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And the lithium-ion batteries that supply 99 percent of new storage capacity today get very expensive if you try to stretch them out over many hours. This dates from way before lithium-ion’s heyday, and still provides some 95 percent of U.S. The problem is, no clear winner has emerged to play that long-duration role.
Unlike a flammable lithium ion battery, though, this one is perfectly stable, free to use, and ripe for sustainable exploitation: the Earth itself. I really don’t think there’s any more efficient or better way to heat and cool our homes.” The project in Framingham, then, could be the start of something big.
The Greentown Labs community continues to grow and we’re excited to introduce you to the 16 climatetech startups that joined our Boston and Houston incubators in the first months of 2021! Blue Line Battery designs and manufactures more accessible, more efficient, lithium-ion power batteries for industrial applications. Electricity.
Heating and cooling buildings accounts for about a third of the final energy consumption globally and 30% of energy-related CO 2 emissions. With global temperatures rising, the need for cooling is expected to increase dramatically in the next few years. Heating and cooling buildings is 80% of that energy used.
💨 Private equity and O&G bet big on climate tech’s next frontiers: DAC and lithium. Blackrock injected $550M into Oxy’s DAC plant and ExxonMobil unveiled its first-ever lithium mining operation. ❄️ Macro market cools climate tech venture. 👻 Spooky season for clean energy stocks.
Other 🔋 Northvolt , a Stockholm, Sweden-based lithium-ion battery manufacturer, raised €902m ($986m) in Grant and Debt funding from The European Commission. A cool $500M Stanley Cup , icing down to save the glaciers. The inconvenient truth – clean energy requires trade with China.
Amazon will also lead the $500m C-1 round of X-energy, which is developing High Temperature Gas-cooled Reactors (HTGR) SMRs. Kairos is developing the “ Kairos Power fluoride salt-cooled high-temperature reactor (KP-FHR) ,” a novel advanced reactor technology.
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. NeoCharge is also an Alumni of the Los Angeles Cleantech Incubator and is active in the Wells Fargo IN2 Incubator.
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