Before giant turbine blades can catch wind, they must first fly with it. At least that’s the case for the blades that will be transported by Radia’s WindRunner, billed as “the world’s largest aircraft, specialized to deliver the largest onshore turbines.” Radia, a Colorado wind energy developer, is working to capitalize on what its leaders […]
Experts from Massachussett’s Form Energy think they can clean up the dirty steelmaking process with battery science. The team made headlines last summer with an iron-air battery that can power up and down as rust turns to iron — and rusts again — in a repeated cycle. It’s a unique bit of chemistry that is […]
Rivian (RIVN) on Thursday Affirmed its full-year production forecast and estimated that second-quarter deliveries will be above analyst expectations. A day after shares surged on news of its joint venture with Volkswagen (VWAGY), RIVN stock fell on Thursday. ↑ X NOW PLAYING If Tesla Is The Most Valuable Car Company, Why Are Hybrids Outselling EVs? […]
Speculation has been swirling for months that Rivian (RIVN) needed a partner and a much needed cash infusion to keep operations alive. The EV startup put the rumors to bed late Tuesday, announcing a joint venture with Volkswagen (VWAGY), with plans for the global auto giant to invest $5 billion in Rivian. ↑ X NOW […]
BEIJING (Reuters) -China’s securities regulator said on Monday it has approved autonomous driving startup Momenta Global Limited’s initial public offering (IPO) in the United States. Momenta plans to issue up to 63,352,856 ordinary shares and list on the Nasdaq Stock Market or the New York Stock Exchange, the regulator said in a statement. China in […]
(Bloomberg) — Nvidia Corp. has agreed to buy Shoreline.io, a startup for software developers founded by a former Amazon Web Services executive, people familiar with the matter said. Most Read from Bloomberg The deal was struck recently and values Shoreline at about $100 million, according to the people, who asked not to be identified because […]
-U.S. electric vehicle (EV) maker Fisker filed for bankruptcy protection late on Monday as deal talks with a big automaker collapsed, exposing the startup to the fallout of a rapid cash burn to deliver its Ocean SUV in the United States and Europe. The company’s unit, Fisker Group Inc, filed for Chapter 11 bankruptcy in […]
The next big battery breakthrough might not involve a 500-plus-mile range or a minutes-long charge time — the traditional measuring-stick metrics for the electric vehicle industry. Instead, California-based Coreshell’s silicon electrode coating could halve the cost of anodes while decreasing dependency on a Chinese-mastered graphite market, according to a report from TechCrunch. And if the […]
A startup is ready to get deep by installing an underwater air-based energy storage system. The result could be reliable, clean energy at a greatly reduced cost. As detailed by Interesting Engineering, BaroMar is building a four-megawatt-hour project in Cyprus as it explores how to store renewable, non-polluting energy for wide-scale use. Dirty fuels account […]
By Arathy Somasekhar and Erwin Seba HOUSTON (Reuters) – Element Fuels Holdings, a Dallas-area startup proposing to build the first all-new U.S. oil refinery in nearly 50 years, on Thursday said it was relaunching efforts to build a large plant in South Texas. The Brownsville, Texas, project has been proposed by entrepreneur John Calce at […]
By Krystal Hu (Reuters) – Canadian AI startup Cohere has raised $450 million in funding from returning investors such as Nvidia and Salesforce Ventures, as well as new investors including Cisco and Canadian pension fund PSP Investments, according to a source familiar the matter. This concludes the first tranche of Cohere’s monthslong fundraising efforts, while […]
Struggling EV startup Fisker has laid off hundreds of employees in a bid to stay alive, as it continues to search for funding, a buyout or prepare for bankruptcy. Workers suspected layoffs were coming when the company directed everyone to work from home on Wednesday — an out-of-character directive, according to multiple current and former […]