Cleantech Group

🌱 Exciting insights from the FHA-Food & Beverage 2024 event in Singapore! Jack Ellis moderated a panel on food waste valorization, discussing how the agrifood industry is transforming waste into wealth. Here are some highlights: Florence Leong of KosmodeHealth Singapore shared innovative ways to extract proteins and fibers from agrifood waste, turning them into valuable supplements, functional foods, and bio-scaffolds. Weitze Ooi from Dole Specialty Ingredients emphasized the business potential in waste valorization, urging companies to focus on extracting nutritious components and ensuring scalability. Jonathan Poh from Otolith Enrichment showcased their circular ecosystem in Singapore, where food waste becomes biofertilizer and fish feed, highlighting the social benefits of involving local communities. 📈 Discover how these innovators are reshaping the future of food waste with Jack Ellis's latest perspective: https://hubs.li/Q02HyJRZ0 #CleantechGroup #FoodWaste #FHA2024

I recently published Cleantech Group's Quarterly Investment Insight for Q2. Check out i3connect.com for the full report & webinar packed with analysis from Cleantech Group's expert Research Team. A few highlights: Q2 has continued along the general venture movement observed over the last 2 years, closing with $10.4B across 607 deals. Beneath the surface, specific trends are emerging, let's dig in.   Large rounds with blended funding types are continuing in popularity as observed in Q1, motivated by Europe's successful streak of first-of-a-kind (FOAK) demonstration projects. The risk-perception around #FOAKs outside of the European market seems to be easing, slowly but surely.   Almost half of Energy & Power's VC activity this quarter occurred in Europe. This is not too surprising following the successful #energystorage gigarounds from Q1. Notably, this quarter Highview Power (UK) pulled in $323M for its FOAK Liquid Air Energy Storage plant in the UK. What's more for Energy & Power, green hydrogen scale-up's have moved to the manufacturing phase with $439M raised by 8 electrolyzer companies in Q2.   Investments into advanced materials, specifically #bioplastics, #graphene and #nanomaterial innovations have shot up Q2 investment figures for the Materials & Chemicals industry compared to Q1.   Software innovators for autonomy solutions are maturing, including Series A round from Harbinger, while innovators bringing autonomy vehicles to heavy-duty commercial vehicles, approach commercialisation including Waabi, TIER IV and more.   Technology-specific funds are on the rise. Infinity Recycling closed its recycling fund at $189M, Underground Ventures launched a geothermal-focused fund, and Ocean 14 Capital closed its Blue Economy fund at $260M.   We all know exits have been downhill since the 2021 frenzy, and with long-term growth strategies back in financial fashion that momentum is true in Q2 as well. Even so, all SPAC activity this quarter centred #EV developers.   What are your predictions for H2 2024?

I recently published Cleantech Group's Quarterly Investment Insight for Q2. Check out i3connect.com for the full report & webinar packed with analysis from Cleantech Group's expert Research Team. A few highlights: Q2 has continued along the general venture movement observed over the last 2 years, closing with $10.4B across 607 deals. Beneath the surface, specific trends are emerging, let's dig in.   Large rounds with blended funding types are continuing in popularity as observed in Q1, motivated by Europe's successful streak of first-of-a-kind (FOAK) demonstration projects. The risk-perception around #FOAKs outside of the European market seems to be easing, slowly but surely.   Almost half of Energy & Power's VC activity this quarter occurred in Europe. This is not too surprising following the successful #energystorage gigarounds from Q1. Notably, this quarter Highview Power (UK) pulled in $323M for its FOAK Liquid Air Energy Storage plant in the UK. What's more for Energy & Power, green hydrogen scale-up's have moved to the manufacturing phase with $439M raised by 8 electrolyzer companies in Q2.   Investments into advanced materials, specifically #bioplastics, #graphene and #nanomaterial innovations have shot up Q2 investment figures for the Materials & Chemicals industry compared to Q1.   Software innovators for autonomy solutions are maturing, including Series A round from Harbinger, while innovators bringing autonomy vehicles to heavy-duty commercial vehicles, approach commercialisation including Waabi, TIER IV and more.   Technology-specific funds are on the rise. Infinity Recycling closed its recycling fund at $189M, Underground Ventures launched a geothermal-focused fund, and Ocean 14 Capital closed its Blue Economy fund at $260M.   We all know exits have been downhill since the 2021 frenzy, and with long-term growth strategies back in financial fashion that momentum is true in Q2 as well. Even so, all SPAC activity this quarter centred #EV developers.   What are your predictions for H2 2024?

