Volta Charging, which provides free electric vehicle charging stations supported by advertising, said Tuesday that the investment firm Energy Impact Partners is providing a $44 million loan to support expansion of the network.
Why it matters: Expansion of charging is one of the keys to expanding EV market penetration. More charging availability helps give consumers confidence in the technology, which now accounts for just a tiny slice of U.S. vehicle sales.
The pace of new patenting for several categories of climate-friendly technologies has seen a "notable drop-off" since 2012, according to a July 11 analysis from the IEA and OECD.
Why it matters: While far wider deployment of existing tech can do a great deal to stem carbon emissions, the steep cuts needed to meet the Paris Agreement temperature goals will likely require substantial innovation.
In an effort to counter a report from The Information that his scooter company posted a $100 million loss in Q1, Bird CEO Travis VanderZanden released a comparison spreadsheet on Twitter.
What it means: While the comparisons are incomplete and most certainly not apples to apples, Bird's revenues and margins are impressive, even given the truncated timeframe, analysts told Axios.
After a brief spell as a hurricane, Barry continued to churn a swath of flooding and torrential rain from Louisiana and Mississippi to eastern Arkansas.
Details: The National Weather Service issued flash-flooding warnings on Saturday for the Louisiana and Mississippi coasts, as the storm brings with it torrential rain and potentially "life-threatening flooding" — which the National Hurricane Center forecast could continue into the middle of the coming week. On Sunday, Barry was downgraded from a tropical storm to a tropical depression.
Barry was downgraded to a tropical depression over northwestern Louisiana Sunday. But the National Hurricane Center said there's "still a high risk of flash flooding" from heavy rain as it churns toward Arkansas, and forecasters issued several tornado warnings.
Details: Louisiana Gov. John Bel Edwards (D) told a news conference Sunday that first responders rescued 93 people, and he said hundreds of thousands were without power following the storm.
