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Cleantech Group

✍  NEW REPORT - Public Guarantees for Cleantech Manufacturing: How to free up working capital for EU clean technologies ✍
 
In new research, we tackle one of the thorniest and yet under-discussed challenges for fast-growing European cleantech innovators ready to industrialise: the lack of access to bank guarantees. Our in-depth interviews with actors across the cleantech innovation eco-system revealed that bank #guarantees for #manufacturing have emerged as a major barrier to achieving Europe’s cleantech ambitions. 
 
As the European Commission and European Investment Bank (EIB) prepare to launch a counter-guarantee instrument for manufacturers in the #Wind and #Grid sectors, our report makes an urgent call for these counter-guarantees to be widened to other strategic cleantech equipment, such as #electrolysers, long-duration energy storage systems (#LDES) and innovative renewables. 
 
When selling innovative equipment, cleantech manufacturers are asked for a series of bank guarantees. Because of their lower bankability compared to large industrials, banks ask for 100% cash collateral for the guarantees, tying precious capital that should go to building up their manufacturing capacity. Public counter-guarantees offer policymakers an efficient instrument to free up scarce private capital towards cleantech manufacturing. Guarantees have a relatively low loss rate: for every euro of public money spent, tens to hundreds of euros of working capital could be invested in cleantech manufacturing.
 
Our report makes the case for urgent action:

🏦  Setting up an EU-wide scheme managed by a leading institution such as the EIB. It would provide counter-guarantees for cleantech equipment, focus on the scaleup of cleantech manufacturing, cover at least 80% of the risk. The scheme could start by focusing on advance payment guarantees, the easiest and least risky of manufacturing guarantees

💲 An initial scheme should cover at least €5 billion of counter-guarantees (for instance: up to 200 million for 25 companies), and if successful expand to €20 billion in the coming years.
 
⏰ The time to act is now. A critical mass of cleantech scale-ups are reaching the industrialization stage and are receiving more and more requests for bank guarantees to sell their solutions. The next 2-3 years are a crucial juncture for achieving the EU’s 2030 climate and industry targets.  
 
https://lnkd.in/eXQmcjij

We couldn’t thank colleagues enough for their many and deep contributions to this paper, in particular Ben Potter Paolo Cavallini Mark Roemer Christopher Frey Frank Posnanski Elisabeth Springer Julia Reinaud Philipp Offenberg Peter Sweatman Tobias Lechtenfeld 
 
Cc Ann Mettler Jean-Sebastien Chenu Nassima F. Irene Gálvez María Serrano Hernández Ruben Devogelaer Raluca Stanciu Anna Krzyzanowska  Lynn Côté, MBA Katrin Sturm Stephan Herrmann Jose Noldin

Start the new year off right with Cleantech Forum North America, San Diego, January 22-24. Top-notch networking and business development are combined with high-quality programming feature the best speakers in the sustainable innovation ecosystem. Tickets for the Forum are selling fast and are already 70% sold, so secure your spot today.
 
Don’t miss your chance to dive deep into topics like decarbonizing hard to abate industries, sustainable aviation fuels, energy and power hot topics, alternative protein, green hydrogen, and so much more from a growing list of speakers and Cleantech Group analysts.  See you in January!
https://hubs.li/Q02bGd1c0
 
#CleantechForumNorthAmerica #altprotein #cleantech #sustainableaviationfuel #greenhydrogen
- Ratu Mataira-Cole , CEO, OpenStar Technologies
- Christina Houlihan, CEO, Bspkl
- Ian Hayton, Group Lead, Materials & Chemicals, Cleantech Group
- Robert Schuetzle, CEO, Infinium
- Meghan Bader, Director, Breakthrough Energy 
- Lauren Madden, CTO, BlueNalu
- Ricky Sakai, SVP, Mitsubishi Heavy Industries America
- Bob O’Connor, Partner, Wilson Sonsini Goodrich & Rosati
- Jeanette Jackson 🌱, CEO, Foresight Canada
- Karin L Burns, CEO, San Diego Community Power
- Justin Briggs, COO, Antora Energy
- Joe Zhou, CEO, Quidnet Energy
- Paige Carratturo, Co-founder, Sea Change

The report in its entirety is chock full of excellent data and insights. Congratulations Startup Genome!
Read the full report: https://lnkd.in/e_BYtyew

While farming livestock supplies around 26% of humanity’s protein needs, it is responsible for 10% – 20% of global greenhouse gas emissions. Is cultivated meat the solution to slashing emissions?

Currently, production costs remain exceedingly high and the technology is limited to research laboratories and a handful of pilot facilities. How far are we from commercial-scale manufacturing required to replace livestock industry?

Find out about the progresses and challenges of #cultivatedmeat in Jack Ellis’ latest perspective:https://hubs.li/Q02bbfRh0
Tiamat Sciences Corp., Bright Biotech, Future Fields, IntegriCulture, Multus, Cellular Agriculture UK, The Cultivated B, Gelatex, Steakholder Foods

3D printing for automotive manufacturing by Divergent, copper free motors by Advanced Electric Machines, a marketplace for recyclable materials by ScrapAd and more - find #cleantech investment worth looking at in Arianna Bernas' Recent Deals:
 
https://hubs.li/Q02bgRPX0

Never before has it been so crucial for the #cleantech #founders to understand what their funding path would look like when searching for and accepting an investment. Tip: it's not as typical as a "normal b2b saas" we've encountered in Estonia so far.

Thankfully, last week came to show all of that as the Cleantech Group's Cleantech Forum Europe finally took place in Estonia, bringing together the brightest of 'em all to dive deep into deep and cleantech.

It was an effort planned for 2 years, and luckily we had the City of Tallinn throwing a large NEXPO Tallinn to showcase what is being done in sustainability. A group effort, a synergy without which this sector can not fulfil the goals of climate neutrality. What a blast!

