| | | | | | | The two programs represent the largest federal investment in rural areas since the Rural Electrification Act of 1936 and support rural systems’ energy reliability and resilience. |
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| | In response to the announcement, Proterra’s shares plummeted nearly 65% in premarket trading |
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| | The Rondo Heat Batteries can store energy at half the cost of green hydrogen and chemical batteries, and the company hopes their system will reduce energy consumption rates across the industry |
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| | The two projects will each capture up to one million metric tons of carbon dioxide per year, and once fully operational, they have the potential to remove up to 30 million metric tons annually |
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