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DNA-based data storage platform Catalog raises $35M

TechCrunch

Conventional electronic media like flash drives and hard drives require energy consumption to process a vast amount of high-density data and information overload and are vulnerable to security issues due to the limited space for storage. There is also an expensive cost issue when it comes to transmitting the stored data.

Storage 238
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Synthetic DNA startup Catalog partners with Seagate for its DNA-based data storage platform

TechCrunch

However, data storage costs keep growing, and the data people keep producing and consuming can’t keep up with the available storage. The partnership focuses on automating the DNA-based storage platform using Seagate’s specially designed electronic chips. Data needs to be stored somewhere.

Storage 206
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Energy Dome gets $44M uplift into its CO2 battery for renewable energy storage

TechCrunch

Italian climate startup Energy Dome , which has developed a “CO 2 Battery” for storing renewable energy, has closed a €40 million (~$44M) Series B round — bringing the total raised for its novel energy storage solution to €54M (or just shy of $60M).

Energy 172
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A startup using a new tech to make hydrogen extracts cash from Bill Gates’ climate tech fund

TechCrunch

C-Zero is developing a technology that converts natural gas to hydrogen, a much cleaner source of fuel, and solid carbon as the only waste stream for use in electrical generation, process heating and the production of commodity chemicals like hydrogen and ammonia. . “Our CTO talks about running a coal mine in reverse,” Jones said.

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Carbon Capture, Storage And Transformation Is Still A Popular Funding Theme

Crunchbase News

But to slow or stop some of the most dire consequences, the growing consensus is that we’ll also need to massively scale carbon capture and storage. So far this year, startups with business models tied to carbon capture, storage and transformation have closed on nearly $1.2 Funding tallies reflect this mindset.

Storage 134
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Malta’s energy storage tech to stabilize electricity grids reliant on renewables gets $50 million

TechCrunch

That’s why technologies coming from companies like Malta , an energy storage technology developer that just raised $50 million in new financing, are attracting attention and venture capital investment. Meanwhile its competitors are already supplying power from pretty massive storage projects. ”

Energy 142
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With a €43M EU grant and €1.2M from a VC, this startup plans to turn CO2 emissions into gold

TechCrunch

These then convert the carbon dioxide into chemical compounds that are sold back to industry. Dubbed “PyroCO2,” the project aims to demonstrate the large-scale conversion of industrial carbon emissions into value-added chemicals and materials. If it can be scaled-up, this could turn even emissions into a revenue opportunity.

Chemicals 241