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More than two years later, only four states — Ohio, New York, Pennsylvania and Hawaii — have opened stations funded by the program. The Biden administration says the federal charging program is on track. The grants will fund 47 EV charging stations and related projects in 22 states and Puerto Rico, including 7,500 charging ports. But even some of the government’s own experts say 500,000 public chargers won’t be enough to meet Biden’s ambitious climate goals. The availability of charging stations is key to persuading Americans to buy EVs.

Persons: Liam Sawyer, Sawyer, ”, Joe Biden, Biden, Shailen Bhatt, “, ” Bhatt, “ We’re, ″, Gabe Klein, Bhatt, Tesla, Mike DeWine, DeWine, Preeti Choudhary, Loren McDonald, you’re, ” ___ Daly, John Organizations: —, Ford, Allegheny National Forest, Pilot Travel, Electric Vehicle Infrastructure, Democrat, Transportation, Walmart, Joint Office of Energy, National Renewable Energy Laboratory, Alternative Fuels Data, Energy Department, Associated Press, NORC, for Public Affairs Research, Energy, Institute, University of Chicago ., Republican Gov, Ohio, Department of Transportation, Public Utilities Commission, “ Locations: Ohio, Indianapolis, Pennsylvania, Columbus , Ohio, London , Ohio, — Ohio, New York , Pennsylvania, Hawaii, U.S, Maine , Vermont, Colorado, Puerto Rico, America, California, Washington, St, Detroit, AP.org

☆ Stocks making the biggest moves midday: Gap, Ross Stores, Tenet Healthcare and more
▼ + stars: | 2023-11-17 | by ( Sarah Min | ) www.cnbc.com time to read: +3 min

Adjusted earnings of 59 cents per share smashed analysts' expectations of 19 cents per share, per LSEG. Revenue also beat estimates, coming in at $3.77 billion compared with the $3.6 billion forecast. Otherwise, the company topped fiscal fourth-quarter earnings and revenue estimates. It now forecasts third-quarter revenue of $108 million to $113 million, lower than prior guidance of $150 million to $165 million. Tenet Healthcare — Shares jumped more than 11% after Tenet Healthcare said it would sell three of its South Carolina hospitals to Novant Health.

Persons: Ross, Dillard's, GitLab, — CNBC's Brian Evans, Alex Harring, Hakyung Kim, Tanaya Macheel, Pia Singh Organizations: Old Navy, Revenue, Brands Holdings, Spectrum Brands, ChargePoint Holdings, Tenet, Tenet Healthcare, Novant Health, Ross Stores, Reuters, Justice Department, Pacific Biosciences, UBS, biosciences, —, ISI, Barclays Locations: South Carolina, California

☆ Nations That Vowed to Halt Warming Are Expanding Fossil Fuels, Report Finds
▼ + stars: | 2023-11-08 | by ( Hiroko Tabuchi | More About Hiroko Tabuchi | ) www.nytimes.com time to read: +1 min

And over the past decade, governments and businesses have made progress in weaning themselves from fossil fuels by ramping up wind and solar power, for example, and investing in electric vehicle infrastructure. Yet the report issued on Wednesday, led by researchers at the Stockholm Environment Institute, found that nations of the world plan to keep increasing coal production until 2030, and oil and gas production decades beyond that. The world was also set to overshoot, by 69 percent, the amount of fossil fuels consistent with limiting warming to 2 degrees Celsius. Beyond those thresholds, the world faces the danger of irreversible and catastrophic damage from climate change, scientists say. The authors partly credited nations’ nascent efforts to rein in their emissions under the 2015 Paris Agreement, and the rapid growth in clean energy.

Organizations: Stockholm Environment Institute Locations: Stockholm, Paris

☆ Siemens to invest $30 million to train U.S. EV charger technicians
▼ + stars: | 2023-09-06 | by ( Paul Lienert | ) www.reuters.com time to read: +2 min

A Siemens electric vehicle charging station is displayed during an event a day ahead of the official opening of the 2023 Munich Auto Show IAA Mobility, in Munich, Germany, September 4, 2023. The Siemens Foundation is partnering with the North Carolina Business Committee for Education and the Michigan-based Electric Vehicle Infrastructure Training Program (EVITP). Siemens Foundation partners also include the National League of Cities and the National Governors Association. Etzwiler said the initiative will emphasize training for individuals in underserved and underrepresented communities, providing a path to well-paying, long-lasting jobs in the EV charging sector. Automakers support the foundation's efforts to "ensure that we've got a network of chargers across the country" to support accelerating EV production, Etzwiler said.

