Breakthrough Energy

Pachama Increases Series B to $64 Million with $9 Million Extension Led by Lowercarbon Capital, T.Capital, and Positive Ventures

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星期二, 十二月 5, 2023
Software, Other Natural Resources, Sustainability, Technology, Agriculture, Natural Resources, Artificial Intelligence, Environment, Satellite, Green Technology, Other Technology, Climate Change, Carbon, Mercado Libre, MELI, Research, Climate change, Salesforce, Climate, T-Mobile, Breakthrough Energy, Biodiversity, Growth, AI, Deutsche Telekom, Pachama

The extension brings Pachama’s Series B total to $64 million and was participated in by new investor T.Capital , the corporate venture capital arm of Deutsche Telekom (majority owners of T-Mobile US), alongside existing investors Lowercarbon Capital and Positive Ventures.

Key Points: 
  • The extension brings Pachama’s Series B total to $64 million and was participated in by new investor T.Capital , the corporate venture capital arm of Deutsche Telekom (majority owners of T-Mobile US), alongside existing investors Lowercarbon Capital and Positive Ventures.
  • Pachama has now raised $88 million in cumulative funding from the aforementioned investors in addition to Future Positive, Breakthrough Energy Ventures, Amazon’s Climate Pledge Fund, Serena Williams, Ellen DeGeneres, and Laura Dern, among others.
  • Having led Salesforce’s philanthropic efforts, Beckwith’s experience and counsel will be invaluable as Pachama continues to lead in the climate tech sector.
  • “Pachama has put together a world class team focused on delivering consistently high impact results,” said Pachama board member Ebony Beckwith.

Energy Dome Announces Funding Commitments From Breakthrough Energy Catalyst and the European Investment Bank to Support Construction of Its First Standard Commercial-Scale CO2 Battery

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星期五, 十二月 1, 2023
Other Energy, Environment, Alternative Energy, Green Technology, Energy, Climate Change, Lithium, InvestEU, Climate change, Human Development Innovation Fund, Breakthrough Energy, Metal, European Commission, COP28, Civil service commission, Multimedia, Energy dome, BofA Securities, EIB, European Investment Bank, Partnership, Catalysis, Venture debt, Golden Joystick Awards, Renewable energy

Funding will be in the form of a project-level grant commitment of up to €35,000,000 from Breakthrough Energy Catalyst and €25,000,000 Venture Debt financing commitment from the European Investment Bank, both subject to the satisfaction of funding conditions.

Key Points: 
  • Funding will be in the form of a project-level grant commitment of up to €35,000,000 from Breakthrough Energy Catalyst and €25,000,000 Venture Debt financing commitment from the European Investment Bank, both subject to the satisfaction of funding conditions.
  • View the full release here: https://www.businesswire.com/news/home/20231201183451/en/
    Energy Dome's CO2 Battery (Rendering) - Ottana, Sardinia, Italy (Photo: Energy Dome)
    Breakthrough Energy Catalyst funds and invests in first-of-a-kind commercial projects for emerging climate technologies.
  • The project will use a standard frame 20MW/200MWh CO2 Battery, which can supply energy to the grid for ten consecutive hours.
  • I am delighted to announce the EIB’s intention to support Energy Dome with a EUR 25 million Venture Debt financing.

Malta Closes Funding to Deploy Its Long-Duration Energy Storage System

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星期三, 十一月 29, 2023
Finance, Energy, Professional Services, Other Energy, Utilities, Carbon, Alfa Laval, Sakkhi Proman, CO2, BEV, Wind, Breakthrough Energy, Natural gas, Inc., Chevron Corporation, Piva, Renewable energy, Siemens Energy

Malta Inc., a leader in long-duration energy storage, today announced that it has closed on a round of financing provided by a group of investors including Siemens Energy Ventures and Alfa Laval as well as existing shareholders Breakthrough Energy Ventures, Proman, Chevron Technology Ventures, and Piva Capital.

Key Points: 
  • Malta Inc., a leader in long-duration energy storage, today announced that it has closed on a round of financing provided by a group of investors including Siemens Energy Ventures and Alfa Laval as well as existing shareholders Breakthrough Energy Ventures, Proman, Chevron Technology Ventures, and Piva Capital.
  • Malta’s grid-scale, long-duration energy storage system helps governments, utilities, and grid operators transition to low-cost, carbon free renewable energy while enhancing energy security.
  • Alfa Laval is contributing with its innovative heat exchanger technology that will be vital to enable commercially viable long-duration energy storage, fundamental for the decarbonization of the renewable energy sector.
  • Alfa Laval is proud to continue and further strengthen our collaboration with Malta and our partners to accelerate the energy solutions required to reach net zero.”

