Investment
Biomass Innovations under Investigation Part 1: Algae
At the end of last month, the UK’s Department for Business, Energy and Industrial Strategy (BEIS) announced it was putting £4m in funding towards the Biomass Feedstocks Innovation Programme, with 24 projects selected and up to £200,000 of funding allotted…
Commentary : Harvard’s Fossil Fuel Divestment
Harvard university has bowed to pressure from environmentalists and shrugged off its fossil fuel investments. But could the move have unexpected consequences? This piece from The Guardian takes a look. Reference: https://www.theguardian.com/environment/2021/sep/14/fossil-fuel-divestment-harvard-oil-exxon-shell
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…