Qube Technologies, an emission monitoring technology organization, has announced it has secured Series B funding from Riverbend Energy Group (“Riverbend”). Qube has offered continuous emissions monitoring technology to industries to measure, manage, and reduce their environmental impact. The funding will advance the company’s solutions and expansion. Since the previous funding, the company has seen an…
Microsoft signed a long-term contract to buy 315,000 metric tons of CO2 removal from Heirloom. It is a direct air capture company that utilizes the properties of limestone to curb CO2. The company’s news mentions that the deal follows Heirloom’s DAC Hub selection by the U.S. Department of Energy for up to $600 million in…
The UK Space Agency is funding earth monitoring programmes to accelerate the UK EO (Earth Observation) technology. The funding of £15 million, by the UK Space Agency, will facilitate the research and experimental development of space-based instruments. The aim is to support a range of environmental services. These include – The funding will allow UK…
Dioxycle announced its Series A funding round of $17 million, co-led by Lowercarbon Capital and Breakthrough Energy Ventures Europe (BEV-E). Gigascale Capital participated in the funding. The company is a French-American start-up. It transforms CO2 emissions into high-value and sustainable chemicals. Dioxycle claims to develop a tech that produces sustainable ethylene from recycled carbon emissions….
Advanced Ionics has closed a Series A funding round at $12.5 million. This round was led by bp ventures, with additional investors including Clean Energy Ventures, Mitsubishi Heavy Industries, and GVP Climate. The company plans to avail the funds to grow and accelerate the first deployment of its Symbion™ water vapor electrolyzer technology. It is…
Octopus Energy’s generation arm has announced plans to invest $20 billion (£15 billion) into offshore wind by 2030. The investment is expected to generate 12 GW of renewable electricity capacity. The company is an energy and technology group engaged in offering green energy systems. It invests in, builds, and manages renewable energy. Globally, Octopus Energy’s…
AXA IM Alts, an alternative investments company, has announced a $49 million commitment to invest in Mombak reforestation projects. Mombak is a native species carbon removal start-up. The company invested in the Mombak reforestation projects under the natural capital and impact investing strategy. This investment will support the restoration of the Amazon rainforest on pastures…
Sylvera has raised $57 million in a Series B funding round. It aims to help companies achieve their net zero goals and invest in carbon markets. Founded in 2020, Sylvera has so far made efforts to progress in bringing transparency to the carbon markets. It has also helped buyers see what to avoid and provide…
Isometric, a carbon removal registry and science platform based in the U.K., has announced seed funding of $25 million. This funding round was led by – Lowercarbon Capital and Plural. The round was also participated by Lowercarbon Capital and Plural with angel investors Niklas Zennström (founder of Skype), David Helgason (founder of Unity Technologies), Ross…
ExxonMobil Corporation announced entering a definitive agreement to acquire Denbury. Denbury is a developer of carbon capture, utilization and storage (CCS) solutions and enhanced oil recovery.The acquisition is an all-stock transaction which values at $4.9 billion. Based on Exxon Mobil’s closing price on July 12, 2023, it is $89.45 per share. As per the terms…