Category: Daily News

Green Energy Companies Going Down the Drain

Three reports provide data on hollowing out the alternative energy (non-hydrocarbon) sector.  Firstly an update from E2 $22 Billion in Clean Energy Projects Cancelled in First Half of 2025; $6.7 Billion Cancelled in June.  Excerpts in italics with my bolds and added images.

Clean Economy Works | total projects cancelled, closed,
downsized by sector Aug. 2022-June 2025

*totals will not match overall figures as some projects are categorized into multiple sectors

Businesses canceled, closed, and scaled back more than $22 billion worth of new factories and clean energy projects in the first half of 2025 after cancelling another $6.7 billion in June alone, according to E2’s latest monthly analysis of clean energy projects tracked by E2 and the Clean Economy Tracker.

The latest wave of cancellations — affecting five battery, storage, and electric vehicle factories in Colorado, Indiana, Michigan, New York, and Oregon — follows growing uncertainty among businesses as Congress was making the final push to effectively end federal clean energy tax credits. More than 5,000 jobs were lost to the cancellations and scales backs in June, bringing the total number of jobs lost to abandoned projects in 2025 to 16,500.

June’s cancellations were led by major automakers scaling back electric vehicle production investments. General Motors cancelled a $4.3 billion plan to expand its Orion plant in Michigan to build new electric pickups and instead shift its investments there to build 8-cylinder gas vehicles. Additionally, Toyota scaled back a $2.2 billion plan to retool a manufacturing plant in Indiana that was going to build a new three-row electric SUV, consolidating production to its Georgetown, Kentucky plant instead.

Cancellations, Closures, Downsizes

This tracking includes all projects, plants, operations, or expansions that were cancelled or closed since passage of the IRA in August 2022. This does not include announced layoffs that are not associated with a project downsizing unless there is a stated decease in production output. This list also does not include the transfer of project ownership, if production will continue under the new ownership, power purchasing agreements, or other similar type of announcements. Project delays or idling of facilities are not included unless there in an announced decrease in production or investment or unless the project will need to be restarted to proceed in the future.

A second report is from Big Green Machine  CLEAN ENERGY MANUFACTURING: TRUMP 47+ 7 MONTHS.  Excerpts in italics with my bolds and added images.

What has happened to investment in US clean energy manufacturing and supply chains since Trump took office on January 20, 2025?  Our Trump + 7 month tracker below was updated on August 20, 2025. You can also read our 6-month report below or download the report.

The Big Green Machine: Trump + 6 months report (released on July 29, 2025, based on data through July 20, 2025).

Since Donald Trump took office on January 20, 2025, newly announced investments in clean energy manufacturing projects have slowed dramatically, while the number of projects that have been paused, canceled, or closed has skyrocketed. Projects are being paused, cancelled, and closed at a rate 6 times more than during the same period in 2024 and 30 times more than during the same period in 2023.

The Big Green Machine tracks investments in the supply chain, from mine to factory, in the wind, solar, batteries, and electric vehicle industries. Over the past six months, 26 projects, totaling $27.6 billion in capital investment and creating 18,849 jobs, have been paused, canceled, or closed. During the same period, 29 new projects were announced, adding up to $3.0 billion in capital investment and 8,334 jobs.

This marks a dramatic reversal from the first six months of 2024. During that period, 54 new projects adding up to $15.9 billion in capital investment and 25,942 new jobs were announced. In comparison, 8 projects adding up to $4.1 billion in capital investment and 3,820 jobs were paused, canceled, or closed during the first six months of 2024.

That does not mean all activity in the clean energy sector has stopped. Since Trump took office, many previously announced projects have broken ground, started pilot production, or moved into full production. By our count, 39 projects adding up to $21.1 billion in capital investment and 25,269 jobs have advanced in the past six months. But the projects that are advancing are, on average, smaller in size than the projects that are slowing.

