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WalMart's Solar Energy Push, The New Stablecoin, and Hydrogen Fuel Cells
Uncovering the world’s most exciting early stage companies. Discover what’s next.
A New Type of Stablecoin Is Here
Ethena’s governance token (ENA) officially launched on multiple centralized crypto exchanges this week, quickly reaching a billion dollar market capitalization. The highly anticipated new project is aiming to disrupt the paradigm of stablecoins with their synthetic strategy, which means they are not relying on direct fiat currency or asset backing in order to underpin its value.
The World’s Largest Retailer Wants In On Solar Energy
Walmart (NYSE:WMT) has announced a new partnership with Pivot Energy to fund the development of 19 new solar energy projects in the United States. The move furthers Walmart’s mission to decarbonize, which they first formally announced through their Project Gigaton - their program for reducing one gigaton of carbon emissions from their operations.
The Record-Setting Hydrogen Fuel Cell Engine Purchase
Ballard Power (NASDAQ:BLDP) has announced a new purchase agreement with European bus manufacturer Solaris to supply them with 1,000 hydrogen fuel cell engines, the single largest purchase in the company’s history.
The Sprint
Hevolution Foundation led a $50 million Series A financing round for longevity biotechnology company Aeovian Pharmaceuticals.
a16z is deploying $30 million from their inaugural gaming fund into new startups participating in their gaming focused accelerator known as Speedrun.
Hydro Quebec is exploring new ways quantum computing can help solve problems related to the energy transition.
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