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- Energy Transition Weekly: EV’s role in the UAW strike
Energy Transition Weekly: EV’s role in the UAW strike
Plus, a big lithium discovery in Nevada and Lyten raises $200M for EV batteries
Welcome back! This is your weekly debrief on what’s driving the clean energy transition.
In today’s edition:
EV’s role in the UAW strike
A big lithium discovery in Nevada
Lyten raises $200M for EV batteries
Read time: 5 minutes
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HOT TOPICS
⚡️ CLEAN ENERGY
America Just Hit the Lithium Jackpot - The world’s largest known deposit was just discovered in Nevada. What does that mean? (via The Atlantic)
A Huge Lithium Discovery That Economists Were Expecting - A vast new deposit on the Nevada-Oregon border could help ease geopolitical tensions and limit the effects of climate change. (via Washington Post)
Guidance for the IRA’s 45X, other clean energy tax credits will arrive by year end, says Treasury - The department is entering “Phase 2” of implementing the incentives, promising new guidance on 45X, 48C and 30D. (via Utility Dive)
Can Texas stave off its next grid emergency? - The state's main grid came close to rolling blackouts last week. Experts say the Texas power system remains vulnerable. (via E&E News)
This tax tweak is supercharging Biden’s climate agenda - For the first time, clean energy tax credits are transferable, and the market for them is surging. (via Grist)
Texas Moved to Protect its Fragile Grid. Then Prices Skyrocketed - As temperatures climb in Texas, so does demand for electricity — but a preventative measure against power grid failure caused energy prices to soar at peak hours. (via Bloomberg)
Florida is now adding more solar power than any other state - Sorry, California and Texas! Florida zoomed to the No. 1 spot for solar installations in the first half of 2023, despite a decidedly mixed policy landscape. (via Canary Media)
A big battery is replacing this old Massachusetts fossil power plant - Thanks to a state program incentivizing cleaner peak power, a developer is building a 45 MW grid battery at the site of a fossil power plant shut down in 2022. (via Canary Media)
How Applied Materials and Intel are helping chipmakers buy clean power - The Catalyze program, sponsored by Intel and Applied Materials and run by Schneider Electric, aims to accelerate renewable energy access across the global semiconductor supply chain. (via GreenBiz)
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The impacts and the viability of solutions in the carbon and energy sectors
The psychology of communicating for advocacy and action
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🚙 MOBILITY / TRANSPORT
UAW goes on strike against GM, Ford, Stellantis - Union members walked off the job at midnight at three targeted plants after failing to reach a deal with the Big Three automakers. (via Automotive Dive)
How EV worries are helping fuel the historic UAW strike - "Tesla is the clear winner in this unfortunate situation now developing in Detroit." (via Axios)
Transportation is feeling the heat - As cities nationwide get hotter, addressing extreme temperatures and their effects on roads, bridges and rail is becoming a priority. (via Route Fifty)
European Union Will Investigate Chinese Subsidies of Electric Cars - The European Commission president, Ursula von der Leyen, announced the inquiry, which could lead to tariffs, amid concern over China’s dominance in electric vehicles. (via NY Times)
Battle Over Electric Vehicles Is Central to Auto Strike - Carmakers are anxious to keep costs down as they ramp up electric vehicle manufacturing, while striking workers want to preserve jobs as the industry shifts to batteries. (via NY Times)
🏠 BUILDINGS & CITIES
Heat pumps outperform boilers and furnaces — even in the cold - Some utilities and fossil-fuel interests like to say heat pumps don’t work in the cold. A new study provides yet more evidence to debunk that myth. (via Canary Media)
MONEY MOVES
🚀 FUNDING / GRANTS / M&A
Lyten is the latest EV battery startup to score hundreds of millions | TechCrunch
Verkor secures more than €2 billion to launch high performance battery gigafactory in France and accelerate future sustainable mobility
ReSeed Raises $4.6M To Expand Commercial Market For Climate Financing
Evolectric Raises USD15M from Seismic Capital
Open Cosmos, a UK satellite startup focused on sustainability, raises $50M | TechCrunch
Erthos Secures Additional $24 Million in Equity Financing
Heliene Raises $170M in Funding - FinSMEs
Tesla Gets Nearly $150M In EU Funding For Supercharger Network Expansion
Delos Insurance Solutions secures $7.3 million in seed extension round - Reinsurance News
CO2 AI Now a Standalone Software Company Backed by BCG and International Venture Capital Firms
COMMUNITY ASKS & SHARES
SPOTLIGHT
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QUICK HITS
GOOD READS / LISTENS
Extreme Weather Is Forcing Redesign of World’s Busiest Airports
How Mexico came to have the weakest climate policy in the G20
Offshore Wind’s Rough Summer, Explained
Climate Change Is Causing an Insurance Crisis in Louisiana
Biden’s Climate Law Is Reshaping Private Investment in the United States
America’s New Nuclear Divide - It’s not about politics. It’s about electricity markets.
Get daily updates on global affairs from the experts. Check out Semafor’s Flagship newsletter.
TOGETHER WITH TERRA.DO
The Learning for Action program is a 12-week course that allows you to dive deep into the climate landscape. Understand the complexities in science, economics, policy, and climate justice and join a growing community, united by a singular purpose and deep desire to work on and help each other with this generation’s biggest crisis, climate change.
What will you be learning?
The science behind the climate crisis
Global impacts and development models
The impacts and the viability of solutions in the carbon and energy sectors
The psychology of communicating for advocacy and action
and so much more...
We’ve partnered with our friends at Terra.do to offer you 20% off with code ACC 20. Don’t miss out - applications for the next cohort close on October 6.
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