Other patterns are emerging with respect to which projects are advancing or slowing. Not surprisingly, projects counting on federal support in the form of loans and grants are more likely to be slowing. In addition, our tracking shows that projects located in communities with lower median household incomes and communities classified as disadvantaged are seeing a higher proportion of slowed projects, meaning that communities in need of opportunity are losing out.

Unlike the two above reports focusing on 2025 contractions, the third report from Canary media details the green energy bloodbath last year The cleantech companies that didn’t make it through 2024. Excerpts in italics with my bolds and added images.

From carbon removal startups to solar icons, the climate world saw a number of corporate flameouts this year. Here are some takeaways and lessons learned.

Examples included (among many others)

Solar sunsets

Arguably the most shocking cleantech corporate demise of 2024 was that of SunPower, a solar industry icon that grew from humble startup roots to a valuation in the billions, only to file for bankruptcy in August. Even as solar installations smash records in the U.S. and the federal government channels capital into onshoring solar panel production, SunPower found itself undone by China’s industrial policy might and its own boardroom missteps. High interest rates and other policy headwinds, like California’s NEM 3.0, didn’t help.  Also Ubiquitous Energy, Toledo Solar

Solar installer bloodbath

High interest rates and rooftop solar incentive shifts in leading states rippled through the long tail of residential solar installers and led to scores of bankruptcies in the past two years, an unprecedented collapse.

Here are a few of the larger casualties from this year: Sunworks, a residential and commercial solar installer, filed for bankruptcy in February. Founded in 2002, Sunworks had developed 224 megawatts of solar projects across 15 states and employed 640 people. Titan Solar operated in 16 states and abruptly shut down its operations in June. Utah-based residential solar company Lumio filed for bankruptcy in September.

Energy storage setbacks 

Armed with billions in investor capital, scores of storage startups have been aiming to dethrone energy stalwarts like lithium-ion and diesel generators — but in the words of The Wire’s Omar Little, ​If you come at the king, you best not miss.”

These companies missed.  Sweden’s Northvolt, once valued by investors at almost $12 billion, filed for bankruptcy in November in the year’s biggest battery bust.  Ambri, an energy storage aspirant with technology based on the research of MIT professor Donald Sadoway, declared bankruptcy in May.  Richmond, California–based Moxion Power laid off 101 workers in June and shuttered its doors, following a wave of hype for its 75-kilowatt portable lithium-ion batteries that it hoped would replace diesel generators.  Two other notable failures in the storage sector:  Ionic Materials, a 40-person MIT spin-out developing battery materials, Australian flow battery firm Redflow.

Removing carbon one VC dollar at a time 

Running Tide was the largest marine carbon-removal startup and the first to sell ocean carbon credits. Its initial plan of removing carbon dioxide from the atmosphere and sequestering it in the ocean by growing and sinking kelp morphed into sinking wood chips coated with lime-kiln dust. Running Tide announced that it was folding in June after raising more than $54 million.

Unsustainable aviation

Chasing a clean fuels breakthrough, Fulcrum BioEnergy promised to transform municipal waste into sustainable aviation fuel through a low-emissions gasification process. Instead, the company incinerated hundreds of millions in funding from BP, United Airlines, Cathay Pacific, and Japan Airlines — and hundreds of millions more in municipal bondsThe firm ceased operations in May.  Also Universal Hydrogen 

Charger bankruptcy

Tritium, a major provider of high-speed EV chargers, went bust in April but found a buyer for its insolvent business in India-based Exicom, which claims it will keep Tritium’s U.S. factory in business. Tritium has sold roughly 13,000 chargers in 47 countries and claimed a 30 percent U.S. market share for direct-current fast chargers in 2023.

Zero to 60 and back to zero with EVs

Luxury EV maker Fisker went bankrupt again; electric-van maker Arrival went bankrupt and sold its assets to another struggling EV maker, Canoo, which is currently furloughing employees; Cake, a Swedish e-motorcycle startup, sold 6,000 bikes but filed for bankruptcy in February after raising more than $75 million.

