The carbon offset API developer Patch confirms a $4.5 million round led by Andreessen Horowitz

Patch, the carbon offset API developer, has raised $4.5 million in financing to build out its business selling customers a way to calculate their carbon footprint and identify and finance offset projects that capture the equivalent carbon dioxide emissions associated with that footprint.  Confirmi

Geothermal home heating gets a $30 million boost from Bill Gates’ Breakthrough Energy Ventures

There’s a low-energy solution to home heating and cooling sitting right underneath most houses, but until recently no one has been able to tap it at a low enough cost across a broad swath of the country. That solution is geothermal energy, using the earth’s own heat to provide temperatu

Use today’s tech solutions to meet the climate crisis and do it profitably

Five years ago I landed the Solar Impulse 2 in Abu Dhabi after flying around the globe powered solely by solar energy, a first in aviation history. It was also a milestone in energy and technology history. Solar Impulse was an experimental plane, weighing as little as a family car and using 17,248

Planning 500,000 charging points for EVs by 2025, Shell becomes the latest company swept up in EV charging boom

Shell’s plan to roll out 500,000 electric charging stations in just four years is the latest sign of an EV charging infrastructure boom that has prompted investors to pour cash into the industry and inspired a few companies to become public companies in search of the capital needed to meet de

EV charging stations, biofuels, the hydrogen transition and chemicals are pillars of Shell’s climate plan

Royal Dutch Shell Group, one of the largest publicly traded oil producers in the world, just laid out its plan for how the company will survive in a zero-emission, climate conscious world. It’s a plan that rests on five main pillars that include the massive rollout of electric vehicle chargin

New York’s David Energy has raised $4.1 million to ‘build the Standard Oil of renewable energy’

“We intend to build the Standard Oil of renewable energy,” said James McGinniss, the co-founder and chief executive of David Energy, in a statement announcing the company’s new $19 million seed round of debt and equity funding.  McGinniss’ company is aiming to boost renewable energ

LanzaJet inks deal with British Airways for 7,500 tons of low-emission fuel additive per year

LanzaJet, the renewable jet fuel startup spun out from the longtime renewable and synthetic fuel manufacturer LanzaTech, has inked a supply agreement with British Airways to supply the company with at least 7,500 tons of fuel additive per year. The deal marks the second agreement between the U.K.-b

Here’s how Elon Musk’s $100 million Xprize competition for carbon removal will work

Elon Musk notified the world that he would be donating $100 million to pursue new technologies for carbon capture, methods through which carbon dioxide can be actively extracted from the atmosphere as a means to help stave off climate change. As technewss reported in January when he made the tweet

Electric moped startup Revel launches an EV charging business

Revel, the shared electric moped startup, is building a DC fast-charging station for electric vehicles in New York City, the first in a new business venture that will eventually spread to other cities. The company said Wednesday that this new “Superhub,” which is located at the former P

SPACs are the construct VCs need to fund clean tech

In light of climate change and escalating global energy demand, more emphasis is being placed on emerging clean technologies — ranging from renewables and energy storage to nuclear power. Although these technologies have tremendous potential, they require lots of innovation, and innovation needs

Elon Musk is donating $100M to find the best carbon capture technology

Elon Musk said Thursday via a tweet that he will donate $100 million toward a prize for the best carbon capture technology. Musk, who recently surpassed Amazon’s Jeff Bezos to become the world’s richest person, didn’t provide any more details except to add in an accompanying tweet

Forsaking funding at a $1 billion valuation, Solugen preps a new green chemical product and a big 2021

Late last year, Solugen, a startup using synthetic biology to take hydrocarbons out of the chemicals industry, decided against pursuing a new round of funding that would have valued the company at over $1 billion, technewss has learned. Instead, the Houston-based bio-manufacturing company raised a

SilviaTerra wants to bring the benefits of carbon offsets to every landowner everywhere

Zack Parisa and Max Nova, the co-founders of the carbon offset company SilviaTerra, have spent the last decade working on a way to democratize access to revenue-generating carbon offsets. As forestry credits become a big, booming business on the back of multibillion-dollar commitments from some of

What’s behind this year’s boom in climate tech SPACs?

There’s no denying that 2020 has been the year of the special purpose acquisition company. Since the beginning of the year, 219 SPACs have raised $73 billion, according to widely reported market research from Goldman Sachs. That’s a 462% jump from 2019 and more than traditional public o