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Today’s Highlights:
🔝Top Story: Scottish Startup Clyde Hydrogen Achieves High-Pressure Hydrogen Breakthrough, Launches £5M Seed Round.
💲Investment: Raptor Maps raised $35M for solar tech, SpotmyEnergy secured €10.5M for energy management, Conry Tech raised $8.7M for efficient AC, and CarbonX secured €4M for battery materials.
🔬 Innovation: NOAA’s Arctic Report Card shows the Arctic tundra is now a net emitter of CO2 and methane due to permafrost thaw and record wildfire emissions in 2024.
🔄 Integration: CarbiCrete, Aecon, and Lafarge Canada unveiled a low-carbon facility, while CarbonQuest and Carbfix partnered to capture and mineralize 90% of CO2 emissions.
💡 Intelligence: 15 Notable Climate Tech Partnerships of 2024.
Scottish Startup Clyde Hydrogen Achieves High-Pressure Hydrogen Breakthrough, Launches £5M Seed Round
Image Credit: Clyde Hydrogen
Breakthrough in High-Pressure Hydrogen Production
Clyde Hydrogen Systems, a spin-out from the University of Glasgow, has achieved a significant technical milestone in hydrogen production. Its proprietary decoupled electrolysis process has successfully generated hydrogen at pressures exceeding 100 bar, addressing the inefficiency of conventional systems. This innovation promises a scalable, efficient, and cost-effective solution for integrating intermittent renewable energy into hydrogen production, accelerating the global shift to net-zero emissions.
Plans for Commercialization and Pilot Deployment
The startup is on track to deliver a fully integrated pilot system by late 2025, with a market-ready product expected by 2027. Leveraging its breakthrough technology, Clyde Hydrogen aims to scale its operations and position itself as a leader in renewable hydrogen. The company’s focus on improving safety, efficiency, and scalability aligns with growing global demand for clean energy solutions.
£5M Seed Funding Round to Drive Growth
To support its commercialization journey, Clyde Hydrogen has launched a £5 million seed funding round. Backed by pre-seed funding and government grants, the funds will enable the company to refine its production process, expand its team, and develop a production-ready system by 2026. CEO James Peck emphasized the importance of this funding in scaling their innovation to meet the UK’s renewable energy goals. Read More
Investment Highlights of the Day
- Raptor Maps raised $35M in an oversubscribed Series C led by Maverix Private Equity to expand its advanced solar asset management, including the new Raptor Solar Sentry, addressing solar underperformance and boosting returns. Read More
- SpotmyEnergy raised €10.5M in seed funding led by Norrsken to scale its energy management solution, integrating smart meters and time-of-use tariffs to optimize household energy use and support the energy transition. Read More
- Conry Tech raised $8.7M in a pre-Seed round led by Bandera Capital to scale its ultra-efficient Bull Ant air-conditioning units, targeting a 40% energy and emissions reduction in commercial buildings. Read More
- CarbonX secured an additional €4M in funding, co-led by Energy Transition Fund Rotterdam and existing investors, to advance its innovative battery anode materials. Read More
Innovation Highlights of the Day
NOAA’s Arctic Report Card reveals the Arctic tundra is now a net emitter of CO2 and methane, driven by record permafrost thaw and the second-highest wildfire emissions in 2024. Read More
Integration Highlights of the Day
- CarbiCrete, Aecon, and Lafarge Canada unveiled a low-carbon tool storage facility built with CarbiCrete’s cement-free CMUs and Lafarge’s ECOpact® concrete, marking a milestone in decarbonizing construction. Read More
- CarbonQuest partnered with Carbfix to deploy carbon capture and storage technologies, with CarbonQuest’s filters capturing 90% of CO2 emissions and Carbfix’s technology mineralizing it in basalt rock formations. Read More
Climate Insider Intelligence: 15 Notable Climate Tech Partnerships of 2024
2024 was a year of groundbreaking partnerships in the climate tech space, with major players like BlackRock, Microsoft, DeepGreenX, and Aramco teaming up with innovators to accelerate the fight against climate change. From BlackRock and Microsoft’s $30 billion AI and energy investment to Aramco, Linde, and SLB’s billion-dollar carbon capture hub in Saudi Arabia, these collaborations are setting the stage for a greener, more sustainable future. Discover the 15 most impactful climate tech partnerships of the year and how companies like Amazon, Stellantis, and Prumo Logística are reshaping industries and driving decarbonization forward. Read More
