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- Aligned Climate Capital Closes $85M Venture Fund for Clean Energy Growth
Aligned Climate Capital Closes $85M Venture Fund for Clean Energy Growth
Slice of Energy Team
March 13, 2025
Key Highlights:
Aligned Climate Capital closes Aligned Climate Fund 2 LP (ACF2) at $85M, twice the size of its first fund.
Investments from Ford Foundation, Rockefeller Foundation, and leading institutions support scaling clean energy and decarbonization solutions.
ACF2 backs Seed through Series B companies in clean energy, efficient infrastructure, electric transportation, and sustainable land use.
Nine portfolio companies include BoxPower, BrightNight, CarbonQuest, ChargerHelp!, EVenergi, NYLE Water Heating Systems, Port Wind, UtilityAPI, and an undisclosed geothermal company.
3% of carried interest donated to nonprofits focused on climate and energy equity.
Source: Business Wire
Notable Quotes:
“The clean energy transition isn’t a technology challenge; it’s a deployment challenge. The solutions needed to decarbonize the economy already exist, but scaling them requires capital, expertise, and market access.”
“The transition to clean energy has the potential to generate new, high-quality jobs for hardworking families while laying the foundation for sustainable progress that will serve our communities for generations to come.”
“The Rockefeller Foundation is committed to advancing economic growth by supporting investments that bridge the gap between innovation and large-scale deployment.”
Why This Matters:
As global investment in clean energy hit $2.1 trillion in 2024, Aligned Climate Capital’s $85M fund signals growing momentum for scaling proven clean energy solutions. By focusing on companies ready for deployment rather than R&D-heavy startups, Aligned is helping drive immediate emissions reductions and economic growth. The fund's alignment with institutional investors, ESG principles, and impact-driven strategies ensures both financial returns and environmental benefits, accelerating the clean energy transition.