The company's technology works by using cutting-edge computer vision technology to align a large array of mirrors to reflect sunlight to a precise target. The process creates heat exceeding 1,000 degrees Celsius (1,832 Fahrenheit), that can replace traditional fuels such as coal, gas and oil in the production of materials such as cement, steel and petrochemicals.
The company was founded by entrepreneur and inventor Bill Gross with the backing of Microsoft co-founder Bill Gates'
Breakthrough Energy Ventures Fund , AOL founder Steve Case, Los Angeles-based investor and entrepreneur Dr. Patrick Soon-Shiong and others.
(Source: Heliogen, Geek Wire, 19 Nov., 2019)
Contact: Heliogen, Bill Gross, CEO, Fatimah Bello, VP, Business Development
626.585.6900, email@example.com, www.heliogen.com
More Low-Carbon Energy News Concentrated Solar, Heliogen, Edisun, Solar,
"De-carbonizing the way we generate electricity would be a huge step, but it won't be enough if we don't reach zero net emissions from every sector of the economy [...] That includes the agriculture, forestry, and land use sector, which is responsible for 24 percent of all greenhouse gas emissions." -- Bill Gates
Bill Gates is an American business magnate, investor, author, philanthropist, and humanitarian. He is best known as the principal founder of Microsoft Corporation. Gates' fortune is estimated at $100 billion. (Source: Bill Gates, Gates Notes, CIRCASA, 3 April, 2019)Contact: Gates Notes www.gatesnotes.com
More Low-Carbon Energy News Bill Gates, GHGs, Greenhouse Gas Emissions,
The technology, now operating in British Columbia, uses huge fans that draw in air. Fluids in the processing unit then bind to the carbon dioxide molecules in the air. The carbon dioxide can then be concentrated and converted into fuels, or pressurized and injected underground for long-term storage.
According to BHP VP of Sustainability, Dr. Fiona Wild, "direct air capture is very flexible, so it can be used anywhere. And it really has significant potential for scale up, but it requires private sector investment and obviously also policy support, to try and bring it to scale. So that's why we're investing in it."
(Source: BHP, Sydney Morning Herald, 5 Mar., 2019)
Contact: Carbon Engineering,
Steve Oldham, CEO, firstname.lastname@example.org, www.carbonengineering.com; BHP Billiton, Dr. Fiona Wild, VP Sustainability and Climate Change, +61 3 9609 3333, www.bhpbilliton.com, www.bhp.com
More Low-Carbon Energy News Carbon Engineering, BHP, CO2, Direct Air Carbon Capture, Bill Gates ,
The CLeantech 100 features the private, independent, for-profit companies best positioned to solve tomorrow's clean technology challenges. This year marks the 10th edition of the list.
Concrete is the second most abundant man-made material in the world, and cement, its key ingredient, is responsible for an estimated 7 pct of global CO2 emissions. CarbonCure's proprietary technology uses recycled CO2 to improve the manufacturing process of concrete, while reducing the carbon footprint of the resulting concrete products.
CarbonCure is a recognized leader in the global CO2 Capture and Utilization (CCU) industry, estimated to be valued at $1 trillion by 2030.
The CarbonCure Technology is being used by more than 100 concrete producers across North America to reduce concrete's carbon footprint, create new production cost savings and gain a competitive sales advantage. The company is a recognized leader in the growing industry of CO2-utilization, which is expected to reduce global greenhouse gas emissions by 15% by 2030. CarbonCure is also one of 10 finalists in the $20 million NRG COSIA Carbon XPRIZE challenge, and is a portfolio company of Breakthrough Energy Ventures, which is backed by Bill Gates, Vinod Khosla, Sir Richard Branson, Jeff Bazos, Michael Bloomberg and other business leaders.
(Source: CarbonCure Technologies, PR, 29 Jan., 2019)
Contact: CarbonCure Technologies, Robert Niven, CEO, (902) 442-4020, email@example.com, www.carboncure.com;
NRG COSIA Carbon XPRIZE, www.carbon.xprize.org; Breakthrough Energy Ventures, www.b-t.energy/ventures
More Low-Carbon Energy News Breakthrough Energy Ventures, CarbonCure, NRG COSIA Carbon XPRIZE,
Malta Inc. is looking to commercialize the heat pump energy storage system that uses electricity to drive a heat pump which converts the electrical energy into molten salt thermal energy by creating a temperature differential.
Malta Inc. will work with industry partners including Sweden-based heat exchange manufacturer Alfa Laval, Hong Kong-based Concord New Energy Group and US-based Breakthrough Energy Ventures LLC (led by Microsoft founder Bill Gates), to make this technology cost-effective.
(Source: Malta Inc., Hudrocarbons 21, 3 Dec., 2019)
Contact: Malta Inc., https://x.company/projects/malta
More Low-Carbon Energy News Energy STorage, Malta Inc.,
I 1631 aimed to charge oil companies and other significant emitters $15 per ton of carbon released -- increasing by $2 per year until 2035. The approximately $1 billion per year it was expected to raise was earmarked for clean energy projects, public transportation, environmental conservation, and green jobs programs.
In 2016, another initiative, 732, proposed a tax on carbon in exchange for reduced sales and manufacturing taxes and creating a fund for low-income families–an approach intended to appeal to conservatives. The strategy missed the marked with only 40.7 pct of the vote. Earlier this year, too, the state legislature attempted to pass a carbon tax measure, but that died when it failed to collect enough votes in the Senate to advance.
