Temasek

Decarbonization Partners Invests in Ascend Elements, a Leading Manufacturer of Sustainable Battery Materials for Electric Vehicles

Retrieved on: 
Wednesday, September 6, 2023
Other Manufacturing, Environment, Technology, EV, Electric Vehicles, Automotive, Finance, Professional Services, Sustainability, Manufacturing, Batteries, Carbon, Acceleration, Partnership, BlackRock, CAM, Venture round, Monolith, Recycling, Ascend, Temasek, Investment, Ammonia, MycoWorks, Silicon, United, Fund, Qatar Investment Authority, Electric battery, Lithium

As part of the investment, a representative of Decarbonization Partners will join Ascend Elements’ board of directors.

Key Points: 
  • As part of the investment, a representative of Decarbonization Partners will join Ascend Elements’ board of directors.
  • Headquartered in Massachusetts, Ascend Elements is the leading provider of sustainable, closed-loop battery materials solutions.
  • From EV battery recycling to commercial-scale production of lithium-ion battery precursor (pCAM) and cathode active materials (CAM), Ascend Elements is revolutionizing the production of sustainable lithium-ion battery materials.
  • Our sustainable lithium-ion battery materials will power EV batteries and accelerate the global transition to zero carbon emissions,” said CEO Mike O’Kronley of Ascend Elements.

Ascend Elements Raises $542 Million to Accelerate Production of U.S.-engineered Lithium-Ion Battery Materials

Retrieved on: 
Wednesday, September 6, 2023
Hydro, Version One Ventures, EV, Mirae Asset Financial Group, CMA, Metal, QIA, CAM, Venture round, BIL, Carbon, DOE, Goldman Sachs, NMC, PULSE, JV, The Writing on the Wall, Tenaska, Temasek, Investment, Qatar Investment Authority, Element, United States Department of Energy, Security (finance), Cryptocurrency, Lithium, Renewable energy, Series

WESTBOROUGH, Mass., Sept. 6, 2023 /PRNewswire/ -- Ascend Elements, a U.S.-based manufacturer of sustainable, engineered battery materials for electric vehicles, today announced it has raised $542 million in new equity investments, including $460 million in Series D investments and $82 million of additional investments from earlier this year. Ascend Elements' Series D round was led by Decarbonization Partners, Singapore-based investment firm Temasek, and Qatar Investment Authority (QIA). Other investors include Tenaska, Alliance Resource Partners, PULSE - CMA CGM Energy Fund, BHP Ventures, Fifth Wall, Hitachi Ventures, Mirae Asset, At One Ventures, Agave Partners, Alumni Ventures and other leading global investors.

Key Points: 
  • Ascend Elements' Series D round was led by Decarbonization Partners , Singapore-based investment firm Temasek , and Qatar Investment Authority (QIA).
  • The $542 million equity financing is one of the largest cleantech private placements in the United States of 2023.
  • Our sustainable lithium-ion battery materials will power EV batteries and accelerate the global transition to zero carbon emissions," said CEO Mike O'Kronley of Ascend Elements.
  • Several peer-reviewed studies have shown Ascend Elements' recycled battery materials perform as well as similar materials made from virgin (or mined) sources while reducing carbon emissions by up to 93%.

d-Matrix Announces $110 Million in Series B Funding to Make Generative AI Commercially Viable with First-of-Its-Kind Inference Compute Platform

Retrieved on: 
Wednesday, September 6, 2023
Software, Technology, Artificial Intelligence, Data Management, LLM, Playground Global, Economics, Corsair, Wigner D-matrix, Temasek, Series, Physics, Architecture, Silicon, TCO, GPU, Cryptocurrency, Medical device, AI

d-Matrix , the leader in high-efficiency generative AI compute for data centers, has closed $110 million in a Series-B funding round led by Singapore-based global investment firm Temasek.

Key Points: 
  • d-Matrix , the leader in high-efficiency generative AI compute for data centers, has closed $110 million in a Series-B funding round led by Singapore-based global investment firm Temasek.
  • This new chiplet-based DIMC platform coming to market in 2024 will redefine the category, further positioning d-Matrix as the frontrunner in efficient AI inference.
  • “The current trajectory of AI compute is unsustainable as the TCO to run AI inference is escalating rapidly,” said Sid Sheth, co-founder and CEO at d-Matrix.
  • With this Series-B funding, d-Matrix plans to invest in recruitment and commercialization of its product to satisfy the immediate customer need for lower cost, more efficient compute infrastructure for generative AI inference.

