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$100M incubator funding

Jon McNeill. Photo: Christinne Muschi/Bloomberg via Getty Images

Oz meets North Carolina

an illustration of a pick axe with one of the pick ends shaped like a lightning bolt

Cash for water from the air

A rendering of Aquaria's machines that pull water from the air. Image: Courtesy of Aquaria

When a big data center comes to town

The site of the planned data center in Richland Parish, Louisiana. Photo: Courtesy of Louisiana Economic Development

Extantia exclusive

Illustration of a tree with money as the leaves. 

Food waste to gas

Divert's facility in Turlock, Calif., can convert food waste into renewable natural gas that's then injected into PG&E's pipeline. Photo: Courtesy of Divert

Water recycling exclusive

Illustration of blueprints with water in the middle

LPO's uncertain future

Photo illustration collage of Jigar Shah, money, an earth and sun

Loan Programs Office director Jigar Shah. Photo: Torsten Blackwood/AFP via Getty Images. Photo illustration: Annelise Capossela/Axios

Nov. 18 — DVx, a startup incubator co-founded by Tesla and Lyft veteran Jon McNeill, told Axios that it raised $100 million in new funding.

Why it matters: The generalist investor has made green investments in indoor farming startup Interstellar and efficient HVAC developer Cognition Controls.

Go deeper: Read Monday's newsletter, plus Monday's Pro Rata on The Exploration Co., a French developer of a reusable cargo spacecraft, raising $160 million in Series B funding.

1. $100M incubator funding

Nov. 19 — Australia's Sayona Mining plans to merge with Piedmont Lithium to create the largest lithium producer in North America.

Why it matters: Sayona is taking advantage of slumping prices for the battery mineral while beefing up for slow but recovering EV demand.

Go deeper: Read Tuesday's newsletter, plus Tuesday's Pro Rata on The Blackstone Group agreeing to buy a majority stake in sandwich shop chain Jersey Mike's Subs for around $8 billion.

2. Oz meets North Carolina

Nov. 20 — Aquaria, a company that generates water from the air, raised $112 million in a combination of equity and project debt, the company told Axios.

Why it matters: So-called atmospheric water generators are an emerging sector but could find growing interest in water-constrained markets.

Go deeper: Read Wednesday's newsletter, plus Wednesday's Pro Rata on BlackRock's decision to not raise a second fund under the Long Term Private Capital banner.

3. Cash for water from the air

Nov. 20 — Meta is planning to build a multibillion-dollar data center in northern Louisiana, Axios has learned.

Why it matters: Louisiana has emerged as an attractive area for data center campuses as Big Tech searches for new regions outside of energy-constrained hubs.

Zoom in: The project, dubbed "Project Sucre," is proposed to sit on 2,250 agricultural acres in Richland Parish, about 125 miles east of Shreveport, according to state filings. Laidley LLC is the entity named on the filings, and a source tells Axios that Meta is the company behind the entity and data center. 

4. When a big data center comes to town

Nov. 20 — German venture firm Extantia Capital raised €204 million to invest in early-stage climate startups in Europe and the U.S., the firm told Axios.

Why it matters: The firm expects to focus about 40% of the fund in the U.S.

5. Extantia exclusive

Nov. 21 — About 100 miles east of San Francisco, a company is injecting gas made from food waste into PG&E's natural gas pipeline, the companies told Axios.

Why it matters: It's a first-of-a-kind partnership to create a circular system around unused food and utility natural gas infrastructure.

Go deeper: Read Thursday's newsletter, plus Thursday's Pro Rata on nuclear fusion startup Tokamak Energy raising $125 million.

6. Food waste to gas

Nov. 21 — Epic Cleantec, a designer and installer of water recycling systems for large buildings, resorts and campuses, raised a $12 million Series B, the startup told Axios.

Why it matters: Property owners face new regulatory pressure to limit water consumption.

7. Water recycling exclusive

Nov. 21 — A Republican Congress and incoming Trump administration could throw into jeopardy more than half of the announced deals from a favorite target: DOE's Loan Programs Office.

Why it matters: The Energy Department has yet to finalize $25 billion for 16 conditional loan commitments for battery manufacturing, low-carbon fuel production, lithium mining, EV charging, and other projects.

8. LPO's uncertain future

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Climate: 🗞 Week in review

November 22, 2024

1. $100M incubator funding