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Climate Tech Weekly Roundup

Take a look at what happened in the European climate tech startup ecosystem last week! ๐Ÿ‘€




Events


๐Ÿ•ด๐Ÿป Must Had is an Italian Refashion platform, supporting artisans and designers to recover and reuse in the world of fashion. To celebrate its first anniversary, during Milan Fashion Week, the startup organized Close The Loop: an event that is aiming to raise awareness on the art of circular fashion, through conscious and sustainable consumption.



๐ŸŒ The Climate Finance Observatory is organizing a webinar that will offer a snapshot of the trend in financing for startups, highlighting the strengths of Italy's capital market and areas for expansion. A space in the event will be dedicated to the direct testimonies of entrepreneurial realities engaged in this challenge. Donโ€™t miss it!


Open Calls


๐Ÿ’š Join the Greening For Good (G4G) training program for Italian SMEs on environmental sustainability and sustainable innovation. G4G is funded by the European Erasmus + program to develop knowledge and skills among SME entrepreneurs and workers on how to do business in a sustainable way. To this end, STEP and Impact Hub Leipzig have devised a training program that can support and accompany them towards a more sustainable future.


Funds


๐Ÿ‡ MGENโ€™s just launched a new โ‚ฌ80M investment fund for high-impact, high-potential entrepreneurs. Racine2 provides equity financing from โ‚ฌ500K to โ‚ฌ3M to generate a positive impact on society and its environment. More than that, it will provide access to a network of entrepreneurs, experts and provide entrepreneurs with the essential know-how.


๐ŸŒŠ Burnt Island Ventures raises $30M for an early-stage water startup fund.

Burnt Island Ventures, is a new fund aimed at investing in water-related companies ranging from scientific filtration solutions designed by ZwitterCo to software for wastewater and stormwater assessment developed by Sewer AI. Fergusonโ€™s debut fund closed on $30M, surpassing its $25M target.


๐Ÿช‚ Climate tech venture firm Aera VC raised $42M in the first close of its new fund to back startups addressing sustainability and global warming. The new climate-focused fund has already backed Michael Foxโ€™s alt-protein business Fable Foods, along with US-based chemical decarbonization unicorn startup Solugen (valued at US$1.8bn) as well as Shiok Meats (Singapore), Carbon Chain (London), Noya and Twelve (San Francisco).



Milestones


โœจ.EnergySage announced that Schneider Electric, the global leader in the digital transformation of energy management and automation, has purchased a controlling stake in EnergySage to help accelerate a shared vision for transforming the clean energy market. The acquisition will provide EnergySage with the resources to speed up the company's growth and product innovation.

Launches


๐Ÿ’ณ Global payment technology company Mastercard announced the launch of a new ESG consulting practice. According to Mastercard, the new ESG-focused practice aims to help the companyโ€™s clients to better understand and respond to consumersโ€™ increasing social and environmental consciousness regarding the products and brands with which they interact.


Ecosystem


๐Ÿ† BloombergNEF runs the BNEF Pioneers competition to identify three key challenges in building towards a net-zero economy and to highlight innovative companies developing technologies to overcome these challenges. BNEF Pioneers has announced the description of each of this yearโ€™s challenges, why they were selected, and the finalists of each challenge for the BNEF Pioneers 2022.

๐ŸŽ’ Conscience VC is an early-stage investment firm founded with the mission to generate a positive and scalable impact on the world by partnering with technical founders. The investment firm just announces its โ€œGoodie Bagโ€ with 170+ resources across marketing and design agencies, labs, product development partners, financial tools, packaging, and more. These resources are curated for early-stage founders and pre-founders.


๐ŸŒ‹ Andrew Beebe: 10 Climate Tech predictions for 2022.

After outlining why and how the long boom of climate tech was just getting started last year, look at these climate tech predictions for 2022 that give a sneak peek at how the 2020s are shaping up to be the โ€˜Decarb Decadeโ€™. From climate unicorns to carbon disclosure and clean ag, take a look at Andrew Beebeโ€™s latest insights.



Research


โŒ› Breakthrough in converting CO2 into fuel using solar energy.

A research team led by Lund University in Sweden has shown how solar power can convert carbon dioxide into fuel, by using advanced materials and ultrafast laser spectroscopy. The breakthrough could be an important piece of the puzzle in reducing the levels of greenhouse gases in the atmosphere in the future. The study is published in Nature Communications.



โ˜€๏ธ New efficiency record set for ultrathin solar cell.

A team of researchers has devised an engineering technique for inorganic solar cells that achieves record-breaking power conversion efficiency. It is composed of non-toxic, earth-abundant elements and produced in ambient conditions at low temperatures. The researchers were able to demonstrate that this material has an absorption coefficient 5-10 times greater than any other material currently used in photovoltaic technology.



๐Ÿ‹ Solar panels built from waste crops can make energy without direct light.

Solar panels that donโ€™t require direct sunlight have been invented in another leap forwards for clean energy. A Filipino engineering student designed the revolutionary material using luminescent particles from fruit and vegetable waste. As they do inside crops, these particles absorb the sunโ€™s ultraviolet rays and turn them into visible light. The panels are then able to convert this harvested light into electricity.

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