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NJEDA Establishes New Jersey Green Bank to Advance Climate Goals

American Entrepreneurship

The NJGB will make investments through debt, credit enhancements, and other financial vehicles to attract private capital to enable the state to reach its climate goals. The NJGB will inject capital into New Jersey’s clean energy economy and support green businesses and good-paying jobs in the field.

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World Fund joins $128M bet that quantum can deliver climate breakthroughs

TechCrunch

In a statement, the German VC said it exclusively backs tech with the potential to remove “100 million tonnes” — that is, 100 megatonnes — “of carbon from the atmosphere yearly by 2040.” ” Other investors in the latest round include the EU’s European Innovation Council and Tencent.

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Sydney-based quantum sensing startup Q-CTRL raises $25M Series B led by Airbus Ventures

TechCrunch

Q-CTRL , a Sydney-based startup that provides quantum control engineering solutions, announced today it has raised a $25 million Series B led by Airbus Ventures with participation from Ridgeline Partners, Main Sequence Ventures, Horizons Ventures, SquarePeg Capital, Sierra Ventures, DCVC, Sequoia Capital China and InQTel. .

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Batteries have become VC and PE’s most electric investment opportunity

TechCrunch

Venture capital firms aren’t unusual in the battery world. Batteries are normally considered a high-risk, high-reward investment; the sort of thing that venture capital is made for. There are myriad reasons why both venture capital and growth equity are diving into batteries. in 2035 and France in 2040. So what changed?

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MIT spinoff Via Separations scores $38M Series B to decarbonize manufacturing

TechCrunch

In addition, 2040 Foundation participated, along with existing investors The Engine, Safar Partners, Prime Impact Fund, Embark Ventures and Massachusetts Clean Energy Center. Today, the company announced a $38 million Series B. The round was led by NGP ETP, a firm that focuses on investments that lower carbon emissions.

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To fix the climate, these 10 investors are betting the house on the ocean

TechCrunch

Just offshore wind alone has the potential to meet global electricity demand by 2040, according to the IEA, which is well in excess of all offshore oil and gas production today. But today, it increasingly means tapping the enormous energy represented by the ocean’s winds and waves. We won’t achieve our climate goals without the ocean.

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From root to crown, Mast Reforestation is regrowing the tree economy for the 21st century

TechCrunch

And the companies serving these needs were often a century old or more, relics of the old logging industry that haven’t changed how they work in decades, for lack of either capital or interest. As wildfires became a regular (and devastating) part of many regions’ dry seasons, suppliers of seedlings were caught flat-footed.