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Breakthrough Energy Fellows announces 3rd Cohort to accelerate Climate-tech Innovation

American Entrepreneurship

With the goal of getting the world to net-zero carbon emissions by 2050, Breakthrough Energy’s fellows program seeks to help innovators accelerate their clean technology. Once in the program members are given critical resources that includes research funding, mentorship, education, and access to the extensive Breakthrough Energy network.

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TRIREC, INNOPOWER team up for $100m green energy fund

AsiaTechDaily

This strategic partnership will help catalyze the investment in companies that are making substantial contributions towards the global target of achieving a net-zero economy by 2050, according to the announcement.

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Singapore’s InterContinental Energy Attracts $115M Funding from GIC and Hy24

AsiaTechDaily

Hy24’s investment through its Clean Hydrogen Infrastructure Fund injects capital and introduces a valuable network of leading industrial and financial players deeply involved in the entire hydrogen value chain. With this, the market is expected to gain momentum from 2030, as per the insights from the International Energy Agency.

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ZEBOX, an incubator for supply chain startups, launches its Asia hub in Singapore

TechCrunch

ZEBOX , an international accelerator network founded by shipping conglomerate CMA CGM to introduce more tech innovation into the supply chain industry, announced today the launch of its APAC headquarters. This is an especially critical area for CMA CGM Group, since its goal is to reach net zero carbon by 2050.

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AI-driven energy startup Octopus hits $2B mark after $200M investment from Tokyo Gas

TechCrunch

Japanese Prime Minister Yoshihide Suga has set a target of reaching net-zero by 2050. Octopus has also launched Electric Juice, an electric vehicle roaming network, and partnered with Tesla to launch Tesla Power. Japanese renewables lag the U.K. by 50% (renewables in Japan in 2019 accounted for 18.9% of electricity versus 37.9%

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Korean VC Sopoong closes $8M fund for startups focused on environmental impact

TechCrunch

Two years ago, South Korea unveiled a plan to reach carbon neutrality by 2050. Sopoong invests up to $350,000 into each startup via the accelerator program and offers mentorship, co-working space, administrative support and networking opportunities with experts. Getting there will be another story.

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Japanese EV Startup Terra Motors Raises $28 M in Series C Funding for Infrastructure Expansion

AsiaTechDaily

Japan’s goal of achieving carbon neutrality by 2050 and transitioning to a decarbonized power supply underscores the importance of expanding the adoption of EVs. The funds raised in the recent funding round will play a crucial role in accelerating the expansion of Terra Motors’ charging infrastructure network.

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