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They’ve become a stump speech punchline.

Donald Trump claims to be a “big fan” of electric vehicles despite making them a frequent target of derision on the campaign trail. He might be a bigger fan, though, if he got his facts straight. Here’s what Trump has gotten right and wrong about EVs since 2021.
“To China, if you’re listening — President Xi, you and I are friends, but he understands the way I deal. Those big monster car manufacturing plants that you are building in Mexico right now, and you think you are going to get that, not hire Americans, and you’re going to sell the car to us — no. We are going to put a 100% tariff on every single car that comes across the lot.” [March 16, 2024]
Fact check: “There actually are no operating Chinese-owned EV factories in Mexico,” Ilaria Mazzocco, a senior fellow at the Center for Strategic and International Studies and an expert on Chinese climate policy, told me. “So this is very preemptive at this point.”
But it is also, probably, only a matter of time: BYD, which last year passed Tesla as the world’s No. 1 EV maker, is reportedly scouting plant locations in Mexico, and could confirm plans as soon as the second half of 2024. That has made U.S. automakers justifiably nervous. As Robinson Meyer previously wrote for Heatmap, “BYD recently advertised an $11,000 plug-in hybrid targeted at the Chinese market … Even doubling its price with tariffs would keep it firmly among [the United States’] most affordable new vehicles.”
In Mazzocco’s opinion, this isn’t wholly a bad thing — “there’s a point of value to competition that we shouldn’t forget” — and the threat of cheap Chinese EVs has already driven American automakers like Ford to pivot their electric lineups.
But “EVs have encapsulated everybody’s fears of competition with China,” Mazzocco said. The rude awakening has been that they are “actually better at something than the Americans are.” As a result, Biden and Trump are jostling to look tougher on Beijing ahead of the election, especially since big auto manufacturing states like Michigan and Ohio could potentially decide control of the White House. Biden has already ordered the Commerce Department to investigate the potential national security threat of Chinese-made EVs, which currently make up only about 2% of EV imports; Polestar became the first Chinese-owned EV company to make moves in the U.S. last year, but it’s hardly thriving. Meanwhile, Trump has warned that “it’s gonna be a bloodbath for the country” if he isn’t elected.
“If we build all the charging booths that are necessary, our country would go bankrupt. It would cost like $3 trillion. It’s the craziest thing I’ve ever heard.” [Feb. 17, 2024]
Fact check: $3 trillion is a huge number, and it is also very inaccurate in this case. While there are valid concerns about the Biden administration’s high-speed electric vehicle push, Trump almost certainly got his “$3 trillion” price tag from the total cost of the Bipartisan Infrastructure Law, which aims to address significantly more than just the country’s EV-charging infrastructure.
In fact, the BIL earmarks a comparatively small $7.5 billion for the development of 500,000 public charging stations, although even this is a “generational-level investment,” Noah Barnes, the communications director of the Electrification Coalition, told me. With just a fraction of $3 trillion, the U.S. will be able to jumpstart the “national network of EV chargers that will be necessary to power the next generation of vehicles and end our dependence on oil from countries that don’t share our values.”
But what would it cost to build and operate all the charging booths necessary to meet the current federal target of zero-emission cars making up half of new vehicle sales by 2030? A 2022 report from McKinsey & Company estimated that the U.S. will need “1.2 million public EV chargers and 28 million private EV chargers” by 2030 to meet Biden’s zero-emission sales goals. Those public chargers would cost about $38 billion, including the hardware, planning, and installation. Wrap in the cost to residences, workplaces, and depots, and the total cost of public and private charging installation approaches $97 billion. In a separate analysis, AlixPartners, a consulting firm, found that it would take $50 billion to build the charging infrastructure to meet the 2030 zero-emission vehicle goal in the U.S., and $300 billion worldwide.
Needless to say, though, there are a thousand billions in a trillion, so whatever way you cut it, it certainly would not cost the U.S. $3 trillion to build enough charging stations to accommodate zero-emission vehicles.
“I will also rescue the ethanol industry by canceling crooked Joe Biden’s insane ethanol-killing electric vehicle mandate on day one.” [Dec. 20, 2023]
Fact check: It’s not wrong to say that Biden has tried to reduce the role of liquid fuel in vehicles. Trump has gunned for Iowa voters by claiming Biden’s goal (albeit not a binding mandate) of ramping up EV sales will kill the local ethanol industry. But Agriculture Secretary Tom Vilsack — Iowa’s former governor — has stressed that just because the administration is pushing for more EVs, “Does that mean we won’t have a need for E15 or E85” — gasoline blends that contain up to 15% and 85% ethanol content, respectively — “in the future? No.”
