All Access

Climate Deals

Standard

Climate Deals Thought Bubble

Thought Bubble

Climate Deals Alerts

Alert

mustard

BFD Expert Voices - Climate Deals

BFD Expert Voices

We asked climate investors about key parts of the deal landscape this year. Here are their responses, plus some views of our own.

Joshua Posamentier, Congruent Ventures: "Wildfire mitigation investment really took off — from analytics, to sensing, to on-the-ground mitigation, to preemptive treatment."

Vaughn Blake, Blue Bear Capital: "The Fed's interest rate hikes broke the back of climate tech SPACs and slowed offshore wind development by half a decade."

Murray McCaig, ArcTern Ventures: "Big institutional money entering the game, particularly the new $30 billion Climate Fund the UAE is building with Brookfield, Blackrock and TPG. This is on top of other multi-billion funds from each of these groups separately."

Meera Clark, Redpoint Ventures: "2023 will be remembered as the year that data entered the discussion as carbon offset and enterprise SaaS buyers sought increasing data-driven transparency in every step of their emissions accounting and reduction journeys."

Jameson Hartman, RET Ventures: "The collapse of [prefabricated home builder] Veev. These nex-gen development platforms need to be incremental. ... While everyone loves to see the 'next best thing since sliced bread,' there is a substantial risk, especially in the real estate industry when you isolate yourself from existing methodologies."

Alan: The DOE unlocking huge sums of money for VPPs, hydrogen, school buses, heat pumps, and much else. Plus a solar tracker manufacturer posting one of the year's biggest IPOs; infrastructure players like Macquarie starting to write checks; the collapse of NuScale's advanced nuclear deal in Utah; and, by contrast, Canada leading the way with what will likely be North America's first small modular reactor.

Katie: The most surprising big deal I wrote about this year was oil giant Occidental buying direct air capture startup Carbon Engineering for $1.1 billion. I'll be watching to see what comes of that union in 2024.

The BFDs in climate tech of 2023

We asked venture investors which story stood out to them.

Illustration of the earth on a large pile of money

Climate tech

<p>We asked climate investors about key parts of the deal landscape this year. Here are their responses, plus some views of our own.</p>

topics

politics-policy

epstein-files

donald-trump

2026-midterm-elections

immigration

behind-the-curtain

race-and-equity

technology

privacy-tech-regulation

automation-and-ai

tiktok-news

big-tech

social-media

cybersecurity

economy

social-security

inflation

tariffs

federal-reserve

transportation

business

c-suite

retail-news

media

elon-musk

dealmaking

health

rfk-jr

drug-prices

axios-explains-abortion

public-health

world

israel

axios-explains-ukraine

iran

russia

china

energy-climate

nuclear-energy

climate-energy-policy

climate-change

extreme-weather

alternative-energy

electric-vehicles

science

emerging-tech

biomedicine

newsletters

charlotte

salt-lake-city

denver

boulder

kansas-city

austin

chicago

dallas

detroit

washington-dc

atlanta

indianapolis

nashville

nw-arkansas

columbus

richmond

san-francisco

boston

des-moines

houston

phoenix

miami

philadelphia

seattle

new-orleans

colorado-springs

huntsville

raleigh

san-antonio

twin-cities

pittsburgh

arapahoe

douglas

san-diego

tampa-bay

portland

cleveland

axios-local

axios-pro

axios-live

the-axios-show

The BFDs in climate tech of 2023

What to read next