The Weirdest Climate Tech Investment From the Inflation Reduction Act

  • 📰 Slate
  • ⏱ Reading Time:
  • 57 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 26%
  • Publisher: 51%

Business News News

Business Business Latest News,Business Business Headlines

Say hello to superhot rock energy.

Nuclear fusion. It’s really interesting because nuclear fusion has always been considered the holy grail—an alternative source of energy that can be unlimited and clean. It’s scientifically been … not impossible, but very science fiction-y to consider it mainstream.

But in the past five to six years, you’ve seen nuclear fusion reach milestones with a few companies. The money that’s coming from this act—hundreds and hundreds of millions of dollars in continued research—is going to be what I think is needed to solve some of the last-minute research problems that these companies are having to bring [the technology] to scale.The bill makes billions in tax credits available to make electric vehicles cheaper for the consumer.

The most experimental thing I’ve heard is called superhot rock energy. The Earth generates a lot of heat, and it’s theoretically limitless. We’ve harnessed the Earth’s heat before to make power, but it’s never been powerful and widespread enough to really make a dent. Now, scientists are trying to go deeper than anyone has ever gone before, to a point where the Earth reaches about 750 degrees Fahrenheit.

One of the big critiques of things like direct air carbon capture is that they are Band-Aids and don’t take enough carbon out of the atmosphere to make a significant dent in climate change. How much do these things move the needle?

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Vague.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 716. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

As Mexico stalls major solar projects, companies turn to smaller workaroundsWith alternative energy projects stalled in Mexico due to controversial energy reforms, companies are increasingly turning to smaller-scale renewable options that allow businesses to cut carbon emissions.
Source: ReutersScience - 🏆 559. / 51 Read more »

A Houston attorney is banking on big business helping preserve the Texas CoastMother nature is one of the most powerful allies in helping reduce and store carbon-dioxide emissions.
Source: KPRC2 - 🏆 80. / 68 Read more »