Sectors

Sector report: Oil & gas Q3 2021

While COP26 is about to start and the representatives of almost 200 countries prepare to gather in Glasgow for what has been described as “the world’s best last chance to get runaway climate change under control”, the energy industry is in the middle of a profound metamorphosis that could radically reshape global power production and transform our relationship with the planet’s natural resources.

Global Energy Council Q4 2021 editorial by James Mawson, editor in chief, Global Corporate Venturing

Ubicom Holdings Japan helped gynaecological imaging software developer Illumigyn take its total funding to $33m while Optum took part in a $30m round for health payment technology provider Medallion.

OSI portfolio company First Light Fusion’s co-founder and CEO, Nicholas Hawker, explained how his company’s nuclear fusion technology could contribute to net-zero targets.

GCV’s James Mawson interviewed Energy Transitions Commission chair Lord Adair Turner on the hydrogen space.

The business management software developer hiked its overall funding to $465m and its valuation to $2.4bn in a Citi Ventures-backed round.

The wearable glucose monitor developer’s nine-figure series B round included M Ventures, Hikma Ventures, Axa Investment Management, Ascencia, Hikm Taisho, Cirrus Logic and EOFlow.

Lord Gerry Grimstone, UK minister for investment, gave a keynote on the development of a fertile environment for the growth of decarbonisation technologies.

Alphabet returned to reinvest in the epigenetics diagnostics technology developer through a series D round that took its total funding to about $145m.

Mach49’s Paul Holland spoke with BlackRock Alternatives Investors’ Jim Barry on the latter’s firm’s climatetech strategy.