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On the fall of a storied automative event.

I had high hopes for this year’s Detroit Auto Show. Open to the media last week and running through Sunday, the Big Three automakers’ premier event came hot on the heels of big announcements from GM, Ford, and Stellantis on their plans for bringing electric car chargers to the masses. With a new late summer slot in a renewed downtown Detroit, what better time could there be to showcase the exciting new models that could usher in our electric future?
But I was wrong. This year’s Detroit Auto Show was concerningly underwhelming. The Big Three only revealed four new models, down from the six it had said it planned to show off and about half of what it debuted last year. Three of the four models weren’t even really new. They were just revised versions of existing gas-powered models on sale: the Jeep Gladiator, Cadillac CT5, and the Ford F-150. The only all new model was the GMC Acadia, a gas powered mid-sized crossover.
It was a missed opportunity. Auto shows are important not because they serve journalists but because they serve the public. They’re one-stop shops where ordinary people, no matter how car-inclined, can get information on the entire automotive industry and interact with direct representatives of the automaker, not dealers. Regular citizens can ask questions and try vehicles without pretense.
Yet the Detroit Auto Show was desolate. An industry colleague described its central Huntington Place as an “empty bingo hall.” It was a far cry from, say, 2007 when the hall had nearly 50 new model debuts and concepts.
This isn’t (just) sour grapes. Examine this year’s auto show with a wide-angle lens and it becomes clear the Big Three are stunningly half-hearted about electrification.
Now, to be clear, there was some EV presence at the show — it was just minor. Attendees perusing the Detroit AutoMobili-D area of small vendors and startups could encounter plenty of noble ideas about batteries, charging, and automotive technology. They could also ride in aspirational cars like the Tesla Model S Plaid or GMC Hummer EV. But riding shotgun in a $100,000 EV rocketing to 60 MPH in less than three seconds is like being driven to school in a Ferrari. Cool experience, but how relevant is it to your life? In an ideal world, the Big Three would show off a fleet of reasonably priced EVs — or at least new concepts that suggest the electric future is just around the corner for everyone.
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But, they didn’t. Stellantis had the RAM 1500 REV EV pickup tucked away in a corner of its display. It showed off the Chrysler Airflow EV concept, but that model was canceled a few months ago. Ford had examples of the Mach-E and F-150 Lightning, but aside from a couple of special editions, there were no substantial changes to either model. The Chevrolet Equinox and Blazer EV were there, but they were unveiled a year ago and there was no news about either model. Instead, the two examples on the showroom floor were non-working preproduction models quarantined on top of plexiglass turntables not meant to be looked at too closely by the general public. If you were a consumer in search of a reasonably priced, compelling EV model, it’s clear that Detroit didn’t have much to offer.
That’s a striking contrast to what’s happening overseas. This month, both China’s Chengdu Motor Show and Germany’s IAA in Munich featured model debuts and concepts that previewed a more egalitarian EV future. Both shows had EVs across many price points, not just super expensive luxury cars and big trucks that cost well into the six-figure range. IAA had keynote speakers from big companies like Continental and LG that outlined their roles and promised innovation in the EV future.
Detroit had none of that.
This might be partly explained by auto shows’ increasing irrelevance. Even before the COVID pandemic, auto show attendance had been in decline as individual automakers preferred to atomize, opting for their own big, highly curated press events full of hand-picked journalists and influencers. For example, last year’s Paris Auto Show only had a handful of similarly irrelevant debuts. One of the biggest unveilings — that of Mercedes-Benz’s fully electric EQE SUV — wasn’t even affiliated with the show; it happened at the prestigious Musée Rodin, the night before the event’s official press days.
But here’s the thing: When the traditional automakers skipped Paris, someone else jumped in: Chinese automakers like BYD, Great Wall Motors, Leapmotor, and more. They stunned the Parisians, much to the chagrin of the Western automakers. These automakers came with fully realized EV model lines that felt impressive and undercut their European competitors.
The Detroit Big Three should count their stars that tariffs and an increasingly precarious geopolitical situation make Chinese vehicles unpalatable in the United States. Ordinary people are increasingly becoming EV curious, and they’re hungry for models beyond an oversized pickup truck or a hyper-expensive luxury sedan. The lack of new EV model debuts or even concepts tells the public that Detroit’s Big Three don’t have much to say about electrification for anyone that isn’t wealthy.
