Climate Capitalism

Inlyte Energy Raises $8M to Develop Grid Batteries Made of Iron and Salt

Retrieved on: 
Thursday, October 26, 2023
Climate Capitalism, ARPA, Economics, Beta, Wind, Nickel, Clean technology, Inflation Reduction Act of 2022, Partnership, Stanford University, Lawrence Berkeley National Laboratory, Safety, Orangi Pilot Project, Inflation, Investment, Version One Ventures, Activate, SAN, Iron, Lithium, Renewable energy, Electric battery

Although solar and wind are now more economical energy sources than fossil fuels, the challenge of affordable energy storage remains a hurdle.

Key Points: 
  • Although solar and wind are now more economical energy sources than fossil fuels, the challenge of affordable energy storage remains a hurdle.
  • An electrical grid powered by intermittent renewables like wind and solar requires massive investments in energy storage technologies.
  • Iron and salt batteries, unlike lithium-ion batteries, can also operate in extreme heat or cold, making them well suited for locations with increasingly high temperatures.
  • Inlyte's iron and salt batteries also have another significant advantage over other batteries: they are incredibly safe, with no risk of fire.

Bedrock Energy Raises $8.5M to Decarbonize Commercial Real Estate with Geothermal Energy

Retrieved on: 
Wednesday, October 11, 2023
Partnership, University of Texas at Austin, Bedrock, Economics, Carbon, Built environment, Education, HVAC, Software, Baker Hughes, Climate Capitalism, Physics, Renewable energy, The Cantos

LOS ANGELES and AUSTIN, Texas, Oct. 11, 2023 /PRNewswire/ -- Bedrock Energy, a technology startup that designs, constructs, and delivers geothermal heating and cooling systems, today announced $8.5M in seed capital. The financing round is led by Wireframe Ventures, with participation from Overture Climate VC, Long Journey Ventures, Cantos, Toba Capital, First Star Ventures, Divergent Capital, and Climate Capital. The funding will accelerate manufacturing and deployment of technologies that improve the economics of all-electric geothermal HVAC systems, thus helping real estate properties achieve Net Zero operations.

Key Points: 
  • The funding will accelerate manufacturing and deployment of technologies that improve the economics of all-electric geothermal HVAC systems, thus helping real estate properties achieve Net Zero operations.
  • Bedrock is developing a novel technology stack that combines autonomous drilling and advanced subsurface modeling to triple the speed and space-efficiency of geothermal projects.
  • These advantages enable geothermal HVAC to fit onto dense, urban locations, with sensors that uniquely validate real-time construction accuracy.
  • Payback periods under five years enable real estate owners and investors to decarbonize large properties with double-digit internal rates of return.

Pow.Bio Raises $9.5M to Deploy Intelligent Continuous Fermentation Technology to Enable the Future of Biomanufacturing

Retrieved on: 
Wednesday, October 4, 2023
Software, Research, Professional Services, Venture Capital, Technology, Artificial Intelligence, Other Manufacturing, Science, Chemicals, Plastics, Biotechnology, Manufacturing, Health, Hitachi, Food, Emperor, Shannon Hall, Climate Capitalism, Fermentation, Partner (business rank), Vector, Parity, ISelect, Frustration, SynBio, Synthetic biology, Economics, Cryptocurrency, Video game, The Cantos, Bioproduction

Pow.Bio’s goal is to unlock the economic viability of sustainable biomade products by significantly driving down the high costs associated with biomanufacturing.

Key Points: 
  • Pow.Bio’s goal is to unlock the economic viability of sustainable biomade products by significantly driving down the high costs associated with biomanufacturing.
  • The simple fact is that synthetic biology companies today are unable to manufacture products at a price that can displace unsustainable petrochemical or animal derived alternatives.
  • “Early on, we identified continuous fermentation as a necessity to enable cost-competitive, sustainable food production,” said Peter Odemark, co-founder and Managing Partner at Gullspång Re:food.
  • Many in this space blame the challenge of cost effective manufacturing on a lack of commercial scale fermentation capacity.

