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Chevron Launches $300MM Low Carbon Tech Fund

Chevron Technology Ventures, LLC has announced the launch of its $300 million Future Energy Fund II. Chevron Technology Ventures, LLC (CTV) has announced the launch of its $300 million Future Energy Fund II, which it says is focused on technologies that have the potential to enable affordable, reliable, and ever cleaner energy for all. Future Energy Fund II will focus on innovation in industrial decarbonization, emerging mobility, energy decentralization, and the growing circular carbon economy, according to CTV. The company’s first Future Energy Fund launched in 2018 and invested in more than ten companies with over 150 other investors to support innovations in carbon capture, emerging mobility, and energy storage, CTV highlighted.

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BP, Chevron Invest in Closed-Loop Geothermal Technology

Source: Eavor Technologies The race for breakthrough geothermal technologies is heating up. The latest push came this month when the venture arms of BP and Chevron led a $40 million investment round in a startup company called Eavor Technologies. Calgary-based Eavor (pronounced as “Ever”) is the developer of a closed-loop geothermal system that it says is able to transform the subsurface into “a giant rechargeable battery.” With new funding from the oil majors and others, Eavor’s plan is to scale up and generate enough electricity to power the equivalent of 10 million homes by 2030. “The involvement of companies such as BP and Chevron represents a fantastic endorsement of our technology, the progress we have made to date and the promise for its global scalability,” John Redfern, president and CEO of Eavor, said in a statement.

John redfernFelipe arbelaezVickers ventureஜான் ரெட்‌ஃபர்ந்விக்கர்கள் துணிகர

Editor s take: The week that was — Feb 15-20

Editor’s take: The week that was Feb 15-20 February 21, 2021 It’s been known for a long time that there were cracks emerging at the Philippines-based prefabricated housing construction firm Revolution Precrafted. This week, the controversies regarding the luxury builder took a new turn when the country’s National Bureau of Investigation, acting on a complaint by contractors and suppliers, decided to probe the company. The complainants said they were duped by the firm, which allegedly led to losses worth $3 million. Established in 2015 by Robbie Antonio, the flamboyant son of the real estate tycoon Jose Antonio, Revolution Precrafted had become the first Philippine unicorn within two years of its founding.

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Today in funding: Eavor Technologies, Foko Retail, Motion Gestures, Arolytics, Mogile Technologies

Today in funding: Eavor Technologies, Foko Retail, Motion Gestures, Arolytics, Mogile Technologies Five Canadian tech startups, Eavor Technologies, Foko Retail, Motion Gestures, Arolytics, and Mogile Technologies, have recently secured financing to fuel their growth. Here’s the latest on who raised money, how much from whom, and what they plan to put the new funds toward. Eavor Technologies secures $50.7 million CAD in financing Calgary cleantech startup Eavor Technologies has secured $50.7 million CAD ($40 million USD) in funding as it looks to commercialize its geothermal power generation technology. Investors include bp Ventures, the venture arm of oil and gas company BP; Chevron Technology Ventures; Temasek; BDC Capital; Eversource; and Vickers Venture Partners.

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BP and Chevron back geothermal pioneer Eavor Technologies in $40m funding round

BP and Chevron back geothermal pioneer Eavor Technologies in $40m funding round
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John redfernFelipe arbelaezEavor technologiesVickers ventureஜான் ரெட்‌ஃபர்ந்விக்கர்கள் துணிகர