Summer 2025: Sublime Systems Secures Landmark Clean Cement Deal with Microsoft & More
See the latest highlights from Prime's portfolio companies, color coded by portfolio across Trellis Climate, Azolla Fund I, Prime Impact Fund I, and our syndication phase. To find out more about our entire portfolio, visit our investments page.
Aikido Technologies, which has developed a platform for floating offshore wind turbines that could transform the industry's economics, signed an agreement with the Marine Energy Test Centre (METCentre) in Norway to deploy AO60, a 15MW full-scale floating wind demonstrator. The announcement was featured in CleanTechnica, Wind Power Monthly, Offshore Engineer Magazine, OffshoreWIND.biz, and Recharge News,
Avalanche Energy, a fusion energy startup developing modular compact fusion machines, announced the launch of FusionWERX, a new testing facility located in Richland, Washington. This first-of-its-kind facility is designed for advanced fusion technologies and aims to accelerate the development of commercial fusion power, as covered by Axios, GeekWire, PR News, and Tricities Business News.
BioLumic, a company that programs plant genetic expression using light, closed an oversubscribed $8.3MM Series B extension to accelerate the rollout of its xTraits platform—the world’s first light-activated, non-GMO seed traits, covered by CropLife. The company was also recently featured in Business Desk NZ, Farmers Weekly, Seed World, and UkrAgroConsult.
Charm Industrial, a carbon removal company using bio-oil for long-term CO₂ storage, signed a new agreement with technology firm Capgemini to remove 16,500 tonnes of carbon dioxide, as covered by CarbonHerald. Charm was also recently featured in World Bio Market Insights.
Funga, which enhances tree root microbiomes to accelerate growth and carbon storage in forests, launched its first hardwood restoration trial in the U.S., as featured in The Allegheny Front.
Lilac Solutions, scaling up lithium supply for the electric era, launched its first European field pilot in Germany, using clean, water-efficient technology to transform brine from Neptune Energy’s gas wells into battery-grade lithium.
Rain, the company developing autonomous aircraft for rapid wildfire response, was featured in Forward Pathway and in Cisco among emerging technologies driving climate adaptation and resilience. ABC7, Lockheed Marti, and PG&E reported on Rain’s recent demonstration of autonomous wildfire suppression techniques.
Scalvy, modularizing electric vehicle drivetrains to bring higher-performing, lower-cost, and more reliable EVs to market faster, was cited by Matthew Nordan in Business Insider as an example of a startup helping meet the growing energy needs of data centers. Nordan also mentioned Prime Impact Fund I company Zanskar, which applies AI to geothermal discovery
SiTration, which uses novel membranes to recycle lithium-ion batteries at low cost and power other industrial separations, opened a new pilot and R&D facility in Watertown, MA. SiTration was also named a winner of the UpLink–World Economic Forum’s Sustainable Mining: Mining the Unmined Challenge, as shared by Activate.
Low-carbon cement company Sublime Systems secured the largest advance purchase agreement for clean cement in history from Microsoft. The deal commits Microsoft to buy up to 622,500 tons of cement produced by Sublime’s first two factories over the next six to nine years
Twelve, a carbon transformation company turning CO₂ into essential products using electrochemistry, received an investment from United Airlines Ventures’ Sustainable Flight Fund—its first backing of a sustainable aviation fuel (SAF) company. The news was covered by CarbonCredits, ESG News, ESG Today, Gadget, GreenAir News, Travel and Tour World, Travel Radar, Renewables Now, Stock Titan, and West Orlando News. Twelve also announced a 10-year partnership focused on commercializing low-carbon asphalt technology with Verde Resources, as Carbon Herald and Nasdaq reported.
Zanskar is building a predictive platform that utilizes extensive data to discover previously unknown geothermal resources worldwide. Latitude Media wrote about Zanskar’s use of AI to streamline the process for geothermal, and in a recent episode of Latitude Media's Catalyst podcast, Zanskar's CEO, Carl Hoiland, discussed how geothermal projects get built—and why now is the sector’s moment.
