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New €2.5B Green Hydrogen Steel Venture Unveiled

GreenTechMedia

A new "green steel" venture in Sweden has been launched with bold plans to start production as early as 2024. Strategic investors already secured include the EU-backed incubator and investor EIT InnoEnergy. The ambition is similar to that of Swedish greenfield battery manufacturer Northvolt. billion ($3.04

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? 2023’s Most Headliney-Headlines #178

Climate Tech VC

Look forward to 2024 predictions from many of your favorite clairvoyant climate voices. Since the IRA passed, 265 clean energy and manufacturing projects worth $100B+ have been announced. conditional commitment to Ford’s battery manufacturing program. 👻 Spooky season for clean energy stocks.

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? Ammonia goes from fertilizer to fuel #180

Climate Tech VC

In other news, Hertz shifts gears on its EV strategy, Kerry steps down from his climate envoy post, and AI helps discover promising new battery materials.    In deals, $90m for animal-free dairy, $50m for fusion, and $30m for resi solar and storage.    Want more deals?

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? Old nuclear, new-clear #161

Climate Tech VC

The US grid got its first new nuclear power in nearly seven years last week. In deals this week, $125M for biomaterials made from CO2, $33M for grid power storage optimization, and $26M for carbon-sequestering cement. Happy Monday! Meanwhile, the ice in Antarctica is way behind its typical seasonal growth this year.

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? FOAK takes flight #182

Climate Tech VC

  In deals, $75m for batteries, $58m for mushroom-based food alternatives, and $50m for AI enabled satellite monitoring. H2 was awarded $272m from the European Commission’s Innovation Fund while LanzaJet received $14m from the US Department of Energy.    Thanks for reading! Philanthropy.