Amrith Ramkumar of The Wall Street Journal reports on funding for clean tech.
- Even as green energy companies have gotten hammered in the stock market, investors are increasing funding for innovative companies,
- Four climate startups have raised close to $2 billion in the last week.
- One of these companies, Intersect Power LLC, is planning to use its new funding to expand its solar and green hydrogen operations.
- Other startups that have received funding include nuclear fusion company Zap Energy and Electric Hydrogen.
“Intersect Power LLC and three other climate startups have together raised more than $1.6 billion in the past week. Large investment firms and venture capitalists, many with hefty cash piles, appear to be optimistic about the sector despite worries about high inflation and rising interest rates.”
Read the full article here.
The views and opinions expressed are those of the author’s and do not necessarily reflect the official policy or position of C3.
