climate

Colossal Biosciences raises $200M at $10.2B valuation to bring back woolly mammoths

Colossal Biosciences, the company that’s famously on a mission to bring back the woolly mammoth and two other extinct species, has raised a $200 million Series C at a $10.2 billion valuation from TWG Global, the investment company of Guggenheim Partners co-founder Mark Walter, and the billionaire Thomas Tull. The funding comes two years after

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After raising $26M, Hyme Energy signs global deal to scale thermal storage

With lithium battery storage too weak for many industries, companies are desperately looking elsewhere for energy storage. Molten-salt batteries offer high energy and power density, and can work for long periods. Now, Denmark’s Hyme Energy — which has raised $26 million to date — has signed a deal which could see its technology scale to

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Rivian reveals first $10M in grants for long-promised Rivian Foundation

Rivian has revealed the first $10 million worth of grants from the Rivian Foundation, three years after the EV maker vowed the philanthropy would receive 1% of its equity to make the “natural world” a “stakeholder in our success.” The company launched Monday a website for the foundation that details 41 grantees who will collectively

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Rivian reveals first $10M in grants for long-promised Rivian Foundation

Rivian has revealed the first $10 million worth of grants from the Rivian Foundation, just three years after promising to make the “natural world” a “stakeholder in our success.” The company launched a website for the foundation on Monday that details 41 grantees who will collectively receive just north of $10 million in funding. The

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After a $20M Series A funding, Germany’s Insempra plans eco-friendly lipid production

Lipids are fatty, waxy or oily compounds that, for instance, typically come in the form of fats and oils. As a result they are heavily used in the production of beauty products, as well as in fashion, and food industries. Right now, most lipids come from environmentally problematic petrochemicals. But new processes mean its possible

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Windfall Bio is seeing strong demand for its methane-eating microbe startup

When Josh Silverman started shopping around the idea for his methane-eating microbe startup, Windfall Bio, eight years ago, the market just wasn’t ready. Nobody cared about methane, he said. Companies were instead focused on lowering their carbon emissions. But a few years later, the market is starting to come around. Menlo Park–based Windfall Bio raised

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