energy

Redwood Materials raises another $350M to power up its energy storage business

Transportation /

Battery recycling and cathode production company Redwood Materials has raised $350 million as it grows its new energy storage business in a bid to power the AI data center boom. The Series E round, led by venture firm Eclipse, also included a new strategic investment by Nvidia’s venture capital arm, NVentures. The company’s valuation was […]

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Octopus Energy spins off its Kraken utility billing and AI platform

Climate /

British renewable energy provider Octopus Energy said this week that it’s spinning off Kraken, its tech platform for utilities, spurred in part by $500 million in committed annual revenue from other utilities and energy providers. An eventual Kraken IPO could be valued at $15 billion and could occur within a year, according to The Wall

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Bosch Ventures is turning its attention to North America with new $270M fund

Venture /

The venture arm of Bosch has a new $270 million fund that will continue its tradition of investing in deep-tech startups. This time, however, Bosch Ventures plans to put more of its money into North American startups. Launched in 2007, Bosch Ventures is now on its sixth fund. And while the corporate VC is technically

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ENGlobal says hackers accessed ‘sensitive personal’ data during cyberattack

Security /

U.S. engineering firm ENGlobal has confirmed that hackers accessed “sensitive personal information” from its systems during a November 2024 cyberattack. ENGlobal, which provides engineering and automation services to the federal government and critical infrastructure organizations, said in an updated 8-K filing with the U.S. securities regulator on Monday that hackers subsequently “encrypted some of its

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

Hardware /

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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Blue Bear Capital lands $160M to back AI founders in climate, energy, and industry

Climate /

It’s a truism in the climate tech world that hardware is paramount. After all, you can’t curb carbon pollution without fixing cement, steel, hydrogen, and more. But as with anything today, hardware is just part of the equation. “In almost every case, hardware is going to be developed with software in mind,” Vaughn Blake, partner

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Halliburton confirms data was stolen in ongoing cyberattack

Security /

Energy giant Halliburton has confirmed its systems were hacked and that intruders “accessed and exfiltrated information” following a cyberattack last week. In a brief filing with government regulators on Tuesday, Halliburton said it was “evaluating the nature and scope of the [stolen] information,” and what data breach notifications it is required to make. Halliburton last

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Halliburton shuts down systems after cyberattack

Security /

Oil drilling and fracking giant Halliburton said it has shut down some of its internal systems following a cyberattack earlier this week.  In a brief statement filed with government regulators on Thursday, Halliburton said it became aware of unauthorized access to its systems on Wednesday and responded by “proactively taking certain systems offline.” The company

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