Meet Storio, a French startup that’s focused on providing smart energy storage for commercial and industrial customers. Founded in 2023, the startup raised a €5 million seed round earlier this year (around $ 5.5 million at current exchange rates) and has signed its first client. Storio believes solar panels have a bright future. But the […]
Zap Energy shows off its new fusion power prototype, Century
For fusion power aficionados, hitting “breakeven” is something of a Holy Grail: the point at which a fusion reaction produces more power than was required to ignite it. Only one scientific experiment, at the National Ignition Facility, has accomplished that feat, and it took over a decade of tweaking the system to achieve the monumental […]
KoBold Metals, which uses AI to help find critical minerals for the energy transition, raises $491M
Earlier this year, KoBold Metals found what might be one of the largest high-grade copper deposits of all time, with the potential to produce hundreds of thousands of metric tons per year, the company’s CEO said. Now, just eight months later, KoBold is close to raising over half a billion dollars. The funding should help […]
Zap Energy investors in recent $130M round included Soros Fund and Laurene Powell Jobs’ Emerson Collective
The race for commercial fusion power is heating up. Investors have poured money into fusion startups over the last several years, and one of the more recent beneficiaries of their beneficence is Zap Energy, an Everett, Washington-based startup that’s pursuing a clever approach to harnessing the power of the stars. The company recently closed a […]
Atomico backs Tem to help businesses buy renewable energy directly from sources
A U.K. startup wants to do for utilities what neobanks have been doing for the financial sector for more than a decade: disrupt an age-old industry using technology, streamline it and cut out the middlemen. London-based Tem has built a marketplace and platform to connect businesses directly to renewable energy sources, and it is working […]