This Week in Climate & Clean Energy Wins: Week of 7/14/23


$1 Billion296$67 million
The deal Volkswagen and Stellantis are set to close on in order in order to bolster supply chains for metals to power EVs. The number of projects across the country receiving federal funding to expand small business clean energy capabilities.The amount of federal funding California is investing in clean energy projects for the state’s grid. 

This week, motor vehicle companies hit massive breakthroughs. Volkswagen and Stellantis are set to close on a $1 billion deal to move deeper into the supply chain for metals to power EVs, and Toyota could upend the EV industry entirely with their latest breakthrough on solid-state lithium ion batteries – which have longer range and better safety standards standards than current batteries. Mercedes-Benz announced they will adopt Tesla’s EV charging standard across the continent for EVs, making the superchargers universal by 2025. Kia is investing $200 million in a new Georgia plant to begin production on a first electric-powered SUV, and Fisker Inc. is rolling out its first EV model to consumers amidst fierce startup competition. In other news, electric grid operator PJM began a new interconnection process that will address a massive backlog of renewable energy projects – setting up over 260,000 MW of renewable projects over the next three years, and Duke Energy unveiled Kentucky’s largest ever utility-scale rooftop solar site at the Amazon Air Hub. 

New analysis from the Rhodium Group found that the climate incentives in the Inflation Reduction Act could reduce carbon emissions by 99 million – 193 million metric tons per year between 2030 and 2050. According to the Energy Information Administration, solar generated 7% of US electricity in April – a 16.66.6% increase from last year. Studies in California and New Jersey found that replacing central AC systems with heat pumps is essential to meeting home heating electrification targets – prompting federal and state regulators to promote such policies. According to the 2023 U.S. Energy and Employment (USEER) Report, there were 114,000 new jobs created in the clean energy industry in 2022. A new report from IEA found that solar, EVs, and energy efficient lighting are all on track to achieve net zero by 2050.

The Department of Energy (DOE) announced $23.4 million in funding for 16 carbon management technology projects across 14 states. The DOE also announced a $72 million investment to support 296 projects across 44 states that aim to help small businesses expand clean energy capabilities. In partnership with the National Renewable Energy Laboratory, the Bureau of Land Management (BLM) announced $3.5 million to advance renewable energy research and technologies on public lands. The Biden Administration announced a $60 million investment in accelerator programs that aim to understand how ocean observation technologies can support climate resiliency efforts.

Finally, California this week secured $67 million from the federal government to bolster clean energy projects for the state’s grid. In Minnesota, the state is investing $3 million from the Inflation Reduction Act to ensure the state’s climate strategies benefit low-income communities. And in Michigan, Rep. Haley Stevens (D-MI-11) joined local elected officials and community leaders to discuss how the Bipartisan Infrastructure Law and Inflation Reduction Act benefit Michiganders and help tackle climate change. 

Private Sector

New Reports 

Biden Administration