Select your language: EN JP

Lux Take on News: Weekly Round-Up April 29, 2022

Lux Research
April 29, 2022

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 past week below. 

Anuvia Plant Nutrient closes USD 65.5 Million Series D funding round to scale U.S. production of SymTRX

Deepesh Bista, Agriculture Analyst, Lux Research

Deepesh Bista, Ph.D., Analyst
Lux Take: Very Important

 

"Anuvia will use this financing round to increase production and expand the commercialization of its biobased fertilizers for large-scale agriculture. Anuvia’s technology, Organic MaTRX, binds electrostatically charged organic particles made from reclaimed organic waste, which includes 16% organic material, to produce a slow-release granular fertilizer. The company claims its approach reduces emissions by one-third and doesn’t require coatings. In addition, the process can alter the composition of the granules. This is important as fertilizer prices increase, and the need for precision products grows. Based on these data, clients should not be surprised at Anuvia's success and look to partner, as USDA recently announced a grant to support fertilizer production."

Blockchain and your organic fruit: Will customers bite into the next trend in traceability?

Ethan Beswick, Analyst, Lux Research

Ethan Beswick, Analyst
Lux Take: Very Important

 

"Carrefour, no stranger to blockchain technology, is debuting blockchain-validated QR codes for part of its Carrefour Bio line of products so consumers can learn more about the traceability of the products in their shopping carts. With the growth of supply chains and the evolution of global traceability requirements, fighting fraud via digital means like blockchain has continued to creep further into everyday life. Blockchains, whether public or private, serve as immutable distributed ledgers secured cryptographically with the help of IBM and SAP, among others. Customers interested in food traceability tools can engage but remain skeptical regarding the cost, safeguards, and delineation of value between consumers and retailers."

Agility Robotics secures USD 150 million in Series B funding one day after being included in Amazon Innovation Fund kickoff

Brian OShea, Research Associate, Lux Research

Brian O'Shea, Research Associate
Lux Take: Very Important

 

"Agility Robotics is on a roll, receiving funding from DCVC and Playground Global as well as from Amazon's newly formed Innovation Fund. Agility develops a bipedal robot called Digit, which is designed to mimic the way a human would navigate in a warehouse. The company will use this funding to accelerate the rollout of its next generation of robots for a variety of warehouse applications. With the recent disruption in supply chains because of the COVID pandemic, interest in warehouse robotics has skyrocketed. Clients with their own supply chain issues, especially larger consumer packaged goods clients, should look to engage with Agility to alleviate some distribution pressures."

Download the executive summary of the Lux Foresight 2022 report

Brands join hands to grow regenerative agriculture

Tim Appachanda, Ph.D., Senior Analyst, Lux Research

Tim Appachanda, Ph.D., Senior Analyst
Lux Take: Very Important

 

"About 80% of the world's almonds are grown in California. The regional climate crisis of prolonged drought and forest fires has impacted this important food and agriculture supply chain. Three natural-product brands, Simple Mills, Daily Harvest, and Cappello's, joined hands with Treehouse California Almonds on a farmer-led partnership called The Almond Project. The project aims to reduce farmers' financial risk through regenerative agriculture practices and motivate more farmers and food companies to shift from conventional farming systems. Clients should wait and see the results of this collaboration and the role of technology innovations and communication with stakeholders in scaling regenerative agriculture from farms to landscapes."

Autonomous driving company Pony.ai receives taxi license in China

Anirudh Bhoopalam, Analyst, Lux Research

Anirudh Bhoopalam, Analyst
Lux Take: Average Importance

 

"To obtain its taxi permit, Pony.ai had to display 24 months of testing with at least one million testing miles, out of which at least 200,000 had to be in Guangzhou's test area, and with zero liability in active traffic incidents. The company can operate 100 autonomous vehicles as taxis in Nansha, Guangzhou, which is about 800 km2. The vehicles, with safety drivers, will operate from 8:30 to 22:30 and cost the same as standard Guangzhou taxi rides. Pony.ai also has a commercialization permit in Beijing and is targeting Shanghai and Shenzen next. While this represents progress, clients should note that the removal of safety drivers will likely take longer than anticipated and that widespread deployment of autonomous vehicles is still a long way off."

Essent strikes an agreement with Solinoor to produce green hydrogen

Karthik Subramanian

Karthik Subramanian, Research Associate
Lux Take: Average Importance

 

"The Dutch Utility firm will be collaborating with solar energy developer Solinoor to supply electricity for producing green hydrogen from a 5-MW electrolyzer. While data on the size of the solar park or the timeline on when it will begin supporting the grid were not provided, the project could include energy from wind and batteries for hydrogen production during periods of no sunlight and grid balancing, respectively. We have previously questioned whether hybrid systems will be able to work continuously, and while hydrogen is projected to play a crucial role in providing long-duration storage, sizing the system will be crucial to prevent periods of inactivity."

Lux Research - Newsletter Research

ADM expands plant protein production capacity with USD 300 million investment

Abby Terrio, Senior Research Associate, Lux Research

Abby Terrio, Senior Research Associate
Lux Take: Average Importance

 

"ADM announced plans to invest USD 300 million to expand its alternative protein production facility in Decatur, Illinois, specifically expanding its soy protein and extrusion capabilities. It is also set to build a protein innovation center and enhance its production capabilities in line with company climate goals. The project is set to finish in 2025. This announcement follows ADM's acquisition of Sojaprotein in 2021. These investments and acquisitions will increase ADM's protein production capacity by 30%. Investment in alternative proteins is rising; output must rise to meet demand. Shortages in commodities may accelerate progress in innovation and meeting sustainability goals as well. Expect significant manufacturing investments in 2022."

 

Did you miss the last news round-up? Check out the blog here. Make sure you never miss a headline by subscribing to our newsletter.

Climate Change Isn’t Coming, It's Already Here

Climate Change Isn’t Coming, It's Already Here

Read More
Supercharging the Circular Economy with Digital Technologies Whitepaper

Supercharging the Circular Economy with Digital Technologies Whitepaper

Read More
Press Release: Storms, Floods, Droughts, and Heat Will Disrupt Chemical Industry Production as Climate Change Impact Grows

Press Release: Storms, Floods, Droughts, and Heat Will Disrupt Chemical Industry Production as Climate Change Impact Grows

Read More
More Lux News
Schedule Your Demo