Northvolt, the Swedish battery maker that was once considered Europe’s best hope for challenging Asian dominance in the industry, has filed for bankruptcy. The company, which had raised more than $8bn from investors, was forced to take the step after it failed to secure additional funding. The bankruptcy is a major blow to the European Union’s ambitions to become a leader in the battery industry.
Tag: renewable energy
Mr. Musk Goes to Washington — With a $2 Trillion Agenda
Elon Musk, the visionary behind Tesla and SpaceX, has made an audacious foray into the political realm, presenting a colossal $2 trillion agenda that would fundamentally reshape the American economy and infrastructure. From high-speed rail networks spanning the nation to sustainable energy initiatives designed to decarbonize the grid, Musk’s vision is grandiose in its scope. As he unveils his ambitious plans, Washington holds its breath, torn between the allure of innovation and the trepidation of such radical change. The implications of Musk’s audacious agenda will undoubtedly reverberate through the halls of power, challenging established norms and testing the limits of our collective imagination.
Trump’s Win a Worry for an Already Struggling Wind Industry
Trump’s election has raised concerns for the struggling wind industry. The industry has been facing a number of challenges, including falling prices for fossil fuels, uncertainty over tax incentives, and a lack of new transmission lines. Trump’s policies on these issues could further hinder the industry’s growth.
For example, Trump has promised to roll back environmental regulations, which could make it more difficult for wind farms to obtain permits. He has also proposed tax cuts that would benefit the fossil fuel industry, which could further worsen the price competition that wind farms face. Additionally, Trump has expressed skepticism about the need for new transmission lines, which could make it difficult for wind farms to get their electricity to market.
A Climate Scientist on What Trump’s Victory Means for Global Warming
Climate scientist and author Michael Mann examines the potential impact of Donald Trump’s election on the fight against climate change. Trump has repeatedly dismissed climate change as a “hoax,” and has pledged to withdraw the United States from the Paris Agreement, a global climate pact aimed at reducing greenhouse gas emissions. Mann argues that such actions would have “devastating” consequences, not just for the United States, but for the entire planet. He also warns that rolling back environmental regulations would jeopardize public health and exacerbate air and water pollution.