Is Clean Tech the newest US-China battleground?

Sep 25, 2024

Good morning,

Welcome to the inaugural edition of Building our Future - Clean Tech and Advanced Energy Edition. If you are receiving this, then you’ve likely previously been subscribed to our predecessor newsletter: Building our Defense. Building our Future - Clean Tech and Advanced Energy Edition is focused on deep tech advancements and companies building the necessary energy infrastructure to create a sustainable future or Earth.

As the Fed cuts rates, Clean Tech can win big. Couple that with the billions of money that the government is trying to pour into the sector, and it becomes a high-potential sector for disruptive founders capable of building exceptional companies… at least for now.

Clean Tech and Advanced Energy News:

Climate finance from multilateral banks grew to a record $125B in 2023 (RT)
Clean energy wins big as Fed cuts interest rates more than expected (UD)
GOP governors launch effort to fight clean energy mandates (TH)
China poised to overtake the U.S. lead on developing nuclear fusion (CNN)
China is on a clean energy spree (LP)
Clean energy transition is already underway (TM)
China's clean tech glut could be a net global positive (SCMP)
Israel, US to innovate new clean energy techs under renewed bipartisan legislation (TJP)
Money for cutting-edge climate tech could dry up in a second Trump term (NPR)
Solar is surging, puts world on track to triple clean energy (EE)
Battery storage, grids needed to deliver UN goal to triple renewable energy, IEA says (RT)
J.B. Hunt kicks off Clean Energy's Class 8 demo truck program (FO)
Georgia's new nuclear plants drive US power sector clean-up (RT)
New EU climate and competition chiefs to develop bloc's 'clean industrial deal' (RT)
Constellation Energy will reopen Three Mile Island nuclear plant to power Microsoft data centers (NPR)
Clean technology mandates can slash prices and carbon emissions to spark cascade of positive tipping points (TE)
EU must find right balance on clean tech trade with China, says Draghi (RT)
The Dept. Of Energy is pumping billions into clean tech, including $3B in battery manufacturing (FB)

Deal Flow:

Twelve, a carbon transformation company converting captured carbon dioxied into valuable chemicals and fuels, announced $645M led by TPG Rise Climate (PRN)
Calyxia, a leading industrial B2B Cleantech innovator, has raised $35 million in a Series B funding round led by Lombard Odier Investment Managers and Bpifrance (WBMI)
David Energy raises a $23M Series A-1 led by Cathay Innovation take accelerate its goals of a total U.S. clean energy transition in 10 years (TC)
Chemical pulping cleantech LignEasy has secured $1.1M from EIT InnoEnergy to scale its separation technology to convert pulp waste into "high-value" bio-based materials (TCM)
University of Oxford spinout FluoRok raised $9.8M led by BGF to transform the safety and sustainability of fluorochemical production (PRN)
Canadian hydrogen carrier tech company Ayrton Energy raised $6.8M in seed funding co-led by Clean Energy Ventures and BDC Capital (FSME)
Karman Industries emerges from stealth, raising $4M in pre-seed funding led by Riot Ventures to deliver advanced thermal energy technology (PRN)

Opportunities:

U.S. Dept. of Energy kicks off nationwide battery workforce challenge program (DOE)
Wheaton and Foresight Canada announce the Future of Mining Challenge to drive cleantech innovation in the mining sector (INN)