Advanced climate technology company Aether Fuels has successfully raised $34 million in Series A financing to expand its development of renewable fuels for the aviation and marine sectors. This significant funding round was led by AP Ventures, with participation from Chevron Technology Ventures, CDP Venture Capital SGR, and Zeon Ventures Inc.. Notable Series Seed lead investor Xora Innovation, along with TechEnergy Ventures, Doral Energy-Tech Ventures, Foothill Ventures, and JetBlue Ventures, also contributed to this round. AP Ventures’ Kevin Eggers expressed enthusiasm, saying, “We are pleased to add Aether to our portfolio of climate companies and delighted to join this impressive syndicate.” The newly secured funds will enable Aether Fuels to accelerate the scale-up of its proprietary technology, Aether Aurora. This innovative solution, which builds on previous successes, aims to create sustainable fuels for the aviation and ocean shipping industries. Aether Aurora leverages technology licensed from strategic partner GTI Energy, promising breakthrough economics through a transformed Fischer-Tropsch (FT) process. By combining innovations in chemistry (catalysts), equipment (reactors), and process flows, Aether aims to reduce plant investment and operating costs while increasing yield. The company plans to open a 100-gallon-per-day test plant, marking a significant step in its growth trajectory. Aether Fuels’ technology is highly flexible, capable of converting a wide range of waste carbon feedstocks into jet fuel and other liquid hydrocarbons. Connor Morgan, CEO of Aether, highlighted the importance of scaling production capacity: “This is a group of financial and strategic leaders that see clearly the need to expand the supply of sustainable fuels. Without dramatically scaling the capacity to produce these fuels, supply will remain seriously constrained, and the transition will be slow, if not impossible. The result: more product at vastly lower CapEx costs than existing approaches.” Read the article on our blog! https://lnkd.in/gXY3qftH #AvfoilNews #SustainableFuels #RenewableEnergy #ClimateTech #Aviation #Marine #AetherFuels #APVentures #ChevronTechnologyVentures #CDPVentureCapital #ZeonVentures #XoraInnovation #JetBlueVentures #TechEnergyVentures #DoralEnergyTechVentures #FoothillVentures #FischerTropsch #GTIEnergy #GreenEnergy #CleanTech
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Can green hydrogen decarbonise heavy industry? ?? These investors think so: AP Ventures, Breakthrough Energy , Aramco Ventures, Equinor Ventures, Horizons Ventures, Venture Kick, Braemar Energy Ventures, IP Group plc, TotalEnergies Ventures according to a recently published study by H2UB and Net Zero Insights. But what are the risks, challenges and opportunities startups are facing? Where is this technology at today in terms of adoption. And what is its potential? These startups are unlocking green hydrogen's potential. Who have we missed? Atmonia Convion Elcogen Plug Power Spark Cleantech Accelera by Cummins CibusCell Technology Green Hydrogen Technology HSL Technologies (HySiLabs) We'll cover it all in the next HackTrend Report with Meg Kendall.
