Climate Tech

Data center load growth drove PJM capacity prices up from a baseline of $29 per megawatt-day, while local resistance to infrastructure projects intensified in Texas. US battery startups 24M Technologies and Natron Energy closed amid a severe industry downturn in 2026, contrasting with critical minerals policy shifts in Africa and the US. International climate compliance faced challenges as over 60 countries missed Paris Agreement planning deadlines, while drought and conflict threatened water supplies in Kenya and Iran. Key Takeaways: • The independent market monitor for PJM Interconnection identified data center load growth as the primary driver for skyrocketing electricity prices, with capacity prices surging from $29 per megawatt-day. • The US battery industry is experiencing a severe downturn in 2026, highlighted by the shutdown of 24M Technologies and the closure of sodium-ion leader Natron Energy. • Significant local resistance to climate-tech and digital infrastructure projects is occurring across the United States, including an anti-battery campaign in Texas that ousted a county commissioner.