U.S. President Joe Biden delivers remarks at the League of Conservation Voters annual dinner in Washington, U.S., June 14, 2023.
Jonathan Ernst | Reuters
Four of the country’s largest environmental groups have endorsed President Joe Biden‘s reelection bid despite disapproval from climate activists over his administration’s support of fossil fuel plans, including the approval of an oil drilling project in Alaska and a natural gas pipeline in West Virginia.
The League of Conservation Voters, the Sierra Club, the Natural Resources Defense Council and NextGen America issued the unprecedented joint endorsement of Biden and Vice President Kamala Harris on Wednesday night during the league’s annual dinner event in Washington, D.C.
Speakers for the groups applauded the White House’s climate change agenda, including the passage of the Inflation Reduction Act and its $375 billion for clean energy and electric vehicles, the biggest climate bill in U.S. history. The law is projected to reduce greenhouse gas emissions by up to 1 billion tons by 2030.
Some smaller climate groups, however, are withholding their support and condemning the president for breaking his early campaign promise to end all oil and gas drilling on federal lands. The Biden administration has since mandated the sale of offshore drilling leases, sped up completion of the Mountain Valley Pipeline as part of a debt limit bill and approved a controversial Alaska drilling project called Willow.
Endorsing groups said that while they’ll continue to hold the administration accountable for fossil fuel projects, having Biden for a second term is critical for progress on other climate initiatives.
Climate activists gather to protest with demanding President Biden stop the Willow Project by unfurling a banner on the Lafayette Square in front of the White House on January 10, 2023 in Washington D.C., United States.
Celal Gunes | Anadolu Agency | Getty Images
Group members stressed the White House has done more to address the climate crisis and environmental injustice than any administration in U.S. history, and warned the alternative could be a Republican who would approve additional fossil fuel plans and jeopardize the country’s climate progress.
“President Biden has acted courageously during a critical inflection point in the climate fight,” said Ben Jealous, national executive director of the Sierra Club. “No other administration has done more to move us forward. The stakes could not be higher and the choice could not be more clear.”
While Biden has enacted an aggressive climate agenda, he’s also taken steps to boost fossil fuel production in order to placate Sen. Joe Manchin, D-W.Va., and Republicans who argue the climate agenda is endangering U.S. energy security.
During the dinner, Biden touted his climate record, adding that while there are a lot of threats facing “our children, grandchildren and great-grandchildren,” climate change “is the only truly existential threat.”
“If we don’t meet the requirements that we’re looking at, we’re in real trouble,” the president warned the audience. “Together, we’ve made a lot of progress so far, but we’ve got to finish the job.”
U.S. President Joe Biden delivers remarks at the League of Conservation Voters annual dinner in Washington, U.S., June 14, 2023.
Jonathan Ernst | Reuters
Biden has vowed to slash the country’s emissions in half by 2030 and achieve net-zero emissions by 2050. His federal agencies have proposed tougher limits on pollution from automobiles, trucks and power plants, marking the nation’s most ambitious climate regulations to date that would substantially curb emissions.
Early in office, Biden rejoined the Paris climate agreement, the landmark nonbinding accord among nations to reduce carbon emissions, and created the first-ever National Climate Task Force to implement a “whole of government” approach to mitigating climate change. His administration also vowed to deliver at least 40% of the benefits from federal investments in climate and clean energy to disadvantaged communities.
“President Biden’s climate leadership has been nothing short of historic,” Manish Bapna, president and CEO of the NRDC Action Fund, said in a statement. “His policies are already driving a heartland manufacturing renaissance with clean energy at its core, and he has worked to advance environmental justice.”
Former president Donald Trump, the front-runner in the 2024 Republican primary field, withdrew the U.S. from the Paris climate accord and weakened a slew of environmental regulations designed to reduce emissions and protect the country’s air, land and water.
The four endorsing groups collectively represent millions of members and activists in every state across the country, with campaigns that have invested millions of dollars in previous elections.
EQORE, a distributed battery storage startup based in Somerville, Massachusetts, has raised $1.7 million in seed funding to help industrial buildings tackle rising electricity costs. The round was oversubscribed and includes backing from the Massachusetts Clean Energy Center (MassCEC), Henry Ford III of Ford Motor Company, and Jonathan Kraft of The Kraft Group.
The timing couldn’t be more relevant. Data centers are booming, and that demand is slamming an already stressed grid. Big, utility-scale batteries help at the grid level, but they can’t fix the bottlenecks happening on local distribution networks. That’s where onsite storage steps in — storing energy when demand is low and discharging it when demand spikes, which helps stabilize costs for both the grid and the businesses using it.
MassCEC’s head of investments, Susan Stewart, said, “What excites us the most about EQORE’s technology is the dual impact: grid support and customer savings.” She noted that commercial and industrial buildings are ideal hosts for battery storage, but haven’t gotten much attention until now. “EQORE is closing that gap.”
Investor Randolph Mann highlighted what makes the company stand out: “By uniting advanced controls with high‑resolution metering and true end‑to‑end service, EQORE finally makes commercial behind-the-meter storage effortless and financially compelling for businesses.”
