Vela Secures €40M to Construct Sailing Cargo Trimaran
Vela, a French company at the forefront of wind-powered maritime transportation, has successfully concluded a funding round, raising €40 million (US$43 million). The investment, led by Crédit Mutuel Impact, 11th Hour Racing, and the French public investment bank BPI,...
HopfON Converts Hops Harvest Waste
A pioneering startup known as HopfON, which cleverly draws its name from the German word for hops, “Hopfen”, is striving to revolutionise the way waste from the hops harvest is managed. The initiative, spearheaded by the startup in collaboration with the...
AI Wave Produces Nuclear Reaction from Big Tech
The rise of AI is driving a huge increase in energy consumption. AI data centres globally used about 460 terawatt-hours in 2022 – enough to power approximately 40 million U.S. homes for a year. And that is projected to double by 2026 (although that feels very...
Australian Renewable Energy Surge of 7GW in 2024
Australia is seeing a remarkable surge in its renewable energy sector, exceeding previous forecasts and marking a significant rebound from its slowdown in 2023. This year, the country is anticipated to add more than 7 gigawatts (GW) of renewable energy capacity to its...
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