For example, new rules defining what qualifies as a “sustainable aviation fuel” — and thus for generous tax credits under the IRA — include ethanol and other plant-based fuels, despite opposition from environmental groups. “The Biden administration plans to invest $4.3 billion to support production of 35 billion gallons of sustainable aviation fuel annually by 2050,” presenting a significant opportunity for Iowa’s farmers, The Des Moines Register writes. As Vilsack added, “You have to think beyond cars and trucks.”
“They want to have electric trucks, so a truck — a big, beautiful truck like Peterbilt or one of them, with the big ones, 18 wheelers, they can go about 2,000 miles, they say, 2,000 on a big tank of diesel. An electric truck, comparable — which it can’t be comparable because you need so much room for the battery. Most of the area that you’re going to carry your goods, going to be battery. But assuming we take away that problem, which is not easy to take away, you’d have to stop approximately seven times to go 2,000 miles, right? You go about 300 miles, and they don’t want to change that.” [Dec. 20, 2023]
Fact check: There’s a lot to unpack here, but the gist is that most of these are the kind of early-stage problems you would find with any emerging technology. While the technology powering heavy-duty electric trucks is promising, there is still a long way to go when it comes to range and capacity.
Still, even a semi that goes only around 375 miles — longer than Trump’s estimate — on a single charge would ultimately be cheaper than a diesel truck, one 2021 study found. Because of the lower cost of ownership, electric semis have a net savings of $200,000 over a 15-year lifespan.
Battery size, and in particular battery weight, will be a major hurdle for long haul electric semis; shipping rates are often determined based on weight, among other factors, and since freight companies already operate on narrow margins, carrying less freight weight is a problem. But the technology is constantly improving. Plus, it’s pretty silly to claim electric truck developers “don’t want to change” their range per charge; electric truck manufacturers are constantly boasting about their new mileage numbers.
“This electric car thing is just crazy. If you want to drive, maybe, let’s say you are here. If you say, ‘Let’s take a drive to beautiful, safe Chicago. It’s so safe. Let’s drive there.’ How many times would you have to stop, about nine? It’s just crazy. They know it. They know it’s crazy.” [Dec. 20, 2023]
Fact check: The distance from Waterloo, Iowa — where Trump made these comments — to “beautiful, safe Chicago” is 269 miles. While the EVs with the worst range would have to charge one single time on a trip of that distance, in 2022, the average EV range was nearly 300 miles. Most cars would make it on a single charge.
“And now we are a nation that wants to make our revered and very powerful army tanks, the best in the world, all-electric, so that despite the fact they are also not able to go far, fewer pollutants will be released into the air as we blast our way through enemy territory, at least in an environmentally friendly way. And they also want to make our jet fighters with a green stamp of energy savings through losing 15% efficiency.” [Dec. 17, 2023]
Fact check: Trump has repeatedly slammed the Biden administration for supposedly wanting to switch to “all-electric” tanks. This is mostly false, though it has its roots in the Army’s first-ever climate strategy, released early last year. In it, the Army stated that it aims to electrify all noncombat vehicles by 2035 and some tactical vehicles by 2050.
The reason the Army wants to go electric isn’t because of some woke environmentalist agenda, though. “The primary reason the Army wants to electrify its fighting vehicles is to reduce wartime casualties,” Bloomberg writes. “An all-electric fleet would mean personnel wouldn’t have to go on dangerous refueling missions that draw combat forces away from fighting the enemy … [and] electric vehicles are also much quieter and harder to spot on enemy surveillance systems because they generate so little heat.”
Trump has also slammed the Air Force for its climate action plan, although the roots of his claim that Biden wants to make jet fighters green by “losing 15% efficiency” are much less clear. He may be referring to the Air Force’s exploration of alternative fuels — which again, it is doing primarily for strategic reasons, since the Air Force reports 30% of the casualties in Afghanistan came from attacks on fuel and water convoys. “We’re not doing the climate plan for climate’s sake … Everything is about increasing our combat capability,” Edwin Oshiba, assistant secretary of the Air Force for energy, installations, and the environment, told the Armed Forces Communications and Electronics Association.
