NurPhoto via Getty ImagesV enture capital firms funneled $9 billion into 273 climate tech startups in the first quarter of this year, according to an analysis released by PitchBook this week. “In the long term, the attack on Ukraine and resulting calls for energy independence in Europe are likely to accelerate climate tech investment, namely hydrogen, solar, batteries, nuclear, and wind,” the PitchBook report says. Other deals included a $387 million Series C for cultured meat startup UPSIDE Foods, a $136 million Series B for plant-based meat-alternative startup Redefine Meat and a $130 million Series B for cow-less dairy startup Remilk. Menlo Park, California has entered into a public-private partnership with climate tech company BlocPower to electrify more than 10,000 homes by 2030, as the city aims to hit its goal of carbon neutrality. On The HorizonThe United Nations’ Africa Climate Week will take place from August 29 to September 1 in Libreville, Gabon.

Source: Forbes June 18, 2022 22:37 UTC