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Universal Hydrogen closed a $62-million new funding round; the oversubscribed round was completed less than six months after the company’s Series A ( earlier post ), bringing total raised to $85 million. Full-scale prototype of Universal Hydrogen's gaseous hydrogen module, with one capsule removed.
Universal Hydrogen announced $20.5-million Founded in 2020 by aviation industry veterans Paul Eremenko, John-Paul Clarke, Jason Chua, and Jon Gordon, Universal Hydrogen is stitching together the end-to-end hydrogen value chain for aviation, both for hydrogen fuel and hydrogen-powered airplanes. Universal Hydrogen modular capsule.
ClearFlame Engine Technologies , a startup developing net-zero engine technology ( earlier post ), has secured $17 million in Series A financing, which will enable commercialization of the company’s innovative engine technology for the long-haul trucking, agriculture and power generation sectors.
a developer and manufacturer of Aqueous Hybrid Ion (AHI) batteries and stationary energy storage systems, recently completed the closing of a $55-million Series D financing round. Aquion spun out of Carnegie Mellon University in 2010. Aquion Energy, Inc., Earlier post.). Aquion Technical Presentation.
Project Volt Gas Volt is based on a long-term financing plan and the use of existing technologies for the large-scale conversion of surplus renewable electricity to methane, with subsequent reuse. Financing Project VGV: the Green Redemption Fund. Private green funds could help finance a global fund. Diagram: Isabelle Plat.
OXCCU, a company spun-out from the University of Oxford in 2021 that is focused on converting carbon dioxide and hydrogen into industrial and consumer products ( earlier post ), completed an £18-million (US$22.8 million) Series A financing round.
million in Series C financing. The Series C financing follows a $19-million Series B round in 2009 and brings the total raised by Achates Power to nearly $90 million since its 2004 founding. Achates Power, Inc., the developer of a family of two-stroke compression-ignition opposed-piston engines ( earlier post ), has finalized $35.2
an Ann Arbor-based developer of next-generation lithium-ion batteries ( earlier post ), has completed a $7-million Series B round of financing. Sakti3 was founded in 2007 as a spin-out of the University of Michigan and has been supported to date by Khosla Ventures and the Michigan Economic Development Corporation. Sakti3, Inc.,
Start-up Liquid Light, a developer of process technology to make major chemicals from low-cost, globally-abundant carbon dioxide ( earlier post ), has closed a $15-million Series B financing. The financing was completed at a significant increase in company valuation.
million in new financing. The Volvo Cars Tech Fund and Volta Energy Technologies join existing investors Anzu Partners and the University of Minnesota. As part of ARPA-E’s REACT program, the University of Minnesota (UMN) developed an early stage prototype of an iron-nitride permanent magnet material. Background.
In addition to new investors BlackRock and Sinobioway, existing investors also participated in this financing. This new and significant financing will help accelerate our growth and further expand project development and implementation. Canada-based Enerkem Inc., Earlier post.).
Nissan, Mitsubishi Corporation, Mitsubishi Motors Corporation, PSA Groupe, NUVVE, Frederiksberg Forsyning, Enel, Insero and DTU (Technical University of Denmark) Electrical Engineering (PowerLabDK) are partnering in the Danish project Parker to develop a universal definition for grid integration for electric vehicles.
The financing was co-led by The Engine and by The GOOSE Society of Texas. Licensed from Rice University, the “antenna-reactor” plasmonic photocatalyst has been published in leading academic journals such as Science , Nature , and PNAS. million in Series A funding.
University of Technology, Solaris is developing an advanced driver assistance system for city buses, mostly electric ones. University of Technology. University of Technology has been our long-standing partner for the development of drive technology and of various types of systems constituting the equipment of our buses.
In an open access paper published in Nature Communications , researchers from the University of Wollongong in Australia report that their capillary-fed electrolysis cell demonstrates water electrolysis performance exceeding commercial electrolysis cells, with a cell voltage at 0.5 2 and 85 °C of only 1.51 kWh/kg hydrogen (vs. Hodges et al.
EnergyX) has secured commitments of $20 million in financing. EnergyX, along with its new partners and strategic investors including Obsidian Acquisition Partners, Helios Capital, and the University of Texas, hope to build a strong platform that binds together industry, academia, and natural resource management. Source: EnergyX.
The 2020 edition of Global Landscape of Renewable Energy Finance highlights however, that while a cumulative US$1.8 Global landscape of renewable energy finance in 2017-2018. From Global Landscape of Renewable Energy Finance. Renewable energy investment slightly declined in 2018, with modest growth through 2019.
Researchers from Chalmers University of Technology, in collaboration with KTH Royal Institute of Technology in Stockholm, have produced a structural battery that performs ten times better than all previous versions. It contains carbon fiber that serves simultaneously as an electrode, conductor, and load-bearing material. Image: Marcus Folino.
Universal Hydrogen ( earlier post ) has formed a collaboration with three Japan-based companies to study—and ultimately to develop—a green hydrogen supply and logistics solution that will enable Japanese airlines to scale their utilization of hydrogen-powered aircraft in the very near-term.
Battery-electric transit bus manufacturer Proterra has entered the university market with its first order from the Associated Students of the University of Montana ( ASUM ) Transportation for two Proterra 40-foot Catalyst Fast Charge buses and one semi-autonomous fast charger for its UDASH routes.
VEGA will arrange project financing, contribute fleet operations expertise, and conduct field testing of the marine battery prototype. CONOSHIP will contribute marine engineering designs to integrate the more compact redox flow-battery into the propulsion systems of marine vessels and ships.
