renewable energy

Elon Musk and Donald Trump are embroiled in a public feud, fueled by policy disagreements, ego, and potential betrayal. The spat revolves around the “Great and Beautiful Act,” which impacts renewable energy incentives, clashing with Musk’s business interests. Accusations, veiled threats, and personal attacks dominate this unfolding drama, raising questions about the future of their relationship and political landscapes.

Elektros Inc. (OTC PINK: ELEK) saw its stock price surge 344% following a potentially significant lithium discovery in Sierra Leone. The company’s exploration targets a West African lithium deposit amid growing demand for the mineral in the EV and renewable energy sectors. CEO Shlomo Bleier highlighted the discovery’s strategic importance, positioning Elektros Inc. for future growth. The company focuses on sustainable energy solutions, aiming to meet increasing global demand for lithium.

Europe’s rapid solar expansion is paradoxically causing power price crashes and grid instability. Spain’s solar capture rate plummeted to 7% in May 2024 due to overcapacity, forcing operators to curtail generation after April’s grid collapse. Similar trends emerged in France (13% capture rate) and Germany (30%), as falling panel costs spur installations while storage infrastructure lags. The mismatch between daytime surplus and evening shortages triggers price volatility, threatening renewable energy investments and EU climate goals. Analysts warn that addressing these challenges requires redesigning energy markets and upgrading grids to balance variable solar output.