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Q1 2024

Clean Energy Report

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The golden energy source?
It is only in the past few years that geologic hydrogen, also known as white or gold hydrogen, has been considered a viable industrial-decarbonization approach. Its commercial scalability is still up in the air. But startups like Koloma, Eden, and 45-8 Energy are rapidly changing the landscape of hydrogen energy, according to our latest Emerging Tech Research.

Hydrogen, along with renewable battery storage, has emerged as a particularly popular investing segment within cleantech. Its total VC deal value was up 70.6% QoQ in Q1, driven by big raises from Sunfire, Koloma, and Inocel.


Table of contents
Vertical update 3
Q1 2024 timeline 5
Clean energy landscape 6
Clean energy VC ecosystem market map 7
VC activity 8
Emerging opportunity 17
       Geologic hydrogen 18
Select company highlights 21
       INERATEC 22
       Fervo Energy 24
       Natron Energy 26