- “Rivian Reaps $2.5 Billion In Latest Funding Round As EV Investments Soar” • Rivian is an EV startup headquartered in Plymouth, Michigan. For its initial funding, it raised raising $2 billion, much of which came from Amazon and Ford. Now it has gone for more money, and it has raised a further $2.5 billion in a funding round led by T Rowe Price. [CleanTechnica]
- “Report Says Asset Sales And Debt-Driven Dividends Show Fossil Fuel Industry Cannot Be Saved” • A report says major fossil fuel companies such as ExxonMobil and BP, “are racking up debt to maintain their shareholder payments and sustain an image as sound investments.” Others are selling assets. Their actions show they are failing. [Common Dreams]
- “US Businesses Face Increased Energy Management Pressure” • The Deloitte Resources Study, “Energy Management: Paused by Pandemic, but Poised to Prevail,” found that Covid-19 might actually be partially responsible for driving increased efforts to manage energy use, reduce CO₂ emissions, and address climate change. [Environment + Energy Leader]
- “Ford Aims To Power All Plants With Local Renewable Energy By 2035” • Ford aims to power all its manufacturing plants with local renewable energy by 2035, including the Chicago Assembly Plant in Hegewisch and Chicago Stamping Plant in Chicago Heights. The automaker is striving to become completely carbon neutral by 2050. [nwitimes.com]
- “‘Enormous Step’ For Energy Storage As Court Upholds FERC Order 841, Opening Wholesale Markets” • In a victory for the energy storage industry, a federal appeals court upheld the Federal Energy Regulatory Commission’s Order 841, clearing the way for transmission grid operators to open their markets to energy storage. [Greentech Media]
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