I did a little poking around on the internet and easily found what I expected. Much like in Texas and other red states, investment in renewable energy is simply logical.Despite the family network's history of lobbying against climate initiatives, Koch-affiliated entities have strategically invested in the renewable energy sector, particularly in battery technology and solar. The motivation for these investments is not ideological but economic, with subsidiaries aiming to capitalize on market transitions and potential government subsidies. Koch Industries' investments in renewablesBatteries and electric vehiclesFreyr Battery SA: KSP invested $115 million in this battery company in 2022, becoming its largest outside holder.Eos Energy Enterprises, Inc.: KSP made a $100 million investment in convertible notes in 2021 to support the company's zinc-powered energy storage systems.Battery supply chain: Koch Industries has made multiple other investments in the U.S. battery supply chain, including in companies like Aspen Aerogels and Standard Lithium. Solar powerGameChange Solar: In 2021, KSP invested $150 million in this company, which designs and manufactures solar panel racking systems.DEPCOM: Koch Engineered Solutions acquired this utility-scale solar project company in 2021. BiofuelsEthanol production: In 2010, a Koch Industries unit began acquiring ethanol plants, becoming a major U.S. producer of the biofuel. These acquisitions took place during a market downturn, allowing Koch to acquire the facilities at a lower cost.Renewable fuel oil: Koch has also invested in technologies to make renewable fuel production more efficient. Strategic context of investmentsKoch's entry into the renewable market is a calculated strategy that allows the company to hedge against a shifting energy market, a stark contrast to its lobbying against government clean energy initiatives. Financial hedging: Koch has been criticized for fighting clean energy legislation while simultaneously acquiring renewable companies that stood to benefit from the same policies if they passed.Market opportunity: Koch has a history of acquiring assets in industries it previously opposed, especially during market downturns, to profit from long-term trends.Leveraging capabilities: The company also views these investments as a way to leverage Koch's existing industrial capabilities in new energy technologies. Lawrence Rhodes -------------- next part -------------- An HTML attachment was scrubbed... URL: <http://lists.evdl.org/private.cgi/ev-evdl.org/attachments/20250916/ed2a802c/attachment.htm> _______________________________________________ Address messages to [email protected] No other addresses in TO and CC fields HELP: http://www.evdl.org/help/
