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Our Executive Director Tobias Lechtenfeld was featured in yesterday's Tagesspiegel Background Sustainable Finance on the topic of #guarantees 💡📰 The article describes why young climate tech #startups need guarantees for scaling up innovative technologies. As Tobias Lechtenfeld states, the most important thing is that #climate tech startups also build factories and "if we can't do that, then we won't achieve a climate transition." It is precisely the transition from successful #pilots to series production on an industrial scale that causes plant manufacturers the greatest difficulties. To address the financial needs for scaling, the recently announced guarantee scheme of the European Investment Bank (EIB) for the wind industry should therefore be extended to other strategic #netzero technologies. In the case of startups with market-ready products, Tobias Lechtenfeld considers public guarantees to be much more efficient than state capital investment. "I can set more in motion with many smaller tranches." Tech for Net Zero, together with the Energy Resilience Leadership Group and other strategic partners published an open letter on the extension of the EIB's wind guarantee scheme to other key #cleantech sectors. The letter can be found on the ERLG website: https://lnkd.in/gNihbWHU 👉 Read the full article (€) by Thomas Wendel (Tagesspiegel Background) here: https://lnkd.in/e-a22gR6 #TechforNetZero #TechforChange #Europe #EU #Climate #Innovation #Funding #Finance #Investment #LDES #Hydrogen #PV #Solar #Renewable #TRL #VentureCapital #Equity #Debt #Banking Breakthrough Energy Deutsche Energie-Agentur GmbH (dena) Tobias Lechtenfeld Pia Dorfinger Ann Mettler Philipp Offenberg Maria Leis Julian Joswig Dr. Hannah Schragmann René Böhm

📰Op-ed: unleashing the UK’s cleantech potential 📰 2023 was a year of global economic volatility – inflation, geopolitical uncertainty and rising interest rates.  At the same time, a beacon of hope for the UK’s economy in this daunting climate was the cleantech community. Today, our Director Sarah Mackintosh publishes this op-ed on illuminem’s ‘Voices’ section, breaking down the findings of our recent report examining the cleantech investment data for 2023. Sarah shares how the UK is doing compared to other key economies around the world, and argues in favour of: 💷 Unlocking funding for cleantech 📋 Developing an enabling regulatory framework 🎯 Focusing on strategic sectors. The UK is home to an unparalleled ecosystem of innovators and investors. By clearing out these last hurdles for such trailblazers, we can usher in a new era of clean industrial leadership and fundamentally revitalise our economy. It is a generational opportunity, and we owe it to future generations of British workers to seize that opportunity while we still have the chance! Thanks to Illuminem and Maria Rugamer for hosting this piece. https://lnkd.in/e3-uvwGG

Cleantech for UK recently released the Progress Report for 2023, analysing the trends of last year’s cleantech investment in the UK. Very pleased to announce that I was offered the chance to expand on the topic via this op-ed, published this morning in illuminem.  The cleantech sector defied global headwinds, economic volatility and a general downturn in #venturecapital across the world. However, most of these investments are in the earlier stages of company growth.  Once an innovator reaches the crucial ‘first-of-a-kind’ (#FOAK) stage, they enter the so-called valley of death. At that point, they need to raise unprecedented volumes of cash, often in the hundreds of millions to put shovels in the ground and build their first commercial-scale factories. Currently, British-borne companies struggle to raise this kind of capital in the country, and so must look abroad for funding. By unlocking this funding, developing an enabling regulatory framework and focusing on strategic sectors in which the UK has a competitive advantage, we can usher in a new era of British industrial leadership. In the real economy, this will translate to many thousands of well-paid, safe and stable jobs across the entire United Kingdom.     Thank you Maria Rugamer for your collaboration!   https://lnkd.in/e7QkhJBF 

Cleantech for UK has released its Progress Report for 2023, taking stock of #VentureCapital #investment into the UK’s #cleantech sector as well as relevant policy developments. Clenatech for UK's Director Sarah Mackintosh led research on the report, which is based on Cleantech Group’s proprietary VC investement data. Key insights include:   💷  2023 UK cleantech VC investment closed at £2.6 billion, matching 2021 levels and falling just slightly shy of 2022   📈 The UK’s buoyant cleantech sector defied global economic headwinds and an overall decrease in VC investment   ⚡ 2023 was the year of Energy and Power, as the sector garnered over £1 billion of investment  ⚠ A key barrier to scale cleantech is the dearth of available capital at the crucial first-of-a-kind (#FOAK) stage    Thanks to everyone who contributed to this report!  Joel Boehme Zach Sporn Sasha B. Ian Hayton Anthony DeOrsey Jr. Julia Reinaud Tom Rollason

After day 1 of Cleantech Capital Day, one thing is clear. There is such strong and exciting momentum in our ecosystem🌍🚀   But let's not forget about the challenges ahead: how can we ensure that more disruptive innovations successfully navigate the "valley of death" as they scale? 💡💼 💪 Tomorrow, we'll discuss strategies to support budding ventures and accelerate their growth. Together, we can foster a collaborative environment that nurtures innovation and drives positive change. Don’t miss this important discussion with Mala Valroy Peter Wolpert 🇺🇦 (Industrifonden) Ingvild Meland (Nysnø Klimainvesteringer) Toni Mikkonen (Ilmastorahasto - The Finnish Climate Fund) Johan Bitsch Nielsen ( Danmarks Eksport- og Investeringsfond)    🔍📆 #CleantechScandinavia #Innovation #ClimateTech #CCD2024 #Sustainability 🌿🌐 

