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Today’s Highlights:
🔝Top Story: Calgary’s Longbow Capital has closed the first phase of its Longbow Energy Transition Fund II, securing $150 million of its $250 million target.
💲Investment: Axeleo Capital raised €125M for greentech, Mainspring Energy secured $95.6M for a Pittsburgh facility, and Numat received $525K to innovate bamboo processing.
🔬 Innovation: Space Solar plans a space-based solar plant by 2030, SMRs could cut U.S. emissions by 59 million tons, and Pacific Fusion advances nuclear fusion with $900M funding.
🔄 Integration: The UK launched a £1B low-carbon heat network to cut 75,000 tonnes of CO2 annually, and Mizuho Bank took a stake in Pollination to boost global decarbonization efforts.
💡 Intelligence: Goldman Sachs’ Path to Net Zero by 2070 – Comprehensive Analysis of Investment, Challenges, and Technological Shifts.
Today’s Top Story: Longbow Capital Secures $150M Initial Close for Energy Transition Fund II, Eyes $250M Target
Longbow Capital Launches Energy Transition Fund II
Longbow Capital, a Calgary-based private equity firm, has successfully closed the first phase of its Longbow Energy Transition Fund II, securing $150 million in commitments towards a $250 million target. The fund is supported by anchor investors BDC Capital, TD Bank Group, and Caterpillar Ventures, and aims to invest in North American businesses focused on reducing carbon emissions and driving the energy transition.
Investment Focus and Initial Backing
The fund’s primary goal is to back companies contributing to sustainable and low-carbon energy solutions. Longbow has already made its first investment in VoltaGrid, a company specializing in modular, low-carbon power generation for industries like energy, mining, and data centers. Tyson Birchall, Managing Director at Longbow, highlighted the growing demand for power, driven by trends like electrification and manufacturing reshoring, which provide fertile ground for energy transition innovations.
Investor Confidence and Long-Term Strategy
Key investors, including BDC Capital and TD Bank Group, have expressed strong confidence in Longbow’s approach. BDC Capital praised the firm’s experienced team and its ability to empower growth-stage businesses tackling environmental challenges. With a clear strategic focus on scalable, decarbonization-driven solutions, Longbow Capital is poised to seize opportunities in the shifting energy landscape. Read More
Investment Highlights of the Day
- Axeleo Capital has closed a €125M greentech fund, backed by Crédit Mutuel, Bpifrance, and Veolia, to invest in innovative green technologies across sectors like energy, chemicals, agriculture, and mobility, with an initial focus on osmotic energy startup Sweetch Energy. Read More
- Mainspring Energy has received $87 million from the US Department of Energy, supported by the Bipartisan Infrastructure Law, to build a 300,000-square-foot manufacturing facility in Pittsburgh, creating over 600 skilled jobs for producing fuel-flexible power generators, with an additional $8.6 million from Governor Shapiro. Read More
- Numat, backed by Wavemaker Impact, is revolutionizing bamboo processing with a $525,000 investment, introducing mobile units and a franchise-style program to empower local landowners, reduce carbon emissions, and drive sustainable community growth. Read More
Innovation Highlights of the Day
- Space Solar, in partnership with Transition Labs and Reykjavik Energy, is set to launch the first-ever space-based solar power plant by 2030, delivering 30 MW of clean, reliable energy to Iceland and accelerating the global transition to sustainable energy. Read More
- Small modular nuclear reactors (SMRs) are gaining traction with major tech companies investing in the technology, and new research from the University of Michigan highlights their economic viability and potential to cut U.S. carbon emissions by 59 million metric tons by 2050, despite challenges in cost and deployment. Read More
- Pacific Fusion, founded in 2023 with $900 million in backing, is developing scalable nuclear fusion technology using pulsed magnetic inertial fusion to provide affordable, clean energy and aims to achieve net facility gain for commercial viability. Read More
Integration Highlights of the Day
- The UK has launched a £1 billion low-carbon heat network project in Westminster, set to decarbonize local heating through innovative, waste-heat-sourcing technologies, saving 75,000 tonnes of CO2 annually and creating 500 jobs. Read More
- Mizuho Bank has acquired a minority stake in climate solutions firm Pollination, forming a strategic partnership to support decarbonization efforts and accelerate Pollination’s global expansion. Read More
Climate Insider Intelligence: Goldman Sachs’ Path to Net Zero by 2070 – Comprehensive Analysis of Investment, Challenges, and Technological Shifts
The path to achieving net zero emissions by 2070 requires an unprecedented $74 trillion investment in infrastructure, technology, and innovation. Goldman Sachs’ updated projections highlight critical sectors—power networks, electric vehicles, and industrial processes—that will drive this financial outlay. But with emerging technologies like clean hydrogen and carbon capture lagging behind, how can we meet this ambitious goal? Explore the key technological advancements, sectoral challenges, and strategic shifts necessary for a sustainable future. Read more to uncover the scale of investment needed for a realistic net-zero pathway. Read More
