UK-base Shell said in a statement on Tuesday that it will receive $1.3 billion as part of the transaction, while Renaissance will make additional cash payments to Shell of up to $1.1 billion, primarily relating to prior receivables and cash balances in the business.

The majority of the amount is expected to be paid at completion of the transaction, which remains subject to approvals by the government of Nigeria and other conditions, it said.

Shell said the transaction has been designed to preserve the full range of SPDC’s operating capabilities following the change of ownership.

This includes the technical expertise, management systems, and processes that SPDC implements on behalf of all the companies in the SPDC joint venture, while SPDC’s staff will continue to be employed by the company as it transitions to new ownership.

The SPDC JV is an unincorporated joint venture comprised of SPDC (30 percent), the government-owned Nigerian National Petroleum Corporation (55 percent), Total Exploration and Production Nigeria (10 percent) and Nigeria Agip Oil Company (5 percent).

It holds 15 oil mining leases for petroleum operations onshore and 3 for petroleum operations in shallow water in Nigeria.

Following completion, Shell will retain a role in supporting the management of SPDC JV facilities that supply a major portion of the feed gas to Nigeria LNG, to help Nigeria achieve maximum value from NLNG, it said in the statement.

NLNG, the operator of the six-train 22 mtpa LNG terminal,is owned by NNPC (49 percent), Shell (25.6 percent), TotalEnergies (15 percent), and Eni (10.4 percent).

Besides the six existing trains, Nigeria LNG is also adding the seventh production unit at the Bonny Island plant.

Shell’s interest in NLNG is outside the scope of this transaction, as well as SNEPCo, which produces oil and gas in the deepwater Gulf of Guinea and SNG, which provides gas to domestic industrial and commercial customers.

Shell said the net book value of the entity subject to this transaction is about $2.8 billion as at December 31, 2023.

Under the agreed deal structure, economic performance accrues to the buyer with effect from December 31, 2021.

However, Shell will continue to consolidate SPDC until control transfers at completion.

At closing, Shell will provide secured term loans of up to $1.2 billion, to cover a variety of funding requirements.

Also, Shell is providing additional financing of up to $1.3 billion over future years to fund SPDC’s share of the development of the SPDC JV’s gas resources to supply feedgas to NLNG, and its share of specific decommissioning and restoration costs.

This additional financing will only be drawn down when these costs are approved and incurred by the SPDC JV, Shell said.

“This agreement marks an important milestone for Shell in Nigeria, aligning with our previously announced intent to exit onshore oil production in the Niger Delta, simplifying our portfolio and focusing future disciplined investment in Nigeria on our deepwater and integrated gas positions” said Zoë Yujnovich, Shell’s integrated gas and upstream director.

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Davos 2024: Climate imperatives centre stage as global leaders wrestle with historic challenges, activist scepticism

Energy News Beat

The World Economic Forum (WEF) annual meeting in Davos, Switzerland, has thrust climate change into the limelight as leaders grapple with the pressing challenges outlined in the WEF’s Global Risks report. With COP28 fresh in memory and the climate crisis topping the list of the next decade’s biggest risks, governments and business leaders face monumental tasks amid deepening international divisions.

The WEF’s Global Risks report, published ahead of Davos, identifies climate change as one of the most significant threats over the next decade. While misinformation and disinformation were deemed the most immediate risks, half of the most severe threats over the next decade are environmental.

These include extreme weather events, changes to Earth’s systems, biodiversity loss, ecosystem collapse, and a scarcity of natural resources. Of the 1,400 global experts surveyed, two-thirds expressed concerns about extreme weather events in 2024. The report emphasizes the scarcity of cooperation on global issues like climate change and calls on leaders to rethink strategies and foster research into areas such as climate modeling and green transition technologies.

Klaus Schwab, founder and executive chairman of the WEF, urged delegates to “advance dialogue, strengthen cooperation, and deepen partnerships on critical global challenges” in a world marked by fractures and growing societal divides. Following historic agreements at COP28, including tripling renewable energy and transitioning away from fossil fuels, Davos faces the challenge of translating these pledges into tangible actions.

Addressing and mitigating climate change is seen by the WEF as a crucial way for leaders to demonstrate responsible leadership and cooperation. The theme “Rebuilding Trust” at this year’s Davos meeting aligns with the need for concrete plans to achieve carbon neutrality and protect nature.

