The icon of the All-American road trip invested in Motiv Power Systems, an electric vehicle tech company, via its $60 million Series B round.
Newlight Partners has committed $150 million to Leyline Renewable Capital, which backs renewable energy projects at the pre-development stage, where few other investors are willing to go.
The Boston-based venture capital firm will use its first fund to scale up its investment capabilities and build the clean energy pipeline for later-stage investors.
The Amsterdam-based software company wants to minimize dirty energy use by helping businesses prioritize and balance their energy needs.
“Without light, you can’t do anything,” Akinwumi Adesina, president of African Development Bank. Roughly 90 percent of the people living without electricity are in sub-Saharan Africa.
- “Not enough capital is flowing” toward the low-carbon transition, Michael Bloomberg declared at last year’s Bloomberg Global Business Forum. The unavoidable takeaway from yesterday’s forum: Still not enough capital is flowing.
The Toronto-based company has developed an energy storage system meant to help electricity grid operators manage demand fluctuations and integrate renewable sources, like wind and solar, into their energy mix.