There are still projects in the future, but these cancellations are certainly not a good sign. And now we have prices to think, adding additional layers of expenses and, worse, uncertainty. (Companies, in particular those whose plans require money swallows, really do not like uncertainty.) Honestly, I always get used to an environment that is not as positive for climate technology. To what extent should we be worried? Let’s move on to the context.
Sometimes another news can really lead a much larger trend home. For example, I read a bazillion of studies on extreme weather conditions and global warming, but whenever a hurricane approaches my mother’s home in Florida, the threat of extreme time fueled by the climate becomes much more real for me. A recent announcement on Climate Tech struck me in the same way.
In February, Aspen Aerogels announced that he was abandoning plans for a Georgia factory that would have made materials that can remove battery fires. The news struck me, because a few months ago, in October, I had written on The loan commitment of $ 670 million from the Ministry of Energy for the Project. It was a really fun story, both because I found fascinating technology and because MIT review of MIT technology I first have exclusive access to cover it.
And now, suddenly, this plan is just dead. Aspen said he would move part of his production to a Rhode Island factory and send a little abroad. (I contacted the company with questions for my story last week, but they didn’t answer me.)
An example does not always mean that there is a trend; I had food poisoning in a sushi restaurant once, but I haven’t cut Sashimi permanently. The bad news, however, is that Aspen’s cancellation is only one of the many. More than a dozen major projects in climate technology have so far been killed this year, because non -profit E2 has counted in a new report last week. It is far from typical.
I obtained an additional context of Jay Turner, which manages Big Green Machine, a database which also follows investments in the climate-tech supply chain. This project includes certain data that E2 will not take into account: the news at the time when projects are delayed or take the steps. Monday, the Big Green Machine team published a new updateThe one Turner called “concerning”.
Since Donald Trump took office on January 20, around $ 10.5 billion in investment in climate technology projects have increased in one way or another. This essentially means that 26 projects have been announced, obtained from new funding, increased on a scale or created construction or production.
Meanwhile, $ 12.2 billion on 14 projects slowed down one way or another. These covers which have been canceled, have been considerably delayed, or have lost funding, as well as companies that went bankrupt. So, by total investment, there have been more bad news in climate technology than good news, according to the follow -up of Turner.