Canadian startup working on heat pump for cold climates

A Canadian startup by the name of Terravis Energy is working on a prototype heat pump that is optimized for cold climates. While heat pumps are a “no brainer” in sub-tropical environments, homeowners in colder regions tend to be more hesitant to switch out of fear of being “left out in the cold”. While the …

US Dept. of Energy funds DAC Projects

The U.S. Department of Energy (DOE) announced up to $1.2 billion to advance the development of two commercial-scale direct air capture facilities in Texas and Louisiana. These projects—the first of this scale in the United States—represent the initial selections from the President’s Bipartisan Infrastructure Law-funded Regional Direct Air Capture (DAC) Hubs program, which aims to …

London becoming a hub for climate tech

Europe continues to press ahead with it’s leadership in climate technology. According to City A.M, London has raised almost $28b worth of climate tech investment. Most recently, Bill Gates’ Breakthrough Energy has partnered with the UK to increase investment by $276M. However, climate tech remains just a fraction of overall venture and private equity investment; …

Stripe adds new companies to Climate product

Stripe announced today that they added six new companies to their carbon removal portfolio. Readers of this site will be familiar with Running Tide, as this is one of the six. Here is the full list of companies being added: CarbonBuilt Heirloom Seachange Mission Zero The Future Forest Company Running Tide Stripe is providing $2.75M …

Running Tide harnesses the power of the ocean to remove carbon

Running Tide is an exciting startup I stumbled upon while researching how Fintech companies are innovating to reduce our carbon footprint. According to their website, Running Tide develops technologies focused on three key areas important for carbon reduction: Rebuilding Food Systems: Modernizing shellfish farming to enable more scalable oyster production. Oysters are 99% less carbon …