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Climate Tech

All articles tagged with #climate tech

Tech giants fund startup push to cool data centers and cut emissions
technology3 days ago

Tech giants fund startup push to cool data centers and cut emissions

Elemental Impact is leading a new climate initiative backed by Breakthrough Energy and Builders Vision, with Microsoft involvement, to invest between $500,000 and $5 million in up to 10 startups through 2027. The goal is to pilot data-center innovations—such as advanced cooling, energy storage, and green building materials—and connect startups with developers to speed deployment, while also engaging communities and exploring potential broader funding. The effort emphasizes accelerating climate tech in data centers rather than funding expansion directly, and may expand beyond 2027 if successful.

via Axios|
#breakthrough-energy#climate-tech#data-centers
Microsoft Pauses New Carbon Removal Purchases, Reshaping Industry Outlook
business1 month ago

Microsoft Pauses New Carbon Removal Purchases, Reshaping Industry Outlook

Microsoft has begun telling suppliers it is pausing future carbon removal purchases, a move that could stall demand for the nascent industry that has relied on Microsoft as its biggest buyer (about 45 million tons historically and roughly 90% of recent purchases). The company says the pause isn’t indefinite and will be reassessed in light of market conditions as it pursues carbon-negative goals by 2030 and net-zero by 2050. The development comes amid mixed U.S. funding for carbon removal, potentially impacting industry growth.

via Heatmap News|
#business#carbon-credits#carbon-removal
Google Backs Danish Startup Again with $43M to Turn CO2 into Green Chemicals
climate-tech1 year ago

Google Backs Danish Startup Again with $43M to Turn CO2 into Green Chemicals

Google Ventures has invested in Danish climate tech startup Again, which has raised $43 million in Series A funding to develop technology that converts carbon dioxide emissions into valuable products like plastics and paints. Founded in 2021, Again aims to begin operations by 2025 or 2026, leveraging research from top universities to scale its carbon capture and conversion technology.

via Fortune|
#carbon-capture#climate-change#climate-tech
VC firms form UN-backed alliance to guide startups towards net-zero.
climate-tech3 years ago

VC firms form UN-backed alliance to guide startups towards net-zero.

More than 20 venture capital firms, including Tiger Global and Union Square Ventures, have formed the Venture Climate Alliance (VCA) to increase commitments to climate tech and ensure net-zero emissions by 2050. The VCA will guide portfolio companies on how to decarbonize their operations and require generalist VC firms to align their early-stage startup bets with net-zero goals. The UN has approved the VCA as part of its Race to Zero campaign, and the alliance will fall under the Glasgow Financial Alliance for Net Zero (GFANZ). The VCA aims to amplify efforts by tech startups and their venture backers to combat the climate crisis with new technologies.

via CNBC|
#climate-crisis#climate-tech#net-zero-emissions
finance3 years ago

Tech startups reevaluate banking options amidst industry instability.

The collapse of Silicon Valley Bank (SVB), the second-largest bank failure in US history, has left a "massive hole" in the climate tech startup ecosystem, according to investors. SVB was known for its relationships and expertise in climate tech, and its collapse has left companies and their VC backers uncertain about whether they will be able to access specialty banking services that cater to early-stage companies not yet turning profits. While climate tech funding has tapered off, it is holding up relatively better when compared to the decline in broader VC funding, which fell 53% globally year over year.

via Yahoo Finance|
#banking-crisis#climate-tech#finance
SVB's Green Investments Lead to Funding Questions and Earnings Delays.
politics3 years ago

SVB's Green Investments Lead to Funding Questions and Earnings Delays.

The collapse of Silicon Valley Bank (SVB) was shaped by government handouts to climate-tech and sustainability startups, which skewed the bank's clients in one direction, according to The Wall Street Journal. Meanwhile, Florida Gov. Ron DeSantis held a press conference to correct a misleading narrative about book bans, while President Biden's "forever war" approach to Ukraine is misguided, argue Mark Toth and Jonathan Sweet at The Hill. The Federalist's David Harsanyi blames Biden for SVB's collapse, saying he dismissed warnings of inflation and signed off on trillions in new spending.

via New York Post |
#climate-tech#joe-biden#politics