Hysata raises $42m after hydrogen breakthrough
Hysata, an Australian hydrogen technology company, has raised more than $40 million to fund its expansion after revolutionising the development of the fuel source increasingly touted as an alternative to fossil fuels. Global interest in hydrogen has grown as countries seek alternatives to fossil fuels after pledging to reach net zero emissions by 2050 or […]
Sharks on a plane! Sydney start-up plans to save airlines $61b a year
Australia’s Clean Energy Finance Corporation (with funds managed by Virescent Ventures) is backing a Sydney start-up that makes sharkskin stickers that reduce wind drag and could save the aviation industry tens of billions of dollars a year in fuel costs. The start-up, MicroTau, has developed a way to print microscopic, three dimensional “riblets” into huge, […]
Recycling start-up scores $6m for enzyme that eats plastic
Local recycling tech start-up Samsara Eco is gearing up to commercialise a new patented carbon-neutral recycling process, using enzymes that can break down plastics into their foundational building blocks, known as monomers. The start-up has raised $6 million in fresh funding from the Clean Energy Finance Corporation (managed by Virescent Ventures), Woolworths’ venture capital fund […]
Hydrogen under $2 in reach as Hysata develops revolutionary process
Hysata, an Australian hydrogen technology company backed by CEFC (managed by Virescent Ventures), has developed an ultra-high efficiency electrolyser, a major breakthrough in the industry’s attempt to reach the commercialisation milestone of producing a kilogram of hydrogen for under $2. Read the full article: https://www.afr.com/companies/energy/hydrogen-under-2-in-reach-as-hysata-develops-revolutionary-process-20220315-p5a4te
Downforce Technologies draws investor support with innovative soil carbon solution
An innovative technology solution to cut the cost of measuring and monitoring soil health and carbon levels – a key component in cutting land-based emissions – has won the backing of the CEFC, through its specialist Clean Energy Innovation Fund (managed by Virescent Ventures). The $1.6 million CEFC investment will enable UK-based Downforce Technologies Limited […]
JET Charge raises $25m Series B, including $6m from CEFC (managed by Virescent Ventures)
The CEFC has increased its investment in JET Charge, investing $6 million in its successful $25 million Series B funding round. JET Charge is a leader in the exciting electric vehicle and infrastructure sector. With this latest investment, through the Clean Energy Innovation Fund, the CEFC has invested $9.5 million in JET Charge to help accelerate its growth. Find […]
CEFC congratulates Gridcognition on close of seed round at nearly $4m
The CEFC congratulates Gridcognition on securing almost $4 million in funding to expand the commercial development of software that plans and optimises distributed energy projects. A $625,000 commitment through the CEFC Clean Energy Innovation Fund in this round of funding brings the total CEFC investment to $925,000. Find out more about how we’re working with Gidcognition to make decenteralised […]
CEFC congratulates Zoomo on $80m raise
The CEFC congratulates Zoomo on the success of its Series B capital raising round, which has delivered an additional $80 million in growth capital to this exciting Australian innovator. Zoomo is at the forefront of the electrification of light vehicle transport – including e-bikes – with its market leading end-to-end offering gaining global attention. Through the Clean Energy […]
Using microbes to accelerate carbon removal – Loam Bio raises AUD $40m Series A
The CEFC congratulates Loam Bio (formerly Soil Carbon Company) on its successful Series A round to expand its innovative microbial technology. We were proud to participate in the round and have now invested $5.8 million in Loam Bio through our specialist Innovation Fund. Loam Bio media release October 28, 2021 Loam Bio, an Australian biotechnology company harnessing the power […]
Novalith sets sights on global lithium industry with backing of the CEFC
21 October 2021 An Australian climate technology company is targeting the global lithium market with ground-breaking Australian-made technology that could revolutionise the global battery supply chain. With the backing of the CEFC, Novalith is set to accelerate the development of its novel low carbon, sustainable approach to lithium production, with the goal of substantially reducing […]
