TNWflipped into Deep techNowHow hydrofoil boat startup Candela took a wild idea and made it flyverified_publisherTNW - Siôn GeschwindtIn 1906, inventor Enrico Forlanini launched the first hydrofoil boat on Lake Maggiore in the Italian alps. His contemporary innovator Alexander Bell later said a ride on Forlanini’s invention was “as smooth as flying.” Fast forward a little over a century to 2014, when Gustav Hasselskog quit his …
TNWflipped into TNW - All Stories14 hours agoThis little carbon-sucking machine could crack DAC’s big energy problemverified_publisherTNW - Siôn GeschwindtDirect air capture (DAC) features prominently in the climate plans of many world governments, and has drawn billions of dollars in private investment. And yet, as the costs of the technology remain prohibitively high, some doubt whether we can depend on it at all. Mission Zero Technologies, a …
TNWflipped into Sustainability3 days agoRiddled with debt, Sweden’s Embracer sells Star Wars game maker for $500Mverified_publisherTNW - Siôn GeschwindtSwedish gaming company Embracer Group has sold a big chunk of one of its biggest subsidiaries, US-headquartered Saber Interactive, in a deal totalling $500mn. The buyer is Beacon Interactive, a holding company recently formed by none other than Saber’s own co-founder Matthew Karch. In a letter …
TNWflipped into Sustainability3 days agoASML backs €110M Dutch deeptech fund for quantum, semiconductorsverified_publisherTNW - Linnea AhlgrenThe pride and joy of the Dutch tech ecosystem, ASML, has featured heavily in the news this past couple of weeks, after news broke the government was scrambling to keep the company in the country. However, ASML’s plans to potentially relocate due to difficulty securing talent and infrastructure …
TNWflipped into Deep tech3 days agoUK fusion startup trials plasma-stabilising laserverified_publisherTNW - Siôn GeschwindtBritish startup Tokamak Energy is testing a new type of laser that it says is “crucial” to stabilising fusion reactions — the same atom-fusing process that powers the Sun and promises to deliver virtually limitless, clean energy. The Oxford-based company is building ST40, a donut-shaped machine that …
TNWflipped into Deep tech4 days agoFrench MoD taps 5 startups to develop fault-tolerant quantum computerverified_publisherTNW - Linnea AhlgrenQuantum computers have an almost mythical status among data scientists and researchers. The dream of emerging out of the NISQ (noisy intermediate-scale quantum) era into a world of fault-tolerant qubits generating unbreakable encryption or solving climate change keeps many startups going despite …