Securing financing for a first-of-a-kind green industry project can be difficult. But H2 Green Steel, a Swedish startup with no prior operations, has successfully raised €6.5 billion in project finance for its hydrogen-based steelmaking project in Boden, Sweden. https://bloom.bg/3XCgJOq
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VoltR, a French manufacturer of sustainable lithium batteries, has raised €4 million in a seed funding round that included C4 Ventures, Exergon, Pays de la Loire Participations, and ANJOU AMORCAGE, and more. VoltR will use the proceeds to continue the development of a pilot plant, industrialise its refurbishment processes, carry out research and development, and for new hires. In addition to the seed funding round, VoltR has launched a Series A funding round of ‘several tens of millions of euros’, which is expected to close by Q4 2024. “Our aim is to build a European circular economy for lithium batteries in order to minimise their environmental impact,” said Alban Regnier, President and Founder of VoltR. “The largest lithium deposit is not buried within mines, but rather found in our homes.” Founded in 2022, VoltR manufactures batteries for a variety of applications from used products that retain 80% of their storage capacity on average. VoltR has raised a total of €2 million in seed capital and a further €2 million as a combination of debt and grants. #cleanenergy
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#fundingalert 💼Company: TES 💰Funding: €140Million ⚡Round: Third Round 👥Investors: Existing shareholders, AtlasInvest, Reggeborgh, Zhero and Zodiac Maritime. A multinational leader in the manufacturing of green hydrogen-based e-NG, TES is a leader in the field of sustainable energy. Tree Energy Solutions, a European-based company, is dedicated to providing everyone with dependable, reasonably priced green energy by executing large-scale projects through the application of a tried-and-true, scalable, and economical approach. This new capital will be used to develop TES’ global portfolio of green energy production and import projects. The fundraising attracted a global investor base comprising leading financial institutions and energy investors, including Azimut Group, Fortescue, E.ON, HSBC, O.G. Energy, Zhero and others. Marco Alvera', Paul van Poecke, Marcel Van Poecke, Marco Alvera', Cynthia Walker, Alexandra Pieton, Jens Schmidt, Natalie Jackson, Yves Vercammen Read more - https://lnkd.in/gVUX_YUv To share your startup story write us on - [email protected] #TreeEnergySolutions #economical #financial #global #funding #fundingnews #startupnews #news #startuprise
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In this issue of Hydroprocessing Carbon Magazine, Shell experts Willem Groendijk and André Buijs discuss the Catalyst Safety Assessment (CSA) methodology they created in response to an unease around potential high temperature and pressures during fresh catalyst and adsorbent startups. The objective of the CSA is to increase focus on risks during the transient phase of startups with fresh catalysts and adsorbents in Shell's facilities. Learn more by reading the article today: https://hubs.ly/Q02M4nfN0 #EnergyExperts #CatalystTechnology #ShellTransformsEnergy
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We are excited to share that an Australian startup, Hysata, has raised US$111 million to enhance green hydrogen production, making it more affordable and efficient. This funding round marks a significant milestone in the effort to reduce the cost of emissions-free hydrogen, a crucial step toward a sustainable energy future. This Series B round was co-led by bp Ventures and Templewater. We are thrilled to be investing alongside existing investors IP Group plc Australia, Kiko Ventures, Hostplus, and Vestas and new investors bp Ventures, POSCO, Shinhan Financial Group Co., Ltd., IMM Investment Hong Kong, Oman Investment Authority, Twin Towers Ventures (TTV), Virescent Ventures and TelstraSuper to enable the growth and commercialisation of this incredible technology! At Templewater, we are proud to support such innovative technologies that align with our commitment to sustainability and economic viability. This advancement underscores the transformative potential of green hydrogen in achieving global decarbonization goals. For more details on this groundbreaking development, read the full article on Bloomberg: https://lnkd.in/gj5_6cNS #GreenHydrogen #Sustainability #Innovation #CleanEnergy #Templewater #Decarbonization
