Very pleased to announce our next Axios BFD event:
Tuesday, May 14 in San Francisco

Guests include David Sacks, Steve Young, Kathryn Haun, Karen DeSalvo and Jim Lanzone.

Request an invite: axios-bfd24-interest.splashthat.com

Excited to share today’s announcement that Google, Microsoft, and Nucor will work together to aggregate demand for advanced clean electricity technologies, including advanced nuclear, next-gen geothermal, clean H2, long-duration storage and more: blog.google/outreach-initi…🧵

Inflation Reduction Act + 18 months

Plans for the US EV supply chain are still expanding.

My students at Wellesley College and I are tracking it. Here is our post-I.R.A. tally for the US and some key trends:

91 new projects
$83.4B in planned investments
54,350 new jobs

A 🧵 1/14

Comments are due Monday for Treasury's hydrogen rules. We need the Biden Admin to finalize strong rules that protect our climate. Big loopholes will only lead to big pollution. The fossil fuel industry is pushing for weak rules. Biden must stand strong!
federalregister.gov/documents/2023…

It's here: my annual presentation on decarbonization.

There is a lot going on, and I attempt to capture it in 200 slides. Ocean heat content, deforestation, fund performance, vehicle efficiency, lighting technology, GLP-1 agonists, and much more. nathanielbullard.com/presentations

Scoop: Biden is set to issue a $1.5B loan to restart a closed Michigan nuclear power plant, paving the way for a shuttered U.S. reactor to reopen for the first time.

Biden to Offer $1.5 Billion Loan to Restart Michigan Nuclear Power Plant | Bloomberg
news.yahoo.com/biden-offer-1-…

Cybertruck, quite literally, driving circularity!

We had some fun putting the Cybertruck to work hauling 10,000 lbs of recycled nickel and lithium products from our NV Battery Materials Campus. Our team is inventing and building the US battery supply chain one process and…

🚨🚨🚨🎬 Axios Entertainment inks Amazon deal and provides pitching shows w Tom Brady’s Shadow Lion, Chrissy Teigen‘s Huntley Productions, Media Res, Guy Ritchie, Mark Wahlberg’s Unrealistic Ideas, among others.

hollywoodreporter.com/business/busin…

Scoop: Chamath Palihapitiya is no longer raising a VC fund axios.com/2024/01/26/cha…

Northern California's Humboldt County just got a $427 million federal grant to help fund construction of offshore wind turbines: times-standard.com/2024/01/24/a-g…

Working with Bentley Allan, we tallied up the IRA incentives that could be unlocked as the nickel from one mine flows through the US’s battery & EV supply chain.

Bottom line: Tens of billions in tax credits could be in play.

technologyreview.com/2024/01/25/108…

Exciting news that CTR’s geothermal and lithium project in the Salton Sea is moving forward. This is huge for both clean firm power AND critical minerals.

The world is just beginning to see the massive value geothermal is bringing the energy transition.
latimes.com/environment/ne…

It's finally here! Treasury Department and U.S. Department of Energy have updated the list of eligible EVs for 2024, following the 'foreign entities of concern rule.' I'm sure we'll do full analysis for BloombergNEF, but you can find the list here (and quick thoughts to follow): fueleconomy.gov/feg/tax2023.sh…

Transit never needed 'reinvention.' It just needs service that's frequent, reliable, and extensive.

bloomberg.com/news/articles/…

Over at #COP28 , the draft omits the 'phase out' of fossil fuels that many nations have demanded #OPEC 🛢️📊
reuters.com/markets/commod…

Biochar, which has done the lion’s share of carbon removal outside forests, is maybe more permanent storage than we thought.

Methods that use biology to capture carbon (avoiding bad thermodynamics of industrial capture) and engineering to help store it longer term intrigue me.

Innovative solar tracker startup Sunfolding has folded Canary Media canarymedia.com/articles/solar…

The Biden Administration is poised to set sound rules for clean hydrogen (see my explainer here canarymedia.com/articles/hydro…). Some industry voices are pushing for much laxer rules. I want to drill down on one spurious argument made by the Fuel Cell & Hydrogen Energy Association...🧵

For now, this looks much more like a winnowing down of who is competitive in the market than a general drop-off in demand.

Pure-play EV automakers are running away with it. They now account for 7% of global vehicle sales.

The second iteration of Fisker dials back production targets, again. electrek.co/2023/12/04/fis…