Current Climate: Funding For Carbon-Reduction Tech Hits $4.2 Billion
Venture capital investment slowed down in 2022 for many industries after reaching new highs in 2021, but that wasn’t the case for carbon mitigation. Last year investors pumped nearly $4.2 billion into startups working on technology to reduce CO2 emissions, up from $3.6 billion in 2021, according to PitchBook. The number of deals also increased […]
OGCI Climate Investments continues to back Svante, a new unicorn, in latest funding round
OGCI Climate Investments (CI) participated in recent $318 million funding round for breakthrough carbon capture and removal technology provider, Svante The funding round, largest for a point source carbon capture technology provider, values Svante over $1 billion, making it CI’s second portfolio company with unicorn status CI initially invested in Svante in 2018, with additional […]
Clean-Energy Funding Stayed Strong in Weak Market | The Wall Street Journal
Volatile markets and big selloffs for speculative stocks hardly slowed funding for clean-energy projects this year. Some investors are betting on a boost in 2023 as Washington’s climate and spending legislation kicks in.
After a record-setting period for green finance, fundraising has slowed slightly but is still well ahead of levels from a few years ago. Big companies have raised about $1.15 trillion in green and sustainability-linked bonds and loans in 2022, down from 2021’s record of $1.3 trillion but more than double the 2019 and 2020 figures, Dealogic data show.
Startups have privately raised about $47.5 billion in equity, down from roughly $55 billion in the previous year but also well ahead of the pace from a few years ago, according to PitchBook. Funding for clean-energy projects and companies slowed less in both categories than it did for the broader market.
The 10 biggest funding rounds for Pacific Northwest startups in 2022 | GeekWire
Venture capitalists slowed investments this year in response to the cooling economy. But some startups were still able to secure large sums of cash.
The top 10 funding rounds across the Pacific Northwest in 2022, listed below, highlight companies that were able to attract venture capital dollars despite rising interest rates and tumbling public tech stock valuations.
Investment in startups slowed in the latter half of this year while investors advised portfolio companies to cut expenses and preserve cash. Hundreds of startups have laid off employees in recent months
Chevron leads $318 mln raise for carbon capture tech firm Svante | REUTERS
U.S. oil company Chevron has led a $318 million fundraising round for Canada-based Svante, which develops filters to capture industrial carbon emissions for storage or reuse, the companies said
Money Talks: How government procurement can drive down emissions and boost Canadian industry
When one thinks about carbon emissions, images of spewing smokestacks or tailpipes likely come to mind. But there is a pollution problem hidden in the built environment around us, from the buildings we live in to the roads we drive on. A seventh of the world’s carbon emissions are associated with building materials like steel, […]
La Saskatchewan à l’avant-garde du captage de CO2 | Radio-Canada
L’une des plus anciennes usines de captage de dioxyde de carbone dans le monde se trouve à Estevan, dans le sud-est de la Saskatchewan. Ceci rend la province à l’avant- garde dans le captage de CO2 à l’échelle commerciale selon le président-directeur général de Svante, Claude Letourneau.
Can negative emissions technology clear the air without costing the Earth? | ChemistryWorld
Canadian firm Svante has been working with BASF to scale production of its MOF sorbent developed for CCS at cement and hydrogen plants. It says the quantity of sorbent required at a typical cement capture plant is around 200 tonnes.
Startup accelerator MaRS launches climate program backed by KPMG | The Globe and Mail
Beyond the startups that are part of the portfolio at MaRS, there are also many other promising cleantech players such as Svante Inc., which is based in the Vancouver suburb of Burnaby.
Ground broken on new Svante facility in Burnaby | Burnabynow
Burnabynow | Svante Inc. is expanding its presence in Burnaby. The company held a ground-breaking ceremony on Monday (June 13) to mark construction of its new headquarters.
