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In deals, $90m for animal-free dairy, $50m for fusion, and $30m for resi solar and storage. Fortescue unveiled a green ammonia dual-fuel ship at COP. 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.
Do the next best thing and read our COP reflections. In news, COP28 goes nuclear with a commitment to triple nuclear capacity and pursue fusion R&D, echoing a broader global sentiment shift towards nuclear. Nuclear is having its moment in the sun. Happy Monday!
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.)
Amid all the chaos, we almost forgot it’s COP this week.) 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. Image via Power Brief. ⚡ Clean firm power : neutral to positive.
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