Over $115 million in transactions as Svante secures an investment & other news from cleantech firms

Svante Secures Up to $100 Million Investment from Canada Growth Fund to Accelerate Carbon Capture Technology

Svante, a Canada-based leader in carbon capture and removal solutions, has secured up to $100 million in investment from Canada Growth Fund Inc. (CGF) to accelerate the development and deployment of its innovative carbon capture technology. The investment will be made in two tranches, with an initial $50 million to be disbursed immediately to advance first-of-a-kind (FOAK) projects and a potential second tranche of $50 million to support further project development, particularly in Canada.?

This funding will bolster Svante's ongoing construction of a state-of-the-art facility in Burnaby, BC, capable of producing filters that capture 10 million tonnes of CO2 annually and will drive the company's global expansion while retaining Canadian intellectual property and jobs. https://bit.ly/3YTGlXO

DRIFT Energy Secures $6.5 Million Investment Led by Octopus Ventures to Pioneer Energy-Generating Yachts

DRIFT Energy, a UK-based startup specialising in energy-generating sailing vessels, has secured $6.5 million in Series A funding, led by Octopus Ventures and supported by Blue Action Accelerator. This investment will enable DRIFT Energy to begin vessel production next year. The company aims to deploy a fleet of high-performance yachts that harness deep ocean wind to produce green hydrogen at sea and distribute it globally.?

Founded in 2021 by Ben Medland , DRIFT Energy's innovative "Energy Yachts" use AI-driven navigation to optimise routes for hydrogen production. The company is positioning itself at the forefront of renewable energy innovation, with a goal to build its first 1MW-capable vessel by 2025 and significantly reduce global CO2 emissions by 2050. https://bit.ly/3Mas0OW

Wattnow Secures Investment from Lateral Frontiers VC to Enhance Energy Management Solutions

Wattnow, a Tunisia-based energy management startup, has raised undisclosed funding from Lateral Frontiers VC through its Lateral Frontiers Fund II.?

Founded in 2018 by Issam Smaali , Wattnow provides companies with a smart energy management system that offers actionable insights into their energy usage. The system identifies trends, waste sources, and anomalies to optimize energy consumption across multiple locations.https://bit.ly/3SVeUcc

Spark Secures $9 Million Debt Funding from Symbiotics and Triple Jump

Spark Energy Services (Spark), a US-based energy services company, has closed a $9 million senior debt round, with $5 million from Symbiotics Investments via a green bond and $4 million from Triple Jump's Energy Entrepreneurs Growth Fund.?

The company, developed by Camco to enhance energy efficiency and renewable energy projects in sub-Saharan Africa’s commercial and industrial sectors, is now aiming to raise an additional $20 million in senior debt over the next twelve months. This follows an existing $10 million junior debt commitment from the European Investment Bank (EIB) and nearly $10 million from FSD Africa Investments, Jaltech Fund Management, Fortis Green Renewables, and Camco. https://bit.ly/4dQsB49

Zhide New Energy Secures Millions in D+ Round Investment?

Zhide New Energy, a developer of high-capacity silicon negative electrode materials for lithium batteries, has raised hundreds of millions of yuan in its D+ round of investment.?

The funding was provided by Jinshi Growth Equity Investment (Hangzhou) Partnership under Jinshi Investment, CICC (Yibin) Ecological Civilization Industry Development Equity Investment Partnership under CICC Capital, and Moutai Jinshi (Guizhou) Industrial Development Fund Partnership under Moutai. https://bit.ly/3Xe0g1d

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