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
Laurus Energy boasts cheapest, cleanest power in America
A new company called Laurus Energy, which recently received $9 million in backing from a Silicon Valley venture firm, claims it has found the cheapest way to deliver clean power in North America.
The Houston-based company says its energy is even better than natural gas as a source, because the gas is generated with a superior method that no one else is using in North America: Underground coal gasification.
Laurus accesses coal that lies farther underground than… Continue Reading