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Welcome onboard Taranis Investment! Taranis has joined Emerald’s energy fund as a limited partner. The collaboration aims to help Taranis, the investment and asset management arm of Perenco, make inroads into new technologies along the energy transition value chain as it implements its climate goals. ??Perenco, a privately owned oil and gas company, has outlined climate targets that include a 45% reduction in scope-one greenhouse gas (GHG) emissions by 2030, compared with 2023 levels. ?As part of this push, Taranis Investment has formed a €200 million venture capital fund, which focuses on investing in technology startups in the fields of CCUS and plastic recycling (collection, sorting as well as chemical recycling). ?Emerald has extensive experience sourcing deals with next-generation energy startups on behalf of its LPs. And Emerald portfolio companies include key energy players, including SpotLight Earth, which already has a partnership with Taranis. The partnership focuses on helping CCUS companies monitor storage sites. ?? Read more: https://lnkd.in/gAmzXSgn Christoph W. Frei I Stephen Marcus I David Sorin #energytransition #energytransformation #energyfuture #oilandgasnews #ccus
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Our February 2024 round-up newsletter includes sustainable investment news on the over $1 billion raised by cleantech companies Koloma, Fervo Energy, ENVIRIA , Ascend Elements and Antora Energy. https://bit.ly/48GEyGG Investors include: Khosla Ventures, Amazon, United, Bill Gates’ Breakthrough Energy Ventures, Energy Impact Partners, Devon Energy, Galvanize Climate Solutions, John Arnold, Liberty Mutual Investments, Marunouchi Innovation Partners, Mercuria, Mitsubishi Heavy Industries, Capricorn Investment Group’s Technology Impact Fund, Congruent Ventures, DCVC, Elemental Excelerator, Helmerich & Payne, Impact Science Ventures, BlackRock (through its Global Renewable Power IV fund), Galileo Green Energy Scotland, redalpine, Alter Equity, BNP Paribas Développement, Just Climate, Clearvision Ventures, IRONGREY, Decarbonization Partners, Temasek, Qatar Investment Authority, Emerson Collective, GS Futures, The Nature Conservancy, a subsidiary of NextEra Energy Resources, LLC, Trust Ventures, Lowercarbon Capital, Breakthrough Energy Ventures, BHP Ventures, Overture VC, and Grok Ventures. This month's featured innovation is the MK-V Electric Self-Driving Tractor from Monarch Tractor.? Developed with input from farmers, it is designed for ease of use and durability and aims to improve farming practices' efficiency, safety, and sustainability. Subscribe to our monthly newsletter to learn about these and future sustainable investments. #sustainableinvestment #EndowCapital #sustainablefinance #cleantech #innovation #cleantech
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Newlab is thrilled to join Shell Ventures, Eni Next, bp Ventures, Engine Ventures, Vale, and others in Mantel's $30M Series A. Mantel has developed the first molten-salt-based carbon capture technology designed to operate at the high temperatures found inside boilers, kilns, and furnaces. This funding will accelerate the deployment of their critical technology at an industrial scale—aiming to make significant strides in reducing CO2 emissions to achieve carbon neutrality. ?? Mantel and Newlab are collaborating to bring low-cost energy efficient carbon capture to Louisiana with our partners Greater New Orleans, Inc. – GNO, Inc. and the U.S. Department of Energy (DOE). We're excited for the next chapter of Mantel's growth and unlocking more collaborations across the Newlab ecosystem. Read more: https://lnkd.in/eyCzW2Xm
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?? DRIFT Energy Ltd has secured £4.65 million in seed funding to advance its innovative ‘free range wind farm’ concept for producing renewable hydrogen at sea. ?? DRIFT Energy’s groundbreaking approach involves integrating an electrolyser into autonomous yachts equipped with modern aerofoil sails and underwater turbines. These yachts will sail the deep ocean, harnessing strong winds to generate hydrogen from seawater. The hydrogen will then be offloaded at ports once the tanks are full. ????? Venture capital firm Octopus Ventures led the seed funding round, with additional backing from the Blue Action Accelerator, a blue economy investment platform. ???? Ben Medland, DRIFT Founder and CEO, praised the investment: “Octopus Ventures is a prolific and experienced investor in the field of Deep Tech, and we are thrilled to announce their investment in DRIFT. Alongside the support from Blue Action Accelerator, this funding enables us to drive with momentum into the next phase of our mission.” The company plans to build its first 58-meter-long MVY (Most Valuable Yacht), capable of producing 150,000 kg of hydrogen annually. This superyacht will play a crucial role in DRIFT’s vision of creating a flotilla of vessels to deliver green hydrogen for maritime and port operations. ?? ? This innovative project not only represents a significant leap in clean energy technology but also offers a sustainable solution to fuel independence and net-zero operations for other ships. ??? #RenewableEnergy #OceanTechnology #Innovation #SustainableFuture #DRIFTenergy #OctopusVentures #BlueActionAccelerator #CleanEnergy #MaritimeTech https://lnkd.in/gKS5tYGN
