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The first few days of COP have ushered in a wave of major announcements and funding pledges. Al Jaber as Chairman of Alterra, and also host of COP28, has already stirred controversy due to his role as President of ADNOC and rumored intention to broker fossil fuel deals during COP. A well-Time(d) profile on Sultan Al Jaber leading COP.
Meanwhile, Michigan approves a bundle of clean energy bills, the UN irons out details for the "loss and damages" fund ahead of COP, and Flexport launches a book and claim model for SAFs. In other news, project cancellation woes abound with NuScale canceling its first-of-a-kind SMR project.
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. What happened The porous and permeable limestone in Smackover has long been known for oil and bromine deposits, but only recently has industry begun to explore its lithium lode.
Do the next best thing and read our COP reflections. Last COP featured the conference’s first nuclear-themed pavilion, and this year boasted eight. A fusion of world powers Scientists have also been chasing nuclear fusion for decades , but again COP could reflect a global paradigm shift. Happy Monday!
Fortescue unveiled a green ammonia dual-fuel ship at COP. Other 🔋 Northvolt , a Stockholm, Sweden-based lithium-ion battery manufacturer, raised €902m ($986m) in Grant and Debt funding from The European Commission. Can’t get enough deals?
🔋 Daqus Energy, a Woburn, MA-based transition metal free lithium-ion batteries manufacturer, raised $6m in Seed funding from Morningside Group. Exits 🔋 Northvolt , a Stockholm, Sweden-based lithium-ion battery manufacturer, filed for Bankruptcy / Out of Business. Can’t get enough deals?
We’ll spare you the obligatory “ good COP, bad COP ” joke, but this week, we’ve got a deep dive into the UN’s biggest move at COP29 so far: the approval of Articles 6.2 This approach could set a precedent for bypassing negotiation processes in future COPs, adding uncertainty to the framework.
Other 🔋 Li-Cycle , a Toronto, Canada-based lithium-ion battery recycling service provider, raised $15m in Post-IPO equity funding. Request a Sightline Climate demo In the News Chinese AI company DeepSeek announced a new, highly efficient model it claims costs a fraction of OpenAI’s. Good COP?
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