Climate

Northvolt lays off 1,600 workers, but it’s not the end for Europe’s battery champion

When is raising $14 billion not enough? When you’re a battery startup. Northvolt, Europe’s attempt at building a competitor to Asia’s battery manufacturing powerhouses, announced on Monday that it had halted work on a factory expansion and laid off 1,600 employees, or about 20% of the workforce. The company was planning to expand its Ett

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Toyota Ventures’s Jim Adler says climate tech startups need to secure future buyers

Jim Adler, founder and general partner at Toyota Ventures, is concerned that climate technology gains could fall into the “valley of death” if companies fail to drum up enough demand to survive.  And he’s not wrong to be worried.  Climate tech investments in the first half of 2024 dipped for the second consecutive year, both

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Rivian reveals first $10M in grants for long-promised Rivian Foundation

Rivian has revealed the first $10 million worth of grants from the Rivian Foundation, just three years after promising to make the “natural world” a “stakeholder in our success.” The company launched a website for the foundation on Monday that details 41 grantees who will collectively receive just north of $10 million in funding. The

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A frustrated Al Gore compares climate pledges to “New Year’s Resolutions”

Connie talks with former Vice President Al Gore and his business partner, Lila Preston, about a new, annual climate report that their sustainability-focused investment management firm, Generation Investment Management, has issued. © 2024 TechCrunch. All rights reserved. For personal use only. Source

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Electric outboard startup Pure Watercraft is selling itself for parts

A hopeful entrant in the emerging market of electric watercraft is out of action and being sold for parts. Pure Watercraft was founded in 2011 with the intention of replacing gas-based outboard motors with fully electric ones. We covered the company in 2016 when it began taking preorders for their first commercial outboards, and in

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MIT develops recyclable 3D printed glass blocks for construction

3D printing has been praised as an alternative to traditional construction. It promises to deliver faster construction times, creative design, and fewer construction errors, all while reducing carbon footprints. New research out of MIT points to a compelling new take on the concept, relying on 3D printed glass blocks shaped like a figure 8 that

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Back Market lays out its plan to make refurbished phones go mainstream

Back Market held a press conference on Thursday morning in Paris to talk about upcoming product launches and give an update on the company’s current situation. If you’re not familiar with the French startup it operates a marketplace of refurbished electronics devices — mostly smartphones. It’s attracted a lot of investor cash in recent years

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Zeno emerges from stealth to crib Tesla’s master plan for Africa and beyond

When Elon Musk published Tesla’s first “master plan” in 2006, it seemed a bit far-fetched that batteries would end up changing the automotive industry, much less global power production and consumption. Today, as electric vehicles continue to gain market share and massive batteries displace smoke-spewing power plants from the electrical grid, that notion seems less

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