Some good industry background for anyone interested in climate tech in the new Silicon Valley bank report:
Climate tech entrepreneurs and investors are dedicated to developing and funding technologies that support radical change while ensuring healthy economic growth. The latest edition of our report looks at the technologies driving a sustainable future. Here are three takeaways from the report:
01 Commitment to a cleaner tomorrow
49 countries and 93 Fortune 500 companies have committed to net-zero targets, expanding market opportunities in climate tech.
02 Investors warm up to climate tech
US VC investment in climate tech increased 80% between 2020 and 2021, reaching $56 billion, with energy and power experiencing the fastest growth.
03 Exit activity on the rise
The value of climate tech exits reached at least $114 billion with over 104 US companies exiting in 2021, a 70% year-over-year increase. Read the full report at SVB.