Brutal times for the US battery industry
Just a few years ago, the battery industry was hot, hot, hot.
What’s Happening
Listen up: Just a few years ago, the battery industry was hot, hot, hot.
There was a seemingly infinite number of companies popping up, with shiny new chemistries and massive fundraising rounds. My biggest problem was sifting through the pile to pick the most exciting news to cover. (wild, right?)
That tide has turned, and in 2026, what seems Just a few years ago, the battery industry was hot, hot, hot.
The Details
That tide has turned, and in 2026, what seems to be in unlimited supply isn’t battery success stories but stumbles or straight-up implosions. Companies are failing, investors are pulling back, and batteries, especially for EVs, aren’t looking so hot anymore.
On Monday, Steve Levine at The Information (paywalled link) reported that 24M Technologies, a battery company founded in 2010, was shutting down and would auction off its property.
Why This Matters
Tech companies have been making moves like this as competition heats up.
This is part of the broader shift happening across the tech industry right now.
The Bottom Line
This story is still developing, and we’ll keep you updated as more info drops.
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