Daily on Energy: Sinema could be driving force behind climate provisions that survive Democrats spending push
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Daily on Energy: UN climate talks and European energy crisis juxtaposed
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The tax route
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July 18, 2021
As more attention is focused on fighting climate change, green technology is catching another breath from a new cash infusion.
The invention of a potentially breakthrough technology has not always led to large-scale commercial production as big investors have been loath to throw money into the big capital spending required for businesses like solar farms and battery before reaching profitability, the Wall Street Journal reports.
“It’s one thing to develop something really interesting, really cool in the lab,” Michael Edelman, chief executive of Massachusetts battery-technology company Ionic Materials, said at a recent conference for the Energy Department’s Advanced Research Projects Agency-Energy program, known as ARPA-E. “But how do you get it to a point where you can manufacture it cost effectively at the right quality consistently so your customers will buy it?”