Clean energy stocks may be underperforming in the public market, but in private markets there is still appetite for companies focused on decarbonization.
Climate-focused venture capital firm Clean Energy Ventures said Wednesday it raised $305 million for its second fund.Areas of focus for the new fund include industrial decarbonization, plastics and grid-enhancing technologies like virtual power plants.
The firm is already putting the new money to work, focusing on technologies that go beyond the traditional green investments of solar and wind.Co-founder and managing partner Daniel Goldman identified industrial decarbonization as one compelling vertical — specifically emissions-reducing technology for the cement and steel industries.
A lot has changed in the renewable energy landscape since 2019 when Clean Energy Ventures launched its first fund, including the rise – and subsequent fall – of special purpose acquisition companies. During the Covid-era, SPACs proved a popular path for clean energy companies to access public markets. Many have performed poorly since, leading some to argue the enthusiasm around SPACs caused companies to go public that simply weren't ready.
No companies from the first fund have been acquired, although Goldman said there have been interested buyers.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Clean Energy Ventures raises $305 million to back early-stage climate startupsClean energy stocks may be underperforming in the public market, but in private markets there is still appetite for companies focused on decarbonization.
Read more »
New $305 million Austin State Hospital unveiledThe facility has 240 single-person rooms, a basketball gym and outdoor courtyards. It’s part of a $2.5 billion overhaul of the state’s mental health hospital system.
Read more »
New $305 million Austin State Hospital unveiled as Texas revamps psychiatric systemThe facility has 240 single-person rooms, a basketball gym and outdoor courtyards. It’s part of a $2.5 billion overhaul of the state’s mental health hospital system.
Read more »
New $305 million Austin State Hospital unveiled as Texas revamps psychiatric systemThe facility has 240 single-person rooms, a basketball gym and outdoor courtyards. It’s part of a $2.5 billion overhaul of the state’s mental health hospital system.
Read more »
Austin State Hospital opens new $305 million facility to enhance psychiatric careThe Texas Health and Human Services Commission (HHSC) celebrated the grand opening of a $305 million replacement hospital at Austin State Hospital Wednesday.Th
Read more »
U.S. Department Of Energy’s Faculty-Applied Clean Energy Sciences Program Announces First-Ever CohortU.S. Department of Energy's Faculty-Applied Clean Energy Sciences Program Announces First-Ever Cohort
Read more »