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Tag: EC Food Climate and Sustainability

  • Lamborghini licenses MIT’s new high-capacity, fast-charging organic battery tech | TechCrunch

    Lamborghini licenses MIT’s new high-capacity, fast-charging organic battery tech | TechCrunch

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    Lithium-ion batteries have come a long way, but in many ways they haven’t come far enough.

    They charge faster than ever before, but there’s still room for improvement. The materials they’re made of, particularly cobalt and nickel, are pricey and problematic. Researchers have been scrambling to find alternative materials, from manganese to sodium. Now they might have another: TAQ.

    Unlike nearly every other lithium-ion battery chemistry, TAQ is an organic compound — not the free-range hippie type, but the kind made primarily of carbon. Researchers have been investigating organic materials as cathodes, the negatively charged part of the cell, because they could store more energy at lower cost. But so far, candidate materials haven’t been very durable because they tend to dissolve in the liquid electrolytes commonly used in the industry today.

    The new material doesn’t dissolve in two widely used electrolytes, and it sports an energy density that’s 50% better than one of the most common lithium-ion battery chemistries in use today, nickel-manganese-cobalt (NMC).

    TAQ, short for bis-tetraaminobenzoquinone, is composed of carbon, nitrogen, oxygen and hydrogen arranged in a row of three neighboring hexagons. The structure is similar to that of graphite, which is almost universally used today as an anode material (the positive terminal). Each TAQ molecule is attracted to up to six others through hydrogen bonds, which aren’t as strong as other bonds but are sufficient to create a nearly flat sheet of the stuff that can be layered atop each other with the holes storing lithium ions.

    The material was discovered by Tianyang Chen and Harish Banda while they were working in the lab of Mircea Dincă, a professor at MIT who has a partnership with Lamborghini to help the hypercar manufacturer electrify its lineup. Lamborghini, which previously used a supercapacitor developed in Dincă’s lab in its Sian model, has licensed the patent on the material.

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    Tim De Chant

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  • Climate tech might be the hot job market in 2024 | TechCrunch

    Climate tech might be the hot job market in 2024 | TechCrunch

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    One of the major stories that defined the tech sector in 2023 was layoffs. Companies large and small shed over 240,000 jobs in the last year, and while the trend has cooled of late, it hasn’t stopped, with nearly 7,000 jobs cut in November alone.

    But there have been bright spots. Climate tech is one sector that has been hiring, and 2024 looks like it will be continuing the trend.

    Clean energy jobs have grown 10% in the past two years, outpacing the economy as a whole, according to a report by industry group E2. Through 2032, when the Inflation Reduction Act is set to expire, the fastest-growing job fields include wind turbine technician (45% growth) and solar photovoltaic installer (22% growth), according to the Bureau of Labor Statistics.

    For startups, 2023 was more muddled. As investors closed their pocketbooks, founders had to make hard choices about how to extend their runways. Some had to resort to layoffs, but not everyone. Many founders I’ve spoken with continue to emphasize that they’re hiring for a variety of roles.

    For those laid off from the general tech sector, climate tech would appear to be an appealing pivot, and for many, that’s proving to be true. Nearly every company needs software developers, project managers and designers. Is there a need for 240,000 of them? Probably not yet. And some that look like a close fit might require a bit of climate or energy knowledge on the part of the applicant.

    In other words, there’s a skills gap.

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    Tim De Chant

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  • EV fast-charging networks face a challenging 2024 | TechCrunch

    EV fast-charging networks face a challenging 2024 | TechCrunch

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    Sometime in 2024, maybe as early as February, half a dozen electric vehicle charging companies will face a reckoning.

    For years, they had little competition except for each other, which is to say, not much. Soon, though, they’ll have to contend with Tesla’s much-lauded Supercharger network.

    The EV world, from a charging perspective, was previously split in two. There was Tesla and then there was everyone else. Tesla owners enjoyed widespread, speedy and reliable charging. Everyone else made do by cobbling together accounts from a number of different companies, none of which could boast reliability ratings anywhere near that of Tesla’s.

    Then, in May, the wall fell. Ford signed an agreement with Tesla to give its EVs access to 12,000 Superchargers, a subset of the network. Starting in 2024, existing owners will be able to charge at those stalls by using an adapter, and in 2025, Ford said its future EVs will swap the Combined Charging System (CCS) plug for Tesla’s plug, also known as the North American Charging Standard (NACS).

