October 24, 2022
Photo: sod tatong/Moment/Getty Images
Good morning! The grid needs multiple types of storage to be truly decarbonized and resilient, and a battery based around rust might be just the thing to complement lithium-ion.
We’ll need to increase renewable energy use by 430% this decade to get on track to net zero. But the sun sets and the wind stops blowing, so we’ll also need battery storage to keep up with demand — and in fact, we need new kinds of batteries, Protocol’s Lisa Martine Jenkins writes.
What’s wrong with lithium-ion grid storage? Utility-scale versions of those ubiquitous batteries can only discharge energy for up to four hours at a time, meaning that systems can falter when the grid needs to provide widespread power for a long period of time.
A potential solution uses alternative chemistry. A company called Form Energy is developing batteries that use an iron-air technology, its CEO, Mateo Jaramillo, told Lisa.
The new batteries are now being tested: Form Energy signed a partnership with Georgia Power, its first with an investor-owned utility, earlier this year. The duo will work to deploy up to 15 megawatts of storage capacity. (In 2020, it announced a much smaller 1 megawatt pilot project with the Minnesota cooperative Great River Energy.)
But even if they work, the batteries face obstacles to deployment. Markets need to be redesigned to reflect “where we really are today and where we want to go,” Jaramillo said. “Grid operators and markets were designed with an entirely different and largely combustion-driven grid in mind.”
Read More: Long-duration batteries could free the grid from fossil fuels
Generative AI can create more than just text and images: It’s clearly generated a hype cycle around AI companies and rabid investor interest in the space, Protocol’s Biz Carson writes.
Last week was generative AI’s breakout moment, at least if you’re judging by the parties, blog posts, and funding deals that all debuted in the last seven days.
The hype may be high, but it’s “absolutely justified,” said Sequoia’s Huang. While models like GPT-3 and DALL-E have been on the market for a short time, Huang’s map was one of the first to really lay out what the applications of the technology could be and where people are already building on it.
The end goal isn’t more whimsical images, but giving humans “superpowers” by having a machine work alongside them.
Read more: Sequoia’s Sonya Huang says the generative AI hype is “absolutely justified”
U.S. efforts to freeze China’s technological progress in key areas may turn out to be about more than just advanced chips, Protocol’s Enterprise team writes.
Quantum computing is being taken very seriously. The U.S. government has clearly been considering the threat of quantum-based attacks, while China has openly placed a high priority on acquiring quantum computers. That’s all despite the fact that quantum computing and the associated threat to encryption are years, possibly even decades, away from commercialization.
A broader tech freeze on China could be crippling for the nation in the long term. It could not only stifle China economically, but also prevent the Chinese government, down the road, from potentially leveraging quantum computers for encryption-breaking cyberattacks.
Read more: A version of this article first appeared in our Enterprise newsletter. Subscribe here.
Many business leaders aren’t sure where to begin when it comes to migrating to the cloud. To help organizations adapt to this revolution, Capital One launched Capital One Software, a new enterprise B2B software business focused on providing cloud and data management solutions.
Elon Musk said the global economic decline could last until the spring of 2024:
Emmett Shear, CEO of Twitch, said there needs to be a “third way” in employment law to classify content creators:
TikTok, Boom premieres Monday on ITVS. The film is about the complexity of tech and social media.
Apple is releasing macOS Ventura and iPadOS 16 on Monday.
The SMPTE Media Technology Summit starts Monday and runs until Thursday in Hollywood.
Meta’s Quest Pro headset goes on sale on Tuesday, starting at $1,500.
Several companies report earnings this week. Alphabet, Microsoft and Spotify report on Tuesday; ServiceNow reports on Wednesday; and Apple, Shopify and Pinterest report on Thursday.
The one-year anniversary of Meta’s rebrand from Facebook is Friday. Going well so far, eh?
The deadline for the Elon Musk vs. Twitter trial is Friday.
The SEC finally agreed to release documents that Ripple says could shed light on the agency’s thinking on crypto as it pursues a lawsuit against the crypto company.
The White House is in talks with Elon Musk about setting up Starlink in Iran to provide internet service to the country.
Evans Hankey, Apple’s VP of industrial design, is leaving three years after taking over from Jony Ive.
Phillips is to cut 4,000 jobs, or about 5% of its workforce, in order to reduce operating expenses.
Facebook is prepared to block sharing of new articles in Canada, over legislation that would force tech companies to compensate domestic media outlets in the country.
There may be a big problem for carbon removal: Capturing 1 billion tons of carbon could essentially require all of the carbon-free energy that’s available today, including nuclear.
Amazon hired Hawaiian Airlines to fly the first Airbus cargo planes in its air network, which will replace its older fleet.
Neuralink delayed its latest demo by a month, surprising essentially nobody.
Lots of companies think they have a clear picture of what the metaverse will look like, but the unifying theme is creating a place for people to gather — and, more to the point, a place where people actually want to gather. Strangely enough, Taylor Swift has cultivated the underpinnings of killer metaverse over the past 15 years, dropping hints and messages throughout album liner notes, music videos, and social-media posts for her network of fans to listen to and discuss all across the internet. And they do it in droves. OK, so Taylor’s metaverse may be missing the digital infrastructure and VR headset. But she’s nailed the part that the likes of Meta are still struggling with.
The flexibility of the cloud helps companies like Capital One unlock access to their data with performance that can scale instantly. But this flexibility and scale can also create a unique challenge for organizations and users who are not proficient in cloud optimization.
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