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Suncor Energy Inc T.SU

Alternate Symbol(s):  SU

Suncor Energy Inc. is a Canada-based integrated energy company. The Company's segments include Oil Sands, Exploration and Production (E&P), and Refining and Marketing. Its operations include oil sands development, production and upgrading; offshore oil production; petroleum refining in Canada and the United States; and the Company’s Petro-Canada retail and wholesale distribution networks (including Canada’s Electric Highway, a coast-to-coast network of fast-charging electric vehicle (EV) stations). The Company is developing petroleum resources while advancing the transition to a lower-emissions future through investments in lower-emissions intensity power, renewable feedstock fuels and projects targeting emissions intensity. The Company also conducts energy trading activities focused primarily on the marketing and trading of crude oil, natural gas, byproducts, refined products and power. It also wholly owns the Fort Hills Project, which is located in Alberta's Athabasca region.


TSX:SU - Post by User

Comment by Experiencedon Oct 20, 2023 5:58am
115 Views
Post# 35692469

RE:RE:Solid State EV Batteries

RE:RE:Solid State EV BatteriesSome thoughts...

1....from the article in Popular Mechanics we are unlikely to see solid state battery driven cars with the battery as the sole source of the power for at least four years

2...in four years or a few years later (before Government legislated rules on EV new car sales starting 2030) we can expect to see solid state battery cars with a range equal to or probably greater than current ICE cars which IMO will an important game changer due to current issues/concerns about range anxiety

3....it will still take longer than 15 minutes to fully charge the solid state battery at home but that is a non issue since pretty much all people will have all night to charge their vehicles.  Or even if it takes an hour, you could set the timer to charge your car while you getting up in the morning and having breakfast.  Even if it is not fully charged there will be more than enough range for that day since the average distance driven in a day is around 50km.  Where I live many grocery stores have charging stations.  People can charge their cars while they grocery shopping or at the mall.  Full charge?  Not likely but certainly enough to get around for the day.

4....there are certainly issues regarding the reliability of public fast chargers today but the question will be whether that situation still exists in say 4-6 years from now.  Frankly, I doubt it.

5....the article did not talk about the elephant in the room - TSLA.  Right now Musk is relying on his 4680 battery to power the next generation of his cars and poohwhoos the solid state batteries.  If he doesn't change his mind on this subject and solid state batteries become the norm, rival cars will outperform his cars.  All this goes to my points in earlier posts.  I don't own TSLA shares and it is far too early to pick winners and losers. A safer investment strategy is to rely on Government to screw up the transition to a less carbon centric world and invest in companies with solutions to the problems.


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