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Climate Tech

A robot forecaster.
Climate Tech

AI Weather Forecasters Still Need NOAA

While they’re getting more accurate all the time, they still rely on data from traditional models — and possibly always will.

Climate Tech

United Airlines Bets on Heirloom’s Direct Air Capture

The airline is making an investment with an eye toward one day producing jet fuel from the captured carbon.

Green
Politics

What Could Happen Next With the Funding Freeze

Romany Webb, the deputy director of the Sabin Center for Climate Change Law at Columbia University, has some answers.

Green
Climate Tech

Breakthrough Energy Is Slashing Its Climate Grantmaking Budget

Grantees told Heatmap they were informed that Bill Gates’ climate funding organization would not renew its support.

Blue
A forest.

Forest Carbon Removal Gets a $160 Million Vote of Confidence

Chestnut Carbon announces a major new funding round on the heels of its deal with Microsoft.

Green
Tyba facilities.

Tyba Raises $14 Million to Help Batteries Make Money

The startup told Heatmap exclusively that the funding will help it reach new markets in the U.S. and abroad.

Green
Technology

The Defense Department Still Needs Climate Tech

It’s useful for more than just decarbonization.

Camouflage, clouds, and birds.
<p>Heatmap Illustration/Getty Images</p>

Now that President Donald Trump has been officially inaugurated and issued his barrage of executive orders celebrating fossil fuels and shelving climate technologies such as wind energy and electric vehicles, climate tech startups are in a pickle. Federal funding can play a critical role in helping companies scale up and build out first-of-a-kind projects and facilities. So how to work with a government hostile to one of these startups’ core value propositions: aiding in the energy transition?

Talk of clean tech and electrification may be out of vogue, but its utility is not. The potential of many of these companies goes beyond mitigating climate change and into the realm of energy security and resilience — something the Department of Defense is well aware of.

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Technology

One Big Climate Investor Is Bullish About 2025. Another Sees Disaster Brewing.

Obvious Ventures’ Andrew Beebe and Generate Capital’s Scott Jacobs reflect on the past, present, and future of climate tech.

Differing trends and clean energy.
<p>Heatmap Illustration/Getty Images</p>

Climate tech investors have a lot to take stock of at the end of 2024. The macroeconomic environment is shaky and investment in the space is down, but there’s plenty of cash reserves lying in wait. Artificial intelligence and its attendant data center power demand may or may not be the downfall of a future clean electric grid. And in case you missed it, Donald Trump was elected once more, this time drawing the world’s most successful — and notorious — climate tech CEO into his fold.

This week I spoke with two veterans of the industry about all these trends and more — Andrew Beebe, managing director of the venture capital firm Obvious Ventures, which has over $1 billion in assets under management, and Scott Jacobs, co-founder and CEO of the comparably huge sustainable infrastructure investment firm Generate Capital, which has raised over $10 billion to date. And while Beebe sounded jazzed about the year to come, Jacobs struck a more downbeat note as he delved into the difficult realities that climate companies are facing.

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