Australian Startup Mimics Trees to Make Cheaper Green Hydrogen
bloomberg.com
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GTT Strategic Ventures, the investment arm of GTT Group, is joining forces with other companies to support Bluefins, a French start-up that creates ship propulsion systems. GTT is working with BNP Paribas Développement, Breizh Up, and Bluefins’ other investors, including Ifremer. Together, they are raising 4 million euros to help Bluefins grow. This money will allow Bluefins to begin testing its new technology at sea in early 2025 on a 45-meter AHTS vessel. The tests will be the first real-world use of Bluefins’ innovative propulsion system, and they plan to start selling their products after the tests. Bluefins was founded in 2021 and has partnered with Ifremer to develop a special propulsion system inspired by whale tails. Their technology uses an articulated hydrofoil, which moves like a whale’s fin, to help ships move forward. By using this system, ships can save up to 20% on fuel, as well as lower their CO2, SOx, and NOx emissions. The technology also improves the ship’s stability, making it safer to sail in rough waters. https://lnkd.in/g3bPUTiU
GTT Strategic Ventures invests in Bluefins to support the development of a more sustainable naval propulsion
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Sweden's innovative financing approach for green businesses breaks barriers in emerging green industries. Investors Harald Mix and Carl-Erik Lagercrantz spearhead a game-changing playbook, exemplified by ventures like H2 Green Steel and Northvolt. Their strategy—lining up customers first—differs from typical startups, leveraging commitments from customers to raise substantial funds. By prioritizing green hydrogen-powered steel and battery production, these ventures have attracted major investors and customers like Volkswagen, aligning with Scandinavia's hydroelectric power for added sustainability. Mix and Lagercrantz's method aims to create predictable demand for green technologies while reducing costs and ensuring profitability. Despite existing challenges and competition, their approach has already secured billions in investments for revolutionary projects. Beyond steel and batteries, their vision extends to heat pumps and potential opportunities in other industries, aiming to make a significant impact on global emissions. The success of their financial model sets a precedent for green manufacturing businesses and underscores the immense investment potential in the energy transition. #GreenFinance #SustainableInvesting #RenewableEnergy #CleanTech #ClimateAction #GreenEconomy #CarbonNeutral #Innovation
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At Aira, we're kicking off the new year with some exciting news: we've raised €145 million in our Series B financing round. In addition to our existing shareholders, we welcome a group of leading climate tech investors to the Aira family from across Europe, the US and Asia, including the Burda family, Nesta,Statkraft Ventures and Temasek. This new funding - which was oversubscribed and upsized from the initial €85 million target – will allow us to accelerate our mission to take Europe off gas by training and upskilling technicians in our state-of-the art Aira Academies and by further developing our markets. It's great to be on this journey to help even more people make the switch to heat pumps so they can save money on heating costs, while reducing their household carbon emissions. Here’s to an exciting year ahead! Find out more: https://lnkd.in/ey7rB_zA and here is to a great year ahead! 🎉 #HeatPumps #CleanEnergyTech #CleanEnergyExperts #SeriesBFunding
Aira raises €145 million in Series B financing
airahome.com
