EnergyInnovationStartups

Startup Pioneers Industrial-Scale Aluminum Power in Zero-Carbon Energy Breakthrough

A Boston startup has activated what it claims is the world’s largest aluminum-powered engine, set to provide heat and hydrogen to a US manufacturing plant. The technology could transform aluminum scrap into a zero-carbon fuel for hard-to-decarbonize industries.

Aluminum Power Breakthrough

A Boston-based clean energy startup is preparing for what sources indicate will be the largest real-world demonstration of aluminum as an industrial fuel source. Found Energy, founded by CEO Godart, has developed technology that rapidly releases energy from aluminum scrap to power manufacturing processes without fossil fuels.

BusinessEnergy

Tesla Q3 Profits Decline Amid Record Revenue and Tax Credit Rush

Tesla’s third-quarter financial results reveal a significant profit decline of 37% despite achieving record revenue of $28 billion. The electric vehicle maker faced increased costs from tariffs and research investments while benefiting from a last-minute surge in buyers seeking expiring tax credits.

Financial Performance Overview

Tesla has reported a notable divergence in its third-quarter financial results, with profits declining significantly despite reaching record revenue levels, according to the company’s latest earnings report. The electric vehicle manufacturer saw revenue climb to $28 billion for the three months ending September, representing a 12% increase compared to the same period last year and setting a new quarterly record for the company.

BusinessEnergyManufacturing

GE Vernova Stock Dips Despite Robust Earnings and Record Backlog – Analysts Spot Opportunity

GE Vernova reported a 12% revenue surge and a 55% jump in orders, yet its shares declined. Experts suggest the sell-off may be temporary, pointing to the firm’s $135 billion backlog and strategic acquisitions.

Earnings Overview and Market Reaction

GE Vernova shares experienced a downturn this week, dropping as much as 7% despite posting stronger-than-expected third-quarter earnings, according to financial reports. The energy equipment manufacturer reportedly saw revenue rise 12% year-over-year to $9.97 billion, surpassing analyst projections of $9.16 billion. Organic revenue growth reached 10%, significantly exceeding estimates, while adjusted earnings per share came in at $1.64, slightly above expectations.