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Deep Sky is running a carbon removal competition on the plains of Alberta.

Four years ago, Congress hatched an ambitious, bipartisan plan for the United States to become the epicenter of a new climate change-fighting industry. Like an idea ripped from science fiction, the government committed $3.5 billion to develop hulking steel complexes equipped with industrial fans that would filter planet-warming carbon dioxide out of the air.
That vision — to build regional hubs for “direct air capture” — is now languishing under the Trump administration. But a similar, albeit privately-funded initiative in Canada has raced ahead. In the span of about 12 months, a startup called Deep Sky transformed a vacant five-acre lot in Central Alberta into an operational testing ground for five different prototypes of the technology, with more on the way.
I had been following the project since early last year, after receiving roughly a dozen press releases from Deep Sky about all of the companies it was setting up partnerships with. But it was hard to believe the scope of the ambition until I saw it with my own eyes.
CarbonCapture Inc., one of the companies piloting its technology at Deep Sky, had originally planned to deploy in the U.S., but has since packed up and headed north. The Los Angeles-based startup recently shipped all the equipment for its first demonstration project from Arizona to the Deep Sky site on four flatbed trucks. On a crisp October day, under a bluebird sky, the company’s CEO Adrian Corless stood in front of the newly installed towering mass of metal fans and explained the move.
“Because of what’s been going on in the U.S. and the backing away from support of climate technology and carbon removal, we made a decision back in February that we were going to redirect our focus and effort to Canada,” he told an audience of Canadian officials who had come to see the tech up close.
“Eight weeks ago, this was just dirt,” Corless said. “Today, we’re actually going to bring the first of our modules to life.” Then he invited Danielle Smith, Alberta’s conservative Premier, to do the honors. She pointed her fingers like a pistol and yelled, “Hit it!”
Behind her, the fans started to whir.
Deep Sky is not like other companies working in direct air capture, or DAC. Whereas most startups are developing their own patented designs and then raising money to go out and build demonstrations, Deep Sky is solely a project developer. It buys DAC systems, operates them, and sells credits based on the amount of carbon it’s able to remove from the air and sequester underground. Other companies buy these credits to offset their own emissions.
In the spring of 2024, Damien Steel, Deep Sky’s then-CEO, explained the theory of the case to me. It takes a different set of skills to engineer the tech than to deploy it in the real world, he said, which requires procuring energy to run the system and developing storage sites for the captured CO2. “There’s a reason why renewable developers don’t build their own windmills and solar panels,” he told me.
DAC technology is nowhere near as advanced as solar panels or wind turbines. Removing carbon dioxide from the air, where it makes up just 0.04% of the total volume, is currently far too energy-intensive to be commercially viable. There are more than 100 companies around the world trying to crack it.
Deep Sky’s first ambition was to buy a bunch of prototypes, test them next to each other, and figure out which were the most promising. Steel told me he was in the process of acquiring 10 unique DAC systems to install at a “commercialization and innovation center” known as Deep Sky Labs.

By the end of that summer, the company had signed a lease for the site in Alberta. Less than a year later, this past June, it had completed initial construction and was ready to begin hooking up DAC systems. In August, it announced that it had successfully injected its first captured carbon into an underground storage well. I had never seen one DAC project in the real world, let alone five. The company suggested I come for a tour during CarbonCapture’s launch event in late October.
By then Steel, who joined Deep Sky after more than a decade in venture capital, had stepped down from the CEO role “for personal reasons,” he wrote in a LinkedIn post, though he stayed on as an advisor. My guide would be his successor, former Chief Operating Officer Alex Petre.
Deep Sky Labs, now called Deep Sky Alpha, is in Innisfail, a town of about 8,000 people surrounded by farmland and prairie. To get there, I flew to Calgary and drove 75 miles north on Highway 2, the primary throughway that connects to Edmonton. Innisfail is dense and suburban-looking, with an industrial corridor on the western edge of town. Deep Sky was on its outermost edge, on the site of a former sewage lagoon the town had recently reclaimed, and sat catty corner to a welding and manufacturing company, which, as I was later told — multiple times — was developing hydrogen-powered locomotives.
