Axle Energy, an energy flexibility platform connecting distributed assets with energy markets, has raised €8.3 million in seed funding to accelerate its mission to decarbonise the grid. Accel led the round, with participation from existing investors Picus Capital and Eka Ventures. A number of notable angel investors also participated, including Amit Gudka (founder and CEO
In a groundbreaking discovery, the Massachusetts Institute of Technology (MIT) suggests that old soda cans and seawater could be the key to revolutionizing fuel production and creating a sustainable source of clean energy. MIT engineers have discovered that when pure aluminum from soda cans is exposed to seawater, it creates bubbles and naturally generates hydrogen.
China aims to cut carbon emission from its coal-fired power industry by launching low-carbon upgrades and applying new power generation technologies, according to a government plan. China, the world’s top energy consumer, relies largely on coal which is the most carbon-intensive source of energy. In an action plan jointly issued by the National Development and
Hamad International Airport (DOH) has partnered with Siemens to optimise its district cooling infrastructure, aimed to conserve and reduce energy consumption and support the airport’s growth plans. Completed in November 2023, the project is in line with Hamad International Airport’s environmental sustainability goals, which include reducing carbon efficiency by 30% by 2030. Hamad International Airport’s
The ‘Dubai Green Spine’ project, a vision to transform the Sheikh Mohammad Bin Zayed Road (E311) into a pioneering 64-km-long sustainable corridor, has been unveiled. Spearheaded by URB and developed by its ambitious research arm, EPIC Lab, this transformative project aligns with the Dubai 2040 Urban Master Plan. It aims to revolutionise urban mobility, elevate
The energy flexibility platform Orus Energy has raised a €2.2 million pre-seed round to help decarbonise the power grid. The company has built a demand-side flexibility platform enabling commercial building operators to automatically shift energy consumption during peak energy periods. The funding round was led by top tier European venture capital firm b2venture and top
For months, Philip Matthias tried to convince his father to install solar panels on their company’s roof in the eastern German state of Thuringia, aiming to cut electricity costs and carbon emissions at the metal products factory. Initially sceptical of the 2.3-million-euro ($2.5 million) investment, a substantial sum for the medium-sized Tridelta, his father crunched
BP has entered into a Joint Development Agreement (JDA) to join the existing consortium of Masdar, Hassan Allam Utilities and Infinity Power to explore the potential development of a multi-phase green hydrogen (gH2) project in Egypt. Under the JDA, BP will act as the main developer and operator of the project on behalf of the
Libattion, a fast-growing, leading-edge company offering stationary energy storage solutions from upcycled electric vehicle batteries based in Zurich, has secured a total of €14 million. The round was led by A&G Energy Transition Tech Fund together with Spanish automotive components manufacturer Teknia, the Portuguese fund HCapital New Ideas II and Swiss energy utility company EBL.
Climate risk intelligence company Climate X has raised €16.8 million to accelerate its global expansion and help the world’s leading financial organisations price the impact of climate change across their physical asset portfolios. GV (Google Ventures) led the Series A investment round, supported by Pale blue dot, CommerzVentures, A/O, Blue Wire Capital, PT1, Unconventional Ventures
