BloombergNEF’s Post

CarbonCure Technologies, a Canadian concrete carbon removal startup, raised an $80M round led by Blue Earth Capital AG. The new funding is anticipated to enable the company's carbon dioxide removal (CDR) technology to achieve a worldwide presence, allowing CarbonCure Technologies to play a more significant role in decarbonizing the concrete industry. Simultaneously, it will also facilitate the expansion of their supply of high-quality, verified carbon credits. Robert Niven, Chair and CEO of CarbonCure Technologies said: “The financial backing of this special syndicate of investors is an exciting endorsement of CarbonCure as a go-to solution for low embodied carbon concrete, a leader in carbon removal technologies and a provider of the highest quality carbon credits in the voluntary carbon market.” More information available at-https://lnkd.in/dDuT7_yj. #climatetech #carbonreduction #carbonmarkets #concreteindustry #techforgood

#fundingalert 💼Company: TES 💰Funding:  €140Million ⚡Round: Third Round 👥Investors: Existing shareholders, AtlasInvest, Reggeborgh, Zhero and Zodiac Maritime. A multinational leader in the manufacturing of green hydrogen-based e-NG, TES is a leader in the field of sustainable energy. Tree Energy Solutions, a European-based company, is dedicated to providing everyone with dependable, reasonably priced green energy by executing large-scale projects through the application of a tried-and-true, scalable, and economical approach. This new capital will be used to develop TES’ global portfolio of green energy production and import projects. The fundraising attracted a global investor base comprising leading financial institutions and energy investors, including Azimut Group, Fortescue, E.ON, HSBC, O.G. Energy, Zhero and others. Marco Alvera', Paul van Poecke, Marcel Van Poecke, Marco Alvera', Cynthia Walker, Alexandra Pieton, Jens Schmidt, Natalie Jackson, Yves Vercammen Read more - https://lnkd.in/gVUX_YUv To share your startup story write us on - contact@startuprise.co.uk #TreeEnergySolutions #economical #financial #global #funding #fundingnews #startupnews #news #startuprise

Its great to be back in Singapore and see the sovereign wealth funds GIC and Temasek team up to invest in Sweden-based H2 Green Steel, raising €1.5 billion in equity to build the world’s first green steel plant – large-scale green steel plant and Europe first giga-scale electrolyzer. In the largest private placement in Europe this year, H2 Green Steel has raised about €1.5 billion in equity from an investor group led by Altor, GIC, Hy24 and Just Climate. The round will finance the world’s first large-scale green steel plant and Europe’s first giga-scale electrolyzer. This green steel deal follows the recent Boston Metal raise where Aramco Ventures participated! #fundraising #greensteel #sweden #singapore #sovereignwealthfunds #institutionalinvestors #gic #temasek #startups #climatetech https://lnkd.in/ez8THRvn

VoltR, a French manufacturer of sustainable lithium batteries, has raised €4 million in a seed funding round that included C4 Ventures, Exergon, Pays de la Loire Participations, and ANJOU AMORCAGE, and more. VoltR will use the proceeds to continue the development of a pilot plant, industrialise its refurbishment processes, carry out research and development, and for new hires. In addition to the seed funding round, VoltR has launched a Series A funding round of ‘several tens of millions of euros’, which is expected to close by Q4 2024. “Our aim is to build a European circular economy for lithium batteries in order to minimise their environmental impact,” said Alban Regnier, President and Founder of VoltR. “The largest lithium deposit is not buried within mines, but rather found in our homes.” Founded in 2022, VoltR manufactures batteries for a variety of applications from used products that retain 80% of their storage capacity on average. VoltR has raised a total of €2 million in seed capital and a further €2 million as a combination of debt and grants. #cleanenergy

As summer is coming to an end, the topic #Energy is becoming more prevalent. This week we are presenting the #Top #Ten #Energy companies and startups in Hannover. Among them are: Solarcontact GmbH is a platform providing information about solar energy systems and providers. Energie-Admin AG helps to guide you safely through the energy law jungle, where there are tax, legal, technical, and business pitfalls. Mundt GmbH Hannover supplies Hannover with power, electricity, oil, wood pellets, and other energy sources. Follow the link for the full list: https://lnkd.in/gaaetfN7 #energie #hannover #companies #startups #istari #artificialintelligence

Its time for our weekly M&A Round up! 🛠️ Hudaco Industries Ventures into Plastic-Weld: Hudaco Industries is set to acquire Plastic-Weld, a prominent importer of plastic welding equipment. With a purchase consideration of R56 million, this strategic move aligns with Hudaco's expansion plans. 🌍 Copper 360 Expands Footprint: AltX-listed Copper 360, a major copper producer in South Africa, has sealed a R200 million deal to acquire Nama Copper from Mazule Resources. Positioned near Copper 360's Nababeep operations, Nama Copper's flotation plant is set for revival. 🏢 Delta Property Fund's Strategic Shift: Delta Property Fund is divesting its property, Smartxchange, located in Durban, for R46 million. This follows the termination of the deal with Ubud Development earlier this year, showcasing Delta's adaptive strategy. Unlisted Companies Making Waves: 🚛 GoMetro Secures $11.5M for Expansion: GoMetro, a local fleet management startup, has raised $11.5 million in a Series A round. Focused on digitizing commercial transport operations, the funding will propel GoMetro's EV fleet management platform in key markets including the UK, US, and South Africa. 🔄 EnviroServ Takes Full Control: EnviroServ has acquired the remaining 50% stake in Vissershok Waste Management Facility, solidifying its position in waste treatment and disposal in Cape Town. Financial details remain undisclosed. Strategic moves and innovative funding are shaping the landscape. Stay tuned for more updates in the dynamic world of M&A! 🚀 #InTheMoney #FinanceSimplified #MergersAndAcquisitions #BusinessExpansion #FinanceNews

