Seattle-based First Mode and the Anglo American mining company have signed a binding agreement to combine First Mode with Anglo American’s nuGen effort to develop a zero-emission system for hauling ore. The transaction, which is expected to close next month, values the newly combined business at around $1.5 billion and includes a $200 million equity injection from Anglo American.
The outlines of the business combination plan were first announced in June. At that time, Anglo American said the terms of the agreement were non-binding, and the financial details weren’t released.
“First Mode was founded in 2018 with the goal of building the barely possible,” Chris Voorhees, First Mode’s president and CEO, said today in a news release. “We have done just that, and our mission is now to rapidly decarbonize heavy industry by dramatically reducing our customers’ greenhouse gas emissions. I can’t imagine a team better suited to this urgent challenge.”
First Mode, a Seattle-based engineering company, says it’s agreed to a business combination with the zero-emission truck development effort led by the Anglo American mining company.
The deal follows up on First Mode’s work with Anglo American on its nuGen Zero Emissions Haulage Solution, which uses a hybrid hydrogen-battery powertrain on ore-hauling trucks. First Mode designed and built the powerplant in partnership with several other companies.
In May, Anglo American unveiled the first converted nuGen monster truck at its platinum mine in Mogalakwena, South Africa. The newly combined business, operating under the First Mode name, would convert Anglo American’s fleet of 400 trucks to the nuGen system. It would also provide associated site infrastructure for battery charging as well as hydrogen production and refueling. First Mode says converting 400 ultra-class haul trucks to zero-emission systems is equivalent to taking 280,000 carbon-emitting cars off the road.
“We started First Mode to solve meaningful and difficult problems,” Chris Voorhees, president and CEO of First Mode, said in a news release. “Climate change and energy security are the paramount challenges of our time, and I am so proud this will be First Mode’s focus as we enter this next phase of growth. Now is the right time, and this is the right team, to build the barely possible for this extraordinary set of problems.”
After years of development, the world’s largest zero-emission vehicle was unveiled today at a South African platinum mine, with a hydrogen-fueled hybrid powerplant designed and built by Seattle-based First Mode.
Anglo American’s three-story-tall, 200-ton nuGen hybrid mining truck received a grand sendoff from South African President Cyril Ramaphosa at the Mogalakwena open-pit platinum mine. “It is a smart step for Anglo American, but a giant leap for South Africa’s hydrogen economy as we move into the future,” Ramaphosa said. “The hydrogen economy is beckoning us as a country and as an industry.”
Chris Voorhees, president and CEO of First Mode, said zero-emission industrial power will play a key role in addressing the global climate crisis. Large trucks currently account for 70% to 80% of diesel fuel consumption at Anglo American’s mines, but one nuGen truck is expected to keep the equivalent of carbon dioxide emissions from 700 cars out of the atmosphere.
“At First Mode, we know we are at a ‘fire-everything’ moment,” Voorhees said in a news release. “The urgency in front of us requires that we deploy every tool and every technology to battle climate change. I’m so proud of the team and our partnership with Anglo American, focused on decarbonization at the source to effect the meaningful, necessary change we all seek.”
Breakthrough Energy Ventures, the multibillion-dollar clean-tech initiative created by Microsoft co-founder Bill Gates, is leading a $65 million funding round to back Kent, Wash.-based Stoke Space’s effort to create a new breed of fully reusable rockets — and believe it or not, there’s a climate change angle.
“There is no better way to see the Earth and the severity of its climate challenges than looking at the entire globe from space,” Carmichael Roberts, co-leader of Breakthrough Energy Ventures’ investment committee, said today in a news release.
“Imagine being able to detect wildfires in any country within minutes, identifying oil and gas methane emissions in real time for remediation, or verifying carbon stocks globally to enable large-scale carbon offset markets,” Roberts said. “These are just a few of the far-reaching opportunities that greater access to space can provide through advanced satellite technology.”
Roberts said rocket reusability could overcome two of the barriers to such applications. “Stoke’s unique vehicle design and operational capabilities provide a path to achieving ultra-low-cost, fast-turnaround launch for dedicated orbital delivery,” he said.
The rocket business isn’t known as an environmentally friendly industry — especially when toxic chemicals like hypergolics and perchlorates come into play, and when thousands of pieces of space junk litter the sky. But Stoke Space’s co-founder and CEO, Andy Lapsa, told me that his company wants to change all that.
“There are a lot of unsustainable rocket practices that have been done through history,” Lapsa said. “I think we’re in general getting smarter about that, and a reusable second stage is a big, important part of that. We can’t be dumping rockets in the ocean as we start flying hundreds or thousands of times per year.”
