ImpactAlpha, Dec. 2 – Sacca’s Lowercarbon Capital raised $800 million in August for four climate-focused funds. Now the Silicon Valley investor is looking to double down on fusion energy and carbon capture technology with two new funds.
“For life as we know it to have a chance at surviving the hangover of a 170-year all-you-can-eat oil & gas buffet, we have to both reduce emissions and suck CO2 out of the sky,” tweeted Sacca, as he announced that Ryan Orbuch, who led Stripe’s carbon removal team, will lead carbon removal investing.
The digital payments company Stripe was an early buyer of carbon removal credits from Climeworks, Charm Industrial, Project Vesta and CarbonCure. Sacca has invested in Charm, Living Carbon, Kula Bio and other carbon removal startups.
Lowercarbon’s new fusion-focused fund signals key breakthroughs in the long-promised technology are near. Producing more energy than it takes to generate fusion, or net energy, will be “the Kitty Hawk moment for energy,” Sacca wrote in a letter to LPs, reports Axios.
Lowercarbon is an investor in fusions startups Zap Energy and Commonwealth Fusion, which just raised $1.8 billion.
