Clean Energy
3D Illustration of a Tokamak and sustained nuclear fusion
Dealflow | June 2, 2023
Fusion is heating up
ImpactAlpha, June 3 – Some $5 billion has been invested by the private sector in fusion energy startups. Last month, Microsoft inked the …
Dealflow | June 1, 2023
Boeing inks deal to buy green hydrogen from Equatic
ImpactAlpha, June 1 – Los Angeles-based Equatic’s novel technology packs a one-two punch. It produces hydrogen from seawater via renewable-powered electrolysis. At the …
Photo credit: Sun King
Clean Energy | May 31, 2023
Sun King raises $130 million through securitization of off-grid solar payments
ImpactAlpha, May 31 – Public agencies and private companies from California to Cote d’Ivoire are leveraging cash flows to finance climate adaptation and …
Photo credit: Hybrico
Frontier and Growth Markets | May 21, 2023
Hybrico raises $2 million to shift cell tower operators to green energy
ImpactAlpha, May 21 – Online connectivity is now essential to economic inclusion. But in markets where grid energy isn’t reliable, online access is …
Photo credit: Odyssey
Dealflow | May 19, 2023
Odyssey raises $15 million to cut obstacles to renewables in emerging markets
ImpactAlpha, May 19 – Commercial and industrial solar for business facilities, factories and shopping centers is growing in markets without reliable grid connections. …
Photo by Kensa.
Climate and Clean Tech | May 17, 2023
Kensa Group secures £70 million to accelerate adoption of ground-source heat pumps in the UK
ImpactAlpha, May 17 — The UK government wants to install 600,000 heat pumps each year as a low-carbon alternative to gas boilers. Ground-source, …
Photo credit: M-KOPA
Frontier and Growth Markets | May 16, 2023
M-KOPA lands $255 million in equity and impact-linked debt for financial and gender inclusion
ImpactAlpha, May 16 – M-KOPA helped build Africa’s off-grid, pay-as-you-go solar market. Now the The Nairobi-based company brands itself as a fintech company, …
Photo credit: Helion Energy
Dealflow | May 15, 2023
Microsoft’s off-take agreement with Helion signals fusion energy is within reach
ImpactAlpha, May 15 – The timeline for commercially-viable fusion energy took a leap forward with a commitment by Helion Energy to deliver fusion …
Clean Energy | May 12, 2023
ImpactAlpha Deal Spotlight: Brookfield bucks fundraising malaise as it eyes another mega decarbonization fund
ImpactAlpha, May 12 — Private equity funds are bracing for a challenging fundraising year. Not Brookfield Asset Management. Already this year, the Canadian …
Photo credit: Pivot Energy
Climate and Clean Tech | May 10, 2023
Silicon Valley Bank keeps green project finance rolling under new ownership
ImpactAlpha, May 11 – When a bank run took down Silicon Valley Bank in March, the US government stepped in to ensure depositors …
Photo by Nithio.
Clean Energy | May 8, 2023
Schmidt Family Foundation backs Nithio for clean energy access in sub-Saharan Africa
ImpactAlpha, May 8 — A $3 million investment by the former Google executive’s foundation will support off-grid solar lending to borrowers in “the …
Agents of Impact | April 28, 2023
Su Sanni, Dollaride: From dollar-van commuter to urban-mobility entrepreneur
ImpactAlpha, April 28 — A first generation Nigerian-American, Su Sanni grew up in East New York, Brooklyn and Jamaica, Queens. The low-income neighborhoods, …
Photo by Avalanche Energy.
Clean Energy | April 25, 2023
Avalanche Energy raises $40 million to build modular fusion micro-reactors
ImpactAlpha, April 25 — Fusion energy, considered the holy grail of clean energy, could be a scalable, zero-carbon source of power that avoids …
Photo by Lion's Head Global Partners.
