clean tech

clean tech

Los Angeles' City Council adopted an ambitious maritime resolution last week that calls on top importers like Walmart, Dole, Nike, Amazon and Home Depot on 100% zero-emissions ships by 2030, even though the technology doesn't yet exist.

Idling ships sitting off the San Pedro Bay Coast have captured national attention as a symbol of broken supply chains, but those ships are also big polluters.

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Rivian, the electric vehicle maker backed by Amazon and Ford, raised nearly $12 billion in its closely watched IPO on Wednesday. Trading is slated to kick off shortly, and shares have been priced at $78, above the earlier $72-to-$74 range set by the company.

With hardly any revenue, big losses, and a waiting list that stretches to the end of 2023, here are five things you should know about the Irvine-based company, as its implied valuation tops $77 billion.

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Laura Schwab knew she would be taking a risk by joining Rivian, the Irvine-based electric vehicle startup.

The company was in a race with Ford, Tesla and General Motors to have the first mass-market, all-electric pickup truck to market. Schwab was tasked with effectively building Rivian's sales and marketing operations from scratch, less than a year before the first orders for their R1T electric pickup truck were supposed to be met — all for a lower salary than what she'd earned in stints at Aston Martin of the Americas and Jaguar Land Rover North America.

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