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Heliogen Claims Concentrated Solar Breakthrough (New Prod & Tech)
Heliogen
Date: 2019-11-20
Los Angeles, California-based solar energy tech company Heliogen -- fka Edisun -- is reporting development of a way to create concentrated solar energy at temperatures hot enough to replace fossil fuels in industrial processes that contribute significantly to global carbon emissions.

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, hello@heliogen.com, www.heliogen.com

More Low-Carbon Energy News Concentrated Solar,  Heliogen,  Edisun,  Solar,  


Notable Quote -- Bill Gates Talks De-Carbonization
GHGs,Bill Gates
Date: 2019-04-05
"We should discuss soil as much as we talk about coal."

"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,  


BHP Billiton Backs Direct Air Carbon Capture (Ind. Report)
BHP Billiton,Carbon Engineering
Date: 2019-03-06
In the Land Down Under, mining giant BHP has invested $6 million in Squamish, British Columbia-based Carbon Engineering Ltd. The company's "Direct Air" carbon capture technology has the potential to remove carbon dioxide from the atmosphere on a large scale using huge fans. The company also has Bill Gates as an investor.

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, info@carbonengineering.com, 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 ,  


CarbonCure Among 2019 Global Cleantech 100 Again (Ind. Report)
CarbonCure,NRG COSIA Carbon XPRIZE
Date: 2019-01-30
For the fourth consecutive year, Halifax, Nova Scotia-headquartered CarbonCure Technologies, a company leading a mission to reduce the carbon footprint of the concrete industry, has been named in the 2019 Global Cleantech 100, an annual guide to the leading companies and themes in sustainable innovation.

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, info@carboncure.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 Raises $26Mn forThermal Energy Storage System (Ind. Report)
Malta Inc.
Date: 2019-01-04
Boston-based electro-thermal energy storage specialist Malta Inc.reports it has raised $26 million to commercialize a heat pump energy storage system invented by the Nobel Physics laureate Professor Robert Laughlin of Stanford University, California.

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.,  


Washington State Rejects Carbon Tax, Again (Reg & Leg)
Western States Petroleum Association
Date: 2018-11-12
The third time around wasn't lucky for Washington States I 1631 groundbreaking carbon tax , despite broad support from MicroSoft's Bill Gates, Gov. Jay Inslee (D) and the far away New York Times, labor organizations, environmentalist and others.

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,  


CarbonCure Announces Major Strategic Investment (Ind. Report)
CarbonCure
Date: 2018-09-28
Halifax, Nova Scotia-based CarbonCure Technologies Inc. is reporting the closure of a major investment led by Breakthrough Energy Ventures, one of the world’s most sought-after clean technology investment partners.

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, info@carboncure.com, www.carboncure.com

More Low-Carbon Energy News CarbonCure,  


Caribbean Climate-Smart Accelerator Announced (Int'l. Report)
Caribbean Climate-Smart Accelerator
Date: 2018-08-17
The recently launched Caribbean Climate-Smart Accelerator reports the following Caribbean regin nations have joined its ranks: Grenada, St. Lucia, Dominica, Jamaica, Montserrat, Turks and Caicos, St. Kitts & Nevis, Antigua & Barbuda, US Virgin Islands, Anguilla, British Virgin Islands, Belize, Barbados, Bahamas, Guyana, Suriname, Costa Rica, Dominican Republic, Aruba, Curacao, Bonaire, St Vincent & The Grenadines, Panama, Haiti, Mexico, and Honduras. Additionally, more than 40 public and private sector organizations and prominent individuals such as Bill Gates of Microsoft, the Clinton Foundation, Airbnb, Tesla, Sir Richard Branson's The Virgin Group, and others are also onboard.

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, www.caribbeanaccelerator.org

More Low-Carbon Energy News Caribbean Climate-Smart Accelerator ,  


Alphabet Inc (GOOGL) and Bill Gates Working on Energy Storage Deal
Alphabet
Date: 2018-06-26
GOOGL – A molten-salt project could be spun out of Gates’ energy fund. Alphabet Inc (NASDAQ:GOOGL) is considering spinning out an energy storage product which the company has been working on, and big name investors are said to be interested. Reports indicate that Bill Gates’ Breakthrough Energy Ventures may be calling dibs. CNBC has the details on Google’s potential spinoff. Google parent company Alphabet is in discussions to spin out a molten-salt energy storage project in a transaction with Breakthrough Energy Ventures, a $1 billion fund devoted to energy research, MIT Technology Review reported. It is unclear if a deal has been finalized or how much money may be involved. Google’s project is code-named Project Malta, and it’s being led by Nobel Prize winner Robert Laughlin. The goal of the project is to store thermal energy which has been converted from solar and wind electricity into massive tanks of molten salt. The theory behind the plans suggests this would be a cheaper and more efficient technique for longer-term storage of renewable energy. In addition to Gates, the fund includes investors such as Jeff Bezos and Jack Ma. Alphabet Inc Class A shares rose $0.72 (+0.06%) in premarket trading Tuesday. Year-to-date, GOOGL has gained 8.15%, versus a 2.42% rise in the benchmark S&P 500 index during the same period. GOOGL currently has a StockNews.com POWR Rating of A (Strong Buy), and is ranked #2 of 51 stocks in the Internet category. Jun 26, 2018 | 7:19am | By StockNews.com Staff Alphabet

More Low-Carbon Energy News Alphabet news,  


$1bn BEV Fund Supports Energy Storage Startups (Funding)
Breakthrough Energy Ventures
Date: 2018-06-15
Breakthrough Energy Ventures (BEV), the $1 billion fund launched by Bill Gates, Jeff Bezos, Richard Branson, Mark Zuckerberg, Jack Ma, Mukesh Ambani, and George Soros in 2016 to create new energy technologies and fight climate change, is making its first investment. Focusing on the area of energy storage, the fund is investing in two startups: Form Energy Inc.and Quidnet Energy.

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,  


Gates Backing Carbon-Neutral A2F Fuel Project (New Prod & Tech)
Greyrock,Carbon Engineering
Date: 2018-02-12
Following up on our October 7, 2016 coverage, A new carbon-neutral fuel project that extracts carbon dioxide (CO2) from the air and converts it into a new transportation fuel is being touted by its developers Microsoft billionaire Bill Gates, Sacramento-based Carbon Engineering, and Harvard physicist David Keith, is being developed and tested in Squamich, BC.

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., gholmes@carbonengineering.com, www.CarbonEngineering.com; Greyrock Energy, Robert Schuetzle, CEO, Charles Nelson, VP Sales & Marketing, cnelson@greyrock.com, www.greyrock.com

More Low-Carbon Energy News A2F,  Carbon Neutral Fuel,  Greyrock,  Bill Gates,  Carbon Engineering,  


Aquion Energy Loosing Charge with Chapter 11 Filing (Ind. Report)
Aquion Energy
Date: 2017-03-13
In Pittsburgh, sodium-ion battery and large-scale energy storage system specialist Aquion Energy reports it has filed for Chapter 11 bankruptcy reorganization, halted its factory operations and ceased marketing and sales efforts.

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,  ,  

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