“The problem is you won’t find a charger. And if you do, it’s got lines.” [Dec. 16, 2023]
Fact check: Many EV drivers are dissatisfied with the state of charging infrastructure in the U.S., and lines are an issue. While more charging stations will continue to open up as EVs become more popular — the IRA allotted $7.5 billion to build out 500,000 public chargers by 2030, with another $623 million in EV charging grants awarded last week — this seems, at the moment, to be a fair criticism.
“We are a nation whose leaders are demanding all-electric cars despite the fact that they can’t go far, cost too much, and whose batteries are produced in China with materials only available in China when an unlimited amount of gasoline is available inexpensively in the United States but is not available in China.” [Dec. 17, 2023]
Fact check: China indeed dominates the EV battery market. The Inflation Reduction Act — which Trump has promised to gut — has tried to change this by restricting EV tax credits only to models with batteries and components sourced from the U.S. or its trading partners. The law also includes funding to help seed a domestic EV battery and mineral supply chain.
And it’s working. As my colleague Neel Dhanesha wrote last year, “Battery manufacturers around the country — many of them automakers themselves — have announced over 1,000 gigawatt hours of U.S. battery production that’s slated to come online by 2028, far outpacing projected demand,” according to estimates from the Environmental Defense Fund. All told, domestic battery production has been the greatest beneficiary of the IRA, reports RMI, a clean energy research group.
“Let’s say your [electric] boat goes down and I’m sitting on top of this big powerful battery and the boat’s going down. Do I get electrocuted?” [Oct. 1, 2023]
Fact check: Battery packs on electric boats are designed to be watertight because, believe it or not, it’s crossed the mind of electric boat manufacturers that their products could potentially end up underwater. All the electric boat makers I spoke to in my lengthy investigation into this question told me the battery packs they use have a waterproofing standard that is either at, or just below, what is required for a submarine. The high-voltage batteries are also kept in “puncture-resistant shells” so they won't be exposed to the water even if the boat somehow got mangled in an accident.
All this is a very long way of saying: No, you very likely won’t be electrocuted if your electric boat sinks. But you may get eaten by a shark!
“Hundreds of thousands of American jobs, your jobs, will be gone forever. By most estimates, under Biden’s electric vehicle mandate, 40% of all U.S. auto jobs will disappear.” [Sept. 27, 2023]
Fact check: As Heatmap has reported, there is little evidence to suggest that making electric vehicles will result in fewer jobs. “A number of analyses showed that electric vehicles could actually require more labor to build than gas-powered cars in the U.S., at least for the foreseeable future,” Emily Pontecorvo writes.
“The happiest moment for somebody in an electric car is the first 10 minutes. In other words, you get it charged, and now for 10 minutes. The unhappiest part is the next hour because you’re petrified that you’re not going to be finding another charger.” [August 24, 2023]
Fact check: We don’t know what every single EV driver thinks, but EV drivers as a group tend to be pretty satisfied; plug-in hybrids were level with internal combustion vehicles in J.D. Power’s annual survey of performance, execution, and layout-based consumer satisfaction, with fully battery-powered EVs just a few points behind on a 1,000-point scale. Some 90% of EV drivers say they hope to buy another EV as their next car, a 2022 Plug-In America survey found.
And while range anxiety is real, studies show that it declines the longer someone owns an EV and gets comfortable with charging. Only 8% of EV drivers told Escalent they’ve ever run out of juice while driving.
It’ll take more than an hour for you to start getting anxious, too. The average EV sold in the U.S. last year had a range of 291 miles, or a little over four hours of driving at 70mph.
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CleanCounts is announcing new hourly matching credits, among other “enhancements.”
Renewable energy certificates, or RECS — the credits that companies buy in order to make claims that their operations “run on renewable energy” — are getting more sophisticated.
CleanCounts, a nonprofit that runs one of the biggest registries for RECs in North America, announced on Wednesday that it now has the capability to issue certificates tied to the exact hour the renewable energy was produced, opening the door to more reality-based clean energy claims. For companies that want to match their renewable energy purchases to the hours when their factories and stores are actually consuming power, “that was a critical piece of infrastructure that was missing,” Benjamin Gerber, the CEO of CleanCounts, told me.