A bright white cylindrical building about the size of an airplane hangar, emblazoned with “Deep Sky” in big black letters, was visible from half a mile away. As I pulled up to the site, workers in neon vests and hard hats were scurrying among outcroppings of pipes and metal structures. Unsure of where to enter, I parked on the road and wandered up to some trailers outside the perimeter. Petre poked her head out of one and beckoned me inside an office, where she fitted me with my own vest and hard hat so I could get a closer look.
“This is the only place in the world where we are putting together different direct air capture technologies side by side,” she told me, as we passed through a gate and began walking the grounds. Other than the sound of trucks and excavators driving around, it was fairly quiet. None of the DAC units were operating that day — one was down for maintenance, one for the winter, and the rest were still under construction.
The first stop on the tour was a modest black shipping container labeled SkyRenu, a DAC company based in Quebec. It was the smallest system there, designed to capture just 50 tons of carbon per year — roughly the annual emissions from a dozen cars. Directly across from it, workers appeared to be fitting some pipe on a much larger and more complicated structure resembling Paris’ Pompidou Center. This was United Kingdom-based AirHive’s system, which would have the capacity to capture about 1,000 tons per year once completed.

DAC systems are feats of chemistry and mechanical engineering. At their core is a special material called a sorbent, a liquid or solid designed to attract carbon dioxide molecules like a magnet. The process is generally as follows:. First, the sorbent is exposed to the air, often with the help of fans. Once saturated with carbon, the sorbent is heated or zapped with electricity to pry loose the CO2. The resulting pure CO2 gas then gets piped to a processing facility, where it’s prepared for its ultimate destination, whether that’s a product like cement or fuel or, in the case of Deep Sky, a deep underground rock formation where it will be stored permanently.
Deep Sky’s aim was to trial as many iterations of the tech as it could at Alpha, Petre told me. That’s because what works best in Alberta’s climate won’t necessarily be optimal in Quebec or British Columbia, let alone hotter, more humid zones. “When the feedstock, which is ambient air, ends up being so different, we need multiple different technologies to work,” she said.
Case in point: A DAC system designed by Mission Zero, another U.K company, was offline the day I visited — and would remain so until next spring. It utilized a liquid sorbent and had to be drained so that the sorbent wouldn’t freeze when temperatures dropped below freezing overnight. The challenge wasn’t entirely unique to Mission Zero, however. “Everyone is struggling with winter,” Petre told me.

Alpha is piloting systems with liquid sorbents and solid sorbents, variations on the chemistry within each of those, and systems that use different processes to release the carbon after the fact. The development cost ran to “over $50 million” Canadian, Petre told me. The company raised about that amount in a Series A back in 2023. It also won a $40 million grant from Bill Gates’ venture capital firm Breakthrough Energy in December 2024, and this past June, the Province of Alberta awarded Deep Sky an additional $5 million from an emissions-reduction fund paid for by fees on the fossil fuel industry.
The company fully owns and operates almost all of the DAC units onsite, although it’s still working with the vendors to troubleshoot issues and sharing data with them to improve performance.
When it comes to Carbon Capture Inc., however, the arrangement is a bit different. Deep Sky has agreed to host the company’s tech, giving it access to power, water, and underground CO2 storage, but CarbonCapture will retain ownership and help with operations, and the two companies will share the proceeds from any revenue the unit generates.
Petre said the structure was mutually beneficial — Deep Sky gets to demonstrate its strengths as a full-service site developer, while CarbonCapture gets access to a plug-and-play spot to pilot its system in the real world. The U.S. company is also looking to expand in Canada. “There’s lots of potential collaboration down the line,” Petre said.
Before Trump arrived at the White House, CarbonCapture had been making aggressive plans to grow in the states. In the fall of 2022, before the company had even demonstrated its tech outside of a lab, it announced that it would build a project capable of removing 5 million tons of carbon per year in Wyoming by 2030. It later leased an 83,000-square-foot manufacturing facility in Arizona to produce the equipment for the project.