Persons: Leonhard Simon, David Etzwiler, EVITP, Etzwiler, we've, Paul Lienert, Aurora Ellis Organizations: Siemens, REUTERS, Companies Siemens Foundation, Siemens Foundation, North Carolina Business, Education, Infrastructure Training, EV, Motors, BMW, National League of Cities, National Governors Association, Thomson Locations: Munich, Germany, United States, Michigan, North Carolina, Canada, Detroit

☆ Africa Climate Summit: Electric motorcycle startup Spiro expands into Kenya
▼ + stars: | 2023-09-04 | by ( Nell Lewis | ) edition.cnn.com time to read: +6 min

CNN —Spiro, a startup looking to eliminate fuel-guzzling motorbikes and scooters from the roads by trading them in for electric two-wheelers, is expanding to Kenya. Ahead of the first Africa Climate Summit, which kicked off in Kenya’s capital Nairobi today, the host government announced on Friday that the e-bike and battery-swapping startup would be entering the East African country with its biggest deployment yet: 1.2 million electric vehicles. In Kenya, they will be offered 50,000 Kenyan shillings (about $344) – around a third of the price of a new electric bike – to swap their existing bike for an electric one. Last week, US company Uber also launched an electric motorbike service in Kenya, promising to roll out 3,000 bikes within six months. “We’re surpassing the symbolic but significant milestone of one million electric bikes signed with a government,” says Samain.

Persons: CNN — Spiro, Jules Samain –, polluters, Samain, Spiro, CLEMENT, CLEMENT DI ROMA, ”, ” Spiro, William Ruto, Ampersand, Uber Organizations: CNN, Africa Climate, CLEMENT DI, AFP, Getty, FIA Foundation, Spiro, McKinsey Locations: Kenya, Africa, Kenya’s, Nairobi, West, Benin, Togo, Rwanda, Uganda, China, Mombasa, Saharan Africa, Swedish, Kenyan, East

☆ China just unleashed broad stimulus measures to fire up the economy — but analysts think these have failed to live up to expectations
▼ + stars: | 2023-07-31 | by ( Huileng Tan | ) www.businessinsider.com time to read: +4 min

On Monday, China released a series of plans to boost household consumption. However, the stimulus measures have failed to live up to expectations, said Citi analyst Wenyu Yao, Australian Financial Review reported Monday. The state planner's strategy followed a meeting of the country's top leaders last week during which they pledged to boost stimulus measures as the economy faces a "tortuous" recovery, according to Insider's translation of the official readout. The Shanghai Composite closed 0.5% higher at 3,291.04 while Hong Kong's Hang Seng Index closed 0.7% higher at 20,045.15. The Hang Seng China Enterprises Index, which tracks tech stocks listed in Hong Kong, closed 1.1% higher at 6,886.09.

Persons: Wenyu Yao, Bruce Pang, Jones Lang LaSalle, Xi Jinping, Shenzhen —, Nomura, hasn't, Hong Organizations: Service, Citi, Australian Financial, Jones, Bloomberg, Analysts, Shanghai, PMI, Seng China Enterprises Index Locations: China, Wall, Silicon, Greater China, Beijing, Shenzhen, Shanghai, Hong Kong

☆ UK minister: petrol car ban immovable but some green policies to be relaxed
▼ + stars: | 2023-07-25 | by ( ) www.reuters.com time to read: +2 min

[1/2] View of the exhaust of a queuing car on the North Circular Road in London, Britain, June 26, 2023. Britain's green agenda has been thrown into question after the governing Conservatives won a vote for a parliamentary seat last week by attacking London's flagship anti-pollution policy. Asked on Times Radio if banning the sale of new petrol and diesel cars was an immovable target in Britain, Gove said: "Yes." Gove later told LBC radio that the government would make changes to planned timetables to make them more achievable. "When it comes to landlords in the private rented sector, the timetable that we have for meeting particular energy efficiency standards will be relaxed," he said.

Persons: Toby Melville LONDON, Michael Gove, Gove, Rishi Sunak, Kylie MacLellan, Kate Holton Organizations: REUTERS, Conservatives, London's, European Union, Times, LBC, Times Radio, Thomson Locations: London, Britain, United States

☆ EV charger maker Tritium wins order from Hawaii under federal funding program
▼ + stars: | 2023-07-11 | by ( Abhirup Roy | ) www.reuters.com time to read: +2 min

SAN FRANCISCO, July 11 (Reuters) - Tritium DCFC (DCFC.O) said on Tuesday it had won an order from Hawaii to make high-speed electric vehicle chargers - the first funds to roll out in a federal program meant to blanket the country with charging infrastructure and boost EV adoption. Hawaii, which was granted access to $2.6 million in September as part of the first round of funding, is buying 32 150-kilowatt Tritium chargers and 16 power units, the company said. "These fast chargers are expected to be among the first funded and installed under the NEVI program," Brisbane, Australia-based Tritium said in a statement. While several states, including Ohio and Texas, are in various stages of seeking proposals from companies, Tritium said Hawaii was using an existing contract with Sustainability Partners, an infrastructure-focused public benefit company to place the order. The federal funding - seen critical to President Joe Biden's plans to tackle climate change and create local jobs - requires companies to offer the U.S. standard Combined Charging System (CCS) in the chargers.