The Detroit Auto Show should be the crown jewel of the American auto industry. It should be a place where the Detroit area automotive giants can show off their latest tech, flashiest concepts, and newest models amid an ever-competitive automotive market. It should be where automakers vie for the public’s attention via innovation and technology. Instead, it was a boring show where executives tried to shake the impending threat of a labor strike. Where were our reasonably priced electric cars?
GM, Ford, and Stellantis claim that managing labor costs is imperative to investing in EVs. But given the lack of progress at the Detroit Auto Show, it seems like something else is going on.
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Representatives Jake Auchincloss and Mark Amodei want to boost “superhot” exploration.
Geothermal is about the only energy topic that Republicans and Democrats can agree on.
“Democrats like clean energy. Republicans like drilling. And everyone likes baseload power that is generated with less than 1% of the land and materials of other renewables,” Massachusetts Representative Jake Auchincloss, a Democrat, told me.
Along with Republican Representative Mark Amodei of Nevada, Auchincloss is introducing the Hot Rock Act on Friday, focusing specifically on “superhot” or “supercritical” geothermal resources, i.e. heat deposits 300 degrees Celsius or above. (Temperatures in large traditional geothermal resources are closer to 240 degrees.)
The bill — of which Heatmap got an exclusive early peek — takes a broad approach to supporting research in the sector, which is currently being explored by startups such as Quaise Energy and Mazama Energy, which in October announced a well at 331 degrees.
There’s superhot rock energy potential in around 13% of North America, modeling by the Clean Air Task Force has found — though that’s mostly around 8 miles below ground. The largest traditional geothermal facility in the U.S. is only about 2.5 miles at its deepest.
But the potential is enormous. “Just 1% of North America’s superhot rock resource has the potential to provide 7.5 terawatts of energy capacity,” CATF said. That’s compared to a little over a terawatt of current capacity.
Auchincloss and Amodei’s bill would direct the Department of Energy to establish “milestone-based research grant programs,” under which organizations that hit goals such as drilling to a specific depth, pressure, or temperature would then earn rewards. It would also instruct the DOE to create a facility “to test, experiment with, and demonstrate hot dry rock geothermal projects,” plus start a workforce training program for the geothermal industry.
Finally, it would grant a categorical exclusion from the National Environmental Policy Act for drilling to explore or confirm geothermal resources, which could turn a process that takes over a year into one that takes just a couple of months.
Geothermal policy is typically a bipartisan activity pursued by senators and House members from the Intermountain West. Auchincloss, however, is a New Englander. He told me that he was introduced to geothermal when he hosted an event in 2022 attended by executives from Quaise, which was born out of the Massachusetts Institute of Technology.
It turned out the company’s pilot project was in Nevada, and “I saw it was in Mark Amodei’s district. And I saw that Mark is on Natural Resources, which is the other committee of jurisdiction. And so I went up to him on the floor, and I was like, Hey there, you know, there's this company announcing this pilot,” Auchincloss told me.
In a statement, Amodei said that “Nevada has the potential to unlock this resource and lead the nation in reliable, clean energy. From powering rural communities and strengthening critical mineral production to meeting the growing demands of data centers, geothermal energy delivers dependable 24/7 power.”
Auchincloss told me that the bill “started from the simple premise of, How do we promote this technology?” They consulted climate and technology experts before reaching consensus on the milestone-based payments, workforce development, and regulatory relief components.
“I didn't have an ideological bent about the right way to do it,” Auchincloss said.
The bill has won plaudits from a range of industry groups, including the Clean Energy Buyers Association and Quaise itself, as well as environmental and policy organizations focused on technological development, like the Institute for Progress, Third Way, and the Breakthrough Institute.
“Our grassroots volunteers nationwide are eager to see more clean energy options in the United States, and many of them are excited by the promise of reliable, around-the-clock clean power from next-generation geothermal energy,” Jennifer Tyler, VP government affairs at the Citizens' Climate Lobby, said in a statement the lawmakers provided to Heatmap. “The Hot Rock Act takes a positive step toward realizing that promise by making critical investments in research, demonstration, and workforce development that can unlock superhot geothermal resources safely and responsibly.”
