Ben Geman of Axios reports that TPG Capital has raised $5.4 billion for its new climate fund. “The fund is backed by major investors including Allstate, AXA, The Hartford, but also corporate giants like Google parent Alphabet, Bank of America, Dow, GM, Nike and others.” Read the full article here.
Ken Silverstein on Forbes writes about the efforts of the private sector to create long-term energy storage. “If voracious energy users such as data centers are to hit their net-zero targets, they must run their enterprises on renewable energy. But the sun does not always shine and the wind does not always blow. So long-term...
"While RNG only makes a small percentage of our energy make-up today, the opportunities are tremendous and should be a part of the clean energy future New Jersey is pursuing. The more solutions we have to meet both our energy needs and environmental goals the better."
"Form is preparing to soon be in production of the 'kind of battery you need to fully retire thermal assets like coal and natural gas' power plants, said the company’s chief executive, Mateo Jaramillo, who developed Tesla Inc.’s Powerwall battery and worked on some of its earliest automotive powertrains."
Article originally on ClearPath Bipartisan support for energy storage innovation is strong and growing. On July 14, the U.S. Department of Energy (DOE) announced the launch of “Long Duration Storage Shot,” part of DOE’s new “Energy Earthshots Initiative” to accelerate breakthrough energy technologies. Storage Shot builds on years of bipartisan initiatives on energy storage, including the Trump...
"Bipartisan climate change legislation in the 117th Congress is possible. Finding common ground requires lots of listening and learning on both sides, but it can happen. In rooms full of unlikely allies, it already is."
Rather than increasing taxes and regulations, the EU should look to free markets to address climate change.
Johana Criter on CleanTechnica reports that Tesla will open up its superchargers to other electric vehicles later this year. “Tesla’s mission is to accelerate the transition to sustainability, and by opening up its Supercharging network to other EVs, it’s doing just that. Of course, I’m sure Tesla will make extra money from the service, but...
"Most people think leading a sustainable life means you have to give up modern luxuries. Zymergen is changing this by showing that it is possible to have sustainability and enjoy products at the same time. Serber is clear that quality and function cannot be sacrificed for an eco-friendly label."
"[I]f these tariffs are likely to prove pointless from an environmental point of view, they are even more likely to prove destructive from an economic point of view."
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