Persons: Joe Biden's, Abhirup Roy, Nivedita Organizations: FRANCISCO, National Electric Vehicle Infrastructure, Sustainability Partners, U.S, CCS, American, Reuters, Thomson Locations: Hawaii, U.S, Brisbane, Australia, Ohio, Texas, Washington, San Francisco

☆ Kentucky mandates Tesla's charging plug for state-backed charging stations
▼ + stars: | 2023-07-03 | by ( Hyunjoo Jin | ) www.reuters.com time to read: +2 min

San Francisco, July 3 (Reuters) - Kentucky is requiring that electric vehicle charging companies include Tesla's plug if they want to be part of a state program to electrify highways using federal dollars, according to documents reviewed by Reuters. Kentucky's plan went into effect on Friday, making it the first state to mandate Tesla's charging technology, although Texas and Washington states previously shared such plans with Reuters. In addition to federal requirements for the rival Combined Charging System (CCS), Kentucky mandates Tesla's plug, called the North American Charging Standard (NACS), at charging stations, according to Kentucky's request for proposal (RFP) for the state's EV charging program on Friday. Each port shall also be capable of connecting to and charging vehicles equipped with charging ports compliant with the North American Charging Standard (NACS)," the documents say. It added that the rule allows charging stations to have other connectors, as long as they support CCS, a national standard.

Persons: Kentucky's, Tesla, Hyunjoo Jin, Mark Porter, Leslie Adler, Conor Humphries Organizations: Reuters, American, EV, SAE CCS, Ford, Texas Transportation Commission, U.S . Department of Transportation, CCS, Electric Vehicle Infrastructure, Thomson Locations: San Francisco, Kentucky, Texas, Washington, United States

☆ This company could take lab-grown meat mainstream thanks to a green light from the FDA
▼ + stars: | 2023-05-19 | by ( Natasha Piñon | ) www.cnbc.com time to read: +14 min

Upside Foods' pivotal moment also comes at a key moment in the alternative meat industry. The cultivated-meat industry could have a wider consumer base than previously introduced alternative meat products, because unlike plant-based meats, it's "real" meat — minus the slaughtered animals. And, accordingly, some traditional meat companies have expressed interest in the burgeoning cultivated-meat industry, which one day could become a competitor. The cultivated-meat industry will need a similar boost if it's ever going to become a grocery store staple, Swartz said. The FDA's clearance was a voluntary premarket consultation, which means the agency has no further questions about the safety of Upside's products.

☆ Google zeroed in on these 3 categories of climate companies to boost
▼ + stars: | 2023-05-16 | by ( Catherine Clifford | In Catclifford | ) www.cnbc.com time to read: +12 min

This year, the 12 companies mostly fell into three broad categories: Artificial intelligence, electric vehicle infrastructure, and providing companies with better data to decarbonize their operations. When I read the headlines about the dangers of the climate crisis, I feel a personal obligation to be a part of supporting innovative climate solutions to scale," Ridenour told CNBC. Google has hosted three climate change startup accelerators for North American companies in the last three years, and all 33 of the participants are all still operating, a spokesperson for Google told CNBC. "Teams are leaning deeper into developing AI and ML models to address climate change," Ridenour told CNBC. Cleartrace is particularly focused on measurement techniques for Scope 3 emissions -- emissions associated with a company's entire supply chain or value chain, which can be fiendishly difficult to track.

☆ Do You Even Decarbonize, Bro?
▼ + stars: | 2023-04-22 | by ( Nell Gallogly | ) www.nytimes.com time to read: +1 min

Decarb bros believe it’s all going to be OK. And the bros, a loose affiliation of mostly young researchers, climate tech workers, policymakers and people following along online, believe in making fun of themselves, at least a little. See: “Decarb bros,” a term they have embraced regardless of gender identity or weight-lifting ability. “We are against doomerism,” said Billy Casagrande, who works at Scale Microgrids, a climate tech start-up. The consensus among young people seems to be “that we are screwed as it relates to climate,” the self-described decarb bro, who is 25, continued.

