#21. 🪴 How plants adapt to climate change | 🔋 Quino Energy's grid-scale battery | 🚖 Lyft & Motional launch driverless rides in LA
🌡 CLIMATE CHANGE
With COP27 coming to an end, a stalemate looms over an inability to find common ground between rich and poor countries on how best to tackle change, and crucially, whether to provide a fund to help the latter pay for climate change-induced damages caused primarily by the richer countries.
This is a summary of an academic journal summarizing a new paper on plants’ ability to adapt to rapidly changing climate conditions just as animals have been known to do.
A majority of respondents — some 60% — from France, Italy, and Spain have said that climate change mitigation must take priority regardless the economic costs involved.
🔋 CLEAN ENERGY
Harvard researchers have developed a redox-flow battery that uses an aqueous, organic electrolyte to provide an economically viable solution for providing long-term storage of wind and solar power. This new technology has been licensed exclusively to startup Quino Energy.
Only four solar manufacturing facilities in the US can output over 1 GW of solar components per year. Enel North America, in collaboration with 3Sun USA, will soon produce up to 3 GW of high-performance bifacial photovoltaic modules and cells annually, and eventually ramp up to 6 GW.
The International Energy Agency (IEA) has released its annual World Energy Outlook report highlighting three key takeaways about clean energy technology generally: there must be a diversification of supply chains; contrary to popular critique, net-zero goals don’t necessarily drive up prices; and — obviously — the world needs a lot more clean energy, not least of which, since 214 million new EVs are expected within just seven years.
👇 CONTINUES BELOW, BUT FIRST, I NEED YOUR HELP PLEASE:
🚗 AUTONOMOUS & ELECTRIC VEHICLES
Motional, an AV company founded between Hyundai and Aptiv, in partnership with Lyft, will launch a fully driverless taxi service in LA using Hyundai IONIQ 5 EVs, following their previous deployment in Las Vegas.
Largely due to a decrease in GM’s costs to produce its new Ultium batteries which will dip to $87/kWh in 2025 and $70/kWh later in the decade, profit parity of EVs and ICE vehicles is finally within grasp.
Zeekr, a premium electric brand of Chinese carmaker Geely, has partnered with Waymo to produce its next generation driverless minivans entirely devoid of human driving controls. Previously, Waymo was using the Chrysler Pacifica minivan and Jaguar I-PACE crossover SUV.
🎉 THAT’S ALL FOR TODAY!
Thank you so much for reading, have a great weekend, see you next week!-Marc