Select your language: EN JP

Lux Take on News: Weekly Round-Up December 24, 2021

Lux Research
December 24, 2021

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. 

Future Meat Technologies raises $347 million Series B to open a cell-based meat facility in the U.S.

hariniHarini Venkataraman, Ph.D., Analyst, Lux Research

Harini Venkataraman, Ph.D., Analyst
Lux Take: Very Important

 

"Co-led by ADM Ventures, with several other prominent investors, Future Meat Technologies raised the largest funding round ever in the cell-based meat space. This cash infusion will help Future Meat open a commercial-scale production facility in the U.S. The company also claims to have brought down the cost of production of cell-based chicken breasts to $7.70 per pound, a major development in terms of approaching cost parity. Future Meat is well on its way to becoming one of the leading startups in the cell-based meat space alongside Upside Foods, Eat Just, and Mosa Meat. Key players should monitor any updates on the regulatory front, given the company’s ambitious plan to commercialize cell-based meat by the end of 2022 in the U.S.

Zara debuts world's first dress partially made from recycled carbon emissions thanks to LanzaTech's CCU technology

Tiffany Hua, Senior Research Associate, Lux Research

Tiffany Hua, Senior Research Associate
Lux Take: Very Important

 

"Despite LanzaTech's partnership with Lululemon to develop "recycled carbon" polyester products, Zara and parent company Inditex beat Lululemon to the punch, officially labeling the apparel giant the first to commercialize a polyester product partially derived from industrial carbon emissions. Surprisingly, Zara's "recycled carbon" dresses are reasonably priced at USD 69 without an accompanying "sustainability premium." Still, the biggest barrier is consumer awareness and education, as consumers are not familiar with products derived from carbon capture utilization (CCU) technologies. LanzaTech is making big steps to publicize CCU technologies in consumer packaged goods but additional awareness and marketing are still needed.

Oracle will buy Cerner in its biggest acquisition yet, at $28.3 billion, in a move that underscores its push into healthcare

Nardev Ramanathan, Ph.D., Senior Analyst, Lux Research

Nardev Ramanathan, Ph.D., Senior Analyst
Lux Take: Very Important

 

"Cerner is a major provider of electronic health record (EHR) and health information technology (HIT) services. It ranked second globally, only behind Epic, with 25% of EHR global market share. Oracle's acquisition of Cerner further underscores a growing trend we predicted two years back of major technology companies pushing deeper into the healthcare sector. EHR and HIT services are rapidly moving towards cloud computing, and with Microsoft inking a partnership with CVS Health just weeks ago, it is natural for Oracle to respond and position itself to capture this growing market. Companies with business interests in healthcare data management must move now and align with partners that focus on cloud-computing solutions."

Download the executive summary of the Lux Foresight 2022 report

Infarm's USD 200 million Series D funding confirms the Middle East as a hotspot for controlled environment agriculture

Laura Krishfield, Research Associate, Lux Research

Laura Krishfield, Research Associate
Lux Take: Very Important

 

"Led by the Qatar Investment Authority (QIA), Infarm's Series D funding follows a USD 100 million round in March 2020. Infarm has now raised over USD 600 million and will be expanding into the U.S., Canadian, Japanese, and European markets, as well into new markets in APAC and the Middle East. With QIA's support, Infarm will build a vertical farming facility in the Middle East that is planned to open in 2023. Regional factors such as energy costs, food demands, and R&D expenditures towards indoor agriculture are attracting participants like AerofarmsCrop OneGreenFactory Emirates, and N.Thing to the Middle East. With Infarm's inclusion, the Middle East is poised to be a global innovation hotspot for controlled environment agriculture."

Researchers at Princeton University and the University of Washington have developed a salt-grain-sized camera that can take near-HD images

Miraj Mainali, Senior Research Associate, Lux Research

Miraj Mainali, Senior Research Associate
Lux Take: Very Important

 

"University researchers have developed a compact camera 500,000 times smaller than incumbent cameras that can take full-color 720- × 720-pixel images. Such small-footprint cameras can be used in applications including medical imaging, inspection robots, and ubiquitous sensing. And while a traditional camera uses curved glass or plastic lenses to focus light rays, the new optical system relies on a technology called metasurface, which can be produced at scale, much like computer chips. Therefore, thousands of these cameras can be integrated into any surface, such as on the back of a smartphone (replacing the current three-camera design) to produce better-quality images. Interested companies should explore commercialization opportunities."

Lux Research - Newsletter Research

Bezos Earth Fund invests $5.5 million in BlocPower to track energy efficiency needs for more than 120 million buildings

Michael Sullivan, Analyst, Lux Research

Michael Sullivan, Analyst
Lux Take: Average Importance

 

"BlocPower, a financing and management firm for energy efficiency retrofits in buildings, will use a grant from Bezos Earth Fund for the Building Data Collective, a publicly available data set documenting the needs of buildings in disadvantaged areas. The data will help residents better understand their building's energy efficiency requirements and provide a source for government and utility initiatives to target building energy programs more accurately; it will also help BlocPower expand its operations, which include funding solar and heat pump installations in 26 U.S. cities. Utilities should take advantage of the data, once available, to improve ROI on initiatives with local stakeholders by saving assessment costs for built environments."

Stem acquires AlsoEnergy, adding solar asset management software to its portfolio

Jessica Hernandez, Analyst, Lux Research

Jessica Hernandez, Analyst
Lux Take: Average Importance

 

"Based on the terms of its acquisition agreement with AlsoEnergy, Stem will purchase all AlsoEnergy's outstanding shares for USD 695 million and, once the transaction is finalized in Q1 2022, will combine its energy storage optimization software with AlsoEnergy's "solar asset performance monitoring and control software." This move puts Stem a step ahead of its competition to tackle new solar-plus-storage potential projects with its combined energy management and service capabilities. In the near term, the deal also opens the door to an existing 32.5 GW solar portfolio in over 50 countries, enabling Stem to potentially add storage to most of these projects and venture outside of its U.S.-based market."

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

Innovating Under Uncertainty: Introducing Agile into the Stage-Gate Process Whitepaper

Innovating Under Uncertainty: Introducing Agile into the Stage-Gate Process Whitepaper

Read More
Improving the Front-End of Innovation Whitepaper

Improving the Front-End of Innovation Whitepaper

Read More
Press Release: Lux Research Ranks the Critical Technologies for Surviving COVID-19

Press Release: Lux Research Ranks the Critical Technologies for Surviving COVID-19

Read More
More Lux News
Schedule Your Demo