SPACs Are A Problem In North American Cleantech Investing

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

Cleantech SPAC Stock Prices Over TimeThe 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.

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Energy Vault Claims Highlight The Lack Of Due Diligence In Cleantech SPACs

Credit to Author: Michael Barnard| Date: Wed, 20 Apr 2022 18:54:15 +0000

ANU global pumped hydro site mapEnergy Vault’s tech is not a solution, and while it would work at least for a while, it won’t be cheap, it will have lots of failure conditions and it will be high-carbon.

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Energy Vault Loses $1.2 Billion/40% Market Cap, CO2e/kWh Worse Than Natural Gas

Credit to Author: Michael Barnard| Date: Wed, 20 Apr 2022 15:49:54 +0000

Energy Vault stock chartEnergy Vault’s solution which ‘fixes’ the problems with its first approach leads to CO2e per kWh numbers worse than natural gas generation, and makes a mockery of its claims of low cost storage.

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