Overture

Please join us in welcoming our MBA Summer Intern Zachary Maslia and our Undergraduate Summer Intern Nachman Kaul-Seidman! Zachary Maslia is currently pursuing a joint MBA/MS between Stanford University Graduate School of Business and Stanford Doerr School of Sustainability. At the GSB, he is on the leadership team for the school’s 2025 Climate, Business, & Innovation Summit and has contributed to climate publications like The Gigaton exploring the public-private sector coordination needed to transition to a net-zero economy. Zac previously worked on the corporate strategy and development team at edtech firm EAB. Nachman Kaul-Seidman studies Computer Science and Philosophy at Williams College. Nachman studied at University of Oxford this past year and his past experiences include working as a Software and Product Development intern at Capital for Climate; as a Product Consultant at the Cross Border Civilians Foundation; and as a Tech Partnerships Intern Planet. Learn more about Zac and Nachman: https://lnkd.in/ggrjJUZK https://lnkd.in/ge8CZHfA

Please join us in welcoming our MBA Summer Intern Zachary Maslia and our Undergraduate Summer Intern Nachman Kaul-Seidman! Zachary Maslia is currently pursuing a joint MBA/MS between Stanford University Graduate School of Business and Stanford Doerr School of Sustainability. At the GSB, he is on the leadership team for the school’s 2025 Climate, Business, & Innovation Summit and has contributed to climate publications like The Gigaton exploring the public-private sector coordination needed to transition to a net-zero economy. Zac previously worked on the corporate strategy and development team at edtech firm EAB. Nachman Kaul-Seidman studies Computer Science and Philosophy at Williams College. Nachman studied at University of Oxford this past year and his past experiences include working as a Software and Product Development intern at Capital for Climate; as a Product Consultant at the Cross Border Civilians Foundation; and as a Tech Partnerships Intern Planet. Learn more about Zac and Nachman: https://lnkd.in/ggrjJUZK https://lnkd.in/ge8CZHfA

Today, we’re proud to announce that Antora has been selected by ARPA-E for a $14.5M award to accelerate the launch of our combined heat and power thermal battery product. This funding unlocks commercial-scale manufacturing for Antora’s pioneering heat-to-power technology and paves the way for gigaton-scale decarbonization impact in the industrial sector. Over the past five years, Antora, supported by ARPA-E, has transformed thermophotovoltaic (TPV) technology into a reliable, scalable, and simple solution to convert heat to electricity with no moving parts—a job historically handled by complex and costly turbomachinery. Having demonstrated breakthrough heat-to-electric conversion efficiency and opened the world’s first dedicated manufacturing line for TPV, Antora is on a path to rapidly bring our combined heat and power product to market. As part of the award, Antora will work to ensure that its combined heat and power product fully addresses the needs of industrial and utility customers. Antora will partner with Con Edison, the utility that serves New York City and Westchester County, to help meet its ambitious clean heat and power goals for New Yorkers. In addition, Antora has signed a letter of intent with Shell to evaluate potential opportunities to deploy the product in industrial processes such as chemicals production. Learn more about this transformative funding: https://lnkd.in/e2anrUpv