Energy efficiency is crucial in decarbonizing heavy-emitting industries. Yet challenges around cost and infrastructure are hindering hard-to-abate leaders from achieving their #decarbonization goals effectively, profitably and at pace. Join Reuters Events’ live webinar, Energy Efficiency and The Road to Decarbonizing Energy-Intensive Sectors, on August 1st (11:00-12:00 pm ET) to gain practical, industry-led insights on how to: 👉Improve energy efficiency through measures like demand side reduction and energy audits 👉Achieve innovation and boost economic resilience through incorporating efficiency into the design and operation of industrial processes 👉Utilize emerging and profitable climate technologies and solutions to counter the challenges in achieving energy efficiency Register here to secure your place: https://hubs.li/Q02H5gCY0 This webinar is in conjunction with the Reuters Events Industrial Decarbonization Summit this October 1-2 in Pittsburgh. Please let Anthony DeOrsey Jr. or Marcel van Galen know if you’d like to meet up at the event: https://hubs.li/Q02H5xFv0

As urban populations are growing, so is the need for practical, efficient, and climate-friendly personal mobility. After attending Micromobility Europe (Micromobility Industries), Nicole Cerulli shares insights emerging from the event. While #ebikes are the backbone of the #micromobility sector, how is the market maturing? Developers are shifting towards supply-chain resilience, including recycling initiatives, circular battery economies, and regional resource autonomy - but will cities enable micromobility adoption to supplement public transport? https://hubs.li/Q02H4QDd0 Download our complimentary report ‘𝐓𝐡𝐞 𝐑𝐢𝐬𝐞 𝐨𝐟 𝐓𝐰𝐨 𝐚𝐧𝐝 𝐓𝐡𝐫𝐞𝐞-𝐖𝐡𝐞𝐞𝐥𝐞𝐫𝐬 𝐢𝐧 𝐀𝐟𝐫𝐢𝐜𝐚’: https://hubs.li/Q02H4G2H0

