News

Form Energy is helping climate-change efforts by building massive iron-air batteries that could help store electricity produced by renewable energy sources. Watch Boston Globe's video following the team into their research and design warehouse in Somerville to see what they're charging up.

Companies

• Form Energy

The future of electric is geothermal. Check out the recent The Wall Street Journal Future of Everything Podcast hosted by Alex Ossola, discussing the potential of geothermal energy and how electric cars, lights and cell phones may be powered by this source in the future. Quaise Energy co-founder and CEO Carlos Araque joins the conversation discussing the company's unique approach to drilling: vaporizing rock.

Companies

• Quaise

Commonwealth Fusion Systems, Sublime Systems, and Form Energy have been named as key climatetech companies to watch in MIT Technology Review. Explore the full list, ranging from nuclear fusion to cow-free burgers.

Companies

• Commonwealth Fusion Systems
• Sublime Systems
• Form Energy

Congratulations to CEO Francesco Maria Benedetti and the Osmoses team for closing $11M in seed funding!

Companies

• Osmoses

Atlantic Quantum has developed a new type of quantum architecture exceeds industry standards. The team has announced promising research showing their fluxonium-based qubit architecture achieves the lowest error rates to date for superconducting qubits.

Companies

• Atlantic Quantum

Weirton Steel in West Virginia has been turned into Form Energy's new battery plant.

Companies

• Form Energy

Congratulations to Bharath Kannan, Co-Founder & CEO of Atlantic Quantum, for being named as one of this year's MIT Technology Review Innovators Under 35! Atlantic Quantum is on a mission to usher useful quantum computing from vision to reality, by eliminating performance and scalability tradeoffs. This recognition is a testament to Bharath's dedication and vision.

Companies

• Atlantic Quantum

“We are writing a new book on steel metallurgy,” says Boston Metal CEO Tadeu Carneiro. With ascending climate concerns, Boston Metal is pioneering a green revolution in steel production. The team's groundbreaking Molten Oxide Electrolysis (MOE) technology promises to reshape the future of the industrial world, offering cleaner, greener steel.

Companies

• Boston Metal

CEO & Co-Founder of Sublime Systems, Leah Ellis, describes how her team is using electrochemistry to decarbonize cement. Watch the full video on Bloomberg.com to learn about the ramifications of traditional cement production and how Sublime is making an impact.

Companies

• Sublime Systems

Boston Metal has closed an impressive Series C round, securing $262 million to decarbonize steelmaking. This substantial investment will fuel the scaling of their decarbonization technology for commercial use and global employee expansion. Already successful with ferro-alloys, the team is now poised to demonstrate the transformation of iron ore into traditional steel at a large scale.

Companies

• Boston Metal

By harnessing the potential of millimeter waves, Quaise is aiming to pulverize rock and delve up to 12 miles deep, a transformative development in the energy sector.

Companies

• Quaise

Vaxess Technologies has teamed up with AstraZeneca to develop prototype vaccines for pandemic influenza. Funded by the DoD, this partnership will develop a game-changing skin patch mRNA vaccine, marking a significant leap forward in vaccine delivery and medical preparedness.

Companies

• Vaxess Technologies

How do you look at what the world’s biggest problems are? And what role could technology play in expanding the arc of those problems in the right direction?

People

• Katie Rae

Engine Ventures is thrilled to have partnered with Norrsken VC to create the Impact/100 of 2023: an annual list of the world’s 100 most promising impact startups. Congratulations to our portfolio companies Boston Metal, Cellino, Commonwealth Fusion Systems, Lilac Solutions, and Vaxess Technologies for being selected!

Companies

• Boston Metal
• Cellino
• Commonwealth Fusion Systems
• Lilac Solutions
• Vaxess Technologies

The VEIR team has successfully completed an outdoor demo energizing a 100-foot overhead superconductor power line. Their novel cooling approach will modernize the grid and increase access to renewable energy, while helping to meet global power needs.

Companies

• VEIR

The Celestial AI team raises $100 million in Series B funding! Celestial’s Photonic Fabric technology platform delivers optical connectivity performance levels that are ten years more advanced than existing technology offerings.

Companies

• Celestial AI

Sublime Systems is decarbonizing cement production with an electrochemical solution to the conventional fossil fuel-intensive processes of the industry.

Companies

• Sublime Systems

Hyfé creates the future feedstocks of biomanufacturing from nutrients lost in trillions of gallons of food processing wastewater.

Companies

• Hyfé

CEO & Managing Partner Katie Rae provides her investment insights in the fusion energy space based on her experience supporting the growth of Commonwealth Fusion Systems.

People

• Katie Rae

Congratulations to Commonwealth Fusion Systems and Form Energy for being named two of the world's top 100 deep tech companies by Bessemer Venture Partners and XPRIZE.

Companies

• Commonwealth Fusion Systems
• Form Energy

Sublime Systems is pioneering transformational change in the cement industry with low-carbon cement! Boston Globe visits the Sublime lab space to see the team's efforts in reducing 7% of global carbon emissions produced by cement manufacturing.

Companies

• Sublime Systems

Canary Media sits down with The Engine Managing Partner & CEO Katie Rae to reflect on her path as a mission-driven investor and hear her thoughts on career opportunities in climatetech.

People

• Katie Rae

Boston is becoming an energy powerhouse, and The Engine is right at the helm of the scientific breakthroughs and ambitious teams leading the transition such as Quaise Energy, Commonwealth Fusion Systems, and Form Energy.

Companies

• Quaise
• Form Energy
• Commonwealth Fusion Systems

People

• Katie Rae

Congratulations to Mateo Jaramillo, CEO & Co-Founder of Form Energy; Bob Mumgaard, CEO & Co-Founder of Commonwealth Fusion Systems; Tadeu Carneiro, CEO of Boston Metal; and our very own Katie Rae for making the second edition of the Boston Globe's Tech Power Players List!

Companies

• Form Energy
• Boston Metal
• Commonwealth Fusion Systems

People

• Katie Rae

Sublime Systems was named a winner of the BloombergNEF Pioneers Award! This prestigious award selects 12 winners from a pool of nearly 350 global applicants, recognizing early-stage startups pursuing transformative technologies to address climate change.

Companies

• Sublime Systems

The Engine General Partner Milo Werner speaks on the state of robotics and how robotics can play a fundamental role in addressing climate change.

People

• Milo Werner

CEO & Managing Partner Katie Rae speaks on how founders should pitch a VC in 2023. From Katie's perspective, sharp answers, real data sources, and a broad understanding of the market you're entering are crucial elements to a successful pitch.

People

• Katie Rae

Growing up in PA, William Woodford spend cold winters watching football and using hand warmers. Those hand warmers ended up being an unlikely source of inspiration when he co-founded Form Energy with Mateo Jaramillo, Ted Wiley, and Yet-Ming Chiang. Since their inception in 2017, the team has raised almost $900M and is about to begin construction on a $760M battery manufacturing plant in West Virginia.

Companies

• Form Energy

"The collapse of Silicon Valley Bank created a significant void in the world of climate finance, but it's now providing an opportunity for new support to emerge and for the industry to continue to grow and thrive," writes CEO & Managing Partner Katie Rae for Cipher's weekly newsletter.

People

• Katie Rae

CEO & Managing Partner Katie Rae was recently a guest on the UnseenUpside podcast by Cambridge Associates. They discussed how fusion power is quickly on its way to meeting the world's need for limitless clean energy, and explored the technologies, investments, and decisions still necessary to get there.

People

• Katie Rae