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Table of contents
Q3 2024
Clean Energy Report
November 22, 2024
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Clean energy is back
Q3 was the best quarter for VC deal flow into clean energy companies since Q4 2022, as investors took bigger swings on battery energy storage, grid management, and even fusion, according to PitchBook’s Q3 2024 Clean Energy Report. Even Northvolt’s descent into bankruptcy does not seem to have put a dent into fundraising for clean energy alternatives.
The AI industry’s demands on datacenters are pushing investors into uncharted territory. Additionally, 10 fusion startups raised VC rounds in Q3, including four rounds over $50 million.
Table of contents
| Vertical update | 3 |
| Q3 2024 timeline | 5 |
| Clean energy VC deal summary | 6 |
| Clean energy landscape | 7 |
| Clean energy VC ecosystem market map | 8 |
| VC activity | 9 |
| Innovation spotlight | 18 |
| Nuclear fission | 19 |
| Select company highlights | 22 |
| Twelve | 23 |
| newcleo | 25 |
| Type One Energy Group | 27 |