Greatest Innovations Addressing Climate Change
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closes $22 million Series B round with Equinor and ICOS as new investors

closes $22 million Series B round with Equinor and ICOS as new investors | Greatest Innovations Addressing Climate Change | Scoop.it
Carbon Clean Solutions Limited (CCSL), a leader in low-cost carbon dioxide (CO2) capture and separation technology, is pleased to announce the completion of a new equity investment of $22 million from a Series B investment round with Equinor Ventures (EV) and ICOS Capital (ICOS). EV and ICOS join the three global investors, WAVE Equity Partners, Chevron Technology Ventures, and Marubeni Corporation, who injected $16m into CCSL in February.
Praveen Sahay's insight:

Congratulations to CCS on an oversubscribed round. This is not surprising, since the company offers the most scalable, robust, proven, and profitable solution for carbon capture. This is not a band-aid for polluters, but a tool for maximizing the capture and reuse of CO2 in ways that generate financial profits and positive environmental impact. Dozens of customers are already using the product, and the world needs more of this!!

 

Many other startups have jumped on the popular bandwagon of carbon capture. Many are foolishly chasing the dream of absorbing carbon from air, while others are promising the moon if only investors would bet hundreds of millions to grow the company a thousand times in scale. The next two years will sort the market and weed out these wannabes whose biggest virtue is suave marketing.

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Greenbacks for green deals (Pitchbook)

Greenbacks for green deals (Pitchbook) | Greatest Innovations Addressing Climate Change | Scoop.it

Greenbacks for green deals (Pitchbook)

Praveen Sahay's insight:

Clean energy commentators are hoping that the post-Covid era would bring a resurgence in cleantech investing. After the previous cleantech collapse in 2008, funding has recently picked up in sectors like electric and autonomous mobility. Bezos is not alone in trumpeting cleantech credentials; Gates, Zuckerberg, Dorsey, Buffet, Brin & Page, and many other billionaires have pledged personal fortunes but failed to raise market fervor. But I believe this time is different, The soil is more fertile; the public, market and investor moods more receptive. So I welcome this news. Jeff Bezos and Amazon have 'committed' $12 billion to the sector in recent announcements including a new $2B Climate Pledge Fund, and $10 billion Bezos Earth Fund comprising Bezos' personal fortune.

 

Pragmatism will win over dogma!

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Visualizing America's Energy Use, in One Giant Chart

Visualizing America's Energy Use, in One Giant Chart | Greatest Innovations Addressing Climate Change | Scoop.it
This incredible flow diagram shows how U.S. energy use broke down in 2019, including by source and its end consumption by sector.
Praveen Sahay's insight:

This chart from the Lawrence Livermore lab must be familiar to many readers. It is a good reminder, once again, how far solar and wind have to go before they become a meaningful portion of the overall energy mix. In 2019, they accounted for a mere 3.78% after growing by 95% over the previous four years.

But the most overlooked piece of data is "Rejected Energy" - boxed in light grey on the far right. Two-third of all energy is wasted in electricity generation, transportation, and myriad energy devices. This can of course be never eliminated (2nd Law of Thermodynamics), but can be substantially reduced. If you want to get a rough sense of room for improvement - note that the Industrial Sector rejects only about 50% of energy consumed. If that performance were translated across other sectors, the world would need 35% less energy - roughly equivalent to all petroleum produced in the world.

Energy efficiency is the CHEAPEST source of energy.

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Prince Charles unveils theme of Davos 2021 event 'The Great Reset'

Prince Charles unveils theme of Davos 2021 event 'The Great Reset' | Greatest Innovations Addressing Climate Change | Scoop.it
The meeting of the world's self-styled elite in the Swiss ski town of Davos will go ahead in January despite the coronavirus pandemic, according to the summit's organiser, the World Economic Forum.
Praveen Sahay's insight:

"The Great Reset" is the chosen theme for the next World Economic Forum in Davos. The theme emphasizes global collaboration for achieving urgent goals such as environmental and social stability and equity. Interestingly, it identifies innovations of the Fourth Industrial Revolution as essential elements in supporting the public good. It is time to invite the best minds, policymakers, investors and entrepreneurs to support this agenda.

 

Pragmatism will win over dogma!