Back then, Stephenson was getting ready to write his breakout science-fiction novel, “Snow Crash.” He was musing about how expensive it was to buy the equipment for a computer art project he was working on, as opposed to how inexpensive it was to buy a television set and watch state-of-the-art programming.
What would it take to make computer equipment as cheap as a TV set? “The answer, of course, is that lots of people watch TV,” Stephenson told me in an interview for the Fiction Science podcast that also touched on his new science-fiction thriller about climate change, “Termination Shock.”
During our chat, Stephenson noted that TV sets were once expensive lab curiosities, but became cheaper when programs like “I Love Lucy” created a huge market. Could that happen for computer graphics? Remember, this was at a time when the World Wide Web wasn’t much more than a glint in Tim Berners-Lee’s eye.
Thus was the metaverse born, as a plot device for “Snow Crash” in 1992. Stephenson’s characters could turn to an entire world created from 3-D computer graphics, offering programming as popular as 1990s-era television.
The Bezos Earth Fund today announced $203.7 million in grants and pledges aimed at advancing climate justice, supporting climate-oriented economic recovery projects and spurring innovation in pathways to decarbonization.
“This funding is just the next step in the Bezos Earth Fund’s commitment to creating catalytic change during this decisive decade,” Andrew Steer, the recently appointed president and CEO of the Bezos Earth Fund, said in a news release. “With each grant, we are helping organizations unblock progress and create pathways to a more sustainable future.”
Today’s announcement covers $73.7 million in immediate donations to 12 organizations, as well as a pledge of another $130 million to be given out by the end of 2021 to organizations supporting the Biden administration’s Justice40 climate initiative. Justice40 is aimed at delivering at least 40% of the overall benefits from federal investments in climate in clean energy to disadvantaged communities.
More than five years after it began, the $20 million NRG COSIA Carbon XPRIZE competition is complete — and for both of the top competitors, converting CO2 into concrete turned out to be the winning strategy.
The carbon conversion contest was launched in 2015 to encourage the development of technologies that turn CO2 into useful products, with the effect of reducing carbon emissions and fighting climate change.
“Flipping CO2 emissions into valuable products is now a proven, successful strategy to build a better world,” XPRIZE CEO Anousheh Ansari said today in a news release announcing the winners.
Concrete is an attractive target for decarbonization because the current production process is said to account for 7% of global CO2 emissions.
SpaceX CEO Elon Musk is putting $100 million into a different kind of “X”: An XPRIZE competition to develop new technologies for sucking carbon dioxide out of Earth’s atmosphere and oceans.
Musk and his foundation will provide the prize money for XPRIZE Carbon Removal, an incentive-based competition that’ll be open to teams around the world.
Teams will be required to create pilot systems capable of removing 1 ton of carbon dioxide per day, and show that their systems can be scaled up economically to the gigaton level.
Reducing CO2 is considered a key requirement for heading off the worst effects of the greenhouse effect and climate change. Total annual emissions of energy-related carbon dioxide currently amount to about 33 gigatons. The long-term goal for the XPRIZE teams should be to contribute to removing 10 gigatons of CO2 per year by 2050.
“We want to make a truly meaningful impact,” he said. “Carbon negativity, not neutrality. The ultimate goal is scalable carbon extraction that is measured based on the ‘fully considered cost per ton,’ which incudes the environmental impact.”
Billionaires Jeff Bezos and Elon Musk are usually rivals on the final frontier, but they both have a role to play in MethaneSAT, a privately backed satellite mission aimed at monitoring methane emissions.
Now MethaneSAT LLC — a subsidiary of Environmental Defense Fund — is announcing that it’s signed a contract with Musk’s SpaceX to send the satellite into orbit on a Falcon 9 rocket by as early as October 2022.
Mann has chronicled the conflicts over climate science in a series of books published over the course of the past decade. But in “The New Climate War,” he argues that the terms of engagement have shifted.
Amid waves of wildfires and extreme weather, it’s getting harder to deny that Earth’s climate is becoming more challenging. Instead, the focus of the debate is shifting to whether the climate challenge can be met — and if so, how best to meet it.
One of Gates’ big energy technology ventures is Bellevue, Wash.-based TerraPower, which is working on small-scale nuclear power plants. But Mann doesn’t think nuclear power will play a significant role going forward — due to high costs as well as broader concerns. “It comes with obvious potential liabilities, whether it’s proliferation issues, weapons issues or environmental threats,” he said.
Mann thinks even less of Gates’ support for solar geoengineering strategies. “That’s going down a very dangerous road,” Mann told me. “When we start interfering with this system [that] we don’t understand perfectly, the law of unintended consequences reigns supreme.”
