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Several floors below the firm’s balcony, power lines crisscross over piles of garbage, a fleet of rickshaws and cow patties on a rooftop, being dried for cooking fuel. ” Rapid growth in India’s renewable energy sector is driving demand for new technologies to modernize the country’s power sector.
ConnectDER, a startup with a smart meter socket device that’s been deployed in the thousands by select U.S. utilities to support distributed solar, has closed a $7 million series B round round to help roll out a new version of its system targeting behind-the-meterbatteries and plug-in electric cars.
energy storage industry capped off its biggest year of installations with its largest single quarter in Q4. energy storage installation topped 522.7 megawatt-hours in the fourth quarter, according to the newly released Energy Storage Monitor , produced by Wood Mackenzie and the Energy Storage Association.
Aquacycl, Kitu Systems, and Nuvve Complete Southern California Energy Innovation Network (SCEIN) Program. SAN DIEGO, CA, October 25, 2021 – Cleantech San Diego today announced the graduation of local clean energy companies Aquacycl , Kitu Systems , and Nuvve from its Southern California Energy Innovation Network (SCEIN).
Converting a fleet from fossil-fueled to electric is a lot more complicated than simply buying new vehicles. The electric cars, trucks and buses need carefully scheduled charging to ensure they have sufficient fuel for their duties. Cleantech Incubator. Shao quickly raised $3.8 Grid-savvy approach to EV fleets.
GreenCom Networks, the Internet-of-things platform provider that’s become a go-to for major European utilities to control solar panels, batteries, electric vehicle chargers and smart home energy loads, has landed another funding round with two new strategic investors that could open new markets. million customers.
Exceedingly few batteries actually live up to the vision of “storing clean power for when the sun isn’t shining.” This year, finally, big renewables projects with batteries attached closed deals and even entered operations. California leads the nation in putting batteries to work for a decarbonizing grid.
EDF Renewables has acquired PowerFlex Systems , a California startup with technology to manage one of the biggest challenges for scaling up electric vehicle charging: controlling the loads that lots of EVs charging at once can place on the power infrastructure of the sites hosting the chargers. European acquisition spree.
10, 2021 — Greentown Labs , the largest climatetech startup incubator in North America, today announced Stanley Black & Decker (NYSE: SWK) as its newest Terawatt Partner—the highest level of engagement with the incubator. Somerville, Mass., Dina Routhier, President of Stanley Ventures, will serve on the Advisory Board for 2021.
Our energy grid was built around centralization. But as renewable energy sources such as solar and wind gain traction, the grid needs to adapt to include an array of components. Microgrids are smaller networks that use local energy sources. Photo courtesy of Heila Technologies.
Meanwhile, the zone attracts other high-tech enterprises to settle in, forming a comprehensive base of efficient technology incubation, integration of production and research, headquarters platform and advanced manufacturing workshop. Advanced Manufacturing. Scientific Research Strength. Smart Manufacturing.
You’ll also learn about key technology areas that are driving momentum to equitably tackle the climate crisis, and explore the plentiful opportunities for everyone to be a part of the energy transition that’s already unfolding. Read more about the expansion announcement here in the Boston Business Journal. in Somerville, MA!
Digitalisation is still a novel concept to many industries as well as some areas of the energy sector. Unlike many, however, there is an aspiration to transition away from its legacy large infrastructure to a whole new era of plug-and-play, cutting edge incubation of new business models.
The UK-India collaborative initiative Innovating for Transport and Energy Systems (ITES) has announced its first intake of 20 cohorts to drive transport decarbonisation through diverse cleantech innovations. The company has developed proprietary algorithms that optimise energy consumption, improving efficiency and productivity.
Greentown Houston’s 2024 Climatetech Summit was an immersive deep dive into the region’s groundbreaking climatetech startups, areas of strength and opportunities for growth in its energy-transition leadership, the landscape of corporate and financing partners, and more. This is the place for promising solutions.”
Next-generation battery recycling. Governor Healey and Kevin then passed the mic to a panel of startups and corporates that have been part of Greentown Go —Greentown’s accelerator that advances startup-corporate partnerships to drive climatetech deployment and commercialization. Community-scale wind turbines.
