oil and gas
Orbio Earth finds methane leaks that could cost oil companies billions this year
Investors bet the startup’s algorithms, which feed on satellite data, will fill a significant gap in the methane market.
Meet 5 startups working to harness the Earth’s heat to save the planet
To tap into the massive amount of heat the Earth generates, enhanced geothermal startups are focused on advanced drilling techniques.
Oil and gas didn’t benefit from investor largesse in recent years — but renewables did
For oil and gas companies, steady rates of investment should be a worrying trend.
Aurora Hydrogen raises $10M, but will its process decarbonize or facilitate tar sand exploitation?
Aurora uses a microwave-based approach to liberate hydrogen from methane.
Look out Putin — Ukrainian woman invents ‘solar for balconies’ to wean Europe off Russian gas
Much has been made of how European countries are, on the one hand, supporting Ukraine in its fight against the heinous and illegal invasion by Russia but at the same…
Want to tame inflation? Start by ditching fossil fuels.
Anduril is raising up to $1.2B, sources say at a $7B pre-money valuation, for its defense tech
Technology built to improve state resilience — be it in the form of cybersecurity, energy independence, national defense or something else entirely — has come into stronger focus in the…
Workrise cuts staff, verticals after being valued at $2.9B last year
Austin unicorn Workrise has laid off an unspecified number of employees as it exits several verticals and seeks to divest parts of its business. The company, which has built a…
Europe lays out expanded ecodesign rules with plan for digital product passports
The European Union has announced a new bundle of sustainability-focused policy proposals that will expand existing ecodesign rules on energy efficiency by encouraging longer product lifespans, supporting the growth of…
China’s AR company Rokid closes $160M Series C to expand globally
Chinese startup Rokid has been through a few stages of transformation over its eight years of existence, and it’s recently raised some new funding to stay afloat. The Temasek-backed company…
Ecosia has started ploughing search ads profit into green energy
Not-for-profit search engine Ecosia has started funnelling a portion of the profits it generates from serving ads against users’ searches into startups in the renewable energy space. This is in…
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A step forward for CO2 capture
The air we breathe has a carbon problem. But in Hellisheidi, Iceland, a geothermally active plateau just outside of Reykjavik, a new technology is taking a small but mighty step toward fixing it. A plant called Orca, built by Climeworks, is the first-ever facility where CO2 is being filtered directly from the air and stored…
Multiple suspects believed to be linked to the Clop ransomware gang have been detained in Ukraine after a joint operation from law enforcement agencies in Ukraine, South Korea and the…
Workrise, once known as RigUp, raises $300M at a $2.9B valuation
Workrise, which has built a workforce management platform for the skilled trades, announced today that it has raised $300 million in a Series E round led by U.K.-based Baillie Gifford…
Building tech for worker safety, Guardhat Technologies is a company that could only come from Detroit
Saikat Dey, the founder of Detroit’s own Guardhat Technologies, got his start working in the steel industry. His last job, before founding Guardhat, was serving as the chief executive officer…
The carbon accounting and management platform Persefoni now has $9.7 million more in funding to support its international expansion, product development and recruitment efforts. The round, led by Rice Investment…
Andium is watching oil fields for emissions and just got money from the biggest oil companies to do it
Andium, a company focused on remote field monitoring of assets including oil and gas wells has just raised some not-insignificant cash in an investment round led by OGCI Climate Investments,…
A Supreme Court ruling affirming Canada’s carbon tax opens the door for a startup explosion
Last week the Canadian Supreme Court ruled that the national government’s plan to tax carbon emissions was legal in a decision that could have significant implications for the nation’s climate-focused…
Shell’s Gamechanger Accelerator selects three companies for its energy transition accelerator
Yesterday, the European oil and gas major producer Shell announced the latest cohort selected to participate in its Shell GameChanger Accelerator (GCxN), focused on supporting companies developing tech for the…
The Department of Defense is establishing a working group to focus on climate change
The U.S. Department of Defense is setting up a working group to focus on climate change. The new group will be led by Joe Bryan, who was appointed as a…
Mainspring Energy launches its flexible fuel generator with a $150 million NextEra Energy contract
Mainspring Energy, the developer of a new generator technology that use fuels like biogas and hydrogen, has unveiled its Mainspring Linear Generator, with a $150 million contract with NextEra Energy…
Volta Energy Technologies raises over $90M of a targeted $150M fund to back energy storage startups
Volta Energy Technologies, the energy investment and advisory services firm backed by some of the biggest names in energy and energy storage materials, has closed on nearly $90 million of…
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…
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…
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China launched its national carbon trading market yesterday
Yesterday, China flipped the switch on a nationwide carbon trading market, in what could be one of the most significant steps taken to reduce greenhouse gas emissions in 2021 — if the markets can work effectively. China is the world’s largest emitter of greenhouse gases and its share of the world’s emissions output continues to…
A Biden presidency doesn’t need a Green New Deal to make progress on climate change
Even without a Green New Deal, the sweeping set of climate-related initiatives many Democrats are pushing for, President-elect Joe Biden will have plenty of opportunities to move ahead with much…
CarbonChain is using AI to determine the emissions profile of the world’s biggest polluters
It was the Australian bush fire that finally did it. For 12 years Adam Hearne had worked at companies that represented some of the world’s largest sources of greenhouse gas…
EPA relaxes enforcement of environmental laws during the COVID-19 outbreak
The United States Environmental Protection Agency (EPA) announced on Thursday that it is temporarily relaxing enforcement of environmental regulations and fines during the COVID-19 outbreak. The “enforcement discretion policy” applies…
Wall Street’s terrible, horrible, no good, very bad day ends with the Dow down 2,000
At least it’s over. The markets endured their worst day of trading of this young year as the Dow Jones Industrial Average dropped 2,000 points to close at 23,850.79 — a…
Honeywell says it will soon launch the world’s most powerful quantum computer
“The best-kept secret in quantum computing.” That’s what Cambridge Quantum Computing (CQC) CEO Ilyas Khan called Honeywell‘s efforts in building the world’s most powerful quantum computer. In a race where…
