Farm, Monday, Feb. 20, 2012, in Fort Stockton. After cutting its solar program last year, BP is beefing up its investments into wind energy and recently launched its fourth Texas wind farm, in Fort Stockton. On 20,000 acres in Pecos County, the Sherbino II farm has 60 wind turbines to generate enough electricity to power more than 175,000 homes. Equity investment in startups has significantly declined in 2023, despite growing demand, momentum and urgency for climate tech-driven solutions.
Climate tech’s share of private market equity and grant investment continues to outpace other investment sectors, growing at an annual rate of 10% in a continuation of a decade-long upward trajectory, says PwC. Lewandowska adds that climate tech and hardware-based startups face funding gaps at later stages of funding, hindering their ability to scale. Access to growth-stage capital remains a significant barrier for climate tech companies in the UK.
He urged climate investors to rethink their risk tolerance to help the best climate startups succeed: “We all want to decarbonize the planet. We all want to ensure the survival of our species. Just switch on the weather report these days, you can see what's happening around us and we all are pulling from the same rope.
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