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Solar will become the largest source of power in the next decade, surpassing coal, oil and natural gas, according to a new report from BloombergNEF. The tectonic shift will occur alongside a historic rise in the use of energy driven by AI and the electrification of entire industries. “Solar is winning the race,” Matthias Kimmel,…
Ascend Elements said on Friday it has started Chapter 11 bankruptcy proceedings in the U.S., a heavy blow to investors who had sunk nearly $900 million into the company. Linh Austin, Ascend’s CEO, announced the decision in a post on LinkedIn late Thursday night. He said the company faced “insurmountable” financial challenges. Ascend’s filing comes…
The Trump administration announced this week the U.S. government would work to build a $11.7 billion stockpile of critical minerals. That’s the headline; the subtext is more intriguing. The stockpile initiative, branded as Project Vault, is the latest attempt by the administration to secure supplies of critical minerals for U.S. manufacturers and what President Donald…
Just over a year ago, Moxion Power closed its doors, adding its name to a list of high-profile bankruptcies that roiled the climate tech world in 2024. The portable battery startup had raised more than $110 million in a bid to replace diesel generators at festivals and construction sites, but even that wasn’t enough to…
Sila, the battery materials startup, started operations Tuesday at its facility in Moses Lake, Washington. The factory, which will initially be capable of making enough battery materials for 20,000 to 50,000 EVs, is the first large-scale silicon anode factory in the West, and future expansion could fulfill demand for as many as 2.5 million vehicles….
Battery materials startup Group14 announced Wednesday it has closed a $463 million funding round to expand its manufacturing footprint, a sign that investors remain confident in the future of electric vehicles. The startup manufactures silicon anode materials, which significantly boost the storage capacity of lithium-ion batteries. Group14 currently operates three factories, two in the U.S….
GM is sending new and old EV batteries to recycler Redwood Materials, which then repurposes the packs for stationary energy storage, the two companies announced today. Second-life batteries from GM have already made their way through Redwood’s process and into a 12 megawatt microgrid at the company’s Sparks, Nevada, headquarters. Electricity from that installation then…
GM said Monday it is working with joint venture partner LG Energy Solution to upgrade its Ultium battery factory to make lithium-iron-phosphate cells for the automaker’s low-cost EVs. The factory’s overhaul will give LFP production in the United States a significant boost. Despite being invented and commercialized in the U.S., today the vast majority of…
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…
Chinese auto maker BYD made waves this week when it announced its new Han L sedan could add as much as 248 miles of range in as little as five minutes. Unfortunately, the company was light on details, and it did not respond to TechCrunch’s request for clarification. So instead, we’ve scoured the web for…