ImpactAlpha, December 7 – Amid a frenzy of big-ticket climate deals and energy-transition funds, Lime Rock, a growth-focused energy transition investor, raised less than it planned for its debut clean energy fund. The Lime Rock New Energy fund had targeted $600 million, The Wall Street Journal reports.
Lime Rock New Energy, which spun out of energy investment firm Lime Rock Management, is looking to cut checks of up to $90 million in clean energy ventures. It has invested in two companies: Smart Wires, whose technology helps utilities and grid operators manage power flow; and Qmerit, which is helping residential and small commercial users switch to electric products.
