Climate

Durin digs up $3.4M to automate drills for critical minerals exploration

Finding new sources of critical minerals is a costly business. Worldwide, companies spent $12 to $13 billion on exploration in 2023. The upshot: mining is the definition of a hit-or-miss business. Companies today use advanced models of the Earth’s crust to pinpoint the best prospects, but even then only about three out of 1,000 attempts

Durin digs up $3.4M to automate drills for critical minerals exploration Read More »

Xprize Carbon awarded to a dirt simple carbon removal technology

Sometimes the simpler idea is the winner. That’s certainly the case with the winner of the Xprize Carbon Removal competition, which was announced on Wednesday. Mati Carbon walked away with the $50 million grand prize for its enhanced rock weathering program that locks carbon in soils for thousands of years. The Musk Foundation underwrote the

Xprize Carbon awarded to a dirt simple carbon removal technology Read More »

Carbon removal startup Holocene bought by oil and gas giant Occidental

Occidental has bought Holocene, marking the second direct air capture startup the fossil fuel company has bought in two years. The deal was executed through Oxy Low Carbon Ventures, a subsidiary of the oil and gas company, for an undisclosed amount. HeatMap first reported the news. Holocene had been racing to advance its amino acid-based

Carbon removal startup Holocene bought by oil and gas giant Occidental Read More »

Google bets on geothermal to power data centers in Taiwan

Google will add 10 megawatts of geothermal power in Taiwan to its renewable portfolio, the company announced Tuesday, marking the search giant’s first geothermal investment in Asia. Swedish company Baseload Capital is developing the project through a local subsidiary, which has been mapping the island for geothermal resources since 2019. It’s not the first geothermal

Google bets on geothermal to power data centers in Taiwan Read More »