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Carbon & Emissions Tech Report

Q1 2024

Carbon & Emissions Tech Report

May 2, 2024

This report and XLS summary was reuploaded on May 7, 2024, to update data based on a change in a deal's status. 

Fill out the form to download a preview of this report. The full report is available through the PitchBook Platform.

Climate tech deals grow in Q1 

Climate tech deals grew a healthy 37.9% in Q1, buoyed by US federal investment in industrial decarbonization. Infrastructure, industry, and renewable battery deals are hot commodities, and median pre-money valuations appear to be rising across the board, according to PitchBook’s Q1 2024 Carbon & Emissions Tech Report.  

Climate tech startups are rapidly developing more sophisticated approaches to permanent carbon storage solutions, and investors are paying attention. Our analyst dives into the weeds of the breakthroughs founders are making in carbon capture and storage.
 

Table of contents
Vertical update 3
Q1 2024 timeline 5
Carbon & emissions tech landscape 6
Carbon & emissions tech VC ecosystem market map 7
VC activity 8
Emerging opportunity 16
        Carbon mineralization 17
Select company highlights 19
        CarbonCapture 20
        Lilac Solutions 22
        Fortera 24