Verdagy Welcomes Eric Olsen and Vikas Gupta to its Board

Retrieved on: 
Tuesday, August 22, 2023
Hydrogen, HEC, EVP, Rotterdam School of Management, Erasmus University, Electricity, Certified Public Accountant, Investment, Indian Institutes of Technology, Vikas, Shell plc, Product management, University, Organization, MS, Partner, UN, Growth, Shell, Nikon, Methanol, Carbon, Temasek, Product lifecycle, Oorja Fuel Cells, Master of Business Administration, Materials science, Rotterdam School, Technical, Operation, Human resources, University of Colorado Denver Business School, Agriculture, United States Department of Energy, First Solar, Lafarge, Wind, Business administration, Executive Committee, CPA, University of British Columbia, CGI, DS Smith, Management, Renewable energy, Fortera Stadium, Quantum dot solar cell, Finance, Holcim

Moss Landing, Calif., Aug. 22, 2023 /PRNewswire/ -- Verdagy, a pioneer in advanced alkaline water electrolysis electrolyzer technologies for large-scale industrial applications, today announced new appointments to its Board of Directors. Aliaxis' CEO Eric Olsen and Shell Ventures' Partner Vikas Gupta are joining the Verdagy board during a period of rapid growth, as the company deploys its innovative technology in response to the Department of Energy's goal of $2/kg of levelized cost of hydrogen by 2026.

Key Points: 
  • Aliaxis' CEO Eric Olsen and Shell Ventures' Partner Vikas Gupta are joining the Verdagy board during a period of rapid growth, as the company deploys its innovative technology in response to the Department of Energy's goal of $2/kg of levelized cost of hydrogen by 2026.
  • "Both Eric and Vikas have deep knowledge in the global transition to clean energy, and their perspectives will be valuable as we commercialize and scale our technology."
  • We have the chance to make a significant impact in the world," said Eric Olsen, Aliaxis CEO.
  • I am honored to join Verdagy's board to accelerate their development, scale up their activities and decarbonize industries," said Vikas Gupta, Partner at Shell Ventures.

Roc360 Announces Additional Capital Sources

Retrieved on: 
Monday, August 14, 2023
REIT, Entrepreneurship, Temasek, Partnership, Real estate

NEW YORK, Aug. 14, 2023 /PRNewswire/ -- Roc Capital Holdings LLC ("Roc360", the "Company"), a vertically integrated platform for residential real estate investors and a leading originator of business-purpose loans, and Temasek, a global investment company headquartered in Singapore, today announced the launch of Roc360 Real Estate Income Trust Inc ("Roc360 REIT").

Key Points: 
  • NEW YORK, Aug. 14, 2023 /PRNewswire/ -- Roc Capital Holdings LLC ("Roc360", the "Company"), a vertically integrated platform for residential real estate investors and a leading originator of business-purpose loans, and Temasek, a global investment company headquartered in Singapore, today announced the launch of Roc360 Real Estate Income Trust Inc ("Roc360 REIT").
  • The externally managed mortgage REIT will invest in business purpose loans for residential real estate investment properties principally originated by Roc360.
  • The formation of the Roc360 REIT establishes Roc360's presence as an asset manager, which will enable the Company to further diversify its base of committed capital to enhance the certainty of capital for its borrowers.
  • "As demand for our assets has increased, we view the Roc360 REIT as an opportunity to secure more funding for our customers by diversifying our range of capital sources," said Arvind Raghunathan, Ph.D., Roc360 Founder and Chief Executive Officer.

Caelux Announces $12M to Fund Next-Generation Solar Innovation with Perovskite Technology

Retrieved on: 
Monday, August 14, 2023
Solar energy, Silicon, Temasek, Research, Glass, Khosla Ventures, Renewable energy

PASADENA, Calif., Aug. 14, 2023 /PRNewswire/ -- Caelux, a pioneer in utilizing perovskites to make solar energy more powerful and cost-effective, enabling the next generation of solar innovation, today announced the closure of a $12M Series A3 funding round led by Temasek, a global investment company, with participation from Reliance New Energy Limited, Khosla Ventures, Mitsui Fudosan, and Fine Structure Ventures.

Key Points: 
  • Our advances in perovskite technology represent a seismic shift in the solar energy industry, providing more powerful, efficient, and cost-effective solar solutions," said Scott Graybeal, CEO of Caelux.
  • "This investment will support our mission to usher in the next generation of solar innovation, including our production of full-size perovskite sub-modules.
  • "Caelux is unlocking the promise of perovskite solar cells," said Shyam Kamadolli, Managing Director at Fine Structure Ventures.
  • We are thrilled to be working with Caelux to shape the solar energy industry and drive sustainable energy solutions for a better tomorrow."

Verdagy secures Series B funding led by Temasek and Shell Ventures

Retrieved on: 
Tuesday, August 8, 2023
SunPower, SmartCell Technology, Solid oxide electrolyzer cell, Hydrogen, MOSS, Fortera Stadium, Watt, Steel, Movement, Wind, Membrane, Renewable energy, CAPEX, Temasek, Ammonia, Series, Knowledge, Tesla, Investment, BlueScope, Electric battery

MOSS LANDING, Calif., Aug. 8, 2023 /PRNewswire/ -- Verdagy, a pioneer in scaling electrolyzer technologies for industrial markets, today announced the closing of a $73-million Series B funding round. Temasek and Shell Ventures co-led the Series B round, with participation from new global investors Bidra Innovation Ventures, BlueScope, Galp, Samsung Venture Investment, Toppan Ventures, Tupras Ventures, Yara Growth Ventures and Zeon Ventures.