At the time, the Biden administration was integrating carbon removal — of which DAC is just one variety — into its “whole-of-governement” climate strategy. The Department of Energy rebranded its Office of Fossil Energy to reflect a new focus on “carbon management,” a broad term that encompasses carbon captured at fossil fuel plants as well as from the atmosphere. In addition to overseeing the development of the DAC Hubs, the agency was running more than a dozen other grant programs and research initiatives mandated by Congress that were intended to help the nascent industry get established in the U.S. Biden’s 2022 climate law, the Inflation Reduction Act, also increased the tax credit available to DAC projects from $50 for every ton of carbon stored underground to $180.
As helpful as all of that may have been for the nascent industry, Canada was arguably going further. In 2022, the country finalized its own tax credit — an investment tax credit — that would cover 60% of the capital cost of building a direct air capture plant. The approach, while inspired by the U.S. subsidy, is geared more at de-risking project development than rewarding project success. The following year, the province of Alberta said it would offer an additional 12% investment tax credit on top of that.
Alberta was also becoming a leader in developing carbon storage infrastructure. Despite — or, more likely, because of — its oil-based economy, the province views carbon capture and storage as a “necessary pathway” that “will help Alberta transition to a low-carbon future.” Canada is the fourth largest producer of crude oil in the world, and the bulk of it comes from Alberta’s environmentally destructive tar sands.

The government of Alberta owns most of the subsurface rights there, unlike in the U.S., where such rights are bestowed to landowners. That meant the province could simply offer companies leases to develop carbon injection wells. After two requests for proposals, the province selected 24 projects to “begin exploring how to safely develop carbon storage hubs.” A few of them, including Deep Sky’s storage partner — the Meadowbrook Hub Project north of Edmonton — are now operating.
Corless, of CarbonCapture, told me he spent a lot of time in Washington talking to the new staff at the DOE after Trump’s inauguration. It became increasingly clear to him that the DAC Hubs funding — and the general support for the sector enjoyed under the previous administration — would be going away.
By that point, the company had already planned to move its Wyoming venture to Louisiana after struggling to secure a grid connection at its original site. CarbonCapture had been awarded a DAC Hubs grant to conduct an engineering study for the project, but it received a notice from the DOE that the grant was canceled earlier this month. The company is still considering its options for how or whether to move forward.
On the same day the news leaked, CarbonCapture announced that it was shifting its plans to build a separate, 2,000 ton-per-year pilot plant from Arizona to Canada. Corless told me the company had originally planned to partner with a cement company to store the captured carbon in building materials, but Alberta offered more attractive commercial prospects. The company could more quickly access geologic carbon storage there, enabling it to sell carbon credits, which command a higher price than experiments in carbon-cured cement.
The timing of the announcement was pure coincidence. The poor prospects for an American DAC industry under Trump weren’t not a factor in the move, however. CarbonCapture wanted its pilot project to be a “springboard” for its first commercial plant, and Canada was attractive “given the favorable economic incentives, favorable regulatory environment, and the general positive interest in deploying DAC,” the company’s marketing director, Ethan Stackpole, told me in an email. “This is in contrast to the current atmosphere in the U.S.”
CarbonCapture signed a contract with DeepSky to host the pilot, dubbed Project Tamarack, in May, and set up a Canadian business entity called True North to build it. When I visited the site, the company was in the final stages of “commissioning” the unit, i.e. getting it ready to operate. The equipment had been manufactured at the company’s factory in Arizona, but it may end up being the only system produced there. The facility is now sitting idle.
Petre and I followed the tidy rows of wires and pipes that wound through Deep Sky Alpha, carrying electricity, water, and compressed air to each DAC system. A set of return pipes delivers the captured CO2 to Deep Sky’s central processing facility — the big white cylindrical building — where the company measures the output from each system before combining it all into a single stream. Inside, she showed me how the gas moved between large, tubular instruments that measure, dry, compress, and cool it into a liquid.