☆ Startup aims to help climate companies unlock billions in Inflation Reduction Act tax credits
▼ + stars: | 2023-04-13 | by ( Catherine Clifford | In Catclifford | ) www.cnbc.com time to read: +9 min

There's a problem with tax credits, though. A September report from Credit Suisse estimates approximately $500 billion of tax credits will be monetized over the next decade. "There are a few institutional players in the market that purchase tax credits at discount to market value in exchange for buying at volume. Sellers can list their tax credits on option, get bids on those credits, and compare offers. Tax credits have a wide base of support politically because a lot of very diverse stakeholders benefit from them.

☆ Stocks making the biggest moves premarket: C3.ai, Zscaler, ChargePoint and more
▼ + stars: | 2023-03-03 | by ( Sarah Min | ) www.cnbc.com time to read: +4 min

Check out the companies making headlines before the bell:C3.ai — Shares surged 17% after C3.ai reported third-quarter results that topped expectations. It also reported revenue of $66.7 million, surpassing expectations of $64.2 million. The company reported adjusted earnings of 63 cents per share on revenue of $7.81 billion. Zscaler — Shares of the cybersecurity company slid 11% in premarket trading despite Zscaler beating estimates on the top and bottom lines for the fourth quarter. The wholesale retailer reported revenue of $55.27 billion, less than the consensus estimate of $55.54 billion, according to Refinitiv.

SAN FRANCISCO, Feb 15 (Reuters) - Tesla (TSLA.O) will open part of its U.S. charging network to electric vehicles (EVs) made by rivals as part of a $7.5 billion federal program to electrify the nation's highways to cut carbon emissions, the Biden administration said on Wednesday. There are also nearly 10,000 "destination" chargers with Tesla plugs that can recharge a vehicle overnight. Opening up access to Tesla's network would be a quick win for an ambitious federal program to build 500,000 EV chargers by 2030, up from 130,000 currently. Administration officials did not say whether a contract has been signed, but federal officials will control disbursement of about a third of the $7.5 billion federal program. Chris Harto, a senior policy analyst at Consumer Reports, said, "There is no doubt the $7.5 billion in federal charging investment threatens Tesla's competitive advantage.

[1/3] A Tesla is charged at an electric car supercharger station in Los Angeles, California, U.S. August 2, 2018. A dearth of chargers on U.S. roads has slowed the growth of EV sales and the positive environmental impact, advocates say. In January of last year, Tesla wrote the Federal Highway Administration, offering the Biden administration suggestions on how to shape the charging program. In Ohio, the company responded to a recent request that companies submit charging proposals, state officials told Reuters. The Department of Transportation next week will detail final requirements that all electric vehicle chargers must meet to be eligible for funding under the $7.5 billion effort to electrify highways and interstates across the nation.

WASHINGTON, Jan 4 (Reuters) - Albert Gore III, a former Tesla public policy employee, has been named executive director of the Zero Emission Transportation Association (ZETA), the Washington-based group said on Wednesday. Congress in 2021 approved $5 billion for EV charging stations and in August passed new electric vehicle tax credits. "Lots of work ahead, starting with implementation of the National Electric Vehicle Infrastructure Program and new industrial policies in the Inflation Reduction Act," said Gore in a LinkedIn post. Gore worked for Tesla for nearly seven years in public policy and business development. The IRA lifts the 200,000-vehicle per manufacturer cap that had made Tesla and General Motors (GM.N) ineligible for EV tax credits.

☆ Biden says 'everyone has to act' to help the world deal with the climate crisis. But the US isn't meeting its own promises.
▼ + stars: | 2022-11-11 | by ( Catherine Boudreau | ) www.businessinsider.com time to read: +6 min

President Joe Biden touted the new US climate law and methane restrictions at a UN climate summit. Biden urged rich countries pay up on climate, but the US hasn't been meeting its own promises. Developing nations share comparatively little responsibility for the buildup of heat-trapping gasses in the atmosphere. "If countries can finance coal in developing countries, there is no reason we can't finance clean energy in developing countries," Biden said to loud applause from the audience. Looming over COP27 is the global energy crisis sparked by Russia's war in Ukraine.

☆ All 50 states get green light to build EV charging stations covering 75,000 miles of highways
▼ + stars: | 2022-09-27 | by ( Emma Newburger | ) www.cnbc.com time to read: +1 min

The U.S. Transportation Department on Tuesday said it approved electric vehicle charging station plans for all 50 states, Washington D.C. and Puerto Rico covering roughly 75,000 miles of highways. Under the plan, entitled the National Electric Vehicle Infrastructure Formula Program, states provided their EV infrastructure deployment plans to the Joint Office of Energy and Transportation. States are now approved to build a network of EV charging stations along designated alternative fuel corridors on the national highway system and have access to more than $1.5 billion to help build the chargers. It's unclear how many charging stations the funds will support, and states have not yet shared specific charger locations. Transportation Department officials have said that states should install stations every 50 miles and ensure each station is located within one mile of an interstate highway.

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