Welcome to Climate Tech Pulse, your daily source of market intelligence for businesses and investors navigating the rapidly evolving landscape of climate tech solutions. From groundbreaking investments to breakthrough innovations cutting-edge, we’re bringing you the top stories on climate tech that are shaping collective futures.
Don’t miss out on tomorrow’s climate solutions – subscribe now to stay ahead of the curve! https://lnkd.in/dwr7B9XJ
Today’s Highlights:
🔝Top Story: Crusoe Energy Systems Raises $600M to Power Sustainable AI Revolution with Clean Energy Data Centres.
💲Investment: South Korea invests in clean tech, Modern Hydrogen raises $25M, Schroders and BlueOrchard commit $5M to Africa, and Brightly gets $2.3M for food waste carbon credits.
🔄 Integration: LS ELECTRIC and KHNP partner on SMR tech, Vietnam and GGGI launch a green growth plan, and Hysata and POSCO collaborate on green hydrogen.
💡 Intelligence: 15 Notable Green Tech Companies & Startups in 2024.
Crusoe Energy Systems Raises $600M to Power Sustainable AI Revolution with Clean Energy Data Centres
Image Credit: Crusoe Energy
Crusoe’s $600M Series D: A Leap in Sustainable AI Infrastructure
Crusoe Energy Systems has secured $600M in Series D funding, propelling its valuation to $2.8B. The round, led by Founders Fund and supported by Nvidia, Fidelity, Mubadala, and others, positions Crusoe to scale its clean energy-powered data centres. Originally focused on mitigating methane emissions through natural gas flaring solutions, Crusoe now aims to meet the surging energy demand for generative AI and machine learning while aligning with sustainability goals.
AI-Powered Data Centres: A Clean Energy Breakthrough
Crusoe’s clean energy data centres harness stranded and waste energy to power energy-intensive AI workloads. Facilities like the new 998,000-square-foot Abilene centre, capable of housing 100,000 GPUs and delivering over 1.2 gigawatts of power, highlight this shift. By reducing flaring and emissions, Crusoe offers a scalable solution to the environmental challenges posed by AI, ensuring cost-effective computing aligned with global climate goals.
Global Expansion and Industry Support
Backed by major players like Nvidia and armed with partnerships with Deloitte and Vast Data, Crusoe is scaling operations across nine U.S. states and three countries, including Iceland. With 15 gigawatts of clean energy projects in development, the company’s Crusoe Cloud platform delivers accessible high-performance computing for AI research and industries like healthcare and autonomous vehicles. Crusoe’s vision of combining innovation with environmental stewardship continues to gain traction as the AI sector expands. Read More
Investment Highlights of the Day
- South Korea will invest 2.7 trillion won in 2025 to advance renewable energy, hydrogen, and nuclear tech, aiming for carbon neutrality by 2050. Read More
- Modern Hydrogen raised $25M to advance its methane pyrolysis tech, producing clean hydrogen fuel and solid carbon for industrial use. Read More
- Schroders Capital and BlueOrchard committed $5M via GEIF to AIIF4 to support climate-focused infrastructure projects in Africa. Read More
- Brightly raised $2.3M in seed funding, led by Schreiber Foods, to convert food waste into carbon credits supporting food rescue organizations. Read More
Integration Highlights of the Day
- LS ELECTRIC and KHNP signed an MOU to develop SMR-based Smart Net-zero City technology, focusing on energy solutions, AI data centers, and power grids. Read More
- Vietnam and GGGI launched the 2024-2028 Country Planning Framework to support green growth, net-zero emissions, and climate action through sustainable investments and projects. Read More
- Hysata and POSCO signed agreements to advance green hydrogen electrolyser technology, aiming to reduce steel industry emissions through collaboration and commercialization. Read More
Climate Insider Intelligence: 15 Notable Green Tech Companies & Startups in 2024
In the world of green tech, where weird and wild innovations are the norm, startups are pushing the boundaries of what’s possible—and often, what’s downright bizarre. From electric aircraft to steaks made by microbes, these game-changing technologies aren’t just dreams, they’re the future of our planet’s survival. But transforming these innovations from quirky concepts to mainstream solutions is no easy feat. So who’s leading the charge in this rapidly growing field? Dive into our list of the most exciting GreenTech companies and startups—where creativity meets sustainability—and discover how they’re tackling some of the planet’s biggest challenges. Read More