🌎 Climate tech #startups that raised capital last week 👇 With more than 50 deals logged on the Net0 platform last week, we recorded some significant deals. Here's a list of the top seven deals: 🔌Canada, Québec-based FLO EV Charging, providing EV charging solutions for residential and public usage, raised $99M in a Series E round from Export Development Canada | Exportation et développement Canada, Caisse de dépôt et placement du Québec (CDPQ), Investissement Québec, BDC, Energy Impact Partners, and MKB & Co. 🌞Switzerland, Zurich-based candi solar, an energy company that offers a comprehensive solar solution for businesses, raised $38M in a Series C round from Norfund, Kyuden International Corporation, and STOA Infra & Energy. 🔋United Kingdom, Cambridge-based Echion Technologies, developing high-power anode materials for Li-ion batteries, raised $36.9M in a Series B round from Volta Energy Technologies, CBMM, BGF, and Cambridge Enterprise. 🌊Ireland, Louth-based XOCEAN, developing autonomous marine vessels for efficient ocean data collection, raised $32M in a Series B round and Debt financing from European Investment Bank (EIB), VentureWave Capital, Endeavor, and Enterprise Ireland. ☀️United States, San Carlos-based Swift Solar, developing and manufacturing perovskite tandem photovoltaics, raised $27M in a Series A round from Eni Next, Fontinalis Partners, Good Growth Capital, HL Ventures, and Toba Capital among others. ⚡United Kingdom, Edinburgh-based FOR EV, offering fast charging and rapid charging stations, supplying charge point requirements to help clients reduce carbon emissions, raised $12.7M in Growth Equity from The Scottish National Investment Bank. 🔋United States, San Diego-based UNIGRID Battery, developing sodium-ion batteries for stationary and e-mobility applications, raised $12M in a Series A round from Transition and Foothill Ventures among others. #climatetech #netzeroinsights #venturecapital #funding

We are excited to share that an Australian startup, Hysata, has raised US$111 million to enhance green hydrogen production, making it more affordable and efficient. This funding round marks a significant milestone in the effort to reduce the cost of emissions-free hydrogen, a crucial step toward a sustainable energy future. This Series B round was co-led by bp Ventures and Templewater. We are thrilled to be investing alongside existing investors IP Group plc Australia, Kiko Ventures, Hostplus, and Vestas and new investors bp Ventures, POSCO, Shinhan Financial Group Co., Ltd., IMM Investment Hong Kong, Oman Investment Authority, Twin Towers Ventures (TTV), Virescent Ventures and TelstraSuper to enable the growth and commercialisation of this incredible technology! At Templewater, we are proud to support such innovative technologies that align with our commitment to sustainability and economic viability. This advancement underscores the transformative potential of green hydrogen in achieving global decarbonization goals. For more details on this groundbreaking development, read the full article on Bloomberg: https://lnkd.in/gj5_6cNS #GreenHydrogen #Sustainability #Innovation #CleanEnergy #Templewater #Decarbonization

Sweden's innovative financing approach for green businesses breaks barriers in emerging green industries. Investors Harald Mix and Carl-Erik Lagercrantz spearhead a game-changing playbook, exemplified by ventures like H2 Green Steel and Northvolt. Their strategy—lining up customers first—differs from typical startups, leveraging commitments from customers to raise substantial funds. By prioritizing green hydrogen-powered steel and battery production, these ventures have attracted major investors and customers like Volkswagen, aligning with Scandinavia's hydroelectric power for added sustainability. Mix and Lagercrantz's method aims to create predictable demand for green technologies while reducing costs and ensuring profitability. Despite existing challenges and competition, their approach has already secured billions in investments for revolutionary projects. Beyond steel and batteries, their vision extends to heat pumps and potential opportunities in other industries, aiming to make a significant impact on global emissions. The success of their financial model sets a precedent for green manufacturing businesses and underscores the immense investment potential in the energy transition. #GreenFinance #SustainableInvesting #RenewableEnergy #CleanTech #ClimateAction #GreenEconomy #CarbonNeutral #Innovation

Our January 2024 round-up newsletter includes sustainable investment news on the over $659 million raised by cleantech companies Electra, INERATEC , Instagrid,  Sion Power Corporation and Soly. https://bit.ly/480tFz6 Investors include: PGGM, Bpifrance, Eurazeo, RIVE Private Investment, SNCF group (through 574 Invest), Serena, Piva Capital, HG Ventures, TDK Ventures, Copec WIND Ventures, RockCreek, Emerald, Samsung Ventures, ENGIE New Ventures, SAFRAN CORPORATE VENTURES, Honda, Planet A Ventures, MPC, HTGF | High-Tech Gründerfonds, FO Holding, Teachers’ Venture Growth (TVG), Morgan Stanley Investment Management (1GT climate private equity strategy), Energy Impact Partners, SET Ventures, blueworld.group, Segnalita Ventures, Wille Finance AG, Pierre-Pascal Urbon, LG Energy Solution (through LG Technology Ventures and Bricks Capital Management), Euclidean Capital, Hillspire, ArcTern Ventures, Fifth Wall, Shell Ventures, ABP. This month's featured innovation is the ZEEtug from NAVTEK NAVAL TECHNOLOGIES INC.. This first all-electric, zero-emission harbour tugboat reduces maritime transport emissions and protects marine life with up to three hours of operation per charge. Subscribe to our monthly newsletter to learn about these and future sustainable investments. #sustainableinvestment #EndowCapital #sustainablefinance #cleantech #innovation #zeroemission