“Everything outside is first of a kind,” she said. “All of this equipment in here is fairly standard energy oil and gas equipment, it’s just arranged in a very different way.”
Sensors monitoring the wires and pipes enable Deep Sky to measure how much energy and water goes into producing a ton of CO2. Finally, trucks carry away the liquid CO2 to the Meadowbrook storage hub about two hours north, where an underground carbon sequestration well operated by a separate company called Bison Low Carbon Ventures provides it a permanent home.
While trucking the CO2 wasn’t ideal, the amount Deep Sky would capture at Alpha was so small that it made more sense to partner with Bison, which already had a permitted well, than to try to build one itself, Petre explained. When Deep Sky scales up at its next facility, which it expects to build in Manitoba, the company aspires to drill its own carbon sequestration wells on site.
Despite Alberta’s advantages for DAC, the location is not without drawbacks. The province had imposed a seven-month moratorium on renewable energy approvals from 2023 to 2024, which led to project cancellations and put development on ice. When the ban lifted, new regulations restricting wind and solar on agricultural land and near designated “pristine viewscapes” continued to make it difficult to build. Petre told me Deep Sky was one of only two companies in Alberta to secure a power purchase agreement with a solar farm last year.
“If I said, ‘I need 150 megawatts for my next facility right now,’ it would be a fairly difficult process,” she said. “There isn’t that much capacity online, and I would have to compete with data centers and a whole bunch of other folks who are also looking to come here and develop.” The company has started looking into building its own renewable energy supply on site, she said.
That anti-renewable sentiment stems from the region’s strong oil and gas identity. After my tour with Petre, I sat through a short program celebrating Project Tamarack’s launch, where Alberta’s Premier Danielle Smith conveyed her excitement by asserting that the province was “working to phase out emissions, not oil and gas production.” Alberta would double its energy production in the coming years, she said, while still reaching a goal of carbon neutrality by 2050.
Of all the extraordinary things I had seen and heard that day, this was the most brazen. The promise of direct air capture — the entire reason to expend time and energy and funds on plucking CO2 molecules out of the air — is that it’s one of the few ways to clean up the carbon that’s already in the atmosphere. Using it to offset continued oil and gas production might slow climate change, but there are a lot of other cheaper, more efficient, and more effective ways to reduce emissions — like switching to carbon-free power and electric cars.
I asked Corless about Smith’s comments later that day over coffee. Was it realistic to double oil production and go carbon neutral? He was coy. It would be very hard, he said. But it also depends on whether you’re talking about neutralizing the emissions from producing the oil versus from burning it. Corless seemed to view the argument as a political necessity, if a dubious one, to win government support for scaling DAC.
“I was hopeful that when the new administration came in, we could create an economic argument and tie what we’re doing to energy dominance and energy security,” he said, of the Trump administration. “It was just, I think, a bridge too far. Whereas here, that narrative is landing.”
Petre was more equivocal, responding that Deep Sky acknowledges that “we are not going to move away from oil and gas tomorrow,” and takes this as motivation to “get direct air capture to as low cost as possible and as easy to deploy as possible.”
In addition to the five DAC units currently installed at Alpha — SkyRenu, Airhive, CarbonCapture, Mission Zero, and a system from a German company called Phlair — Deep Sky has announced plans to bring two more units to the site from Skytree and GE Vernova. A few other deals are in the works but not yet public, Petre told me.
Even once Deep Sky Alpha has enough capacity installed to be printing carbon credits by the day, it won’t have proven that DAC is viable at scale. It’s not meant to. Many aspects of the facility are intentionally inefficient because of its nature as a testing ground.
“We had to do a lot of overspec-ing and oversizing of things,” Petre said. All the excess makes her optimistic about Deep Sky’s next project, however, where it will scale up a smaller number of systems to a much larger capacity. “If we can do something this complex, there’s a lot of room to simplify,” she said.
