Climate Strategy & Partners

Anyone following #energyefficiency #investing should read this post by our #CEO Peter Sweatman reflecting on a decade of #EEFIG

Our CEO Peter Sweatman provides a quick-take from the high energy Breakthrough Energy Summit 2024 in London Climate Action Week

This Friday, the European Investment Bank (EIB) Board of Governors will approve its new Strategic Roadmap for 2024-2027, which will support the EU build leadership and #competitiveness in strategic #cleantech sectors. Energy Dome, together with a group of 38 other European cleantech innovators, investors, industry associations, researchers, and NGOs, has sent a letter to EIB President Nadia Calviño and Chairman of the Board Vincent Van Peteghem calling for expanding EIB #guarantees to unlock EU industrial competitiveness.   Why are we championing for public guarantees for Cleantech?   • Bank guarantee shortfall: European cleantech manufacturers often decline orders due to insufficient bank guarantees -this hinders growth and threatens Europe’s industrial landscape.   • Scaling up cleantech manufacturing: guarantees are essential for Europe’s cleantech manufacturing, they bolster global competitiveness, support our green industry, and ensure a resilient energy transition.   • Our joint letter: taking part in writing it, we’ve outlined five specific requests to the EIB, emphasizing the expansion of public guarantees, including both manufacturing guarantees and loan guarantees, vital for ramping up production capacity.   If you’d like to read the letter in full, you can do so here: https://lnkd.in/dSVXxJ-r   Climate Strategy & Partners Tech for Net Zero Cleantech for Europe I4CE - Institut de l'économie pour le climat / Institute for Climate Economics 2150 1.5° Ventures Airborne Wind Europe Aster Capital Atlantic Labs CAPHENIA Carbon-Free Europe DeepDrive Electrochaea EASE - The European Association for Storage of Energy Extantia Future Cleantech Architects Munich Venture Partners HV Capital ICODOS IKEM – Institute for Climate Protection, Energy and Mobility Jacques Delors Institute Kiko Ventures KRAFTBLOCK Matterwave Ventures Novocarbo Ocean Energy Europe Planet A Ventures Renewable Hydrogen Coalition RIFT Sunfire SFV EUREC - The Association of European Renewable Energy Research Centres Trill Impact UnternehmerTUM Vireo Ventures World Fund xSV Group   #EnergyDome #OurWorldCantWait #sustainability #longdurationenergystorage #innovation #CO2Battery #decarbonization #LDES #renewables

Open letter | The European Investment Bank (EIB)’s Strategic Roadmap 2024-2027 should stimulate more public guarantees to unlock the EU’s cleantech competitiveness Future Cleantech Architects, together with Climate Strategy and over 35 European organizations, has signed a joint letter directed to the President of the EIB and the Chairman of the Board of Governors. The letter urges the EIB to expand its public guarantee programs to enhance Europe's cleantech manufacturing capabilities and reinforce the EU's competitiveness in the global green industry. "To turn innovation into cleantech deployment, the support and confidence of financial institutions is crucial. Through public guarantees, the EIB can provide this essential security for cleantech ventures, enabling them to fund their development at lower borrowing costs, attract private investors and access capital markets more easily, and secure longer-term financing” - Peter Schniering, Founder & CEO   By offering guarantees, the EIB can help cleantech manufacturers access deeper and more liquid European capital markets, reducing reliance on expensive equity and venture capital, and enabling manufacturers to compete globally and contribute to Europe's energy transition. The EIB should focus on providing manufacturing and loan guarantees to crucial cleantech sectors, such as batteries, energy storage, electrolyzers, solar photovoltaics, industrial heat pumps, and innovative renewables, to address financing gaps and enable large-scale project developments. The 39 signatories: Climate Strategy & Partners Tech for Net Zero Cleantech for Europe I4CE - Institut de l'économie pour le climat / Institute for Climate Economics 2150 1.5° Ventures Airborne Wind Europe Aster Capital Atlantic Labs CAPHENIA Carbon-Free Europe DeepDrive Electrochaea Energy Dome EASE - The European Association for Storage of Energy Extantia Future Cleantech Architects Munich Venture Partners HV Capital ICODOS IKEM – Institute for Climate Protection, Energy and Mobility Jacques Delors Institute Kiko Ventures KRAFTBLOCK Matterwave Ventures Novocarbo Ocean Energy Europe Planet A Ventures Renewable Hydrogen Coalition Sunfire SFV EUREC - The Association of European Renewable Energy Research Centres Trill Impact UnternehmerTUM Vireo Ventures World Fund xista science ventures Read the complete letter below or find the PDF here: https://lnkd.in/d_fkgQyn Marlène Siméon Magnolia Tovar Francesca Brunner

