INVESTING IN AMERICA: Number of Publicly Available Electric Vehicle Chargers Has Doubled Since Start of Biden-Harris Administration
Now, Biden-Harris Administration Awarding $521 Million in Grants to Continue Building Out National Electric Vehicle Charging Network WASHINGTON D.C. – The Biden-Harris Administration today announced $521 million in grants to continue building out electric vehicle (EV) charging and alternative-fueling infrastructure across 29 states, eight Federally Recognized Tribes, and the District of Columbia, including the deployment of more than 9,200 EV charging ports. This new EV infrastructure wil...
Planera Secures $13.5 Million to Disrupt Construction Scheduling & Planning Market
Sierra Ventures leads round with participation from leading construction investors Brick and Mortar Ventures and Prudence VC San Jose, CA – Planera, a construction CPM scheduling and planning solution, today announced that it has raised $13.5 million in a Series A funding round led by Sierra Ventures, with participation from Sorenson Capital, Brick and Mortar Ventures, Prudence VC and Firebolt Ventures. The funding will enable Planera to accelerate the development and deployment of its i...
Fortera Secures $85M to Accelerate the Global Deployment of Low-Carbon Cement Production
The Series C investment will enable the deployment of Fortera’s cost-effective ReCarb® technology, which integrates with existing cement production facilities and leverages current feedstocks and infrastructure to decarbonize cement at scale. Fortera’s innovative process captures CO2 emissions directly from production and converts it to ready-to-use low-carbon cement—a permanent, measurable, and cost-effective carbon mitigation solution for a hard-to-abate sector. Full-scale ReCarb plants...
Trunk Tools Raises $20M Series A Led By Redpoint Ventures to Expand Suite of AI Agents for Construction
New York, NY – August 20, 2024 – Trunk Tools, a groundbreaking AI platform disrupting the $13 trillion construction industry, announces a $20 million Series A. The new capital was led by Redpoint Ventures with participation from Innovation Endeavors, who led the Seed round, bringing the total capital raised to-date to $30M. Trunk Tools leverages the latest in AI technology to build the “brain” behind construction. By structuring millions of pieces of unstructured project data and deploying AI...
ITpipes Secures $20 Million to Transform Water Infrastructure Management with AI and Cloud Solutions, Ensuring Safer, Healthier Communities
Trilogy Search Partners and Miramar Equity Partners invest in ITpipes to accelerate innovation in pipeline maintenance for more reliable water systems SEATTLE – ITpipes, the established leader in pipeline inspection software, today announced it has secured $20 million in equity financing from Trilogy Search Partners and Miramar Equity Partners. Known for its trusted and user-friendly platform, ITpipes streamlines infrastructure management, making sewer and storm system compliance and oversig...
INVESTING IN AMERICA: Biden-Harris Administration Announces $26.5 Million in Grant Awards for Planning Projects to Restore and Replace Bridges Nationwide
Funding from the Bipartisan Infrastructure Law will create a pipeline of construction-ready bridge projects across the nation. WASHINGTON – Today, the U.S. Department of Transportation announced more than $26.5 million in planning grants through the Federal Highway Administration’s (FHWA) competitive Bridge Investment Program, created by President Biden’s Bipartisan Infrastructure Law. These planning grants, which will fund 28 projects in 18 states, will be used to create a pipeline of future...
Shapiro Administration Secures $500 Million for Interstate 83 John Harris Memorial (South) Bridge, Largest Federal Transportation Grant Ever Received in Pennsylvania
The Governor and PennDOT Secretary Carroll have advocated for this federal funding for the last year and a half – and this investment from the Biden Administration to replace the South Bridge is the largest grant in state history for a transportation project. The South Bridge carries more than 125,000 vehicles every day – serving as a critical corridor that drives commerce and connect Pennsylvanians to their medical appointments, jobs, and grocery stores. Harrisburg, PA – Today, Governor Jos...
EPA Grant Supports Further Development of Steel Industry EPDs
CHICAGO - The American Institute of Steel Construction (AISC), in partnership with the University of Massachusetts Amherst and the American Iron and Steel Institute (AISI), has been selected to receive a $6.4 million grant to help automate the development of steel product environmental product declarations (EPDs). The grant is part of a nearly $160 million U.S. Environmental Protection Agency program to reduce climate pollution from the manufacturing of construction materials and products. “...
INVESTING IN AMERICA: Biden-Harris Administration Announces $5 Billion to Restore, Reconstruct, and Repair Nationally Significant Large Bridges Across the Country
Thirteen major bridges to receive funding through President Biden’s Bipartisan Infrastructure Law, improving the safety and efficiency of critical supply chain corridors, creating good-paying jobs, and supporting the national economy WASHINGTON – Today, to kick off the Biden-Harris Administration’s Investing in America tour, U.S. Transportation Secretary Pete Buttigieg announced more than $5 billion in Large Bridge Project awards through the Federal Highway Administration’s (FHWA) compet...
New report finds investing in resilience saves jobs and income
$1 spent on climate resilience = $13 in economic savings, damages, and cleanup costs Washington, D.C. — Every $1 spent on climate resilience and preparedness saves communities $13 in damages, cleanup costs and economic impact, according to a new economic study by Allstate, the U.S. Chamber of Commerce and the U.S. Chamber of Commerce Foundation. The study, “The Preparedness Payoff,” models 25 disaster scenarios ranging in damage and cleanup costs from $1 billion to $130 billion in communit...