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Current conditions: The Northeast heatwave is breaking, with temperatures set to crash by as much as 50 degrees Fahrenheit over the Memorial Day weekend • The Sandy Fire just north of Los Angeles has now prompted mandatory evacuation orders for more than 10,000 homes in Ventura County, California • It’s the United Nations’ International Tea Day, and Myanmar’s Shan State — widely considered the birthplace of Camellia sinensis — is in the midst of intense rainstorms expected to last through at least the beginning of June.
The blockade at the heart of the global energy crisis right now appears to be softening. On Wednesday, the Financial Times reported that two supertankers shipping Iraqi oil to China made it through the Strait of Hormuz. A third megavessel carrying Kuwaiti crude to South Korea also appeared in shipping data to be crossing the narrow waterway at the mouth of the Persian gulf before its transponder went offline. The three ships are ferrying a combined 6 million barrels of crude, which the newspaper noted may be the largest volume to leave the Gulf in a single day since the end of February, when the U.S. and Israel began bombing Iran. An analyst from the data company Kpler said the ships steered through a route designated by Iran, suggesting “there was a deal done” with Tehran. If, as analysts told Heatmap’s Matthew Zeitlin back in March, “the time lag in global arrivals also helps explain why the physical market is only now starting to bite,” the latest shipments may loosen the jaws a bit.
Nearly 30 new utility-scale solar factories started production in the U.S. last year, reaching a high enough capacity to supply nearly twice the expected demand for photovoltaic modules through the end of the decade. That’s according to the latest report out this morning from the American Clean Power Association, the biggest trade group representing the renewable energy industry. The country now has the capacity to produce more than 60 gigawatts of panel modules per year, enough to meet forecast demand through 2030 of just over 35 gigawatts per year nearly twice over. The increase in module manufacturing capacity over the last five years topped 1,600%. But it’s not all rosy. Upstream, solar cell manufacturing has seen a far slower uptick, with just three active factories. The number of factories in the pipeline between now and 2030 falls just below projected demand. Thanks to tariffs, the One Big Beautiful Bill Act’s repeal of solar tax credits, and tight new eligibility restrictions on the use of foreign products in federally-supported projects, solar imports last year fell 33% compared to 2024 levels. The U.S. is also growing self-sufficient on batteries. Last year, the country expanded its manufacturing base enough to meet battery demand with domestic modules, putting the industry on track to do so with domestic cells as well by the end of this year. The five new active anode material plants set to come online by December — one of which is already in operation — could meet total U.S. demand for battery storage by 2028. “We haven’t attracted all of the supply chain yet, it’s still a work in progress, but so far the signs are quite good,” John Hensley, ACP’s senior vice president of markets and policy analysis, told Heatmap’s Emily Pontecorvo in an exclusive interview.

For the past five years, solar has been king among corporate energy buyers. Wind, then, could be considered the crown prince, trailing behind photovoltaics but undeniably the second in line for the throne. Not anymore. In 2025, nuclear surpassed wind as the second-largest technology in corporate deals, with over 5 gigawatts of capacity announced in a single year, according to the latest data from the Corporate Energy Buyers Association. It’s not just about fission, either. “Beyond nuclear, 2025 saw buyers procure more geothermal and hydropower capacity than in any previous year tracked, as well as growth in fusion and the first-ever natural gas with CCS deal, reflecting growing attention to reliability and system adequacy,” the report stated.
New York culture is full of stark rivalries. Artists versus finance bros. Yankees versus Mets. Islanders versus Rangers. Puerto Rican mofongo versus Dominican mofongo. West Side versus East Side. But between the city’s two great train stations, there has long been a clear winner: Grand Central. By comparison, Penn Station, as I can tell you from countless commutes, has long been the armpit of the Metropolitan Transportation Authority, a complex maze of perpetually sticky floors, fluorescent lighting, and bathrooms so dirty that even a nauseatingly tipsy teenager thinks twice about entering. And yet the 2021 opening of the Moynihan Train Hall marked a serious upgrade. Now the Trump administration is chipping in another $8 billion to remake the rail hub.