Heating and cooling buildings accounts for about a third of the final energy consumption globally and 30% of energy-related CO 2 emissions. Celsius Energy aims to contribute to solving this energy dilemma by providing shallow geothermal heating and cooling systems, thus reducing the carbon footprint of buildings.
In April, CSX debuted its first hydrogen-powered freight locomotive; in May, Alstom was recognized by Fast Company for its first H2-powered Canadian passenger train; and in June, Stadler delivered in California the first hybrid hydrogen and batteryelectric passenger train meeting Federal Railroad Administration (FRA) regulations.
Since the IRA passed, 265 clean energy and manufacturing projects worth $100B+ have been announced. 🏦 The Loans Program Office kept busy. conditional commitment to Ford’s battery manufacturing program. Proterra, the dominant electric bus maker, was just one high profile example.
Strategic investors already secured include the EU-backed incubator and investor EIT InnoEnergy. The ambition is similar to that of Swedish greenfield battery manufacturer Northvolt. The battery maker has developed a full-scale greenfield manufacturing business in less than five years of operations. billion ($3.04
In fact, late-stage and growth investments in climate tech saw a greater dropoff than the market as a whole, potentially exacerbated by the relative capital-intensity of the physical asset climate tech businesses. Growth investors already picked their horses: Investors made their biggest bets in 2021 and 2022. TPG Rise Climate.
Earnings season is here, and we read through the energy majors’ earnings report calls from last week so you don’t have to — and learned about the progress, and direction, of the energy transition. Shell: Shell reported higher quarterly profits, as its liquified natural gas (LNG) business did well.
Annual Southern California Energy Innovation Network Showcase Event Being Held November 9. SCEIN is an incubator program for clean energy startups based in San Diego, Riverside, San Bernardino, and Imperial counties that are developing technologies to help California meet its clean energy goals.
We’re diving into Amazon’s new deal with X-energy, where it’s paying prime for next decade delivery. In other news, the courts say that the EPA can regulate power plant emissions (for now), global EV sales drive ahead, and Brazil introduces new regulation for CCS as the sector grows. What happened?
In other news, Hertz shifts gears on its EV strategy, Kerry steps down from his climate envoy post, and AI helps discover promising new battery materials. Saudi Arabian ACWA Power outlined a $4bn green hydrogen and ammonia facility in Egypt that could produce up to 600,000 tons of green ammonia per year. Want more deals?
Giddy up — we’re going carbon cowboy this week with a deep dive into CarbonCapture’s decision to suspend its planned DAC facility, Project Bison, amid competition for clean energy from data centers. In deals, $542m across three new funds, plus $87m for lithium ion cells, and $82m for battery components.
Now, it is where key stakeholders are concentrating efforts to expand their work on the “Energy Internet,” or the deep integration of energy and information technology, which was identified as a strategic focus area in China’s 13 th Five-Year Plan. Credit: New Energy Nexus). Despite the ongoing U.S.-China
This month, we’re talking about partnerships between automakers and electric vehicle charging companies, the recent rolling blackouts in California, and why cleantech investing today may fare better than a decade ago. Credit: GM Authority Automakers Paying for Electric Vehicle Charging Infrastructure?—?Fool’s Well, yes and no.
US daylight saving changes, Qatari recycling islands, and Dutch offshore wind farms, all feature in this week's round up of green business news from around the world. Campaigners maintain the move could improve health, boost economic activity, and lead to lower energy demand and carbon emissions.
This week brings two great examples with LanzaJet’s new SAF facility in Georgia and H2 Green Steel’s plant in Sweden, both layering different kinds of capital, each derisking the next to build their first commercial facilities. Thanks for reading! Not a subscriber yet? Philanthropy.
How business can lead the way. Kate Brandt , Google’s Lead for Sustainability, emphasized how businesses can lead the way in promoting a “circular economy” that’s more than just a buzzword. Google, the largest corporate non-utility buyer of renewable energy in the world, is well positioned to lead the way. The company’s vision?
The US grid got its first new nuclear power in nearly seven years last week. Plant Vogtle began commercial operations from the first of two new reactors, but the over-budget and years-delayed project could be the last hurrah for big nuclear construction in America. Happy Monday! Not a subscriber yet?
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