Terabase has raised $44m in its latest funding round for its digital platform that manages the full project lifecycle of utility-scale solar, helping reduce cost and increase the scalability of plants

The investments from Breakthrough Energy Ventures and Energy Impact Partners will enable the company to deploy its technology to slash industrial emissions

The MIT spin-off claims its technology has the potential to capture carbon from any industrial source or the air, cutting energy use by up to 70%

It will use the funding to accelerate its research and development programme and build its first pilot plant

The company, founded by a team of energy transition veterans from Tesla and First Solar, is developing large-scale hydrogen solutions to help ease global dependence on fossil fuels