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Tag: Climate

When will fusion power startup Commonwealth Fusion Systems go public?
  • Technology

When will fusion power startup Commonwealth Fusion Systems go public?

Admin7 days ago08 mins

Commonwealth Fusion Systems (CFS) is the best funded fusion power startup, having raised $4 billion from investors over the last seven years, including the $1 billion the company has raised now. Now, developments at CFS, plus rumblings from industry sources TechCrunch has spoken with in recent months, suggest that the startup might go public in…

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Data centers may face temporary power cuts to prevent blackouts on largest US grid
  • Technology

Data centers may face temporary power cuts to prevent blackouts on largest US grid

Admin1 week ago04 mins

The largest electrical grid in the U.S. has struggled to cope with an onslaught of data centers. Now, after an auction to add more generating capacity fell short, the grid’s operator, PJM Interconnection, has said it will cut off data centers and other large users during power shortages. The decision arrives as the breakneck pace…

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Thea Energy lands M federal grant to build its magnets for fusion reactors
  • Technology

Thea Energy lands $20M federal grant to build its magnets for fusion reactors

Admin1 week ago04 mins

For hard-tech startups, manufacturing is a pricey endeavor. Now, Thea Energy has a leg up courtesy of a Department of Energy grant. The fusion power startup told TechCrunch Monday that it has received a $20 million award from ARPA-E to help manufacture its modular high-temperature superconducting (HTS) magnets. HTS magnets are costly but important components…

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Antares raises 0M to build nuclear reactors for the U.S. military
  • Technology

Antares raises $470M to build nuclear reactors for the U.S. military

Admin1 week ago05 mins

Nuclear power startup Antares said Monday that it has raised $470 million to build small reactors for U.S. military bases. The Series C round, which was led by Paradigm and Caffeinated Capital with participation from Industrious Ventures, Point72 Ventures, and Shine Capital, underscores investors’ growing interest in advanced nuclear startups — a trend fueled by…

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One fallen power line exposed a growing AI data center problem. Here’s how to fix it.
  • Technology

One fallen power line exposed a growing AI data center problem. Here’s how to fix it.

Admin2 weeks ago09 mins

A power line went down outside of Washington, DC, this week. Normally, the grid would only need a few seconds to recover from such an event. But this one took more than 10 minutes because more than 3 gigawatts of data centers stopped drawing power nearly simultaneously. The event caused voltage across the PJM grid…

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Nuclear startup Valar Atomics in talks to raise new funding at B valuation
  • Technology

Nuclear startup Valar Atomics in talks to raise new funding at $6B valuation

Admin3 weeks ago06 mins

Valar Atomics, a startup building small modular nuclear reactors (SMRs) — essentially miniaturized, factory-built power plants designed to be cheaper and faster to deploy than traditional reactors — is in talks to raise a new round of capital, according to three sources familiar with the company. The three-year-old company is seeking a valuation of about…

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A 600-mile road trip (and data) proves EV charging doesn’t suck anymore
  • Technology

A 600-mile road trip (and data) proves EV charging doesn’t suck anymore

Admin3 weeks ago010 mins

In the minds of prospective EV buyers, charging looms large. Just over half of those surveyed by AAA last year said that public charging infrastructure was a key concern. Those concerns aren’t unfounded. EV fast charging has historically been lackluster. In 2023, after a disastrous road trip, I drafted an EV fast-charging “bill of rights,”…

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Oil giant BP shutters its corporate venture arm after 20 years
  • Technology

Oil giant BP shutters its corporate venture arm after 20 years

Admin3 weeks ago03 mins

BP has had an on-again, off-again relationship with climate tech. Now it’s definitely “off.” On top of pivoting away from clean energy earlier this year, the oil giant announced today that it was selling the majority of its venture portfolio — more than 10 companies, according to BP — to Verdane, a Nordic private equity…

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Lululemon backs nylon-recycling startup Syntetica in M Series A
  • Technology

Lululemon backs nylon-recycling startup Syntetica in $30M Series A

Admin3 weeks ago09 mins

Activewear company Lululemon has invested in the $30 million Series A round raised by Syntetica, a French startup that developed a novel approach to recycling nylon, whose properties make it both too good to give up but hard to reuse. Syntetica promises to recycle two types of nylon — Nylon 6 and Nylon 6,6 —…

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Chevy built an all-American EV truck — why is nobody buying it?
  • Technology

Chevy built an all-American EV truck — why is nobody buying it?

Admin1 month ago013 mins

Although I grew up shifting my dad’s Chevrolet S-10 pickup truck from the passenger seat, I’m not exactly Chevy’s target market. I favor hatchbacks over cargo beds. But after tooling around Detroit for a day in the Silverado EV, I realized that Chevy might make a truck guy out of me yet. The Silverado EV drives,…

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