First there was coal, then oil became the most important fuel, and eventually natural gas started to dominate, but now a fourth and even more exciting fuel may be about to break onto the scene
Funding for clean-energy startups and innovators hasn’t yet reached the levels needed for Front Range cities to achieve net-zero status. Despite the creation of new grant programs, the emergence of Green Banks, creative fundraising methods by companies and institutional investors beginning to enter the market, much work still needs to be done.
That was the message from the Funding Innovation panel at BizWest’s Net Zero Cities summit Wednesday morning, moderated by Quinn Antus, executive director of the Signal Tech Coalition.
“The current scale of clean-energy investment for well-understood technologies is falling well short of what is needed to combat climate change,” said panelist Paul Scharfenberger, executive director of the Colorado Clean Energy Fund.
Starfire Energy closes major funding round; green ammonia and hydrogen solutions greencarcongress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from greencarcongress.com Daily Mail and Mail on Sunday newspapers.
Osaka Gas invests in US-based ammonia start-up
Osaka Gas, through its US subsidiary Osaka Gas USA, has invested in Starfire Energy, a Denver-based green ammonia start-up, it said on April 9.
Startfire is developing systems to produce green ammonia from renewable energy, air and water, and systems to crack ammonia into hydrogen. This system will leverage ammonia’s use as a carrier for hydrogen, Osaka Gas said. Other investors include AP Ventures, Chevron, New Energy Technology, and Mitsubishi Heavy Industries.
Starfire was founded in 2007 to develop renewable energy solutions, which later evolved into a focus on small-scale distributed ammonia production modules and technology for cracking ammonia into hydrogen to generate electricity.