The AI boom is predicted to disrupt developed economies, but to make that possible companies will have to build new data centers and power plants to operate them. That’s something climate tech investors have taken note of: Companies that provide that kind of infrastructure secured some of the biggest deals of 2024, according to a recent review of the year’s climate tech investing trends.
The review, published this month by Sightline Climate, a leading provider of intelligence on climate tech investing, reveals that total spending continued to be hit by high interest rates and other factors, causing 2024 to see the third successive year of declining investment. But sectors impacted by data center growth bucked the trend: Energy attracted $9.4 billion, a 12 percent increase, and buildings $2.7 billion, up 10 percent.
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