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Scaling in Climate Tech | GTM Exec | Enterprise SaaS | Strategic Advisor

A few more billion in new US & Europe clean energy funds... LS Power closes oversubscribed fund V at $2.7B To date, Fund V has invested or committed approximately $1.6 billion across renewable and gas-fired generation, renewable fuels, and green hydrogen, with an extensive pipeline of additional opportunities. Recent investments include the announced acquisition of Algonquin Power & Utilities Corp.’s North American renewable energy business, comprised of 3 GW of operating projects and an 8 GW development pipeline spanning 12 states, 4 provinces, and 5 U.S. power markets. Investors in Fund V include some of the world’s leading pension funds, insurance companies, sovereign wealth funds, asset managers, foundations, endowments, and family offices, among others. Norway's sovereign wealth fund commits €900M to CIP renewables fund Norges Bank Investment Management (NBIM), the manager of Norway’s sovereign wealth fund, has committed to investing €900 million in Copenhagen Infrastructure Partners’ (CIP) fifth flagship fund which is focused on offshore and onshore wind, solar farms, grid and distribution, and energy storage. The investments will be equally split between three regions -- North America, Western Europe, and developed countries in the Asia Pacific region. The investment vehicle, which targets €12 billion, seeks to become the largest dedicated greenfield renewable energy fund in the world. Zurich-based VC firm redalpine closes a new record fund of over €179M The firm is recognized for funding category leaders across a wide range of sectors, including AI, biotech, fintech, and energy, and for being the first backer of unicorns like Taxfix and N26. The new fund will target 15-20 early-stage companies across Europe. RAC VII has already made investments in nine companies, including Proxima Fusion (Germany), a spin-off from the Max Planck Institute for Plasma Physics focusing on clean energy production through fusion technology; LegalFly (Belgium), an AI copilot transforming legal workflows; and ExpressionEdits (UK), a gene-editing company streamlining the development of life-saving therapies. Great to see that recent economic headwinds hasn't deterred significant new funding from the clean energy and climate tech space. Links to sources in the comments. #cleanenergy #climatetech #renewables #infrastructure #venturecapital

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