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Drax Cancels Plan to Build Europe’s Largest Natural Gas Power Plant

GreenTechMedia

gigawatt natural gas power plant in the U.K. have been shelved by the developer Drax, highlighting the challenging economics of converting coal-fired power to a cleaner, but still fossil-fuel-fired, alternative. ’s climate change laws. ’s largest power plant. Plans for a new 3.6-gigawatt GW running on coal.

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How to Start a Solar Farm Business and Max Your Income

Hydrogen Fuel News

As the surge in renewable energy initiatives continues to redefine the landscape of energy production, solar farming has emerged as a beacon of sustainable income and environmental stewardship. This exploration seeks to illuminate the path toward a greener future and a prosperous venture in the realm of solar energy.

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? US clean investment cleans up with $239bn #187

Climate Tech VC

The US Clean Investment Monitor published its annual report for 2023, which saw clean investment total $239bn, up 38% from 2022. Energy & industry. Happy Monday!    Lots of spice for clean investment this week. 14% of total investment came from the feds, with $33.7B of dollars put to work.   Manufacturing.

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Climate Tech Entrepreneurs React to the Inflation Reduction Act

Elemental Excelerator

Not to mention President Biden also signed the CHIPS and Science Act of 2022 , putting about $67 billion toward zero-carbon industries and climate research. Boosting shared solar installations through the 10-year extension of the 30% Investment Tax Credit, which is now technology neutral and covers energy storage, clean hydrogen, and more.

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DOE Quietly Backs Plan for Carbon Capture Network Larger Than Entire Oil Pipeline System

DeSmogBlog

An organization run by former Obama-era Energy Secretary Ernest Moniz, with the backing of the AFL-CIO, a federation of 56 labor unions, has created a policy “blueprint” to build a nationwide pipeline network capable of carrying a gigaton of captured carbon dioxide (CO2).

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May Cleantech Roundup: COVID & EVs | Enormous Storage Investments | Scooter Consolidation |…

Clean Energy Trust

May Cleantech Roundup: COVID & EVs | Enormous Storage Investments | Scooter Consolidation | Insanely Cheap Solar Clean Energy Trust’s cleantech roundup highlights interesting cleantech news and perspective, across industry, technology, policy, and investing. Note: There is a lot happening in the world.

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? Out of Scope but front of mind for the SEC #188

Climate Tech VC

Consider this an important first, a base to build further disclosure mandates off of, and a harbinger of the increasing politicization of investing and climate.  In deals there’s $283m for electrolyzers across two deals, $16m for energy efficient processors, and $11m for DAC.    Thanks for reading!