Luca shovels in $76M for coal-to-gas technology
Coal is no longer the dirty word it once was. And there’s no better indication than the $75.9 million recently pulled in by Luca Technologies, a company that engineers microbes to produce methane gas from coal. This brand of innovation could be good news all around as the incoming presidential administration emphasizes clean-burning energy despite cheap surpluses in the U.S. coal supply.
The round, which will be used to acquire new coal beds in Wyoming’s Powder… Continue Reading
GreatPoint Energy turns polluting coal into cleaner gas, raises $100M
GreatPoint Energy, a company developing a way to turn polluting coal into less-dirty natural gas, has raised a whopping $100 million third round of financing.
The company will use the money to finish proving its technology works in large-scale production which, if successful, will be a significant step toward reducing the release of carbon emissions.
The new lead investors in the Cambridge, Mass. company are Citi Sustainable Development Investments and Dow Chemical, who were joined by AES… Continue Reading