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.
Mighty Buildings raises total of $62 million to further develop its construction 3D printing technology
"There are several construction 3D printing companies in the market now, and majority of them have signed deals, raised funding, and announced development partnerships. Despite the high momentum, there is little fundamental technology development news. This recent announcement from Mighty Buildings is similar: The company has raised funding for technology development and market expansion, and it plans to build multistory houses in the near term. We expect to see Mighty Buildings (and others in the field) realize small 3D-printed projects, but it won't be disruptive until it develops a system that simplifies material production and delivery for larger-scale construction projects."
3D printing company Inkbit raises $30 million Series B
"This project was a collaboration between the Polish and Japanese governments and was operational since 2020. Other partners involved in the project included Hitachi, Showa Denko Materials, and various energy utilities based in Poland. Ultimately, the project focused on a 24 MW wind energy farm located in northern Poland and evaluated optimal methods to integrate variable wind power into the grid, including installing energy storage and developing protocols to ensure that transmission lines are not overloaded and remain resilient in the event of accidents affecting the grid. This project signals growing interest in renewable power integration, which will become increasingly relevant as more economies subscribe to carbon neutrality."