The company also announced “additional enhancements” to its registry that will enable a wider range of new REC products, from certificates tied to “pollinator-friendly solar,” to projects owned by indigenous Tribes, to “low-impact hydropower” projects that mitigate harm to fish. Gerber said he thinks having a system to track and verify these benefits will help companies tell a different story about the infrastructure they are building, and in so doing help turn the tide of public support.
Traditionally, a REC represents a megawatt-hour of electricity that has been generated by a renewable energy source such as wind, solar, geothermal, or moving water. The generator records every megawatt-hour it produces with a registry like CleanCounts, which issues certificates; companies then buy these certificates, either in advance under power purchase agreements or after the fact in the spot market. The registry then “retires” the certificates once the REC buyer chooses to “use” it to make a clean energy claim. Registries ensure that nobody is counting the same megawatt-hour more than once.
Today, a lot of corporations simply match their annual energy consumption with certificates. If they anticipate consuming 100 megawatts, they might buy 100 megawatts of solar RECs — even if their factories operate at night — and then claim they “run on 100% renewable energy.” Critics argue these types of claims mislead the public and tip the scales toward the cheapest renewable sources — i.e. solar and wind — rather than those that can generate energy in the off-hours, such as batteries, geothermal, and nuclear. Many clean energy advocates want to see companies move toward making more specific claims about the number of hours they run on renewable energy.
Google got behind this idea several years ago, pledging to match its consumption with clean energy on a 24/7 basis. CleanCounts piloted a method with Google to issue the company hourly RECs, but to do so it had to basically reverse engineer the certificates, embedding data regarding the time the energy was produced after the fact. That made it complicated to true up a company’s energy consumption data with its REC purchases and say, “we covered X number of hours with clean energy.”
Now, CleanCounts will be able to specifically issue a credit for “1 megawatt-hour produced Wednesday, September 16, at 9:00 a.m.,” for example, making it far easier for companies to adopt an hourly matching strategy.
“Instead of breaking it apart, they're basically issuing it as an already granularized tradable certificate,” Alex Piper, the head of policy at EnergyTag, a nonprofit that advocates for hourly matching, told me. “Which is what is new and exciting, and opens the door for more liquid transactions and a broader and more impactful marketplace.”
Hourly matching is not exactly popular in the corporate sustainability world. A lot of companies and sustainability consultants argue that accounting for their energy on an hourly basis will be too complicated, too expensive, and ultimately crater the corporate clean energy market. Corporations are in a showdown with EnergyTag and other proponents of hourly matching to convince the Greenhouse Gas Protocol, a nonprofit that sets standards for corporate carbon accounting, of their case.
The new CleanCounts product solves at least one of those challenges, making hourly clean energy procurement much simpler.
That might also reap benefits in the form of consumer trust. New polling from EnergyTag and YouGov found that Americans tend to agree that companies shouldn’t claim to use solar at night. When asked, “When should a company count as a clean energy user?” 45% of respondents selected “only when their clean energy supply matches the hours they actually use electricity,” while 22% chose “when their clean energy averages out over the year (i.e. daytime solar covering nighttime usage.)” Just under a third of the 1,292 respondents selected “don’t know.”
Even if companies start buying hourly RECs, however, another challenge will be figuring out how to tell their customers, most of whom have no idea what a REC is. For years, companies have simply advertised that they are 100% renewable. What will it take to convince customers that actually, “We use clean energy about half the time we operate” is a more laudable claim?
Current conditions: Severe storms are drenching a broad swath of the Midwest with heavy rain from Des Moines to Fort Wayne • Intense downpours put all 76 of Thailand’s provinces, or changwat, on a five-day flooding alert, ending on Sunday • Tropical Storm Dujuan has strengthened in the Pacific en route to Japan.

The Trump administration has narrowed the federal government’s interpretation of the Endangered Species Act to only consider intentional targeting of protected animals illegal. The move, part of what The New York Times called “a seismic shift” in the application of one of the nation’s bedrock conservation laws, would essentially free energy companies from the need to, for example, invest in infrastructure to keep migratory birds from making deadly landings in ponds of oil and gas slurry. Killing endangered animals “almost always happens incidentally, in the course of economic activity,” the newspaper noted. It’s unclear whether the legal change would also apply to one of the industries President Donald Trump most frequently antagonizes for its accidental killing of birds: the wind industry.
