{"id":319956,"date":"2024-04-22T17:47:32","date_gmt":"2024-04-22T15:47:32","guid":{"rendered":"https:\/\/climatescience.press\/?p=319956"},"modified":"2024-04-22T17:47:36","modified_gmt":"2024-04-22T15:47:36","slug":"another-day-on-the-road-to-green-energy-ruin-and-the-posterchild-of-green-manufacturing-collapsess","status":"publish","type":"post","link":"https:\/\/climatescience.press\/?p=319956","title":{"rendered":"Another day on the road to Green Energy Ruin, and the posterchild of Green Manufacturing collapsess"},"content":{"rendered":"\n
\"\"<\/figure>\n\n\n\n

<\/p>\n\n\n\n

From JoNova <\/a><\/p>\n\n\n\n

By Jo Nova<\/strong><\/a><\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

It\u2019s just another signpost on the way to the Great Green Economy Downunder<\/h4>\n\n\n\n

We\u2019re watching the renewable bubble pop around us. Tritium<\/em> was the wonder-child Australian technology business that built fast chargers for electric vehicles. It took 20 years to create, and only two years to unravel into receivership. At its peak in 2021, it launched on the NASDAQ and was worth $2 billion, now it is insolvent.<\/p>\n\n\n\n

The Driven<\/em>, explains just how big it was:<\/a><\/p>\n\n\n\n

The company says it has sold more than 13,000 DC fast chargers in more than 40 countries. At its peak it claimed to be the biggest maker of fast chargers in the US with a 30 per cent market share (unclear if this included the Tesla network), and a 75 per cent share in Australia, and one of the top three in Europe.<\/p>\n\n\n\n

When it launched in 2021, shares were selling for $2,500 each. The current price is $1.35.<\/p>\n\n\n

\n
\"\"<\/figure>\n<\/div>\n\n\n

<\/p>\n\n\n\n

Tritium is the perfect emblem for the Technocratic Planned Economy<\/h4>\n\n\n\n

Only one year ago the Prime Minister of Australia was raving about them, and using Tritium as the posterchild to sell his  new $15 billion \u201cNational Reconstruction Fund\u201d to \u201cbuild sovereign capability\u201d.<\/a><\/p>\n\n\n\n

During his visit, the Prime Minister said, \u201cThis is my third visit to Tritium. Every time I come back, I hear about more revenue, more jobs being created, and more countries where Australia is exporting to. This is a great success story here and I congratulate everyone at Tritium for their achievements.\u201d<\/em><\/p>\n\n\n\n

Nick Bonyhady and Tom Rabe at The Australian Financial Review<\/em> point at energy prices:<\/p>\n\n\n\n

A Nasdaq-listed electric vehicle fast-charger company hailed first as a Queensland success story and then as a justification for government subsidies is the second major Australian manufacturer to collapse this week.<\/p>\n\n\n\n

Tritium\u2019s demise comes just days after Australia\u2019s largest plastics producer, Qenos, was placed into administration, <\/a>and as an industry chief warns that rising east coast gas prices will continue to threaten a range of domestic manufacturing across the country.<\/p>\n\n\n\n

In 2021 Australia was the world\u2019s largest exporter of LNG<\/a> but in a quest for climate purity we\u2019ve banned so many exploration sites, and pursued so many stupid energy options we are about to start importing gas<\/a>.<\/p>\n\n\n\n

\u201d Gas industry leaders have labelled \u201cbizarre\u201d and unbelievable the likelihood that Australia could soon start importing gas.\u201d<\/strong><\/p>\n\n\n\n

Daniel Mercer, ABC<\/p>\n\n\n\n

Peter Tinley [MP] said it made no sense for states to ban the practice of fracking to develop onshore gas reserves while also allowing the import of offshore supplies that were exploited using the same method.<\/p>\n\n\n\n

