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Burritos, electric vehicles, and renewable energy are the future, and nobody knows this better than Chipotle. Chipotle Mexican Grill unveiled a new all-electric restaurant design that utilizes 100% renewable energy from wind and solar sources. Oh, and did I mention there will be EV chargers?

Best known for its deliciously satisfying burritos and bowls made with the finest quality ingredients, Chipotle’s mission goes beyond food.

The culinary pioneer specializes in “real” Mexican cuisine and believes in doing things the right way and never taking shortcuts, including using ethically sourced ingredients and not using artificial colors, flavors, preservatives, or added hormones.

A major part of Chipotle’s initiative includes not only making food better but doing it in a way that protects the environment and those living in it.

Last year, 100% of Chipotle restaurants participated in the company’s “Harvest Program,” donating over 282,000 pounds of leftover food to community organizations. Meanwhile, 40% of Chipotle’s electricity was purchased from renewable sources in 2022, and despite opening over 200 new stores, the company reduced direct greenhouse emissions by 13%.

Perhaps, more importantly, Chipotle has worked to reduce packaging waste. Last year 100% of Chipotle’s burrito bowls, bags, napkins, kids tray meals, and quesadilla trays were made entirely from compostable natural fiber materials.

Tuesday, Chipotle revealed it would kick its environmental commitments up a notch with a new all-electric restaurant design, complete with energy-saving systems and EV charging stations at select locations.

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Chipotle’s new all-electric restaurant design (Source: Chipotle)

Chipotle goes electric with rooftop solar panels, EV chargers

Chipotle Mexican Grill unveiled its latest all-electric restaurant design that maximizes energy efficiency while utilizing 100% renewable energy from solar and wind power sources.

A few of the key features of the new “Responsible Restaurants,” as Chipotle calls them, include:

  • Rooftop solar panels
  • Cactus leather seats
  • Heat pump water heaters
  • Biodegradable service ware
  • Art made from recycled rice husks
  • EV charging stations at select locations
  • Smaller electric cookline and improved exhaust hoods
  • All-electric equipment and systems that replace gas power
  • Energy management systems (to manage heating and cooling, refrigeration temperatures, and other equipment) which many stores already have

Chipotle says its energy management systems have already reduced around 65,000 MWh of energy.

The first two locations are already open in Gloucester, Virginia, at 7115 George Washington Memorial Hwy, Gloucester, VA 23061, and Jacksonville, Florida, at 5801 Beach Blvd, Jacksonville, FL 32207, with the third in Castle Rock, Colorado, at 5954 Promenade Pkwy, Castle Rock, CO 80108, opening later this summer.

The company says it’s aiming to expand to 7,000 locations in North America with plans to add over 100 new all-electric locations in 2024.

The new all-electric restaurants will play a key role in Chipotle’s mission to reduce direct and indirect GHG across the company by 50% compared to 2019. Chipotle is exploring other initiatives to accelerate the progress, such as adopting renewable energy in logistics, investing in projects to drive down emissions from beef and dairy production, and developing plans to add additional vegetarian and vegan menu items.

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Rare earth stocks surge on U.S-China trade dispute over the critical minerals

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Rare earth stocks surge on U.S-China trade dispute over the critical minerals

A dump truck moves raw ore inside the pit at the Mountain Pass mine, operated by MP Materials, in Mountain Pass, California, U.S., on Friday, June 7, 2019.

Joe Buglewicz | Bloomberg | Getty Images

Shares of U.S. rare earth miners surged in early trading Monday, after President Donald Trump threatened China with retaliation over its strict export controls.

USA Rare Earth soared more than 18%, Critical Metals surged 18%, Energy Fuels jumped more than 11%, and MP Materials rallied about 8%.

Trump on Friday threatened China with a “massive” increase in tariffs in retaliation for Beijing imposing strict export controls on rare earth elements. The president then dialed down his rhetoric on Sunday, saying the situation with China will “be fine.”

The Defense Department, meanwhile, is accelerating its effort to stockpile $1 billion worth of critical minerals, according to The Financial Times.

And JPMorgan Chase said Monday it would invest up to $10 billion in companies that are crucial to U.S. national security.

“It has become painfully clear that the United States has allowed itself to become too reliant on unreliable sources of critical minerals, products and manufacturing — all of which are essential for our national security,” JPMorgan CEO Jamie Dimon said in press release.

Rare earths are a subset of critical minerals that are crucial inputs in U.S. weapons platforms, robotics, electric vehicles and other applications.

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Bloom Energy shares soar more than 30% after striking deal with Brookfield to provide fuel cells to AI data centers

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Bloom Energy shares soar more than 30% after striking deal with Brookfield to provide fuel cells to AI data centers

Bloom Energy power storage equipment in San Ramon, California.

Smith Collection | Gado | Archive Photos | Getty Images

Shares of Bloom Energy surged Monday after striking a deal with Brookfield to deploy fuel cells for artificial intelligence data centers.

Brookfield will spend up to $5 billion to deploy Bloom Energy’s technology, the first investment in its strategy to support big AI data centers with power and computing infrastructure.

Shares of Bloom Energy were up more than 30% in early trading. Bloom’s fuel cells provide onsite power that can be deployed quickly because they do not rely on the electric grid.

Nvidia CEO Jensen Huang told CNBC last week that the AI industry will need to build power off the electric to meet demand quickly and protect consumers from rising electricity prices.

“Data center self-generated power could move a lot faster than putting it on the grid and we have to do that,” Huang told CNBC on Oct. 8.

This is breaking news. Please refresh for updates.

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JPMorgan Chase says it will invest $10 billion into industries critical for national security

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JPMorgan Chase says it will invest  billion into industries critical for national security

JPMorgan Chase says it will invest $10 billion into industries critical for national security

JPMorgan Chase on Monday said it is launching a decade-long plan to help finance and take direct stakes in companies it considers crucial to U.S. interests.

The bank said in a statement it would invest up to $10 billion into companies in four areas: defense and aerospace, “frontier” technologies including AI and quantum computing, energy technology including batteries, and supply chain and advanced manufacturing.

The money is part of a broader effort, dubbed the Security and Resiliency Initiative, in which JPMorgan said it will finance or facilitate $1.5 trillion in funding for companies it identifies as crucial. It said the total amount is 50% more than a previous plan.

“It has become painfully clear that the United States has allowed itself to become too reliant on unreliable sources of critical minerals, products and manufacturing — all of which are essential for our national security,” JPMorgan CEO Jamie Dimon said in the release.

As the biggest American bank by assets and a Wall Street juggernaut, JPMorgan was already raising funds and lending money to companies in those industries. But the move helps organize the company’s activities around national interests at a time of heightened tensions between the U.S. and China.

On Friday, markets tumbled as President Donald Trump announced new tariffs on Chinese imports after the major U.S. trading partner tightened export controls on rare earths.

In the release, Dimon said that the U.S. needs to “remove obstacles” including excessive regulations, “bureaucratic delay” and “partisan gridlock.”

JPMorgan said that within the four major areas, there were 27 specific industries it would look to support with advice, financing and investments. That includes areas as diverse as nanomaterials, autonomous robots, spacecraft and space launches, and nuclear and solar power.

“Our security is predicated on the strength and resiliency of America’s economy,” Dimon said. “This new initiative includes efforts like ensuring reliable access to life-saving medicines and critical minerals, defending our nation, building energy systems to meet AI-driven demand and advancing technologies like semiconductors and data centers.”

The bank said it would hire an unspecified numbers of bankers and create an external advisory council to support its initiative.

This story is developing. Please check back for updates.

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