With even the Trump administration generally pro-geothermal, Auchincloss told me he’s optimistic about the bill’s prospects. “I expect this could command broad bipartisan support,” he said.
Plus a pre-seed round for a moon tech company from Latvia.
The nuclear headlines just keep stacking up. This week, Inertial Enterprises landed one of the largest Series A rounds I’ve ever seen, making it an instant contender in the race to commercialize fusion energy. Meanwhile, there was a smaller raise for a company aiming to squeeze more juice out of the reactors we already have.
Elsewhere over in Latvia, investors are backing an early stage bid to bring power infrastructure to the moon, while in France, yet another ultra-long-duration battery energy storage company has successfully piloted their tech.
Inertia Enterprises, yet another fusion energy startup, raised an eye-popping $450 million Series A round this week, led by Bessemer Venture Partners with participation from Alphabet’s venture arm GV, among others. Founded in 2024 and officially launched last summer, the company aims to develop a commercial fusion reactor based on the only experiment yet to achieve scientific breakeven, the point at which a fusion reaction generates more energy than it took to initiate it.
This milestone was first reached in 2022 at Lawrence Livermore National Laboratory’s National Ignition Facility, using an approach known as inertial confinement fusion. In this method, powerful lasers fire at a small pellet of fusion fuel, compressing it until the extremely high temperature and pressure cause the atoms inside to fuse and release energy. Annie Kritcher, who leads LLNL’s inertial confinement fusion program, is one of the cofounders of Inertia, alongside Twilio co-founder Jeff Lawson and Stanford professor Mike Dunne, who formerly led a program at the lab to design a power plant based on its approach to fusion.
The Inertia team plans to commercialize LLNL’s breakthrough by developing a new fusion laser system it’s calling Thunderwall, which it says will be 50 times more powerful than any laser of its type to date. Inertia isn’t the only player trying to commercialize laser-driven fusion energy — Xcimer Energy, for example, raised a $100 million Series A in 2024 — but with its recent financing, it’s now by far the best capitalized of the bunch.
As Lawson, the CEO of the new endeavor said in the company’s press release, “Our plan is clear: build on proven science to develop the technology and supply chain required to deliver the world’s highest average power laser, the first fusion target assembly plant, and the first gigawatt, utility-scale fusion power plant to the grid.” Great, but how soon can they do it? The goal, he says, is to “make this real within the next decade.”
In more nuclear news, the startup Alva Energy launched from stealth on Thursday with $33 million in funding and a proposal to squeeze more capacity out of the existing nuclear fleet by retrofitting pressurized-water reactors. The round was led by the venture firm Playground Global.
The startup plans to boost capacity by building new steam turbines and electricity generators adjacent to existing facilities, such that plants can stay online during the upgrade. Then when a plant shuts down for scheduled maintenance, Alva will upgrade its steam generator within the nuclear containment dome. That will allow the system to make 20% to 30% more steam, to be handled by the newly built turbine-generator system.
The company estimates that these retrofits will boost each reactor’s output by 200 megawatts to 300 megawatts. Applied across the dozens of existing facilities that could be similarly upgraded, Alva says this strategy could yield roughly 10 new gigawatts of additional nuclear capacity through the 2030s — the equivalent of building about 10 new large reactors.
Biden’s Department of Energy identified this strategy, known as “uprating”, as capable of adding 2 gigawatts to 8 gigawatts of new capacity to the grid. Alva thinks it can go further. The company promises to manage the entire uprate process from ensuring regulatory compliance to the procurement and installation of new reactor components. The company says its upgrades could be deployed as quickly as gas turbines are today — a five- to six-year timeline — at a comparable cost of around $1 billion per gigawatt.
Deep Space Energy, a Latvian space tech startup, has closed a pre-seed funding round to advance its goal of becoming a commercial supplier of electricity for space missions on the moon, Mars, or even deeper into space where sunlight is scarce. The company is developing power systems that convert heat from the natural decay of radioisotopes — unstable atoms that emit radiation as they decay — into electricity.
