Investment
Solugen Raises Over $350m For Making Carbon Negative Chemicals
In a Series C funding, GreenTech Startup Solugen has raised more than $350 million, which will be put into decarbonizing the chemicals industry. The round was co-led by GIC and Baillie Gifford, with the participation of other investors like Carbon…
55 UK Green Shipping Projects to get £23m in funding
Winners from the UK’s Clean Maritime Demonstration Competition were announced this week, with Transport Secretary Grant Shapps saying over 55 green shipping projects will share £23m in government funding for development of their clean tech. The announcement coincides with the…
Spiber Raises Funding For US Vegan Spider Silk Facility
Spiber, the Japanese biotech company, announced it raised an enormous amount of $312 million in a funding round led by private equity firm Carlyle, as well as fund managers Baillie Gifford and Fidelity. Spiber’s plans for the funding are to…
European Commission backs Orbital Marine’s Floating Tidal project
Scottish technology developer Orbital Marine Power has received support from the European Commission in the development of its €26.7m ($31.5m) FORWARD 2030 project - aimed at accelerating the commercialisation of floating tidal energy. In addition to tidal power, the site…
Commentary: Aria Energy, Archaea Energy merger approved
Rice Acquisition Corp (RAC), a special purpose acquisition company focused on the energy transition, announced the approval of the Business Combination with Aria Energy and Archaea Energy, which will create the industry-leading renewable natural gas platform. Reference: https://www.businesswire.com/news/home/20210909006051/en/Rice-Acquisition-Corp.-Announces-Stockholder-Approval-of-Business-Combination-with-Aria-Energy-and-Archaea-Energy
Danimer Scientific to Progress Soybean-based Plastic
Biopolymer manufacturer Danimer Scientific has received a $400,000 grant from the United Soybean Board to expand its research into high-oleic soybean oil (HOSO) as a base for biodegradable plastics. The funding follows on from the group’s year-long collaboration with the…