HR tech startup Orka raises €33.5 million to double headcount and fuel growth of its solutions for shift workers

Today Orka, a startup providing tech solutions for shift workers has landed €33.5 million, having landed around €36.4 million in total since its founding in 2016. The fundraise was a mixture of debt financing from Sonovate and equity funding, involving the British Business Bank Future Fund and existing investors, including former UK CEO of Adecco…

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The post HR tech startup Orka raises €33.5 million to double headcount and fuel growth of its solutions for shift workers first appeared on EU-Startups.

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[NeuReality in Jerusalem Post] Israeli start-up focusing on AI-based solutions secures $8m. in seed

“Our mission is to deliver AI users best in class system performance while significantly reducing cost and power,” said Founder and CEO of NeuReality Moshe Tanach.

Read more here.

The post [NeuReality in Jerusalem Post] Israeli start-up focusing on AI-based solutions secures $ 8m. in seed appeared first on OurCrowd Blog.

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Renewable Energy Leader Iberdrola Seeks Innovative Solutions That Help Decarbonize The Industrial Sector

The fight against climate change is one of the biggest challenges humanity must face in the 21st century and we all need to be involved in the process of moving toward a decarbonized economy that is based on renewable energy.

The minimum target of 32% renewable energy by 2030, set by the European Parliament and the Council in the Renewables Directive, is achievable. However, it will only be possible in an economic scenario with high levels of decarbonization and electrification of the economy, as well as by using decarbonized fuels in regions that are difficult to electrify.

For this, Iberdrola, through its VC PERSEO and in collaboration with the European Council’s Energy4Planet initiative, launches the Industrial Heat Challenge. The Challenge is looking for new innovative solutions that allow to automate the design and drive the integration of energy efficiency and clean technologies. Iberdrola believes these innovations will decarbonize industrial processes, where supplying emission-free heat is the biggest challenge.

Solutions to Reduce Industrial CO2 Emissions & Increase Energy Efficiency

The Iberdrola group has always been 20 years ahead of the current energy transition. Today, the group boasts an unprecedented 75-billion-euro investment plan up until 2025 to maintain its position at the forefront of the energy revolution. Iberdrola helps the world’s leading economies by consolidating its business model based on more renewable energy, more grids, more storage, and more smart solutions for customers.

Transforming the electricity energy supply is fundamental to decarbonization. Through renewable energy, emerging companies create sustainable and efficient energy frameworks. However, the high reliance on fossil fuels in sectors including power, transportation, construction, and industry make them hard-to-abate sectors.

Iberdrola is looking to help these industries on their energy transition journey. By supporting and investing in ad-hoc solutions for factories that boost energy efficiency while also reducing carbon dioxide (CO2) emissions, Iberdrola helps emissions-heavy industries make a feasible transition toward decarbonization and energy efficiency.

For example, industrial heat benefits from greater use of electricity for the low and medium temperature processes, through the application of heat pumps, in combination with energy efficiency measures. On the other hand, high-temperature processes aim at electrification combined with fuel-switching to diminish associated emissions.

Are you ready to join the Challenge?

Iberdrola’s new challenge seeks competitive and innovative solutions that allow them to automate the design and integration of energy efficiency improvements to boost decarbonization efforts of industrial processes. Some examples of the desired solutions include:

  • Automation of project design for decarbonization of industrial processes using software tools
  • Hybridization of clean technologies, for example:
    • Heat pumps
    • Electric furnaces
    • Energy efficiency measures
    • Green hydrogen
    • Self-consumption by distributed renewable energy
  • Energy Consumption & Savings Simulations
  • Project finance calculations based on project CAPEX and OPEX inputs:
    • Investment Rate of Return (IRR)
    • Net Present Value (NPV)
    • Payback Periods (PB)

In addition, Iberdrola is looking for solutions that are:

  • Scalable
  • Replicable
  • Easy to implement
  • Can be integrated into industrial plants for ad-hoc results

What Your Business Gets out of the Challenge

The selected project will be developed in collaboration with the technical specialists from the Iberdrola Industrial Heating and Cooling team.

The prize will consist of signing a collaboration and test agreement with Iberdrola, who will assume the costs and provide the winner with the necessary technical support, giving access to infrastructures and real data to test the solution.

If the PoC is satisfactory, Iberdrola may offer the winner the opportunity to scale up their solution by means of commercial agreements. In addition, PERSEO may consider investing in your solution.

How to join the Industrial Heat Challenge

  • 10.02.2021 – Public Launch of the Iberdrola Industrial Heat Challenge
  • 07.03.2021 – Application Deadline
  • March – April 2021 – Evaluation of all proposals

Don’t miss out on the unique opportunity to collaborate with a global renewables leader & apply for the Iberdrola Industrial Heat Challenge today!

 

 

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