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Today’s Highlights:
🔝Top Story: Ukraine’s Largest Energy Investment Since 2022 as DTEK Expands Wind Power to Supply 900,000 Homes.
💲Investment: Algebris Climatech raised €60m, Domna £70m, 4elements €27.4m, and Sonocharge $23.5M for climate and tech innovations.
🔬 Innovation: Prof. Baowen Zhou’s team developed a Zn-decorated GaN nanowire catalyst for CO2 and H2O conversion into methane and hydrogen peroxide.
🔄 Integration: D-Wave Quantum and the University of Northern British Columbia secured $1.9M to develop quantum-powered agricultural tech.
💡 Intelligence: From Trends to Predictions – What 2024 Teaches Us About 2025.
Ukraine’s Largest Energy Investment Since 2022 as DTEK Expands Wind Power to Supply 900,000 Homes
Image Credit: DTEK
Largest Private Energy Investment Since 2022
DTEK, Ukraine’s largest private energy company, announced a €450 million ($468.59 million) investment to expand the Tyligulska Wind Power Plant near the Black Sea. This project marks the biggest private sector commitment in Ukraine since Russia’s full-scale invasion in 2022 and the largest private energy investment in the nation’s history. Scheduled for completion by late 2026, the expansion will increase capacity from 114 MW to 500 MW, generating 1.7 TWh of electricity annually—enough to power 900,000 Ukrainian homes.
Strategic Financing and Partnerships
The project is financed with €370 million in state-backed loans from Denmark’s Export and Investment Fund (EIFO), with DTEK covering the rest. As part of the expansion, DTEK secured a purchase agreement with Danish wind turbine manufacturer Vestas for 64 turbines. This partnership highlights a robust international collaboration aimed at supporting Ukraine’s transition to renewable energy during a challenging period.
A Resilient Path Toward Energy Independence
The Tyligulska Wind Power Plant, operational since May 2023, represents a crucial step in modernizing Ukraine’s energy infrastructure. Following the destruction of 90% of DTEK’s thermal power plants by Russian attacks, this renewable energy pivot showcases resilience and sustainability. DTEK’s owner, Rinat Akhmetov, emphasized the project’s role in rebuilding the nation’s energy independence, signaling hope for a greener, self-reliant future. Read More
Investment Highlights of the Day
- Algebris Climatech, a new €100m-targeted fund by Algebris Investments, raised €60m in its first close to back 15-20 climate and deep tech firms in energy, materials, industrials, and food. Read More
- UK startup Domna raised £70m to decarbonize housing by retrofitting and improving energy efficiency, aiming to cut bills by 40% and boost home values by 20%. Read More
- 4elements raised €27.4m from EIF, France 2030, and others to develop high-impact climate tech solutions through venture building and co-ventures addressing climate change. Read More
- Sonocharge Energy secured $23.5M, led by Cycle Capital and Honda, to scale its acoustic wave battery tech, enabling faster charging and longer battery life for EVs. Read More
Innovation Highlights of the Day
Researchers from Prof. Baowen Zhou’s team developed a Zn-decorated GaN nanowire catalyst to convert CO2 and H2O into methane and hydrogen peroxide, advancing carbon-neutral fuel production. Read More
Integration Highlights of the Day
D-Wave Quantum and the University of Northern British Columbia secured $1.9M in funding to develop a quantum computing-powered agricultural technology, with a total project cost of $4.9M. Read More
Climate Insider Intelligence: From Trends to Predictions – What 2024 Teaches Us About 2025
In 2024, the sustainability sector saw groundbreaking investment shifts, with energy securing the largest share, followed closely by carbon management advancements. Key players like Atlas Renewable Energy and Heimdal are leading the way, setting a dynamic stage for 2025’s climate tech innovations. From battery storage to carbon capture, hydrogen infrastructure to circular economy solutions, the funding landscape is evolving rapidly. Discover the key insights and predictions shaping the future of climate investments and the path toward a net-zero world in 2025. Read More
