Last week remained prosperous for climate tech funding for startups globally. Recent climate tech funding updates have covered sectors including renewable energy technologies, carbon capture and storage, solar thermal technology, CO2-capturing innovations in the concrete industry, green hydrogen projects, infrastructure for clean energy transactions, recycling (specifically nylon recycling) and circular economy initiatives. Dynelectro secured €11 million for advancements in renewable energy technologies, focusing possibly on energy storage or grid solutions. 280 Earth, backed by Google’s Alphabet, secured $40 million for carbon capture technology. Naked Energy raised £17 million in its Series B, emphasizing solar thermal technology. Carbon Limit received a grant of $19.5 million for CO2-capturing innovations in the concrete industry. Here’s Climate Insider’s weekly report on funding:
- Dynelectro announces the successful closing of an €11 million investment round. Read More
- 280 Earth, a carbon capture startup originating from Google parent Alphabet, has secured a $40 million deal. Read More
- Naked Energy announces £17m of new equity in the first close of their Series B, led by E.ON Energy Infrastructure Solutions. Read More
- Carbon Limit, a climate tech company revolutionizing the concrete industry with its proprietary CO2-capturing technology, was named a grant recipient of the South Florida ClimateReady Tech Hub’s recent $19.5 million funding from the U.S. Department of Commerce’s Economic Development Administration (EDA). Read More
- Germany grants €4.6 billion to 23 green hydrogen projects following EU approval. Read More
- LevelTen Energy closes a $65M Series D funding round to scale transaction infrastructure for the next phase of the clean energy transition. Read More
- Syntetica, a startup focused on nylon recycling, has secured €4.2 million in Seed funding. Read More
- SHEIN launches a €200 million Circularity Fund in the UK and the EU, alongside a commitment to invest €50 million in broader ESG efforts. Read More
- The Canada Infrastructure Bank (CIB) has completed a $100 million investment with GDI Integrated Facility Services Inc. (GDI) to finance extensive energy retrofits in aging buildings across Canada, aiming to substantially decrease their environmental footprint. Read More
- Beijing plans to invest $800 billion over the next six years to upgrade its electricity grid, addressing rising demand and supporting the transition from coal to renewable energy. Read More
Climate tech startup 44.01 secures $37 million to expand its solution for turning CO2 into rock. Read More
