Elon Musk has launched a $100m incentive prize for innovations that can remove carbon dioxide from the atmosphere or the oceans. The Xprize website labels it as the “largest incentive prize in history” and its objective is to facilitate gigatonne-scale carbon removal over the coming decades. Xprize will be a four-year global competition open to natural, engineered and hybrid … [Read more...] about Xprize: How to compete for Elon Musk’s $100m carbon removal fund
funding and investment
Dott raises €70m as it prepares for Irish e-scooter launch
E-scooter company Dott has raised €70m to fund expansion into new markets, including Ireland. The Series B round was led by Belgian investment company Sofina and growth equity investor Estari. New and existing backers including EQT Ventures, Prosus Ventures, Felix Capital and Quadia also participated. The investment is a mix of equity and asset-backed debt … [Read more...] about Dott raises €70m as it prepares for Irish e-scooter launch
€10m fund to help Irish companies compete in a low-carbon future
A new €10m fund aims to help businesses across Ireland reduce their carbon emissions and adopt more sustainable practices. This Climate Enterprise Action Fund will be administered by Enterprise Ireland and will serve companies at various stages of climate preparedness. Tánaiste and Minister for Enterprise, Trade and Employment Leo Varadkar, TD, announced the programme today (15 … [Read more...] about €10m fund to help Irish companies compete in a low-carbon future
Greenheart CBD raises €4.5m to provide tech to hemp farmers
Greenheart CBD, a Meath-based start-up, has raised €4.5m in funding to develop a blockchain platform for issuing loans and new tech to hemp farmers. The round was led by cryptocurrency and blockchain-focused investment firm Alphabit and will be used, according to the Irish Times, to plug gaps in financing for CBD businesses and farmers. Greenheart provides farmers with the … [Read more...] about Greenheart CBD raises €4.5m to provide tech to hemp farmers
Irish-led tidal energy project receives €3m in EU funding
Galway-based ÉireComposites is leading a project to develop a state-of-the-art marine hydrokinetic turbine that aims to produce clean energy at a reduced cost. The Crimson marine project has secured €3m in funding from the European Commission via the Fast Track to Innovation programme. Design and manufacturing company ÉireComposites will lead an international consortium that … [Read more...] about Irish-led tidal energy project receives €3m in EU funding