Climate and Clean Tech | April 4, 2023
Decentral Energy Managers scores $12.1 million for clean energy in South Africa
ImpactAlpha, April 4 — Johannesburg-based independent power producer Decentral Energy Managers has raised $12.1 million of equity from Flyt Property Investments and Anuva …
Image credit: Mixergy
Clean Energy | March 27, 2023
Mixergy raises £9.2 million to convert hot water tanks into energy storage systems
ImpactAlpha, March 27 – Individuals wanting to lower their carbon footprints – and energy bills – are adopting solar panels, electric vehicles, heat …
Image credit: Piclo
Dealflow | March 23, 2023
Piclo raises £8.3 million to add clean energy sources to electricity grids
ImpactAlpha, March 23 – London-based Piclo has developed a marketplace to help electricity system operators, which balance supply and demand on local electricity …
Clean Energy | March 20, 2023
Avaana Capital backs Aerem to convert India’s small businesses to solar power
ImpactAlpha, March 20 – Mumbai-based Aerem is connecting small businesses with solar installers and financing. The company estimates that businesses can cut energy …
Photo credit: SunFunder
Dealflow | March 15, 2023
Mirova SunFunder secures $171 million to finance the energy transition in emerging markets
ImpactAlpha, March 15 – Mirova SunFunder is aiming to raise $500 million for its Gigaton Empowerment Fund to make debt investments in small-scale …
Photo by IFC.
Dealflow | March 14, 2023
Jordan’s first green bond secures $50 million from IFC
ImpactAlpha, March 14 — Jordan Kuwait Bank issued Jordan’s first green bond to finance clean energy projects, low-carbon transportation, energy efficient real estate …
Photo by ZeroNox.
Dealflow | March 13, 2023
Off-highway vehicle electrification company ZeroNox to go public via SPAC as deadline looms
ImpactAlpha, March 13 – Special purpose acquisition companies, or SPACs, took the market by storm in 2020 and 2021. Nearly 250 SPACs with …
Photo by Shifted Energy.
Climate and Clean Tech | March 9, 2023
Shifted Energy scores $4.3 million to deploy low-cost smart energy products to low-income households
ImpactAlpha, March 9 — Honolulu-based Shifted Energy creates “virtual power plants” out of single- and multi-family homes by connecting electrical appliances to a …
Photo by Nyle Systems.
Dealflow | March 7, 2023
Aligned Climate Capital stakes Nyle Systems to $6 million for heat pumps and green jobs in Maine
ImpactAlpha, March 7 — Brewer, Maine-based Nyle Systems has raised $6 million to manufacture commercial-sized heat pump water heaters and create roughly 200 …
Photo by Divert.
Dealflow | March 2, 2023
Divert raises $1.1 billion to convert food waste into renewable natural gas
ImpactAlpha, March 2 — Concord, Mass.-based company has raised $100 million in growth equity from investors including Ara Partners and Canadian oil giant …
Photo by BlocPower.
Climate and Clean Tech | March 1, 2023
BlocPower raises $154 million to decarbonize buildings in low-income neighborhoods
ImpactAlpha, March 1 — Brooklyn-based climate tech venture BlocPower has raised $154 million in debt and equity funding to partner with municipalities in …
Dealflow | February 24, 2023
ImpactAlpha Deal Spotlight: Black and Brown green startups
ImpactAlpha, February 24 — Founders are using their proximity to communities and their own lived experience to build climate solutions. Local accelerators and …
Dealflow | February 23, 2023
United’s Sustainable Flight Fund raises $100 million for sustainable aviation fuel
ImpactAlpha, February 23 — Chicago-based United Airlines is seeking to scale up the supply of sustainable aviation fuel to decarbonize commercial air travel. …
Photo by Redwood Materials.
Climate and Clean Tech | February 16, 2023
Redwood Materials arranges $2 billion Energy Department loan for EV battery facility
ImpactAlpha, February 16 — Redwood Materials has arranged a $2 billion Energy Department Loan for an EV battery plant in McCarran, Nev. that …
Evette Ellis and Kameale Terry. Photo by ChargerHelp!
Green Infrastructure | February 15, 2023
ChargerHelp scores $17.5 million to repair EV chargers and create inclusive green jobs
ImpactAlpha, February 15 — More electric vehicles on the road means more demand for EV chargers that work. Broken and unreliable chargers have …
The production of lithium from brine extracted from the Clayton Valley basin
Climate and Clean Tech | February 13, 2023
EV supply chains are riddled with human rights abuses. Tech can help eliminate them.
More electric vehicles (EVs) were sold each week of 2022 than in all of 2011. Analysts expect this explosive growth to remain unabated …
Photo credit: Liminal
Dealflow | February 9, 2023
Liminal raises $17.5 million to help EV battery makers monitor and improve production
ImpactAlpha, February 9 – Global demand for lithium-ion batteries for electric vehicles and solar storage is forecast to grow more than 30% per …
Photo by Zeitview.