When President Donald Trump announced an energy truce between Ukraine and Russia, he promised that a halt to attacks on pipelines and refineries would lower prices on diesel worldwide, insisting the Iran War wasn’t to blame. But half of Russia’s six top diesel-producing refineries were forced to significantly cut back or completely stop production this month due to damage from Ukrainian drone attacks, according to a Reuters analysis published Wednesday. Russian President Vladimir Putin, meanwhile, is making a $135 billion bet on Arctic oil that OilPrice.com suggested “could save his Ukraine war.”
U.S. energy companies, meanwhile, are storming into a country in America’s backyard that — unlike the Kremlin’s attempt at a blitzkrieg capture of Kyiv’s leaders in 2022 — successfully decapitated a rebellious regime and reasserted Washington’s regional dominance. I’m talking, of course, about Venezuela. Harold Hamm, the oil tycoon behind the U.S. shale boom, told the Heartlander News yesterday that his company had signed a tentative agreement to explore one of the South American nation’s oil fields. New York-based Heeney Capital is eyeing a gold mine in Venezuela, per Reuters. Bloomberg reported that the company is also looking to ship aluminum from Venezuela to the U.S. Exxon Mobil, meanwhile, is “nearing a preliminary deal” to invest in Venezuela oil, according to The Wall Street Journal.
The Federal Reserve raised the benchmark federal interest rate by a quarter point Wednesday. The U.S. central bank’s first rate change since Chairman Kevin Warsh took over in May, and its first rate hike since 2023, will bring the federal funds rate to between 3.75% and 4%. The increase could make raising capital “more difficult” for “capital-intensive renewable and clean energy industries,” my colleague Matthew Zeitlin wrote yesterday.
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Lawmakers in the House of Representatives overwhelmingly passed the first major bill to curb the costs of the AI boom with legislation Politico described as “intended to shield Americans from potential energy costs associated with data centers.” The Ratepayer Protection Act passed in a 417 to 3 vote. The bipartisan win hands the GOP a victory ahead of the November election on one of the issues firing up voters the most. The bill would require states to consider a federal standard guaranteeing that large power consumers pay for 100% of the costs of new generation and transmission upgrades, but falls short of a direct mandate.
Meanwhile, the House split along partisan lines for another bill on California’s right to regulate pollution more strictly than the federal government. The chamber voted 216 to 211 to bar California from setting strict new limits on air pollution from ships docked at the state’s ports, marking what The New York Times called “the latest salvo by Republicans against the state’s pioneering environmental policies.” The move comes after Congress last year banned Sacramento from imposing a ban on gasoline-powered vehicles by 2035.
One of the most significant nuclear stock market debuts of the past few years has hit a major hiccup. On Wednesday night, Holtec Nuclear Corporation suspended plans for an initial public offering, citing “market conditions.” Bloomberg and Reuters first reported the postponement, which I confirmed with Holtec last night. “Holtec will continue to evaluate the timing of the offering in the future,” the company told me. With plans to restart a nuclear reactor for the first time in U.S. history in the coming months, Holtec is the only company likely to bring (somewhat) new atomic electricity onto the grid before 2030. The company owns several other decommissioning nuclear plants, where it plans to build its own in-house small modular reactors.
Another major player in the burgeoning nuclear market, meanwhile, hit a major regulatory milestone. Blue Energy, a developer that bills itself as “agnostic” to reactor technologies, is instead focused on building facilities that will initially run on gas and eventually transition to reactors, with GE Vernova Hitachi Nuclear Energy’s BWRX-300 — the closest rival to Holtec’s SMR-300 — centering in those plans at the moment. On Wednesday, Blue Energy submitted its application for a construction permit to the Nuclear Regulatory Commission for its inaugural gas-to-nuclear project in Port of Victoria, Texas. The submission makes Blue Energy one of just five companies so far to ask the NRC for permission to begin building. “This is serious work done by serious people for a serious project,” Blue Energy CEO Jake Jurewicz said in a statement. “This is another huge step towards building the world’s first gas-to-nuclear power plant and proving the Blue Energy approach to build nuclear in the safest, quickest, and most scalable way possible.”
The wine-dark sea is getting more briny. As its temperatures rise faster than the global ocean surface average, the Mediterranean Sea is growing saltier. The upper 100 meters of the sea between Europe and Africa have been about 2 degrees Celsius warmer than their 1950 to 1999 average, according to a study published in Geophysical Research Letters. “For us, what was alarming was the rate at which this is changing and the depths that such significant changes reach,” Elena Terzić, a physical oceanographer at the Ruđer Bošković Institute and lead author of the study, told Bloomberg. “The warming and salinification are statistically significant down to three or four thousand meters, and the speed-up itself reaches down to about 2,500 meters.”
