funding

A startup company whose investors include Breakthrough Energy Ventures, the group led by Microsoft founder Bill Gates, said it has received about $14 million in new funding in support of a pilot project in Wyoming. Airloom Energy has said its technology is prepared to “revolutionize” wind power through the company’s new design for wind turbines, […]

The U.S. Department of Energy (DOE) announced it will provide $125 million in funding to support two Energy Innovation Hub groups that will look at challenges facing the battery energy storage industry. The DOE on September 3 said teams of researchers “will develop scientific concepts and understanding to impact decarbonization of transportation and incorporation of […]

The Department of Energy (DOE) will furnish 16 innovative projects with $45 million in federal funding to develop cybersecurity tools and technologies that thwart cyber attacks in the power and oil and gas energy delivery systems. The $45 million funding stems from a 2022 funding opportunity announcement (FOA) overseen by the DOE’s Office of Cybersecurity, […]

Kairos Power will secure $303 million from the Department of Energy (DOE) under a novel performance-based, fixed-price milestone approach to support the design, construction, and commissioning of its 35-MWth Hermes molten salt “non-power” demonstration reactor, which the firm has proposed to build at the East Tennessee Technology Park Heritage Center (ETTP) site in Oak Ridge. […]

Colorado-based cooperative Tri-State Generation and Transmission Association will accelerate the closure of a coal-fired unit in the northwestern part of the state, and also announced a retirement date for an Arizona coal plant, as part of the utility’s latest electric resource plan (ERP). Tri-State on Dec. 1 also said it wants to acquire at least […]

The Biden administration has pledged another $1.2 billion to help extend the operating life of older or distressed nuclear power plants, with Energy Secretary Jennifer Granholm saying nuclear power is needed to support the nation’s clean energy goals. The funding, announced by the Dept. of Energy (DOE) on March 2, is the second tranche of […]

The Department of Energy’s (DOE’s) first round of funding from its $6 billion Civil Nuclear Credit (CNC) Program is poised to go to Diablo Canyon Power Plant, California’s only operational nuclear plant. Pacific Gas & Electric  (PG&E), Diablo Canyon’s owner, could receive up to $1.1 billion in credits to extend the 2.2-GW plant’s operation for […]

BOSTON, Mass. (Oct. 27, 2021) – A $16 million capital infusion will fuel the growing breadth of REsurety’s market intelligence, asset insight and risk management tools for clean energy sellers, buyers, investors and advisors.  Climate solutions investment firm Hannon Armstrong (NYSE: HASI) provided a majority of the Series B raise, joining existing investors including Launch […]

Atlanta, Georgia (Oct. 27, 2021) — As increasing electric vehicle growth pressures the electric power infrastructure and the need for EV fast-charging increases, Resilient Power announced the closing of a $5 million seed round. The investment for the first-to-market provider of solid-state transformer-based electric vehicle (EV) fast charging technology was led by Energy Transition Ventures, […]

BROOKLYN, N.Y. (Feb. 9, 2021) — David Energy, a new kind of electricity supplier, today announced the close of $19 million in new financing. The new capital includes a $4.1M Seed round led by Equal Ventures and a $15 million working capital facility from Hartree Partners, a global merchant commodities firm specializing in energy and […]