Swedish startup wants €1.5BN to build emissions-free steel plant

Apr24
by on April 24, 2023 at 4:23 pm
Posted In: Insider


Swedish startup H2 Green Steel has announced its plans to raise more than €1.5bn in equity funding to build steel plants that emit virtually no emissions. The startup, backed by high-profile investors such as Mercedes, Maersk, and Spotify’s chief executive, is constructing a ‘green steel’ manufacturing plant in Boden, north Sweden.  Construction of the plant will be financed through more than €5bn in debt and equity. The startup said in October that it had received support from European financial institutions for €3.5bn in debt financing, making it one of the most capitalised climate tech projects in Europe.  H2 Green Steel…

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LOOP into orbit: Airbus’ new modular multi-purpose space station

Apr21
by on April 21, 2023 at 5:37 pm
Posted In: Space


SpaceX’s giant Starship rocket may have exploded during launch this week. However, that does not mean that Elon, or humanity for that matter, is not determined to enter a new era of space exploration.  To reach further out into the universe, we will need to not only figure out how to send people to Mars, but also how to upgrade our life-support systems and accommodations.   To that end, European aerospace manufacturer Airbus has dreamt up LOOP, a “multi-purpose orbital module” meant to replace the ageing International Space Station (ISS). According to Airbus, it has designed LOOP to “make long-term stays…

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UK-based DeepMind merges with Google Brain in transatlantic AI tie-up

Apr21
by on April 21, 2023 at 5:23 pm
Posted In: Insider


Alphabet has merged the UK-based DeepMind and US-headquartered Google Brain into a single AI research unit. Imaginatively named “Google DeepMind,” the new group unites two camps that had developed an internal rivalry. “Combining all this talent into one focused team, backed by the computational resources of Google, will significantly accelerate our progress in AI,” said Google CEO Sundar Pichai in a Thursday blog post. The new unit will be led by Demis Hassabis, the co-founder of DeepMind and a UK government AI advisor. Born in London, Hassabis is a former child chess prodigy who finished high school two years early and…

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New research milestone could solve quantum scalability

Apr21
by on April 21, 2023 at 1:00 pm
Posted In: Uncategorized


Wherever you fall on the quantum sceptic spectrum, you cannot deny that the potential of the technology is fascinating. Don’t worry, we will admit to not understanding it fully yet either, but the founders of QuiX Quantum do.  Together with scientists from the Leibniz University Hannover, the team has demonstrated a fully-integrated quantum light source on a chip smaller than the size of a one-euro coin.  The study, called “Fully on-chip photonic turnkey quantum source for entangled qubit/qudit state generation,” just FYI, was published in Nature Photonics this week. Its results could reportedly prove a game-changer for technologies such as…

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How high-performance car data will increase EV battery performance

Apr20
by on April 20, 2023 at 3:00 pm
Posted In: Electric vehicle


The popularity of motorsports shows no sign of waning. With its reach amplified by the Netflix hit show Drive to Survive, Formula One in particular has gained an entirely new audience platform. What its electric car Formula E sister league may lack in characteristic sound profile (and on-screen drama), it makes up for in environmentally friendlier engineering.  With new battery technology, Formula E cars might soon beat those of F1 for speed. Furthermore, the experience gleaned from the tracks could also be applied to enhance commercial EV batterylife and performance. Ultra-high performance platform on display in Bologna This week, WAE…

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