The funding round was co-led by EDP Ventures alongside Clean Growth Fund and Future Energy Ventures.
"We are delighted to join CGF and FEV as investors in this funding round and we’re thrilled to strengthen our partnership with Piclo. This collaboration will enhance our distributed energy resource assets, such as decentralized storage and industrial and residential assets, globally. With this partnership, we aim to contribute even more to the decarbonization of energy systems worldwide and explore new opportunities in flexibility markets"
The £6m round was led by Clean Growth Fund, Eurazeo, and Aviva Ventures to scale low-carbon heating infrastructure.
"Decarbonising heat is critical to achieving our net zero targets. Rendesco’s heat network solutions provide a cost-effective and efficient route to delivering the low-carbon heat required for the transition away from gas to renewable alternatives. This investment aligns with our commitment to empower early-stage entrepreneurs to tackle the climate change crisis."
The seed round was co-led by UCL Technology Fund, Clean Growth Fund, XTX Ventures, and Dorilton
"AI computational needs are increasing by 10 times every 18 months. This leads to distributed training and inference across large numbers of xPUs. Collective data movement across the servers in the data centre becomes a bottleneck which in turn limits the training and inference completion time. This requires a fundamental shift in the co-design of next generation networked systems."
Clean Growth Fund backed the Cambridge biotechnology startup to accelerate the commercial rollout of its HBx biofuel.
"Clean Growth Fund’s investment in HutanBio, coupled with the strong commercial interest in HBx now being shown by potential customers from around the world, is hugely exciting and underlines the company’s massive potential. We have been patient and rigorous in our scientific work to ensure that HBx is market-ready, demonstrating the world-class expertise and tenacity of our team. We believe that HBx unlocks the biofuel puzzle, with the capability to produce a cost-effective biofuel an order of magnitude greater than any other oil-crop."
