Tag: Idealab
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Carbon Capture Picks Up $35M
Pasadena-based Carbon Capture, a new startup which says it is developing machines that remove CO2 directly from the atmosphere, has raised $35M in a Series A funding round. the funding came from Prime Movers Lab, Rio Tinto, Idealab Studio, and Marc Ben…
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Energy Vault Scores $100M For Gravity-Based Energy Storage
Westlake Village-based Energy Vault, which is developing gravity-based, grid-scale energy storage systems, has raised $100M in its Series C funding round, the company announced this morning. The funding was led by Prime Movers Lab, and also included So…
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Heliogen Goes Public Via SPAC Acquisition
Pasadena-based concentrated solar energy technology developer Heliogen, a spinout of the Idealab startup incubator, has gone public via a Special Purpose Acquisition Company (SPAC) deal, the company said on Wednesday. According to Heliogen and Athena T…
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Heliogen’s ‘Sunlight Refinery’ Captures Carbon-Free Thermal Energy
Serial entrepreneur and Heliogen CEO Bill Gross calls it the Sunlight Refinery. In the fall of 2019, the Pasadena startup unveiled a Lancaster facility designed to capture carbon-free thermal energy at over 1,000 degrees Celsius using a cluster of mir…