Aug 5, 2022

Climate Tech - Issue #5

Climate Tech

Innovation is what businesses need to mitigate and adapt to Climate Change. Subscribe to get the most relevant content and news around Climate Tech.

Hello Climate Tech readers 🌎,

A simplified path to Net Zero, as suggested by Bill Gates, is to “Electrify everything, and make grids renewable”. In the past week, a Climate Deal has been passed in the US which would be the most ambitious action thus far to cut emissions by providing subsidies and making renewable energy cheaper.

REPEAT Project has provided a very detailed analysis report on its impacts and where it can take the US to Net Zero.

Enjoy your weekly ClimateTech Startup Digest! Feel free to get in touch if there is any particular topic you want us to cover!

Ivan

(Follow me on Twitter / Linkedin!)

# Mitigation

Nature-Based Solutions 2.0: Show Me The Money, Forbes

To Reach Sustainability, We Need More Sophisticated Ways of Monetizing Nature

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Cummins Invests in Energy Storage Company as Part of Decarbonization Efforts, CSRWire

Climate change can’t be solved by anyone acting alone. Cummins is investing in an energy storage firm that could play a key role.

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Cheesecake Energy tech – which stores energy in form of high pressure air and heat – secures £3.5m of funding, Business Live

A tech firm which has developed a low cost way of storing energy in the form of heat and compressed air has secured multi-million pound backing. Money will be used to grow the Cheesecake team, pilot new technology, and build partnerships around the world

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Energy Impact Partners’ Elevate Future Fund Invests in Cloud-Based Platform Rheaply, Business Wire

Energy Impact Partners LP (“EIP”) participated in Rheaply’s latest investment round. Rheaply is a cloud-based resource exchange platform that connects people and organizations with resources, improves reuse outcomes and catalyzes the circular economy.

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PepsiCo Extends Use of UBQ™ from Logistics Pallets to Unlock Sustainability Across Supply Chain USA

UBQ Materials, climate tech developer of advanced materials made from waste, announced today that PepsiCo is expanding its use of UBQ™ across its supply chain.

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# Adaptation

Safehub: The Tech Company Helping Companies Respond To Natural Disasters, Forbes

Safehub Inc. aims to transform catastrophe risk management by helping companies respond quickly to disasters and reduce business interruption losses.

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Raincoat Raises $4.5M Seed Round To Introduce Climate Disaster Insurance For A New Era, BNamericas

The startup is building end-to-end automated insurance solutions enabling financial institutions, governments, and insurers to provide immediate payouts for individuals in the wake of disasters.

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# Advocacy & Investment

Climate-focused VC stays scorching as Buoyant Ventures targets $100M fund, TechCrunch

Climate-focused VCs are on a tear lately, pumping well over a billion dollars per quarter into startups that strive to mitigate emissions as the Earth bakes. Buoyant Ventures is one such firm building momentum for the sector.

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ESG Investing Isn’t Designed to Save the Planet

Most people assume that ESG Investing is designed to reward companies that are helping the planet. In fact, ESG ratings which underlie ESG fund selection are based on “single materiality” — the impact of the changing world on a company P&L, not the reverse.

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Techstars Startup Digest Climate Tech is curated by:

Ivan Lee - Investor and enthusiast in impactful technologies for the future│🌏 Climate Tech│🚀 Space Tech│
ivan.lee@connect.ust.hk

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