Morning Brew - ☕️ Turning EVs into generators

One startup's plan to make bidirectional charging take off.
Morning Brew July 22, 2022

Emerging Tech Brew

Cytonics

It’s Friday, and after months and months of lobbying, jockeying, pleading, and, at times, threatening, we saw some movement on the US’s semiconductor subsidies bill. It still hasn’t made its way to the president’s desk, but it’s looking more likely after 64 senators said in a “test vote,” per the Wall Street Journal.

As a reminder of why this bill matters: It contains ~$52 billion in semiconductor subsidies. That’s in stark contrast with the, uh, $0.00 the US spent on chipmaking subsidies between 2000 and 2020.

In today’s edition:

This startup wants to turn EVs into home generators
Solar panels circular economy

Grace Donnelly, Maia Botek, Dan McCarthy

EV CHARGING

Home is where the EV is

Home is where the EV is Roschetzkyistockphoto/Getty Images

It could prove difficult to convince EV owners to sell energy back to electric utilities for a few cents at a time, but using a car battery as backup power for a home seems like a no-brainer.

While pilot programs for vehicle-to-grid (V2G) technology are beginning to pop up in several states, vehicle-to-home (V2H) applications seem poised to gain traction more quickly.

Zoom in: Montreal-based startup dcbel is one example of the companies leading the…charge…on this effort. It offers a faster at-home EV-charging system that is capable of discharging energy back to the home in the case of a power outage.

  • The company, which has raised more than $40 million since its founding in 2015, also uses AI to manage energy usage and can be installed with solar panels, resulting in cost savings and CO2 reduction.

Dcbel’s AI analysis shows that in the vast majority of cases, it’s “more useful” to use energy stored in an EV battery in the home than to send it back to the grid, Marc-André Forget, CEO of dcbel, told Emerging Tech Brew.

“[A] car is the second-largest investment for any family after [a] home. It sits on our driveway for 90% of the time, so we need to leverage that energy,” he said.

Looking ahead...Dcbel is entering the US market this year. The company is already taking reservations from customers in California, Texas, and New York—states that have historically experienced blackouts or hurricane-related outages—for deliveries later in 2022, Forget said. Dcbel plans to be in all 50 states, as well as the UK and France, by late 2023.

Keep reading about how EVs could be the backup generators of the future.—GD

        

TOGETHER WITH CYTONICS

Invest in the golden age of biotech

Cytonics

With an aging global population and demand for longer, high-quality lifespans, there is a dire need for advances in regenerative medicine. 

Cytonics is rising to the challenge: Their FDA-approved “APIC” therapy is the only treatment on the market proven to reverse cartilage damage caused by osteoarthritis (OA)—a joint disease that will debilitate 25% of the world’s adult population by 2030. 

Now they’re upgrading this system with an even more effective genetically engineered protein therapy dubbed “CYT-108.” This therapy is designed to attack osteoarthritis at the molecular level, and is ready for a first-in-human Phase 1 clinical trial. 

With over 8,000 patients treated to date, Cytonics has raised $18+ million, including a $4 million investment from Synthes (a Johnson & Johnson company).

Will you join them? Invest in Cytonics today.

CLIMATE TECH

How to recycle a solar panel

How to recycle a solar panel Sinology/Getty Images

Much has been made about the need to install solar panels, as the industry has grown at an average annual rate of 33% over the last decade.

But what happens at the other end of that process—when solar panels are ready to be discarded?

No standardized system for recycling panels—or tracking the process—currently exists in the US, per the LA Times, but research suggests only around 10% are currenty recycled in the US.

Enter: Solarcycle, a startup launched in 2022 to tackle that exact issue. The B2B-oriented company wants to build out its first facility by Q4, which it says will be capable of handling thousands of solar panels per year, and in June it announced a $6.6 million seed round.

  • So far, it’s partnered with Sunrun, a major residential solar installer, and it aims to make the process of recycling solar panels less expensive than landfilling them.
  • By 2030, the solar-panel recycling market could reach $2.7 billion, per a recent report from Rystad, an eye-popping jump from the current $170 million valuation.

As part of our ongoing Twitter Spaces series on climate tech, we sat down with Suvi Sharma, Solarcycle’s co-founder and CEO. Click here to keep reading about the future of solar recycling.—MB

        

TOGETHER WITH THE WALL STREET JOURNAL

The Wall Street Journal

Special summer sale. For just $4 a month, enjoy a WSJ membership and stay informed with its award-winning journalism. Get full access to the Journal plus exclusive WSJ+ perks—including talks, virtual events, free ebooks, and deals on wine, fitness, tech, and more. Join now.

BITS AND BYTES

Illustration: Francis Scialabba, Photo: Upside Foods

Stat: SciFi Foods, a cultivated-meat company, claims it has found a way to reduce the cost of producing cultivated beef by 1,000x. High costs are one of the key barriers lab-grown meat companies have faced.

Quote: “All that material will eventually make another star, or another galaxy—and that’s the recycling nature of stellar life.”—Stefanie Milam, a scientist on the James Webb team, explaining last week’s photos to us

Read: Researchers are CRISPR-ing plants to try and capture a billion extra tons of CO2 from the air.

A nifty career compass: Roles are becoming less defined, so it’s time to craft your own playbook for career advancement. Get practical growth and leadership tips to propel your career forward with Oracle NetSuite’s Build Boldly guide.*

*This is sponsored advertising content.

WHAT ELSE IS BREWING

  • Join us September 29 in NYC for our first-ever Emerging Tech Brew Summit: The Next Decade of Tech. We’ve gathered key technologists, executives, and innovators to discuss critical topics at the intersection of emerging technology and food, energy, and health.
  • Neuralink’s co-founder has left the company.
  • Google has started publicly testing prototypes of its Google Glass successor.
  • Metaverse guru Matthew Ball wrote a book explaining why he thinks the as-yet-nonexistent virtual space will revolutionize everything.
  • Carbon removal now has a trade group.
  • GM announced the Chevy Blazer EV, with the first ones going on sale next summer. Elsewhere in electrification: VW announced it’d revive its Scout brand as US-based spinoff focused on electric pickups and SUVs, and the USPS says it will now buy at least 25k electric delivery vehicles, up from a prior estimate of ~10k.

GOING PHISHING

Three of the following news stories are true, and one...we made up. Can you spot the odd one out?

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GOING PHISHING ANSWER

NYC Mayor Eric Adams has said many things in his short tenure, but nothing about apartment-based agriculture.

 

Written by Grace Donnelly, Maia Botek, and Dan McCarthy

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