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Greentown Labs Member Milestones — July 2023

Greentown Labs

FUNDING Capture6 , a Carbon to Value (C2V) Initiative Year 3 participant, received an $8M+ grant from the California Energy Commission for advancing water recovery and carbon removal through its use of direct air capture technology that uses saltwater to create a solvent for carbon capture.

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? Headwinds for offshore wind #173

Climate Tech VC

Connecticut has implemented a bidding system that promises a 15% flex in power pricing indexed to inflation.    The EU also announced a “ Wind Power Package ” to speed up project permitting, improve auction design, and index auction prices and tariffs to better absorb increasing costs.