Clean Energy Ventures raises $305 million to back early-stage climate startups

Climate-focused venture capital firm Clean Energy Ventures said Wednesday it raised $305 million for its second fund.Areas of focus for the new fund include industrial decarbonization, plastics and grid-enhancing technologies like virtual power plants.

The firm is already putting the new money to work, focusing on technologies that go beyond the traditional green investments of solar and wind.Co-founder and managing partner Daniel Goldman identified industrial decarbonization as one compelling vertical — specifically emissions-reducing technology for the cement and steel industries.

A lot has changed in the renewable energy landscape since 2019 when Clean Energy Ventures launched its first fund, including the rise – and subsequent fall – of special purpose acquisition companies. During the Covid-era, SPACs proved a popular path for clean energy companies to access public markets. Many have performed poorly since, leading some to argue the enthusiasm around SPACs caused companies to go public that simply weren't ready.

No companies from the first fund have been acquired, although Goldman said there have been interested buyers.

پاکستان تازہ ترین خبریں, پاکستان عنوانات

Similar News:آپ اس سے ملتی جلتی خبریں بھی پڑھ سکتے ہیں جو ہم نے دوسرے خبروں کے ذرائع سے جمع کی ہیں۔

Clean Energy Ventures raises $305 million to back early-stage climate startupsClean energy stocks may be underperforming in the public market, but in private markets there is still appetite for companies focused on decarbonization.
ذریعہ: CNBC - 🏆 12. / 72 مزید پڑھ »

U.S. Department Of Energy’s Faculty-Applied Clean Energy Sciences Program Announces First-Ever CohortU.S. Department of Energy's Faculty-Applied Clean Energy Sciences Program Announces First-Ever Cohort
ذریعہ: cleantechnica - 🏆 565. / 51 مزید پڑھ »