TS Conductor Wins Rising Star Company at S&P Global Commodity Insights' 25th Annual Platts Global Energy Awards

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星期一, 十二月 18, 2023
Television, Tennessee Valley Authority, NextEra Energy, TS, S&P Global Commodity Insights, History, CNBC, Basin Electric Power Cooperative, Breakthrough Energy, MDU, Electricity, TVA, SRP, Electric power, Award

HUNTINGTON BEACH, Calif., Dec. 18, 2023 /PRNewswire-PRWeb/ -- TS Conductor, a pioneer in high-performance transmission and distribution conductors for electricity grids, received the Rising Star Company award at the 25th Annual Platts Global Energy Awards.

Key Points: 
  • HUNTINGTON BEACH, Calif., Dec. 18, 2023 /PRNewswire-PRWeb/ -- TS Conductor, a pioneer in high-performance transmission and distribution conductors for electricity grids, received the Rising Star Company award at the 25th Annual Platts Global Energy Awards.
  • An independent panel of judges chose the winners of the 2023 Platts Global Energy Awards from finalists selected from nominations that represented 33 different countries.
  • TS is backed by investors such as Breakthrough Energy Ventures, National Grid Partners, NextEra Energy, and others.
  • For details on all of the winners of this year's Platts Global Energy Awards, access the December issue of the S&P Global Commodity Insights Magazine or visit the Platts Global Energy Awards website .

In historic moment for CO2 removal, Heirloom unveils America’s first commercial Direct Air Capture facility, advancing national net-zero goals

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星期四, 十一月 9, 2023
Environment, Climate Change, Oil, Gas, Public Policy, Government, Sustainability, Alternative Energy, Green Technology, Energy, White House, Federal Government, State, Local, Carbon, ANNA, Climate change, Entrepreneurship, City, Hydrogen, CarbonCure Technologies, Biofuel, Algorithm, Low-carbon technology, Municipal council, Quality of life, Temperature, IBEW, KEY, Climate, Multimedia, Wind, United, PG&E, COMMUNITY, Stripe, History, Direct air capture, Partnership, Microsoft, Life, Policy, CO2, Senate, Breakthrough Energy, DAC, Tree, Atmosphere, Renewable energy, Coal, Private investigator, Management, Heirloom, Shopify

View the full release here: https://www.businesswire.com/news/home/20231109906701/en/

Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20231109906701/en/
    Heirloom's Direct Air Capture (DAC) facility in Tracy, CA uses limestone rocks to pull already-emitted CO2 from Earth's atmosphere.
  • “The capacity of Heirloom’s limestone-based technology to capture CO2 from the air has gone from 1 kilogram of CO2 to up to one million, or 1000 metric tons, in just over two years.
  • Once saturated with CO2, the material is returned to the kiln, the CO2 is extracted, and the process begins again.
  • We are meeting the climate crisis by supporting technology like Heirloom’s direct air capture as well as hydrogen, biofuels, offshore wind and battery storage.

Planetarians Brings Plant-Based Meat to COP28 UAE

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星期四, 十一月 30, 2023
Carbon, Agriculture, Climate change, SAN, Convention, COP28, Food, Protein, Treasure, Fermentation, Research, Innovation Hub, Party, Tech, Breakthrough Energy, Meat, Conference, UNFCCC, Partnership, Water, Expo 2020, COP, Non-governmental organization, Cryptocurrency

SAN FRANCISCO, Nov. 30, 2023 /PRNewswire/ -- Planetarians, a waste-to-food climate tech company, announced today it will bring its nutritious and affordable meats to COP28 UAE at Expo City Dubai, November 30-December 12, to showcase the potential of creating sustainable proteins from industrial and commercial waste/side streams.

Key Points: 
  • Planetarians will also have a booth in the Tech and Innovation Hub, which features around 100 startups creating sustainable solutions to the climate crisis, during the conference's second week (December 8-12).
  • Planetarians Savory Strips have the flavor and chewy texture of meat, but with a far better health profile: 24 grams of protein—more than ground beef—with the fiber of an apple and zero fat.
  • Savory Strips have a 72% acceptance rate in school lunches, demonstrating a wider appeal beyond meat avoiders.
  • For more information or to schedule a meeting with Planetarians at COP28, please contact [email protected] .

Graphyte signs first carbon removal purchase agreement with American Airlines 10,000 tons of carbon dioxide removal will be delivered using new Carbon Casting technology

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星期二, 十一月 28, 2023
Carbon, Aircraft, Breakthrough Energy, Aviation, CO2, Biomass, Climate change, Photosynthesis, Carbon dioxide, Gasoline, American Airlines

"American is focused on accelerating new low-carbon technologies to reduce aviation's climate impact," said Jill Blickstein, Chief Sustainability Officer at American. "Hard to abate industries like aviation will need high-quality, permanent, affordable and scalable carbon credits – including removals -- to achieve our emissions reduction goals. We are excited to work with Graphyte to help them scale their important new technology."

Key Points: 
  • Graphyte's Carbon Casting process leverages readily available biomass, efficient processing and state-of-the-art monitoring to make carbon dioxide (CO2) removal quantifiable and permanent.
  • Relative to existing carbon removal approaches, Carbon Casting permanently removes and stores CO2 using significantly less energy and at a substantially lower cost.
  • "This is a landmark agreement for both Graphyte and American Airlines," said Barclay Rogers, CEO of Graphyte.
  • With its purchase of carbon removal credits from Graphyte, American aims to accelerate and scale the CO2 removal market.

