Citibank revealed in court filings on Wednesday that the FBI, the EPA, the EPA Inspector General, and the Treasury Department have all requested that the bank freeze accounts of several nonprofits and state government agencies. The accounts were frozen in February, but the new documents make public details that had previously been unknown, including a […]
Solar installer Sunnova issued a “going concern” warning as the company runs short on cash. The stock is currently down around 68% as investors gauge the risk that Sunnova is headed for bankruptcy, a frequent outcome for companies that issue such warnings. In a bid to stave off insolvency, Sunnova said Monday it is planning
Solar installer Sunnova races to raise cash as it issues ‘going concern’ warning Read More »
Two years ago, oil and gas company Occidental bought carbon capture startup Carbon Engineering. The transaction was hailed as a win-win: A climate tech company scored a significant exit, and a fossil fuel company gained a foothold in a sector that could be worth up to $150 billion by 2050. Now we have a better
The real reason why oil and gas companies are bullish on carbon capture Read More »
The onshoring of battery manufacturing for EVs started as a trickle during the COVID-19 pandemic. Then it turned into a tsunami. In 2019, just two battery factories were operating in the United States with another two under construction. Today there are about 34 battery factories either planned, under construction, or operational in the country. Former
Tracking the EV battery factory construction boom across North America Read More »
Hydrogen startups are widely seen as a promising way to eliminate fossil fuels from heavy industry and long-haul transportation. But they have been stuck in limbo for the last couple years, waiting for official guidance from the U.S. Treasury on lucrative tax credits. The wait ended today, with the Treasury announcing final rules for hydrogen
Electric vehicle charging startup EVgo is the latest company to secure funds from the U.S. Department of Energy as the Biden administration races to approve clean energy loans before Donald Trump takes over. Trump has promised to cancel any unspent funds from Biden’s bipartisan Inflation Reduction Act, including the $7,500 tax credit for new EV
EVgo secures $1.25 billion loan amid Biden’s rush to approve clean energy loans Read More »
President-elect Donald Trump spent plenty of time on the campaign trail railing against key portions of the Inflation Reduction Act, from solar and wind tax credits to electric vehicles and environmental justice initiatives. But his return to the presidency doesn’t necessarily spell the end of the landmark legislation. While Trump’s administration is unlikely to be
How Trump’s election could affect the startup-friendly Inflation Reduction Act Read More »
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.
The 25 battery tech startups that just got a piece of $3B in federal funds Read More »
The onshoring of battery manufacturing for EVs started as a trickle during the COVID-19 pandemic. Then it turned into a tsunami. In 2019, just two battery factories were operating in the United States with another two under construction. Today there are about 34 battery factories either planned, under construction or operational in the country. U.S.
Tracking the EV battery factory construction boom across North America Read More »
