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Greentown Labs Member Milestones — May 2024 

Greentown Labs

Funding Active Surfaces , a Go Build 2023 participant and ACCEL Year 1 alum that’s commercializing ultra-thin-film solar technology, raised a $5.6M CalWave Power Technologies , which is working to harness carbon-free power from ocean waves, was chosen by the U.S. Department of Energy.

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Cheap Wind and Solar Should Prompt ‘Rethink’ on Role of CCS, Paper Argues

DeSmogBlog

The falling cost of wind and solar power significantly reduces the need for carbon capture and storage technology to tackle climate change, a new paper has argued. Cheap, abundant renewable energy reduces the value of CCS in all areas.”. by the end of the century. Renewables. The Right Kind of CCS’.

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The government’s new ‘Earthshot’ — making it cheap to suck CO2 out of the atmosphere

Grist

government has a new goal to make it much cheaper to suck carbon dioxide out of the air. Today, we know how to generate clean electricity from the sun, wind, water, and the latent heat beneath the Earth’s surface. The Carbon Negative Shot is the third program in the Earthshots series.

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? Alterra’s $30B bridge for climate financing #176

Climate Tech VC

In deals, major funding includes $116M for hydrogen-powered aviation, $44M for sustainability software, and $75M in project finance investment for SAFs. In new funds, energy transition infrastructure is bringing in the big bucks with Brookfield's record-breaking $28B infra fund and Antin's $1.2B sustainable infra fund.

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If the world wants a green recovery, it must commit to innovation

Business Green

Negative emissions technologies are critical for the earth’s climate and hitting net zero in the UK, argues Drax CEO Will Gardiner. But it's vital we don't lose sight of long-term climate and energy challenges and the vital sustainability targets that must solve them. Going net negative. Work remains to be done.

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? Green linings & lessons from breakthroughs #159

Climate Tech VC

A breakthrough in next-generation geothermal, industry approval for emissions-free cement, and the start of construction on a first commercial sustainable aviation fuel (SAF) plant illustrate progress and put the focus on execution moving forward. Meanwhile, extreme heat boils over into labor issues.

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? 2023’s Most Headliney-Headlines #178

Climate Tech VC

Since the IRA passed, 265 clean energy and manufacturing projects worth $100B+ have been announced. 🔋 Renewables + storage turned out to be price competitive against fossil fuels after Lazard’s Levelized Cost of Electricity analysis included intermittency costs for the first time. Disaster seemed to be everywhere.