Dealflow | February 8, 2023
Zeitview raises $55 million for inspections of wind and solar-energy assets
ImpactAlpha, February 8 — Wind and solar farms tend to be decentralized, making it difficult and expensive to inspect them. Wind turbines, for …
Photo Triodos Investment Management.
Clean Energy | January 19, 2023
WeLight raises €19 million to bring solar mini-grids to rural Madagascar
ImpactAlpha, January 19 — The majority of Madagascar’s population lacks access to electricity. Triodos Investment Management, the European Investment Bank and EDFI ElectriFI …
Photo by Commerz Real.
Dealflow | January 10, 2023
Commerz Real’s Klimavest real assets impact fund crosses the billion-euro mark
ImpactAlpha, January 10 — Germany is one of several European nations that backslid on fossil fuels in order to generate power as Russia’s …
Photo by Silicon Ranch.
Clean Energy | January 9, 2023
A passel of clean energy deals to kick off the new year
ImpactAlpha, January 9 — Climate tech proved resilient last year relative to other VC sectors more impacted by the global economic slowdown. And …
Photo by Roodgally Senatus, ImpactAlpha.
Climate and Clean Tech | January 5, 2023
Electrifying ‘dollar vans’ to boost livelihoods and cut carbon in New York’s transit deserts
ImpactAlpha, January 5 — Along Flatbush Ave. in Brooklyn, several informal “dollar vans” pass by for every city bus. The rides are more …
Photo by Sun King.
Clean Energy | December 7, 2022
Sun King gets $10 million to finance off-grid solar in Africa
ImpactAlpha, December 7 — In Africa, millions of off-grid low-income and rural households still use dirty and expensive kerosene lamps. Solar companies, like …
Dealflow | November 30, 2022
Swell Energy’s $120 million raise points to the energy grid of the future
ImpactAlpha, Nov. 30 – There’s a place for large, centralized power plants and the giant private equity firms that write big checks to …
Photo by BasiGo.
Impact Tech | November 22, 2022
Kenyan electric bus maker BasiGo scores $6.6 million to electrify mass transit
ImpactAlpha, November 22 — Kenya has emerged as Africa’s early leader in e-mobility, primarily for two- and three-wheelers. EV leaders in the country, …
Photo by Flickr.
Clean Energy | November 15, 2022
KKR bets $400 million on Serentica Renewable for clean energy in India
ImpactAlpha, November 15 — KKR, through its $3.9 billion Asia Pacific Infrastructure fund, is investing $400 million in New Delhi-based clean energy producer …
Photo by Eco Ltd.
Climate Finance | November 14, 2022
Philanthropic organizations commit $500 million for energy transition in developing countries
ImpactAlpha, November 14 — A three-year commitment by nine philanthropies will support energy transition projects by low- and middle-income countries and their partners …
Photo credit: Havfram
Clean Energy | November 9, 2022
Havfram secures $250 million from Sandbrook Capital to finance offshore wind projects
ImpactAlpha, November 9 — Engineering and technological advances are pushing down the costs of offshore wind power. Stamford, Conn.-based climate infrastructure investor Sandbrook …
Clean Energy | October 27, 2022
Saudi Aramco launches a $1.5 billion fund for energy-transition technologies
ImpactAlpha, October 27 – Saudi Arabia’s state-owned oil company Aramco announced a $1.5 billion venture fund to invest in in carbon capture and storage, …
Impact Investing | October 24, 2022
Lowercarbon doubles down on fusion energy with $250 million fund
ImpactAlpha, Oct. 25 – As global economies electrify and new solutions like carbon capture and water desalination come online, power demand could triple …
Photo by Baptist Press.
Catalytic Capital | October 24, 2022
Kresge Foundation backs three community solar organizations with $7 million in program-related investments
ImpactAlpha, October 24 — Troy, Mich.-based Kresge Foundation is aiming to catalyze investments for solar energy and storage in low-wealth communities and communities …
Photo by BP.
Climate and Clean Tech | October 19, 2022
BP acquires U.S. renewable natural gas producer Archaea Energy in a deal valued at $4.1 billion.
ImpactAlpha, October 19 — BP became one of the first oil majors to embrace the low-carbon transition when CEO Bernard Looney took over …