Cleantech for Europe’s Post

🎉 GET Fund Announces First Close of Its Latest Fund to Back Green European Tech Startups 🎉     Big congratulations to GET Fund (Green European Tech Fund), a member of our #cleantech investor coalition, on the first close of a new fund dedicated to investing in innovative cleantech solutions and impactful businesses across the #energy, #mobility, #agriculture, and industrial sectors.    The first close has been supported by a diverse group of investors including European Investment Fund (EIF), BNP Paribas, Sächsische Aufbaubank - Förderbank - , German energy provider YIPPIE, automotive and industrial supplier Schaeffler, Japanese chemicals company Asahi Kasei, and Dr. Lars Hettich. Current commitments to the fund sum up to €100 million.    Looking towards the future, GET Fund plans to invest in up to 20 high-potential startups, providing them with the resources needed to scale and achieve market leadership. The fund will focus on Series A and B investments, supporting portfolio companies through multiple rounds of financing and strategic guidance. The investment focus is on hybrid hardware-software solutions .    Congratulations to the entire team at GET Fund for making this happen!     Isabelle Canu Martin Kröner Florian Loebermann Michael Sailer Beatrice Böhm     https://lnkd.in/eNr_Sqbt 

📈 Towards a more competitive and secure Europe 📈 Tomorrow, the European Climate Neutrality Observatory (ECNO) is launching its second EU-wide progress report. It will provide an update on the progress towards EU climate neutrality based on new data and will highlight crucial areas of action for incoming policymakers. Our Deputy Executive Director Suzana Carp will share our vision on how to build up a carbon-neutral European industrial base, on a panel with ArcelorMittal’s Robert Jan Jeekel. Europe currently has a unique opportunity to accelerate its path towards green industrial leadership, and strengthen its economic competitiveness in the ongoing global cleantech race. To that end, we look forward to connecting with all who join the event! Sign up to attend here: https://lnkd.in/dwK4uxPz Sonja van Renssen Matthias Duwe Eike Karola Velten Markus Hagemann Clara Calipel Maciej Sytek Giulia Laganà 

✨ Using AI to power the cleantech transition - an interview with Xista Science Ventures' Bernhard Petermeier ✨ In May 2024, Europe became the first jurisdiction globally to establish a regulatory framework for Artificial Intelligence (AI), the so-called AI Act. While the AI Act implements a meaningful risk assessment framework towards advancing AI development and adoption in Europe, its provisions regarding the environmental performance of AI systems are cautious given the increasing energy demands of these technologies. We caught up with Bernhard Petermeier, Partner at xista science ventures on all things AI and how can AI help in the wide deployment of cleantech solutions. We explore: 💡How the last decades of digitalisation has prepared the cleantech space for the rollout of AI ⚡Cleantech-specific AI use cases 📈The need for strategically focused regulation that nurtures competitive sustainability while maintaining tech neutrality Thanks for sharing your insights Bernhard! https://lnkd.in/ezkKMixz

✉️ Open Letter: Expand EIB guarantees to unlock EU industrial competitiveness! ✉️ The European Investment Bank (EIB) already plays an essential role filling the investment gap that will modernise the EU’s industrial base and unlock the economic and energy resilience advantages from a net zero economy. Yet, the European Commission sees a €620 billion annual investment need to meet its energy and climate targets - with at least €92 billion required by 2030 to build the manufacturing capacity for only six strategic clean technologies. Together with 39 European cleantech innovators, investors, industry associations, researchers and NGOs, we call on the EIB to support the expansion of its public guarantee that can scale-up Europe's cleantech manufacturing significantly and reinforce the global competitiveness of EU green industry. We do so ahead of the European Investment Bank (EIB)’s Board of Governors meeting this Friday to approve its new 2024-2027 strategic road map. Our message: ⚡ Guarantees can secure Europe’s energy transition 🏛️ The EIB as the EU’s Climate Bank can support the growth of a Green capital market union to deliver Europe’s clean energy future ⚠️ European cleantech manufacturers are turning down orders for lack of bank guarantees ❗ The issue is access, not cost, and European manufacturers are at risk. 💡 The EIB’s counter-guarantee facility is a strong catalyst for a thriving green economy By shifting risk from commercial banks to the EIB’s balance sheet and the European budget, via InvestEU, European banks can offer new guarantee lines for cleantech projects and promote bank lending to emerging cleantech manufacturing. This is a strategic and crucial intervention to address a capital market failure and ensure Europe’s energy system and industry transformation. The EIB would be delivering its climate bank mandate by stepping for cleantech and innovative renewables where commercial banks reach their lending limits, as these limits are not configured to match the speed and ambition of Europe’s energy transition. https://lnkd.in/etvsU2u5 Climate Strategy & Partners Tech for Net Zero I4CE - Institut de l'économie pour le climat / Institute for Climate Economics 1.5° Ventures 2150 Airborne Wind Europe Aster Capital Atlantic Labs CAPHENIA Carbon-Free Europe DeepDrive EASE - The European Association for Storage of Energy Electrochaea Energy Dome EUREC - The Association of European Renewable Energy Research Centres Extantia Future Cleantech Architects GET Fund HV Capital ICODOS IKEM – Institute for Climate Protection, Energy and Mobility Jacques Delors Institute Kiko Ventures KRAFTBLOCK Matterwave Ventures Novocarbo Ocean Energy Europe Planet A Ventures Renewable Hydrogen Coalition Simplifhy Sunfire Trill Impact UnternehmerTUM Vireo Ventures World Fund