Welcome to the bi-weekly #CleanTechEU post! Following last week’s #EUelections2024, let's dive deeper into some of the potential faultlines - and what they might mean for the next 5 years. 🗳️ Firstly - what happened? ▶️ We’re seeing a clear shift rightward in the Parliament. With this dynamic still playing out, the future of the Green Deal is uncertain. The centre has held, but the eventual coalition partners will set the tone. An EPP-S&D-Renew-Greens coalition would see the Green Deal work continue, as we move towards a 2040 target. However, if the ECR instead form part of the majority in parliament, climate risks being depriotised. ▶️ Cleantech policy - the pursuit of a green, reindustrialised Europe - is one constant, however. Jobs & competitiveness is a priority for all parties, with the choice only between whether it is framed as part of a “Green Deal 2.0” or a strategy for a “Sovereign Europe”. 🏭 ▶️ Where risks arise, however, is in the all important question of investment. In our research at #I4CE (led by Clara Calipel), we find that annual climate investments need to double if we are to reach our 2030 targets. 👉 https://lnkd.in/eepvJ8u6 ▶️ Finding new Member State finances to contribute to EU efforts - even if only for the political priority that is cleantech manufacturing, and not the wider climate investment needs - has been challenging. One need only look at the shortcomings of STEP, as analysed by Ciarán Humphreys. 👉 https://lnkd.in/emfxNKHY ▶️ The new political paradigm poses yet more challenges. Leaders that could be at the forefront of the charge on an EU cleantech investment plan, such as Germany's Scholz & France's Macron are embattled following the election results, and risk losing power to hawks wary of contributing more to EU funds. ▶️ Using what public funds we do have effectively at EU-level is a must. In an open letter to the European Investment Bank (EIB), 39 cleantech innovators, investors & experts (including I4CE - Institut de l'économie pour le climat / Institute for Climate Economics) have called for the better use of one important tool - public guarantees.  👉 https://lnkd.in/dSVXxJ-r ▶️ Brussels might feel that it has weathered the worst of a far-right storm - but the work is only just beginning. While debates still rage about the direction of the next five years, the consensus is clear - we need an EU that acts. For that, we need an EU that invests! 🎬 With that, we wrap up the #CleanTechEU thread! Thank you for joining us and be sure to follow #I4CE - for Climate Economics updates. ✒️ Don’t miss out as Carbon Gap pens the next post on Wednesday, July 3rd.

Thanks to Verlag Der Tagesspiegel for publishing this letter in #Energy and #Climate brief today: https://lnkd.in/d-PwUhDV

This Friday, the European Investment Bank (EIB) Board of Governors will approve its new Strategic Roadmap for 2024-2027, which will support the EU build leadership and #competitiveness in strategic #cleantech sectors. Together with a group of 39 European cleantech innovators, investors, industry associations, researchers and NGOs, we have sent a letter to EIB President Nadia Calviño and Chairman of the Board Vincent Van Peteghem calling for expanding EIB #guarantees to unlock EU industrial competitiveness. Why public guarantees for cleantech? 👇 💰 Several cleantech sectors are currently under pressure due to the large-scale investments being made by other global players like China and the US. European cleantech manufacturers are being forced to turn down orders for lack of bank guarantees, which greatly limits the growth of these clean industries in Europe. Without a targeted solution, European manufacturers and supply chains will suffer competitively, with non-European competitors seizing the market share and undermining Europe’s industrial base. ⚡ A leaked version of the EIB Strategic Roadmap underscores guarantees as one of the EIB instruments that can efficiently address the financing gap of cleantech start-ups and SMEs by crowding-in private investments. The signatories of this letter strongly support this. By shifting risk from commercial banks to the EIB's balance sheet and the European budget, via InvestEU, European banks can offer new guarantee lines for cleantech projects and promote bank lending to emerging cleantech manufacturing. 👷♀️ Guarantees are essential to scale-up Europe's cleantech manufacturing significantly, reinforce the global competitiveness of EU green industry and secure Europe’s energy transition and resilience. In our joint letter, we make five detailed asks that outline how the EIB can help grow strategic cleantech sectors with the expansion of its public guarantee and including both manufacturing guarantees and loan guarantees to ramp up manufacturing capacity. 👇 https://lnkd.in/dSVXxJ-r The 39 signatories: Climate Strategy Tech for Net Zero Cleantech for Europe I4CE - Institut de l'économie pour le climat / Institute for Climate Economics 2150 1.5° Ventures Airborne Wind Europe Aster Capital Atlantic Labs CAPHENIA Carbon-Free Europe DeepDrive Electrochaea Energy Dome EASE - The European Association for Storage of Energy Extantia Future Cleantech Architects GET HV Capital ICODOS IKEM – Institute for Climate Protection, Energy and Mobility Jacques Delors Institute Kiko Ventures KRAFTBLOCK Matterwave Ventures Novocarbo Ocean Energy Europe Planet A Ventures Renewable Hydrogen Coalition RIFT Sunfire SFV EUREC - The Association of European Renewable Energy Research Centres Trill Impact UnternehmerTUM Vireo Ventures World Fund xista science ventures