Victoria has banned fracking through legislation since 2017.<\/p>\n\n\n\n

\u201cI find it ironic that some jurisdictions ban fracking, for example, but will eventually be importing fracked gas,\u201d Mr Tinley told the Australian Domestic Gas Outlook conference in Sydney. \u201cHow do you correlate that?<\/p>\n\n\n\n

h\/t CO2 Lover, Old Ozzie, David Maddison.<\/p>\n\n\n\n

Image by\u00a0Reto Scheiwiller<\/a>\u00a0from\u00a0Pixabay<\/a><\/p>\n\n\n\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

We\u2019re watching the renewable bubble pop around us.\u00a0Tritium\u00a0was the wonder-child Australian technology business that built fast chargers for electric vehicles. It took 20 years to create, and only two years to unravel into receivership. At its peak in 2021, it launched on the NASDAQ and was worth $2 billion, now it is insolvent.<\/p>\n","protected":false},"author":121246920,"featured_media":319961,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_coblocks_attr":"","_coblocks_dimensions":"","_coblocks_responsive_height":"","_coblocks_accordion_ie_support":"","advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[1],"tags":[691818216,691828279,691828277,691818371,691828278],"class_list":["post-319956","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized","tag-australia","tag-dc-fast-chargers","tag-green-economy-downunder","tag-jobs","tag-tritium","fallback-thumbnail"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/04\/2fd4d8bc5e545a7c41ae93fe88a4abde.jpeg?fit=1456%2C816&ssl=1","jetpack_likes_enabled":true,"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/paxLW1-1leA","jetpack-related-posts":[{"id":418920,"url":"https:\/\/climatescience.press\/?p=418920","url_meta":{"origin":319956,"position":0},"title":"President Trump Invests in a Nuclear Fusion Startup","author":"uwe.roland.gross","date":"12\/28\/2025","format":false,"excerpt":"TAE Technologies wants to start building a commercial hydrogen boron fusion reactor in 2026.","rel":"","context":"In \"Boron Hydrogen plasma\"","block_context":{"text":"Boron Hydrogen plasma","link":"https:\/\/climatescience.press\/?tag=boron-hydrogen-plasma"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/12\/AQNlnF984ggOqNjaRa8JuNsrIbbLQ9ye0NR_Et_tazBt6j5o7HSgkGSPI4-Yv74YggbrnQUnx-1iCCan9m-yVFB5-gXmqL24DVuzeNBE36SebuuJAT2G-sVrwlmfxrU.jpeg?fit=1200%2C670&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/12\/AQNlnF984ggOqNjaRa8JuNsrIbbLQ9ye0NR_Et_tazBt6j5o7HSgkGSPI4-Yv74YggbrnQUnx-1iCCan9m-yVFB5-gXmqL24DVuzeNBE36SebuuJAT2G-sVrwlmfxrU.jpeg?fit=1200%2C670&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/12\/AQNlnF984ggOqNjaRa8JuNsrIbbLQ9ye0NR_Et_tazBt6j5o7HSgkGSPI4-Yv74YggbrnQUnx-1iCCan9m-yVFB5-gXmqL24DVuzeNBE36SebuuJAT2G-sVrwlmfxrU.jpeg?fit=1200%2C670&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/12\/AQNlnF984ggOqNjaRa8JuNsrIbbLQ9ye0NR_Et_tazBt6j5o7HSgkGSPI4-Yv74YggbrnQUnx-1iCCan9m-yVFB5-gXmqL24DVuzeNBE36SebuuJAT2G-sVrwlmfxrU.jpeg?fit=1200%2C670&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/12\/AQNlnF984ggOqNjaRa8JuNsrIbbLQ9ye0NR_Et_tazBt6j5o7HSgkGSPI4-Yv74YggbrnQUnx-1iCCan9m-yVFB5-gXmqL24DVuzeNBE36SebuuJAT2G-sVrwlmfxrU.jpeg?fit=1200%2C670&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":243928,"url":"https:\/\/climatescience.press\/?p=243928","url_meta":{"origin":319956,"position":1},"title":"Are electric vehicle charging stations really worth taxpayer money?\u201d","author":"uwe.roland.gross","date":"02\/09\/2023","format":false,"excerpt":"Charging at home is a favored feature of electric vehicles (EVs). 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