Climate Tech Finance loan guarantees have accelerated multiple zero-emission technologies, including the commercialization of a hydrogen fuel cell ferry, software-enabled solar battery microgrids at municipal facilities, and an electric vehicle software solution. These projects are forecast to eliminate tens of thousands of metric tons of CO2 emissions over the next five years, create scores of new jobs, increase resiliency of the electrical grid, and reduce reliance on fossil fuels.
Annual emissions prevented
Following are some of the businesses we’ve supported to date.
Blue Planet has developed technology that uses CO2 as a raw material for making carbonate rocks, which are used in place of natural limestone, the principal component of concrete. Extremely efficient and lower in cost than traditional methods of CO2 capture, Blue Planet’s technology is being used to sequester large quantities of CO2 from a North Bay gas-fired power plant, and to distribute aggregate produced from CO2 and concrete recycling, making it one of the most significant CO2 reduction measures in the San Francisco Bay Area.
Capture6 provides a large-scale permanent carbon removal for the net-zero economy. It helps businesses, governments, and communities mitigate the risks of climate change through direct air capture.
Pacific Biochar leverages existing biomass power plants for biochar production, making for an approach that is cost efficient and quick to scale. Their initial focus in California is in areas surrounded by forests designated as high fire hazard.
Planetarians makes alternative meat by combining plant-based proteins and fermentation, which results in clean-label meat with reduced costs on ingredients.
The Climate Center focuses on influencing local governments to prioritize the reduction of greenhouse gas emissions. It has helped promote community microgrids, encouraged clean/fossil-free vehicles and mobility, and advocated for soil carbon sequestration programs.
BlocPower provides clean, reliable, and affordable energy to rural businesses, utilities, and stakeholders with an ecosystem of software and hardware solutions that optimize performance and accelerate the deployment of microgrids.
BoxPower is an energy technology startup that develops healthier, greener, and smarter buildings by leveraging advanced technologies, innovative electrification equipment, and structured finance.
Electriq Power provides smart home energy solutions. The company combines world-class battery and power electronics technology with its proprietary firmware and software to provide behind-the-meter energy storage solutions in single-family homes.
Gridscape Solutions develops cost-effective, small to mid-size renewable energy microgrids to help communities manage system-wide power outages, which occur with increasing frequency across California and other Western states. Learn more about how Climate Tech Finance helped Gridscape Solutions to secure a loan that enabled the company to quadruple in size, create 25 new jobs, and scale output sufficient to reduce local CO2 emissions by 2,100 tons annually.
Imperial Electric Services offers services in the Central Valley for remodels, solar energy, design-build tenant improvements, retrofits, site work such as underground power utility infrastructure, site lighting, distribution, excavation, and installations of EVCS.
King Solarman provides customizable, affordable and industry leading solar panels, solar inverters, solar mountings systems that replace the existing mobile light towers and surveillance/monitoring stations powered by diesel generators. Learn more about how the Air District supported the replacement of loud and aging diesel generators.
New Sun Road enables cost-effective management of renewable energy microgrid fleets. Stellar, their cloud-based platform, remotely monitors and optimizes renewables-based distributed power systems in the real time.
OhmConnect is a software platform and an aggregator of electricity system residential demand-response that allow for real-time, predictable, automated, and large-scale reductions in electricity demand across the grid.
Relyion optimizes second-life batteries for performance without compromise – at a fraction of the cost. Relyion’s proprietary technology uses dynamic characterization and balancing, along with a unique battery management system tailored for diversity in performance of the retired EV batteries.
Revalue.io is an Oakland based energy efficiency company that support local communities in the transition to clean energy through energy saving building improvements.
Silverback Data Center Solutions has developed a rear door heat exchanger (RDHx) that replaces traditional computer room air handling (CRAH) approaches in high-performance data centers. Especially relevant for machine learning and other high-intensity computing that’s on the rise in education, defense, and commercial settings, RDHx has been shown to reduce data center cooling power requirements by up to 75%.
South 8 Technologies develops liquefied gas electrolyte chemistry for rechargeable lithium metal batteries and electrochemical capacitors.
Sparkz develops cobalt-free, lithium-ion batteries. Sparkz is re-engineering the battery supply chain by eliminating cobalt and working toward making other components more sustainable and localized. Learn more about how Sparkz is advancing battery manufacturing in California.
UCAP Power is a global provider of ultracapacitor-based power solutions across a wide range of renewable markets. Ultracapacitor systems use sustainable based products offering a long-lasting source of reliable high-power energy storage that can help eliminate lead-acid and other hazardous materials in batteries. Learn more about how UCAP contributes to clean energy in the Bay Area.
Borrow offers an equitable and frictionless path to EV adoption through a short-term lease. Borrow's service encompasses the entire lifecycle of EV fleet management services, from acquiring the asset, titling, registration, and disposition, to telematic/data collection of the vehicle.
EvGateway is an electric vehicle solutions management company focused on accelerating the adoption and use of electric vehicles by making them easier to use. Their software portfolio enables operators of electric vehicle chargers to manage and operate their chargers, and consumers to locate and reserve available charges.
EV Life is building a fintech platform to facilitate EV Climate Loans, that enables car buyers to finance thousands of dollars in government EV incentives - making EV loan payments cheaper than gas vehicles and affordable for the mass market. Lean more about EV Life’s innovative approach to EV ownership.
GOPowerEV has developed affordable and quick EV charging solutions at multi-family housing, giving owners and renters alike the ability to charge an EV vehicle on property.
Intertie has developed a modular, smart grid solution, the EV ChargePodTM, that advances California’s “Grid of the Future” by simultaneously delivering super-fast EV charging, intelligent storage, solar integration, energy management, and grid services while increasing grid reliability and efficiency and adding value to the underlying real estate.
Mitra EV helps small and medium-sized businesses electrify their fleets. Their services encompass EV leasing, on-site overnight charging, and access to our specially designed network of DCFC fast-charging stations tailored for commercial vehicles.
SWITCH Maritime is constructing the first zero-emission electric ferry, which will soon begin operating on San Francisco Bay. Learn more about how Climate Tech Finance helped SWITCH Maritime secure a $5 million loan from KeyBank, enabling the company to create 63 new jobs to ready the ferry for commercial service.
Zevvy provides affordable access to EVs for those who might not consider an EV due to cost or limited financed options. They employ a 'total-cost of ownership' underwriting approach rooted in the belief that the reduced operating costs and increased reliability of an EV will markedly improve many low- and moderate-income Californians’ economic wherewithal.
Frontline Wildfire platform helps homeowners prepare for wildfire, monitor fires near their home, and defends their home during a wildfire event with Frontline’s remotely operated exterior sprinkler system and firefighting foam.
Seatrec designs and manufactures energy harvesting solutions that generate electricity from naturally occurring temperature differences in ocean waters. Seatrec’s patented thermal engine technologies provide clean, renewable electricity from naturally-occurring environmental temperature differences to power scientific research, industry and defense in remote, off-grid locations at sea and ashore.