DRIFT receives £4.65m funding for green hydrogen-producing yachts
seatrade-maritime.com
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In what is being described as Australia’s largest Series B funding round by a climate tech startup, NSW firm Hysata has secured $172 million to further develop its green energy technology. Its high-efficiency electrolyser is designed to transform how green hydrogen is produced by using less energy to convert water to hydrogen. It is predicted to play a role in the faster decarbonisation of heavy transport, steel making and chemical manufacturing, reports SmartCompany. Hysata will use the funds to expand its Wollongong facility to reach gigawatt-scale manufacturing of its electrolyser and reduce hydrogen costs. The oversubscribed funding round was co-led by the venture arm of bp and Hong Kong-based asset management firm Templewater, each committing $10 million, with other investors including IP Group Australia, Virescent Ventures on behalf of Clean Energy Finance Corporation, Hostplus and TelstraSuper. Announcing the raise on LinkedIn, CEO Paul Barrett said it was exciting to see global recognition for the startup's "gamechanger" tech. “The real measure of success is not the amount raised, but how we use it to make a difference. We have a clear path to deliver world-first electrolyser performance that will produce the lowest cost green hydrogen,” he wrote. Green hydrogen has attracted attention as a clean energy source, with Australian billionaire Andrew Forrest committing $1.14 billion to three projects in Australia and the US, and the federal government recently attributing $1.6 million towards a feasibility study for one of Australia's first large-scale green hydrogen projects in the Kimberley region. What does such a mammoth raise indicate about the confidence in the clean energy transition? How can Australia lead the green energy transition? Share your thoughts below. By Cathy Anderson Sources:? SmartCompany: https://lnkd.in/gEKGKffj Paul Barrett: https://lnkd.in/g43xcRdK Australian Broadcasting Corporation (ABC): https://lnkd.in/gaEE6hQF The Australian Financial Review: https://lnkd.in/gm2pXaNt
I am thrilled to announce an incredible milestone in Hysata’s journey today. We have closed our oversubscribed Series B financing round at $111.3m USD ($172m AUD) with a world leading syndicate of investors backing us on our mission to redefine the economics of green hydrogen production. Hugely proud of this outstanding team effort that will accelerate Hysata’s growth plans towards deploying our first commercial electrolyser units globally. This Series B round was co-led by bp and Templewater. Massive thanks to our existing shareholders who have been with us from inception and made a significant contribution to this round – IP Group plc Australia, Kiko Ventures (IP Group plc’s cleantech platform),?Virescent Ventures on behalf of Clean Energy Finance Corporation, Hostplus, Vestas Ventures and BlueScopeX. I would also like to warmly welcome our new shareholders including POSCO Holdings, POSCO E&C, IMM Investment Hong Kong, Shinhan Financial Group Co., Ltd, Twin Towers Ventures (TTV), Oman Investment Authority's VC arm IDO and TelstraSuper. This is a phenomenal group of like-minded financial and strategic investors, with a shared vision of accelerating the decarbonisation of hard-to-abate sectors. They each bring immense value to Hysata through their experience, expertise, global footprint, connections, and customer demand in the green hydrogen industry. It is exciting to see the huge industry pull and global recognition for what we and our customers have realised early on: Hysata's technology is a gamechanger and nothing comes close in performance or cost. Our high efficiency electrolyser (41.5 kwh/kg incl BoP) has intrinsically low capex and a capital efficient path to mass manufacturing. The real measure of success is not the amount raised, but how we use it to make a difference. We have a clear path to deliver world-first electrolyser performance that will produce the lowest cost green hydrogen. I’ve said it before: bringing transformational technology to market is a team sport. Our people and culture define who we are - a huge thank you to our team and their loved ones for their unwavering support. For Hysata, culture isn't just a buzzword—it's the foundation of our sustained success and growth. Thanks also to our board, global advisory council, community, supporters and customers for fuelling our passion and determination to succeed. Hysata. Green Hydrogen. Efficiency Wins. Nick Kendall Felipe Arbelaez Gareth Burns Alfred Wong Baidi Li Mike Molinari Alistair McCreadie Greg Smith Robert Trezona Blair Pritchard Ian Learmonth Ben Gust Sam SICILIA Todd O'Neill Jared Balavender Henrik Andersen Anders Nielsen Brian Ahn KUSTIN L. John Jongwoo Yoon Raja Dinni Raja Azmi Anis Rafael Ibrahim Al Eisri Al Muthar Al Kharusi Andrew Garey