    Other automakers soon followed suit. GM was next, then Rivian, Volvo, Mercedes, Nissan, and pretty much everyone else. One of the last to adopt the plug was Volkswagen, which isn’t a surprise given its majority ownership of Electrify America, which was supposed to be the CCS equivalent of the Supercharger network.

    EV owners like myself had —and still have — high hopes for Electrify America. The company was founded out of the Volkswagen diesel settlement, and it was the first non-Tesla network to prioritize nationwide DC fast charging at speeds that could support modern EVs. When Electrify America’s best chargers work, they are indeed fast, faster even than the majority of Tesla’s Superchargers.

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    Tim De Chant

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  • Deal Dive: Making the clean energy transition, well, cleaner

    Deal Dive: Making the clean energy transition, well, cleaner

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    People in many parts of the world are trying to lower their impact on the climate. From companies to countries, a lot of groups have goals to reduce their environmental impact. With innovation in areas like electric vehicles, wastewater treatment and battery recycling, among many others, those goals seem easier to attain than ever before.

    But could it really be that easy?

    While much of this progress sets countries and organizations up for a cleaner future in the long run, the actual transition to cleaner tech isn’t very, well, clean. Many of these cleaner options require batteries, which are composed of rare metals that have to be mined and smelted in carbon-heavy processes. There also isn’t a great solution yet to recycle said batteries en masse.

    Many startups have piled into clean tech in recent years, and while they’re doing the good work of bringing new technologies and cleaner processes to the table, few are fixing the clean tech industry’s carbon-heavy supply chain issues. But Nth Cycle is trying to help.

    Nth Cycle has built technology that lets its customers refine and recycle rare metals on-site. This cuts out the cost and environmental impact of shipping these metals overseas to be refined or recycled, especially since about 85% of rare metal processing currently happens in China, according to the U.S. Department of Commerce. Nth Cycle also doesn’t use carbon-heavy smelting to process the materials.

    The company’s co-founder and CEO, Megan O’Connor, feels speeding up this process and making it cheaper is critical for the transition to clean energy. With the current overseas supply chain, there is no way countries like the U.S. will hit their climate goals in time. The rare metals needed to do so are ample enough, but they aren’t going to be put into use quickly enough. Nth Cycle hopes its ability to cut out a very timely part of the supply chain will help.

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    Rebecca Szkutak

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  • Veteran life sciences firm RA Capital spins up ‘planetary health’ team to ride climate tech wave | TechCrunch

    Veteran life sciences firm RA Capital spins up ‘planetary health’ team to ride climate tech wave | TechCrunch

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    Something that often gets lost in discussions about climate change is the massive health benefits the world would realize by ceasing to burn fossil fuels.

    Pollution from coal, oil and natural gas isn’t just responsible for respiratory diseases like asthma and lung cancer, but also strokes, heart disease and even premature death. Fine particulate matter produced by combustion has been linked to greater risk of kidney disease, diabetes, preterm birth, osteoporosis and Alzheimer’s.

    What’s more, a warming planet poses numerous health risks on its own. Extreme weather events like heat waves increase the risk of death among older adults and infants. Infectious diseases like malaria, dengue, Vibrio and numerous tick-borne illnesses thrive in warmer conditions, spreading those threats farther toward the poles than ever before.

    Which is how I found myself, a climate tech reporter, talking with two partners from RA Capital, an investment firm better known for its positions in life sciences and healthcare.

    A few years ago, the firm realized that even if it could be fantastically successful, backing a myriad of companies that could produce successful therapies that cure various cancers and other diseases, people would still be dying by the millions from the effects of pollution, said Kyle Teamey, managing partner of planetary health at RA Capital. If the firm didn’t also address the root cause of many diseases, it would effectively be failing at its mission to make people healthier.

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    Tim De Chant

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  • US automakers need to make up their minds already | TechCrunch

    US automakers need to make up their minds already | TechCrunch

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    Consumers in the U.S. have the memory of a goldfish.

    When gas prices are up, they seek out more fuel-efficient transportation. But when they’re down, they rush to buy the biggest truck possible. Just take a look at Ford F-Series sales data from the last decade juxtaposed with average monthly gas prices.

    Ford F-Series sales plotted alongside U.S. gas prices 2014-2023.

    Image Credits: Tim De Chant/TechCrunch+

    See? Goldfish.

    It turns out U.S. automakers resemble their customer base. A few years ago, they were bullish on electric vehicles. But now, after just a couple years of serious investment, they’re starting to get cold feet.

