☰
The government of the United Kingdom has reportedly announced to grant USD 64.5 million (£54 million) to 15 projects that are developing novel technologies to eliminate carbon emissions from the atmosphere.
The funds will help these initiatives in developing technologies to remove greenhouse gases. This includes a machine that sucks CO2 out of the air, a system to eliminate carbon dioxide from seawater, and a plant to obtain hydrogen from household waste to use in the transport sector.
The funding is a part of the second phase of the competition, Direct Air Capture and Greenhouse Gas Removal Technologies, which is worth USD 72 million (£60 million).
Energy and Climate Change Minister Greg Hands commented that the USD 64.5 million investment from the government will help in establishing a greenhouse gas removal sector in the country, which could contribute billions to its economy, bring private investment, and create new green job opportunities.
In the first phase, 23 winners were awarded a share of USD 6.7 million (£5.6 million). Out of the 23, 15 progressed to the next phase and will share the USD 65 million grant throughout the journey, from the demonstration phase to the successful commercialization.
Following are the fifteen projects and the companies undertaking those projects
Source credits: https://www.greencarcongress.com/2022/07/20220710-uk.html
Having always been daft at wordplay, Nikita Chaurasia, post the completion of post-graduation, commenced her journey into the content generation cosmos. Endowed with a professional MBA degree in Advertising and Public Relations, Nikita strives to integrate her creativ...
McKinsey and Co. a consulting giant entity has decided to start cutting jobs in one of the biggest rounds of layoffs for the company. This is likely to eliminate the jobs of about 2000 employees from work. The layoffs will be focused on support st...
PayPal, the U.S.-based fintech giant, has reportedly announced that it will cut nearly 2000 jobs, approximately 7% of its workforce, as it turns the latest prominent tech company to shed staff in a bid to cut costs. The online payments provider cl...
British multinational low-cost airline group, EasyJet, has reported a record surge in bookings for the month of January as people prioritized their travel plans for the coming year. The news comes as airlines world over start to show signs that they&...
© 2023 ReportsGO.com. All Rights Reserved.