Energy

JNC connects Nanograf to $4.5m
Chemicals firm JNC has injected $4.5m into Northwestern battery spinout SiNode Systems, which has rebranded to Nanograf Technologies as a result.
Sunamp heats up with $2.8m
University of Edinburgh’s Old College Capital has returned to back energy storage developer Sunamp to take the company’s total to $8.8m.
CAS joins Guangzhou Finance for $144m fund
Research from Chinese Academy of Sciences will benefit from a vehicle backed by the government of Guangzhou in areas including intelligent manufacturing and energy efficiency.
Pure Battery stores $1.3m
Queensland spinout Pure Battery Technologies will use the cash to design and build production plants for its acid-leaching-based battery material manufacturing process.
Hydrogen Energy Fund to yield $100m
Yield Capital, established by a Tsinghua University institute, has partnered Hyundai Motor to raise a total of $100m for a hydrogen-focused fund.
The challenge of battery tech investment
A range of new materials and technologies could yield vastly improved batteries for purposes including electric vehicles and grid storage. 
Canada puts $25m into Toronto’s Creative Destruction
Canada’s Strategic Innovation Fund will provide $19.2m for accelerator Creative Destruction Lab over four years with the aim of supporting more than 1,300 science-focused companies.
Waterloo slams Salient Energy with lawsuit
University of Waterloo is suing its grid battery manufacturing spinout Salient Energy, which it claims must sign back IP rights due to a misapplication of its tech transfer policy.

Other News

Aceleron recharges with $195,000
Advanced battery developer Aceleron, which operates from Birmingham and Brunel universities, has been backed by the Midlands Engine Investment Fund.
Epishine powers up $1.3m
Linköping solar cell manufacturing spinout Epishine has received money from backers including LiU Holding arm after previously securing backing from Chalmers Ventures.
OUI targets social enterprises
Oxford University Innovation expects to form 10 spinouts each year from an initiative for impact-led businesses.
AutoGrid charges $32m series D
AutoGrid, the distributed energy management platform backed by Stanford, will use the capital from the Eon, CLP, Innogy, Total, Ørsted and Tenaska-backed round to boost hiring.
Cambridge scientists devote capital to $129m fund
Eight researchers from Cambridge have raised a $129m patient capital fund that has attracted limited partners including Aviva.

Editor's Picks

Big deal: QuantumScape fuels up on VW cash
VW will invest $100m in QuantumScape and form a joint venture with the Stanford spinout to develop batteries for long-range electric vehicles.
Big deal: MIT revs $150m Engine
Massachusetts Institute of Technology has unveiled an incubator that will provide funding, space and expertise to boost commercialisation activities on and off-campus.
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