Friday 21 January 2022

New decarbonisation fund seeks to scale ‘boldest ideas’ in climate tech

A new fund targeting early-stage, “revolutionary” technologies that can help accelerate the transition towards net zero emissions has been launched.

Energy Impact Partners' (EIP) 'Deep Decarbonisation Frontier Fund' has a target of $350 million (£258m) and has already received commitments for more than $200 million (£149m) from new and existing investors.

It is seeking to scale the “boldest ideas” in climate technology to solve the “biggest, most challenging problems” in deep decarbonisation.

EIP's in-house team works closely with its strategic investors to identify, invest in and scale disruptive innovation from the early idea stages through to commercial success.

Shayle Kann, Partner in the EIP Frontier Fund said: “We are looking for audacious entrepreneurs taking big swings at big problems in climate tech.

“Over the last six years we have built an ecosystem and process to drive innovation in massive, mature and technically complex industries; nowhere is this skillset needed more than the drive toward deep decarbonisation.”