industrynews

Active Surfaces Secures $5.6M in Oversubscribed Pre-Seed Funding to Revolutionize Solar Technology: WOBURN, Mass., May 13, 2024 /PRNewswire/ — Active Surfaces, an innovative flexible solar panel startup spun out from MIT, announced today it has raised $5.6 million in an oversubscribed pre-seed funding round. The round was led by Safar Partners, a prominent deep tech […]

Novelis Files Registration Statement for Proposed Initial Public Offering: ATLANTA, May 13, 2024 /PRNewswire/ — Novelis Inc., a leading sustainable aluminum solutions provider and the world leader in aluminum rolling and recycling, today announced that it has filed a registration statement on Form F-1 with the Securities and Exchange Commission (the “SEC”) relating to the […]

Hydrexia and Lestari Form Strategic Partnership for Hydrogen Development: KUALA LUMPUR, Malaysia and SHANGHAI, May 13, 2024 /PRNewswire/ — Hydrexia Holding Limited (Hydrexia), a leading integrated hydrogen solution provider in China and Lestari H2GaaS Sdn Bhd (LHSB), a renewable energy and hydrogen technology commercialization arm of Petroliam Nasional Berhad (PETRONAS) in Malaysia today announced that the […]

Meta and Solarpack sign two agreements to bring renewable energy to Indiana May 10, 2024 SOURCE: SOLARPACK These strategic agreements between Meta and Solarpack will enable the construction of two solar projects with a total capacity of 210 MW (280 MWdc), supporting Meta’s presence in Indiana, including its recently announced $800 million data center. Solarpack […]

Mitra Chem Secures Investment from Alpha Wave Ventures; Adds Elan Frantz to Board of Directors: MOUNTAIN VIEW, Calif., May 13, 2024 /PRNewswire/ — Mitra Future Technologies, Inc. (“Mitra Chem”), a pioneering innovator in North American lithium-ion battery materials, today announced an investment from Alpha Wave Ventures as part of the company’s Series B funding round. […]

AEP Signs Agreement to Sell Distributed Resources Business to Basalt: COLUMBUS, Ohio, May 13, 2024 /PRNewswire/ — American Electric Power (Nasdaq: AEP) has entered into an agreement to sell its distributed resources business, AEP OnSite Partners (“OnSite”), to funds advised by Basalt Infrastructure Partners LLC. AEP expects to net approximately $315 million in cash after […]

Climeworks switches on world’s largest direct air capture plant08.05.2024 Key take-aways Climeworks starts operations of its to-date largest direct air capture and storage (DAC+S) plant, Mammoth, in Iceland. It is the second commercial DAC+S facility of Climeworks and is about ten times bigger than its predecessor plant, Orca. The plant is designed for a nameplate […]

re.green signs a landmark forest restoration project with Microsoftre.green has finalized its largest carbon removal (CDR) project to date. re.green will deliver approximately 3 million tons of carbon removal credits over a 15-year period through the restoration of forests using solely native species, encompassing the planting of at least 10.7 million seedlings. This offtake agreement […]

Cemvita Achieves Breakthrough in SAF Feedstock Production: Biosolutions leader for the energy industry reveals major milestone in the commercialization roadmap that enables large-scale production of sustainable oil. Cemvita achieves breakthrough in SAF feedstock production enabling large-scale production of sustainable oil. (Photo: Business Wire) May 07, 2024 08:10 AM Eastern Daylight Time HOUSTON–(BUSINESS WIRE)–Today, Cemvita, a […]

Li Industries Raises Series B Funding to Expand Next-Generation Battery Recycling Technology: PINEVILLE, N.C., May 9, 2024 /PRNewswire/ — Li Industries announced today the successful raise of a $36M Series B funding round to scale up its next-generation lithium-ion battery recycling technologies. The round was co-led by Bosch Ventures, Khosla Ventures and LG Tech Ventures […]