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Economy

A Quick Roundup of This Week’s DOE Funding News

On solar panel factories, heat pumps, and grid resilience

A Quick Roundup of This Week’s DOE Funding News
Heatmap Illustration/Getty Images

Current conditions: Japan has issued its first-ever “megaquake” caution after a temblor rattled its southern coast yesterday • The remnants of Tropical Storm Debby could bring tornadoes to the Mid-Atlantic and Northeast • India’s record heat has been mentioned at least 80 times in quarterly earnings calls.

THE TOP FIVE

1. Solar panel company Qcells secures $1.45 billion DOE loan

The Biden administration announced yesterday a conditional commitment for a loan guarantee of up to $1.45 billion for solar panel maker Qcells to support the construction of the company’s new manufacturing facility in Cartersville, Georgia. The plant would be Qcell’s second in Georgia, but the largest of its kind in the U.S., churning out solar panel components like silicon ingots and wafers, as well as finished solar panels. Its completion will “re-establish critical parts of the domestic solar supply chain and reinforce the United States’ status as a global clean energy leader,” the Department of Energy said in a statement. The plant will create 1,950 jobs, and is expected to make 3.3 gigawatts of panels each year, enough to power half a million homes. And it will be eligible for the IRA’s clean-energy tax credits.

In other government funding news this week, the DOE announced $10.2 million to advance the “cost effective and environmentally responsible” production of critical minerals and materials in the U.S., $85 million to boost domestic heat pump manufacturing, and $2.2 billion to shore up the grid.

2. Glacial dam outburst floods Alaska’s capital

Alaska’s capital of Juneau has been inundated by flooding from a glacial dam outburst this week. More than 100 homes have been damaged in the Mendenhall Valley after the Suicide Basin, which holds meltwater from Suicide Glacier, began to overflow on August 1 and sent water pouring into the Mendenhall River. Climate change is melting glaciers, putting nearby communities in danger. Recent research shows the number of glacial lakes has grown by more than 50% since 1990, and more than 15 million people globally are at risk.

Facebook/Alaska Division of Homeland Security and Emergency Management

3. Canadian nuclear fusion firm gets government backing

Canadian nuclear fusion company General Fusion this week raised about $14.6 million in a Series F funding round from two government agencies, the Business Development Bank of Canada and Canadian Nuclear Laboratories. The injection brings the company’s funding total to more than $320 million, with backers including Jeff Bezos. As Bloombergexplained, General Fusion “uses mechanically driven pistons to compress a cloud of plasma as a means to generate energy,” and the company said this money will help it move toward compressing plasmas at large scale, which is “a key milestone on our path to reach transformational results for commercialization.”

4. L.A. could soon get an air taxi network

California-based eVTOL developer Archer Aviation is planning an “air mobility network” that will bring flying electric taxis to Los Angeles as early as 2026. Customers would be able to skip the L.A. traffic by hopping into one of Archer’s Midnight aircraft and travelling in a matter of minutes to one of the company’s vertiports, which will be located near various popular destinations including LAX, USC, and perhaps the SoFi Stadium. Here’s what the network could look like:

Archer Aviation

The Midnight electric aircraft can carry four passengers at a time and travel at 150 mph. The company recently announced plans for a similar network in the San Francisco Bay Area. Stellantis is planning to help Archer ramp up production of the Midnight aircraft by covering some $370 million in labor-related costs.

5. Study reveals how past volcanic eruptions affected climate, plants

A new study published in the journal Science examines how the Earth’s plants and carbon cycle have responded in the past to climate change caused by huge releases in carbon dioxide from volcanic activity. They find that the severity of the fallout depended on how quickly the Earth could sequester the carbon and remove it from the atmosphere, but also how well plants could adapt to the resulting temperature changes. After past volcanic eruptions, some plant species evolved to survive, some migrated to cooler climates, but others were wiped out entirely. The authors found that damages to vegetation made global warming worse in the past. “This study, in my perspective, serves as a ‘wake-up call’ for the global community,” said co-author Loïc Pellissier, a professor of ecosystems and landscape evolution at ETH Zurich and the Swiss Federal Institute for Forest Snow and Landscape Research. “We are currently releasing greenhouse gases at a faster rate than any previous volcanic event. We are also the primary cause of global deforestation, which strongly reduces the ability of natural ecosystems to regulate the climate.”

