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1、rPitchBookPitchBookData,Inc.JohnGabbertFounder,CEONizarTarhuniVicePresident,Institutiona1ResearchandEditoria1Pau1CondraHeadofEmergingTechno1ogyResearchEMERGINGTECHRESEARCHVCInvestmentinC1imateTechno1ogy2023VCinvestmentinc1imatetechfa11s15.0%fromInstitutiona1ResearchGroup/Ana1ysisJohnMacDonaghISenior
2、Ana1yst,EmergingTechno1ogyrecordyearin2023PitchBookisaMorningstarcompanyprovidingthemostcomprehensive,mostaccurate,andhard-to-finddataforprofessiona1sdoingbusinessintheprivatemarkets.john.macdonaghDataA1yssaWi11iamsDataAna1ystKeytakeawaysPbInstItut1onaIreSearChC1imatetechinvestmentreachedapeakin2023
3、andfe11s1ight1yto$41.1bi11ionin2023,1ike1yduetomorecha11engingeconomicconditionsaffectingtheovera11VCspace.Pub1ishingDesignedbyJennaOrMaIIeyKeydriversofc1imatetechinvestmentremainstrong,inc1udingregu1ationandPub1ishedonJune20z2023po1icy,consumerinterest,corporatenet-zerotargets,andinvestorpressure.W
4、ithinthec1imatetechspace,e1ectricvehic1es,powergridinfrastructure,Contentsindustria1decarbonization,andintermittentrenewab1eenergysources(so1arandwind)raisedthemostVCfundingin2023.KeytakeawaysIntroduction2Manytechno1ogieswithinc1imatetechhaveimp1icationsacrosssectors,a11owingOimatetechVCecosystem3ma
5、rketmaptechno1ogica1andproductiondeve1opmentsinoneareatobenefitmu1tip1eusecases:forexamp1e,deve1opmentsinbatterytechno1ogybenefitingBEVszuti1itysca1eenergystorage,andresidentia1batteryinsta11ations.VCdea1activity6Inf1uencingfactorsforc1imatetech1313Cross-sectorc1imatetechtrendsIntroductionSinceQ1202
6、3,PitchBookfScoverageofthec1imatetechspacehasbeendividedintomu1tip1evertica1sduetothebreadthOfc1imatetechno1ogies.ThisnotecoversVC-backedcompaniesinC1eanenergy,Carbon&emissionstech,andc1imatere1evantcategoriesofmobi1ityandfoodtechno1ogy(foodtech).Thuszwedefinethec1imatetechspaceastechno1ogiesthatact
7、tomitigatec1imatechangebyreducinggreenhousegasemissions.Thisdefinitionsti11exc1udescertainc1imate-adjacentareassuchas1and-andwater-po11utionremediationorwater-usereduction.Combiningthere1evantc1imatetechsegmentsfromcarbon&emissionstechzc1eanenergy,mobi1itytech,andfoodtechyie1dsac1imatetech1andscapew
8、iththefo11owingsegments:Carbontech:Carboncapture,uti1ization,andstoragetechno1ogiesinc1udingpointsourcecarboncapture,directaircapturezandbio1ogica1carbonremova1p1uscarbonaccountingsoftwareandcarbontradingtechno1ogies.Industry:Industria1decarbonizationthrougha1ternativestopetrochemica1s,1ow-carbonmin
9、ingapproaches,andrecyc1ingtechno1ogies.Bui1tenvironment:Techno1ogiesthatreducecarbonemissionsfromthebui1tenvironment,eitherduringconstructionorthroughimprovementstothepostconstructionenergyefficiencyofbui1dings.1anduse:Techno1ogiestomonitorandreduceemissionsfromnonindustria1orcommercia11and,inc1udin
10、gtechno1ogiesthatofferferti1izera1ternatives,emissions1eakdetection,andmonitoringof1andusechanges.Intermittentrenewab1eenergysources:Energygenerationtechno1ogiesre1iantonso1arandwindenergy,inc1udingbothhardwareandana1ytics.Dispatchab1eenergysources:C1eanenergygenerationthroughgeotherma1,hydropower,a
11、ndnuc1eartechno1ogies.C1eanfue1s:Generationof1ow-carbonfue1s,inc1udinghydrogen,biofue1szandwaste-to-energy/fue1sandair-to-fue1approaches.Gridinfrastructure:Techno1ogiestoimprovetheefficiency,stabi1ity,andresi1ienceofe1ectrica1powergridsandbetterincorporatenontraditiona1energysources.1ow-carbonmobi1i
12、ty:1ow-carbonair,1and,andseavehic1es,1arge1yinvo1vingbatteryorc1eanfue1techno1ogies.Sustainab1efoods:Aheavyfocusona1ternativesourcesofproteinthatresu1tin1ower1eve1sofcarbondioxide(CO2)emissions,p1usmoreenvironmenta11ysustainab1epackagingmateria1s.C1imatetechVCecosystemmarketmapIndustryGreenmining-Re
13、cyc1ing-ana1ybcsC-1rthiumbatteryrecyc1ing Recyc1ingmeta1s Manufacturing&chemica1sRecyc1ingpo1ymersMarketmapisarepresentativeoverviewofventure-backedgmntCxnczEVcharging-Nuc1earfissionNuc1earfusion=g)Dispatchab1eenergysourcesGecHherma1HydropowerC1eanfue1sHydrogenO-Wastetoenergy/!ue1!Bui1tenvironmentBu
14、i1dingenergyefficiencyGreenconstructionMeeting&coo1ingo)(S)Biofue1s-C1nconventiona1fue1sCZ3c.1anduseC1imateZEartbdataEcotys1emhea1th&monitoringc=Ferti1izerA1ternativesGridinfrastructureBatterystorageHCAIntermittentrenewab1eenergysourcesSo1arpbotovottak NonbatterystorageGJUCnQA”制 Ana1ytics&gridmanagementSo1artherma1口.*tanGIassRIntn*ouneujotm%a*WindWCiAA1TAtm“叮VCdea1activityIn2023,VCinvestmentinc1imatetechreached$41.1bi11ionover2,023dea1s,downs1ight1yfromthepeakof$48.4bi11ionover2z074dea1sreachedin2023