How to fund climate tech projects with government resources

Calling climate tech innovators with high impact projects: fund your business concept with government resources 💰 The ARPA-E Energy Innovation Summit highlights how U.S. government investments support energy innovation and sustainability. ⚠️ The summit showcased projects funded by ARPA-E, which focuses on high-risk, high-potential technologies that are often too risky for private investors. 🏢 Government resources available for startups are categorized into seed, scale, and deploy: 🌱 Seed programs like ARPA-E, DOE’s SBIR/STTR, and FESI provide early-stage funding and support. The Department of Defense also offers funding for near-commercialization projects. 📈 Scale initiatives such as ARPA-E’s SCALEUP, DOE’s OCED, and EERE provide substantial funding for scaling up technologies, including building factories and developing supply chains. 🚀 Deploy: agencies like DOE’s LPO and OTT, and EPA’s Greenhouse Gas Reduction Fund focus on commercializing technologies ready for deployment, offering loans, grants and tax breaks. ⚡️ The DOE offers comprehensive support, especially at the early and late stages of development, but startups in the intermediate phase may face funding challenges. Focus on available “scale” resources and state-level investments to bridge this gap.

🌍 𝘿𝙚𝙚𝙥 𝙎𝙠𝙮 𝙨𝙚𝙘𝙪𝙧𝙚𝙨 $40𝙈 𝙐𝙎𝘿 𝙜𝙧𝙖𝙣𝙩 𝙛𝙧𝙤𝙢 𝘽𝙧𝙚𝙖𝙠𝙩𝙝𝙧𝙤𝙪𝙜𝙝 𝙀𝙣𝙚𝙧𝙜𝙮 𝘾𝙖𝙩𝙖𝙡𝙮𝙨𝙩 Montréal-based carbon-capture startup Deep Sky has received a $40-million USD ($57.3M CAD) grant from Breakthrough Energy Catalyst, a program founded by Bill Gates. The funding will support the construction of its first direct air capture (DAC) facility in Innisfail, Alberta, set to capture thousands of tons of CO2 annually. With this investment, Deep Sky aims to scale carbon removals by 2025 and further develop its innovative technologies. 𝘙𝘦𝘢𝘥 𝘵𝘩𝘦 𝘧𝘶𝘭𝘭 𝘢𝘳𝘵𝘪𝘤𝘭𝘦 𝘰𝘯 𝘉𝘦𝘵𝘢𝘒𝘪𝘵 𝘣𝘦𝘭𝘰𝘸. What are your thoughts on the potential impact of carbon-capture initiatives like this? Let us know in the comments below! #Tech #TechNews #ClimateTech #Sustainability #Canada #CanadaTech #CanadianTech #CanadaNews

Congrats to Third Derivative companies CalWave Inc., Capture6, and NxLite (Formerly 3E Nano Inc) for being named to the Cleantech 50! The Cleantech Group 50 recognizes leading early-stage startups combating climate change across the full range of sectors, from renewable energy to sustainable materials to natural resources. It's rewarding to see Third Derivative specifically highlighted for the impact it's having on the cleantech / climate tech landscape, alongside Breakthrough Energy Fellows and other outstanding programs. "For the second year in a row, we saw at least 3 participants in Third Derivative (NXLite, Calwave, Capture6) and Breakthrough Energy Fellows (Nitrovolt, Rift, Macrocycle, HyperHeat) programs land on the list, indicating the global competitiveness of the companies accepted to and graduating out of those programs." The innovation and impact potential of these startups is inspiring. CalWave is unlocking the power of the ocean by developing reliable, cost-effective ocean wave technologies for sustainable energy access. Capture6 is building scalable technology that removes CO2 from the atmosphere while producing additional freshwater for local communities. Nxlite is creating innovative coatings for windows and transparent barriers - dramatically reducing energy consumption, with products that can be applied to existing structures. I'm honored to serve as a mentor with Third Derivative and help accelerate the growth of pioneering companies like these. Congrats to all the startups recognized in this report! Cleantech 50 report: www(dot)cleantech(dot)com/50towatch/ RMI New Energy Nexus

