Net Zero Insights

📈Scaling Climate Tech is challenging, but can unlock big opportunities. As part of our State of Climate Tech '24 report, we spoke with Frederico Bilelo Gonçalves, Partner at EDP Ventures, about investing in companies leading the energy transition. 🍃 EDP is on track to have invested more than €17 billion into the energy transition by 2026, supporting its mission to be carbon-free by 2025, all-green by 2030, and net-zero by 2040. "Key challenges include the cost and complexity of integrating new tech into existing infrastructure, regulatory delays, and slower market adoption due to operational shifts and perceived risks. However, as technologies mature, costs decrease, automation boosts efficiency, and supportive policies emerge." Frederico says. 🎙Read the full interview on p96 of the report(link in comments). #StateofClimateTech #SOCT2024 #NetZeroInsights #ClimateTech #ClimateInnovation #ThoughtLeader

Who were the most active Climate Tech VCs in 2024? 💸 While some investors pressed pause, others continued to actively invest in Climate Tech. These were the most active investors in 2024, based on our analysis of over 46k deals on our platform. 1. Lowercarbon Capital  2. Breakthrough Energy Ventures 3. Antler 4. HTGF | High-Tech Gründerfonds 5. Speedinvest  6. S2G Ventures Find more about Climate Tech investors' focus and strategy in our latest State of Climate Tech Report. #ClimateTech #ClimateInnovation #StateofClimateTech #SOCT2024 #NetZeroInsights #trends #investments #VentureCapital

What were the top Climate Tech deals in 2024? 🚀 With 2024 officially behind us, we reviewed our data to take note of the equity rounds worth paying attention to. 🌱 Pre-seed and seed 1. US-based EvolutionaryScale, secured $142M in a seed round from Amazon, Lux Capital, NVIDIA, and others. 2. UK-based Nattergal Ltd, raised $52.2M in a seed round from Aviva and Lansdowne Partners. 3. Estonia-based Stargate Hydrogen, closed a $45M seed round from UG Investments and the European Commission. 4. UK-based CuspAI, raised $30M in a seed round from Hoxton Ventures, Basis Set, Lightspeed, and others. 🌳 Early-stage 1. China-based IM Motors, secured $1.1B in an early VC round from BOC Investments and Lingang Group. 2. US-based Pacific Fusion, raised $900M in a Series A round from General Catalyst, Breakthrough Energy , Ken Griffin, and others. 3. US-based EnerVenue, secured $308M in a Series B round. 4. Germany-based Black Semiconductor, closed a $273M Series A round from Porsche Ventures, Project A, Onsight Ventures, and others. 🌎 Later-stage 1. US-based Infinium, secured $1.1B in a growth equity round from Brookfield. 2. US-based Twelve, closed a $600M in a growth equity round from The Rise Fund, Capricorn Investment Group, Pulse Fund, and others. 3. US-based-Crusoe, closed a $500M in a Series D round from Founders Fund, Fidelity Investments, NVIDIA, and others. 4. US-based X-energy, secured $500M in a Series C round from Amazon, NGP, and Ken Griffin. Read the State of Climate Tech Report for more insights into the key investment trends in 2024 (link in comments). 🔗 #NetZeroInsights #ClimateTech #ClimateInnovation #SOCT2024 #StateofClimateTech #Trends #Investments

35,000 strong—thank you for following along with us! 🌍 As 2024 comes to a close, we at Net Zero Insights are filled with gratitude. This year, we’ve grown to an incredible community of 35K. Hundreds joined our events, thousands downloaded our reports, and even more engaged with our newsletter. From tracking the latest deals and uncovering climate tech trends to sharing conferences, open calls, and launching new reports, this year has been all about driving impact together. A heartfelt thank you to our customers, partners, investors, team, and the entire climate tech ecosystem. Your support fuels our mission to power the world’s annual $6.2 trillion capital flow needed to achieve net zero emissions. We’re excited to continue delivering insights and driving innovation in 2025 📈 #ClimateTech #ClimateInnovation #NetZeroInsights #Funding #Investments #VentureCapital #Startups

