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Month: June 2022

The next holy grail for EVs: Batteries free of nickel and cobalt

By Matt McFarland, CNN Business Twenty-one years ago, Bart Riley and co-founders bet their short-lived company, A123 Systems, on batteries free of nickel and cobalt. They believed the battery technology offered several benefits for automakers in the then-nascent electric vehicle space. The Massachusetts-based startup pitched Tesla on its batteries between 2008 and 2011, Riley recalled,

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California drought could cut state’s hydropower in half this summer

by Matt Egan, CNN The severe drought in California threatens to significantly undermine the state’s ability to generate hydroelectric power, raising costs for families and driving up planet-warming emissions, according to a federal government forecast. Assuming drought conditions persist, California’s hydroelectric generation would be 48% less this summer than if water conditions were normal, the

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