Lowercarbon Capital backs kickass companies that make real money slashing CO₂ emissions, sucking carbon out of the sky, and buying us time to unf**k the planet. Bless the activists, but we see a different path towards a brighter (and cooler) future. Shame and guilt won’t get us there, markets will. To be clear, this isn’t charity. Fixing the planet is just good business. We’ll write your first check and are set up to keep investing deep into the alphabet as your company grows. So if you’re building a startup to rein in global warming while making cold, hard cash, drop us a line.
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Recently, Tim De Chant at TechCrunch spent time with our CEO, Hannah Sieber, to discuss how Artyc is electrifying the cold chain. A big thank you to Tim and TechCrunch for sharing our story! Read the full article below to learn more about our progress to date and the potential of battery-powered refrigeration. https://lnkd.in/g8YP_dXW Interested in partnerships, careers, or just want to say hello? ➡ Reach out to us at hello@shipartyc.com.
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Thank you to the The Wall Street Journal's editor Ed Ballard for highlighting InRange's misson in the latest Climate Newsletter. We're turning #commercial rooftops into #power plants to supply megawatts of local clean energy for data centers such as Iron Mountain Data Centers. Low on-site demand, short leases, and misaligned incentives between landlords and tenants have led to only 5% of adoption of solar for warehouses in the US and Europe. We're on a mission to change that and deliver megawatts of carbon-free #electricity to the local grid. Read the newsletter here: https://lnkd.in/dKRPvGwx Prologis, Target, Kristin G. Eberhard, JD, Rewiring America Lowercarbon Capital, Voyager Ventures, Octopus Ventures, Clea Kolster, PhD, Sierra Peterson, Kirsten Connell, Azeem Azhar, Chris Mairs CBE
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Today, we announced that a group of the nations largest developers have invested in Crux. The investment by Clearway Energy Group, EDF Renewables North America, Pattern Energy Group, and Intersect Power completes our recent fundraise led by Andreessen Horowitz. Why it matters: 🔥 𝐖𝐞 𝐡𝐚𝐯𝐞 𝐭𝐡𝐞 𝐟𝐢𝐫𝐞𝐩𝐨𝐰𝐞𝐫 𝐭𝐨 𝐛𝐮𝐢𝐥𝐝. Crux has raised over $27 million in venture and strategic capital. We've doubled the team since the beginning of the year and we're still #hiring. We've now done deals in solar, wind, battery storage, bioenergy, and advanced manufacturing. Buyers include everyone from family offices to the Fortune 100. 👊 𝐖𝐞 𝐡𝐚𝐯𝐞 𝐭𝐡𝐞 𝐫𝐢𝐠𝐡𝐭 𝐩𝐞𝐨𝐩𝐥𝐞 𝐚𝐫𝐨𝐮𝐧𝐝 𝐭𝐡𝐞 𝐭𝐚𝐛𝐥𝐞. Our investor group -- which also includes Ørsted, LS Power, and Hartree Partners -- has more than 100 GW of pipeline. As Hunter Armistead put it: "Crux's platform is a game-changer for financing clean energy projects. It allows us to maximize the current tax monetization market by streamlining transactions and managing transferable tax credits". 🌊 𝐀𝐝𝐝𝐢𝐧𝐠 𝐝𝐞𝐩𝐭𝐡 𝐨𝐧 𝐚𝐥𝐥 𝐬𝐢𝐝𝐞𝐬 𝐨𝐟 𝐭𝐡𝐞 𝐦𝐚𝐫𝐤𝐞𝐭. Clean energy investment is accelerating, with a record $71 billion in clean energy and transportation investments in the first quarter of this year alone, a 40% increase from the same period in 2023. The policy is working. But, to maintain our rapid pace, we need more developers and manufacturers, more innovation, more expert advisors, and thousands more buyers. To meet this need, we'll make even more investments in our software, team, and market leading content. 📈 𝐖𝐞'𝐥𝐥 𝐛𝐮𝐢𝐥𝐝 𝐚 𝐦𝐨𝐫𝐞 𝐦𝐚𝐭𝐮𝐫𝐞 𝐦𝐚𝐫𝐤𝐞𝐭, 𝐧𝐨𝐰. When new asset types are created and grow larger they typically evolve to become more standardized, efficient, liquid, broad-based, and transparent. That is often a long process. But, we don't have the time for that. We'll use our capital to invest in liquidity and efficiency. ⚡ 𝐁𝐞𝐭𝐭𝐞𝐫 𝐩𝐥𝐚𝐭𝐟𝐨𝐫𝐦 = 𝐛𝐞𝐭𝐭𝐞𝐫 𝐭𝐫𝐚𝐧𝐬𝐚𝐜𝐭𝐢𝐨𝐧𝐬. Our software is already significantly enhancing price discovery, matching, and closing. More embedded diligence tools and data will allow our partners to do more deals faster. One recent deal between a large seller and F100 buyer closed in 22 days. We now have more than 50 intermediary partners (banks, tax advisors, and syndicators) that use our tools to source deals and transact more efficiently. For more details, check out the full story on Heatmap News here. https://lnkd.in/gFSjPvEC
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Today we're announcing that InRange is partnering with Iron Mountain Data Centers to deliver megawatts of carbon-free #electricity to the local grid. Large #power users like Iron Mountain Data Centers are keen to gain quick access to cheap, clean energy that’s time-matched and locally sourced. By maximising #commercial rooftop solar generation and aggregating the excess for power user offtake, InRange is connecting two of the fastest-growing industries in the UK: #datacenters and warehouses. We look forward to partnering with Iron Mountain Data Centers in their pursuit of #24CFE (Carbon Free Energy), matching 100% clean energy to their consumption, 100% of the time. Clean Energy Buyers Association (CEBA), CBRE Data Center Solutions
