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? CTVC’s guide to NYCW #163

Climate Tech VC

In the news this week, $7T for fossil fuel subsidies, the summer brings more tropical storms, and Equinor opens the world’s largest floating wind farm… to power oil drilling. for Northvolt to build energy storage, $100M for direct lithium extraction, and $60M for heat batteries. Thanks for reading! Not a subscriber yet?

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NorthVolt’s Battle Plan to Win the Upcoming Battery-Wars

Mr. Sustainability

What is NorthVolt’s strategy to create a European battery power basis? NorthVolt recently raised an additional $600 million in equity – enabling its expansion of production and recycling capacities, as well as R&D activities to support the target of establishing 150 GWh of manufacturing capacity in Europe by 2030.

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? Africa’s inaugural climate summit #165

Climate Tech VC

An historic climate summit in Nairobi last week underscored the need for drastic changes in climate finance and clean energy development. Leaders sought to position the continent’s renewables potential and mineral resources as climate investment opportunities and get nations on the same page ahead of COP28. Thanks for reading!