What the Heck Are SPACs?

SPACs, or special purpose acquisition companies, are a hot investment trend these days, especially for up-and-coming cleantech companies. Many have performed quite strongly in the public markets, increasing their stock values 20–60% or more in a matter of weeks. Much of the excitement of these stocks is motivated by the public sector’s desire to bet on technologies that will drive the future of clean energy, including electric vehicles, batteries and advanced materials.

A special purpose acquisition company is designed to take a company public without having to go through the traditional initial public offering (IPO)…

  1. Without federal leadership, states have taken climate change and air pollution into their own hands. And out of all the states, California has led. It has done so out of economic necessity. It is our largest state with 39 million of the country’s 328 million people. Its GDP is $3.1 trillion, 15% of total US GDP of $20 trillion. It is the world’s fifth biggest economy — bigger than India and just behind Germany. It produces one- third of US vegetables and two-thirds of our fruits and nuts. California is the #1 US producer of milk, tomatoes, lettuce and hundreds…
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In a surprise announcement at the UN, President Xi Jinping outlined China’s clean energy ambitions, declaring that the world’s most populous country will reach “peak carbon” before 2030 and net zero carbon emissions by 2060. China’s pledge came less than an hour after President Trump slammed China’s environmental record on the virtual UN Assembly floor, despite having repeatedly called climate change a “hoax” and pulling the US from the Paris Climate Accords. …

  1. Chesapeake Energy was once the second biggest natural gas producer in the country. With a market cap of $36 billion, CHK helped drive the US to the top of the oil heap, becoming the largest oil & gas producer in the world for the first time in decades. Founded in 1989, the company grew rapidly through aggressive wildcatting oil & gas bets that poured money into Oklahoma City, even enabling founder Aubrey McClendon to steal the NBA’s Seattle SuperSonics and install the “Thunder” in a state-of-the-art arena named after his company. Investigators dogged McClendon for years about his questionable tactics…
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  1. WHY HYDROGEN. The European Union plans to install by 2030 at least 40 gigawatts of renewable power and accompanying electrolyzers for the sole purpose to make huge volumes of hydrogen to run a major share of its economy. Hydrogen can do most of the things we can do with natural gas but, unlike natural gas, it can be made and then burned without producing any greenhouse gases or other pollutants. Hydrogen gas can be compressed and stored in tanks and transported in pipelines and trucks. It can be used as fuel for transportation, heat for industrial processes and feedstock for…
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  1. In a surprise announcement at the UN, President Xi Jinping outlined China’s clean energy ambitions, declaring that the world’s most populous country will reach “peak carbon” before 2030 and net zero carbon emissions by 2060. China’s pledge came less than an hour after President Trump slammed China’s environmental record on the virtual UN Assembly floor, despite having repeatedly called climate change a “hoax” and pulling the US from the Paris Climate Accords. …

Tim Callahan

Sustainable energy project developer and investor. Director of Project Development Nexus PMG. Managing Editor www.capm20.com

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