Today, we announced that a group of the nations largest developers have invested in Crux. The investment by Clearway Energy Group, EDF Renewables North America, Pattern Energy Group, and Intersect Power completes our recent fundraise led by Andreessen Horowitz. Why it matters: 🔥 𝐖𝐞 𝐡𝐚𝐯𝐞 𝐭𝐡𝐞 𝐟𝐢𝐫𝐞𝐩𝐨𝐰𝐞𝐫 𝐭𝐨 𝐛𝐮𝐢𝐥𝐝. Crux has raised over $27 million in venture and strategic capital. We've doubled the team since the beginning of the year and we're still #hiring. We've now done deals in solar, wind, battery storage, bioenergy, and advanced manufacturing. Buyers include everyone from family offices to the Fortune 100. 👊 𝐖𝐞 𝐡𝐚𝐯𝐞 𝐭𝐡𝐞 𝐫𝐢𝐠𝐡𝐭 𝐩𝐞𝐨𝐩𝐥𝐞 𝐚𝐫𝐨𝐮𝐧𝐝 𝐭𝐡𝐞 𝐭𝐚𝐛𝐥𝐞. Our investor group -- which also includes Ørsted, LS Power, and Hartree Partners -- has more than 100 GW of pipeline. As Hunter Armistead put it: "Crux's platform is a game-changer for financing clean energy projects. It allows us to maximize the current tax monetization market by streamlining transactions and managing transferable tax credits". 🌊 𝐀𝐝𝐝𝐢𝐧𝐠 𝐝𝐞𝐩𝐭𝐡 𝐨𝐧 𝐚𝐥𝐥 𝐬𝐢𝐝𝐞𝐬 𝐨𝐟 𝐭𝐡𝐞 𝐦𝐚𝐫𝐤𝐞𝐭. Clean energy investment is accelerating, with a record $71 billion in clean energy and transportation investments in the first quarter of this year alone, a 40% increase from the same period in 2023. The policy is working. But, to maintain our rapid pace, we need more developers and manufacturers, more innovation, more expert advisors, and thousands more buyers. To meet this need, we'll make even more investments in our software, team, and market leading content. 📈 𝐖𝐞'𝐥𝐥 𝐛𝐮𝐢𝐥𝐝 𝐚 𝐦𝐨𝐫𝐞 𝐦𝐚𝐭𝐮𝐫𝐞 𝐦𝐚𝐫𝐤𝐞𝐭, 𝐧𝐨𝐰. When new asset types are created and grow larger they typically evolve to become more standardized, efficient, liquid, broad-based, and transparent. That is often a long process. But, we don't have the time for that. We'll use our capital to invest in liquidity and efficiency. ⚡ 𝐁𝐞𝐭𝐭𝐞𝐫 𝐩𝐥𝐚𝐭𝐟𝐨𝐫𝐦 = 𝐛𝐞𝐭𝐭𝐞𝐫 𝐭𝐫𝐚𝐧𝐬𝐚𝐜𝐭𝐢𝐨𝐧𝐬. Our software is already significantly enhancing price discovery, matching, and closing. More embedded diligence tools and data will allow our partners to do more deals faster. One recent deal between a large seller and F100 buyer closed in 22 days. We now have more than 50 intermediary partners (banks, tax advisors, and syndicators) that use our tools to source deals and transact more efficiently. For more details, check out the full story on Heatmap News here. https://lnkd.in/gFSjPvEC

Our opening plenary this morning featured climate innovation experts, Shomik Dutta of Overture and Hayley Nystrom (McCurdy) of Blue Bear Capital, with help from Michael Lenox. Thank you so much to our speakers and for sharing their experiences in exploring disruptive technologies and business models. More takeaways included: 🌱 ⁠Climate tech venture capital is a growing space - over 200 new climate tech funds have come online since 2022 🚙 Mobility remains a great challenge and opportunity for climate tech innovation  ⚖️ Government will play a crucial role in addressing environmental justice and inequities #ARCS2024

Today we are excited to reveal our order book for our innovative chassis platform made specifically to suit medium-duty applications. This announcement underscores the significant demand for sustainable transportation solutions in the commercial and specialty vehicle markets, driven by Harbinger’s commitment to innovation and environmental stewardship in commercial vehicle production. Join us as we continue to lead the roll out of cleaner, more efficient trucking technologies. #cleantrucks #cleantransportation Read More: https://lnkd.in/g-zZguzi

Overture portfolio company Zero Homes is accelerating the electrification of residential homes with its self-service home electrification platform. Zero's remote assessment takes just 45 minutes. The company is already partnered with Colorado wholesale power supplier Tri-State Generation and Transmission Association to provide free digital assessments and install heat pumps and other electrified equipment to certain Colorado homeowners. Learn more in today's Canary Media Inc. feature: https://lnkd.in/gSnSw2kr

Announcing Outreach: a new module to help our Supply Chain Manager customers collect emissions data directly from suppliers at every stage of maturity. Outreach augments existing primary data sources by guiding suppliers through one of three pathways: -Report: For mature suppliers that have already calculated their carbon footprints to report granular, facility-level emissions data, verification status and targets -Calculate: For mid-maturity suppliers to calculate their scope 1 and 2 emissions by inputting their energy consumption data -Estimate: For low-maturity suppliers to estimate their emissions based on facility details and industry averages. Learn more about Outreach here: https://lnkd.in/g9bFwFC8

Congratulations to Overture portfolio company Privateer Space on their acquisition of Orbital Insight. Privateer helps satellite operators navigate in Earth's increasingly crowded orbit. Satellite imagery is crucial to measuring, monitoring , and adapting to climate change.

Today, Crux announced a partnership with American Clean Power Association (ACP) to provide all 800+ ACP members immediate discounted access to Crux as well tailored programming and insights throughout the year. Huge thanks to Jason Grumet and Susan Nickey for their leadership making this a reality. We are excited to be your partner as we work to make the market for transferable clean energy tax credits deep, liquid, and efficient. We'll be sharing more about the new partnership at CLEANPOWER in Minneapolis next week. More from ACP and Ben Geman at Axios 👇 https://lnkd.in/gmPtWhEF cc - Sarah Beerbower, Oressa Boelk, Bill Parsons, Jason Clark, David Haber, Clay Dumas, Phil Bronner