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Renewable fuels and biochar company Cool Planet closes on $100M Series D financing

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Cool Planet Energy Systems, a renewable fuels and biochar company ( earlier post ), closed on its targeted $100 million Series D financing. Used as a soil amendment, its CoolTerra biochar product also increases crop productivity and plant health while reducing water and fertilizer requirements. Click to enlarge.

Financing 225
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Researchers find capillary-fed electrolysis cell can deliver hydrogen at 98% cell energy efficiency

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In an open access paper published in Nature Communications , researchers from the University of Wollongong in Australia report that their capillary-fed electrolysis cell demonstrates water electrolysis performance exceeding commercial electrolysis cells, with a cell voltage at 0.5 2 and 85 °C of only 1.51 kWh/kg hydrogen (vs. Hodges et al.

Hydrogen 396
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Oxford spin-out OXCCU raises US$22.8M to transform carbon dioxide into sustainable aviation fuel

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million) Series A financing round. Trafigura, TechEnergy Ventures and Doral Energy-Tech Ventures also participated in the financing. Leveraging the funding, OXCCU plans to accelerate its path to market by scaling its catalytic approach to convert hydrogen and carbon dioxide into SAF and other sustainable fuels.

Carbon 418
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NRG invests additional $35M in FuelCell Energy for 6% of company; establishes $40M financing facility

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FuelCell Energy intends to use the net proceeds from the offering for project development, project finance, working capital support and general corporate purposes. The company’s project finance subsidiaries may draw on the facility to finance the construction of projects through the commercial operating date (COD) of the power plants.

Financing 244
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DPG and EPEC Biofuels Holdings LLC Form JV to Finance Sorghum Ethanol and Other Biofuels Projects; Up To $376M for Sorghum Ethanol Project Financing

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a sweet sorghum ethanol company, to form a platform finance company which will provide project financing for EPEC and select financing initiatives in the biofuels and renewable energy sectors. DPG Investments, LLC has entered into a joint venture with EPEC Biofuels Holdings , Inc., Earlier post.).

Financing 186
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UK to establish Offshore Renewable Energy technology and innovation center

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UK Business Secretary Vince Cable announced the start of a competition to form an Offshore Renewable Energy technology and innovation centre. The announcement of the Offshore Renewable Energy technology and innovation center follows earlier announcements about centers in High Value Manufacturing and Cell Therapy.

Renewable 218
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BASF invests $30M in supercritical hydrolysis company Renmatix, leading $50M financing round

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KG, is investing $30 million in Renmatix, the developer of the “Plantrose” process, a two-step supercritical hydrolysis method to produce sugars from biomass with less expense by utilizing water at elevated temperatures and pressures to quickly solubilize cellulose.( Earlier post.) Renmatix’ represents a new, fourth approach.

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