Tech

Oil-refining giant Koch Industries invests nearly $1B in battery companies

Enlarge / Koch Industries Inc. headquarters in Wichita, Kansas. (credit: Larry W. Smith/Bloomberg) Koch Industries—the conglomerate owned by Charles Koch and the heirs of David Koch, men who donated heavily to groups that helped politicize the science of climate change—is reportedly investing hundreds of millions of dollars in battery companies. The privately held company has […]

Tech

Ford is setting up a new EV battery center in southeast Michigan

Ford will spend $185 million on a new 200,000-square-foot “battery center of excellence” called Ion Park in Michigan. It will join Ford’s new Battery Benchmarking and Test Laboratory in Allen Park, Michigan, seen here. [credit: Ford ] The Ford Motor Company announced on Tuesday that it is creating a new “global battery center of excellence,” […]

Business

Facebook A.I. researchers Drive a breakthrough in renewable energy storage

Facebook is among those world’s biggest corporate buyers of renewable energy, using signed prices for at least 5 gigawatts of all “fresh ” electricity –3.5 gigawatts of that is anticipated to be on line by the end of the year. (One gigawatt is enough to electricity 700,000 houses for per lifetime, according to some estimates) […]