Investment
DMC Announces First Close of Series B Financing, Raising $34 million
2 December 2021 – DMC Biotechnologies has completed the first close of its Series B fundraising, raising $34 million (USD) with investment from Cibus Enterprise, Capricorn Partners, Sofinnova Partners, Breakthrough Energy Ventures, SCG, Boulder Ventures, Solvay Ventures and Michelin. DMC…
UK Government Invests £116m to Boost Green Innovation
The UK Government has financed more than €136 million to boost green innovation across the nation, including Bioenergy with Carbon Capture and Storage (BECCS) technology. The funding is expected to oversee projects, specifically focusing on increasing energy efficiency, reducing carbon…
Indonesia Sets New Targets for its Biodiesel Programme
Indonesia will need to boost the bio-content of its palm oil-based biodiesel to 40% by 2024 or become unaccounted for its renewable energy targets. The country already had a mandatory biodiesel programme with 30% palm oil content, commonly known as…
Newheat snaps up €7 million to develop solar power
French solar power leader NewHeat has attracted €7 million for renewable energy R&D and commercial deployment. The funds will enable NewHeat to remain majority shareholders while helping launch their first venture outside France, a recently signed project in Croatia. Original…
Commentary: Why green energy firm Bulb’s collapse is not a big blow for renewables
While the entire industry is pondering upon the collapse of the mighty energy conglomerate, Bulb, this article by New Scientist sheds some light on the fact that its fall will not affect the renewable energy sector. It serves as opportunistic…
Drax outlines a £3Bn investment plan to double biomass production
UK-based power generator company Drax has pledged for sustainable biomass production and sales of the product by 2030. The company aims to capitalise on increasing demand from Europe and Asia, as countries look to move away from coal. The North…