While it’s still very early-stage, this tech’s first application will likely be backup power for defense satellites. Long term, Deep Space Energy says it “aims to focus on the moon economy” by powering rovers and other lunar installations, supporting Europe’s goal of increasing its space sovereignty by reducing its reliance on U.S. defense assets such as satellites. While radioisotope generators are already used in some space missions, the company says its system requires five times less fuel than existing designs.
Roughly $400,000 of the funding came from equity investments from the Baltic-focused VC Outlast Fund and a Lithuanian angel investor. The company also secured nearly $700,000 from public contracts and grants from the European Space Agency, the Latvian Government, and a NATO program to accelerate innovation with dual-use potential for both defense and commercial applications.
As I wrote a few weeks ago, Form Energy’s iron-air battery isn’t the only player targeting 100-plus hours of low-cost energy storage. In that piece, I highlighted Noon Energy, a startup that recently demoed its solid-oxide fuel cell system. But there’s another company aiming to compete even more directly with Form by bringing its own iron-air battery to the European market: Ore Energy. And it just completed a grid-connected pilot, something Form has yet to do.
Ore piloted its 100-hour battery at an R&D center in France run by EDF, the state-owned electric utility company. While the company didn’t disclose the battery’s size, it said the pilot demonstrated its ability to discharge energy continuously for about four days while integrating with real-world grid operations. The test was supported by the European Union’s Storage Research Infrastructure Eco-System, which aims to accelerate the development of innovative storage solutions, and builds on the startup’s earlier grid-connected installation at a climate tech testbed in the Netherlands last summer.
Founded in 2023, Ore plans to scale quickly. As Bas Kil, the company’s business development lead, told Latitude Media after its first pilot went live, “We’re not planning to do years and years of pilot-scale [projects]; we believe that our system is now ready for commercial deployment.” According to Latitude, Ore aims to reach 50 gigawatt-hours of storage per year by 2030, an ambitious goal considering its initial grid-connected battery had less than one megawatt-hour of capacity. So far, the company has raised just shy of $30 million to date, compared to Form’s $1.2 billion.
Battery storage manufacturer and virtual power plant operator Sonnen, together with the clean energy financing company Solrite, have launched a Texas-based VPP composed exclusively of home batteries. They’re offering customers a Solrite-owned 60-kilowatt-hour battery for a $20 monthly fee, in exchange for a fixed retail electricity rate of 12 cents per kilowatt-hour — a few cents lower than the market’s average — and the backup power capability inherent to the system. Over 3,000 customers have already enrolled, and the companies are expecting up to 10,000 customers to join by year’s end.
The program is targeting Texans with residential solar who previously sold their excess electricity back to the grid. But now that there’s so much cheap, utility-scale solar available in Texas, electricity retailers simply aren’t as incentivized to offer homeowners favorable rates. This has left many residents with “stranded” solar assets, turning them into what the companies call “solar orphans” in need of a new way to make money on their solar investment. Customers without rooftop solar can participate in the program as well, though they don’t get a catchy moniker.
Current conditions: New Orleans is expecting light rain with temperatures climbing near 90 degrees Fahrenheit as the city marks the 20th anniversary of Hurricane Katrina • Torrential rains could dump anywhere from 8 to 12 inches on the Mississippi Valley and the Ozarks • Japan is sweltering in temperatures as high as 104 degrees.
President Donald Trump has done what he didn’t dare attempt during his first term, repealing the finding that provided the legal basis for virtually all federal regulations to curb greenhouse gas emissions. By rescinding the 2009 “endangerment finding,” which established that planet-heating emissions harm human health and therefore qualify for restrictions under the Clean Air Act, the Trump administration hopes to unwind all rules on pollution from tailpipes, trucks, power plants, pipelines, and drilling sites all in one fell swoop. “This is about as big as it gets,” Trump said alongside Environmental Protection Agency Administrator Lee Zeldin at a White House event Thursday.
The repeal, which is sure to face legal challenges, opens up what Reuters called a new front in the legal wars over climate change. Until now, the Supreme Court had declined to hear so-called public nuisance cases brought by activists against fossil fuel companies on the grounds that the legal question of emissions was being sorted out through federal regulations. By eliminating those rules outright, litigants could once again have new standing to sue over greenhouse gas emissions. To catch up on the endangerment finding in general, Heatmap’s Robinson Meyer and Emily Pontecorvo put together a handy explainer here.
