Global asset manager Algebris Investments announced today the launch of Algebris Climatech, a new fund aimed at investing in climate and deep tech startups across the energy, materials, industrials, and food sectors. Algebris Climatetech is the first venture fund by Algebris, and follows the launch by the firm of its first private equity fund, Algebris Green Transition, focused on sustainable…

The European Investment Bank (EIB) and Paris-based financial services group Societe Generale announced the launch of a new clean energy financing initiative, aimed at unlocking as €8 billion in investments to support manufacturers across the wind energy supply chain in Europe. The initiative includes a €500 million EIB counter-guarantee that Societe Generale will use to create a portfolio of bank…

Clean fuel tech startup Amogy announced that it raised $56 million in venture financing for solutions aimed at decarbonizing transportation, heavy industry and other sectors. With this latest financing, Amogy said that it will accelerate commercializing its technology in maritime shipping and stationary power generation, and continue strengthening its research and development efforts and manufacturing capabilities. Founded in 2020, Brooklyn,…

Google announced that is has signed the largest-ever biochar-based carbon removal agreements, with two new 100,000 tonne deals to buy carbon removal credits from India-based Varaha and California-based Charm Industrial, for a total of 200,000 tonnes by 2030. Biochar, or biological charcoal, is produced by heating biomass, such as forest residue, wood or crop waste, in the absence of oxygen,…

World Bank Group member the International Finance Corporation (IFC) announced today that it has raised $2 billion in a new social bond offering, with proceeds aimed at funding projects supporting low-income communities in emerging markets. The offering was more than 5x oversubscribed, with an order book reaching $11 billion, the largest-ever for a single bond issuance by IFC, enabling the…