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Apr 17, 2024 - Diablo Canyon: California`s Last Nuclear Power Plant

Apr 16, 2024 - Connecting Solar to the Grid is Harder Than You Think

Apr 16, 2024 - 2024 Perovskite Breakthroughs are the Future of Solar

Apr 16, 2024 - Site visit: Inside an O&M base for floating offshore wind farms

Apr 15, 2024 - Calpine`s California battery plant is among the world`s largest

Apr 15, 2024 - Blackout As National Grid Collapses For Fifth Time In 2024

Apr 15, 2024 - Why So Many EV Companies Fail

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Apr 15, 2024 - Why So Many EV Companies Fail

The EV revolution could bring more change to the automotive industry than since its founding, and the potential impact is a tempting proposition for entrepreneurs. But this business is not for the faint of heart and nothing like starting an app or a social media company. It takes billions of dollars to build factories, design vehicles, secure suppliers, comply with regulations and find a way to distribute and service cars. Many have dramatically underestimated the capital costs. Going public through Special Purpose Acquisition Companies, or SPACs, is one way to raise funds. Balancing the need to respect age old industry practices, while finding ways to innovate in a highly competitive market is a struggle. The few that have been successful so far, such as Tesla and BYD, are emulating some of the practices that helped automakers like Ford and General Motors emerge victorious from the industry`s first wave of consolidation in the early 20th century. But others like Fisker, Lordstown Motors, IndieEV and WM have or are failing.