cleantechstocks
Renewable energy company SunCable has received principal environmental approval for its flagship Australia-Asia Power Link (AAPowerLink) project, the company announced via press release on Tuesday (July 16). “This approval allows us to progress the development, commercial, and engineering activities required to advance the project to Final Investment Decision targeted in 2027,” said Cameron Garnsworthy, SunCable's managing director. Approval came from the Northern Territory's government and the Northern Territory Environment Protection Authority. AAPowerLink is a proposed 12,000 hectare solar ...
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Although electric vehicle (EV) sales have trended steadily upward over the last five years, industry experts present at Fastmarkets' Lithium Supply and Battery Raw Materials Conference are concerned that high price points, continued range anxiety and geopolitical tensions could impede future market growth. Although EVs gained market share last year, accounting for 18 percent of the 75.3 million automobiles sold, figures from the International Energy Agency show that China continues to lead other regions by a wide margin. Of the 14 million EVs sold in 2023, most new registrations were made in C...
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Tesla’s (NASDAQ:TSLA) share of the US electric vehicle (EV) market fell below the 50 percent threshold for the first time ever in 2024's second quarter, according to a July 11 report from Cox Automotive. The company’s dominant position in the American EV market, which it has held since the introduction of its Model S in 2012, took a hit on the back of competition from rival automakers, including EV manufacturers in China. Tesla accounted for 49.7 percent of EV sales in the US from April to June, down from 59.3 percent a year earlier. The decline came despite growth in overall US EV sales, whic...
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June's softer-than-expected US inflation data has bolstered the case for interest rate cuts as early as September, providing welcome relief for investors amid a difficult economic landscape. Meanwhile, this week proved challenging for Elon Musk, and US Commodity Futures Trading Commission (CFTC) Chair Rostin Behnam advocated for expanded regulatory authority over cryptocurrencies. Stay informed on the latest developments in the tech world with the Investing News Network's round-up. 1. S&P 500, Nasdaq Composite close at all-time highsThe S&P 500 (INDEXSP:.INX) and Nasdaq Composite (INDEXNASDAQ:...
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There are many companies vying to produce the direct lithium extraction (DLE) technology of choice, but privately owned Gradiant is one of the few that is taking a water-first approach. Speaking with the Investing News Network (INN) at Fastmarkets' Lithium Supply and Battery Raw Materials Conference, held in Las Vegas from June 24 to 27, Anurag Bajpayee, co-founder and CEO, and Prakash Govindan, co-founder and COO, explained the company’s water-first philosophy and highlighted Gradiant’s current endeavors. The water-focused company is the brainchild of both Bajpayee and Govindan, who founded t...
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At this year's Collision event, a clear message emerged from industry experts: cleantech is no longer a niche market, but a mainstream investment opportunity with significant growth potential. The sector has evolved beyond early stage venture capital funding, now encompassing a wider range of investment channels. From infrastructure projects like modernizing power grids and developing sustainable transportation systems, to energy storage solutions and eco-friendly buildings, the cleantech sector is poised for a new era of investment. In a panel discussion at Collision, which ran from June 18 t...
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US carmaker Fisker has filed for Chapter 11 bankruptcy protection in the District of Delaware, citing production issues and macroeconomic headwinds affecting the electric vehicle (EV) market. The California-based EV manufacturer, known for its eco-friendly and sustainable Ocean SUV, is in advanced discussions with financial stakeholders regarding debtor-in-possession financing and the potential sale of its assets. "Fisker has made incredible progress since our founding, bringing the Ocean SUV to market twice as fast as expected in the auto industry and making good on our promises to deliver th...
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The Australian government has rejected Glencore’s (LSE:GLEN,OTC Pink:GLCNF) proposal to develop a carbon capture and storage (CCS) project in Queensland due to potential risks to groundwater resources. The decision halts the global commodities miner's plan to inject CO2 into underground aquifers to reduce emissions from a coal-fired power plant. The CO2 would have been stored 2.3 kilometers underground in the Surat Basin. Glencore's pilot project, managed by its subsidiary, Carbon Transport and Storage Company, aimed to capture 330,000 metric tons of liquefied CO2 annually from the Millmerran ...
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Tesla (NASDAQ:TSLA) is taking steps to mend strained relationships with European leasing companies following a series of retail price cuts that have negatively impacted fleet values. According to Reuters, Elon Musk's Tesla is attempting to stabilize its market position by offering unofficial discounts and addressing longstanding service issues to restore confidence among buyers. Tesla's retail price cuts were designed to counteract softening global demand for electric vehicles (EVs) and rising competition, particularly from Chinese automakers like BYD (OTC Pink:BYDDF,SZSE:002594). However, the...
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