Energy

BP Ventures, Drax and IP Group have all returned to back a $11.3m round for the smoke capturing technology provider.

Proman led a series B round for the energy storage system developer that also featured existing corporate investor Alfa Laval.

Having abandoned plans for an IPO three years ago, ReNew Power has now settled on a reverse merger and will secure proceeds worth $1.2bn.

The Intel, Qualcomm and Cypress Semiconductor-backed battery technology developer will be listed on the Nasdaq Capital Market.

John Cockerill and Air Liquide-backed Xylowatt has declared bankruptcy after failing to build a market for its biomass energy technology.

Spacecraft manufacturer SpaceX reached a $74bn valuation, a more than sixfold increase on the $12bn it fetched when Google led a $1bn round in 2015.

Each Friday the Global Corporate Venturing Deal Net rounds up the week’s smaller deals and tracks the emerging companies accessing corporate funds.

GV (formerly known as Google Ventures) and real estate developer Lennar Corporation joined the B round.

Investments from BP and Chevron will support the thermal energy technology developer’s goal of supplying 10 million homes’ worth of power by the end of the decade.

Q&A with Itamar Sivan, the co-founder of Israel-based quantum computer orchestration technology developer Quantum Machines.

Nature’s laws of physics are difficult to replicate through an arrangement of binary computer switches, no matter how many of the switches we have access to.