Over $293 million in transactions as Ionomr Innovations Inc gains a new investment & other news from cleantech firms
Ionomr Innovations Inc. Gains Investment from Asahi Kasei for Advancing Green Hydrogen Technology
Ionomr Innovations Inc. (Ionomr), a Canada-based startup, has recently received an investment from Asahi Kasei, a diversified Japanese global manufacturer. Renowned for their innovative anion exchange membranes (AEM), Ionomr's technology is pivotal in the green hydrogen sector, offering a high-performance and durable solution for electrolysis using renewable energy. This technology stands out for its ability to conduct electrolysis without needing precious metal catalysts, enabling cost-effective scalability. Ionomr's advancements in AEM are poised to play a critical role in the global transition towards a zero-emission society, particularly in the large-scale production of green hydrogen.
The partnership with Asahi Kasei marks a significant milestone for Ionomr Innovations. Asahi Kasei brings a wealth of experience in membrane-process electrolysis and alkaline water electrolyser development. The collaboration is expected to enhance the performance and market reach of Ionomr’s AEM products, further cementing Ionomr's position as a leader in the green hydrogen sector and accelerating the journey towards sustainable energy solutions. https://bit.ly/3t4xPYv
Nth Cycle Secures $44 Million in Series B and Non-Dilutive Financing for Clean Metal Refining Technology
Nth Cycle, a US-based innovative critical metals refining company, has successfully closed a financing round comprising $37 million in Series B funding and an additional $7 million in non-dilutive financing. VoLo Earth Ventures, MassMutual through MM Catalyst Fund I, Caterpillar Venture Capital Inc., and Equinor Ventures led this round.?
Nth Cycle, recognised for its groundbreaking Electro-Extraction technology, has received significant support for its modular refining system known as The Oyster. This technology offers a sustainable alternative to traditional pyrometallurgy methods, focusing on refining a range of feedstocks into metal products essential for the clean energy economy in the United States.
This latest funding will enable Nth Cycle to enhance its commercial operations, including setting up a new partner testing facility, expanding its commercial team, and enlarging its headquarters. https://bit.ly/3GJofx3
Blue World Technologies Raises Over $11 Million for Advancing Fuel Cell Solutions in Maritime Industry
Blue World Technologies, a Denmark-based fuel cell manufacturer, announced an $11.88 million pre-C-round funding, led by Maersk Growth, the venture arm of A.P. Moller – Maersk, alongside The Export and Investment Fund of Denmark (EIFO), Cycle Group, and other new and existing shareholders. This announcement, made during COP28 in Dubai, highlighted Blue World Technologies' high-temperature PEM fuel cell technology as a key player in decarbonising the maritime industry. The Danish Minister for Climate, Energy, and Utilities,?Lars Aagaard, along with Alexa Ríos Araneda from Maersk Growth and Peder Lundquist from EIFO, were present to endorse this initiative.
Blue World Technologies aims to address the shipping industry's environmental impact, responsible for about 3% of global greenhouse gas emissions. Their methanol fuel cells, with an electrical efficiency of up to 65%, reduce fuel consumption by 20-30% and are capable of 100% CO2 capture, enabling more sustainable shipping. This collaboration emphasises the industry's growing demand for green fuel solutions and the potential role of fuel cell technology in closing the price gap with conventional fuels for a greener shipping future. https://bit.ly/3t55FN0
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X-Energy Completes $235 Million Series C Financing for Advanced Nuclear Reactor Development
X-Energy Reactor Company, LLC ("X-energy"), a US-based leader in small modular nuclear reactors and fuel technology, has successfully closed its Series C financing round, raising $235 million. This includes an additional $80 million from Ares Management Corporation and X-energy's founder, Kam Ghaffarian. The financing round also saw participation from Ontario Power Generation, Curtiss-Wright Corporation, DL E&C, Doosan Enerbility, and conversions of certain outstanding convertible notes.
X-energy is at the forefront of developing the Xe-100, a high-temperature gas-cooled advanced small modular reactor, and its proprietary TRISO-X fuel. This technology is aimed at delivering zero-carbon energy efficiently and safely worldwide. The US Department of Energy, recognising the strength of TRISO fuel, supports X-energy's initial deployment of the Xe-100 at Dow’s facility in Seadrift, Texas. This project will mark North America's first grid-scale advanced nuclear reactor serving an industrial site, focusing on providing zero carbon emissions power and steam. https://bit.ly/3RgBiLA
TokWise Secures $3.24 Million Investment for Renewable Energy Platform Expansion
TokWise, a Bulgaria-based SaaS platform specialising in renewable energy, has secured a $3.24 million equity investment led by German renewable energy producer Encavis. The funding, also involving Bulgarian venture capital firm Vitosha Venture Partners, will support TokWise's market presence in the EU.?
Established in 2018, TokWise's software platform aids renewable energy entities in active market participation and supports decision-making processes. This investment, the second from Vitosha Venture Partners, a $27.9 million early-stage fund, follows their initial lead in funding TokWise. https://bit.ly/3v0aabY
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