"The new money comes from the French government, the European Investment Bank, the space-focused growth fund NewSpace Capital, and the VC arm of banking giant BNP-Paribas."
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Mammoth zero-emission mining truck makes its debut in South Africa, powered by First Mode
"After years of development, the world’s largest zero-emission vehicle was unveiled today at a South African platinum mine, with a hydrogen-fueled hybrid powerplant designed and built by Seattle-based First Mode."
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JB Straubel Has a Fix for the Battery Problem
"Straubel’s day job has attracted a lot of attention: he’s trying to head off a looming shortage of materials that the world needs to transition away from fossil fuels. Institutional investors last year signed over $775 million for his new venture, Redwood Materials, and in April the U.S. Senate called Straubel to give expert testimony on resources needed for the energy transition."
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Simplifyber Secures $3.5M Seed Investment to Reinvent How Clothing is Made, with Sustainable, Advanced Manufacturing
"The company has developed a novel approach to clothing and accessory manufacturing that removes traditional spinning, weaving, cutting, and sewing and replaces it with a sustainable, less resource-intensive process, and fully biodegradable solution – cutting out 60% of the steps and reducing the 35% of materials in the fashion supply chain that ends up as waste."
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Clean Energy Champions Are Found in the States, Not Washington, D.C.
"While President Biden likes to use conservatives in Washington as a scapegoat for his Administration’s inability to produce climate solutions, it is conservative governors who are showing America how carbon emissions can be reduced without compromising their conservative principles."
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Jackson, Miss., Is Out of Running Water After Treatment Plant Pumps Fail
"A possible failure at the plant had been looming for weeks. Mr. Reeves said the facility had been operating on small backup pumps after the main pumps were severely damaged. He added that city officials had agreed to pay for half of the emergency improvement costs at the plant."
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For The U.S., There Is No Net-Zero Without Major Permitting Reform
"We’ve installed a labyrinthine permit approval process that drastically stalls or outright blocks important infrastructure projects from ever getting constructed. The average is nearly five years and $4.2 million just to complete the review process, that is before developers can even start building. The median Environmental Impact Statement is more than 600 pages long."
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Learning All the Wrong Lessons From America’s Energy Crisis
"Skyrocketing energy costs are one of America’s harsh post-Covid realities. And with one in four American households struggling to pay for their energy needs before Covid, policymakers should have set their sights on making energy more affordable for more Americans."
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Who’s To Blame For Exorbitant Natural Gas Prices In Europe? Hint: Maybe Not Who You Think.
"LNG from the US can be available at prices much cheaper than current European hub prices, but requires additional facilities that will take 3-4 years to build. The only available current alternative is going into the market to buy when the cupboard is bare. This means buying in the spot market, which thanks to the drop in supply from Russia, means paying high retail prices."
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After COP27, Unleash Economic Freedom
Multilateral funding agreements have been largely ineffective as the primary vehicle to reduce climate risk. To see meaningful progress, the world needs to unleash economic freedom.
