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BorgWarner acquires Rhombus Energy Solutions

Charged

San Diego-based Rhombus provides EV charging and power conversion technology, including V2G applications. Rhombus supplies its patented technology to EV OEMs, including Proterra, as well as charging and grid service providers. The transaction has an enterprise value of up to $185 million. Source: BorgWarner.

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GreenFire, Stoic to combine technologies for improved closed-loop geothermal

ThinkGeoEnergy

have announced a collaboration that will see the combination fo the company’s respective technologies for the repurposing of non-productive geothermal wells and oil and gas wells for geothermal energy utilization. The Stoic technology aims to enhance the performance of GreenLoop. GreenFire Energy Inc.

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Eavor completes $182 million equity round to advance closed-loop geothermal

ThinkGeoEnergy

Eavor Technologies Inc. Eavor) has announced the successful completion of $182 million in funding following an equity round led by OMV AG , with participation from Canada Growth Fund (CGF), Japan Energy Fund, Monaco Asset Management and Microsoft’s Climate Innovation Fund. The CGF contributed $90 million to the equity round.

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Greentown Labs and Browning the Green Space Announce Second Cohort for ACCEL, an Accelerator for BIPOC-led Climatetech Startups

Greentown Labs

The recurring, year-long program focuses on product and technology development, market development, fundraising, and management and team development. These early-stage startups are working on innovations from vertical-axis wind turbines to carbon-negative concrete. Aquasaic (Cambridge, Mass.) Its founder is Andre Gafford.

Startups 117
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Greentown Go Move 2022 with BASF and Magna Announces Startup Cohort Focused on Automotive Industry Decarbonization

Greentown Labs

The accelerator program, which specializes in advancing startup-corporate partnerships with BASF and Magna, welcomes five startups working on emissions-reducing innovations for automotive manufacturing. Heartland Industries (Detroit, MI, USA): Heartland produces materials and technologies to help decarbonize manufacturing.

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Eden raises USD 12 million in seed funding to advance reservoir stimulation tech

ThinkGeoEnergy

Eden , a startup developing permeability enhancement technology, has announced that it has closed an oversubscribed $12M seed funding round. Department of Energy (DOE) Advanced Research Projects Agency – Energy (ARPA-E) and a small business innovation research grant from the National Science Foundation. The company has raised $21.3M

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Technology Trending: data centres in space, smart home appliances, LNG tractor

Smart Energy International

Investigating the possibility of putting data centres into space, LG’s ThinQ UP smart home appliance global launch and ‘circular’ farming with onsite methanol production and use for powering tractors are in the week’s technology radar. Task force to innovate space applications for energy Unlocking smart meter data for research.