The announcement, according to Gothamist, marked the first time the federal government has publicly disclosed how much it will spend to reconstruct the station since the White House took over control of the project from the MTA last year and turned the work over to the facility’s owner, Amtrak. “When it comes to our rail, we’re making generational improvements to the Northeast Corridor,” Secretary of Transportation Sean Duffy said under oath during his opening testimony at a Senate hearing Tuesday morning. “That means … a transformative investment in New York’s Penn Station — $8 billion, by the way.”
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Back in February, I told you the cautionary tale of Boston Metal. The Massachusetts-based green steel startup faced an unexpected equipment accident at its plant in Brazil, making it impossible to meet a key development milestone needed to unlock another tranche of funding from its financiers. As a result, the company had to lay off much of its workforce. Now it’s mounting a comeback. On Wednesday, the firm announced a new $75 million funding round to support the scaling of its operations worldwide. Combined with previous financing deals, the company has now raised a total of more than $500 million. The latest funding will allow Boston Metal to expand its business into metals such as niobium, tantalum, vanadium, and nickel — all of which the U.S. wants to secure more supplies of from domestic sources or allied countries. “This financing marks a pivotal step for Boston Metal,” Rick Cutright, a venture capitalist whose firm, Climate Investment, joined the latest round, said in a statement. “The company has built a new metallurgical platform and demonstrated its ability to produce high-quality metals from complex feedstocks; now the focus is commercial production. Critical metals are the right first market because the need is immediate.”
In South Dakota, meanwhile, the world’s largest producer of biofuels just inked a major energy storage deal. POET agreed to buy a 5-gigawatt-hour, multi-day thermal energy storage system from the startup Antora Energy. The technology will back up POET’s bioprocessing facility in Big Stone City. “Homegrown energy sources create good-paying jobs, support our agriculture producers, and provide affordable options for consumers,” Senator John Thune, the South Dakota Republican, said in a statement. “I’m grateful for this impressive addition to South Dakota’s budding biofuels industry, and I can’t wait to see the benefits for South Dakota producers and families across our state.”
Convective Capital is not your usual venture capital firm. The San Francisco-based company, which Heatmap’s Katie Brigham has written about repeatedly, formed around a parochial specialty with ubiquitous appeal to Californians: wildfire technology. The startups financed through its first fire-focused fund have so far attracted hundreds of millions of dollars in investment. Now Convective is launching a second fund. On Thursday morning, the firm announced $85 million for a fund focused on resiliency. In a blog post, Convective founder Bill Clerico said the company has already launched a media channel to tell stories about companies finding novel ways to shore up infrastructure against extreme weather disasters and assembled a network of more than 10,000 resiliency-focused professionals. “There’s $60 trillion of real estate that's at high risk from disaster,” Clerico told Katie in an interview yesterday. “While we spend as a nation a trillion dollars a year preparing to fight enemies overseas, we spend comparatively very little at home protecting our neighborhoods and cities. I think the silver lining in this is that it’s gotten so bad that I think the private markets can now take over.”
It’s been almost exactly a year since the rooftop solar giant Sunnova went bankrupt. Now its former chief executive is back with a new startup called Otovo that’s focused on servicing and fixing solar panels, batteries, and generator systems “orphaned” by their original developers’ bankruptcies. The business is panning out. This morning, I reported exclusively for Heatmap that Otovo has so far racked up 30,000 customers in less than a year and is considering listing on an American stock exchange as early as this year.
John Berger’s new company, Otovo, is eyeing a U.S. listing by the end of the year.
Here’s a little secret I learned from my father and grandfather, both of whom spent decades-long careers selling cars around New York City: Dealerships make real money not from sales and leases, but from providing the repairs, oil changes, and tune-ups on those vehicles long after they’re driven off the lot. It’s a big business. While AAA does not release its national revenue figures, the nonprofit federation of automotive clubs that provide speedy service to drivers stranded with a flat tire or overheated engine is estimated to pull in billions of dollars per year.
