11 March 2021
A potential game-changing green hydrogen technology developed by Israeli-based company H2Pro, which is aiming at producing green hydrogen at $US1/kg, has closed a $US22 million funding round led by Bill Gates’ Breakthrough Energy Ventures.
H2Pro’s efforts to develop a water splitting device that the company claims can reach 95% efficiency and costs significantly less than an electrolyser. E-TAC, short for Electrochemical,Thermally Activated Chemical, is similar to electrolysis in that it uses electricity to split water into hydrogen and oxygen.
However, unlike conventional electrolysis, hydrogen and oxygen are generated separately in different steps – an Electrochemical (E) step and a Thermally-Activated Chemical (TAC) step.
VEIR Raises $10M Series A and Debuts New Approach to Electricity Transmission to Transform the Grid
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A better forecast for climate tech - The Boston Globe
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SUNNYVALE, Calif., March 3, 2021 /PRNewswire/
Turntide Technologies ( Turntide ), the company responsible for the Smart Motor System™ and the Optimal Efficiency Motor™ with digital DNA, today announced the completion of an $80 million funding round, bringing the company s total funding to date to $180 million. The round was led by Breakthrough Energy Ventures and includes investments from Robert Downey Jr. s FootPrint Coalition Ventures, the Amazon Climate Pledge Fund, Keyframe Capital, Fifth Wall s Climate Technology Fund and Captain Planet LP.
The electric motors powering our world today account for half of global electricity consumption - more than lighting, heating, and electronics combined. As our climate changes and economy grows, the global demand for electric motors will continue to rise. With this new funding, Turntide plans to expand development and production of its Smart Motor System to meet growing demand and extend it into new application