Clean Growth Fund is a UK clean-tech venture capital fund.
Clean Growth Fund led the financing round alongside backers including Vectr7 Investment Partners and MMC Ventures to support research and recruitment.
"Our technology offers a simple solution for office occupiers who are under pressure to take action and cut energy costs and reduce emissions. Our solution can pay back financially within two years and allows business customers to reduce their electricity bills by at least 20%."
The funding round was led by Planet A Ventures with participation from Clean Growth Fund, UCL Technology Fund, and Cambridge Enterprise.
"At a time of escalating fuel prices and increasing emphasis on CO2 reduction targets, there is an urgent need for action. Carbon Re is connecting the biggest challenge of our time – climate change – with the biggest opportunity – advances in AI. Our cement plant trials have demonstrated that Delta Zero can deliver dramatic CO2 savings on a near-live basis."
Clean Growth Fund and Barclays led the Series A investment to support the commercialisation of industrial carbon capture solutions.
"Given the challenges facing industries like cement and steel to cut their CO₂ emissions and their energy use, we are excited about the massive potential for MOF Tech across the world. With our investment, alongside the commercialisation support that we offer to all of the companies in our investment portfolio, I’m confident that MOF Tech can quickly become a sought-after technology provider to heavy industries across the world who need to decarbonise as a matter of urgency."
Clean Growth Fund leads £2.5m investment round in tepeo to support commercialisation of its domestic heating technology.
"We have carried out successful trials of the ZEB in a range of house types, and with the welcome investment from the Clean Growth Fund, we are in a strong position to launch our commercial ZEB in the autumn and extend our product range. We are initially targeting all types of dwellings of up to three bedrooms, but we intend to market future models to larger homes too."
Mott MacDonald Ventures has joined the Clean Growth Fund and Green Angel Syndicate to back the energy flexibility platform.
"Strategic partnerships are very important for facing up to the challenge of decarbonisation, so it’s fantastic to close our Series A round with a like-minded investor that is as ambitious as we are. Alongside Mott MacDonald with the active support of the Clean Growth Fund and the Green Angel Syndicate, Piclo will continue to accelerate flexibility markets in the UK and internationally, grow our team and ramp up the development of new solutions"
