🌳 Last Week in Climate #134 - "Drill, baby, drill": Trump is Back

Your weekly climate(-tech) digest + a note on Trump's return.

Author

Tim Steppich
January 21, 2025

Hey there, happy Tuesday!

📩 Here is your weekly digest of everything that happened in Climate last week.

🐘 I wanted to address the elephant in the room and left a little note about Trump’s comeback in today’s newsletter.

We cover last week’s:

💚 Community updates,
🇪🇺 15 closed rounds,
🚀 Deal of the week,
🗓 Events & meetups,
📰 News, and
💼 Climate jobs.

Community Updates

💛 You can now request to join our new community space. Here’s the link to join.

👋 200 professionals joined inClimate last week. You can filter and connect with all 15,540 members via the members directory and via the new community space.

☕️ Tomorrow at 13:30 I host the 19th edition of Climate Coffee Break. If you want to casually connect with climate professionals from across the globe - feel free to join a coffee break here.

🗓️ We’re finally putting together an event hosting guide to let you all host climate meetups and events that we promote for you (for free) - we’ll share it in next week’s newsletter.

Drill, baby, drill: Trump is Back

I know, I know, last week was a frustrating one for all of us with Trump taking over, dropping out of the Paris agreement (again), and announcing his plans for oil and gas.

What I don’t know is how exactly this will affect the climate-tech ecosystem.

For me personally, this is pure motivation to double down on our mission - to make climate action accessible to anyone… through the inClimate community, through our job platform, and through insights such as this newsletter and our deep dives.

Every crisis is an opportunity, so…

Let’s focus on the incredible climate solutions that are being built around the world; and let’s figure out how we can best support, build, and scale them together, no matter the political environment we find ourselves in. 🌳

Closed Rounds

The Green Flexibility team takes the crown for the largest funding round last week.

🇩🇪 Green Flexibility - €400M Private Equity

📍 Kempten, Germany

⚡️ Manufacturer of extensive battery storage systems.

Investors: Partners Group

🇫🇮 Hycamite TCD Technologies - €44M Series A

📍 Kokkola, Finland

⚡️ Decarbonizing industry via low-carbon hydrogen & high-quality carbon products.

Investors: Holdix Oy Ab, MOL PLUS, OMV Petrom, Sojitz, Stephen Industries, Turret Oy

🇪🇸 H2SITE - €36M Series B

📍 Derio, Spain

⚡️ On-site high-quality hydrogen production.

Investors: Breakthrough Energy Ventures, Enagas Emprende, Equinor Ventures, Exergon, Ezten Venture Capital Fund, Hy24, MassMutual Ventures, Suma Capital

🇩🇪 Formo - €35M Debt Financing

📍 Berlin, Germany

🍴 Dairy alternatives.

Investors: European Investment Bank

🇬🇧 BeZero Carbon - $32M Series C

📍 London, United Kingdom

💸 Global carbon ratings agency.

Investors: EDF Pulse Ventures, GenZero, Hitachi Ventures, Illuminate Financial, Intercontinental Exchange, Japan Airlines Innovation Fund, Molten Ventures

🇫🇷 Shippeo - €29M Venture

📍 Paris, France

🚗 Real-time transportation visibility.

Investors: Battery Ventures, Bpifrance Digital Venture, LFX Venture Partners, NGP Capital, Partech, Shift4Good, Woven Capital, Yamaha Motor Ventures

🇬🇧 NatureMetrics - $25M Series B

📍 Egham, United Kingdom

DNA-based biodiversity monitoring company.

Investors: Just Climate, EDF Pulse Ventures, Monaco ReOcean Fund, 2150, BNP Paribas, Ananda Impact Ventures, SWEN Blue Ocean

🇩🇪 ecoplanet - €16M Series A

📍 Munich, Germany

⚡️ Energy management for industrial companies.

Investors: EQT Ventures, HV Capital

🇬🇧 Origen - $13M Series A

📍 Long Ashton, United Kingdom

💨 Limestone-based direct air capture.

Investors: Barclays, Elemental Impact, Exascale Fund, Hatch, Shell Ventures

🇨🇭 Metafuels - $9M Venture

📍 Zürich, Switzerland

🚗 Sustainable aviation fuel.