Shell and The University of Texas at Austin signed a five-year agreement to invest $7.5 The new Shell-UT Program on Unconventional Resources will be managed by the university’s Bureau of Economic Geology with participation across the campus, including geoscience, engineering, economics, business, environmental and regulatory affairs.
Amprius’ technology was initially developed at Professor Yi Cui’s laboratory at Stanford University ( earlier post ); Prof. Amprius is financed by leading investors including Trident Capital, VantagePoint Capital Partners, IPV Capital, and Kleiner Perkins Caufield & Byers. Cui is a founder of the company. Kang Sun, Amprius CEO.
The European Investment Bank (EIB) has signed a €125-million loan with Umicore, the Belgian-based global materials technology and recycling group, to finance part of the greenfield production facility for cathode materials in Poland. The EIB recently reaffirmed its commitment to financing projects across the entire value chain.
million in additional financing from several investors, including the Iowa, Minnesota, Kansas and Illinois Corn Growers Associations. ClearFlame Engine Technologies , a growing startup dedicated to the development of clean engine technology ( earlier post ), secured $2.5
The research into electrically powered aircraft is financed partly by private donors and partly by funding from the Ministry of Science, Research and the Arts Baden-Württemberg. The institute is collaborating with Slovenian light aircraft manufacturer Pipistrel, a company that has twice won the CAFE flight competition. Source: IFB.
Via , a company that provides digital infrastructure to power public mobility in cities around the world ( earlier post ), has raised a Series E financing led by EXOR. The financing values the company at $2.25 billion and will enable Via to advance its vision of efficient, accessible, and equitable public mobility.
He was raised in China and completed his education in engineering physics at the University of British Columbia, the University of California at Berkeley and the Massachusetts Institute of Technology, as a Sloan Fellow.
ELDRIVET is being jointly run by small, mid-sized and large companies in the Swedish automotive industry and a university. The university taking part is Lund University’s Faculty of Engineering. million) to finance the project. The Swedish Energy Agency has provided SEK 18 million (US$2.65
Researchers at Argonne National Laboratory, with colleagues from Lawrence Berkeley, Oak Ridge, and National Renewable Energy labs, and the University of Tennessee, have published a comprehensive analysis of the total cost of ownership (TCO) for 12 sizes of vehicles ranging from compact sedans up to Class 8 tractors with sleeper cabs.
The Bosch Group, the Reutlingen University of Applied Sciences, the University of Stuttgart, and the state of Baden-Württemberg will establish a center for power electronics studies and research. Five new chairs will be financed to the tune of more than €25 million. Bosch is contributing some €12.4 million (US$18.2
Australia-based Hysata, which is commercializing capillary-fed electrolysis technology developed at the University of Wollongong ( earlier post ) has closed its oversubscribed Series A funding round of $42.5 million AUD (US$30 million).
The act directs the Office of Science and Technology Policy to convene an interagency entity under the National Science and Technology Council with the responsibility of coordinating federal programs and activities in support of sustainable chemistry. identify other opportunities for expanding Federal efforts in support of sustainable chemistry.
BASF Venture Capital has led a $3-million Series A financing with a $1.5 The Swiss entrepreneur and private investor Hansjörg Wyss has also participated in the financing. million investment in SLIPS Technologies Inc. based in Cambridge, Massachusetts. The company’s technology platform was created by Prof. Resources.
Originally working in collaboration with the University of Washington Department of Materials Science & Engineering, EnerG2 has developed and commercialized unique sol-gel processing technologies to construct its carbon materials. million in equity financing.
Chevrolet is investing in clean energy efficiency initiatives of US colleges and universities through its voluntary carbon-reduction initiative. Such funding enables universities to reduce their impact and save money on utility bills while engaging and educating students in their efforts. Ball State University in Muncie, Ind.
These consortia—led in theUS by the National Renewable Energy Laboratory (NREL), the University of Florida, and Lawrence Berkeley National Laboratory (LBNL)—will bring together experts from national laboratories, universities, and industry in both the US and India. MEMC Corporation; and Solarmer Energy Inc. .;
Governments at the COP17 meeting decided to adopt some form of a universal legal agreement on climate change as soon. A Standing Committee is to keep an overview of climate finance in the context of the UNFCCC. A focused work program on long-term finance was agreed will contribute to the. as possible, but not later than 2015.
New York City Clean Air Taxi rules are successful in cutting emissions and reducing air pollution, [link] to a new study by researchers at the Columbia University Mailman School of Public Health and Drexel University. —Dustin Fry, MPH, a researcher at Drexel University Dornsife School of Public Health. Tabb, Gina S.
University partners from the states of Washington, Louisiana, Tennessee, and Iowa will lead the projects, which focus in part on developing aviation biofuels from tall grasses, crop residues and forest resources. A team of researchers led by Louisiana State University received $17.2
USDOT is receptive to all sustainable financing options that do not violate other principles. However, this stated principle does not preclude mandatory universally applicable taxes or fees to finance the system, according to DOT. Subscription or other fees for non-mandatory, opt-in applications are possible.
a developer and manufacturer of Aqueous Hybrid Ion (AHI) stationary energy storage systems, has completed the first closing of a $35 million Series D financing round. Aquion Energy , Inc.,
These are the observations in an in-depth study of the industry by management professors at the University of California, Davis, and Dartmouth College. With the major automakers promising new EV models, Bloomberg New Energy Finance predicts that 500 different EV models will be available globally by 2022. Nissan has spent $5.6
million private equity financing. Led by VantagePoint Capital Partners, a global investor in energy innovation and efficiency, the financing also included existing Ostara investor, London-based Frog Capital and a group of new investors including Waste Resources Fund L.P., Ostara Nutrient Recovery Technologies Inc.,
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