🌎Last week we tracked over 35 global climate tech deals on our platform.  These are the top 7 worth keeping note of.  👀👇 🚛China, Hefei-based DeepWay BEV Truck, raised a $103M Series B round from Zhong'an Capital, Puhua Capital, Feixi Industrial Investment, and others to accelerate the R&D and mass production of electrification and intelligent technology for heavy trucks. 🔬Ireland, Dublin-based Nuritas, closed a $42M Series C round from M&G Investments, McWin Capital Partners, Grosvenor Food & AgTech, and others to develop a biotechnology platform that uses artificial intelligence and genomics to extract peptides from food sources. 💧Sweden, Solna-based Chromafora, secured $23.5M in debt financing from the European Investment Bank (EIB) to develop a treatment technology used for removing heavy metals and PFAS from polluted water. 🌤️United States, Baltimore-based Sunairio, secured $6.4M in an early VC round from Buoyant Ventures, Constellation Technology Ventures, and MassMutual Ventures Climate Tech Fund, to expand climate simulation technology to simulate energy asset risk and grid variability. 🌿United Kingdom, London-based Arborea, raised $5.2M in an early VC round from Indico Capital Partners and Banco Português de Fomento to develop multi-functional proteins and nutritious ingredients through a new microalgae production system. ☀️India, Gurgaon-based SustVest, secured $1.7M in a pre-series A round from Inflection Point Ventures, Antler, Soonicorn Ventures, and others to develop a sustainable investment platform that offers fractional ownership of renewable energy projects. 🌬️United Kingdom, London-based GT Wings, secured $1.3M in an early VC round from Blackfinch Ventures, One Planet Capital, and Sustainable Times to develop wind propulsion solutions for the maritime industry. Any round we missed? Let us know in the comments. #ClimateTech #ClimateInnovation #NetZeroInsights #Funding #Investments #VentureCapital #Startups

We spoke with Pia Erkinheimo about Finland's path towards achieving carbon neutrality by 2035 and what it will take to bring Climate Tech Innovations to market. 💸 Pia is a seasoned angel and growth company Climate Tech investor, and a board member at LUT University in Finland. 🌎 LUT aims to solve global climate problems through scientific research, academic education, and societal impact, which has earned them a ranking as one of the top 10 universities in the world in UN’s Sustainable Development Goal (SDG) #13 - Climate Action. "We need "language skills" at the delicate interface between academia and business, people who speak both science and economics. The laws of scaling up science-based technology companies are not of interest to the professoriate, and tech transfer professionals in turn need to be "learning machines" to understand enough about the technology." Pia said. 🎙Read the full interview on p122 in our State of Climate Tech '24 report.(link in comments) #ClimateTech #SOCT2024 #StateofClimateTech #NetZeroInsights #ClimateInnovation #ThoughtLeaders

Registrations open for the State of Climate Tech '24 webinar on 4th February 2025. 🗓️ 🌍Join us as we discuss the findings from our State of Climate Tech '24 report with industry investors, founders, and leaders. See you there! #SOCT2024 #StateofClimateTech #NetZeroInsights #ClimateTech #ClimateInnovation #webinar

🎊Merry Christmas to those who're celebrating today. Wishing you all a festive break. We'll continue to keep you informed of the latest in Climate Tech deals, trends, and news over the next few weeks. A special thanks to those who started to use our platform, came along for events, and gave us a follow. The ecosystem is quickly growing, and so are we! 🌎 Net Zero Insights.

🌍 What countries invest the most in Climate Tech? As part of our State of Climate Tech '24 report, we looked into what the most funded countries were in 2024. 💵US held its position with $33B in total funding in 2024. 📈Sweden and France saw a large uptick in funding due to Debt giga-rounds, earning them second and third places on the 2024 leadership board. 🌱Emerging Climate Tech hubs China and India saw a decline in funding compared to last year. For more insights, download the State of Climate Tech report (link in comments). #StateofClimateTech #NetZeroInsights #ClimateInnovation #Funding #SOCT2024 #Report #Analysis #ClimateTech #Investments

🌎Last week we tracked over 60 global climate tech deals on our platform.  These are the top 7 worth keeping note of.  👀👇 🔋United States, San Jose-based Lyten, secured $650M in debt financing from the Export-Import Bank of the United States for the expansion of lithium-sulfur battery manufacturing in Silicon Valley. 🌍United States, Houston-based Fervo Energy, raised $135M equity investment from Capricorn Investment Group’s Technology Impact Fund II, Breakthrough Energy Ventures, CalSTRS, and Congruent Ventures, and others, along with $120M debt financing from Mercuria to provide carbon-free energy through the development of next-generation geothermal power. 🤖Germany, Hamburg-based 1KOMMA5°, closed a $156M Late VC round from G2 Venture Partners, 2150, Norrsken VC, and others, to roll out HEARTBEAT AI, their artificial intelligence & virtual power plant, further across Europe and Australia. 🛰️Finland, Espoo-based ICEYE, secured a $65M Series E round from Solidium Oy, Seraphim Space, BlackRock, and others to develop its SAR satellite constellation, intelligence, surveillance, and reconnaissance (ISR) platform, and related systems. 🔋United States, Somerville-based Form Energy, secured $50M in financing from Trinity Capital to develop an iron-air battery technology for energy storage systems. 🌱United States, Emeryville-based Sound Agriculture , closed a $25M Series D round from S2G Ventures and BMO to launch bioinspired nutrient efficiency solutions that empower growers to achieve healthier soils, thriving crops, and climate-friendly farming practices. ✈️Germany, Bavaria-based VÆRIDION, raised $14.6M Series A round from World Fund, Vsquared Ventures, Project A, and others to develop electric Microliners for zero-emission flights. Any recent deals that deserve a shoutout? Leave a comment. #ClimateTech #ClimateInnovation #NetZeroInsights #Startups #Funding #Investments #VentureCapital