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and Canada, three major nuclear markets, all signaled growing support for SMRs in the closing weeks of 2020. Canada, for example, launched a 27-point SMR national action plan to demo and deploy the technology, update regulations, create employment and exploit foreign market opportunities. NuScale is intending to bid for 2.5
The world needs to expand global nuclearpower generation to help curb global carbon emissions. We simply can’t have major nuclear incidents such as those that took place at Chernobyl, Ukraine and Fukushima, Japan. In the history of nuclearpower, there have been few serious incidents.
Clean electricity generation received the most (39%), followed by distributed energy resources (24%), EV purchases (18%), manufacturing (16%), then emerging climate technologies (<1%). Confounding factors like interest rates, permitting and interconnection kept clean electricity deployment rates at their lowest since 2018.
🚗 DeepDrive, a Munich, Germany-based electric motor manufacturer, raised $34m in Series B funding from Leitmotif, BMW i Ventures, Bayern Kapital, UVC Partners, Continental, and co-pace. The project will add 800 MW of nuclearpower to the grid and create 1,000 construction jobs and 300 permanent positions.
Just last week, the UK Government laid out its plan to quadruple nuclearpower by 2050 and China approved construction for four new reactors. 🛵 LAND , a Cleveland, OH-based electric battery manufacturing, raised $3m in Series A funding from Nunc Coepi Ventures. Can’t get enough deals? Although 1.5% of the U.K.’s
🔋 Renewables + storage turned out to be price competitive against fossil fuels after Lazard’s Levelized Cost of Electricity analysis included intermittency costs for the first time. Proterra, the dominant electric bus maker, was just one high profile example. ☢️ US nuclearpower saw mixed results.
It’s a superior electricity conductor, which makes it fundamental to power cables and wires, transformers and inverters, electrical motors, and photovoltaic cells. 🚗 Snap-E Cabs , a Kolkata, India-based electric cab service provider, raised $2m in Seed funding from Inflection Point Ventures.
Early-Stage ⚡ Blue Energy , a New York City, NY-based modular nuclearpower plants developer, raised $45m in Series A funding from At One Ventures, Engine Ventures, Angular Ventures, Nucleation Capital, Propeller Ventures, and other investors. Can’t get enough deals? Fervo's Cape Station.
Plus, Amazon has signed an MOU with Dominion Energy to explore building an SMR near the company's North Anna nuclearpower plant in Virginia. Amazon said it will deploy 5GW of nuclearpower through SMRs by 2039. The deal is reportedly the first corporate agreement to buy electricity from multiple SMRs.
See full listings and deal analytics on Sightline Climate Request a Sightline Climate demo In the News Hertz announced plans to sell a third of its U.S. Meanwhile, nuclear demand heightened with the UK Government laying out its plan to quadruple nuclearpower by 2050 to 24GW and China approving construction for four new reactors.
In deals, $550m for sustainable data centers, $500m for electric vertical take-off and landing services, and $471m for EV manufacturing platforms. 🛵 ZEVO , a New Delhi, India-based electric vehicle-as-a-service platform, raised $2m in Seed funding from BizDateUp, JIIF, and Pegasus India Fund.
Award winners took a broad swath of color approaches, from green hydrogen powering heavy-duty trucks and port operations, to pink nuclear-powered hydrogen, and blue hydrogen (natural gas with carbon capture) in the Appalachian Hub. of global electricity. to $86.83 / barrel.
🛵 Cowboy , a Brussels, Belgium-based electric bike manufacturer, raised $6m from Cypress Capital, Exor, Future Positive Capital, HCVC and Isomer Capital. 🚢 Photon Marine , a Portland, OR-based electric outboard motors manufacturer, raised an undisclosed amount from Ideaship.
As these delays pile up, the risk of gridlock grows — threatening to short-circuit load growth and power down grid reliability. What happened We’ve said it before, but it bears repeating: After years of stagnation, US electricity demand is surging — driven by data centers, manufacturing, and electrification.
This is in part due to the unique characteristics of data centers: Massive, consistent power plays with clean energy mandates: Data centers require 24/7 electricity, while tech companies have committed to carbon-neutral or carbon-free electricity targets. Key takeaways US energy majors go big on gas.
In the US , a 2023 Pew Research Center survey shows 57% of Americans favor nuclearpower, a 14% increase over 2020. Italy installed its National Platform for Sustainable NuclearPower in September. The committee will draft a plan to reintroduce nuclear for the first time since 1990.
✈️ ZeroAvia , a Hollister, CA-based electric plane developer, raised an additional $34m in Series C funding from Scottish National Investment Bank, American Airlines, IAG, and ITOCHU Corporation. Over in Europe, Poland announced a $15.6bn investment to develop the country’s first nuclearpower plant.
Nuclearpower can play a significant role in the long-term, as it’s a top priority for industry and the US government, but it won’t solve short-term supply constraints. CERAWeek is now as much a power conference as it is an oil and gas gathering, with AI and data centers dominating discussions.
🛵 Zypp Electric , a Gurgaon, India-based last-mile delivery EV rental service, raised $7m in Series C funding from ENEOS, 9Unicorns, Ajay Kumar Aggarwal, Anthill Ventures, Eiman Abdullah, and other investors. This tanker is using wind-powered sails to breeze through lowering emissions.
🛵 Revel , a Brooklyn, NY-based urban electric micro mobility manufacturer, raised $60m in Debt funding from NY Green Bank. ⚡ Stormfisher , a Toronto, Canada-based hydrogen-based fuel producer, raised $50m in Project finance from Hy24. Can’t get enough deals?
✈️ ePlane , a Limassol, Cyprus-based electric flying taxi developer, raised $14m in Series B funding from Antares Ventures, Speciale Invest, Anicut Capital, Javas Venture, Micelio Fund, and other investors. Can’t get enough deals? See full listings and deal analytics on Sightline Climate.
⚡ VEIR , a Woburn, MA-based superconductors electricity transmission manufacturer, raised $75m in Series B funding from Munich Re Ventures, Breakthrough Energy Ventures, Congruent Ventures, Dara Holdings, Engine Ventures, and other investors. Big (atomic) apple: New York released its plan for advanced nuclear energy.
FERC oversees everything from interstate electricity and natural gas transmission to wholesale energy markets and big-ticket infrastructure like pipelines and LNG terminals. With rising electricity demand from electrification and AI , grid reliability concerns are mounting. Why it matters FERC is at the eye of the energy storm.
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