spac – Thinking Port

Another Day, Another Hydrogen Transportation Firm Sinks Into Its Inevitable Fate

June 29, 2024 admin clean transport, climate change, electric trucks, fuel cell, green economy, green investment, hydrogen, hydrogen fuel cell electric vehicles, hydrogen trucks, investment, spac

Credit to Author: Michael Barnard| Date: Wed, 26 Jun 2024 20:38:47 +0000

It’s been a while since I bothered to bash hydrogen for transportation or cleantech special purpose acquisition corporations (SPAC), but the intersection of the two just crossed my screen. I’m talking about Hyzon, the SPAC-funded US-based manufacturer of heavy vehicles. Let’s start with SPACs and cleantech. These “blank check” companies … [continued]

The post Another Day, Another Hydrogen Transportation Firm Sinks Into Its Inevitable Fate appeared first on CleanTechnica.

CleanTech Energy News Science

Lotus Spins Off EV Division in $5.4 Billion SPAC Deal

February 9, 2023 admin cars, clean transport, electric cars, Electric vehicles, geely, lotus cars, spac

Credit to Author: Jo Borrás| Date: Mon, 06 Feb 2023 20:35:33 +0000

EV subsidiary of storied Lotus Cars, Lotus Technology, is being spun out in an initial $5.4 billion SPAC merger!

CleanTech Energy News Science

SPACs Are A Problem In North American Cleantech Investing

May 17, 2022 admin Agriculture, archer, bill gross, clean power, clean transport, cleantechnica exclusive, climate change, Electric vehicles, energy vault, ev charging, green economy, heliogen, investment, joby, lilium, mass transit / public transit, proterra, Solar energy, spac

Credit to Author: Michael Barnard| Date: Tue, 17 May 2022 15:35:45 +0000

The takeaway here shouldn’t be that cleantech firms are high risk and over valued. The takeaway is that unscrupulous people found a way to fleece a lot of investors of a lot of money via SPACs.

CleanTech Energy News Science

Cleantech SPACs: Bane Or Boon For Climate Action?

May 11, 2022 admin archer, Aviation, batteries, clean transport, cleantechnica exclusive, climate change, concentrating solar power, Energy Storage, evgo, green economy, heliogen, investment, joby, lawsuits, lilium, proterra, Solar energy, spac

Credit to Author: Michael Barnard| Date: Wed, 11 May 2022 21:06:18 +0000

70% market cap loss. 7 of 16 facing investor lawsuits. That’s the world of cleantech SPACs in a nutshell. Caveat emptor.

CleanTech Energy News Science

Energy Vault Has Lawsuit Problem To Go Along With Bad Physics, CO2 Debt, & Stock Price Drop

May 9, 2022 admin carbon emissions, cleantech news, Energy Storage, energy vault, green economy, grid storage, investment, spac

Credit to Author: Michael Barnard| Date: Mon, 09 May 2022 17:15:36 +0000

There’s a lot of excellent work going on in cleantech, and there are a lot of good investments. But there are also a lot of people attempting to cash in without moving the climate action needle forward. Caveat emptor.