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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
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The investments from Breakthrough Energy Ventures and Energy Impact Partners will enable the company to deploy its technology to slash industrial emissions
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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%
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It will use the funding to accelerate its research and development programme and build its first pilot plant
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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
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