PANEL DISCUSSION: Attracting Capital for Climate Tech Start-Ups | Wednesday February 21 The race towards achieving net-zero emissions hinges on the development and widespread adoption of climate technologies. The International Energy Agency estimates that 45% of the technologies needed to help global economies achieve net zero targets by 2050 are either underdeveloped or at a low level of technology readiness. As the urgency of the climate crisis intensifies, the increased capital and investment for clean energy start-ups has become more crucial than ever. Governments, policymakers, venture capitalists, financial institutions, and investors are actively exploring new ways to mobilise funding for the climate tech start-up market. Attendee Insights: Venture capitalists, investors, and financial experts will share insights on the key factors that attract investors to climate tech start-ups and the challenges entrepreneurs face in securing funding. SPEAKERS: Youssef Salem, Chief Financial Officer, ADNOC Group Drilling Helmy Ghazi, CFA Deputy CEO & Head of Global Banking Egypt, HSBC Ziad ElAdawy, Co-founder and Chief Commercial Officer, Octane Amr Helmy, Co-Founder & Chief Technology Officer, Shift EV Mohamed Fahmy, Managing Partner, Sequence Ventures MODERATOR: KARIMA 👼🏽 El Hakim 🎈🧸🐪, Country Director Egypt, Plug and Play Tech Center The EGYPES 2024 CLIMATECH Challenge encompasses a rich programme of keynote speeches, panel discussions and start-up pitches – gathering global energy industry visionaries, investors, change-makers, and emerging start-ups to showcase the critical innovations and groundbreaking climate technologies that are accelerating decarbonisation and supporting the transition to clean energy sources. Delegate Registration: https://bit.ly/453W5ra Climatech Challenge Conference Brochure: https://bit.ly/3YUUXUG Climatech Challenge Conference Speakers: https://bit.ly/3Z5h6j1 #EGYPES2024 #Decarbonisation #ClimateTechnology #StartupFinancing #VentureCapital #NetZero

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Investing in #ClimateTech: A Call to Action 🌍💼 As the CFO of Future Energy Ventures, I'm deeply committed to steering our investments towards a decarbonized future. Today, I'm addressing a critical question: Who should invest in ClimateTech and why? Identifying the Visionaries: In the realm of ClimateTech investment, it's essential to identify investors with a visionary outlook. Those who see beyond immediate returns and prioritize the long-term impact of their investments are poised to drive meaningful change. Supporting Emerging Talent: ClimateTech is a nascent field, and as such, it lacks the depth of expertise seen in more established sectors. However, this presents an opportunity for investors to support emerging talent and nurture promising initiatives. Investing in ClimateTech means backing passionate teams and visionary leaders who are dedicated to making a positive impact on the planet. Valuing Potential over Pedigree: Unlike traditional investment sectors, ClimateTech may not boast a plethora of experts or established names. However, this shouldn't deter investors. Instead, it's an invitation to prioritize potential over pedigree. Investing in ClimateTech requires a mindset that values innovation and disruption, even in the absence of extensive track records. Driving Positive Change: Ultimately, investing in ClimateTech isn't just about financial returns—it's about driving positive change for the planet. By supporting ventures that are dedicated to sustainability and decarbonization, investors can play a vital role in shaping a greener, more resilient future. To all investors, I urge you to consider the transformative potential of #ClimateTech and to join us in supporting the innovators and trailblazers driving progress in this vital space. Together, let's pave the way for a greener, more sustainable future. 💪 #ClimateTech #Sustainability #FutureInvestments #Decarbonization #Empowerment #Innovation

As a member of the Cleantech for UK investor coalition, we’re delighted to highlight the publication of the initiative’s new Charting the Progress report, which looks at the state of cleantech VC investment in 2023.   The report highlights the sector’s resilience in 2023 despite the global venture capital downturn and sets out clear recommendations to boost private investment, foster growth, and guide the UK towards its climate targets from an investment, innovation, and policy perspective.   Future Planet Capital is proud to champion cleantech solutions through its investments in companies such as Rovco, Pragmatic and Tokamak Energy . Find out more about the UK’s cleantech ecosystem and the details of the report below.   #cleantech #netzero #venturecapital #impact #investing | UK Innovation & Science Seed Fund Midven

💡 UK Cleantech 2023 in Review: charting the progress 💡 Today we launch our latest report taking stock of the last year in cleantech investments, as well as relevant policy developments. Read the full report via the link below! In 2023, Cleantech VC investment in the UK closed at £2.6 billion, matching 2021 levels but slumping off slightly year-on-year compared to 2022. This demonstrates the resilience and dedication of the cleantech community, which persevered through inflationary pressures and geopolitical uncertainty. Further takeaways from our report: 📈 UK cleantech VC investments remained a standout performer against the backdrop of a decline in broader VC investments and global economic volatility. ⚠ Raising growth capital at the critical first-of-a-kind (FOAK) stage remains a formidable challenge for UK cleantech innovators. ⚡ 2023 was all about energy and power: the sector received over £1 billion of investment last year. 🏛 Political turbulence has spurred political parties to scale back climate ambitions, resulting in an uncertain investment environment. 🗳 While there were some promising policy developments in 2023, a large number of outstanding questions remain, which are likely to be put on hold until after the next General Election. Shout-out to the top ten cleantech innovators which closed the largest deals last year: Octopus Energy, Pragmatic, Infogrid, TopHat, Cornish Lithium Plc, Sylvera, Envisics, Open Cosmos, Hometree 2023 also saw some promising newcomers raise large rounds, including Letoon Holding Ltd, twig, Elyos Energy, Axle Energy, and Preoptima. Finally a huge ‘thank you!’ to everyone who contributed to this report: Sarah Mackintosh, Sasha B., Joel Boehme, Ian Hayton, Julia Reinaud, Tom Rollason, Anthony DeOrsey Jr., Zach Sporn Todd Allmendinger Richard Youngman Jules Besnainou