Rancho Cordova-based Clean Energy Systems raises $15 million

Rancho Cordova-based Clean Energy Systems has raised $15 million to develop a carbon-negative power plant in Mendota. The funding was led by Carbon Direct Capital Management LLC of New York. “Our vision is to scale our carbon removal technology to gigaton scale. In the state of California, our projects mitigate pile-burning of agricultural waste and […]

Shareholders OK Denver oil company’s $17B merger that will move HQ to Houston

Shareholders of Denver-based Cimarex Energy Co. voted overwhelmingly Wednesday in favor of the oil and gas company’s $17 billion merger with a Houston company, setting the stage for the deal’s closure and the loss of a local headquarters. Owners of just over 81 million shares of Cimarex stock (NYSE: XEC) voted to approve the deal […]

Inno Under 25: Mariano Segura, Electerro

Mariano Segura Age: 21 Education: Mechanical engineering major, OIT Company: Electerro What the company does: A renewable energy engineering innovation company that designs new clean energy technologies that are environmentally considerate Founded: 2020 Accelerators, incubators or competitions: Winner, InventOR, 2020; Placed, OIT’s Catalyze Klamath Outside funding: Competition winnings, R&D assistance from OIT’s Research Budget Commission […]

Inno Under 25: Evangeline Muyano, rePLA

Evangeline Muyano Age: 21 Education: Graduate, Shiley School of Engineering, University of Portland Company: rePLA, pronounced replay What the company does: Developed an algae-based biodegradable plastic to be used for rapid prototyping with 3D-printing. Now exploring using the bioplastic for a more generalized use Founded: 2021, with Melissa Tran Accelerators, incubators or competitions: Visionary award, […]

Inno Under 25: Karelly Ramirez Gonzalez, GENER8

Karelly Ramirez Gonzalez Age: 25 Education: Senior at PSU Company: GENER8 What the company does: Created an alternative to fossil fuels via a fuel cell system that uses ethanol Founded: 2019 Accelerators, incubators or competitions: Past participant in the PSU Business Accelerator and Center for Entrepreneurship. Winner, CleanTech Challenge; Finalist, InventOR Outside funding: Assistance with […]

Inno Under 25: Aaron West, Power Plant

Aaron West Age: 22 Education: Working toward Bachelor of Science in Mechanical Engineering along with a minor in Applied Mathematics, OIT Company: Power Plant What the company does: the goal is to harness agricultural waste to produce renewable electricity at a commercial scale. Founded: 2020 Accelerators, incubators or competitions: Second place for Power Plant’s Project […]