Drinking statistics Kool-Aid

My nerdy gear has totally kicked in, and I seem to have drunk statistics Kool-Aid lately 🤷‍♀️

But I thought this chart from State of European Tech -report was just too cool not to share. The chart shows that carbon and energy related investments in European VC were more than a quarter of all deals in 2023. The data for 2023 includes deals only up until September so the numbers may still change.

This is a pretty cool achievement. When I think about those days 20 years ago when I got into cleantech venture capital, this is like night and day.

Back in 2002 there was no segment called energy & carbon in tech investing. Anybody working with cleantech and renewables was classified as a treehugger, nothing to do with "actual" business.

I'm talking my own book here, but unless we do something about the clean energy and infra deployment market, I doubt that the carbon & energy tech investments will stay on the 2023 level.

Where are the VCs that start building alliances with project financing entities? And engaging other infra funders to join the party? Without this missing piece, the carbon & energy tech investments will not be able to get the new solutions to the market.