The company plans to invest in domestic manufacturing for its high-heat magnets.
Our electricity system runs on magnets. Every transformer stepping voltage up or down, every inductor smoothing out electrical current, and every motor turning electricity into motion relies on the same basic physics: magnetic fields that control the flow of electrons, converting, filtering, and transporting power at every stage. But as AI and electrification push the grid to its limits, better magnetic materials can help power electronics — and our grid itself — keep up.
That’s the bet behind CorePower Magnetics, a Pittsburgh-based startup which raised a $10.5 million funding round co-led by Engine Ventures and Material Impact, announced on Thursday. The startup is developing more efficient, power-dense components such as inductors and transformers using proprietary nanocrystalline magnetic materials, whose ultra-fine grains reduce energy loss. While these materials have historically been brittle and limited to operating at temperatures below 150 degrees Celsius, CorePower says it engineered alloys that can perform above 200 degrees while maintaining durability.
That higher temperature ceiling is critical. As surging electricity demand meets our increasingly complex grid, power electronics like inductors and transformers are being pushed to handle more power, greater voltages, and higher frequencies than ever before. Magnetic material that can run hotter allows engineers to push more power through smaller components. In the context of a data center, for example, that could equate to about a 10% overall reduction in power demand, CorePower’s CEO Sam Kernion told me
“Data centers are the tip of the spear for this really big push into power electronics,” Kernion explained. “If you look more broadly, electricity demand is growing, but the grid itself is becoming a lot more complex, and data centers are just a great example of that.”
Traditionally, electricity flowed unidirectionally from large, centralized power plants to homes, businesses, and other end users. But now the system must support a wider array of both generation and demand sources. Distributed energy resources like rooftop solar panels can generate power directly where it’s consumed, while batteries (and soon electric vehicles) can both draw power and send it back to the grid. Today’s standard electrical equipment isn’t built to handle the bidirectional power flow and real-time current and voltage conversions that this new ecosystem demands.
Solid-state transformer startups such as Heron Power and DG Matrix are tackling this same challenge, using advanced semiconductor technology to convert voltage electronically while also handling functions like bidirectional power flow and alternating-to-direct current conversion. But even these newer systems still generally rely on conventional magnetic materials, which CorePower says have become a key bottleneck.
“We’re taking a car engine, and now we’re going to a jet engine in terms of how different this is,” Kernion told me regarding the demands of this new, higher performance operating environment.
CorePower is designing its advanced, medium-frequency transformers to operate across a broad range of frequencies, from 10 kilohertz to 100 kilohertz. Eventually it plans to sell these transformers to power electronics manufacturers, which will build complete, solid-state systems around the startup’s magnetic core, adding components such as semiconductors and capacitors along with their own software and control systems.
While CorePower hasn’t disclosed any customers to date, it did launch its first product last year, a standardized, low-voltage inductor that’s smaller, lighter, and more efficient than the industry standard. The device smooths out current in power conversion systems, including data center distribution equipment, EV chargers, and inverters that convert DC electricity to AC. Next, CorePower is preparing to launch its standardized transformer product.
The company’s magnet tech could ultimately find numerous applications beyond inductors and transformers. “We’re also able to supply onboard magnetic components for EVs, or uninterruptible power supplies at data centers, or inverters for renewables,” Kernion explained. “Every electron everywhere passes through a magnetic component at some point, so there’s a whole bunch of opportunity out there.”
It’s certainly a fortuitous time to be a domestic power electronics manufacturer. Last month, President Trump signed an executive order banning the import of certain foreign-made bulk power equipment, including substation transformers and grid-connected inverters. While CorePower is mainly focused on producing high-performance equipment that Kernion says can’t currently be sourced domestically or abroad, the push to shore up domestic manufacturing is providing a tailwind for another of its new business lines: amorphous ribbon, a traditional alternative to the electric steel used in conventional distribution transformers on the grid.
With this latest funding, CorePower plans to expand its team and increase manufacturing capacity at its 10,000 square foot pilot manufacturing facility in Pittsburgh, which it was able to complete thanks to a $5 million ARPA-E grant. The company is eventually looking to move into a larger, 100,000 square foot facility in the region to scale its material and component manufacturing further, though there’s no confirmed timeline for this yet.