Private investment into climate tech startups is on track to match, and likely surpass, the government’s funding, particularly as investors feel secure in a growing market for such technologies.
In the past year, more than 270 new clean energy projects have been announced, with private investments totaling around $132 billion, according to an August report from Bank of America Global Research.
Over the past year, close to $40 billion of private investment capital into renewable energy (which includes solar and wind) has been announced, according to BoA.
EIP has also been making sizable investments into energy transmission, which refers to the delivery of generation electricity to the distribution grid in populated areas.
One such startup is Stable, a Trucks VC portfolio company that developed predictive software for EV charging that covers where to install the hardware, how to forecast performance and a pricing guide.
“$1.2 trillion of government spending could be viewed as a large number, but what we think about a lot is the multiples on that that will be invested by private capital managers like EIP who are deploying into this space,” said Bowe.
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This is the best summary I could come up with:
Private investment into climate tech startups is on track to match, and likely surpass, the government’s funding, particularly as investors feel secure in a growing market for such technologies.
In the past year, more than 270 new clean energy projects have been announced, with private investments totaling around $132 billion, according to an August report from Bank of America Global Research.
Over the past year, close to $40 billion of private investment capital into renewable energy (which includes solar and wind) has been announced, according to BoA.
EIP has also been making sizable investments into energy transmission, which refers to the delivery of generation electricity to the distribution grid in populated areas.
One such startup is Stable, a Trucks VC portfolio company that developed predictive software for EV charging that covers where to install the hardware, how to forecast performance and a pricing guide.
“$1.2 trillion of government spending could be viewed as a large number, but what we think about a lot is the multiples on that that will be invested by private capital managers like EIP who are deploying into this space,” said Bowe.
The original article contains 1,789 words, the summary contains 185 words. Saved 90%. I’m a bot and I’m open source!