Leaders will discuss long-term plans to achieve a carbon-neutral and nature-positive world by 2050 while ensuring affordable, secure, and inclusive access to energy, food, and water. Green technology is expected to be a focal point of discussion, particularly regarding the energy transition, one of the six main themes at Davos.

The International Energy Agency’s recent revelation of a rapid surge in renewable energy rollout adds momentum to the discussions. Despite these discussions, Davos has long faced criticism as a symbol of global elitism. Activists argue that the WEF elite has been complacent about the realities of the climate crisis. Greta Thunberg, the Swedish climate activist, denounced the attention given to those “fueling the destruction of the planet” at Davos.

Ahead of the annual meeting, climate activists took to the streets, blocking the road to the WEF venue and causing an 18-kilometer traffic jam. Protestors gathered under the banner “Smash WEF – take back control!” with demands, including a global tax on the largest assets to finance socially just climate protection.

Nicola Siegrist, President of JUSO Switzerland, expressed concerns about the wealthiest and most powerful individuals addressing global crises behind closed doors, emphasizing the urgency of addressing climate change, war, fascism, and injustice. As Davos unfolds, the challenge lies in bridging the gap between the discussions within the exclusive meeting rooms and the expectations and demands of climate activists advocating for more inclusive and actionable strategies to combat the climate crisis.

The world watches closely as leaders navigate these challenges in the quest for a sustainable and equitable future. (ANI)

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)

Source: Devdiscourse.com

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Beware the WEF’s new misinformation panic

Energy News Beat

AI-powered lies and manipulation constitute the gravest threat to humanity. At least this is the dystopian scenario espoused by the collective wisdom of 1,500 experts surveyed in the World Economic Forum’s 2024 Global Risks Report last week.

Unfortunately, such outbreaks of “elite panic” are a recurring phenomenon. Whenever the public sphere is expanded through new communications technology, the traditional gatekeepers fret about the dangers of allowing the general public — too fickle and unlearned — unmediated access to information.

As the WEF’s annual meeting in Davos begins this week, the fear of democratic institutions drowned by lies in a “tech-enabled Armageddon” supercharged by AI marks the third wave of elite panic in the digital age. The first wave was ushered in by the widespread belief that Russian disinformation campaigns on social media contributed decisively to Donald Trump’s 2016 election victory. The second wave was the so-called “infodemic” unleashed by Covid-19.

It is undeniable that lies, propaganda and conspiracy theories thrive online and can lead to real-world harms. But there are good reasons to take a deep breath and adjust the hands of the disinformation Doomsday Clock. For all the visibility of mis- and disinformation, several studies suggest that its share of overall online content is modest. What’s more, those most likely to fall for and share unhinged conspiracy theories constitute a relatively small group of political hyper-partisans with low trust in institutions and the media, who already live in warped realities. For instance, one study showed that a mere 12 people were behind 65% of online vaccine misinformation.

Quite often, it is the panic that causes more problems than the issue itself. Over the years, top-down measures used to “combat misinformation” have resulted in higher degrees of censorship, which can also be weaponised. The first two waves of elite panic demonstrate this danger vividly: between 2016 and 2022, 91 laws were passed to target false or misleading information around the globe, leading to the arrest of journalists and others who questioned official government policy.

France adopted a fake news law in 2018, and in 2022 the EU banned state-sponsored Russian media from being broadcast and even shared on social media. Both impeded efforts to document and debunk Russian propaganda. Meanwhile, in December 2023 the European Commission opened a legal investigation into X (previously Twitter), alleging shortcomings in the  “effectiveness of measures taken to combat information manipulation on the platform” under its sweeping new Digital Services Act. This grants the Commission — a political body — powers to enact and enforce new speech rules affecting even legal content.

In the US the First Amendment prohibits such measures. But this didn’t deter the federal government from trying to stem the tide of false information about Covid-19, vaccines and the 2020 presidential election. In September 2023, a federal court ruled that government officials — including at the White House, the CDC and the FBI — had likely violated the First Amendment in “a coordinated campaign” to put pressure on social media platforms to remove constitutionally protected content (the decision is pending before the Supreme Court). It is not difficult to imagine how these precedents can be used to target other forms of information that governments might deem undesirable under the nebulous term of “disinformation”.

