Image: RWDC/Cove RWDC agrees to supply 350 million pounds of its proprietary PHA over five years to the Los Angeles–based startup, which is developing the first water bottle made entirely of biodegradable material.
The latest announcement from Cove, a Los Angeles–based company founded in 2017 that plans to introduce the first water bottle made entirely of biodegradable material, said that it has entered into an exclusive partnership deal with RWDC Industries. RWDC has agreed to supply, over a five-year period, 350 million pounds of its proprietary PHA made from food waste and post-consumer or used cooking oils at its new 400,000-square-foot plant in Athens, GA.
Temasek Invests in Eavor Technologies
Posted on 02/16/2021
Eavor Technologies Inc. is a a Calgary-based geothermal energy startup. Eavor Technologies completed a USD $40 million (CAD$ 50.7 million) funding round. These investments, and the partnerships formed around them, are critical to the commercialization of the technology and to help Eavor scale its already extensive project pipeline. Investors in this round include bp Ventures (part of BP Plc), Chevron Technology Ventures (part of Chevron Corporation), Temasek Holdings Pte Ltd, BDC Capital Corp, Eversource (through its Eversource Retirement Plan Master Trust), and Vickers Venture Partners.
At the moment, Eavor has a pipeline of potential projects in places such as Germany, the Netherlands, Japan, and the U.S.
This investment will support Eavor’s aim to power the equivalent of 10 million homes by 2030
Investors in this round Include: bp Ventures, Chevron Technology Ventures, Temasek, BDC Capital, Eversource
1 and Vickers Venture Partners
CALGARY, Alberta, Feb. 16, 2021 (GLOBE NEWSWIRE) Eavor Technologies Inc., the leader in scalable geothermal technology, has completed a USD$40 million (CAD$50.7 million) funding round. These investments, and the partnerships formed around them, are critical to the commercialization of the technology and to help Eavor scale its already extensive project pipeline.
Eavor’s technology, known as Eavor-Loop™, uses the natural heat of the earth like a giant rechargeable battery. Fluids are heated by the earth and circulated in a closed network of underground wellbores, unlocking a reliable and consistent energy source. Eavor’s technology differs from other forms of geothermal in that it is a scalable “go anywhere” solution, harvesting ge
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Singapore Reporter/s
In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digi