Happy Tuesday!   Let's dive into last week's climatetech activity (08/07 - 14/07) - Check out i3connect.com for more details on our research at Cleantech Group.   Ecosystem Highlights & News: Direct Air Capture (DAC) startup 1PointFive signed the largest carbon dioxide removal credit purchase agreement yet with Microsoft for 500,000 metric tons of CDR credits.   Blackhorn Ventures' Industrial Impact Fund II has closed at $150M, targeting early-stage SaaS and AI startups that are addressing industrial resource management and decarbonisation at scale. The deadline for 'Powering the Blue Economy: Power at Sea Prize' competition by the U.S. Department of Energy (DOE) is July 26. Up to $1.7M will be awarded to startups advancing marine energy-powered technologies.   Researchers at University of Cambridge took inspiration from the process of charging a battery, but instead charged activated charcoal in order to develop a charcoal sponge to capture CO2 emissions.   Umami Bioworks partnered with IKP's Centre for Smart Protein and Sustainable Material Innovation (IN) to accelerate research for cultivated seafood, as well as partnering with Sathyabama Institute of Science & Technology, Chennai to set up an R&D facility on campus.   Deals:   🌿 Agriculture & Food Transforming CO2 into alternative proteins, NovoNutrients (US) pulled in $18M in Series A funding to construct its pilot plant. The round was led by Woodside Energy and CM Venture Capital.   ⚡ Energy & Power Arkion (formerly Skyqraft), a AI-powered grid inspection startup, announced $4M in funding for scaling. The round was led by Subvenio Invest, alongside Neptunia Invest and Antler.   ⚗ Materials & Chemicals Mantle (US), a startup using metal-additive manufacturing to produce production-grade tools, raised $20M in Series C funding led by Schooner Capital, with participation from 11.2 Capital, Fine Structure Ventures and others.   🌍 Resources & Environmental Management Desalination startup, ZwitterCo (US), secured $58.4M for its oversubscribed Series B round led by Evok Innovations with participation from DCVC, HG Ventures and others. The funds will go towards the international expansion and advancement of its water treatment solution.   🚢 Transport & Logistics EVOS Energy (AU), a fleet energy management startup, raised $2.6M ($4M AUD) in the first tranche of its Series B round to scale its manufacturing capabilities and market expansion.   ♻ Waste & Recycling Polystyvert (CA), a recycling-tech startup for styrenic plastics, announced a $12M ($16M CAD) first tranche of its Series B round led by Infinity Recycling, alongside SWEN Capital Partners and Earth Foundry. The funding will go towards industrial-scale commercialization of its recycling technology for highly contaminated polystyrene waste   #startups #cleantech #netzero #watermanagement #climatetech #greeneconomy #electricmobility #Investments #climateecosystem #carbonoffsets #recycledmaterials   Image Source: Arkion

For the latest #cleantech investment updates, from feedstock derived SAF to polystyrene recycling, check out Arianna Bernas' latest Recent Deals, featuring: 🌿NovoNutrients technology transforming CO2 to protein ⚡Xurya Daya Indonesia, provider of PV solar installation 🧪 Aether Fuels, a sustainable fuel developer 🌍 Apiday ESG platforms 🚛 VOLANT AEROTECH, developer of eVTOL aircraft ♻️ Polystyvert recycling solutions for polystyrene https://hubs.ly/Q02GK3-k0

How are financial institutions adapting to new mandatory disclosure regulations for measuring and disclosing their climate impact? While regulatory requirements for reporting environmental impact vary globally, the EU's Sustainable Finance Disclosure Regulation and global entities such as the Partnership for Carbon Accounting Financials are driving more comprehensive reporting and standardizing emissions accounting. As investors and corporations increasingly turn to advanced tools to automate and visualize data inputs, innovation in emissions monitoring software offers to reduce the burden of reporting. Find out how the landscape of impact reporting is evolving in Holly Stower’s latest perspective: https://hubs.li/Q02GDWP00 Pathzero, SWEEP, Normative.io

Here are last week's top venture funding deals in climatetech, as selected by Cleantech Group: 🌾 Agriculture & Food NovoNutrients 🇺🇸, developer of technology that transforms CO2 into protein products, raised $15 million in Series A funding from Woodside Energy and CM Venture Capital. This follows an earlier $3 million Series A investment in April 2023. Funds will be used to support the construction of a pilot plant in the San Francisco Bay Area. 💡 Energy & Power: ENEIDA.IO 🇵🇹, designer of smart sensors and industrial wireless networks for electric utilities and large process industries, raised $11.3 million in Series A funding from Junction Growth Investors, Santander, Korys, and HCapital Partners. The investment will support product development and accelerate R&D. 🧪 Materials & Chemicals: Mantle 🇺🇸, producer of production-grade tools, molds, and dies using metal additive manufacturing, raised $20 million in growth equity from Schooner Capital, Fine Structure Ventures, Foundation Capital, Corazon Capital, 11.2 Capital, and Build Collective to expand operations and development efforts. 🌲 Resources & Environmental Management: Apiday 🇫🇷, developer of a platform that collates ESG data, automates ESG reporting and certification processes, and collaborates with third parties to improve ESG scores, raised $10.8 million in Series A funding to accelerate growth. Investors AENU, daphni, and Gallion.exe participated in the round. 🚚 Transport & Logistics: EVOS Energy 🇦🇺, provider of an energy and fleet management software platform for electric vehicles and an at-home EV charger, raised $4 million in Series B funding from existing investors. The round will support expansion across Southeast Asia and meet demand from Australian passenger EVs and fleets. ♻️ Waste & Recycling: Polystyvert 🇨🇦, developer of solutions for recycling polystyrene, raised $16 million in Series B funding from Earth Foundry, Infinity Recycling, and SWEN Capital Partners. The funding will be used to further diversify its intellectual property portfolio. Find out more about our research and consulting capabilities here: i3connect.com #cleantech #climatetech #greeneconomy #greentech #decarbonization #emissionsreduction #netzero #innovation #startups #venturecapital Images: HEYCO® Products Corp. operating its Mantle 3D printer (left). Heyco-printed tool for a deep-ribbed consumer product (right). Credit: Heyco Products