Key Points: 
  • Temasek and Shell Ventures co-led the Series B round, with participation from new global investors Bidra Innovation Ventures, BlueScope, Galp, Samsung Venture Investment, Toppan Ventures, Tupras Ventures, Yara Growth Ventures and Zeon Ventures.
  • "Verdagy is rising to the challenge to accelerate the green hydrogen economy and decarbonize hard-to-abate sectors such as steel and ammonia production," said Vikas Gupta, Partner at Shell Ventures.
  • "The management team has a successful track record in scaling climate technologies from megawatts to gigawatts and they are committed to achieving the same at Verdagy."
  • "Verdagy is at an inflection point - going from proven technology to commercialization stage," said Amar Singh, Head of Group, Bidra Innovation Ventures.

Newlight Completes US$125M In New Equity Round Led by GenZero

Retrieved on: 
Thursday, August 3, 2023
Carbon, Life, Atmosphere, Oxygen, PHB, Direct air capture, Research, Cell, DAC, US, Temasek, Climate change, Investment, Oxy, Methane, Growth, Climate, Greenhouse, CO2, CNG, Natural gas, Renewable energy, Occidental, Newlight Technologies, Stratos

HUNTINGTON BEACH, Calif., Aug. 3, 2023 /PRNewswire/ -- Newlight Technologies, Inc., a leader in decarbonization technology using natural microorganisms to convert greenhouse gas into high-performance AirCarbon®-based materials, today announced the completion of an equity investment round led by GenZero totaling US$125 million.

Key Points: 
  • HUNTINGTON BEACH, Calif., Aug. 3, 2023 /PRNewswire/ -- Newlight Technologies, Inc., a leader in decarbonization technology using natural microorganisms to convert greenhouse gas into high-performance AirCarbon®-based materials, today announced the completion of an equity investment round led by GenZero totaling US$125 million.
  • "This capital round represents an inflection point for Newlight, where we have the opportunity to build on 20 years of research, development, and commercialization, and expand biological decarbonization at large scale," said Mark Herrema, CEO of Newlight.
  • "It is an important milestone for Newlight, and we are tremendously excited about the path ahead."
  • We look forward to supporting Newlight as they work to unlock new value from CO2 while addressing climate change."

Newlight Completes US$125M In New Equity Round Led by GenZero

Retrieved on: 
Thursday, August 3, 2023
Carbon, Life, Atmosphere, Oxygen, PHB, Direct air capture, Research, Cell, DAC, US, Temasek, Climate change, Investment, Oxy, Methane, Growth, Climate, Greenhouse, CO2, CNG, Natural gas, Renewable energy, Occidental, Newlight Technologies, Stratos

HUNTINGTON BEACH, Calif., Aug. 3, 2023 /PRNewswire/ -- Newlight Technologies, Inc., a leader in decarbonization technology using natural microorganisms to convert greenhouse gas into high-performance AirCarbon®-based materials, today announced the completion of an equity investment round led by GenZero totaling US$125 million.

Key Points: 
  • HUNTINGTON BEACH, Calif., Aug. 3, 2023 /PRNewswire/ -- Newlight Technologies, Inc., a leader in decarbonization technology using natural microorganisms to convert greenhouse gas into high-performance AirCarbon®-based materials, today announced the completion of an equity investment round led by GenZero totaling US$125 million.
  • "This capital round represents an inflection point for Newlight, where we have the opportunity to build on 20 years of research, development, and commercialization, and expand biological decarbonization at large scale," said Mark Herrema, CEO of Newlight.
  • "It is an important milestone for Newlight, and we are tremendously excited about the path ahead."
  • We look forward to supporting Newlight as they work to unlock new value from CO2 while addressing climate change."

VCI Global Collaborates With Treasure Global Inc To Develop AI-Powered Travel Platform To Tap On USD1 Trillion Digital Economy

Retrieved on: 
Wednesday, July 19, 2023
50/50 (2011 film), Partnership, Travel, Research, European Conservatives and Reformists Group Executive, Temasek, Artificial intelligence, Knowledge, Growth, Bain & Company, TGL, AI, Tourism

The platform is designed to break down language barriers as well by providing built-in translation function.

Key Points: 
  • The platform is designed to break down language barriers as well by providing built-in translation function.
  • TGL and VCI Global have agreed to share profits generated from this collaboration on a 50:50 basis.
  • A research conducted by Google, Temasek, and Bain & Company revealed that the value of Southeast Asia’s digital economy can reach USD1 trillion by 2030.
  • I am very confident that this AI-powered travel platform will act as a growth catalyst for Malaysia’s tourism industry.