De-De-SPAC. Shell is buying EV charging network company Volta which went public a couple years ago only to lose 90% of its value since then. It’s an unfortunate reality for the companies that found hope and capital in a frothy SPAC environment. That doesn’t mean that the companies are bad or don’t have the ability to succeed, it means that they still need time and breathing room to becomes sustainable endeavors that can withstand the pressure of being public and reporting quarterly. Will more public companies, that went public via SPAC, get acquired? It’s very likely.
The Lender You Can Depend On. In a market that is full of uncertainty, you can rely on Dividend Finance to bring you white glove service to help you reach your long-term goals. Apply Here
- Utility Dive: CAISO proposes tweaks to day-ahead market to account for load uncertainty
- Axios: Mayors want to fight climate change, but fear losing their jobs
- Reuters: Mayors want to fight climate change, but fear losing their jobs
- PV-Tech: ‘A significant moment for European solar manufacturers’ – EU unveils Green Deal Industrial Plan
- Energy Storage News: California utilities seek energy storage-enabled resilient microgrid and island power projects
- Canary Media: Shell buys EV-charger operator Volta for pennies on the dollar
- PV-Magazine: IRA to drive $114 billion in U.S. renewable energy investments by 2031, report says
Opinion
Best, Yann