Happy Tuesday!   Let's dive into last week's climatetech activity (01/07 - 07/07) - Check out i3connect.com for more details on our research at Cleantech Group.     Ecosystem Highlights & News:   Big congratulations to the 13 exciting startups announced for Undaunted: Tackling climate change with innovation's Cohort 7, including CapChar, Biofonic, Deep Blue BioTech, SEALEO, Sequinova, and others - More information: https://lnkd.in/ebm8vsAJ    CapChar won Oxfordshire Greentech's PR Accelerator programme too, (supported by Mixology PR) alongside RePolyWise and re-universe.   GET Fund secured a €100M first close for its new cleantech fund targeting hybrid hardware-software solutions at Series A and B rounds. U.S. Economic Development Administration is granting $504M to 12 designees from the Tech Hubs Program. Including Elevate Quantum, receiving $40.5M which is anticipated to lead to 50 quantum startups and 10,000 new jobs. Full awardee list: https://rb.gy/vawadl   Seaya closed its climate-tech fund, Seaya Andromeda, at €300M for impact-driven companies across circular economy, decarbonisation, and energy transition sectors. LPs incude Nortia, Santander, Bpifrance and more.   Deals: Lot's of early-stage activity to dig into   🌿 Agriculture & Food Reusable packing startup, Vytal | The reuse system (GE), raised €6.2M by Emerald Technology Ventures to continue scaling its software and expand into new markets.   ⚡ Energy & Power ORUS ENERGY (FR), providing AI-powered energy management systems for commercial buildings, announced its €2.2M Seed round led by b2venture and Asterion Ventures.   ⚗ Materials & Chemicals Cambridge Electric Cement (UK), a startup for decarbonised cement through recycled building materials, announced its £2.25M Seed round to industrialize production of its low carbon cement at CELSA UK's EAD Facility. Zero Carbon Capital led the round, with participation from Cambridge Enterprise Ventures, Almanac Ventures and others.   🌍 Resources & Environmental Management Forest carbon offsets startup, Tree.ly (AT), secured a €5M Seed round led by PortfoLion Capital Partners to accelerate its growth within European markets and drive innovation for new forest-based climate protection solutions.   🚢 Transport & Logistics Urtopia E-Bike (CN), raised $10M in its Series A round led by Guangyuan Hesheng, Yidiantianxia and Tongxiang Jintong Fund, with participation from several others.   ♻ Waste & Recycling Sensorita (NO), a sensor-based waste management startup, has pulled in $3.25M in Seed funding to scale-up its technological offerings. Brick & Mortar Ventures led the round with with participation from Telenor.   #startups #cleantech #netzero #lowcarboncement #climatetech #greeneconomy #electricmobility #Investments #climateecosystem #carbonoffsets #recycledmaterials   Image Source: ACCSESS - How Can We Decarbonise Cement Production?