Climate

GM offloads one of its battery factories to joint venture partner LGES

Climate /

General Motors is selling its stake in the nearly completed Ultium Cells battery cell plant in Lansing, Michigan to its joint venture partner LG Energy Solution. GM’s step back from the factory comes amid weakening electric vehicle demand and the potential rollback of Biden administration incentives to produce clean energy domestically.  GM and LGES initially […]

GM offloads one of its battery factories to joint venture partner LGES Read More »

Climate VCs are cautiously optimistic about a second Trump term — here’s why

Climate /

President-elect Donald Trump made no secret during his campaigning that he doesn’t think the U.S. should take an aggressive stance on climate change. From leading chants of “drill, baby, drill” to frequently criticizing everything from wind turbines to electric vehicles, he appears poised to cast a shadow over the climate tech sector for the next

Climate VCs are cautiously optimistic about a second Trump term — here’s why Read More »

From pond scum to premium skincare? Deep Blue Biotech is all in on blue-green algae to make better chemicals

Climate /

Decarbonizing our economies in the race to fight climate change demands a wholesale overhauling of all sorts of production processes to make them as sustainable as possible. Greening chemicals, which are used as ingredients in all sorts of products, is where U.K. startup Deep Blue Biotech is putting its energies. The biotech startup founded in

From pond scum to premium skincare? Deep Blue Biotech is all in on blue-green algae to make better chemicals Read More »

Cambridge materials science spin-out Molyon is on a mission to make next-gen batteries fly

Climate /

Battery tech is pivotal as the world leans into electrification to power decarbonization in the race against climate change. But rising demand is putting more attention on the limits and drawbacks of current generation lithium-ion (Li-ion) battery technology. This is where Cambridge University spin-out Molyon hopes to come in: the U.K. startup is developing next-gen

Cambridge materials science spin-out Molyon is on a mission to make next-gen batteries fly Read More »

Volkswagen slashes the value of its stake in Northvolt, the beleaguered battery manufacturer

Climate /

Volkswagen bet big on European-made batteries a few years ago with two massive investments in Northvolt, the Swedish manufacturer. Now, the automaker’s €1.4 billion stake is worth less than half that, according to Reuters. The write downs occurred throughout the current fiscal year as the situation at Northvolt deteriorated.  It’s unclear what Volkswagen’s current stake

Volkswagen slashes the value of its stake in Northvolt, the beleaguered battery manufacturer Read More »

Battery unicorn Northvolt files for bankruptcy, co-founder and CEO resigns

Climate /

Beleaguered Swedish battery manufacturer Northvolt announced on Thursday that it was filing for bankruptcy in the U.S., striking a blow to Europe’s ambitions for homegrown lithium-ion batteries. The company reportedly chose Chapter 11 in an effort to right its finances. In the wake of the filing, co-founder and CEO Peter Carlsson resigned, though he’ll remain on

Battery unicorn Northvolt files for bankruptcy, co-founder and CEO resigns Read More »

Future Google supplier Kairos gets approval to build two small nuclear reactors

Climate /

Nuclear startup Kairos Power received approval from the U.S. Nuclear Regulatory Commission to start construction on two test reactors in Oak Ridge, Tennessee. The permit marks a significant milestone for Kairos, which in October inked a deal with Google to provide 500 megawatts of electricity for its data centers. The fluoride-salt cooled, high-temperature reactors are

Future Google supplier Kairos gets approval to build two small nuclear reactors Read More »

Battery unicorn Northvolt files for bankruptcy, upending Europe’s industrial plan

Climate /

Beleaguered Swedish battery manufacturer Northvolt announced today that it was filing for bankruptcy in the U.S., striking a blow to Europe’s ambitions for homegrown lithium-ion batteries. The company reportedly chose Chapter 11 in an effort to right its finances.  Northvolt, which had soared for years on the back of strong fundraising and a string of

Battery unicorn Northvolt files for bankruptcy, upending Europe’s industrial plan Read More »

Candela brings its P-12 electric ferry to Tahoe and adds another $14M to build more

Climate /

Electric passenger boat startup Candela has topped off its most recent raise with another $14 million, the company announced Thursday, and has sold the first of its ferries in the U.S. — bound for Lake Tahoe. Candela makes a series of all-electric hydrofoiling watercraft, meaning the body of the boat rises above the surface of

Candela brings its P-12 electric ferry to Tahoe and adds another $14M to build more Read More »

Blue Bear Capital lands $160M to back AI founders in climate, energy, and industry

Climate /

It’s a truism in the climate tech world that hardware is paramount. After all, you can’t curb carbon pollution without fixing cement, steel, hydrogen, and more. But as with anything today, hardware is just part of the equation. “In almost every case, hardware is going to be developed with software in mind,” Vaughn Blake, partner

Blue Bear Capital lands $160M to back AI founders in climate, energy, and industry Read More »