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EQORE comes out of MIT’s Sandbox program and delta v accelerator and is currently part of the Harvard Climate Entrepreneurs Circle incubator. CEO and cofounder Valeriia Tyshchenko, a third‑generation engineer from Ukraine and MIT graduate, said the new funding will help the company scale alongside its existing revenue.
With the seed round closed, EQORE plans to grow its team and ramp up battery deployments at energy-intensive manufacturing facilities. The company doesn’t just install batteries; it operates them. Its autonomous software shifts when a facility uses power based on market conditions and utility incentives, reshaping load in real-time without disrupting operations.
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Hyundai took the sheets of its new off-road electric SUV, the Crater Concept, at the LA Auto Show. Here’s our first look at the compact off-roader.
Meet Hyundai’s new off-road SUV, the Crater Concept
We knew it was coming after Hyundai teased the off-road SUV earlier this week, hidden under a drape. Hyundai took the sheets off the Crater Concept at the LA Auto Show on Thursday, giving us our first real look at the rugged off-roader.
Hyundai refers to it as a compact off-road SUV that’s inspired by extreme events. The concept was brought to life at the Hyundai America Technical Center in Irvine, California.
The off-road SUV draws design elements from Hyundai’s Extra Rugged Terrain (XRT) models, such as the IONIQ 5 XRT, Santa Cruz XRT, and the new Pallisade XRT Pro.
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Although it’s a concept, Hyundai said the Crater Concept is a testament to its commitment to designing future XRT vehicles that are more functional, more capable, and more emotional.
The Hyundai Crater off-road SUV Concept (Source: Hyundai)
“CRATER began with a question: ‘What does freedom look like?’ This vehicle stands as our answer,” Hyundai’s global design boss, SangYup Lee said.
The off-road SUV features Hyundai’s new Art of Steel design theme, first showcased on the THREE concept at the Munich Motor Show in September.
The Hyundai Crater Concept (Source: Hyundai)
Hyundai said the design team was guided by one clear goal: To create a rugged and capable vehicle that’s designed to go anywhere. The Crater Concept embodies that vision with added wide skid plates, 33″ off-road tires, limb risers, rocker panels, and a roof platform.
Hyundai designed the interior for “tech-savvy adventure seekers,” with a singular design centered around a high-brow crash pad that stretches across the dashboard.
The Hyundai Crater Concept (Source: Hyundai)
The concept also swaps the traditional infotainment setup for a head-up display that spans the entire front window, which Hyundai said includes a live rearview camera.
Hyundai’s off-roader includes a new Off-Road Controller for front and rear locking differentials, as well as a terrain selector with modes including Sand, Snow, and Mud. Other off-road features include downhill brake control, trailer brake control, a compass, and an altimeter.
Although Hyundai said it was electric, it didn’t reveal any further details about the powertrain. The off-road SUV could be a battery-electric or fuel-cell-electric vehicle.
Like the new Nexo, Hyundai’s hydrogen fuel cell vehicle, the concept features “HTWO” lamps exclusive to its FCEVs.
Earlier this week, the design team at Hyundai Design North America also introduced its new design and ideation studio codenamed “The Sandbox.” The creative design studio is set to serve as a global hub for future XRT vehicles and gear.
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OpenAI is partnering with Taiwan’s Foxconn, the world’s largest contract electronics manufacturer, to design and build artificial intelligence data center components in the U.S., the AI startup’s latest announcement tied to its massive infrastructure development plans.
While no financial terms were disclosed, OpenAI said in Thursday’s announcement that it will have early access to evaluate the systems Foxconn produces, and the option to purchase them. The companies said the goal is to accelerate the deployment of infrastructure while securing long-term U.S. capacity.
Under the agreement, OpenAI and Foxconn will co-develop multiple generations of AI servers in parallel, while manufacturing core components like power, networking, and cooling systems at Foxconn’s U.S. facilities. The company’s website says it has factories in Wisconsin, Ohio, Texas, Virginia and Indiana.
“This partnership is a step toward ensuring the core technologies of the AI era are built here,” OpenAI CEO Sam Altman said in a statement, calling AI infrastructure a “generational opportunity to reindustrialize America.”
OpenAI has been on a dealmaking blitz of late with many of the world’s largest technology companies, and has announced spending commitments of roughly $1.4 trillion, raising concerns about whether the startup will ever generate enough profit to justify those investments. Altman said earlier this month that the company will hit $20 billion in annualized revenue by the end of this year and hundreds of billions by 2030.
Prior deals include a $100 billion announced — but unfinalized — agreement with Nvidia for the chipmaker to invest in OpenAI in phases as the company builds out infrastructure. OpenAI also has cloud partnerships with Microsoft, Google and Amazon and hefty compute buildout commitments with Oracle.
Foxconn adds a manufacturing layer, further localizing OpenAI’s supply chain and potentially speeding the pace of deployment. The company is best known for assembling Apple’s iPhones but has expanded into AI and automotive manufacturing. It builds server racks tailored for AI workloads and is a key global supplier to Nvidia, the dominant player in high-end AI chips.
“Foxconn is uniquely positioned to support OpenAI’s mission with trusted, scalable infrastructure,” said Chairman Young Liu.
But the company has a checkered history in the U.S. In 2018, Foxconn broke ground on what was supposed to be a massive factory in Wisconsin for making flat-panel displays. That project was a failure, and is now the site of an AI data center being built by Microsoft.