"The deal underscores increased interest by VC investors in companies addressing climate change. Funding for climate tech startups hit a record $111 billion in 2021, according to a report from U.K. startup network Tech Nation."
Kore Power raises $75M to build lithium-ion battery cells in Arizona
"Kore isn’t primarily focused on EVs, although it does plan to supply its battery cells to electric-drivetrain startup ZEVX and potentially to other automakers. It’s also aiming at the stationary-storage market, another market segment that has received a significant boost from tax incentives in the Inflation Reduction Act. In March, Kore acquired Northern Reliability, a storage-system integrator and developer that it has renamed Kore Solutions, to serve these markets."
Exxon, Japan’s Mitsubishi Heavy tie-up in carbon capture technology
"CCS technology has been used for years, often to enhance oil well production rates, but rising carbon prices in regions such as Europe have lifted hopes it might take off as a stand-alone business in the future."
Solar-Panel Shortage Snarls U.S. Green-Energy Plans
"The disruptions have pummeled solar deployment in the U.S., where domestic manufacturers are few and imports, largely from Chinese and other Asian makers, account for more than 80% of all panels used. An estimated 23 gigawatts’ worth of big solar projects have been delayed so far this year—almost twice as much as was installed in all of 2021 and approaching a third of all such projects in development, according to the American Clean Power Association, an industry group."
Shell to Buy Biogas Producer in $2 Billion Deal
"Shell and BP are both looking to use their global oil-and-gas trading arms to reach existing customers willing to pay a premium for cleaner fuel, and to tap new markets as they invest in expanding the biogas businesses. Neither deal changes the dividend or buyback plans of Shell and BP, the companies have said, in a year of huge cash payouts to investors."
South Korean firm to spend $3.2B in TN, create 1,000 jobs in what governor calls historic investment
"Shin said the factory is projected to produce 120,000 tons of cathode battery materials annually once fully operational, which is enough to power batteries in 1.2 million electric vehicles."
Biden’s Proposed Windfall Tax on Gas Companies Is a Bad Idea
Blaming these companies negates the fact that high profits are being driven by global energy shortages.
Syzygy Plasmonics Raises $76 Million Series C Led by Carbon Direct Capital to Accelerate Delivery of Low-Carbon Hydrogen Technology
Syzygy Plasmonics has raised $76 million in Series C funding. “Rather than rely on thermal energy, Syzygy Plasmonics harnesses the power of light to energize chemical reactions. This approach is designed to reduce feedstock waste while producing fewer emissions when powered by renewable electricity. Select Series C participants have also entered into commercial agreements with...
Dandelion Energy raises $70M to take geothermal heat pumps mainstream
"By drilling hundreds of feet into the ground, Dandelion taps a secure reservoir of heat in the winter, and in the summer, the pump removes heat from the house to cool it."
Enel to Build Massive Solar Panel Factory in U.S.
"The factory will also manufacture solar cells, the building blocks for solar panels and a component not currently produced in the U.S., after the last few manufacturers went out of business or were priced out of the market by cheaper imports in recent years."
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