Cleaner Tech

Investment Drops in a Crucial Part of the Climate Tech Ecosystem

Younger companies are finding it challenging to raise money for building commercial-scale plants, putting early-stage technologies in a hard place.

Electricity pylons alongside solar panels at a solar farm near Chesterfield, UK, on Monday, May 20, 2024. Regulator Ofgem are due to announce thier latest energy price cap levels on May 24.Photographer: Dominic Lipinski/Bloomberg

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By Michelle Ma

July 5, 2024 at 1:00 PM UTC

This article is for subscribers only.

Climate tech startups are running into a major bottleneck: Funding for companies ready to build commercial-scale facilities is declining.

Investment dropped 20% in the first half of 2024 compared to the same period last year, but backing for growth-stage companies fell even further, according to a new report published Friday by intelligence firm Sightline Climate.