Venture capitalist Sam Altman and Andreessen Horowitz are investing $20 million in Exowatt, a company developing solar-powered modules that can store energy for up to 24 hours. The move underscores the growing need for low-carbon energy sources to support the surge in AI data centers and the electrification of the economy.
The third TERA-Award Smart Energy Innovation Competition, hosted by Towngas, announced its winners. The Gold Award went to a Chinese team for their advanced alkaline hydrogen-producing equipment. The Silver Award was won by an Israeli team for their hydrogen storage at near-ambient conditions. A Chinese team received the Bronze Award for their versatile heat/cold energy storage material. The TERA-Award received 450 zero-carbon projects from 59 countries and regions worldwide, reflecting a 60% increase compared to the previous year.
