Over $450M in deals announced as Northvolt secures investment for its sustainable battery expansion & other news from cleantech firms

Yellow Raises $14M in Series B Funding to Expand Solar Energy and Digital Financing in Africa 

African solar energy startup and digital devices financier Yellow has secured $14 million in Series B investment round led by Convergence Partners, with participation from the Energy Entrepreneurs Growth Fund and Platform Investment Partners. The funding will support market expansion and the launch of digital and financial products.

Initially focused on solar energy in Malawi, Yellow expanded its operations across Africa and added smartphones to its product lineup. According to reports by Annie Njanja from TechCrunch, Yellow's agent network has reached over 400,000 customers and offers flexible payment options for solar home systems. 

The most sought-after product from the startup is their compact home solar system, which includes a 6W-10W panel, 20-50Wh battery, 4 lights, a cellphone charger, and a radio. https://bit.ly/3NPl8bz 

TreaTech Secures $9M Funding for Innovative Hydrothermal Gasification Technology

TreaTech – a Swiss startup specialising in hydrothermal gasification for renewable gas production from industrial waste – has received over $9 million in financing. The investment round was co-led by ENGIE New Ventures, Montrose Environmental Group, and EIC Fund, with participation from CMA CGM, Sipchem, and Holdigaz. The raised funds will accelerate the industrialisation of TreaTech technology. 

Laurent Berthier, via Engie, reports that TreaTech's technology provides advantages such as fast reaction time, space efficiency, pathogen elimination, and plastic micro-particle treatment. ENGIE, as one of the co-leading investors, aims to develop renewable gas and increase biomethane production to 10 TWh per year in Europe by 2030. 

TreaTech's technology aligns with circular economy principles, capturing valuable products from wastewater treatment processes. ENGIE New Ventures actively invests in climate technology startups, with over 50 investments in the cleantech sector since 2014. https://bit.ly/3XpsSnC 

CRI Secures $30M Investment Led by Equinor Ventures for Carbon-to-Methanol Technology Expansion 

Carbon Recycling International (CRI), a company focused on converting carbon dioxide into methanol, has completed a $30 million investment round led by Equinor Ventures. Other Icelandic investors Gildi, Sjóvá and Lífeyrissjóður Vestmannaeyja participated in the round. The funding will fuel CRI’s growth and capacity to roll out its successful and scaled conversion technology. 

CRI's environmentally friendly methanol production technology has gained global recognition. The company aims to meet the growing demand for CO2 reduction and green fuels to contribute to the energy transition. Equinor Ventures and other investors have demonstrated strong validation of CRI's technology and market potential. https://bit.ly/42Xkr47 

Northvolt Raises $400M Investment Led by IMCO for Sustainable Battery Expansion 

A pioneer battery platform focused on sustainable battery cells and systems, Northvolt AB, has secured $400 million from the Investment Management Corporation of Ontario (IMCO). In addition, IMCO's Fundamental Equities and Global Infrastructure teams jointly invested in Northvolt, driven by their shared priority to address climate change and facilitate the transition to a net-zero emissions economy. The raised investment will support Northvolt's expansion plans and align with IMCO's commitment to a sustainable battery supply chain. 

Northvolt's gigafactories produce batteries using fossil-free electricity to achieve 150 GWh annual production capacity by 2030. The firm intends to offer the world’s greenest and lowest carbon footprint batteries for various industries such as electric vehicles, industrial systems and energy storage structures. https://bit.ly/3Nst00Z 

Solar X Works Forms Strategic Partnership with GW Global Partners 

Solar X Works, a US-based renewable technology startup, has formed a strategic equity partnership with GW Global Partners. Solar X Works specialises in applied renewable energy solutions, including power consumption reduction, waste reduction, cold chain solutions, and distributed medical solutions. 

The partnership aims to accelerate advancements in renewable solutions across sectors such as agriculture, food security, manufacturing, and medical services. Solar X Works also emphasises its blockchain solutions for data storage and tracking, along with potential tokenisation and capital raise solutions. GW Global Partners was attracted to Solar X Works' intellectual property, vision, and market potential, aligning with their commitment to sustainable technology investments. https://bit.ly/42U89JH 

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