Elite panic doesn’t just have serious consequences for the ecosystem of free expression necessary for the pursuit of truth. The tendency to focus on the dangers of technology and its users ignores that much misinformation — not to mention outright lies — comes from the very politicians and governments who want coercive powers to define what is true or false. Optimising a rapidly evolving information environment for trust and reliability is a crucial task in the years ahead. Achieving this goal will be difficult; guided by elite panic, it might just be impossible.

Source: Unherd.com

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No calling in sick or waiting for a nice day – the grid has to perform on the worst of them

Energy News Beat

Saturday night, the middle of the cold snap, was something to be endured. Things break at -36 degrees. A quick run to the grocery store was rerouted by a fleet of city vehicles tearing up the street in a considerable manner, most likely chasing a broken water main or some such. Imagine being without water on a night like that. 

Half an hour later it got worse – the provincial grid operator issued an alert for people to “immediately limit their electrical use to essential needs only.”

Keep in mind the staggering circumstance, and location, of that alert: Alberta. Even the province’s biggest naysayer would have to admit that the province is an energy juggernaut, blessed with resources most of the world can only dream of, including and especially energy. 

If power consumption levels were not reduced, there could have been rolling blackouts. Anyone care to imagine what that would have been like at -35 degree temperatures?

Hopefully every single voter in Canada, and the US for that matter, is paying attention. The false prophecies of utopian energy transitions visions are, quite clearly, dangerously false.

The media feeds you dumbed-down pablum; don’t take it at face value. Instead of listening to blathering about “new installed capacity”, pay attention to actual output. In extreme cold, wind and solar output fall to zero, or very close. It doesn’t matter if there are a billion gigawatts of ‘capacity’ installed.

Everyone needs to understand the fundamental issue that was best described by Nassim Taleb via his turkey analogy. A turkey has 364 days of a very good life, followed by one very bad day come Thanksgiving. It is the bad day that matters, not 364 good ones. A deadly day is a deadly day.

It’s the same with renewables penetration, and how it makes the news ‘on the good days’. Activists and simplistic policymakers (but I repeat myself) tout how a particular jurisdiction may have at such and such a time sourced “xx percent” of power from renewables. Yay, look at the progress, marching ever higher. But it’s not what it sounds like. It doesn’t matter if a country or state or province gets 80% of its power from solar at the peak of a good sunny day, nor if 80% comes from wind on a particularly windy day. Those are misleading numbers, because the system must be fully capable of meeting peak demand every day, and not just ‘on a good day’.

According to AESO, the provincial grid operator, Alberta has 4,481 MW of wind power capacity. At the peak of last weekend’s deepfreeze, it was producing about 1/3 of one percent of that total. Not just useless, but far worse: useless when needed exactly the most.

What matters is: how does the system perform at peak times – what is going to show up on demand?

Just like everyone else that’s trying to bring rationality to this conversation, I need also point out that wind and solar are welcome additions, in moderate amounts, sited where they do the least damage, and as supplements to a grid. 

But that’s where the conversation needs to get serious. The real danger out there are people that want an energy transition so badly, or are employed as ‘climate architects’ such that their career depends on it, who sweep some mighty big things under the rug.

“We just need more storage, then wind and solar will be able to carry the load.” Not possible, not if batteries are the vision. Imagine a day’s worth of battery power supply for the entire province. Or two days. The cost would be off the charts, and, then after two days of ‘usage’, how would the batteries get recharged if the cold spell persisted more than a few days? Is that the kind of backup anyone would accept? We’ll have power again if the wind picks up strongly and consistently for the next week, if not, well, good luck?

“Sure we can handle an all-EV world because users can charge at night.” I’ve seen this argument now and then, based on some simplistic studies that show, correctly, that financial enticements can get people to charge EVs at off peak hours. But that’s a red herring in the world we are headed for, “electrify everything”. If we do electrify even half of what we could, then peak demand will still go way up, as will our life-perched dependency on it. More EVs just mean more load. And not all EVs will shift to night charging; it is some pretty weak thinking to imagine that all EV owners will have that optionality, or live in a place that allows it, or won’t be travelling, etc. And remember that the feds’ plan is for all vehicles to be electrified. So maybe J. Consumer in suburbia can shift his EV to night charging, but what about a fleet of city buses, or Uber drivers, or forklifts, or taxis, or…the list is endless.

