Julian Spector of Canary Media reports on energy storage funding through the Department of Energy. “In the habitually cautious utility space, track records count. No utility wants to bet its grid reliability on some new gadget only to see it fail to reach completion or fall apart at a crucial moment. And financiers hesitate to fund...

"NET Power’s transformational technology produces power while inherently capturing nearly all emissions with its patented oxy-fuel combustion and supercritical CO2 cycle. These plants produce clean, on-demand power at low cost and address critical issues of air quality and land use, virtually eliminating air emissions including nitrogen oxides (NOx), sulfur oxides (SOx), and carbon dioxide (CO2)."

"CE has been contracted by its U.S. development partner, 1PointFive, for the front-end planning and engineering of a one-megatonne DAC facility that is intended to be replicated into multi-million tonne deployments. The design is being adapted from the first large-scale, commercial facility to use CE’s DAC technology, which is already under construction in the Texas Permian Basin, and is anticipated to form the basis of accelerated large-scale deployments in the U.S."

"To create fusion, one must first generate a plasma — a superheated gas and the most energetic of the four states of matter — where two nuclei smash into each other, forming a new atom and releasing energy. Plasmas are created in a wide variety of devices that can reach temperatures hotter than the sun and must contain the reactions for a sufficient amount of time. The energy given off by the reactions is captured and converted into electricity."

"Planet A Ventures, a Berlin-based climate tech venture capital firm, led the £4.2 million round, with participation from Clean Growth Fund, UCL Technology Fund and Cambridge Enterprise. The new investment will enable Carbon Re to focus on rolling out its product to the global cement market. The next target the company has set itself is to expand into other energy-intensive industries, such as steel and glass."

"36.3 billion. That’s how many tons of carbon dioxide were emitted worldwide in 2021, according to the International Energy Agency. It’s the highest level ever recorded and represents a 6% increase from the previous year as the world economy bounced back from the Covid-19 pandemic slowdown."

"Now, it’s working to partner with mining companies that want to get rid of waste (and potentially, in some cases, remediate old mining land so that it can have other uses, like a park). It’s also targeting old mines where waste has been sitting for decades—or even as long ago as the 1880s. Because it starts with waste,and doesn’t have to invest in drilling into the earth,the cost of the final materials can compete with minerals from polluting mines in China and other countries."