Climate tech companies are pivoting to critical minerals

Image for article Climate tech companies are pivoting to critical minerals
News Source : MIT Technology Review

News Summary

  • Climate tech companies are finding ways to survive and even thrive in this new environment.
  • Focusing on metals like niobium and tantalum won’t have the massive climate benefit that cleaner steel would, but it could generate the cash the company needs to keep going.
  • It’s a strategy I’m noticing more as these tough industries like steel look ever tougher to succeed in with limited federal support in the US.
  • Last year, the US Department of Energy canceled $1.3 billion in funding that had been set aside for cement-related projects.
Focusing on metals like niobium and tantalum wont have the massive climate benefit that cleaner steel would, but it could generate the cash the company needs to keep going.

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