Quaise Energy, an American startup, announced on August 27 the final closing of a $180 million funding round, which included $35 million from Nabors, to finance the Obsidian Project in Oregon, where a microwave gyrotron will create wells in rock between 300 °C and 500 °C to establish the first commercial superhot geothermal plant on […]
An entrepreneur began melting discarded plastic into walls Workers at a recycling plant in central Mexico are turning five and a half tonnes of discarded plastic bottles and old toys every day into strong building materials, helping low-income families get better homes while keeping waste out of local dumps. The process, developed in 2013 by […]
A former BlackRock employee took a $100,000 gamble on socks after deciding to test whether consumers would actually buy her idea. Allison Strumeyer, who co-founded sock brand Doublesoul with her husband Ben, ordered 10,000 pairs as an initial test of the business. Rather than immediately leaving her corporate career, she used the experiment to establish […]
A California-based startup, JetZero, is all set to move closer to a real-world test of a ‘manta ray’ aircraft that could change the future of the airline industry forever. According to the startup, its planned Z4 will carry about 250 passengers, fly roughly 5,750 miles and use 30% to 50% less fuel than the aircraft […]
