NEWS
Wall Street Journal: It’s Crunchtime for a New Generation of Climate Startups
The following article was originally published in the Wall Street Journal.
There is something more important going on in the Welsh city of Wrexham than two Hollywood stars making a feel-good TV show about a little-known soccer team.
At a swampy site just outside of town, Material Evolution is building a factory to make a low-carbon alternative to cement, a big contributor to global emissions. It is facing a tougher climb than the local soccer team’s highly publicized effort to get promoted.
Hundreds of young climate companies like Material Evolution are burning through cash and racing to turn new technologies into big businesses. The transition period is called the “valley of death” because so few startups survive it.
To read the full article, please visit the Wall Street Journal.