Terradot, a CO2 removal startup with big-name backers, is acquiring the assets of removal firm Eion. Terms weren't disclosed.
Why it matters: Consolidation is probably inevitable in the CO2 removal space, given the vast number of startups trying to scale and the drop in venture finance.
The price of misjudging the switch to electric vehicles swelled again Friday as Jeep-maker Stellantis announced 22.2 billion euros ($26.2 billion) in charges, the largest yet by any global automaker.
Why it matters: The auto industry is saddled with billions of dollars in stranded investments inspired by clean vehicle policies that got ahead of consumer demand.
Data centers are slated to account for a whopping 50%-ish of U.S. power demand growth the remainder of this decade, a new International Energy Agency analysis shows.
Why it matters: The AI-driven rise of huge data centers is a big reason IEA sees overall U.S. demand rising an average of 2% annually from 2026-2030 — twice the pace of the 2016-2025 stretch.
Meet the unlikely poster child for the AI boom and its insatiable energy demand.
Why it matters: Bloom Energy, long seen as a niche energy player, can deliver on-site power far faster than traditional options — a critical edge as data centers race to secure electricity.
President Trump's multi-front push to shore up critical minerals could pay long-term dividends for low-carbon U.S. industries — though it's hardly the intent.
Why it matters: Cleantech industries — like batteries, renewables manufacturing, advanced grid systems and others — need secure access to raw and processed materials.
