BusinessEnergyInnovation

Clean Energy Investment Faces Setbacks as Projects Worth $1.6B Canceled in September

Companies canceled or scaled back nearly $1.6 billion in clean energy projects in September, contributing to over $24 billion in withdrawn investments this year. Despite some new project announcements, analysts suggest the clean energy sector’s growth trajectory has sharply slowed in 2024.

Significant Clean Energy Project Cancellations

Companies canceled or scaled back nearly $1.6 billion in clean energy projects during September alone, according to reports from clean energy advocacy group E2. This brings the total amount of withdrawn investment to more than $24 billion so far this year, indicating substantial challenges facing the renewable energy sector.

AIScienceTechnology

New AI Framework Predicts Battery Thermal Runaway with 96% Accuracy, Cuts Sensor Power by 37%

Researchers have developed an advanced AI framework that predicts dangerous battery thermal runaway events with unprecedented accuracy. The system integrates multiple data sources to provide early warnings while significantly reducing energy consumption.

Breakthrough in Battery Safety Monitoring

Researchers have developed a sophisticated artificial intelligence system that reportedly predicts dangerous thermal runaway events in high-energy batteries with remarkable accuracy while cutting sensor power consumption by more than one-third, according to recent scientific reports. The framework, named T-RUNSAFE, represents what analysts suggest is a significant advancement in battery safety technology, particularly for electric vehicles, aerospace systems, and grid-scale energy storage applications.

BusinessEnergyStartups

Battery Recycler Redwood Materials Secures $350M to Expand Energy Storage for AI Data Centers

Redwood Materials, founded by ex-Tesla CTO JB Straubel, has raised $350 million to support its growing energy storage business. The funding will help meet rising power demands from AI data centers using repurposed EV batteries.

Major Funding Round for Battery and Energy Storage Expansion

Battery recycling and materials firm Redwood Materials has raised $350 million in a Series E funding round, according to reports from TechCrunch. The investment, led by venture firm Eclipse with participation from Nvidia’s venture arm NVentures, will support the company’s expansion into energy storage and scaling of its cathode and battery material production. Sources indicate the company’s valuation reached approximately $6 billion, a notable increase from prior estimates.