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There is a wide range of characteristics that describe the performance of any given battery chemistry: energy density, specific energy, specific power, discharge efficiency, self-discharge rate, cycle life, calendar life, and—not the least important—cost. In January, ONE retrofitted a Tesla Model S with an experimental 203.7
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. Thanks for reading! Not a subscriber yet? 💼 Find or share roles on our job board here.
The US Clean Investment Monitor published its annual report for 2023, which saw clean investment total $239bn, up 38% from 2022. Energy & industry. Happy Monday! Lots of spice for clean investment this week. 14% of total investment came from the feds, with $33.7B of dollars put to work. Manufacturing.
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.
In deals, major funding includes $116M for hydrogen-powered aviation, $44M for sustainability software, and $75M in project finance investment for SAFs. In new funds, energy transition infrastructure is bringing in the big bucks with Brookfield's record-breaking $28B infra fund and Antin's $1.2B sustainable infra fund.
This week, we’re digging into the news that Arkansas’ southwestern Smackover Formation region could be home to between 5 and 19 million tons of lithium. In deals, $900m for pulsed magnetic inertial fusion, $100m for energy efficiency as a service, and $70m for AI precision weed control. Image via USGS.
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?
In deals, $2.2bn in electric cars, $800m for Octopus’ expansion, and $34m for EVs in India. Verdagy , Electric Hydrogen ). Industry incumbents like utilities, nuclear, hydro, and oil and gas with legacy energy production along with regions with little access to solar and wind may also be left in the cold.
In deals, $550m for sustainable data centers, $500m for electric vertical take-off and landing services, and $471m for EV manufacturing platforms. Ensuring reliable and timely permitting is essential to maintaining the financial viability and momentum of the sector within the US (and decarbonizing heavy industry at large).
In deals, $59m for nuclear energy across two deals, $50m for Perovskite-silicon hybrid solar panels, and $30m for DAC. Bridging the natural gas turbine gap Amid record data center-fueled power demand projections and the White House’s “energy abundance” agenda, 2025 was set to be the year of natural gas.
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. In deals, $542m across three new funds, plus $87m for lithium ion cells, and $82m for battery components.
The Super Bowl might have got us hyped this weekend, and now, we’re taking on some other hype: the arrival of DeepSeek’s new AI model, and what its actual impacts will be on projected power demand. There’s a difference between a general slowdown in power demand and a dip in hyperscaler demand.
In deals there’s $500m for clean infrastructure for data centres, $125m for spherical tokamaks and powerful magnets, and $100m for PV module development and manufacturing. In some industries, like batteries, Europe is also losing out to Chinese competitors. Thanks for reading!
A handful of new announcements from Exxon, Shell, Google, and more show how emerging clean firm technologies are scaling up to power the sector. In deals, $600m in data centers, $44 in lithium-ion energy storage and $35m in drone monitoring. What happened?
In deals, $500m in renewable energy development, $30m in energy network, and $30m in solar development. In other news, big project announcements, including BECCS in Europe and lithium in the US, plus Li-Cycle’s looming bankruptcy. But an escalating trade war could be uniquely disruptive for climate tech.
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.
Responsible for nearly a third of global warming and a quarter of global energy, methane matters. In deals this week $145m for lithium extraction, $52m for methane emissions detection, and $40m for sustainable aviation fuel. In January, Longpath secured a $189m conditional US Department of Energy loan guarantee.
In other news, what DeepSeek’s new model could do to power demand, banks leaving climate groups, and the USDA's new guidance for clean fuel credits. In deals, $70m for renewable energy management platforms across three deals, $30m for an agritech credit provider, and $16m for energy storage manufacturing.
The pledge also calls on international banks to include nuclear in energy lending policies to help finance project-killing infrastructure expenditures. Italy installed its National Platform for Sustainable Nuclear Power in September. Post-Fukushima, the country pledged to phase out all atomic power.
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.)
This week, we’re giving you a breakdown of Carlyle's interesting "New Joule Order" report, which argues that energy security is now the driving factor in the energy transition, with major implications for investors and beyond. Energy security takes the lead. to your contacts. Thanks for reading!
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