General Motors is looking to secure its critical mineral supply chain with investments in projects in Argentina and Nevada.
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Current Climate: Funding For Carbon-Reduction Tech Hits $4.2 Billion
Katie Jennings and Alan Ohnsman of Forbes report on carbon-reduction funding. “Last year investors pumped nearly $4.2 billion into startups working on technology to reduce CO2 emissions, up from $3.6 billion in 2021, according to PitchBook. The number of deals also increased to 204 in 2022 from 167 in 2021. Svante, a Canada-based carbon capture startup,...
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U.K. Prime Minister Rishi Sunak Tries Free-Market Recipe to Fix Britain’s Woes
"The U.K. has neither the market nor the money to compete on [the scale of the Inflation Reduction Act], and some U.K. companies have already said they plan to expand in the U.S. or Europe rather than at home. Mr. Sunak looked askance at the very idea of industrial policy. 'I tend to think heavy state and government involvement in the economy is not something that necessarily always produces the best outcomes,' he said. 'Government picking winners has never gone particularly well.'"
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Former oilfield engineers launch climate startup that uses ancient carbon-trapping technology
"Biochar is typically made through a process called pyrolysis where organic material is heated to a high temperature in a low-oxygen environment, creating a high-carbon material. Biochar was used historically to enrich soil, making it more fertile for crops."
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Sila Introduces Titan Silicon™, Nano-Composite Silicon Engineered for Mass Scale to Power a 20% Increase in Vehicle Range and Dramatically Reduce Charge Time
"Last Spring, Mercedes-Benz, the company’s first automotive customer, announced that it had selected Sila’s NCS for its luxury electric fleet, starting with the Mercedes-Benz G-Class, due out by mid-decade."
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Gas Stove Bans Promoted From Baseless Conspiracy Theory To New York State Policy
Christian Britschgi of Reason reports on New York’s gas stove ban. “New York’s new state budget includes a provision banning gas stoves in new residential construction. CNN reports that only electric stoves will be allowed in buildings under seven stories by 2026 and taller buildings by 2029.” Read the full article here.
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Microsoft and Helion want to build the world’s first fusion plant and seize energy’s ‘Holy Grail’
"Engineers for decades have chased the promise of fusion energy — a potentially limitless source of carbon-free power. There are demonstration fusion reactors running or under construction around the world. But none of the commercial devices — including Helion’s reactors — have been able to produce more electricity than they require to operate, let alone generate enough power to send to the grid. Some in the clean energy industry are skeptical it will ever work."
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Zap Energy lands $5M federal grant and ‘vote of confidence’ in pursuit of fusion power
"Last year Zap raised $160 million in a round led by Chris Sacca’s Lowercarbon Capital. Its additional investors are Breakthrough Energy Ventures, Shell Ventures, DCVC, Valor Equity Partners, Addition, Energy Impact Partners, and Chevron Technology Ventures."
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Centrus Energy to start nuclear fuel production two months ahead of schedule
"Centrus said the capacity of the 16-centrifuge cascade that is expected to begin enrichment operations in October will be about 900 kilograms of HALEU per year, but with sufficient funding and offtake commitments, production could expand significantly."
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The long road to clean energy innovation
A recent IEA report stated that in order for the world to reach carbon neutrality by 2050, drastic technological innovations need to occur.
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