THE KICKER

Satellite data suggests deforestation in Brazil’s Amazon rainforest is now at its lowest levels since 2016.

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Energy

AM Briefing: Power Hungry

On the IEAs latest report, flooding in LA, and Bill Gates’ bad news

Global Electricity Use Is Expected to Soar
Heatmap Illustration/Getty Images

Current conditions: Severe thunderstorms tomorrow could spawn tornadoes in Mississippi, Louisiana, Arkansas, and Alabama • A massive wildfire on a biodiverse island in the Indian Ocean has been burning for nearly a month, threatening wildlife • Tropical Cyclone Zelia has made landfall in Western Australia with winds up to 180mph.

THE TOP FIVE

1. Breakthrough Energy to slash climate grantmaking budget

Bill Gates’ climate tech advocacy organization has told its partners that it will slash its grantmaking budget this year, dealing a blow to climate-focused policy and advocacy groups that relied on the Microsoft founder, Heatmap’s Katie Brigham has learned. Breakthrough Energy, the umbrella organization for Gates’ various climate-focused programs, alerted many nonprofit grantees earlier this month that it would not be renewing its support for them. This pullback will not affect Breakthrough’s $3.5 billion climate-focused venture capital arm, Breakthrough Energy Ventures, which funds an extensive portfolio of climate tech companies. Breakthrough’s fellowship program, which provides early-stage climate tech leaders with funding and assistance, will also remain intact, a spokesperson confirmed. They would not comment on whether this change will lead to layoffs at Breakthrough Energy.

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Climate Tech

Breakthrough Energy Is Slashing Its Climate Grantmaking Budget

Grantees told Heatmap they were informed that Bill Gates’ climate funding organization would not renew its support.

Bill Gates.
Heatmap Illustration/Getty Images

Bill Gates’ climate tech advocacy organization has told its partners that it will slash its grantmaking budget this year, dealing a blow to climate-focused policy and advocacy groups that relied on the Microsoft founder, Heatmap has learned.

Breakthrough Energy, the umbrella organization for Gates’ various climate-focused programs, alerted many nonprofit grantees earlier this month that it would not be renewing its support for them. This pullback will not affect Breakthrough’s $3.5 billion climate-focused venture capital arm, Breakthrough Energy Ventures, which funds an extensive portfolio of climate tech companies. Breakthrough’s fellowship program, which provides early-stage climate tech leaders with funding and assistance, will also remain intact, a spokesperson confirmed. They would not comment on whether this change will lead to layoffs at Breakthrough Energy.

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Spotlight

Anti-Wind Activists Have a Big Ask for the Big Man

The Trump administration is now being lobbied to nix offshore wind projects already under construction.

Trump and offshore wind.
Getty Images / Heatmap Illustration

Anti-wind activists have joined with well-connected figures in conservative legal and energy circles to privately lobby the Trump administration to undo permitting decisions by the National Oceanic and Atmospheric Administration, according to documents obtained by Heatmap.

Representatives of conservative think tanks and legal nonprofits — including the Caesar Rodney Institute, the Heartland Institute and Committee for a Constructive Tomorrow, or CFACT — sent a letter to Interior Secretary Doug Burgum dated February 11 requesting that the Trump administration “immediately revoke” letters from NOAA to 11 offshore wind projects authorizing “incidental takes,” a term of regulatory art referencing accidental and permissible harassment, injury, or potential deaths under federal endangered species and mammal protection laws. The letter lays out a number of perceived issues with how those approvals have historically been issued for offshore wind companies and claims the government has improperly analyzed the cumulative effects of adding offshore wind to the ocean’s existing industrialization. NOAA oversees marine species protection.

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