ZeroAvia announces completion of $116m Series C funding round

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星期一, 十一月 27, 2023
Aviation, Carbon, Li Ka-shing, Research, Climate change, Bank, UK Infrastructure Bank, Hydrogen, Airbus, CO2, Government, ZeroAvia, Investment, Breakthrough Energy, Series, UKIB, Airport, Alaska Airlines, Certification, Renewable energy, Coal, Financial services

KEMBLE, England and HOLLISTER, Calif., Nov. 27, 2023 /PRNewswire/ -- ZeroAvia today announced that it has completed its Series C funding round at a total of $116m.

Key Points: 
  • KEMBLE, England and HOLLISTER, Calif., Nov. 27, 2023 /PRNewswire/ -- ZeroAvia today announced that it has completed its Series C funding round at a total of $116m.
  • The financing supports the UK's status as a market leader in research and development in both aviation and hydrogen and will support ZeroAvia's ambitious growth plans in the UK.
  • This funding raise will help support the Government's target to decarbonise aviation by 2050 by developing new clean propulsion technologies that can be flying between UK airports this decade.
  • Breakthrough Energy Ventures, Horizons Ventures, Alaska Airlines, Ecosystem Integrity Fund, Summa Equity, AP Ventures and Amazon Climate Pledge Fund have also participated in the funding round.

This Week in Environment News: 11 Stories You Need to See

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星期五, 十一月 17, 2023
Disclosure, Southwest Airlines, Behavior, Research, Policy, BGS, Organization, Head, COP28, ACCEL, Investment, Acceleration, IBM, Student, Database, Weather, Bain & Company, Related, SAF, Risk, Bain, Breakthrough Energy, Kid, Rehabilitation, Sunlight, Conference, Curriculum, Geography, Subject-matter expert, PR Newswire, Soil, The Conference Board, Photosynthesis, Quantum dot, News, Education, Fluorescence, Hunting, Renewable energy, Publishing, Gonostomatidae, Masdar

NEW YORK, Nov. 17, 2023 /PRNewswire/ -- With thousands of press releases published each week, it can be difficult to keep up with everything on PR Newswire. To help journalists covering the environment industry stay on top of the week's most newsworthy and popular releases, here's a roundup of stories from the week that shouldn't be missed.

Key Points: 
  • NEW YORK, Nov. 17, 2023 /PRNewswire/ -- With thousands of press releases published each week, it can be difficult to keep up with everything on PR Newswire.
  • To help journalists covering the environment industry stay on top of the week's most newsworthy and popular releases, here's a roundup of stories from the week that shouldn't be missed.
  • The list below includes the headline (with a link to the full text) and an excerpt from each story.
  • Click on the press release headlines to access accompanying multimedia assets that are available for download.

TIME REVEALS THE INAUGURAL TIME100 CLIMATE LIST OF THE WORLD'S MOST INFLUENTIAL LEADERS DRIVING BUSINESS TO REAL CLIMATE ACTION

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星期四, 十一月 16, 2023
Shemara Wikramanayake, Woman, TIME100 Impact Awards, Climate change, LVMH, Climate, IMPACT, MOL, Carbon Disclosure Project, Business, Travel, United Steelworkers, Eat Just, Sustainability, Amazon, International, Unilever, Kyōto Station, Civil service commission, ExxonMobil, Form Energy, Macquarie Group, Breakthrough Energy, Animal, Clothing, Apple, COP28, Husk Power Systems, Conservation International, TIME, Our Children's Trust, Risk management, Music, Audit, Renewable energy, Carbfix, Volvo, Policy, Environment, ZeroAvia, Carbon, Masdar

NEW YORK, Nov. 16, 2023 /PRNewswire/ -- Today, TIME reveals the inaugural TIME100 Climate, a new list of the world's most influential leaders driving business to real climate action.

Key Points: 
  • NEW YORK, Nov. 16, 2023 /PRNewswire/ -- Today, TIME reveals the inaugural TIME100 Climate, a new list of the world's most influential leaders driving business to real climate action.
  • We are thrilled to further this mission—and to empower business leaders and individuals to take climate action—with the inaugural TIME100 Climate list."
  • Of the inaugural TIME100 Climate list, TIME Editor-in-Chief Sam Jacobs writes: "Climate leadership is ­embedded across all of our coverage today.
  • See the full list here: https://bit.ly/3G7CNWZ
    'TIME100 IMPACT DINNER' TO RECOGNIZE LEADERS CREATING CLIMATE ACTION DURING COP28 IN DUBAI:
    TIME will convene the TIME100 Impact Dinner: Leaders Creating Climate Action to spotlight an array of leaders—including those featured on the new TIME100 Climate list of climate innovators—on December 1st during COP28 in Dubai.