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Efficient Computer raised $97 million in a Series B round led by TQ Ventures, increasing its valuation to $650 million and expanding production and shipments of its Electron E1 processor. The company aims to bring its energy-efficient architecture to data centers, claiming significant improvements in energy efficiency.
An article published by NRDC argues that revenues from the RGGI initiative have helped lower electricity bills and fund energy efficiency, but directing a larger share of them toward direct assistance could weaken long-term savings. The authors argue for targeting support to households most in need and adopting updates to the initiative to preserve its benefits.