Every day our researchers read through the top innovation headlines and provide their expert opinions on important developments and industry news. Our analysts then evaluate news based on potential importance ranking the developments from Truly Disruptive to Ignore.
On Fridays we highlight our Lux Take on the top news for the week. Check out our thoughts on the latest emerging technology and innovation news for the week of March 29th below.
Keurig Dr Pepper introduces bottles made from 100% recycled plastic
"After a strong financial year and several investments into recycling initiatives, Keurig Dr Pepper (KDP) has decided to transition its Snapple brand away from glass bottles toward 100% post-consumer recycled (PCR) plastic. Plastic Snapple bottles are now available across the U.S. West Coast and will continue to roll out in phases across the country throughout the year. By transitioning to recycled plastic in its Snapple bottles, KDP will increase the total percentage of PCR across all its brands from 20% to 24%, moving the company closer to achieving its goal of 30% PCR packaging across its portfolio by 2025."
Diabetes platform Glooko raises $30 million, looks to branch into additional therapy areas
Anshul Gupte, Research Associate
Lux Take: Average Importance
"The round was led by Health Catalyst Capital, with previous investors like Novo Nordisk, Insulet, and Mayo Clinic also participating. Glooko has had success in recent years with its diabetes monitoring platform, which connects therapy devices to healthcare providers. The company plans on using the funds to broaden its existing diabetes initiative and, notably, explore additional chronic disease care. While it has not released specifics, Glooko's integrated patient platform can extend into areas like cardiovascular disease or cancer treatment monitoring, given the right technology partnerships. Those interested in chronic disease management should monitor Glooko and view it as a potential partner for digital diabetes monitoring."
LO3 Energy raises $11 million in a Series B round led by Shell Ventures
"Shikoku Electric Power also participated in the round, joining existing investors Braemar Energy Ventures, Sumitomo Corporation, and Centrica. This new round brings LO3's total amount of funding to more than $17 million. LO3 plans to use the newly raised cash to expand the capabilities of its Pando software platform for distributed energy resource (DER) marketplaces, which the company has been trialing in various geographies, including the U.S., Europe, and Japan. While regulations still need to evolve to unlock the full potential of DERs, LO3 is well-positioned to take advantage once this happens; the company has been able to work around regulatory constraints to showcase the potential of its technology in various geographies."
U.S. DOE funds four projects to develop co-gasification technologies for hydrogen production
Jinze Dai, Analyst
Lux Take: Average Importance
"The four R&D projects awarded $2 million by the DOE will demonstrate the co-gasification of biomass, waste plastics, and coal in fluidized-bed, moving-bed, and entrained-flow reactors. The use of biomass and waste plastics can reduce the CO2 emission of the hydrogen production process and help resolve the issue of waste plastic disposal simultaneously. The logistics and pre-processing of biomass and waste plastics into a feedable form are challenging, but the high scalability and various configurations of gasifiers may accommodate the heterogeneity of feedstock. Those interested should monitor the development of co-gasification technology and explore alternative sources of low-carbon and affordable hydrogen."
Google's new Nest Hub can measure users' sleep and provide personalized improvement suggestions
"The new Nest Hub can measure users' sleep movements, breathing, disturbances (like coughing and snoring), ambient lighting, and temperature and provide personalized suggestions for improving sleep, such as adjusting bedtime schedules. While the extent to which the product can improve sleep remains to be seen, clients interested in personal health and wellness and smart home should pay attention. This product aligns with the overall shift in healthcare toward wellness (rather than just treating disease) by using digital biomarkers and smart home devices. By avoiding the use of wearables or cameras, this product focuses on comfort and privacy for users and so may better serve the sleep management segment."