"The other two companies are earlier-stage ventures. GeologicAI of Calgary, Alberta, is also a Breakthrough Energy investment; it disclosed a $20 million Series A round in late June. Boston-based VerAI Discoveries revealed its Series A infusion of $12 million back in early March. It, too, counts T. Rowe Price as an investor, along with Orion Resource Partners, Chrysalix Venture Capital and Blumberg Capital."

Matthew L. Wald writes in The Breakthrough Institute about emerging advanced nuclear reactors. “At the moment, the new reactors with the shortest path to commercial deployment look to be light-water reactors: they use fuel that is already commercially produced and most of their various components are already in production. Of the new light-water reactors, the...

"The breakthrough could lead to the scale-up of long-duration fluorenone-based flow batteries, which PNNL unveiled in 2021, according to PNNL. Flow batteries store energy in liquid electrolytes."

"For its part, TerraPower is developing a 345-megawatt sodium-cooled fast reactor coupled with a molten salt energy storage system. Founded by Microsoft co-founder Bill Gates, the company has raised $750 million to build an operating demonstration reactor in Wyoming. TerraPower announced in December that it would delay the planned deployment of its reactor due to a lack of HALEU availability, in part because it has pledged not to use Russian-sourced uranium."

"Green ammonia is emerging as a potential enabler of the green hydrogen economy, as a sustainable fuel in maritime transportation and other applications, and as a replacement for synthetic ammonia in agricultural applications. With a market demand expected to almost double in the next 7 years and the quest for novel, sustainable production processes, it also presents a significant opportunity for venture investments."

Jeff St. John of Canary Media reports on AtmosZero and its mission to clean up manufacturing. “Typical residential heat-pump systems deliver about 300 to 400 percent as much energy in the form of heat as the energy they use to transfer it. AtmosZero’s heat-pump boilers can practically deliver about 200 percent of the same energy input as heat, he said. But...

Amrith Ramkumar of The Wall Street Journal reports on the race to build better air conditioners. “When air conditioning is needed, the solution is brought in contact with air, absorbing water and removing humidity. The air is cooled within a component called a heat exchanger using a high-efficiency method to lower air temperature by exposing...