Organized opposition to I 1631 campaign was sponsored by the Western States Petroleum Association -- an umbrella organization for BP, Chevron, Shell,Exxon) and others. In Washington, 54.5 pct of Washington State's carbon emissions reportedly come from gas and diesel used in transportation. In most states, the power generation sector is credited with the bulk of the state's carbon emissions. (Source: Various Media, 9 Nov., 2018) Contact: Office of Washington Sate Gov. Jay Inslee, Communications Office, Tara Lee, (360) 902-4136, www.governor.wa.gov; Western States Petroleum Association, www.wspa.org
More Low-Carbon Energy News I 1631, Carbon Tax, Washington Carbon Tax, Jay Inslee,
The Breakthrough Energy Ventures fund was created to accelerate the world's transition to clean energy, and is backed by Bill Gates, Vinod Khosla, Sir Richard Branson, Jeff Bazos, Michael Bloomberg and other business leaders.
The round includes the GreenSoil Building Innovation Fund and a follow-on investment by the Industrial, Clean and Energy Technology Venture Fund of BDC Venture Capital. Investors from prior rounds include: Pangaea Ventures, 350 Capital, Innovacorp, Brightpath Capital Partners, Neo Ventures, the Shaw Group, Power Generations, and Carmanah Management.
According to CarbonCure CEO Rob Nixon, CarbonCure "made it simple and profitable for the construction industry to build resilient structures with lower CO2 emissions. Every tonne of CO2 utilized in concrete production with the CarbonCure Technology results in a multiplier effect that saves an additional 28 tonnes of CO2 and over $3,100 in production efficiencies. This strategic investment allows CarbonCure to scale our impact by expanding into international markets and commercializing new value-added solutions for the concrete industry that further improve its sustainability and production efficiencies."
With its expanded portfolio of technologies and entry into international markets, CarbonCure has the potential to reduce up to 700 megatonnes of embodied carbon emissions each year.
(Source: CarbonCure, PR, 26 Sept., 2018) Contact: Greensoil Building Innovation Fund, www.greensoil-investments.com; Breakthrough Energy Ventures, www.b-t.energy/ventures; CarbonCure, Robert Niven, CEO, (902) 442-4020, firstname.lastname@example.org, www.carboncure.com
More Low-Carbon Energy News CarbonCure,
The Accelerator aims to make the Caribbean the world's first climate-smart zone that will include the implementation of solutions for resilience, renewable energy, development of sustainable cities, oceans, and transportation.
The InterAmerican Development Bank (IDB) has committed $3 million in start-up funding plus $1 billion to support innovative solutions focused on low-carbon emissions, sustainable infrastructure, and energy efficiency projects.
The World Bank Group has committed $1 million annually for 3 years in in-kind services, in addition to its existing support for the region which adds up to almost $2 billion in projects aimed at strengthening resilience and financial protection against climate disasters.
(Source: Caribbean Climate-Smart Accelerator, CleanTechnica, 14 Aug., 2018) Contact: Caribbean Climate-Smart Accelerator,
More Low-Carbon Energy News Caribbean Climate-Smart Accelerator ,
BEV will invest $6.4 million along with Evok Innovations in Quidnet Energy and $9 million along with Prelude Ventures in Form Energy. Both startups are developing new technologies to store power.
Quidnet is developing pumped hydro into underground shale rock wells. Form Energy is developing batteries that can store large amounts of energy for extended time periods and overcome the limitations of lithium-ion batteries that can only store energy for short periods.
BEV is "risk-tolerant" and will only invest companies that are capable of cutting global carbon emissions by 500 million metric tons annually.
The fund aims aims to focus on grid-scale energy storage, zero-carbon liquid fuels, low-carbon building materials, and geothermal energy.
(Source: Breakthrough Energy Ventures, PR, NewsBytes, 14 June, 2018) Contact: Breakthrough Energy Ventures, www.b-t.energy/ventures; Form Energy Inc., https://www.linkedin.com/company/form-energy; Quidnet Energy, www.quidnetenergy.com
More Low-Carbon Energy News Energy Storage, Form Energy,
The project, which is being funded by Bill Gates, involves the capture of air and technology involving water electrolysis and fuels synthesis to make a liquid, carbon-neutral synthetic fuel.
Carbon Engineering's prototype plant will extract 1 tpd of pure CO2 for a year. The company is working with Greyrock Energy and directly synthesizing CO2 and hydrogen split from water with clean electricity, and a mixture of petrol and diesel, to create a process called Air-to-Fuels (A2F). (Source: Carbon Engineering, GreenerIdeal, 10 Feb., 2018)
Contact: Carbon Engineering, Geoff Holmes, Dir. Business Dev., email@example.com, www.CarbonEngineering.com; Greyrock Energy, Robert Schuetzle, CEO, Charles Nelson, VP Sales & Marketing, firstname.lastname@example.org, www.greyrock.com
More Low-Carbon Energy News A2F, Carbon Neutral Fuel, Greyrock, Bill Gates, Carbon Engineering,
In 2010, the company received
over $5 in grant funding from the US DOE and in 2011 closed on $30 million in private funding from investors the likes of Bill Gates.
In 2016 the company scored another $33 million to support its operations.
Aquion had also been approved to receive $16.6 million in state grants and loans from the the Pennsylvania Department of Community and Economic Development, according to the agency's online investment tracker. (Source: Aquion Energy, Pittsburgh Post Gazette, Various Media, 8 Mar., 2017) Contact: Aquion Energy, Tim Poor, Commercial Officer, www.aquionenergy.com
More Low-Carbon Energy News Aquion Energy, Battery, Energy Storage, ,