“We can switch to heat pumps.” This one takes the cake. Heat pumps will exacerbate the problem at the exact worst time – when it is coldest, and when power demand is highest, and when the grid is maxed out. It is the opposite of proponents who say EVs can charge at off peak hours – heat pumps will be called into full service precisely at peak hours. Taleb’s turkey again: a mass-heat-pump system will be wonderful on many days, but on the very worst day, all goes black. And cold. 

There is no joy in this silly debate we seem to be in with ideologues, particularly when the threat of rolling blackouts is announced by the grid operator. But there is also no time to waste indulging people who want to rewire the grid with “well academic studies say this should work.” Set up your own commune somewhere and experiment for a few years and at least one winter cold snap, then let us know how it goes.

Wishful thinking doesn’t turn many wrenches, nor does it heat homes. Wishful thinking is not what an energy system can or should be built on. Energy is life or death in extreme weather. Ideology is the last thing that should be involved in energy supply, and yet we are up to our ears in it, a situation that is becoming dangerous.

People can see this. They may not understand how grids (and energy) work, but they know when something smells bad. That’s why federal government support is at such lows, and why distrust in the media is at such highs. Political scientists telling you “Don’t worry, we know how to design a new grid” are no match for the likes of, for example, real-world experiences such as this relayed by a gentleman named John Wright on LinkedIn: “Currently out at our cabin trying to help out our heat pumps (we run three geothermal units and they are running full out with auxiliary/ supplemental heating coils engaged). We have two propane fireplaces burning full time in addition to all the firewood that we’re also splitting and burning, and all of the burners on the cooktop are on. It’s probably about +12.5° C inside here vs -36°C outside…Everyone seems to ignore the fact that heat pumps are a huge draw on the power grid. Our power bill could easily be $1500.00 to $2000.00 for January…By the way, the power consumption and poor performance is the same in the summer when it is +36°C here.”

And finally, it is important to note that the gradual but persistent undermining of the hydrocarbon industry will have massive consequences, because hydrocarbons underpin everything we use and do. Governmental and media animosity will drive away capital (don’t wonder why dividends are such a popular thing in the oil and gas sector – capital flight in full view) and ultimately weaken a pillar of our economy. Until nuclear energy is ubiquitous, or some technological breakthrough happens, we need reliable, baseload power, which at this time in history means hydrocarbons, here and around the world. That baseload is not guaranteed, it is not a right, it is not going to be sustained if capital is chased away from it. 

Voters, it’s up to you. Demand more from your politicians, but also demand better conversations from the entire energy industry as well. We owe you that.

Source: Boereport.com

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Chicago-area Tesla charging stations lined with dead cars in freezing cold: ‘A bunch of dead robots out here’

Energy News Beat

Desperate Tesla owners in and around Chicago were seen trying to charge their vehicles with no luck amid frigid temperatures that have gripped the Midwest.

Charging stations have essentially turned into car graveyards in recent days as temperatures have dropped to the negative double digits, Fox Chicago reported.

“Nothing. No juice. Still on zero percent,” Tyler Beard, who had been trying to recharge his Tesla at an Oak Brook, Illinois Tesla supercharging station since Sunday afternoon, told the news outlet. “And this is like three hours being out here after being out here three hours yesterday.”

Beard and several other Tesla owners were trying to charge their cars amid long lines and abandoned cars at other Tesla charging stations in the Chicago area, the news station reported.

“This is crazy. It’s a disaster. Seriously,” said Tesla owner Chalis Mizelle.

Mizelle said she abandoned her car and got a ride from a friend after hers would not charge.

“We got a bunch of dead robots out here,” one man said.

Kevin Sumrak told the Fox station that he landed Sunday night at Chicago O’Hare International Airport and found his Tesla dead and unable to start. He was forced to hire a flatbed tow truck to haul the vehicle to a working charging station.

One expert told the news outlet that cold weather can impact the ability of electric vehicles to charge properly.

“It’s not plug and go. You have to precondition the battery, meaning that you have to get the battery up to the optimal temperature to accept a fast charge,” said Mark Bilek of the Chicago Auto Trade Association.

FOX Business has reached out to Tesla, but has not yet heard back.

Source: Foxbusiness-com.cdn.ampproject.org

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