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…
Neara has announced a $10 million capital raise extension and a case study for increasing the existing line capacity for renewable energy. The round was participated by Prosus Ventures and by Neara’s existing investors, Skip Capital, and Square Peg Capital. The funding now makes the overall Series B to $24 million. Neara is an infrastructure…
According to IEA’s Net Zero Roadmap, achieving net zero and reaching 1.5 C is possible due to the growth of key clean energy technologies. Even though the rate is steady, yet needs to increase rapidly in many areas. The Roadmap has updated the original report published in the year 2021 which has been beneficial to…
The companies Danfoss, Google, Microsoft, and Schneider Electric – with the Danish Data Center Industry – have launched a Pan-European Net Zero Innovation Hub for Data Centers, in Fredericia, Denmark. The number of internet users has only increased. Amidst this, the data center industry is working to reduce energy footprint in areas such as energy…
HSBC has announced an investment of $1 billion to early-stage climate technology companies in the world. The finances will assist start-ups in creating solutions for EV charging, battery storage, sustainable food and agriculture, and carbon removal technologies. The report says that the announcement also follows the launch of HSBC Innovation Banking and HSBC Asset Management’s…
Honeywell has announced collaboration with SK E&S to distribute its carbon capture tech to assist SK in the energy transition in Korea and other parts of Southeast Asia. SK E&S, an energy company, is part of the Korean conglomerate SK Group. The company operates in business across renewable energy, hydrogen, energy solutions, and liquefied natural…
1PointFive, a carbon capture, utilization, and sequestration company, has announced that Amazon agreed to purchase 250,000 metric tons of CO2 removal credits over 10 years. The agreement can allow more capable direct air capture (DAC), for companies to complete climate goals. 1PointFive’s first commercial-scale DAC plant, STRATOS, will allow for the credit for Amazon. The…
Open Cosmos, a space tech business, has raised 50 million in Series B with the leading investors – ETF Partners, Trill Impact, and A&G. Additional investors were Accenture Ventures, Banco Santander InnoEnergy Climate Tech Fund, and Claret Capital Partners, with participation from Taavet Hinrikus and Kheng Nam Lee. The funding gained will be utilized to…
H2 Green Steel has raised €1.5 billion in equity from an investor group to finance its first large-scale green steel plant. The investor group co-led by Hy24 and existing partners Altor, GIC, and Just Climate. The funding round is assumed to ease creation of giga-scale electrolyzer. The transaction includes new investors Andra AP – fonden…
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…