Katie Brigham
Climate Tech Reporter at Heatmap News
climate tech reporter @heatmap_news | formerly @CNBC | mostly elsewhere: https://t.co/dCTI2TOg0J
Articles
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1 week ago |
heatmap.news | Katie Brigham
Technology to suck carbon dioxide out of the air — a.k.a. direct air capture — has always had boosters who say it’s necessary to reach net zero, and detractors who view it as an expensive fig leaf for the fossil fuel industry. But when the typical venture capitalist looks at the tech, all they see is dollar signs.
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2 weeks ago |
heatmap.news | Katie Brigham
Very few of the Inflation Reduction Act’s tax credits made it through the House’s recently passed budget bill unscathed. One of the apparently lucky ones, however, was the 45Q credit for carbon capture projects. This provides up to $180 per metric ton for direct air capture and $85 for carbon captured from industrial or power facilities, depending on how the CO2 is subsequently sequestered or put to use in products such as low-carbon aviation fuels or building materials.
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2 weeks ago |
heatmap.news | Katie Brigham
As extreme weather becomes the norm, utilities are scrambling to improve the grid’s resilience, aiming to prevent the types of outages and infrastructure damage that often magnify the impact of already disastrous weather events. Those events cost the U.S. $182 billion in damages last year alone. With the intensity of storms, heat waves, droughts, and wildfires growing every year, some utilities are now turning to artificial intelligence in their quest to adapt to new climate realities.
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2 weeks ago |
heatmap.news | Katie Brigham
The Inflation Reduction Act opened up a whole new avenue for project financing when it allowed clean energy developers to sell the tax credits that they earned on their projects to any willing buyer on the open market. It also opened up a lucrative fintech opportunity: A digital marketplace where buyers and sellers of these credits could easily transact. One of the first — and certainly most successful — startups to jump on this opportunity was Crux Climate.
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3 weeks ago |
heatmap.news | Katie Brigham
It’s shaping up to be a very bad week for Tesla. The House Committee on Energy and Commerce’s draft budget proposal released Sunday night axes two of the primary avenues by which the electric vehicle giant earns regulatory credits. Congress also appears poised to vote to revoke California’s authority to implement its Zero-Emission Vehicle program by the end of the month, another key source of credits for the automaker.
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the House committee budget proposals released this week are very, very bad news for Tesla, which relied on selling regulatory credits (which are now set to go away) for ALL of its net income in the first quarter of this year https://t.co/BFPYHC0nTI
there's been lots of drama at Air Products - the largest hydrogen company in the world - as of late. a successful shareholder revolt, a CEO ousting, you name it. the result is that the company is backing away from its once lofty clean hydrogen ambitions https://t.co/wrZnoN6BWA
big layoffs at Rewiring America, due to the ongoing freeze on federally obligated funding from the Greenhouse Gas Reduction Fund https://t.co/elvmxBKP3I