As for Bezos, Mann said he’s already had some conversations with the Amazon CEO’s team about climate initiatives such as the $10 billion Earth Fund.
“It’s a start,” Mann said. “Would I like to see him spend less on some of these wackier [ideas like] establishing space colonies, and more on saving the one planet in the universe that we know does support life? Yeah.” (For what it’s worth, Bezos argues that his space vision is aimed at moving energy-intensive, pollution-producing heavy industries off the planet and thereby preserving Earth for residential and light industrial use.)
Although he begs to differ on the details, Mann is nevertheless grateful that Gates and Bezos are on the right side in the new climate war. “I’ll gently criticize these folks where I feel it’s appropriate, but I do welcome these voices at the table, because we need everyone on board,” he said. “It’s all hands on deck.”
Denialism and doomism
In his book, Mann argues that the “inactivists” who resist efforts to address the climate challenge have turned to a subtler form of denialism, as well as a phenomenon that Mann calls “doomism.”
Mann argues that the climate-denial crowd has picked up the game plan that’s been followed by the gun lobby, Big Tobacco and the bottling and packaging industry.
“There are things that we can do in our everyday lives that decrease our environmental footprint — and they make us healthier, they save us money and they make us feel better,” Mann acknowledged. “What we can’t allow is for the forces of inaction, the ‘inactivists,’ to convince us that that’s the entire solution.”
Others insist it’s already too late to avoid the climate catastrophe, and say the best we can do is to brace ourselves for the hellscape to come.
“If we really were doomed, if the science said that, then we’d have to be upfront about that,” Mann said. “But the science says the opposite. The science says there’s still time to avert catastrophic warming.”
Mann said the current political climate (so to speak) is favorable for making progress, thanks in part to a youth movement led by the likes of Swedish teen Greta Thunberg.
The next phase of the war
“The New Climate War” had to be turned in for publication months before November’s presidential election, but Mann said the results bore out his assumption that Joe Biden would win out. The results in the Senate — a 50-50 tie with Vice President-elect Kamala Harris serving as the tie-breaker — couldn’t be any closer.
Because of that narrow mandate, “we probably can’t expect to see something like a Green New Deal,” at least for the next two years or so, Mann said. But he doesn’t rule out moving ahead with the first stages of a carbon-pricing system similar to the tax scheme that Canada currently has in place.
Climate campaigners in Washington state tried twice to set up a carbon-pricing systems, in 2016 and 2018, but both initiatives failed at the polls. Mann noted that fossil-fuel interests weren’t the only opponents.
“Ironically, some of the opposition in recent years to market mechanisms has actually come from the environmental left — because it’s been framed as inconsistent with social justice, that the cost will somehow fall on disadvantaged front-line communities, those with the least resources,” he said. “That definitely does not have to be the case.”
Mann said the key is to tweak market-based pricing systems so that the revenue goes to support the communities that need help, and support the spread of renewable energy technologies.
How would Mann spend the revenue? I put an extra spin on that question by asking him what he’d invest in if he were given a few million dollars to start up a climate-related venture. His answer was true to form.
“I would put it into science communication, focusing on what I see as the remaining obstacles when it comes to scientists informing the public discourse, because we do play a role,” Mann replied.
“We shouldn’t necessarily be dictating what the policies should be. There’s a worthy political debate to be had about that,” he said. “But we need to define the scientific ground rules to find what the objective evidence has to say about the risks that we face, so that we have an honest political debate about solutions.”
Cosmic Log Used Book Club
So what does Mann read for a change of pace? His latest literary diversion actually isn’t that much of a diversion: It’s “The Ministry for the Future,” a climate-themed sci-fi novel by Kim Stanley Robinson. Mann says Robinson’s book is “a good companion from the fictional side to the nonfiction of ‘The New Climate War.'”
Robinson was the focus of a previous Fiction Science podcast co-hosted by science-fiction author Dominica Phetteplace and myself. If you’re at all interested in future perils and possibilities relating to the climate crisis, you owe it to yourself to check out the interview.
“He really inspired me as a youth, inspired my fascination with science, and continues today to inspire me,” Mann said. “And I’ve had the wonderful benefit of getting to know his daughter, Sasha Sagan, who has entered into this science communication sphere. You can hear some of Carl’s voice in her. It’s a gift.”
This is just the latest Sagan family selection for the CLUB Club: Carl Sagan’s “Contact” made the list in July 2003, and Nick Sagan joined his father as a CLUB Club laureate with “Idlewild” in August 2004.