From CNBC: 2024-05-29 07:01:46

Clean Energy Ventures raised $305 million for its second fund, focusing on industrial decarbonization, plastics, and grid technologies. The firm has already made six investments, including green ammonia and sustainable aviation fuel companies. Private equity is also playing a significant role in energy transition deals, with a jump to over $25.9 billion in 2023.

Despite poor performance of clean energy stocks in public markets, Clean Energy Ventures sees continued interest from private investors in decarbonization. The firm views strategic sales as a priority over IPOs, aiming to back companies with technologies attractive to larger energy or industrial players. Private equity is increasingly important in funding companies transitioning to the next stage of growth.

Clean Energy Ventures, focused on greener investing, is attracting private investors despite the underperformance of clean energy stocks in public markets. The firm’s second fund, oversubscribed at $305 million, targets industrial decarbonization, plastics, and grid technologies. Private equity is playing a critical role in energy transition deals, with investments exceeding $25.9 billion in 2023.

Read more: Clean Energy Ventures raises $305 million to back early-stage climate startups