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July 28, 2024

Transportation Decarbonization

Lordstown Motors
Former Lordstown Motors CEO Sells Shares Before Dismal Q1 Earns
Lordstown Motors reported a first-quarter loss of nearly $172 million and warned investors of doubts about continuing as a "going concern."
Enel
Wash. Allocates Millions from Cap-and-Trade Fund
A pumped storage site, solar farms and agrivoltaic ventures are among the projects receiving funding from the state's cap-and-trade fund.
Gov. Jay Inslee
Inslee Signs Raft of Washington Climate, Energy Bills
The governor signed climate bills related to sustainable aviation fuel, local land-use planning, transmission planning, pumped storage and more.
Brattle Group
Brattle Group Finds VPPs Cheapest Alternative for Resource Adequacy
A Brattle Group study finds virtual power plants are cheaper than other viable options for resource adequacy, namely storage and natural gas peaking plants.
Lordstown Motors
Lordstown Motors Warns of Bankruptcy in Contract Funding Feud
Can Lordstown Motors survive? The electric truck maker warned investors this week that it may seek federal bankruptcy protection.
PSEG
PSEG Sees Fortunes Stoked by NJ OSW, EV Advances
PGEG's CEO said the company should get a boost from New Jersey’s second solicitation for offshore wind transmission upgrades and a deepening embrace of EVs.
University of Michigan Energy Institute
Vision for U-M EV Center: Building Ecosystem Where Auto Industry was Born
The University of Michigan's new $130 million Electric Vehicle Center will seek to develop an EV ecosystem "where the modern auto industry was born.”
Ballard Power Systems Inc.
CARB Approves Clean Locomotives Regulation
The California Air Resources Board approved groundbreaking rules requiring passenger, freight and switcher locomotives to decarbonize in the next three decades.
CARB
CARB Adopts Clean Fleets Rule Despite Broad Skepticism
California regulators approved a rule that will ban the sale of diesel trucks in the state starting in 2036, requiring all new trucks sold to be zero-emission.
Heitman, LLC
NJ Launches $80M Clean Energy Loan Fund for Small Business
New Jersey’s EDA is accepting applications for matching loans of up to $10 million to small businesses seeking to make clean energy investments.

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