Happy Monday!
New York Climate Week kicked off over the weekend, and today the real crush begins. We're keeping this one short so you can get back to your packed calendar.
And if it’s not packed enough, check out our fourth annual guide to the week's climate tech and capital events, run with Planeteer Capital, live on Luma now.
Of course, if you see the CTVC or Currence team out and about, come say hi! We’ll be hosting, attending, and of course, trying to cover everything. Our full recap will hit your inbox later this week.
In deals, $135m for superhot rock geothermal in Texas; $100m for behind-the-meter industrial energy assets in Calgary; and $38m for grid monitoring and analytics in Boston.
In other news, the Fed's first rate hike in three years, EPA's repeal of power plant carbon standards, and a new AI energy alliance.
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Deals of the Week (9/14 – 9/20)
VC / Growth
⚡ Mazama, a Frisco, TX-based superhot rock geothermal developer, raised $135m in Series B funding from Centaurus Capital, Doerr Capital, ConocoPhillips, Gates Foundation, H. Barton Asset Management, and other investors.
🏭 Kanin Energy, a Calgary, Canada-based behind-the-meter industrial energy asset operator, raised $100m in Series A funding from S2G Investments and Canada Growth Fund.
⚡ LineVision, a Boston, MA-based grid monitoring and analytics provider, raised $38m in Series D funding from Centaurus Capital, New System Ventures, and National Grid Partners.
⚡ Branch Energy, a Houston, TX-based behind-the-meter battery storage provider, raised $33m in Series B funding from Clean Energy Ventures, Piva Capital, Active Impact Investments, Inovia Capital, Prelude Ventures, and other investors.
☀️ Planted Solar, an Oakland, CA-based autonomous solar power plant developer, raised $32m in Series A funding from Piva Capital, RA Capital Management, Breakthrough Energy Ventures, Gigascale Capital, Google, and other investors.
⚡ Nomos, a Berlin, Germany-based embedded energy pricing platform for hardware brands, raised $23m in Pre-seed funding from Index Ventures and a group of angel investors.
🚗 CorePower Magnetics, a Pittsburgh, PA-based developer of magnetic components and power electronics for EVs, raised $11m in Pre-seed funding from Engine Ventures, Material Impact, Baruch Future Ventures, Carnegie Mellon University, and other investors.
💨 Isometric, a London, England-based carbon removal registry and verification platform, raised $10m in Series A funding from Intercontinental Exchange.
⚡ MCatalysis, a Dallas, TX-based waste carbon-to-fuels platform, raised $5m in Seed funding from Oxford Science Enterprises and HL Energy Ventures.
🍎 Ferm Labs, a Zug, Switzerland-based developer of flavor enhancers from food waste, raised $3.5m in Seed funding from CDP Venture Capital, Alpine Venture Capital, Euregio Plus, Fund F, Loacker Group, and Redstone.
⚡ Depotcharge, a Munich, Germany-based marketplace for shared EV charging, raised $3m in Pre-seed funding from High-Tech Gründerfonds (HTGF), Kopa Ventures, Prequel Ventures, and xdeck Ventures.
💨 PyroCCS, a Cologne, Germany-based biochar project developer, raised an undisclosed amount in Seed funding from Counteract and Lotus One Investment.
Project Finance / Debt
⚡ Heron Power, a Scotts Valley, CA-based power electronics manufacturer, raised $60m in Debt funding from JPMorgan and TriplePoint Capital.
🔋 Tavion, a Stockholm, Sweden-based developer of utility-scale battery storage, raised $19m in PF Debt funding from undisclosed investors.
Exits
⚡ BioValue, a Sint Nicolaasga, Netherlands-based biogas producer, was acquired by Kanadevia Inova for an undisclosed amount.
Funds
🏦 Wittington Ventures, a Toronto, Canada-based venture capital firm investing in commerce, consumer, healthcare, climate, and food tech, closed its third fund at $180m.
This is a sample of deals available for Currence clients. Can’t get enough deals?
Reading List
💰 Fed Chair Kevin Warsh delivered the first US rate hike in over three years, a unanimous decision that calmed global bond markets. [Link]
Energy-driven inflation was a major driver of the rate increase, and capital-intensive climate infrastructure will be more expensive to build.
⚖️ EPA finalized the repeal of power plant carbon standards, overturning the 2024 Biden-era rule and structuring the move to make reinstatement harder for a future administration. [Link]
💨 ExxonMobil won Texas approval for its $5bn carbon capture project after a lengthy battle over safety and subsidies. [Link]
One of the few CCS projects moving forward as the economics don’t work elsewhere. Exxon's project benefits because the credit, the storage, and the emitter all sit inside one company.
🏭 Michigan won its case against the Trump administration, allowing the state’s Campbell coal plant to retire, while two Indiana plants remain open under federal order. [Link, Link]
⚡ Heatmap on the new AI energy management alliance, ft. Google, Nvidia, and Emerald AI, among others. [Link]
Opportunities & Events
📅 Climate Week NYC 2026: It’s here! With 1,000+ events across the city alongside the UNGA, with the Opening Ceremony September 21. Join thousands at the biggest climate week in the nation to celebrate success stories and continue pushing the needle on sustainability. September 20–27, New York City. Check out our guide here.
💡 Google Carbon Removal and Superpollutant Elimination R&D Awards: Unrestricted research funding of up to $500K per project for work on carbon dioxide removal and high-impact climate pollutants (methane, N₂O, F-gases). Open to businesses focused on advancing research or innovation; funds disbursed by year-end. Apply by September 25.
💡 AWS Compute for Climate Fellowship 2026: AWS and the International Research Centre on AI (IRCAI) run a global R&D funding program that empowers climate and energy technology startups to use advanced cloud computing and artificial intelligence to address climate change and accelerate the clean-energy transition. Open globally, non-dilutive. Apply by September 30.
💡NextCorps Manufacturing Accelerator: A free, nine-week virtual program out of Rochester, NY. The accelerator can help speed product commercialization, mentoring, and an ecosystem of accelerators, funders, manufacturers, and technical experts. Info session Sept 23; program starts Oct 7. Apply by September 30.
💡 Climate Resilience Awards for Business 2026: WBCSD and the Global Resilience Partnership's awards recognizing measurable adaptation and resilience action across four categories: climate-proof infrastructure, water stewardship, agriculture and food systems, and protecting people. Open to companies of any size and geography. Apply by September 30.
Jobs
US Enterprise Sales Director @Eztia
Founding Customer Success Manager, Marketing Intern, Senior Account Executive @Currence
Investor, Early Stage Team @Lowercarbon Capital
Director of Growth & Giving @Elemental Impact
📩 Feel free to send us deals, announcements, or anything else at hello@ctvc.co. Have a great week ahead!
