General Electric (GE), Svante Collaborate on Carbon Capture | Zacks
General Electric’s (GE – Free Report) unit, GE Gas Power, has entered into a joint development agreement (JDA) with the Canadian company, Svante, to develop and evaluate solid sorbent-based carbon capture technology for natural gas power generation applications. Simultaneously, GE made an equity investment in Svante for the latter’s U.S. $318-million Series E fundraising round in December 2022.
Svante, GE Looking to Capture Carbon from Natural Gas Turbines | NGI
Svante Inc., considered to be a leader in carbon capture technologies, and General Electric (GE) Gas Power have partnered to to decarbonize natural gas-fired turbines.
Svante Appoints VP Project Delivery & Technology Licensing
VANCOUVER, BC—March 8, 2023—Following a series of announcements related to new executive appointments, leading carbon capture and removal solutions provider, Svante, announced today that it has appointed Mark Claessen as VP, Project Delivery and Technology Licensing. The company says this new role has been created as part of its focus on continued expansion and adaptation […]
Svante Appoints Chief Revenue Officer and Chief Commercial Officer & General Counsel
VANCOUVER–(BUSINESS WIRE)—February 14, 2023—Svante, a leading carbon capture & removal technology solutions provider based in British Columbia, Canada, announced today that its executive team continues to expand and adapt to the company’s next phase of growth. Matthew Stevenson is transitioning from CFO to the new role of Chief Revenue Officer (CRO), and Andrew McLeod has […]
OGCI Climate Investments continues to back Svante, a new unicorn, in latest funding round
OGCI Climate Investments (CI) participated in recent $318 million funding round for breakthrough carbon capture and removal technology provider, Svante The funding round, largest for a point source carbon capture technology provider, values Svante over $1 billion, making it CI’s second portfolio company with unicorn status CI initially invested in Svante in 2018, with additional […]
Svante Listed on the 2023 Global Cleantech 100
Vancouver, BC – January 12, 2023 – Following a series of major announcements, carbon capture and removal solutions provider, Svante, located in Vancouver, BC, Canada, announced today that it has been listed on Cleantech Group’s highly anticipated 2023 Global Cleantech 100. Published annually, The Global Cleantech 100 lists the most innovative and promising companies that […]
Svante Recognized as a Great Place to Work®
In the wake of the new year, Vancouver-based carbon capture and removal solutions provider, Svante, has been awarded the Great Place to Work Certification™ by the eponymous workplace-culture auditing agency.
Clean-Energy Funding Stayed Strong in Weak Market | The Wall Street Journal
Volatile markets and big selloffs for speculative stocks hardly slowed funding for clean-energy projects this year. Some investors are betting on a boost in 2023 as Washington’s climate and spending legislation kicks in.
After a record-setting period for green finance, fundraising has slowed slightly but is still well ahead of levels from a few years ago. Big companies have raised about $1.15 trillion in green and sustainability-linked bonds and loans in 2022, down from 2021’s record of $1.3 trillion but more than double the 2019 and 2020 figures, Dealogic data show.
Startups have privately raised about $47.5 billion in equity, down from roughly $55 billion in the previous year but also well ahead of the pace from a few years ago, according to PitchBook. Funding for clean-energy projects and companies slowed less in both categories than it did for the broader market.
The 10 biggest funding rounds for Pacific Northwest startups in 2022 | GeekWire
Venture capitalists slowed investments this year in response to the cooling economy. But some startups were still able to secure large sums of cash.
The top 10 funding rounds across the Pacific Northwest in 2022, listed below, highlight companies that were able to attract venture capital dollars despite rising interest rates and tumbling public tech stock valuations.
Investment in startups slowed in the latter half of this year while investors advised portfolio companies to cut expenses and preserve cash. Hundreds of startups have laid off employees in recent months
Svante Raises US$318 Million in Series E Round, Led by Chevron New Energies
Chevron New Energies (CNE), a division of Chevron U.S.A. Inc., and Svante announced that Chevron is the lead investor in Svante’s Series E fundraising round, which raised $318 million that will be used to accelerate the manufacturing of Svante’s carbon capture technology.