Lowercarbon Capital and Gradient Ventures Invest $9M in Quilt for Advanced Residential Heat Pump System

Retrieved on: 
Tuesday, May 16, 2023
Consumer Electronics, Technology, Sustainability, Socially Responsible Investing, Other Construction & Property, Building Systems, Residential Building & Real Estate, Construction & Property, Environment, Small Business, Other Energy, Finance, Green Technology, Interior Design, Alternative Energy, Energy, Professional Services, Artificial Intelligence, Other Technology, Software, Hardware, Climate Capitalism, Multimedia, Carbon, Government, HVAC, Organization, Inflation, Climate change, Apple, Heat, Inflation Reduction Act of 2022, Tesla, Renewable energy, Heating, ventilation, and air conditioning, Cryptocurrency, Nest, Quilt

Quilt , creators of the most advanced ductless heat pump system ever designed for residential use, has closed a $9M seed funding round led by Lowercarbon Capital and Gradient Ventures.

Key Points: 
  • Quilt , creators of the most advanced ductless heat pump system ever designed for residential use, has closed a $9M seed funding round led by Lowercarbon Capital and Gradient Ventures.
  • The company’s mission to reduce home-based fossil fuel dependency has attracted additional support from Incite Ventures, MCJ Collective, Garage Capital, Climate Capital, and Spacecadet.
  • (Photo: Business Wire)
    Quilt has developed a highly efficient electric heat pump system that is controlled through a first-of-its-kind integrated software platform.
  • “Heat pumps are now widely recognized as the solution to decarbonizing home heating,” said Quilt co-founder and CEO Paul Lambert.

Noya Closes $11M Series A To Accelerate the World's Transition to Carbon Negativity With Innovative Direct Air Capture technology (DAC)

Retrieved on: 
Tuesday, April 11, 2023
Climate, Collaborative Fund, PBC, Direct air capture, Climate Capitalism, Shopify, Climate change, Watershed, DAC, Union Square Ventures, CDR, USV, Nongovernmental International Panel on Climate Change, SAN, UN, Intergovernmental Panel on Climate Change, Growth, Noya, CO2, Renewable energy, Collaboration

"Carbon removal is critical for the planet to meet its climate targets,"says Fred Wilson, Managing Partner at Union Square Ventures.

Key Points: 
  • "Carbon removal is critical for the planet to meet its climate targets,"says Fred Wilson, Managing Partner at Union Square Ventures.
  • "We believe direct air capture can become the leading way to perform carbon removal, and Noya's low capex, high modularity process can become the leading direct air capture approach.
  • Founded in 2020 by CEO Josh Santos and CTO Daniel Cavero, Noya is on a mission to accelerate the world's transition to carbon negativity with innovative Direct Air Capture technology that is scalable and cost-effective.
  • The UN's International Panel on Climate Change has deemed carbon removal " essential " to keep global temperatures from rising above 2˚C.

Climate Tech Communications Agency, Mission Control, Taps Connie Zhang, Kate McIlroy as it Expands to Meet Global Startup Demand

Retrieved on: 
Monday, April 10, 2023
United States House Homeland Security Subcommittee on Cybersecurity, Infrastructure Protection and Innovation, Paul H. Nitze School of Advanced International Studies, Communication, International economics, Center for Civilians in Conflict, CIVIC, COVID-19, National Security Committee (Australia), Climate Capitalism, Johns Hopkins School of Education, Mission control center, Kate, Oracle, UNICEF, Government, Interface (computing), Advanced Mobile Applications, UNICEF USA, SAN, Christopher C. Kraft Jr. Mission Control Center, Climate, ESG, Growth, Connie, Global Affairs Canada, Environment, Glass, SAIS, Management, Nursing, Renewable energy, Silicon

SAN FRANCISCO and PHILADELPHIA, April 10, 2023 /PRNewswire/ -- Mission Control Communications (mc²), a global climate tech communications agency, announced it has promoted Connie Zhang to senior vice president after two years as vice president leading the agency's North America expansion. Kate McIlroy, whose career includes experience at UNICEF USA and FINN Partners, joins the leadership team to build out the agency's growing public affairs practice. The two serve at the helm of North American programs and operations, providing strategy, branding and integrated communication programs to Mission Control's base of award-winning climate tech clients.

