Welcome to Climate Tech Pulse, your daily source of market intelligence for businesses and investors navigating the rapidly evolving landscape of climate tech solutions. From groundbreaking investments to breakthrough innovations cutting-edge, we’re bringing you the top stories on climate tech that are shaping collective futures.
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Today’s Highlights:
🔝Top Story: Swift Air Solar Secures $415 Million Investment to Power Clean Energy Synergy for CO₂ Removal.
💲Investment: Ingka Investments targets €1bn in recycling, Harbinger raises $100M for EV trucks, the UK backs £154M emissions projects, and NatureMetrics secures €24.3M for biodiversity tech.
🔬 Innovation: NOAA launches CORA for improved flood-risk data, and a 2024 study links climate change and human activities to escalating wildfire risks.
🔄 Integration: BEEAH plans Middle East’s first waste-to-hydrogen plant in Sharjah, and Cargill advances sustainable shipping with wind-assisted vessels for 2050 net-zero.
💡 Intelligence: 6 Renewable Energy Companies in Singapore to Watch in 2025.
Swift Air Solar Secures $415 Million Investment to Power Clean Energy Synergy for CO₂ Removal
Swift Air Solar: A Milestone in Clean Energy Integration
The $415 million Swift Air Solar project, developed by Origis Energy, is a pivotal step in decarbonization efforts. Located in Ector County, Texas, the project will supply zero-emission solar power to STRATOS, the world’s first large-scale Direct Air Capture (DAC) facility. Expected to capture 500,000 tonnes of CO₂ annually, STRATOS will store carbon underground and generate removal credits for businesses. Backed by financing from Natixis CIB and Advantage Capital, the project highlights the power of renewable energy in advancing negative-emission solutions.
The Synergy of Solar Power and DAC
Direct Air Capture systems are energy-intensive, but their integration with renewable energy sources like solar power minimizes their carbon footprint. The Swift Air Solar project showcases this synergy, providing a sustainable energy source for DAC operations at STRATOS. By leveraging flexible DAC units, the facility can align its operations with solar power output, ensuring efficient energy usage and maximum CO₂ removal, setting a standard for scalable clean energy solutions.
Economic and Collaborative Impact
Solar-powered DAC systems offer significant economic and environmental benefits. Modular DAC units paired with solar power reduce renewable energy curtailment costs while achieving substantial carbon capture. The Swift Air Solar project underscores the importance of strategic partnerships, with Natixis CIB and Advantage Capital playing key roles in financing. This collaboration demonstrates how innovation and teamwork can drive advancements in renewable energy and decarbonization efforts. Read More
Investment Highlights of the Day
- Ingka Investments’ Circular Investments arm, with €333m invested since 2017, aims to expand its recycling-focused portfolio to €1bn, targeting new markets and key materials critical to Ikea’s sustainability goals. Read More
- Harbinger, a Los Angeles-based EV startup focused on modular electric chassis for medium-duty trucks, secured a $100M Series B co-led by Capricorn Investment Group and Leitmotif, despite challenges in the EV sector. Read More
- The UK government awarded nearly £52M to 25 businesses, including Heinz and Nestlé, to advance £154M in emissions-reduction projects like carbon capture and heat pumps, supporting net-zero goals and local job creation. Read More
- NatureMetrics, a UK-based biodiversity monitoring startup, raised €24.3M in Series B funding led by Just Climate, EDF Pulse Ventures, and the Monaco ReOcean Fund to advance its eDNA technology and AI-powered Nature Intelligence Platform. Read More
Innovation Highlights of the Day
- NOAA’s National Ocean Service released CORA, a 40-year modeled water level and wave dataset for U.S. coastlines, improving flood-risk assessment with higher-resolution data between tide gauges. Read More
- A 2024 Science of The Total Environment study shows how climate change and human activities are reshaping wildfire regimes, increasing risks to people and ecosystems. Read More
Integration Highlights of the Day
- BEEAH revealed plans for the Middle East’s first commercial-scale waste-to-hydrogen plant in Sharjah, set to produce 7 tons of green hydrogen daily by 2027. Read More
- Cargill is advancing sustainable shipping with wind-assisted propulsion and dual-fuel vessels, aiming to meet the IMO’s 2050 net-zero target. Read More
Climate Insider Intelligence: 6 Renewable Energy Companies in Singapore to Watch in 2025
Singapore may not have the ideal geographic conditions for renewable energy, but that hasn’t stopped innovative startups from shaking up the industry. From groundbreaking solar solutions to autonomous underwater robots, these companies are turning challenges into opportunities and shaping the future of energy in one of the world’s most tech-forward cities. Discover the top players leading the charge in Singapore’s renewable energy landscape. Read More
