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This month, we’re spotlighting our annual DEMO Day event, which in 2020 evolved into the Greentown Labs Climatetech Summit. We held our first DEMO Day in 2013, two years after Greentown’s founding. In 2020, we took DEMO Day to the next level. Check out DEMO Day and the Climatetech Summit throughout the years: 2013 Nov.
Earnings season is here, and we read through the energy majors’ earnings report calls from last week so you don’t have to — and learned about the progress, and direction, of the energy transition. All of the energy majors referenced large projects in LNG and strong demand for the fuel. Happy Monday!
Meta-Headlines of 2023 As our beloved industry matures, our hope for when climate tech grows up is for it to “become boring.” Since the IRA passed, 265 clean energy and manufacturing projects worth $100B+ have been announced. Proterra, the dominant electric bus maker, was just one high profile example.
Ship Orders Yara Eyde, a joint venture between Yara Clean Ammonia and North Sea Container Line, aims to be the world’s first clean ammonia-powered container ship. Saudi Arabian ACWA Power outlined a $4bn green hydrogen and ammonia facility in Egypt that could produce up to 600,000 tons of green ammonia per year.
We’re diving into Amazon’s new deal with X-energy, where it’s paying prime for next decade delivery. In other news, the courts say that the EPA can regulate power plant emissions (for now), global EV sales drive ahead, and Brazil introduces new regulation for CCS as the sector grows. What happened?
Giddy up — we’re going carbon cowboy this week with a deep dive into CarbonCapture’s decision to suspend its planned DAC facility, Project Bison, amid competition for clean energy from data centers. Plus, the US powers ahead with $7bn for rural electrification.
This week brings two great examples with LanzaJet’s new SAF facility in Georgia and H2 Green Steel’s plant in Sweden, both layering different kinds of capital, each derisking the next to build their first commercial facilities. LanzaJet managed to build a $264m plant using similar scaffolding.
We’ve just returned from Texas, where CERAWeek — the "Super Bowl of Energy" — brought together the biggest players in oil, gas, finance, and policy. In deals, $40m in specialty chemicals manufacturing, $28m in direct air carbon capture, and $28m in grid power storage. Full transcript here.)
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