That’s the kind of business John Berger set out to build during his 13 years as chief executive of Sunnova. But the Houston-based rooftop solar giant racked up so much debt from the leasing business that the publicly-traded firm filed for Chapter 11 protections last June after the Trump administration canceled a $3 billion loan. His dream of deploying enough panels to sustain the company on servicing subscriptions fizzled.
Three months after Sunnova’s collapse, Berger returned to the industry with a new startup dedicated to providing round-the-clock maintenance for solar, battery, and generator systems. The new startup, Otovo, built off the existing name and business model of an eponymous Norwegian company that merged with Berger’s Texas-based American firm in December.
Now, Heatmap has learned, the company has hit a major milestone.
As of Thursday morning, Otovo has racked up 30,000 customers, two-thirds of whom are paying recurring subscription fees ranging from $9 to $49 per month for maintenance service, with the pricier memberships providing the fastest guaranteed fixes.
Otovo’s first-year growth — which exceeded the company’s own initial estimates — may say as much about the state of the solar market as it does about the startup itself.
Surging inflation, supply chain shocks from the wars in Ukraine and Iran, and seesawing policy incentives in the United States have put the squeeze on many solar installers, spurring a wave of bankruptcies on both sides of the Atlantic. Berger — no stranger to how it felt to be the insolvent counterparty on the other side of the negotiating table — seized on the opportunity. As installers such as California’s Solar Service Professionals, Germany’s Zolar, the Netherlands’ Soly, or Norway’s Solcellespesialisten went under, Otovo bought their customer books.
“All these orphaned customers? Well over 37 million exist between the European Union and the United States,” Berger told me. “That’s an enormous market, and it’s an enormous amount of pain when you have rising power bills.”
That orphaned customer figure, he said, was an estimate based on data from the trade group Solar Energy Industries Association, the consultancy Wood Mackenzie, and individual companies such as generator giant Generac, whose units run on natural gas, propane, and diesel.
For now, about two-thirds of Otovo’s customers are in Europe, where the company has traded on the Oslo stock exchange since before Berger’s involvement. But Berger said the long-term goal is to see its subscriber base split evenly between the U.S. and Europe.
That could be a challenge. While the European subsidies for solar vary by country, the continent is typically more “methodical and deliberate” about government policy, he said, meaning those nations avoid the “whipsaw” of American politics, where Democrats lavish support on solar and batteries and Republicans yank that funding away.
“It wouldn’t surprise me the least bit,” he said, if Congress brings back an enhanced 25D, the Biden-era tax credit for rooftop solar systems that President Donald Trump’s One Big Beautiful Bill Act repealed last year, sometime after the midterm elections.
“It was a really crazy political decision by the Republicans to kill 25D,” Berger said. “These are the people, the homeowners, that pay the taxes that then fund the tax credits for the utilities, the monopolies, and all the big companies in an affordability crisis.” He also called axing the credit “political suicide.”
Either way, he said, building new solar panels in the U.S. is getting more expensive, making it all the more important to maintain existing units. He’s optimistic about future growth.
“We continue to sell memberships every single day in all of our territories,” Berger said. “In fact, we’re gearing up to ramp that up with a significant sales effort across the board in both Europe and the U.S.”
Otovo is planning to go public in a dual listing on a U.S. stock exchange by December.
“We feel pretty good that, over the next several months, we’ll be able to pop out here and have a pretty good listing in the United States,” he said. “If it’s not before the end of the year, it’ll be very shortly after the new year. But as any CEO will tell you, taking a company public, which I’ve done before, involves a good bit of luck.”
Emails raise questions about who knew what and when leading up to the administration’s agreement with TotalEnergies.
The Trump administration justified its nearly $1 billion settlement agreement with TotalEnergies to effectively buy back the French company’s U.S. offshore wind leases by citing national security concerns raised by the Department of Defense. Emails obtained by House Democrats and viewed by Heatmap, however, seem to conflict with that story.
California Representative Jared Huffman introduced the documents into the congressional record on Wednesday during a hearing held by the House Natural Resources Committee’s Subcommittee on Oversight and Investigations.
