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1/ We @VersionOneVC have made 3 climate & energy investments since the start of 2020 & want to double down on this space - investing in technology solutions that address the climate crisis is not only crucial from a societal PoV but also represents a great investment opportunity.
2/ So what makes us optimistic that this does not turn into the dismal performance of "cleantech investing" from about a decade ago?
3/ A few things have changed since then:
Public awareness of sustainability & climate change 
Renewable energy is more cost-efficient than ever
Grid is increasingly becoming decentralized
Many more opportunities for software solutions (not only hardware)
Public awareness of sustainability & climate change Renewable energy is more cost-efficient than ever Grid is increasingly becoming decentralized Many more opportunities for software solutions (not only hardware)
4/ Exhibit A: it is now cheaper to build solar than to operate coal/natural gas in many parts of the world.
5/ Exhibit B: the economics of EVs have radically changed since the late 2010s.
6/ To date, we have made investments in 2 areas: demand response & carbon offset tools.
Demand response management is crucial as renewable energy sources like solar or wind are intermittent and hence increase the need for businesses & consumers to manage their energy demand.
Demand response management is crucial as renewable energy sources like solar or wind are intermittent and hence increase the need for businesses & consumers to manage their energy demand.
7/ Carbon offsets projects (eg reforestation) work on removing CO2 from the atmosphere & we need better ways to access & monitor these projects. In this area, we recently announced our investment in @usepatch, an API-platform for carbon offset projects. https://versionone.vc/announcing-patch/
8/ You can read more about our thinking on the opportunities in climate & energy in this excellent post by my colleague @MaxAWebster. It is time to build more clean energy startups - please reach out if you're working on one of those companies! https://versionone.vc/energy-revolution/