ArcimotoFaraday FutureMullen Automotive, and Workhorse Group are publicly traded EV companies but are facing delisting warnings, paltry revenue, and valuations that are rapidly approaching zero. Nikola stock is down by 90 percent year to date.

Comment

These reports are from green energy enthusiasts and promoters, expressing concerns without questioning the so-called transition to zero carbon.  They really do want to pave farmland over with solar and wind installations.  The rest of us understand that the whole green economy notion is delusional and needs dismantling ASAP.  The creative destruction of these misbegotten enterprises is a step in the right direction.

via Science Matters

https://ift.tt/9LOKAwt

August 26, 2025 at 12:48PM

‘Green’ Europe’s Industrial Masochism

Guest essay by Dr. Samuele Furfari

If a self-described leader finds that nobody is following, is leadership present? Perhaps. The next question might be, where is the leader headed?

These queries could well be put to the European Union’s makers of energy policy, who fancy themselves as groundbreakers for a supposed transition away from fossil fuels in favor of “green” technologies. (We use qualifying quotation marks because wind turbines and solar panels have plenty of environmental downsides.)

But, according to recent Energy Institute data, European leaders are driving not a bandwagon onto which the world is jumping but rather a hearse toward self-destruction.

EU policy choices have led to so-called renewable sources – primarily wind and solar – constituting more than one-third of the European electricity mix, surpassing coal by a significant margin.

Globally, renewables are growing rapidly in absolute terms. In 2024, wind, solar and other renewables contributed 5.6% to the global energy mix.

However, the growth in renewables is not keeping pace with rising global energy demand. Over the past decade, fossil fuel consumption increased more than seven times faster than the growth of renewables. Contrary to the narrative often presented by media, coal production has increased, rising more than 10% in the last decade.

Fossil fuels – coal, oil and natural gas – accounted for 87% of the world’s energy in 2024, while renewables’ share remains in single digits despite more than $5 trillion being spent on wind and solar in the last 20 years.

Last year, global energy supply increased by nearly 2%, driven by rising demand for all types of energy. Accounting for 65% of the increase was the Asia-Pacific region, which represents 47% of the world’s energy consumption and where 83% of the coal is burned and reigns as king of fuel sources. Together, China, India and Indonesia produced 71% of the globe’s coal.

Over the last 10 years EU energy demand has decreased by almost 6 exajoules (EJ), while worldwide use has increased by 13 times – almost 77 exajoules EJ.

So, EU “leadership” has managed to decrease European energy use and increase the role of renewables on the continent. But at what cost?

“In 2008, the U.S. and Eurozone economies were about the same size,” writes Andy Kessler in the Wall Street Journal. “Since 2010, Europe’s per capita gross domestic product (GDP) has basically flatlined. Today, the U.S. nominal GDP per capita is almost twice as large as Europe’s.”

Rather than undergoing the global EnergieWende imposed by Germany, the world is growing economically and in a phase of adding new sources to existing ones rather than replacing them. (See my paper “Energy Addition, Not Transition” for a fuller discussion.)

Given that most of the world’s population aspires to greater prosperity – and therefore cheap, abundant energy as desired by the EU before its conversion to ecologism – it is highly unlikely that these trends will be reversed. Economic and social imperatives, as well as the need for secure energy supplies, make a reduction of fossil fuels demand improbable.

As a result, the gap between ill-advised climate ambitions and the reality of global energy consumption will only widen further. Failure to meet announced climate targets is now so obvious that it is reasonable to anticipate an abandonment of the Paris Agreement, as it will become increasingly difficult to conceal the scale of this failure.

Paradoxically, while the latest edition of the Energy Institute’s Statistical Review of World Energy clearly demonstrates this failure, the European Commission continues to propose utopian targets, such as a 90% reduction in its own emissions by 2040.

