Commonwealth Fusion Systems books a $1B+ power deal for its future fusion reactor
The fusion startup has inked a deal with Italian energy company Eni. The move is likely intended to set a price for fusion power.
Octopus Energy spins off its Kraken utility billing and AI platform
The British renewable energy provider said that its Kraken platform had $500 million in committed annual revenue, spurring a spinoff that could result in a massive IPO.
DACLab says it can remove CO2 using less electricity than many competitors
DACLab repurposed technology originally intended to capture carbon from power plants and other industrial facilities. It says the approach has been key to lowering costs.
EV Realty is betting the missing link in electric trucking is real estate
EV Realty wants to create a new class of real estate investment by building charging hubs on parcels near warehouses with power to spare.
The iPhone Air’s real breakthrough is its battery
Apple’s slimmest iPhone uses a “revolutionary” battery design that allows the cell to fill more space within the device, boosting overall energy storage.
Terra Oleo’s oil-producing microbes could replace destructive palm oil plantations
Terra Oleo had operated in stealth for years, developing yeast strains capable of producing high-value oils that don’t need refining. It has raised $3.1 million.
Tesla is recalling Powerwall 2 batteries over fire risk
Tesla is recalling an unspecified number of Powerwall 2 home batteries in Australia after receiving reports of fires.
Fourth Power’s sci-fi thermal batteries could be cheaper than pricey natural gas power plants
Fourth Power has raised $20 million to build a demonstration version of its thermal batteries, which ultimately could store electricity at $25 per kWh.
Rodatherm Energy wants to make geothermal more efficient, but will it be cheaper?
Rodatherm Energy emerged from stealth with $38 million in Series A funding. It plans to build a closed-loop geothermal power plant that uses refrigerants to move heat to the surface.
How an over-the-air update made Quilt’s heat pumps more powerful
Quilt’s software update unlocked an additional 20% heating and cooling capacity for all of its heat pumps, including those installed in customers’ homes.