EIT InnoEnergy has appointed Ryan Dings as the new CEO for the US market, aiming to leverage his extensive cleantech experience to drive growth and innovation. Ryan Dings will lead the Boston-based team and foster a collaborative environment for industrial scale-ups, enhancing US-EU partnerships in clean energy technologies. "We have a handful of decades to build a thriving regenerative economy to replace centuries of extractive economic activity. Climate change is the challenge of our lifetime. And potentially, one of our greatest economic opportunities. It will foster innovation and investment in abundance if we can harness the right skills, entrepreneurs and technology to scale at unprecedented levels and meet industrial policy targets," said Ryan Dings. #CleanEnergy #NetZero #ClimateTech #USMarket #EUCollaboration #Innovation #Sustainability #RyanDings #InnoEnergy #TransatlanticSummit #Cleantech #GreenTechnology #IndustrialGrowth #Decarbonization

Cloovers latest move into the cleantech space is getting a lot of hype... but let's pump the brakes for a second. Were talking about a company in the Swiss-German region trying to revolutionize energy solutions sounds great on paper, but isn't it just another fancy way to say "we're still figuring it out"? Sure, their new phase promises to bring innovation to energy sustainability. But let's be honest, isn't every startup in this space promising the same thing? Remember when we all thought biofuels were the future? How'd that work out? Spoiler: it didnt. Cloover might have some cool tech under the hood, but until they show us something more than optimistic projections and buzzwords, I'm not buying the hype. Call me a skeptic, but Ive seen too many game-changers fizzle out when reality sets in. Here's a wild idea: maybe the real innovation isn't in chasing the next big thing but in refining and perfecting what we already have. Radical, I know. So while everyones busy clapping for Cloover, Ill be over here waiting for them to prove theyre not just another flash in the pan. Let's see some tangible results before we start handing out the medals. https://lnkd.in/gMRvch5E

GRID HARDWARE STARTUPS Credits to Chloe Coates. Follow her for more sustainability content. Original post: __________ ⚡️ I have been looking into the backbone of our energy system–the hashtag #grid! In order to decarbonise most sectors of the economy we will need to #electrify everything but the rapid adoption of #renewable energy sources, the electrification of transportation and heating, and the proliferation of distributed energy resources is placing strain on our grids. We need more grid capacity to meet this new demand, and new technologies to be able to manage the technical challenges of a fully renewable grid. At Zero Carbon Capital, we have been looking into the sector over the past few months. In the two articles published on our website today I look into what the challenges are and which technology areas we are keeping an eye on. I would love to hear your thoughts 📚 Read the article here: https://lnkd.in/e9wN3D_K And if you’re a startup innovating in this space, we would love to hear from you—get in touch! __________ ♻️ Find this post useful? Feel free to share it with your network 📣 👉Follow Sustainability Infographics 📊 to learn from the industry's best visuals. #sustainability #sustainable #business #esg