Investors: Celsius Industries, RockCreek, Fortescue Ventures, Verve Ventures, Energy Impact Partners, Contrarian Ventures

🇬🇧 Beams - $9M Series A

📍 London, United Kingdom

🏠 Home renovation marketplace

Investors: Borusan Ventures, ETF Partners, Firstminute Capital, Giant Ventures

🇩🇰 Donkey Republic - $8.4M Post-IPO Debt

📍 Copenhagen, Denmark

🚗 Bike and e-bike sharing service.

Investors: Export and Investment Fund, Nefco, Sydbank

🇪🇪 Elcogen - $5M Venture

📍 Tallinn, Estonia

⚡️ Fuel cells.

Investors: SmartCap

🇱🇻 Naco Technologies - Venture

📍 Riga, Latvia

⚡️ Nano coating technologies.

Investors: Radix Ventures, Impact Ventures Hungary, The Untitled Ventures

🇸🇪 Heliospectra - SEK 10M Post-IPO Debt

📍 Västra Götaland, Sweden

🏠 Intelligent LED lighting systems for plant science and horticulture applications.

Investors: Weland Stål

Deal of the Week

 🇺🇸 Bryan at Contract Power is raising an Angel round:

“ContractPower is a document intelligence platform revolutionizing contract management for the renewable energy sector. Our platform leverages advanced AI technologies, including Retrieval-Augmented Generation (RAG) and Large Language Models (LLMs), to drastically simplify the time-consuming and error-prone process of reviewing and managing complex contracts..”

Know someone who Bryan should talk to?

👋 Important: If you read this on Gmail you might not see the full email. I’d recommend reading it online.

Upcoming Events

🇺🇸 International Conference on Environmental, Cultural, Economic & Social Sustainability (Jan 23)
🇺🇸 Cleantech Forum North America (Jan 27)
🇸🇦 World ESG Summit (Feb 10)
🇺🇸 Greenbiz25 (Feb 10)
🇨🇦 Globe x Change (Feb 11)
🇮🇹 Resumed UN Biodiversity Conference (Feb 25)
🇬🇧 Net Zero & Scope 3 (Mar 5)
🇨🇭 Verbier Summit (Mar 7)
🇬🇧 The Economist Sustainability Week (Mar 10)
🇯🇵 World Ocean Summit & Expo (Mar 12)
🇺🇸 Wall Street Green Summit (Mar 18)
🇨🇭 Villars Institute Summit (Mar 19)
🇫🇷 Climate Reality Leadership Training (Mar 28)
🇫🇷 Climate Chance Europe Africa (Mar 31)
… more on inClimate.com/events

Got any events or conferences planned for 2025 or attending an event that we should all know about?

Just add it via the button below 👇️ 

Climate News

I’m looking for someone to curate European climate news here weekly - shoot me an email ([email protected]) if you want to put together this section for our 30k readers.

New Climate Jobs

The weekly job recommendations went out yesterday via email.

Below, you’ll find all featured jobs (from companies on our premium access). You can head to the job board to explore all posted opportunities.

Aeco develops and finances peatland restoration projects across Europe. Combining restoration expertise and access to capital, we aim at substantially contributing towards climate change mitigation and ecosystem restoration.

🇪🇺 Biodiversity Project Developer for Peatland Restoration (Germany, Hybrid)
🌍 Junior Peatland Specialist (Germany, Hybrid)

autarc is building the operating system for heat pump installers. They are part of Y Combinator and are hiring for their office in Berlin-Mitte.

🇩🇪 Energieberater:in (zertifizierter EEE)
🇩🇪 Sales Manager:in
🇩🇪 Senior Fullstack Engineer (React, Supabase)

InPlanet removes CO2 from the atmosphere through Enhanced Rock Weathering in the tropics. This CDR method applies rock powder on agricultural land, thereby fertilizing soils and permanently locking carbon in a way that is scalable, affordable and safe.

🌎 Head of Finance (CFO) (Remote)
🇧🇷 Farmer Community Manager (São Paulo, Hybrid)
🇧🇷 ERW Operations Manager (São Paulo, On-site)

Final Note

If you enjoy these weekly updates, please take a second to join the platform and the community space as well, so that you can connect with people across the climate ecosystem and share your updates, questions, jobs, or funding news with the community.

Big hug,

PS: Feel free to send feedback, ideas, companies, funding rounds, etc. directly to me: [email protected]

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