Latest news with #CleanTechnology
Bloomberg
4 days ago
- Business
- Bloomberg
Money Is Raining Down on Green-Tech Firms That Have an AI Story
Long-unloved nuclear and geothermal are experiencing a boom in interest as data center developers seek carbon-free resources capable of delivering round-the-clock electricity to power artificial intelligence. Green firms in the US have found something of a lifeline in artificial intelligence after being bogged down by high interest rates, shrinking funding and, more recently, President Donald Trump's sharp rollback of support. Clean technology companies that have inked deals to support data centers have seen their stocks soar this year, outperforming the S&P 500. Nuclear power startup Oklo Inc.'s shares are up nearly 275% year-to-date while the stock price of fuel cell provider Bloom Energy Corp. has risen 66%. Energy storage and clean power snagged the most public and private investment among climate tech sectors last quarter, according to BloombergNEF.
BBC News
07-04-2025
- Automotive
- BBC News
Battery recycling company in Devon gears up for expansion
The UK's first electric vehicle (EV) battery recycling plant has secured millions of dollars of investment to help scale up its Plymouth-based Clean Technology employs 50 staff across three locations in the city and Tavistock. The firm said it had pulled in $20m over the last 18 months from a variety of private investors, and was looking to expand its said it would reduce the UK's dependency on mined raw materials, improve energy security and make electric vehicles even greener in the future. The company's process recovers critical metals, including lithium, from old EV batteries, which can then be used in the production of new chief operating officer, Christian Marston, said: "In old EV batteries and production scrap from giga-factories, we have that strategic asset already in the UK and companies like Altilium can take those waste streams, recover these critical minerals and put them back in to build new batteries to electrify everything and allow us to get to net zero". A recent recruitment drive has seen specialists in chemical and mechanical engineering from across the UK join the business, the company said it was actively engaging with schools, colleges and universities in Plymouth to foster Science, Technology, Engineering, and Mathematics (STEM) opportunities for early-stage careers. 'Exciting expansion plans' Emily Hatcher, head of people and culture at Altilium, said: "Our teams across R&D, engineering and business operations are driving advancements in clean technology every day, building a truly circular economy for critical battery materials."We plan to continue accelerating and have exciting expansion plans ahead."As well as its operations in Devon, Altilium is also looking to build one of the largest EV battery recycling plants in Europe on Teeside. The company is aiming to supply 50% of the lithium and nickel needed for EV batteries in the UK by 2040.