🌱 Climate Tech Trends of 2024: A Pivotal Year of Transformation and Resilience 🌍 As 2024 comes to a close, the climate tech ecosystem reveals a more reserved venture landscape. This was particularly felt in the "Valley of Death," the relative lack of funding available for Series A/B rounds (especially for first-of-a-kind, "FOAK" technologies) -- tech often too expensive and high-risk for VCs but also too experimental (and too high-risk) for PE. The Valley of Death intensified this year, with only 10% of deals at Series B stage. (That being said, there are great funds uniquely dedicated to climate tech at these critical stages, and CVCs like Woven Capital, Toyota's Growth Fund tend to fund later stages, so hope remains!) 1. The Climate Tech Funding Landscape According to PwC's State of Climate Tech 2024 report, global climate tech investments decreased by $23 billion globally, shrinking from $79 billion in late 2023 to $56 billion by Q3 2024. This decline in venture funding reflects the broader VC trend of decreased capital flowing into startups across all industries, a steady decrease since the 2021 peak. 2. Financing Dynamics The PwC Climate Tech Report highlights the following critical transformation in funding structures: - Hybrid capital models now constitute 42% of climate tech financing -- reflecting increased diversification in capital stacks. - Non-dilutive funding (grants, government incentives) increased to 23% of total investments. - Longer times between rounds: median funding rounds extended to 22 months between raises, compared to 16 months in 2022. 3. Tech Trends Renewable Energy Innovations - Energy tech remained strong (the most-invested-in climate tech vertical), increasing to 35% of total funding - Solar efficiency reached 30.2% in commercial panels (National Renewable Energy Laboratory) - Long-duration energy storage costs decreased by 37% year-over-year (International Energy Agency (IEA) Global Energy Report) Industrial Decarbonization Milestones - Green hydrogen production costs dropped to $1.87/kg in select markets (International Hydrogen Council) Carbon capture technologies now achieve 92% capture rates at commercial scale (Global CCS Institute) Impacts of AI - AI climate tech saw and increase of >2x -- rising to 14.6% in 2024 from 7.5% in 2023. Top verticals include autonomous vehicles, smart energy systems, and agricultural innovations. - Key areas to watch in 2025 are AI applications to EVs -- and EV venture funding, given the uncertainty of the IRA as we head into the new U.S. political administration -- as well as power grid stability in the global south. 4. Climate Tech Investment Sector Breakdown by Geography North America: 45% ($35.3B) Europe: 32% ($25.1B) Asia-Pacific: 20% ($15.7B) Rest of World: 3% ($2.3B) Check out the PwC report here: https://lnkd.in/dYVY-K9s. #ClimateTech #VentureCapital #Sustainability #ClimateInnovation

The investment landscape in clean technology is rapidly evolving, with significant shifts observed in recent years. In 2023, approximately 1.9 trillion dollars were allocated to clean tech investments, surpassing the 1 trillion dollars directed towards conventional energy. Forecasts from the International Energy Agency (IEA) and energy analysts suggest a continued upward trajectory, with projections indicating a potential surge to 5 trillion dollars by 2025. This anticipated growth is attributed to the Net Zero objective outlined in the Paris Agreement, driving momentum towards sustainable energy solutions. Stay informed on this transformative journey: https://lnkd.in/gANU8awu

GRID HARDWARE STARTUPS Credits to Chloe Coates. Follow her for more sustainability content. Original post: __________ ⚡️ I have been looking into the backbone of our energy system–the hashtag #grid! In order to decarbonise most sectors of the economy we will need to #electrify everything but the rapid adoption of #renewable energy sources, the electrification of transportation and heating, and the proliferation of distributed energy resources is placing strain on our grids. We need more grid capacity to meet this new demand, and new technologies to be able to manage the technical challenges of a fully renewable grid. At Zero Carbon Capital, we have been looking into the sector over the past few months. In the two articles published on our website today I look into what the challenges are and which technology areas we are keeping an eye on. I would love to hear your thoughts 📚 Read the article here: https://lnkd.in/e9wN3D_K And if you’re a startup innovating in this space, we would love to hear from you—get in touch! __________ ♻️ Find this post useful? Feel free to share it with your network 📣 👉Follow Sustainability Infographics 📊 to learn from the industry's best visuals. #sustainability #sustainable #business #esg

💡 Celebrating impact startups driving the future of clean energy! ⚡ As part of this year's International Day of Clean Energy, we celebrate our journey in driving the shift toward a cleaner, more sustainable future 🌍 Impact startups are pioneering solutions that not only power our world sustainably, but also help reduce emissions and combat climate change! 💪 From solar power to energy storage, their groundbreaking technologies are changing the way we think about energy 🔋 By focusing on renewable energy, efficiency, and accessibility, we're creating a cleaner, greener future for all 👏 Together, we can support these game-changers and ensure clean energy becomes the standard for generations to come 🌿 #CleanEnergy #Sustainability #ClimateAction #RenewableEnergy #ImpactStartups #RemoteVolunteering