The funding, led by Breakthrough Energy Ventures, supports scalable solutions for sustainable treatment processes.
“Robust greenhouse gas removal is needed, and needed swiftly, to limit the effects of climate change and to meet our climate goals,” stated Dr. Joachim Katchinoff, CREW Co-Founder and CEO.
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It is a known fact that data centers are always on and emit a lot of heat. Administrators diligently manage equipment to prevent overheating but a notable trend is emerging where certain data centers opt to repurpose their generated heat rather than releasing it. Numerous organizations are adopting innovative strategies to reuse the heat generated by their data centers, warming other facilities, residences in neighboring communities, and even swimming pools in environmentally friendly ways.
London-based startup, Deep Green, installs small data centers at energy-intensive sites, turning waste heat from computers into hot water for swimming pools. They recently secured a £200 million investment from Octopus Energy to scale up its technology and expand its services to more swimming pools across England.
Despite the environmental and economic benefits, challenges such as high infrastructure startup costs, geography, technological complexities, and potential energy losses during transmission hinder the widespread adoption of data center heat reuse. Optimal monitoring and optimization of heat cycling, liquid cooling, and airflow dynamics are crucial considerations.
As the demand for data centers rises, the efficient reuse of heat emerges as a vital component of the circular economy. Overcoming challenges through technological advancements and a global focus on heat reuse is essential for mitigating the environmental impact of energy-intensive data centers.
Story
DeFi Technologies Inc., a platform that allows investors to invest in digital assets, has signed a letter of intent to acquire Reflexivity Research LLC, a leading crypto native research firm. This move signals DeFi’s foray into the research domain, amplifying its commitment to fostering knowledge and understanding in the fast-paced crypto sector.
As traditional finance and decentralization are increasingly crossing paths, i.e. the recent approval of Bitcoin ETF, DeFi is setting themselves up as a bridge between the two financial worlds but also positioning the company to provide valuable insights to its clientele, enriching its comprehensive suite of services in the financial ecosystem.
"As traditional finance continues to allocate to this new asset class and structured products become more important in 2024, we are excited to partner with DeFi and the pioneers of the ETP market at Valour. This collaboration will enhance our research and bring insightful, actionable intelligence to our clients, bridging the gap between traditional finance and the burgeoning potential of cryptocurrency markets." - Anthony Pompliano, Co-founder, Reflexivity Research
This acquisition not only marks DeFi Technologies' expansion but also raises questions about the evolving landscape of cryptocurrency research. How will this collaboration influence the intersection of traditional finance and decentralized markets, and what ripple effects might it have on existing industry players?
The partnership will create enhanced research capabilities and valuable insights for clients in the crypto market.
Story
Circle, the issuer of the second largest dollar-based stablecoin, USDC, has announced they will pursue an IPO.
Circle had previously attempted to go public through a SPAC transaction valued at $4.5 billion but it fell through at the end of 2022. The current move towards an IPO signals a positive shift in the market and public sentiment.
Circle maintains its pursuit of becoming a public company, aligning with its core strategy to enhance trust and transparency, despite the SPAC deal's setback. The company's focus on compliance and its quest for a banking license underscore its commitment to regulatory standards.
The SEC's cautious approach to blockchain firms, exemplified by the collapse of FTX, Three Arrows, Celsius and more, as well as the undergoing Binance investigation, underscores a challenging regulatory environment, with Circle navigating these complexities.
The SEC's reluctance challenges the dominant investor narrative, emphasizing the evolving and sometimes uncertain nature of blockchain-related regulations. The success of the IPO could greatly advance the crypto industry and change the way we handle financial transactions.
Story
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