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Meet Our Members: Introducing Greentown’s Newest Startups of Q1 2024

Greentown Labs

Twenty-four startups joined our community in Q1 2024, working on innovations ranging from biobased building materials, to sustainable rubber, to solar-powered flight. Puro Renewables upcycles carbon-negative biowaste to reduce the amount of fossil-fuel-based resin and carbon footprint associated with typical plastic products.

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What Alberta Premier Danielle Smith Gets Wrong About Heat Pumps

DeSmogBlog

A major cold snap led to record electricity usage in the Canadian province of Alberta over the weekend, culminating in demands from provincial utilities to limit consumption. The extreme cold and record-setting electrical consumption has reignited local debates about whether heat pumps are a viable option in the province.

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Inflation Reduction Act Activation Guide: Renewable Energy Procurement

EDF + Business

Decreased Renewables Cost: Levelized Cost of Electricity (LCOE) to project sponsors is expected to decrease by 40-60%, which will likely result in cost reductions for commercial electricity users. Notes: PTC stands for Production Tax Credit. ITC stands for investment tax credit. Sources: Deloitte Analysis, H.R.5376

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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. In news this week, COP28 wraps up with a landmark agreement on transitioning away from fossil fuels, DOE announces a new office focused on AI, and over 2M Teslas were recalled. for grid enhancements and $7B for hydrogen fuel hubs.

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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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? US clean investment cleans up with $239bn #187

Climate Tech VC

The US Clean Investment Monitor published its annual report for 2023, which saw clean investment total $239bn, up 38% from 2022. Energy & industry. Weaker residential construction activity cooled the HVAC sector, and heat pump sales bore the brunt at a 16% decline compared to 2022.  Happy Monday!  Manufacturing.

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The incredible shrinking heat pump

The Verge: Energy

Heat pumps can both heat and cool a home. They’re supposed to save energy, cut down utility costs, reduce pollution, and give residents access to air conditioning that didn’t have it before. So, in 2021, NYCHA and its partners announced a $263 million investment in electric heat pumps. This one is novel because it’s simple.