Key Points: 
  • After tenures at high-tech agencies like The Hatch Agency, managing accounts like Oracle, Connie joined Mission Control in 2020.
  • During the past three years, she helped guide the firm through Covid, implementing progressive workforce programs for Mission Control's now 100% remote team.
  • Connie's departure from tech to climate tech anticipated the trend we see today - talented people pivoting to work with mission-based companies.
  • With Connie and Kate at the helm, we're poised to help climate tech pioneers - in Silicon Valleys all around the globe - bring their innovations to an in-need world."

Boost VC Commits to Invest $1,000,000 at Deep Tech Demo Day

Retrieved on: 
Tuesday, April 4, 2023
Stellar, Venus, Deep tech, Demo, Parka, Climate Capitalism, Tim Draper, Investment, SAN, Conscience, Climate, Boost, Robotics, Radiant, Cryptocurrency, Launcher, The Cantos

SAN MATEO, Calif., April 4, 2023 /PRNewswire/ -- Boost VC announces that they are pre-committing to invest $1,000,000 of new capital at their Spring 2023 Deep Tech Demo Day. This investment highlights Boost VC's commitment to advancing Deep Tech (aerospace, energy, climate, robotics, crypto, bio, AI/ML, virtual and augmented reality, etc) and supporting founders dedicated to leveraging technology to solve the world's biggest problems.

Key Points: 
  • SAN MATEO, Calif., April 4, 2023 /PRNewswire/ -- Boost VC announces that they are pre-committing to invest $1,000,000 of new capital at their Spring 2023 Deep Tech Demo Day.
  • Deep Tech Demo Day will open on April 4th, 2023 and remain available thru April 11th, 2023.
  • The event will showcase 30+ Deep Tech startups, nominated by over 10 Deep Tech Venture Capital funds.
  • said Adam Draper, Managing Partner, Boost VC, "We are dedicated to cultivating the Deep Tech ecosystem for both founders and investors, and to prove it, we are committing $1,000,000 to the Demo Day."

Kodama Systems Raises $6.6M Series Seed to Accelerate Forest Restoration and Carbon Storage

Retrieved on: 
Thursday, December 15, 2022
Carbon, Energy transition, Forestry, Food, GHG, Congruence, Biomass, Automation, Partnership, Wood, Biophysical environment, CO, Breakthrough Energy, Product life-cycle theory, Climate, CO2, Economics, Forest, Wildfire, BEV, Policy, Western United States, Bioenergy Program, Climate Capitalism, Risk, Workforce, CAL, United States Forest Service, BAE Systems Inc., Renewable energy, Agriculture, Urbanization

SONORA, Calif., Dec. 15, 2022 /PRNewswire/ -- Kodama Systems Inc. (Kodama), an innovator in forest restoration, announced that it has raised $6.6 million in a Series Seed funding round co-led by leading climate-tech investors Breakthrough Energy Ventures and Congruent Ventures. Kodama has additionally received a business development grant from CAL FIRE to develop site connectivity and automation for forest thinning, and a carbon removal R&D grant from Frontier Climate for a biomass storage pilot project in partnership with the Yale Carbon Containment Lab. The combined funding accelerates Kodama's technology development to improve the efficiency of forestry thinning operations and expand markets for woody biomass byproducts.

Key Points: 
  • Wildfires have increased in intensity over the past decade, threatening communities and acting as a headwind for carbon emissions reduction efforts.
  • "Kodama is increasing the pace and scale of forest restoration in an industry that has previously been hindered by limited workforce capacity and biomass utilization infrastructure," said Merritt Jenkins, CEO of Kodama.
  • "In order to meet the forest restoration goals of the US Forest Service and CAL FIRE, the industry's capacity must double over the next five years.
  • "This brings new technology to forest restoration work with the potential to increase the pace and scale of forest fuels management."

