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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. The picture was less rosy for new wind and heat pumps, both of which have suffered from high interest rates. .
Since the IRA passed, 265 clean energy and manufacturing projects worth $100B+ have been announced. 🏦 The Loans Program Office kept busy. Proterra, the dominant electric bus maker, was just one high profile example. 👻 Spooky season for clean energy stocks. 💪 Climate joined the labor movement.
KoBold Metals discovered a major copper deposit, which could be the start to solving growing supply and demand imbalances brought on by copper’s fundamental role in the energy transition. Demand The most critical of energy transition minerals. Demand is on the rise.
Big Tech is going nuclear, with big news in small modular reactors. We’re diving into Amazon’s new deal with X-energy, where it’s paying prime for next decade delivery. Amazon will also lead the $500m C-1 round of X-energy, which is developing High Temperature Gas-cooled Reactors (HTGR) SMRs.
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.
In deals, $550m for sustainable data centers, $500m for electric vertical take-off and landing services, and $471m for EV manufacturing platforms. In other news, climate change-fueled Hurricane Helene’s devastation; climate onstage at the US VP debate; and the US’ plans to restart decommissioned nuclear sites.
Deals of the Week (10/8-10/15) Venture Fundings 🔋 Skeleton Technologies , a Tallinn, Estonia-based graphene-based supercapacitor and battery energy storage developer, raised $113M in Corporate funding from Siemens Financial Services and Marubeni. 💼 Find or share roles on our job board here.
In deals, $59m for nuclearenergy 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. Plus, the US powers ahead with $7bn for rural electrification. CarbonCapture’s modular DAC technology.
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? Chevron’s CEO also said that the company has similar plans.
The pledge also calls on international banks to include nuclear in energy lending policies to help finance project-killing infrastructure expenditures. Nuclear is having its moment in the sun. Italy installed its National Platform for Sustainable NuclearPower in September.
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.)
In other news, Elon Musk's potential influence on environmental policy; clean energy stocks fell after the election news; and climate policy momentum in local and state elections. In deals, $552m in renewable energy development, $340m in battery cell manufacturing, and $27m in mobile energy storage.
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