The world is set to invest nearly twice as much in clean energy as fossil fuels this year, according to a new International Energy Agency report. While fossil fuel outlays are still significant — about $1.15 trillion this year — they’ll be dwarfed by clean energy, which is expected to receive $2.15 trillion in 2025. But […]
Clean energy investment hits new highs and shows no sign of slowing Read More »
Microsoft’s new sustainability report, released late last week, shows how a carbon-heavy economy can weigh on a company that wants to be carbon light. Since 2020, its carbon emissions are up 23.4%, mostly a result of breakneck data center buildout to support its growing cloud and AI operations. Buying enough clean electricity is actually the
Breakneck data center growth challenges Microsoft’s sustainability goals Read More »
The Department of Energy announced today that it would be clawing back $3.7 billion worth of awards made under the Biden administration for clean energy and manufacturing. Large corporations and growing startups were caught up in the decision. Energy secretary Chris Wrights said the moves were “due diligence” on the part of the Trump administration.
Trump administration to claw back $3.7B in clean energy and manufacturing awards Read More »
Heron Power, the electrical grid-focused startup founded by former Tesla executive Drew Baglino, announced Thursday it has raised $38 million in a Series A funding round. Heron Power is developing solid-state transformers, which promise to be more compact and responsive than the century-old analog models. Transformers are key parts of the electrical grid, stepping voltage
Tesla alum’s Heron Power closes $38M Series A to transform key grid technology Read More »
Tesla is a business built, in part, on government regulations and incentives, from a Department of Energy loan guarantee in 2009 to the regulatory credits it sells to other automakers, which have driven a third of its $32 billion in profits since 2012. Now, the company’s energy business — a rare bright spot amid faltering demand
Tesla pleads for Senate to spare its booming energy business Read More »
New Zealand’s deep tech ambitions just got a $25 million boost. Outset Ventures, the Auckland-based venture firm and incubator that spun out unicorns like Rocket Lab and LanzaTech, has closed its second fund at an oversubscribed $41.5 million NZD. The fund’s mission is to back startups working on hard science and engineering breakthroughs – technologies
Rocket Lab backer Outset raises $25M to fund New Zealand’s deep tech moonshots Read More »
Hyperscalers and data center developers are in a pickle: They all want to add computing power tomorrow, but utilities frequently play hard to get, citing years-long waits for grid connections. “All the AI data centers are struggling to get connected,” Amit Narayan, founder and CEO of Gridcare, told TechCrunch. “They’re so desperate. They are looking
Gridcare thinks more than 100 MW of data center capacity is hiding in the grid Read More »
California is preparing to sue the federal government in recover its right to set vehicle emissions standards, Rob Bonta, the state’s attorney general, told TechCrunch in a statement. Senate Republicans voted on Thursday 51 to 44 to overturn a waiver that allowed California to set stricter air pollution standards for vehicles. The state has received
California prepares to sue feds after Senate revokes the state’s EV rule Read More »
From a struggling family tea estate to an innovative climate venture, Alt Carbon has raised $12 million in a seed round as it plans to scale its carbon dioxide removal work in the South Asian nation. The climate-tech startup, which locks away carbon for thousands of years through enhanced rock weathering on farmlands, attracted investment
Alt Carbon scores $12M seed to scale carbon removal in India Read More »
The U.S. Department of the Interior said Tuesday it’s beginning the process of selling deep sea mining leases after a request from startup Impossible Metals. The agency said the process would “evaluate a potential mineral lease sale in the waters offshore American Samoa.” The administrative procedure requires a publication in the federal register and the
Trump administration may sell deep-sea mining leases at startup’s urging Read More »