    Ford and GM, in particular, have said that they’re just responding to their customers’ needs. And maybe they are! Some consumers remain wary because EV charging still sucks. Others have been scared off by high prices. (Arguably, these are both self-inflicted wounds: Legacy automakers have refused to consider charging a key part of the ownership experience, and Ford and GM have continually hiked EV prices in a way that’s out of step with the market.)

    Such customer responsiveness can be an asset in normal times, allowing companies to adjust their product lines to ride the ups and downs of the market. Yet in times of transition, when the future is in flux, it can be a terrible way to run a business.

    Legacy automakers have long said that their profitable model lines would be a strength as the market transitions to electric vehicles. All three companies have announced that they’d be investing billions in developing EVs and making the batteries that power them, and it would appear that the plan is working out just fine.

    Over the last decade, automakers have flocked to crossovers, SUVs and pickup trucks, three segments that are the most profitable. U.S. automakers have gone further than most. Ford even went as far as to stop producing mass market cars, focusing instead on crossovers, SUVs and pickups with the occasional Mustang coupe thrown in for branding purposes.

    How’s it been working out? Pretty well, actually. Ford reported $1.2 billion in profit for Q3, not bad given headwinds induced by the UAW strike. GM did better, raking in $3.1 billion in the same quarter. Stellantis doesn’t generally announce its quarterly earnings until November, but it had a gangbuster first half of the year, posting $12.1 billion in profit.

    So why have Ford and GM decided to pump the brakes on their EV plans?

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    Tim De Chant

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  • Tinder’s app gets more social by letting friends play matchmaker | TechCrunch

    Tinder’s app gets more social by letting friends play matchmaker | TechCrunch

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    Dating app users will often sit with friends as they swipe through their matches in order to gain feedback, or even hand over their phone and let their friends swipe for them. Now, that real-life experience is becoming a part of Tinder’s product, as the company today is introducing a new feature called Tinder Matchmaker where users can invite their friends — including non-Tinder users — to view and suggest potential matches.

    The idea, the company explains, is to allow Tinder users to learn who their friends or even their family members think would be a good match for them, and it’s inspired by Tinder user data. According to a survey the company commissioned, over 75% of singles said they discussed their dating life with their friends multiple times per month.

    But the “matchmaker” doesn’t have control over the experience in terms of actually swiping left or right on the individual profiles as they would if you handed over your phone. Instead, the Tinder users themselves will be the ones who ultimately decide if they want to match or send someone a Like, just like in real life. Plus, the friend who’s weighing in on your matches won’t need Tinder profile to do so. That means, you can ask married or partnered friends to participate in the experience without getting them into trouble.

    To use the feature, Tinder users can start a session directly from a profile card or the app settings. This provides them with a unique link they can share with up to 15 friends for a 24-hour period. Friends following the link can either log into Tinder or continue as a guest (after completing an age verification prompt and agreeing to terms) to start their session. They can then recommend profiles for the Tinder user in question, which the user can review after the session ends.

    “For years, singles have asked their friends to help find their next match on Tinder, and now we’re making that so easy with Tinder Matchmaker,” noted Melissa Hobley, Chief Marketing Officer at Tinder, in a statement about the launch. “Tinder Matchmaker brings your circle of trust into your dating journey and helps you see the possibilities you might be overlooking from the perspective of those closest to you,” she added.

    The company also partnered with “Players” singer Coi Leray to market the new feature. In a new video, she’ll soon show off how the “friend test” feature works.

    The introduction of the new feature comes at a time when some younger users, and particularly Gen Z, have tired of swiping-based dating apps, including Tinder, leaving the company to try to maximize its revenue with more exclusive pricing tiers — like the $499 per month Tinder Select subscription for elite daters. In its most recent quarter, Tinder parent Match Group said paying users across its portfolio fell 5% to 15.6 million. And a Pew Research study found that dating apps overall, aren’t gaining traction in the U.S. where three in ten U.S. adults report ever using one — a share that has remained unchanged since 2019.

    Instead, many Gen Z users are turning to friend-finding apps and traditional social media, like Instagram, to make romantic connections. Meanwhile, startups — like Candid, Ditto, IRLY, Snack and others — are testing the waters with video, leveraging Gen Z’s comfort with platforms like TikTok to transform dating apps into more dynamic and authentic experiences. Another cohort is using AI for dating or dating practice, like Teaser AI (now rebranded Mila) or Blush, for example.

    Tinder Matchmaker is launching today in the United States, Australia, Brazil, Canada, France, Germany, India, Indonesia, Japan, Mexico, South Korea, Spain, Thailand, United Kingdom, and Vietnam, and will roll out to Tinder users globally in the coming months, the company says.

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    Sarah Perez

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