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Swiss cleantech startup GR3N has raised €15.5 million in a Series B round to build the world’s first commercial-scale microwave-assisted PET recycling plant. The round was led by 360 Capital, with new investor VP Textile also participating. The proceeds will fund MODUS, a 40,000-ton-per-year facility in Spain. PET is one of the most widely used […]
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EU trade commissioner Maroš Šefčovič has called for a new “diversification instrument“ to reduce Europe’s dependence on single suppliers of chips and rare earths. He made the proposal at the European Policy Center’s Brussels Economic Security Forum on Friday. The tool would force companies in sensitive sectors to source from at least three different suppliers. […]
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The renderings are gorgeous. A mile-long vessel, 800 feet wide, 30 decks high, gliding across the open ocean with parks, schools, a 15,000-seat sports stadium, and enough residential space for 50,000 permanent inhabitants. Nuclear-powered, perpetually circumnavigating the globe, never docking in port. A floating city, in the most literal sense. The Freedom Ship has been […]
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The European Commission has called on households across the bloc to reduce electricity consumption during peak hours, citing the rapid growth of AI data centres, accelerating electrification, and rising overall digital infrastructure demand as factors straining European power grids. The Commission simultaneously published a Data Centre Energy Efficiency Package on 3 June that introduces a […]
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Focused Energy, a Germany-based fusion startup, has raised an oversubscribed $240 million Series A round to develop a commercial reactor based on the same approach that produced the world’s first controlled fusion reaction with net energy gain. The round, led by German utility RWE, brings the company’s total private capital to $300 million. Focused Energy […]
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Verily, the health and life sciences subsidiary of Google parent Alphabet, has asked the US Environmental Protection Agency for permission to release up to 64 million lab-bred mosquitoes across Florida and California over two years. The proposal, submitted under the company’s Debug initiative, would deploy male Aedes aegypti mosquitoes carrying Wolbachia bacteria into areas where […]
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Gigascale Capital, the venture firm led by former Meta chief technology officer Mike Schroepfer, has raised a $250 million fund to invest in energy, grid infrastructure, and critical minerals startups. The fund, announced on Monday, is Gigascale’s second and its first to include institutional investors. It arrives as most of the venture capital industry has pivoted […]
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Utah Governor Spencer Cox signed an executive order on Friday establishing a “higher bar for data center development” in the state. The order is effective immediately. It follows months of community outrage over the Stratos Project, a 40,000-acre hyperscale data centre campus backed by “Shark Tank” investor Kevin O’Leary that could reach 9 gigawatts of […]
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A 9-gigawatt data centre outraged a Utah community. The governor just issued new rules. Read More »
ChargePoint and Powers Parts, a national distributor of electric vehicle components and fleet replacement parts, have announced a partnership to sell ChargePoint charging hardware, software, and fleet management services directly to transit agencies across North America. The deal targets operators running E2 and ZX5 electric buses built by PhoenixEV, the company that acquired Proterra’s transit bus […]
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ContourGlobal, the independent power producer backed by KKR, has inaugurated a nearly $500 million solar-and-storage facility in Chile’s Atacama desert that stores daytime solar energy and delivers it after sundown. The Victor Jara hybrid plant combines 231 megawatt-peak of photovoltaic capacity with 1.3 gigawatt-hours of battery storage, capable of delivering 200 megawatts of power for […]
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Chile’s Atacama desert is becoming the world’s biggest battery farm Read More »