“The national security justification appears to be totally fabricated, and fabricated after the fact,” Huffman said during the hearing. “DOI committed to paying Total nearly a billion dollars before it had concocted its justification of a national security issue.”
The email exchange Huffman cited took place in mid-November among officials at the Department of the Interior. On November 13, 2025, Christopher Danley, the deputy solicitor for energy and mineral resources, emailed colleagues in the Bureau of Ocean Energy Management and the secretary’s office an attachment with the name “DRAFT_Memorandum_of_Understanding.docx.”
According to Huffman’s office, the file was a document entitled “Draft Memorandum of Understanding Between the Department of the Interior and TotalEnergies Renewables USA, LLC on Offshore Wind Lease OCS-A 0545,” which refers to the company’s Carolina Long Bay lease. (The office said it could not share the document itself due to confidentiality issues.)
While the emails do not discuss the document further, the November date is notable. It suggests that the Interior Department had been negotiating a deal with Total before BOEM officials were briefed on the DOD’s classified national security concerns about offshore wind development.
Two Interior officials, Matthew Giacona, the acting director of BOEM, and Jacob Tyner, the deputy assistant secretary for land and minerals management, have testified in federal court that they reviewed a classified offshore wind assessment produced by the Department of Defense on November 26, 2025, and then were briefed on it again by department officials in early December. They submitted this testimony as part of a separate court case over a stop work order the agency issued to the Coastal Virginia Offshore wind project in December.
“After my review of DOW’s classified material with a secret designation,” Giacona wrote, “I determined that CVOW Project’s activities did not adequately provide for the protection of national security interests,” leading to his decision to suspend ongoing activities on the lease.
Giacona and Tyner are copied on the emails Huffman presented on Wednesday, indicating that the memorandum of understanding between Total and the Interior Department had been drafted and distributed prior to their reviewing the classified assessment.
The final agreement both parties signed on March 23, however, justifies the decision by citing a series of events that it portrays as taking place after officials learned of the DOD’s national security concerns.
The Interior Department paid Total out of the Judgment Fund, a permanently appropriated fund overseen by the Treasury Department with no congressional oversight that’s set aside to settle litigation or impending litigation. The final agreement describes the background for the settlement, beginning by stating that the Interior Department was going to suspend Total’s leases indefinitely based on the DOD’s classified findings, which “would have” led Total to file a legal claim for breach of contract. Rather than fight it out in court, Interior decided to settle this supposedly impending litigation, paying Total nearly $1 billion, in exchange for the company investing an equivalent amount into U.S. oil and gas projects.
But if the agency had been negotiating a deal with Total prior to being briefed on the national security assessment, it suggests that the deal was not predicated on a threat of litigation. During the hearing, Eddie Ahn, an attorney and the executive director of an environmental group called Brightline Defense, told Huffman that this opens the possibility for a legal challenge to the deal.
I should note one hiccup in this line of reasoning. Even though Interior officials testified that they were briefed on the Department of Defense’s assessment on November 26, this is not the first time the agency raised national security concerns about offshore wind. When BOEM issued a stop work order on Revolution Wind in August of last year, it said it was seeking to “address concerns related to the protection of national security interests of the United States.”
During the hearing, Huffman called out additional concerns his office had about the settlement. He said the amount the Interior Department paid Total — a full reimbursement of the company’s original lease payment — has no basis in the law. “Federal law sets a specific formula for the compensation a company can get when the government cancels an offshore lease,” he said, adding that the settlement was for “far more.” He also challenged a clause in the agreement that purports to protect both parties from legal liability.
Huffman and several of his fellow Democrats also highlighted the Trump administration’s latest use of the Judgment Fund — to create a new $1.8 billion legal fund to issue “monetary relief” to citizens who claim they were unfairly targeted by the Biden administration, such as those charged in connection with the January 6 riot.
“Now we know that that was just the beginning,” Maxine Dexter of Oregon said. “This president’s fraudulent use of the judgment fund is the most consequential and damning abuse of taxpayer funds happening right now.”