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Greentown Labs Member Milestones — May 2024 

Greentown Labs

Funding Active Surfaces , a Go Build 2023 participant and ACCEL Year 1 alum that’s commercializing ultra-thin-film solar technology, raised a $5.6M CalWave Power Technologies , which is working to harness carbon-free power from ocean waves, was chosen by the U.S. Department of Energy. agreement with Tugliq Énergie Co.

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? Climate highs and lows #167

Climate Tech VC

Drought conditions are causing saltwater to creep into the drinking water of communities along the Mississippi River, and the DOE puts $325M toward long-duration energy storage projects. Corporate carbon footprint tracking collects $27M, and forestry and battery interests intersect to invest $18M toward bio-graphite for lithium-ion cells.

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? Alterra’s $30B bridge for climate financing #176

Climate Tech VC

In deals, major funding includes $116M for hydrogen-powered aviation, $44M for sustainability software, and $75M in project finance investment for SAFs. In new funds, energy transition infrastructure is bringing in the big bucks with Brookfield's record-breaking $28B infra fund and Antin's $1.2B

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? 2023’s Most Headliney-Headlines #178

Climate Tech VC

for grid enhancements and $7B for hydrogen fuel hubs. Since the IRA passed, 265 clean energy and manufacturing projects worth $100B+ have been announced. 💨 Private equity and O&G bet big on climate tech’s next frontiers: DAC and lithium. 👻 Spooky season for clean energy stocks. Send us a note ! 

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Global Briefing: French vegan restaurant becomes first to win coveted Michelin Star

Business Green

Currently, only power plants emitting less than 250 grammes of CO2 per kilowatt-hour currently eligible for support under the bank's rules, but the EIB now intends to phase out all funding for fossil fuels before the end of the year. Hamburg coal power plant to be converted into mega-electrolyser for green hydrogen.

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? US clean investment cleans up with $239bn #187

Climate Tech VC

The US Clean Investment Monitor published its annual report for 2023, which saw clean investment total $239bn, up 38% from 2022. Energy & industry. Happy Monday!    Lots of spice for clean investment this week. The picture was less rosy for new wind and heat pumps, both of which have suffered from high interest rates. .

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? Toasting tax credit guidelines #179

Climate Tech VC

  …We hope you didn’t miss our tax credit coverage ;) New year, new IRA guidance on hydrogen, domestic manufacturing, and SAFs.   In deals,   $2.2bn in electric cars, $800m for Octopus’ expansion, and $34m for EVs in India. Verdagy , Electric Hydrogen ).  Antora , Rondo Energy ).