Vitality Worth Spike Feeds Pickup in Funding for Local weather Tech
Hovering power prices bolstered investor demand for expertise to cut back reliance on fossil fuels final yr, offering a brilliant spot amid a meltdown in world markets.
Funding in local weather tech by enterprise capital and personal fairness swelled to $59 billion, a 4% improve from 2021, in line with a report revealed Wednesday by BloombergNEF, a clear power analysis group. Funding for transportation, together with electrical autos, and firms specializing in clear power together with photo voltaic and wind led the 1,182 offers within the interval.
Russia’s invasion of Ukraine firstly of final yr pushed
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