Dutch carbon capture startup Skytree opens offices in US, Canada

Oct18
by on October 18, 2024 at 12:37 pm
Posted In: Uncategorized


Dutch startup Skytree has opened a new HQ in Toronto, Canada and a new office in Nashville, Tennessee, as it looks to cash-in on attractive government incentives for direct carbon capture (DAC) technologies.  Engineer-turned-entrepreneur Max Beaumont founded Skytree in 2014, following his work on DAC for the European Space Agency. Skytree’s technology is based on the carbon scrubbers used aboard the International Space Station, which remove the excess CO2 produced from the breath of astronauts.    Direct air capture DAC machines suck CO2 from the air like a giant vacuum. The CO2 they capture can be buried underground or mineralised into…

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TNW Conference 2025 theme spotlight: Sustainable Societies

Oct17
by on October 17, 2024 at 1:37 pm
Posted In: Uncategorized


A warming world will — and is already having — a profound impact on the things we all depend on: shelter, food, water, energy, medicine. Most nations have committed to drastic cuts in greenhouse gas emissions to dial back the planet’s thermostat.  But true sustainability is not just about emissions. We will need to transform the way all industries operate — from agriculture to transport and health — to meet the SDGs. The great green transition necessitates innovation. It calls for new, clean technologies and the scaling of proven ones. It requires industry leaders, disruptive innovators, and ambitious startups to…

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Vay secures €34M to bring remote-controlled cars to the streets of Europe

Oct17
by on October 17, 2024 at 9:42 am
Posted In: Electric vehicle, Insider


German “teledriving” startup Vay has secured €34mn from the European Investment Bank (EIB).   In January, Vay launched a commercial remote-controlled car service in Las Vegas. Now it wants to roll out the technology on its home turf. In 2023, the company successfully conducted test drives without a safety driver on public roads in Hamburg. Vay says it has been working closely with authorities to launch a commercial service in the German city.  “This investment will play a crucial role in strengthening the confidence and trust that EU regulators, partners and consumers have in Vay, paving the way for the commercial…

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Has wave energy finally found its golden buoy?

Oct16
by on October 16, 2024 at 1:16 pm
Posted In: Insider


In November 2023, violent Atlantic storm “Domingos” struck the northern coast of Portugal, generating record-high waves and leaving a path of destruction across much of Western Europe.  People on land were grappling with flooded homes, closed roads, and landslides. But just offshore, a potentially game-changing wave energy device was happily bobbing up and down, side to side — seemingly, in its element.  Built by Swedish startup CorPower, the giant golden buoy turns the raw power of the ocean into a clean, reliable electricity source. CorPower claims its tech is at least five times more efficient than the previous state-of-the-art. “We’ve…

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Sweden’s node.vc closes €71M fund for early-stage Nordic startups

Oct16
by on October 16, 2024 at 7:00 am
Posted In: Uncategorized


Stockholm-based node.vc has closed a €71mn fund to back early-stage startups in the Nordics. “The Nordic tech ecosystem is thriving, especially in areas like AI, gaming, fintech, and climate tech,” John Elvesjö, managing partner at node.vc, told TNW. “We’re seeing experienced talent, particularly from companies like Klarna, Spotify, Voi, Kry, and Pleo, stepping up to become founders,” Elvesjö said. The devaluation of employee stock options and increasing layoffs have sparked “fresh entrepreneurial energy,” he added. The fund is sector-agnostic. This means that any startup with “innovative technology” can apply. The size of initial investment per company will be around €1-2mn,…

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