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Last Week in ConTech — 9June 2025
- A study found that construction projects often face runaway costs and delayed timelines, with projects costing 40% more than expected and taking 2 years longer to complete.
- The rate of cost overruns has been decreasing since 1976, but outcomes differ based on fuel sources, raising concerns about global nuclear ambitions.
- There are diseconomies of scale in energy infrastructure projects exceeding 1,561 megawatts in capacity, leading to higher cost escalation risks.
- Skilled worker shortages add to cost and schedule pressures in the construction industry, potentially slowing progress towards electrification.
- Market dynamics, skilled labor shortages, and funding challenges may hinder infrastructure development, leading to higher energy costs but creating opportunities for startups.
- Investments in grid technology and construction robotics are increasing, offering solutions to reduce costs and delays in energy infrastructure delivery.
- Several startups like Handoff AI, GeotechnicalInfinityStudio.AI, and REplace secured funding for streamlining operations in construction management, geotechnical engineering, and land development.
- Companies like Swap Robotics, Projectworks, and Automated Architecture received funding for robotics, project management, and industrialized construction solutions.
- The White House announced tech-focused permit reforms, while California legislators are close to revamping an environmental law after 50 years.
- Various developments in energy infrastructure, construction, and technology were observed globally, including anti-solar bills in Texas, energy-efficient building codes in Colorado, and investment risks for different energy sources.
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