A bill winding its way through Ohio’s Republican-controlled state legislature would put new restrictions on development of wind and solar projects. The state already makes solar and wind developers jump over what Canary Media called extra hurdles that “don’t apply to fossil-fueled or nuclear power plants, including counties’ ability to ban projects.” For example, siting authorities defer to local opposition on renewable energy but “grant opponents little say over where drilling rigs and fracking waste can go.”
The new legislation would make it state policy “in all cases” for new power plants to “employ affordable, reliable, and clean energy sources.” What qualifies as “affordable, reliable, and clean”? Pretty much everything except wind and solar, potentially creating a total embargo on the energy sources at any utility scale. The legislation mirrors a generic bill promoted to states by the American Legislative Exchange Council, a right-wing policy shop.
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China’s carbon dioxide emissions fell by 1% in the last three months of 2025, amounting to a 0.3% drop for the full year. That’s according to a new analysis by Carbon Brief. The decline extends the “flat or falling” trend in China’s emissions that started in March 2024 and has now lasted nearly two years. Emissions from fossil fuels actually increased by 0.1%, but pollution from cement plunged 7%. While the grid remains heavily reliant on coal, solar output soared by 43% last year compared to 2024. Wind grew by 14% and nuclear by 8%. All of that allowed coal generation to fall by 1.9%.
At least one sector saw a spike in emissions: Chemicals, which saw emissions grow 12%. Most experts interviewed in Heatmap’s Insiders Survey said they viewed China has a climate “hero” for its emissions cuts. But an overhaul to the country’s electricity markets yielded a decline in solar growth last year that’s expected to stretch into this year.
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Rivian Automotive’s shares surged nearly 15% in after-hours trading Thursday when the electric automaker announced earnings that beat Wall Street’s expectations. While it cautioned that it would continue losing money ahead of the launch of its next-generation R2 mid-size SUV, the company said it would deliver 62,000 to 67,000 vehicles in 2026, up 47% to 59% compared with 2025. Rivian CEO RJ Scaringe told CNBC that the R2 would make up the “majority of the volume” of the business by the end of next year. He told investors 2025 was a “foundational year” for the company, but that 2026 would be “an inflection point.”
Another clean energy company is now hot on the stock market. SOLV Energy, a solar and battery storage construction contractor, secured market capitalization eclipsing $6 billion in the two days since it started trading on the Nasdaq. The company, according to Latitude Media, is “the first pure-play solar and storage” company in the engineering, procurement, and construction sector of the industry to go public since 2008.

Israel has never confirmed that it has nuclear weapons, but it’s widely believed to have completed its first operating warhead in the 1960s. Rather than give up its strategic ambiguity over its arsenal, Israel instead forfeited the development of civilian nuclear energy, which would have required opening up its weapons program to the scrutiny of regulators at the United Nations’ International Atomic Energy Agency. That apparently won’t stop the U.S. from building a reactor in Israel to power a joint industrial complex. Washington plans to develop a campus with an advanced microchip factory and data centers that would be powered by a small modular reactor, NucNet reported. So-called SMRs have yet to be built at a commercial scale anywhere in the world. But the U.S. government is betting that smaller, less powerful reactors purchased in packs can bring down the cost of building nuclear plants and appeal to fearful skeptics as a novel spin on the older technology.
In reality, SMRs are based on a range of designs, some of which closely mirror traditional, large-scale reactors but for the power output, and a growing chorus of critics say the economies of scale are needed to make nuclear projects pencil out. But the true value of SMRs is for off-grid power. As I wrote last week for Heatmap, if the U.S. government wants it for some national security concern, the price doesn’t matter as much.
Of all the fusion companies racing to build the first power plant, Helion’s promise of commercial electricity before the end of the decade has raised eyebrows for its ambition. But the company has hit a milestone. On Friday morning, Helion’s Polaris prototype became the first privately developed fusion reactor to use a deuterium-tritium fuel source. The machine also set a record with plasma temperatures 150 million degrees Celsius, smashing its own previous record of 100 million degrees with an earlier iteration of Helion’s reactor.