ET Weekly
Energy Terminal Weekly Newsletter
June 20th 2023 | Issue #55 | Subscribe here
Happy Tuesday!
Welcome back to ET weekly, Energy Terminal's weekly newsletter where we cover trends, opportunities, events and updates across the energy industry.
📝 This Week in Energy 🔁
1) 💸 100 million for this carbon removal startup:
Charm Industrial has a plan to remove A LOT (110,000 metric tons) of CO2 from the air with its "bio-oil sequestration" approach. Its innovative technology is supposed to greatly drop the cost of carbon capture. Charm just raised $100 million in Series B funding, as well as signed a $53 million deal with Frontier. Learn more here
2) 🛢 40 billion to oil & gas:
Announcements from Shell's capital markets day:
$10 - $15 billion to renewable energy tech in the next 3 years
$40 billion to oil and gas in the next 3 years
Shell will exit retail energy markets of Britain, Germany and the Netherlands + will sell its stake in Shell Pakistan
Shell will increase shareholder dividends by 15% next quarter
3) 🇩🇪 Germany's rise to renewable fame:
Germany has just beat out China for the #2 best country for renewable investment, behind the US. Germany aims to have 80% of its energy mix be renewables by 2030. Over just this year renewables rose from 41% of the energy mix to 46%. Learn more here
⚡SPARK Episode 3
🚨 Top 3 Energy Opportunities 🚨
1) Backend Software Engineer, Ascend Analytics
Ascend Analytics is a software and consulting services company, designed to capture the new dynamics of energy markets.
2) Project Engineer, LanzaTech
LanzaTech is an innovative carbon recycling company, its technology has led it to be a publicly traded business!
3) Solar Program Manager, Energy Asset Internship (Fall 2023), Tesla
Tesla is accelerating the world's transition to sustainable energy through its electric vehicle, solar and storage technologies.
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