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Orbital Composites and Virtus Solis team up for space-based solar power mission

Orbital Composites and Virtus Solis team up for space-based solar power mission

Advanced manufacturing startup Orbital Composites is teaming up with Virtus Solis Technologies to conduct a space-based solar power demonstration as soon as 2027. The two companies say the mission will be a precursor to an in-space “megawatt-class” solar power installation by 2030, which could mark “a new chapter in renewable energy.” Space-based solar power (SBSP) is…

Tesla sued for allegedly mishandling hazardous waste in California for years

Tesla sued for allegedly mishandling hazardous waste in California for years

Tesla has been sued by 25 California counties alleging the automaker has repeatedly mishandled hazardous waste at facilities throughout the state. The lawsuit was filed after months of settlement talks apparently fell apart. The complaint, filed in San Joaquin County Superior Court, states that Tesla improperly labeled and disposed of materials like “lead acid batteries…

Amid a fairly flat European market, Giant Ventures raises $250M to invest transatlantically

Amid a fairly flat European market, Giant Ventures raises $250M to invest transatlantically

Giant Ventures, a U.K.-based VC that has made a habit of investing on both sides of the Atlantic, is launching two new funds, totaling $250 million. Its previous fund totaled $100 million. The firm invests across climate, health and what it calls “purpose-driven” startups and some used to call “impact” or “mission-driven.” Whatever the case,…