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📰 Breaking News! Solugen has secured conditional commitment for a $213.6M loan guarantee from the U.S. Department of Energy (DOE) Loan Programs Office. This financing will support the construction of Bioforge Marshall, our new 500,000 square-foot biomanufacturing facility in Southwest Minnesota. The announcement marks a pivotal milestone in our scale-up journey and a landmark move for American industry. Solugen has now unlocked a critical step in executing our vision to deploy a domestic manufacturing network that brings sustainable solutions to market. We’re thrilled to join an elite group of impactful companies catalyzed by this DOE loan program. Of the companies that have reached this prestigious milestone, only 14 have been startups. Among these, Solugen is the first to successfully scale sustainable chemical manufacturing with our pioneering chemienzymatic technology. As we enter this next phase of growth, we look forward to continuing this important work alongside our customers, strategic partners, and investors. Read Solugen's announcement here: https://lnkd.in/gjQEAXdm Read DOE's announcement here: https://lnkd.in/gyDkmfKn
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Thank you Amrith Ramkumar and The Wall Street Journal for taking a deep dive on the global race for greener steelmaking, and how Electra is building a more sustainable steel industry. With calls for green steel increasing, we’re rapidly scaling our clean iron technology to meet the growing commercial demand while reducing emissions. Read more about how Electra is transforming the steel industry here: https://lnkd.in/gETN8NgS
We're putting together a special closed-door, off-the-record night for entrepreneurs, scientists, and engineers building in climate & energy as part of the inaugural Deeptech Week that's coming together in San Francisco. Solving the climate crisis will require breakthroughs in fusion, geoengineering, bioengineering, manufacturing, and more. Hear how builders at the forefront of those fields are doing it in a series of lightning talks sharing their latest progress. Apply now! We’ll be accepting a limited number of registrants on a rolling basis. #startups #entrepreneurship #climate #energy #deeptech #deeptechweek
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The New Yorker did a long-form piece sharing some of the gritty fun we've had getting Charm up and running! It gives a behind-the-scenes view of what it takes to put carbon underground: https://lnkd.in/gsVvm872 I'm super proud of the progress we've made even since Michelle visited us last summer. We've ramped up injections and deployed a whole new generation of pyrolyzers at our site in Colorado. Full history of over 7,000 tons of deliveries here: https://lnkd.in/g9kZhMNN And fun videos of our latest progress in the comments 😁
Calling all AI builders - we're teaming up with OpenAI and Crusoe to host Hacking for Clean Energy, an AI hackathon focused on accelerating the scale up of renewable energy. Mark your calendars for June 28-29 in San Francisco. Thousands of clean energy projects are bogged down by permitting, paperwork, and process. AI and software hold the key to unblocking these bottlenecks. We'll be accepting 100+ AI engineers, designers, and product leaders to develop novel AI-powered solutions that can do just that. Want to hear straight from the source on the issues? We've confirmed speakers from the U.S. Department of Energy (DOE), who will be hosting a public discussion on the problems in the space. Several experts from the national labs will also be joining us to share the latest on a new AI data corpus. Thanks to Crusoe, we'll be awarding $3K in cash to the winning team, who will have a chance to share their project to top venture capitalists, engineering leaders, journalists, and a visiting congressional delegation. Apply below or tag someone in the thread that you think should. Hope to see you next month!
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Crux was proud to help Silfab Solar Inc. successfully navigate their first 45X tax credit sale to Schneider Electric, a global leader in the energy transition. 45X credits are awarded to companies manufacturing critical components here in 🇺🇸. In this case, the sale of the credits allows Silfab to further expand US manufacturing of solar PV modules. Barron's has the story 👇. Recent analysis by Matt Aks and Sarah Bianchi of Evercore ISI, Research Division found that 45X is a major contributor to the potential growth of the market for transferable tax credits to $100B+ by 2030. That means tens of billions flowing into domestic advanced manufacturing. On Crux, we have billions in buyside interest for 45X credits, which generally receive multiple competitive bids when they’re listed on the platform.