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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,  


Battery Specialist ESS Raises $30Mn for Expansion (Ind. Report)
ESS Inc.
Date: 2019-10-28
Wilsonville, Oregon-based commercial-scale floe-battery energy storage systems specialist ESS Inc, reports it has secured $30 million in a Series C investment round led by Breakthrough Energy Ventures and SoftBank Group's SB Energy and various new investors.

The new funding will be used to expand and automate the manufacturing process of the company's second-generation iron flow battery technology. The new module design is incorporated into the company's Energy Warehouse™ (EW) containerized storage product and introduces its utility-scale product platform, the Energy Center™ (EC). (Source: ESS Inc., PR, NewsWire, 28 Oct., 2019) Contact: ESS Inc., (855) 423-9920 www.essinc.com

More Low-Carbon Energy News ESS Inc.,  Battery,  Energy Storage,  


Sierra Energy Closes on $33Mn for FastOx Technology (Funding)
Sierra Energy
Date: 2019-08-02
Davis, California-based Sierra Energy Corp.reports it has closed a $33 million series A investment round led by Breakthrough Energy Ventures and joined by Cox Investment Holdings Inc., BNP Paribas SA, and others. The funding will be used to develop and commercialize the company's FastOx gasification technology, which converts virtually any waste into clean, renewable energy and fuels without burning.

Sierra Energy's FastOx technology, developed by Sierra Energy and supported by grant funding from the U.S. Department of Defense and the California Energy Commission, uses oxygen and steam to heat waste to 4,000 degrees F at which it breaks down into an energy-dense syngas allowing the recovery of inorganic material as either a non-leaching stone or molten metal, according to the company. Sierra Energy's modular FastOx technology can be scaled to large size, does not produce process emissions and all outputs are saleable, according to the company. (Source: Sierra Energy Corp. , 31 July, 2019) Contact: Sierra Energy Corp., Mike Hart, CEO, (530) 759-9827www.sierraenergy.com

More Low-Carbon Energy News Sierra Energy,  Syngas,  


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.,  


Alfa Laval Takes Stake in Energy Storage Innovator Malta (M&A)
Alfa Laval,Malta Inc
Date: 2018-12-21
Lund, Sweden-headquartered Alfa Laval reports it has taken a minority equity stake in the newly created renewable energy storage technology specialist Malta Inc.

Malta's electro-thermal system can store energy from any source in any location, making existing capital investments in both fossil and renewable forms of generation more productive while dramatically improving power grid stability and resilience.

Malta's investors includes Alfa Laval, Breakthrough Energy Ventures, and Concord New Energy Group. (Source: Alfa Laval, PR, Dec., 2018) Contact: Alfa Laval, Malta Inc.,https://x.company/contact, https://x.company/projects/malta

More Low-Carbon Energy News Alfa Laval,  Energy Storage,  


Pan-United Intros CarbonCure Tech to Asian Markets (Int'l. Report)
CarbonCure
Date: 2018-11-19
In Atlantic Canada, Nova Scotia-headquartered clean technology company CarbonCure Technologies Inc. reports it has partnered with Singapore concrete innovation company Pan-United Corporation Ltd to bring CarbonCure's breakthrough CO2 recycling technology for concrete manufacturing to Asian markets.

The CarbonCure Technology chemically converts CO2 captured from industrial emitters into a nano-mineral that becomes permanently embedded within concrete. The process improves concrete's compressive strength and enables concrete producers to realize manufacturing efficiencies while reducing the concrete's carbon footprint. The CarbonCure Technology has the potential to save over 4,000 tpy of CO2 at each Pan-United concrete plant.

Pan-United, Singapore's largest concrete and cement company, with operations in Malaysia, Indonesia, and Vietnam, is the first concrete firm to attain Singapore Green Building Council(SGBC) LEED sustainability certification.

CarbonCure, a world leader in CO2 utilization technologies for the concrete industry, announced in September that it had closed a strategic round of investment led by Breakthrough Energy Ventures, a $1 billion clean technology investment fund created to accelerate the world's transition to clean energy. (Source: CarbonCure Technology, PR, 19 Nov., 2018) Contact:: Pan-United Group. Ltd., Janelle Loh, +65 6305 7346, janelle.loh@panunited.com.sg, www.panunited.com.sg; CarbonCure, Robert Niven, CEO, (902) 442-4020, info@carboncure.com, www.carboncure.com

More Low-Carbon Energy News Cement,  CarbonCure,  CO2,  


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,  


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,  

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