The reality is that European industry is withering away, jobs are moving elsewhere, and citizens are growing tired of footing the bill for a climate policy that is inevitably leading to economic suicide. Yes, the EU may achieve net zero, but it will be zero across the board: zero industry, zero prosperity and zero global influence.

So, there you have it: the EU, champion of policies that can make no difference in the climate – and of industrial masochism.

Dr. Samuele Furfari is a professor of energy geopolitics in Brussels and London, a former senior official with the European Commission’s Directorate-General for Energy and a member of the CO2 Coalition. He is author of the paper, “Energy Addition, Not Transition,” and 18 books, including “Energy Insecurity: The organised destruction of the EU’s competitiveness.”


Discover more from Watts Up With That?

Subscribe to get the latest posts sent to your email.

via Watts Up With That?

https://ift.tt/fA2TMNO

August 26, 2025 at 12:01PM

Wednesday

0 out of 10 based on 0 rating

via JoNova

https://ift.tt/IuY1EJx

August 26, 2025 at 10:23AM

From the atmosphere to the abyss: Iron’s role in Earth’s climate history

A new study published by researchers at the University of Hawai‘i (UH) at Mānoa sheds light on the critical role of iron in Earth’s climate history, revealing how its sources in the South Pacific Ocean have shifted over the past 93 million years. This groundbreaking research, based on the analysis of deep-sea sediment cores, provides crucial insights into the interplay between iron, marine life, and atmospheric carbon dioxide levels.

Iron is a vital nutrient for marine life and plays a significant role in regulating atmospheric carbon dioxide by influencing the growth of phytoplankton, which absorb carbon dioxide. Although the importance of iron today is well-established, researchers have a limited understanding of how past iron availability may have shaped the marine ecosystem.

To investigate the long-term history of oceanic iron, the researchers meticulously analyzed iron isotopes in three deep-sea sediment cores from the South Pacific, far removed from continental influences.

Red-brown clays recovered from deep sea sediment cores in the Pacific Ocean. Credit Richard W. Murray

“Over the past 93 million years, we found that five primary sources of iron have influenced the South Pacific Ocean: dust, iron from far off ocean sources, two distinct hydrothermal sources, and a volcanic ash,” explained Logan Tegler, the lead author and oceanography postdoctoral researcher in the UH Mānoa School of Ocean and Earth Science and Technology. “These sources shifted over time as the sites gradually migrated away from mid-ocean ridges.”

The study revealed an evolution in iron supply: initially, hydrothermal sources were the dominant source, but dust gradually took over, becoming the primary contributor around 30 million years ago. 

Iron’s influence on the ecosystem, carbon removal

“Understanding this historical context helps us comprehend how iron has shaped ecosystems,” said Tegler. “It also raises questions about how the iron cycle might have favored certain microbes over others—an ecosystem with persistently low iron could favor microbes adapted to survive under iron-limited conditions, such as diatoms.”

In many regions of the Pacific Ocean, iron availability limits the growth of phytoplankton, thereby limiting the amount of carbon dioxide removed from the atmosphere. 

“Modern dust deposition in the South Pacific is extremely low,” said Tegler. “However, our findings surprisingly suggest that the South Pacific is currently receiving more dust than it has at any point in the last 90 million years, which is remarkable given its current reputation as an iron poor region!”

This study sheds light on iron cycling across the broader Pacific basin and enhances understanding of how essential nutrients like iron shape ocean ecosystems and climate over millions of years. 

“As human activities increase iron input to the oceans through industrial emissions and biomass burning, understanding past perturbations of the iron cycle is crucial for predicting and mitigating adverse effects,” added Tegler. 


Journal

Paleoceanography and Paleoclimatology DOI 10.1029/2025PA005149 


Discover more from Watts Up With That?

Subscribe to get the latest posts sent to your email.

via Watts Up With That?

https://ift.tt/RbxgiTs

August 26, 2025 at 08:01AM