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Hydroponics, The Eco-Friendly Future of Farming? - Predict

Hydroponics is spoken about in almost reverent tones. Farmers are fearful of the revolution it presents — tearing up their traditional practices — but with it comes the promise of ever-higher yields…
Praveen Sahay's insight:

I recommend this informative article on hydroponics. It nicely sums up benefits and limitations, though it overlooks some fatal challenges for hydroponic businesses. We have invested in an advanced variant of this technology, Aeroponics, that overcomes the most severe limitations of hydroponics - economics and safety. In hydroponics, cost of producing leafy greens is 100-200% higher compared to traditional farming, and they are also much more susceptible to water-borne infections. The author unfortunately praises, but please go there with extreme caution. The fish manure introduces operational complexities and risks that are nearly impossible to contain. Nevertheless, the sector is primed for massive growth in the coming decade, and entrepreneurs (esp. aeroponics) are finding ways to overcome issues related to high cost and safety.

 

 Pragmatism will win over dogma!

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Aerogel Insulations Save Millions in Industrial Applications

Aerogel Insulations Save Millions in Industrial Applications | Greatest Innovations Addressing Climate Change | Scoop.it

It’s no surprise that some of NASA’s biggest breakthroughs and most popular spinoffs have been in the field of temperature management. The Space Agency not only has to deal with the temperature extremes of space and atmospheric reentry but also must manage large amounts of cryogenic liquids on the g

Praveen Sahay's insight:

It is natural to talk about aerogel following my prior comment on energy conservation (negawatts are the best source of energy!). WAVE's first portfolio company is American Aerogel that manufactures world's best aerogel insulation material in Rochester, NY (https://www.aerosafeglobal.com/). But customers do not want to buy expensive insulation, regardless of how much money they will save in the long run. So the company launched a rental product - 'insulated shipping packages as a service'. This took off among the pharma companies and the company has not looked back since. The customers rent a competitively priced box that lowers shipping cost and eliminates billions of product losses due to temperature sensitive medicines going out of specified range.

 

Often, innovation requires combining technical invention with novel business models. Pragmatism will win over dogma!

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90% Clean Grid by 2035 Is Not Just Feasible, But Cheaper, Study Says | Greentech Media

90% Clean Grid by 2035 Is Not Just Feasible, But Cheaper, Study Says | Greentech Media | Greatest Innovations Addressing Climate Change | Scoop.it
UC Berkeley and GridLab
Praveen Sahay's insight:

This recent study by UC Berkeley and GridLab suggests scenario of 90% renewable electricity in US grid by 2035. It presumes supportive action from the US policymakers and ongoing decline in renewable prices. Thorny issues such as long term electrical storage and smart grid requirements are dealt with lightly. I disagree that solar/wind will achieve 90% penetration, yet do believe that remarkable innovations in storage, smart grid and carbon capture will help us achieve 90% 'clean energy'. However, 'clean energy' may not require a complete elimination of gas/hydrocarbons - this study totally ignores the fact that innovations in carbon capture technology will make these sources wholly clean and affordable. Fossil fuel power plants, retrofitted with carbon capture solutions, will provide clean energy to to complement unreliable supplies from wind and solar.

 

Pragmatism will win over dogma.

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Living Greens Farm Responds to COVID-19, Applies Stringent Measures to Keep Viruses Out

Living Greens Farm Responds to COVID-19, Applies Stringent Measures to Keep Viruses Out | Greatest Innovations Addressing Climate Change | Scoop.it
Living Greens Farm (“LGF”), the largest vertical, indoor aeroponic farm in the U.S.that provides year-round fresh salads, microgreens and herbs, has added steps and procedures to its already super-clean standards to block COVID-19 from its operation.  Because LGF grows crops indoors, the health risks...
Praveen Sahay's insight:

Of the many varieties of indoor farming technologies, aeroponics represent the greatest promise of growing local, fresh, green produce at most affordable costs. Living Greens Farm (LGF), profiled here, is the largest aeroponics farm in the country. I am impressed by their safety standards, cost efficiencies, produce quality, and scalability. If you live in WI or MN, you are probably buying their fresh and nutritious produce without paying premium prices. Simply amazing!

 

Pragmatism will win over dogma!

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