MassMutual Ventures’ Post

As we begin a new year, let's celebrate the remarkable achievements of EDP Ventures in 2023. We have been recognised as Corporate Startup Stars, the #8 Global Investor in Clean Energy, and included in the prestigious Top 100 Powerlist of Global Corporate Venturing for our unwavering commitment to supporting innovative startups driving the green transition. We invested €14M in 2023 reaching €70M of accumulated investments and we added 4 new companies to our Portfolio: Terabase Energy - developed Terafab, the world’s first automated field factory for utility-scale solar construction Mixergy Ltd - developed a smart water heater that uses AI to significantly improve efficiency and cost, acting as a residential battery Splight - a platform that deploys AI solutions to optimize RES integration in any type of grid Captura - developed a Carbon Dioxide Removal (CDR) system based on the ocean’s natural CO2 absorption capacity Join EDP Ventures and help shape a greener future! Check out EDP Ventures' 2023 highlights and find out more at: https://bit.ly/3OhFjhT #EDPWeChooseEarth #AllGreen2030 #EnergyTransition

𝐆𝐫𝐞𝐞𝐧 𝐀𝐦𝐦𝐨𝐧𝐢𝐚 𝐠𝐨𝐞𝐬 𝐝𝐢𝐠𝐢𝐭𝐚𝐥 Hydrogen projects still face high costs due to high complexity in the planning and approval process. Southern Lights addresses these issues by providing a Software as a Service (SaaS) solution that simplifies business development and conceptual design, making processes more transparent, efficient, and manageable. Most recently, they added an #ammonia feature to their software solutions for green #hydrogen and Power-to-X project design and business development, extending the functionality to one of hydrogen’s key derivatives. With this innovative add-on, the Swedish B2B SaaS green-tech company simplifies and optimizes the production process of green ammonia thus enhancing productivity and driving competitiveness for #energy companies. 𝗞𝗲𝘆 𝗯𝗲𝗻𝗲𝗳𝗶𝘁𝘀 𝗼𝗳 𝘁𝗵𝗲 𝗻𝗲𝘄 𝗚𝗿𝗲𝗲𝗻 𝗔𝗺𝗺𝗼𝗻𝗶𝗮 𝗳𝗲𝗮𝘁𝘂𝗿𝗲: ✅ Saves time and money by simplifying the workflow of green ammonia projects ✅ Minimizes risk of error by providing verifiable, transparent techno-economic calculations and data visualization tailored to the development process ✅ Accelerates the decision-making process by providing comprehensive data and insights for more informed decisions ✅ Enhances competitiveness as it allows for swift reactions to project changes, speeding up the development process and making it more reliable ✅ Reduces the risk of project decisions by providing a robust and transparent framework for all internal and external stakeholders. Southern Lights was part of our accelerator program SPRINT #4 in 2023. Here is what CEO and co-founder Felipe Gallardo says about his experience: “H2UB bridges the gap between corporate giants and startups, fostering innovation and collaboration in the energy sector. Through H2UB, we received commercial and technical guidance at our start, enabling us to refine our product and marketing strategies. We also built strong connections with other startups, gaining insights that have been crucial to our growth.” If you are a seed or series A start-up that wants to validate his statement while benefitting from our support and the expertise of our partners, do not hesitate to register for our upcoming SPRINT #6 in this fall. Become part of our #HYDROVERSE and together we boost the hydrogen economy – apply now 👉 https://lnkd.in/e5MZuMW5

Geologic hydrogen offers strong opportunities for growth in the hydrogen supply network in the US and worldwide

♻️ TheStorage Secures €1 Million Investment to Decarbonize Industrial Heat 👉 https://ain.social/3YDUW9j Finnish startup TheStorage has raised €1 million in a funding round led by 2C Ventures and Superhero Capital, aiming to tackle one of the biggest challenges in the green transition: decarbonizing industrial heat. Founded in 2023, TheStorage's sand-based thermal energy storage solution allows industries to store and use low-cost renewable energy like wind and solar, converting it into a stable supply of heat. This approach significantly reduces reliance on fossil fuels while cutting costs for industrial players. 🏭 💬 "Our solution empowers industries to transition to fossil-free processes and achieve significant cost savings," says Co-Founder and CEO, Timo Siukkola. The fresh funding will help build a proof-of-concept system and collaborate with industrial partners to further demonstrate its potential. #GreenTech #Cleantech #EnergyTransition #IndustrialHeat #Sustainability #StartupFunding #TheStorage #RenewableEnergy #SuperheroCapital #2CVentures #Finland #Nordics #Baltics #Decarbonization

Hopefully this is the beginning of the trend, and the investor pool is waking up to the beauty of #naturalhydrogen, with funds being channeled into this carbon net-zero, commercially sensible fuel of the future