A big shout-out to:
- Richard Youngman for making the Forum happen here and bringing the most concentrated cleantech experts and VCs to our small-in-size yet big-in-innovation nation.
- Kädi Ristkok for bringing Cleantech Estonia to its new heights with a synergistic strategy and pulling the strings on-site.
- Priit Lepasepp for always keeping your heart in the clean space and kickstarting the hell out of the most impactful endeavours.

As Richard mentioned during his first words at the Forum, Thinking of a cleantech bubble is “lazy thinking” - the cleantech sector is much widespread in different sectors and subsectors.

There's work to do, let's get back to it.

Craig Douglas Ben Murphy Anton Arts Reid Carroll Mario Fernandez Mariano Berkenwald Petr Míkovec Adelaide Cracco Pippa Gawley Nicholas Parker Imants Martinsons Laima Balčiūnė Jana Budkovskaja Indrek Kelder Helery Pops Federico Fini Rasmus Udde Sille Pettai Yoachim Haynes Stephen Marcus Siim Teller Emil Johannes Metsson Kristjan Kuhi

Despite challenging macroeconomic conditions in #cleantech throughout the year, what are the positive shifts in #cleantech innovation dynamics that offer cause for optimism?

Cleantech innovators are aiming for the more challenging problems in climate change, getting younger, and coming from more diverse geographies, while seed investments are a higher percentage of overall venture investments now more than ever. 

In the third quarter of 2023, it has become clear that the spike in Asia-Pacific fundraising rounds is a 2023 headline. The UK has maintained the leading position for startups across Europe & Israel, with #carbon management as a central theme, while China overtakes India with startups in #advancedenergy materials and advanced manufacturing sectors. Besides the Energy & Materials nexus, Agriculture & Food experienced no drop-off in fundraising amounts from Q2 to Q3, where funding went to #precisionagriculture, crop inputs, and technologies for animal and aquaculture management.

Find out the most prominent #cleantech innovators and investment trends of Q3 in Anthony DeOrsey Jr.’s latest Quaterly Investment insight:https://hubs.li/Q029FG6k0

HiTHIUM Energy Storage, I-Pulse Inc., Sinoscience Fullcryo, Lyten, General Graphene Corporation, BeDimensional S.p.a., Redwood Materials, Ascend Elements, Atlas Agro, Aphea.Bio, eFishery, CH4Global,  Tokamak Energy , Smart Apply®, Inc., Pairwise , 1PointFive, CarbonCapture Inc., Carbon Engineering Ltd.

Great interview and great way to kick off the 2023 #CleantechForumEurope.

#Ammonia - the fuel of the future?

Ammonia cracking, the dissociation of ammonia into hydrogen and nitrogen, broadens potential applications for ammonia as an energy carrier and fuel, including applications for energy, transportation and industrial processes.

The demand for alternative fuels and energy transportation has peaked the interest in ammonia cracking innovation, where venture money and corporate engagement is increasing. However, demand  is tied to the success of low carbon #greenammonia production, where round efficiencies and cost reduction are needed to achieve competitiveness with other developing solutions.

Find out how new approaches to ammonia cracking are bridging the innovation gap and who is leading the way in Ian Hayton’s latest perspective: 
https://lnkd.in/gPBtsrBs

Amogy, Sunborne Systems, Ammonigy GmbH, Syzygy Plasmonics, Bettergy, React

💪 Cleantech for Iberia launches coalition to supercharge Iberian cleantech with investors representing funds of over €1 billion 💪

Europe faces a polycrisis with #energy at its centre. To tackle challenges such as war, inflation and supply chain disruption in an era of geopolitical turmoil, leading global economies are embroiled in a full-swing race to deploy cleantech innovation. While last financial quarter offered the narrowest-ever gap in EU-North America investment, we risk falling behind. To maintain our competitiveness, a strong Iberian cleantech economy is vital. 

Yesterday , at the WebSummit LLC, we presented our coalition. We have convened 18 innovators, investors and universities, all of them key players of the region’s cleantech ecosystem. 

Momentum behind the Iberian cleantech scene has grown rapidly over the past several years. According to our in-house investment data, in 2022, €676 million was invested in Iberian cleantech, a six-fold investment increase over the previous five years. 

With abundant sources of clean energy like wind and solar, a developing green hydrogen economy and a strong existing industrial base, Spain and Portugal possess many potential competitive advantages in frontier sectors such as green steel, green fertilisers and long-duration energy storage.

Our coalition will now accelerate the deployment of the most ambitious climate and industrial solutions, forging an ecosystem which brings capital, technology and policy working together to enable Iberian net-zero industrial leadership.

This launch marks the ignition of the cleantech movement in Iberia. The best is yet to come! 

Thanks to everyone who came together to make this happen! 

Also special thanks to MEP Lídia Pereira, co-chair of the Cleantech Friendship Group in the European Parliament, who attended the launch - thanks for your presence and steadfast support of clean technologies in Portugal and throughout the EU. 

Breakthrough Energy  
Seaya, Net Zero Ventures, Alantra  Zubi Group, Adara Ventures, Axon Investment, Inclimo Climate Tech Fund, A&G Kira Ventures, BBVA; FertigHy, Malta Inc, H2 Green Steel, Plastic Energy, Build to Zero, REGA ENERGY, IE University Universidade Nova de Lisboa Lídia Pereira

Photo Credit: Gilby VM

https://lnkd.in/eEPPzghz

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Cleantech Group is a research-driven company that helps catalyze opportunities for sustainable growth powered by innovation. They provide access to trends, companies, and people shaping the future, along with customized advice and support for businesses to engage in external innovation. Their insights and expertise are delivered globally through research, consulting, and events.

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