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The news is finally out! We’re proud to announce that we’ve secured over $10M in our #seed round, led by Ibex Investors and Fresh Fund, joined by strategic partners ENGIE New Ventures and ZIM Integrated Shipping Services 's ZIM Ventures, and our existing investors Jibe Ventures, MoreVC, Secret Chord Ventures, Alex Liakhovetsky, and Avishag Bohbot. CarbonBlue’s vision is one in which industry and environment work hand-in-hand to support a #sustainable future. This vote of confidence by our investors demonstrates their serious commitment to this cause – and, more importantly, helps ensure that the CarbonBlue vision will become a reality. We are looking forward to the next chapter in CarbonBlue’s story, to continue to grow and scale our technology and provide the tools to decarbonize the value chain of water-using #industries. We have learned a lot from the conversations we had with different industries and investors in this process, and feel as sure in our vision and mission as ever. Now it’s time to put these funds to good use. Stay tuned for more exciting news – soon! Dan Deviri , Iddo Tsur , ENGIE Research & Innovation , Olivier Sala , Johann Boukhors , Laurent Rambaud , Anne BAER , Tehila Brenner , Davide Romeo Nanni , Shiyun LIU , ENGIE , Gidi Kimchi , Oded Shachar , Ruby Chen , Jonathan Schwartz , Nicole Priel 🇮🇱 , Lian Swirsky , Zaki Djemal , Hidai Goldsmith , Oded Barel-Sabag , Bradley Bloom , Danny Hadar , Assaf Jacobi , Elliott Sussman , Jack Levy , Omri Krigel , Aaron Israel https://lnkd.in/dApYsMyS
CarbonBlue Closes $10 Million Seed Round For Water-based CO2 Removal
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🌎 Climate tech #startups that raised capital last week 👇 With more than 50 deals logged on the Net0 platform last week, we recorded some significant deals. Here's a list of the top seven deals: 🔌Canada, Québec-based FLO EV Charging, providing EV charging solutions for residential and public usage, raised $99M in a Series E round from Export Development Canada | Exportation et développement Canada, Caisse de dépôt et placement du Québec (CDPQ), Investissement Québec, BDC, Energy Impact Partners, and MKB & Co. 🌞Switzerland, Zurich-based candi solar, an energy company that offers a comprehensive solar solution for businesses, raised $38M in a Series C round from Norfund, Kyuden International Corporation, and STOA Infra & Energy. 🔋United Kingdom, Cambridge-based Echion Technologies, developing high-power anode materials for Li-ion batteries, raised $36.9M in a Series B round from Volta Energy Technologies, CBMM, BGF, and Cambridge Enterprise. 🌊Ireland, Louth-based XOCEAN, developing autonomous marine vessels for efficient ocean data collection, raised $32M in a Series B round and Debt financing from European Investment Bank (EIB), VentureWave Capital, Endeavor, and Enterprise Ireland. ☀️United States, San Carlos-based Swift Solar, developing and manufacturing perovskite tandem photovoltaics, raised $27M in a Series A round from Eni Next, Fontinalis Partners, Good Growth Capital, HL Ventures, and Toba Capital among others. ⚡United Kingdom, Edinburgh-based FOR EV, offering fast charging and rapid charging stations, supplying charge point requirements to help clients reduce carbon emissions, raised $12.7M in Growth Equity from The Scottish National Investment Bank. 🔋United States, San Diego-based UNIGRID Battery, developing sodium-ion batteries for stationary and e-mobility applications, raised $12M in a Series A round from Transition and Foothill Ventures among others. #climatetech #netzeroinsights #venturecapital #funding
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#CA-based Furno Materials Secures an #Investment from O’Shaughnessy Ventures. The deal’s total value was not made public. The money will be used by the company to grow both its operations and its clientele. Founded by Gurinder Nagra in 2020, Furno constructs #modular cement facilities that require less area, less energy, and a lower carbon #footprint than conventional plants. Rather than using coal, its modular cement facilities #consume natural gas. As a result, they can be heated and cooled more #effectively and emit less carbon dioxide than #conventional cement plants. The company’s plants are #portable and need little space, making them perfect for #construction in developing countries. They are made to fit within shipping containers. Furno’s Innovation Recipe Open and honest #communication is essential for a healthy environment. In order to guarantee that the most tried, most refined, and most thoughtful ideas win out, one must be willing to engage with and respect different #viewpoints and ideas. Furno Materials O'Shaughnessy Ventures Gurinder Nagra Prasanth Alapati To share your startup story write us on - [email protected] #furnomaterials #funding #startup
[Funding alert] CA-based Furno Materials Secures an Investment
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