Batteries

Tesla’s energy storage business gets sucked into the company’s downward spiral

Climate /

Even Tesla’s energy storage business, which has been a small, yet notable bright spot, can’t escape the cloud that’s hanging over the company. For the second consecutive quarter, deployments of its Powerwall and Megapack stationary storage products have declined, according to stats released by Tesla. In the second quarter of this year, the company installed […]

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Tesla pleads for Senate to spare its booming energy business

Climate /

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

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House GOP wants to cut parts of the Inflation Reduction Act while sparing others

Climate /

Republican leadership in the Ways and Means committee of the U.S. House of Representatives released Monday night a draft of a reconciliation bill that seeks to undo much of the Inflation Reduction Act. The landmark 2022 law implemented a range of incentives that spurred the production of clean energy, electric vehicles, carbon capture, and battery

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Breathe lands $21M Series B to predict battery performance

Fundraising /

Few markets are moving as rapidly as China’s automotive sector. There, new models are rolled out in as little as 18 months, putting tremendous pressure on legacy Western automakers, which need four-plus years to go from concept to sales floor. “With the increasingly short development cycles in China, it’s driving a huge amount of cost

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XL Batteries is using petrochemical infrastructure to store solar and wind power

Climate /

Plenty of materials — from sulfur and sodium to manganese and organic molecules — have tried to topple the ubiquitous lithium-ion battery. And, so far, they’ve all failed. Organic batteries, which are built from some of the most abundant chemicals here on Earth, including carbon, oxygen, and nitrogen, has been perhaps the most frustrating failure.

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Electrified Thermal Solutions has a plan to help industry replace natural gas with bricks

Fundraising /

Getting rid of fossil fuels is relatively simple for some things. Housing? Replace furnaces with heat pumps. Cars and light trucks? Ditch internal combustion for batteries and electric motors. Yet for many industries like cement, steelmaking, and more, it’s hard to replace the heating power of fossil fuels. But Dan Stack thinks bricks have a

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Former watch trader is now building the AWS of grid storage, Terralyr

Fundraising /

Phillip Man was burned out. He had founded a watch trading company with his flatmate, but the grind was wearing him down. “We did that for ten years,” Man said. “It’s very difficult to keep yourself motivated when you know the whole reason for your operation is to sell expensive stuff to wealthy people.” He

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Former watch trader is now building the AWS of grid storage, Terralayr

Fundraising /

Phillip Man was burned out. He had founded a watch trading company with his flatmate, but the grind was wearing him down. “We did that for ten years,” Man said. “It’s very difficult to keep yourself motivated when you know the whole reason for your operation is to sell expensive stuff to wealthy people.” He

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The 25 battery tech startups that just got a piece of $3B in federal funds  

Government & Policy /

The federal government is handing out another $3 billion to startups in the buzzy battery tech sector.  The investment, which the Biden administration announced Friday, is the latest injection of capital to come from a $16 billion pot that the Department of Energy set aside to build out local battery manufacturing, processing, and recycling facilities.

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