The vibes are shifting for US climate tech

There are still projects progressing, but these cancellation is definitely not a good sign. Now we have a tariff to think about it, add additional layers of expenses, and worse, uncertainty. (Companies, especially those that require their plans of money, do not like uncertainty.) Frankly, you are still accustomed to an environment that is not similar to climate technology. How worried about us? Let’s get into the context.

Sometimes, one part of the news can push the home a much larger direction. For example, I have read Basalon’s studies on harsh weather and global warming, but every time a hurricane approaches my mother’s house in Florida, the threat of the harsh weather that the climate feeds becomes more realistic for me. A recent advertisement about climate technology set me in the same way.

In February, ASPEN Aerogels announced that it gives up plans for the Georgia factory that would have made materials that could suppress battery fires. I was shocked by the news, because just a few months ago, in October, I wrote about the loan commitment of $ 670 million to the Ministry of Energy. It was a truly enjoyable story, because I found the technique great and because it is Massachusetts Institute Technology Review Technology I got exclusive access to covering it first.

And now, suddenly, this plan has only died. Asben said it would change some of its production to a factory in Rod Island and send some of them abroad. (I arrived at the company with my story questions last week, but they did not return to me.)

One example does not always mean a direction; I got food poisoning at the sushi restaurant once, but I did not always cut Sashimi. Bad news, however, is that canceling Asbin is just one of many. More than ten main projects have been killed in climate technology so far this year, as non -profit E2 has risen in a new report last week. This is far from typical.

She got some additional context from Jay Turner, which runs Big Green Machine, a database that also tracks investments in the supply chain of climate technology. This project includes some data that is not explained by E2: news about when projects are delayed or steps are taken forward. On Monday, the Big Green Machine team released a new update, which Turner called “regarding.”

Since Donald Trump took office on January 20, he advanced about $ 10.5 billion of investment in climate technology projects in some way. This means mainly 26 projects announced, securing new financing, increasing size, or starting construction or production.

Meanwhile, 12.2 billion dollars slowed in 14 projects in some way. This covers the projects that have been canceled, were greatly delayed, or lost funding, as well as the companies that have been saved. So, through total investment, there was more bad news in climate technology than good news, according to Turner tracking.