Australian Startup Mimics Trees to Make Cheaper Green Hydrogen
bloomberg.com
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What's happening this week in #climatetech? Check out the updates below ?? and let us know what else is going on in the comments! #Fundraising ?? Sortera Technologies, Inc. a Fort Wayne, IN-based metal recycler, raised $44m in Series C funding from Breakthrough Energy Ventures, Macquarie Group, Misubishi Mineral Resources Group, and RA Capital Management. ? ? M2X Energy Inc. a Rockledge, FL-based modular gas-to-methanol developer, raised $40m in Series B funding from Conifer Infrastructure Partners, AddVentures by SCG, Autodesk Foundation, Breakthrough Energy Ventures, and Eni Next. ?? Princeton NuEnergy, a Bordentown, NJ-based lithium-ion battery recycler, raised $30m in Series A funding from Helium-3 Ventures, Samsung Ventures, Honda Motor Company, LKQ Corporation, SCG, Traxys North America, and Wistron Corporation. ? Molten Industries, a San Francisco, CA-based methane pyrolysis developer, raised $25m in Series A funding from Breakthrough Energy Ventures, Fifty Years, J4.Ventures, Jane Woodward, Mark Heising, Moai Capital, Peter Attia, Sozo Ventures, Steelhead Capital Management, UVC Partners, and Union Labs Ventures. ? ?? Tender Food a Boston, MA-based alternative meat maker, raised $11m in Series A funding from Rhapsody Venture Partners, Claridge Partners, Lowercarbon Capital, Nor'easter Ventures, and Safar Partners. ?? In other #industry news: ???? Updates in the #EV industry: Fisker EV has unfortunately declared bankruptcy, facing challenges in mass production and sales due to quality issues. In related news, BMW has withdrawn from a $2.2 billion contract with Northvolt for EV battery cells, following reports of production delays by the battery startup, which has also halted plans for a new cathode facility. ?? On a brighter note in the #carbon markets , Salesforce is making significant strides in environmental impact by joining Frontier's initiative, committing $25 million towards a collective goal of purchasing over $1 billion in permanent carbon removal by 2030. Furthermore, Frontier has secured $48.6 million in agreements with Stockholm Exergi for a carbon removal retrofit at their biomass-fueled heating facility, marking a substantial move towards cleaner energy solutions. ?? In the U.S., CarbonCapture Inc. is setting up the nation's first modular direct air capture system aimed at mass production. Meanwhile, Indigo Ag is delivering a record 40,000 metric tons of soil-based carbon credits to Microsoft, setting a new benchmark in the industry. #CommunityEngagement Let's celebrate these achievements and continue pushing the boundaries of innovation and sustainability! Special thanks to Sightline Climate (CTVC) for providing the deal info. Share your thoughts and let us know what other exciting developments are happening in the world of climate tech. Together, we can drive the change towards a cleaner, more sustainable future. #CleanTech #Sustainability #Innovation #Fundraising
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Hopefully this is the beginning of the trend, and the investor pool is waking up to the beauty of #naturalhydrogen, with funds being channeled into this carbon net-zero, commercially sensible fuel of the future
Fast-moving Koloma widened its funding lead over rival startups in the emerging geologic hydrogen industry with a $246 million round led by Khosla Ventures #hydrogen #sustainability #energy
Bill Gates-Backed Clean Fuel Startup Raises $246 Million To Aid Plans To Drill For Hydrogen
forbes.com
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Two announcements in a row from AFI Ventures today! ? ??Bohr Energie has raised €4M led by Varsity, with participation from Founders Future and Ventech's impact arm - AFI Ventures. ?? What is Bohr Energie??? Founded in 2021 by the amazing Julien Haure,?Julien Chollet,?Luis Urday, Jean Pierre Madereel, and Dan Cabrol, Bohr énergie offers a comprehensive range of services to optimize the performance of renewable energy production facilities across four specialties: production aggregation, flexibility management, producer services, and consulting. ??With a booming €30B renewables market in France, Bohr is well positioned to lead the charge towards a decentralized, sustainable energy future. ??At AFI Ventures, we're thrilled to back Bohr Energie in its mission to transform the renewable energy landscape! cc: Charles Fourault, Mamadou Dembele, Audrey Soussan, Constantin de Chaudenay, Juliette Lelièvre #ImpactInvesting #RenewableEnergy #AI #Sustainability #GreenTech #Startups #EnergyTransition #AFIVentures #Ventech
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