investment

Kraaken’s Floating AI Platform Still Has To Close The OTEC Math

A floating data centre that generates its own electricity from the ocean, cools itself with seawater, produces drinking water for a coastal community and can sail away when a hurricane approaches is almost tailor-made for the current AI data center hype bubble. Optimal Transit’s Kraaken concept is ambitious even by … [continued]

HyFlux’s Superconducting Motor Might Work. Hydrogen Aviation Is The Hard Part.

HyFlux has an unusually interesting hydrogen-aviation proposition because the technology at its centre appears somewhat credible, if incredibly difficult to engineer and maintain. The UK company wants to exploit the extreme cold of liquid hydrogen already carried aboard a future hydrogen aircraft to cool a fully superconducting electric motor. Superconductivity … [continued]

Energy Vault Scaled Gravity Storage. The Battery Benchmark Is Brutal.

Energy Vault’s Rudong gravity-storage project is a particularly useful technology test because it removes many of the excuses that can surround a first-of-kind energy project. It was built in China, with deep domestic supply chains for concrete, steel, motors, power electronics and industrial construction. It had government support, grid coordination … [continued]

Vertical Aerospace’s eVTOL Can Fly. The Passenger Business Is Still Unproven

Vertical Aerospace’s July appearance at the Farnborough International Airshow was a real engineering milestone. The company publicly demonstrated piloted transition between vertical and wingborne flight, something a powered-lift aircraft has to do safely and repeatedly before certification can advance. Vertical then flew on successive days in front of a large … [continued]

Canada Needs Industrial Policy That Lets The Market Say No

Mark Carney’s industrial-policy agenda has reopened a debate Canada never really escaped: when should government build, finance or shape productive capacity, and when should it leave the result to markets? The proposed C$25 billion Canada Strong Fund makes the question concrete because Ottawa would borrow to capitalize an investment vehicle … [continued]

Heart Aerospace Just Flew The Aviation Transition Investors Should Be Putting Billions Into

Heart Aerospace’s X1 demonstrator flew for 27 minutes on August 12 from Plattsburgh International Airport, powered entirely by batteries. The aircraft has a 106-foot wingspan, weighed more than 25,000 pounds at takeoff and drew more than a megawatt at peak. Heart calls it the largest battery-electric aircraft ever flown. The … [continued]

Ballard’s GeoPura Deal Turns Private Hydrogen Losses Into Public Dilution

Perpetual loss-making hydrogen fuel cell firm Ballard Power is paying £275 million for GeoPura, but only £82.5 million is cash. Most of the price is 50.8 million newly issued and dilutive Ballard shares, leaving GeoPura’s investors with about 14.4% of the combined company and subjecting much of their consideration to … [continued]