This Friday, the European Investment Bank (EIB) Board of Governors will approve its new Strategic Roadmap for 2024-2027, which will support the EU build leadership and #competitiveness in strategic #cleantech sectors. Together with a group of 39 European cleantech innovators, investors, industry associations, researchers and NGOs, we have sent a letter to EIB President Nadia Calviño and Chairman of the Board Vincent Van Peteghem calling for expanding EIB #guarantees to unlock EU industrial competitiveness. Why public guarantees for cleantech? 👇 💰 Several cleantech sectors are currently under pressure due to the large-scale investments being made by other global players like China and the US. European cleantech manufacturers are being forced to turn down orders for lack of bank guarantees, which greatly limits the growth of these clean industries in Europe. Without a targeted solution, European manufacturers and supply chains will suffer competitively, with non-European competitors seizing the market share and undermining Europe’s industrial base. ⚡ A leaked version of the EIB Strategic Roadmap underscores guarantees as one of the EIB instruments that can efficiently address the financing gap of cleantech start-ups and SMEs by crowding-in private investments. The signatories of this letter strongly support this. By shifting risk from commercial banks to the EIB's balance sheet and the European budget, via InvestEU, European banks can offer new guarantee lines for cleantech projects and promote bank lending to emerging cleantech manufacturing. 👷♀️ Guarantees are essential to scale-up Europe's cleantech manufacturing significantly, reinforce the global competitiveness of EU green industry and secure Europe’s energy transition and resilience. In our joint letter, we make five detailed asks that outline how the EIB can help grow strategic cleantech sectors with the expansion of its public guarantee and including both manufacturing guarantees and loan guarantees to ramp up manufacturing capacity. 👇 https://lnkd.in/dSVXxJ-r The 39 signatories: Climate Strategy Tech for Net Zero Cleantech for Europe I4CE - Institut de l'économie pour le climat / Institute for Climate Economics 2150 1.5° Ventures Airborne Wind Europe Aster Capital Atlantic Labs CAPHENIA Carbon-Free Europe DeepDrive Electrochaea Energy Dome EASE - The European Association for Storage of Energy Extantia Future Cleantech Architects GET HV Capital ICODOS IKEM – Institute for Climate Protection, Energy and Mobility Jacques Delors Institute Kiko Ventures KRAFTBLOCK Matterwave Ventures Novocarbo Ocean Energy Europe Planet A Ventures Renewable Hydrogen Coalition RIFT Sunfire SFV EUREC - The Association of European Renewable Energy Research Centres Trill Impact UnternehmerTUM Vireo Ventures World Fund xista science ventures

Desde #Ecoembes nos sumamos a #PYMESXCLIMA 🌏 ➡️ Una red de sostenibilidad de actores del sector para ofrecer el acceso a las PyMEs españolas a las herramientas para elaborar planes de acción climática. Más información 🔗 https://lnkd.in/dhZ3F3_X

Uno de los socios del Pacto #PYMESXCLIMA, CE/R+S Club de Empresas Responsables y Sostenibles de la Comunitat Valenciana, está organizando III Congreso de #EmpresasResponsablesYSostenibles de la C. Valenciana 🙌 Como partner de estas jornadas #advancers2024 , os animamos a formar parte de este evento en la que Valencia volverá a ser durante unos días un foco de la sostenibilidad. Puedes encontrar más información a continuación 👇 💚 Lema: "Sostenibilidad 360o: en el corazón del negocio". ➡ Fecha y lugar: 12/6 en @BiohubVLC ➡️ Organizado por CE/R+S Club de Empresas Responsables y Sostenibles de la Comunitat Valenciana, con el apoyo de Confederación Empresarial Valenciana y Valencia Capital Verde Europea 2024. 👀 Consulta aquí el programa completo: https://lnkd.in/dt7q-Cqf 🔗 ¡Únete! https://lnkd.in/d-B5r2ix