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Supercharging Public-Private Efforts In The Race To Net-Zero And Climate Resilience
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Fervo Energy raises $28m to scale next gen geothermal tech
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Geothermal technology has enormous potential to power the planet and Fervo wants to tap it
Tapping the geothermal energy stored beneath the Earth’s surface as a way to generate renewable power is one of the new visions for the future that’s captured the attention of environmentalists and oil and gas engineers alike.
That’s because it’s not only a way to generate power that doesn’t rely on greenhouse gas emitting hydrocarbons, but because it uses the same skillsets and expertise that the oil and gas industry has been honing and refining for years.
At least that’s what drew the former completion engineer (it’s not what it sounds like) Tim Latimer to the industry and to launch Fervo Energy, the Houston-based geothermal tech developer that’s picked up funding from none other than Bill Gates’ Breakthrough Energy Ventures (that fund… is so busy) and former eBay executive, Jeff Skoll’s Capricorn Investment Group.
Maine Public Employees earmarks up to $257 million to 4 funds
Print
The board of trustees of the Maine Public Employees Retirement System, Augusta, voted to approve four commitments totaling up to $257 million, James Bennett, chief investment officer of the $16.6 billion pension fund, said in an email Friday.
The board approved the commitments Thursday, subject to final due diligence, legal review and negotiations, Mr. Bennett wrote.
The commitments are to:
Meridiam Sustainable Infrastructure Europe IV for up to €85 million ($101.2 million). Meridiam is an existing relationship.
Cube Infrastructure Fund III for up to €85 million to a European infrastructure fund managed by
Cube Infrastructure Managers, an existing relationship.
Alphabet s busy 2020 in healthcare – everything from AI tools to COVID-19 testing
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