BrightNight’s Post

Very happy for my friends James McWalter and Charles Bai on their $11M Series A round at Paces, the leading GIS and data platform accelerating renewable energy project development. The problem: To meet climate goals, quick action is needed. The current process to develop projects is slow, manual, and expensive, making it challenging to reach the speed and scale needed for energy infrastructure build-out. Pace's solution: Paces accelerates and de-risks clean energy site selection and project due diligence assessments by condensing the process from months to minutes. Core Paces tools, Project Search and Permitting Predictor, streamline this traditionally manual process by consolidating and interpreting spatial, zoning, permitting, interconnection, and environmental data. As an early investor in Paces, I saw a hungry, scrappy team that was cut from the same cloth as us from Y Combinator and had a vision of supporting the energy transition like us here Zeitview .... Now their fun begins... 🚀 #energytransition #cleantech #GIS #renewableenergy

Even though I’ve been at Paces for just 1.5 weeks, I’m already amazed by how incredible our platform is and the amount of value it brings to renewable energy developers, accelerating infrastructure development. With our new round of funding, we're set to expand our capabilities, tackling grid and permitting challenges for our users. Launching features like Permitting Predictor is a significant step toward realizing our mission of enabling the best climate use case for every piece of land. If you're interested in #AccountExecutive roles and motivated to tackle #ClimateTech challenges, shoot me a DM!

This week, the clean technology energy sector saw over $610 million in investments, involving companies like Alsym Energy, Elcogen, Torus, Clean Energy Connect Co. Ltd., and ION Clean Energy. Investors include: Tata International Limited, General Catalyst, Thrive Capital, Thomvest , DRADS Capital, Hydrogen One Capital Growth plc, HD Hyundai Heavy Industries, Mirae Asset Global Investments, European Commission, Baker Hughes, Origin Ventures, EPIC Ventures, Cumming Capital, The Larry H. Miller Company, Zions Bank, Pelion Venture Partners, ICONIQ Capital, KDDI Corporation Green Partners Fund (operator: SBI Investment Co., Ltd.), Chevron New Energies (CNE) and Carbon Direct Capital. Find out more about these and future sustainable investments by subscribing to our weekly newsletter. https://bit.ly/440wNuA #EndowCapital #InvestmentRoundup #SustainableInvesting #CleanEnergy #VentureCapital #Sustainability  #ImpactInvesting

Today, LevelTen Energy is celebrating the close of a $65 million Series D funding round led by B Capital ! Thank you to our Series D investors, and all the investors who preceded them, for their support: Aster Capital, Constellation, Google, ICE, Microsoft’s Climate Innovation Fund, NGP, Prelude Ventures, and ZOMALAB, among others. “Society has made strong progress in tackling climate change — but it’s still not enough,” said LevelTen Energy CEO Bryce Smith. “The next phase of the transition to a carbon-free economy will require new marketplaces, new sources of market intelligence, faster access to capital, and significant investments in emerging technologies. With this renewed financial support from our investors, LevelTen will build on our past success, and provide new solutions to the energy transition’s most pressing challenges.” This funding will support continued growth of the LevelTen Platform and finance the company’s expansion into new markets, including granular certificates and clean hydrogen, to accelerate carbon-free energy project deployment. Thanks to all of you — the LevelTen Network — for helping us achieve this milestone. We couldn’t do it without you! Learn more: https://lnkd.in/gj-xd__V #renewableenergy #cleanenergy #funding 

Energy transition implies technological improvements... but also better and faster processes, allowing to implement those improvements in the quickest and most efficient way. We aim to keep accelerating the energy transition, getting better deals done, faster. More to come!

🌳 A record $358 Billion was invested in renewable energy globally during the first half of 2023 (BloombergNEF). What does this mean for VC investors? With the new year around the corner, we’ve been anticipating the changes coming in the venture capital space. In this new article on the Edda blog, our team covers the rising innovations in energy efficient tech and the opportunities VCs have going into 2024. Check it out here: https://lnkd.in/en6dPRad #cleanenergy #sustainability #venturecapital

In the latest issue of Endow Capital's Round-Up, we spotlight the significant accumulation of nearly $450 million in investments and the advancements in the cleantech sector led by industry leaders such as Monarch Energy, Newheat, Econergy Renewable Energy Ltd., Statera Energy, and Lechuang Energy. Prominent investors include: LS Power, SWEN Capital Partners (via SWIFT 2 strategy), Noria, Bpifrance (via FIEE fund), Etchart Group, Holdheat, Raiffeisen Bank International AG, Nofar Energy, Statkraft, Lloyds Bank, NatWest, Santander, Siemens Financial Services (through Siemens Bank), EQT Infrastructure and Ant Digital. Find out about these deals in the latest edition of the Endow Capital Weekly Round-Up: https://bit.ly/49XFvfy #sustainableinvestment #EndowCapital #renewableenergy #cleantech #investmentnews #cleantechinvestment 

🎉 We've surpassed $25M in #SeriesA funding with our $10M extension, co-led by existing investors Congruent Ventures and Wave Capital, with participation from new investors Align Impact, Remarkable Ventures Climate fund (RVC), and Groundswell Ventures, alongside Congruent and Wave's Limited Partners. Congruent investor, Abe Yokell, characterizes why investors are keen to double-down with Camus: “Camus’s software unlocks the full potential of both renewable power supply and growing electricity demand for the thousands of utilities managing the momentous challenge of expanding and decarbonizing the grid. It’s a no-regrets, market-leading technology that can be deployed immediately to transform how utilities monitor and manage their grids.” Since our last round, we’ve: 💡 Expanded our customer base to utilities serving 2.9 million end consumers across 9 states 📈 Quintupled (5X) our annual recurring revenue 🔮 Deployed meter-level load forecasting at 1/100th of industry-standard costs This investment allows us to continue to expand our industry-leading collaborations with forward-thinking utilities, delivering a repeatable, data-driven approach to help utilities adapt to the challenges and opportunities within their communities. Thank you to all of our customers, partners, team members, and investors. Read more in Axios: https://lnkd.in/gPU96ab

Climate Tech Investment Trends in North America

Over $175 million was invested in clean energy companies this week, including 360 Energy Solar, MGA Thermal, SWTCH Energy, Ivy Energy, and Eocycle Technologies. Investors include: Stellantis, Main Sequence, Melt Ventures, Jekara Group, Blue Earth Capital AG, Alantra’s Energy Transition Fund Klima, Active Impact Investments, Giga Investments Corp, SolarEdge Technologies, Greensoil PropTech Ventures, American Family Insurance Institute for Corporate and Social Impact (AmFam Institute), Legacy Capital Ventures, Enki Solar Investments, Unit Leader, LLC, Export Development Canada | Exportation et développement Canada, Fonds de solidarité FTQ, and Investissement Québec. Find out more about these and future sustainable investments by subscribing to our weekly newsletter. https://bit.ly/3w6bPh9 #EndowCapital #InvestmentRoundup #SustainableInvesting #CleanEnergy #VentureCapital #Sustainability  #ImpactInvesting