Xos Inc., an electric truck company that counts UPS among its customers, said this morning that it's going public at a $2 billion valuation via a reverse merger with NextGen Acquisition Corp.
Why it matters: The California-based Xos' deal is the latest in a wave of electric vehicle companies going public via mergers with special purpose acquisition companies, signaling heavy investor interest in the sector.
Investigations of the Texas electricity crisis — a disaster with fatal consequences — are proliferating in the state and the Beltway.
Why it matters: The inquiries could bring regulatory changes to Texas' independent grid aimed at better preparation for extreme weather.
The consultancy Rystad Energy sees lots of job growth coming in the offshore wind power sector this decade.
The big picture: They see global installed offshore wind capacity reaching 110 gigawatts by 2025 and 250 GW by 2030, and "this prolific growth will require a lot of skilled employees."
The big picture: A Texas Commission on Environmental Quality spokesperson told CNN that some 8.8 million people, or roughly a third of the state's population, still had issues with their water supply Sunday evening. Food banks and volunteers delivered bottled water to thousands of people in the past few days.
Sen. Tina Smith (D-MN) is calling for federal investigations into possible price gouging of natural gas in areas afflicted by the severe winter storms that have caused power outages in Texas and other large swaths of the country.
Why it matters: In a letter to regulators sent Saturday, Smith said spot prices for natural gas increased by over 100 times their typical levels, raising utility costs for people in the affected areas.