Over $223 million in transactions raised by Newlight Technologies for its AirCarbon technology & other news from cleantech firms

Newlight Technologies Secures $125M for Expansion of AirCarbon Production

Newlight Technologies Inc., a USA-based decarbonisation tech firm, recently secured $125 million in equity funding. GenZero led the round and saw contributions from Oxy Low Carbon Ventures, Charter Next Generation (CNG), a global luxury goods manufacturer, and other new and returning stakeholders.?

Newlight has signed deals with CNG to launch speciality films using AirCarbon and with OLCV to employ direct air capture (DAC) systems for sourcing carbon dioxide for AirCarbon manufacturing plants.?

Led by Mark Herrema, CEO, Newlight uses greenhouse gas to make a high-performance material called AirCarbon?, a versatile biomaterial synthesised by micro-organisms that consume greenhouse gas. This PHB (polyhydroxybutyrate) compound is pivotal in multiple industries, including fashion, food service, and automotive. https://bit.ly/3DMRtKk

Plotlogic Raises $28M in Series B for Advanced Mining Tech

Plotlogic, an Australian-based deep-tech mining innovator, has raised $28 million in a Series B funding round. Leading this investment are US venture capital entities: Galvanize Climate Solutions, co-founded by Tom Steyer and Katie Hall, and SE Ventures, an affiliate of Schneider Electric. The round also saw significant contributions from prior investors, including Innovation Endeavors, DCVC, Bentley iTwin Ventures, and GRIDS Capital. Main Sequence Ventures, representing the venture capital arm of Australia's national science agency, CSIRO, participated through its novel Main Sequence Three fund.

Plotlogic, recognised globally for excellence in ore characterisation, boasts partnerships with major industry players such as BHP, Vale, South32, and Pilbara Minerals. The company's flagship OreSense? technology, integrating advanced sensor systems with AI, offers real-time, precise ore characterisation forecasts. This groundbreaking tech empowers mining operations to enhance mineral and metal extraction efficiently.

With the recent funds, Plotlogic aims to diversify its platform's applications, amplify commercialisation efforts, and fund further R&D, primarily focusing on North American expansion. Dr Andrew Job, Plotlogic's CEO, highlighted the significance of the technology for sustainable mining and emphasised its critical role in meeting the mineral demands for a net-zero future. https://bit.ly/3Ot0z3J

GroGuru Secures $2.3M in Seed A Funding to Advance Water Management Solutions

GroGuru, a USA-based leader in strategic water management, recently closed its Seed A financing round, raising $2.3 million. Cove Fund and Impact Venture Capital co-led this round, with significant contributions from Integral Capital Partners, Comeback Capital, Right Side Capital Management, VIGR Crop, NutraDrip, and Thunderhead Crop.

GroGuru delivers precision soil and irrigation monitoring systems to the commercial farming sector. Leveraging a unique blend of its patented wireless underground system, a cloud-based AI recommendation engine, and an easily accessible user interface, the company empowers farmers to enhance crop yields while sustainably utilising water, energy, and other resources. https://bit.ly/3OLVMvy

Nikola Secures $58.2M in Hydrogen Station Grant Funding for Emissions-Free Transportation

Nikola, a USA-based leader in zero-emissions transportation via its HYLA brand, announced the addition of $16.3 million in grants, taking its total to $58.2 million for seven hydrogen refuelling stations.?

These awards include contributions from the Trade Corridor Enhancement Program (TCEP), EnergIIZE West Sacramento California Energy Commission, Mobile Source Air Pollution Reduction Review Committee, SacMetro AQMD, and South Coast AQMD.?

This funding builds on Nikola's partnership with Voltera, aiming to establish up to 50 HYLA stations in North America over five years. Nikola Energy's President Carey Mendes praised California's support in fostering a zero-emissions ecosystem. Nikola’s ambition encompasses expanding hydrogen fuel cell electric truck solutions and initiating a widespread hydrogen refuelling network. https://bit.ly/3qeVqUW

NOMAD Secures $9.5M Grant Rural Vermont Energy Project

NOMAD, a US-based company under Transportable Power Systems, has been awarded a $9.5 million grant from the U.S. Department of Energy to deploy long-duration energy storage in five rural Vermont communities. In partnership with Green Mountain Power (GMP), KORE Power, and EPRI, Nomad looks to enhance energy reliability, reduce carbon emissions, and solve emergency response situations.?

KORE Power, a producer of lithium-ion battery cells, and EPRI, a prominent electric reliability research organisation, will be instrumental in the project's execution and potential national scalability.?

Having previously purchased from NOMAD, GMP will use these systems to strengthen grid resilience. This collaboration will lead to the creation of mobile energy storage using KORE Power's next-gen modules, capable of supporting about 50 homes for 10 hours each. Additionally, these units will integrate EV charging facilities, ensuring sustained power for electric vehicles during outages. https://bit.ly/45fsL0G

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The Endow Capital Team

Endow Capital meets the most pressing global development issues by matching innovative companies with impact capital, achieved by its corporate finance advisory and strategic consulting services.?Find out more about our work.