Finance

“Reports indicate that the Taxpayers Protection Alliance, the Heartland Institute and NERA all have ties to the Koch brothers, who have funded climate denial and pro-fossil fuel campaigns for roughly three decades.”

A roundup of recent funding in renewable energy and cleantech: Quidnet, DroneBase, Eos Energy, Urjanet, and Clir Renewables.

Also in the brief: largest operational battery in the U.S., more futile carbon capture and more landfill solar

Eos has executed a letter of intent for a merger with a SPAC — which would result in Eos becoming a publicly listed company. Investors seem fascinated by energy storage this year, the long-duration variety in particular.

Also in the brief: generational climate divide among Republicans, installing solar in the Alaskan tundra

In addition to making the stand-alone energy storage investment tax credit (ITC) eligible and extending a 30% solar ITC through 2025, the House bill creates a direct pay mechanism that can be used in lieu of the ITC.

Also African microgrids, $200 million for solid-state batteries, $20 million for utility field safety, billions for infrastructure, and millions for deep tech.

Investments will include offshore wind, onshore wind, solar PV, transmission, storage, waste-to-energy and biomass assets.

This investment comes on top of the $100 million invested in 2018. Venture capital and corporate funding of new energy technologies continues despite — or perhaps because of — the pandemic.