🌍 The future of energy is evolving rapidly, with new technologies across bioenergy, hydrogen, and advanced energy storage leading the way toward a more sustainable world. In a recent feature by ClimateHack on the “50+ Energy Startups to Watch,” our own Cristina Doumitrachko shared some of the most exciting ventures transforming the energy landscape. 🚀 Alongside our investments in the charge point operator eze.network and fusion energy startup Proxima Fusion, Cristina highlighted two more innovative companies making waves: 🇩🇪 Voltfang – Delivering high-performance, sustainable energy storage by repurposing second-life EV batteries to offer eco-friendly, cost-efficient solutions for businesses. 🌱🔋 🇧🇷 BioHack – Supporting industries in reducing environmental impact by implementing circular economy principles and converting waste into valuable products. ♻️ From stellarator fusion to next-gen energy storage, the energy sector is brimming with transformative ideas that will reshape how we power our world. Read more in the article by Laura Hodgkiss: https://lnkd.in/etPNkvUW Elisabeth Schrey Dr. Anne-Kathrin Hinze Tobias Weissgerber Stephanie L. Stein

Snam S.p.A., Europe’s leading operator in natural gas transport, with a network of approximately 38,000 km in Italy and abroad, has chosen Elestor B.V. as one of the winning startups of its third global corporate accelerator focused on hydrogen technologies, called #DecarbonizationNexus. More than 50 startups applied to Snam’s Decarbonization Nexus programme, which was created to identify and advance innovative technologies across the entire hydrogen value chain. For our innovative hydrogen flow-battery, designed for long-duration energy storage applications, we have been selected to continue the acceleration journey for an additional four months. Our cooperation with Snam will demonstrate our ability as a provider of hydrogen-based flow battery technology to offer robust, affordable, long-term, large-scale and scalable storage of clean energy.   During the programme, we will evaluate the potentiality and feasibility of connecting Elestor BV flow-battery directly to the H2-infrastructure. #LDES #Energystorage #Hydrogen

Last year, GCxN welcomed our sixth cohort, bringing our portfolio to 23 #cleantech #startups across varying technology stages and sectors like #powergeneration, #transportation, and #advancedmaterials. ⚡️ With support from Shell and the National Renewable Energy Laboratory, our portfolio companies have made significant strides in their paths to commercialization over the last year. By accelerating their time to market, GCxN helps to minimize the risks associated with commercializing next-generation #cleantechnology that can dramatically alter the future energy landscape. Read the 2023 Year in Review to learn more about our portfolio: https://bit.ly/GCxN2023YIR

“Verne’s cryo-compressed hydrogen storage tech scores backing from big name investors” April 23, 2024 - TAMI HOOD “A strategic fundraise is the boost Verne needs to accelerate its #H2technology development.” “Verne’s innovative #hydrogenstoragetechnology has received new funding from Trucks Venture Capital, Collaborative Fund, Amazon’s Climate Pledge Fund, United Airlines Ventures Sustainable Flight Fund, and Newlab. This latest investment (in addition to grant funding) brings the leading developer of #highdensityH2storagesystems’ total funding to $15.5 million. The funding will help Verne speed up development of its #CcH2 (#cryocompressedhydrogen ) tech.” “Verne is dedicated to overcoming the #H2heavydutytransport challenge. Verne is developing its #CcH2technology for #onboardhydrogenstorage for #heavydutyvehicles . Since it was first established in 2020, the company has been committed to solving the challenge heavy-duty transportation fleets face transitioning from diesel to costly #zeroemission tech.” “Verne’s #highdensityH2storage allows heavy-duty transport vehicles to reach the range and payload equal to that of diesel. The company’s #cryocompressedhydrogentech #cools and #compresseshydrogen to attain the maximum #hydrogendensity at 73 g/L internal density. This is reportedly a 33 percent improvement over #liquidH2 and an 87 percent improvement over traditional 700 bar #compressedgasH2 .” “The boosted density results in better range and payload. In short, the company’s tech allows #semitrucks the ability to achieve range that’s equivalent to #diesel over 900 miles, with no extra weight added to the system.” https://lnkd.in/ePYbXxfy? Source- original post Read all my posts #MariusPreston

What. A. Week for BOLD Voodoo + Partners. Well done to Volta Energy Technologies for closing its round, as reported by Yusuf Khan from The Wall Street Journal “There is a tipping point where things have to move from policy and regulations to #economics,” Volta co-founder and Chief Executive Jeffrey Chamberlain said. “That turning point is upon us now. Vehicles from China, Korea, Europe and the U.S. are now cost competitive with internal combustion engine vehicles. This drop in costs is going to accelerate.” James Frith Fiona Howarth Christina Hess Octopus Electric Vehicles Amy Rennison Sacha Dench GDI Rob Anstey Circulor Douglas Johnson-Poensgen Jessica Green Ellen Carey Luise Müller-Hofstede Rhys Mason John Gardiner Charlotte Sheffield Quentin Willson FairCharge Allye Jonathan Carrier Jonathan Pollock Elbow Beach Capital Aterian plc Charles G. Bray David Brocas S C Insights Andy Leyland NTT DATA James Woodward Bill Esterson Ieuan Lewis Felix Mann Sarah Maryssael Fastned Hannah Fairley https://lnkd.in/dRv2azyq