Zevvy Announces Its Official Launch Alongside $5.4M in Seed Funding to Offer a D2C Consumer Financing Platform for Electric Vehicles

Retrieved on: 
Wednesday, October 26, 2022
Other Professional Services, Finance, EV, Electric Vehicles, Automotive, Consulting, Other Automotive, Professional Services, General Automotive, Adoption, Buenos Aires District, Palmares, Commerce, Growth, Politics, Partnership, Technology, Solution, Mac, Goal, EVS, Parity, Bay Area Air Quality Management District, Industry, CEO, Maintenance, Silicon, Uber, Climate Capitalism, BoxGroup, Renewable energy, EV

Flux EV, Inc., a San Francisco Bay Area-based company with a 'total cost of ownership electric vehicle (EV) lease product, today announced its official launch and rebranding to Zevvy alongside $5.4M in seed funding.

Key Points: 
  • Flux EV, Inc., a San Francisco Bay Area-based company with a 'total cost of ownership electric vehicle (EV) lease product, today announced its official launch and rebranding to Zevvy alongside $5.4M in seed funding.
  • Founded in 2021, Zevvy is interrupting the massive auto finance industrywhich saw increasingly concerning trends last year, including a record-high $1.43T in auto loan debt .
  • The idea for Zevvy was born out of my own daily commute, said Andrew Krulewitz, founder and CEO of Zevvy.
  • After a year-long pilot with customers from San Francisco to Sacramento, the platform has proven to be a resounding success.

ECOSAPIENS ANNOUNCES LARGEST EVER CONSUMER-DRIVEN CLIMATE ACTION EQUAL TO REFORESTING ALL OF SAN FRANCISCO AND OAKLAND

Retrieved on: 
Wednesday, October 12, 2022
Carbon, Ethereum, SAN, Non-fungible token, PBC, Sale, Thought, Life, Saatchi & Saatchi, Attention, CRV, NFT, Twitter, Web3, Entrepreneurship, Multimedia, Collection, Technology, Company, Menlo Ventures, Health, Blockchain, CEO, Climate, Kauffman Fellows Program, Eco-friendly dentistry, Ownership, Climate Capitalism, View, Leadership, Online shopping, Cryptocurrency

SAN FRANCISCO, Oct. 12, 2022 /PRNewswire/ -- Today Ecosapiens, a Climaverse PBC company, announced the largest ever consumer-driven climate action through its Web3 platform that enables anyone to take real, verifiable, and rewarding climate-corrective measures. The company's ambitious maiden project will introduce the first carbon-backed NFT, which includes ownership of 20 metric tons of naturally sequestered carbon – offsetting significantly more than the average American's yearly emissions. Utilizing Ethereum's recently upgraded ultra-low energy network, the collection will be released in small batches, eventually numbering 10,000. When complete, the collection will have proactively captured at least 200,000 metric tons of atmospheric carbon, equivalent to reforesting landmass the size of San Francisco and Oakland.

Key Points: 
  • SAN FRANCISCO, Oct. 12, 2022 /PRNewswire/ -- Today Ecosapiens, a Climaverse PBC company, announced the largest ever consumer-driven climate action through its Web3 platform that enables anyone to take real, verifiable, and rewarding climate-corrective measures.
  • When complete, the collection will have proactively captured at least 200,000 metric tons of atmospheric carbon, equivalent to reforesting landmass the size of San Francisco and Oakland.
  • The first collection of 10,000 will remove at least 200,000 metric tons of atmospheric carbon, equivalent to reforesting landmass the size of San Francisco and Oakland.
  • The company is backed by leading blockchain and climate investors including Boost VC, Menlo Ventures, Slow Ventures, Alumni Ventures, Climate Capital, and more.