A new EIP fund will invest in technology that reduces emissions and offers the world a break.
- ByStartupStory | January 27, 2022
Energy Impact Partners has received $200 million in commitments for its $350 million Deep Decarbonization Frontier Fund, doubling down on its commitments to transition the world toward a sustainable future. Early-stage innovations that hasten the transition to net-zero greenhouse gas emissions are the focus of the fund.
The Frontier Fund is based on two principles: a new wave of investor interest in helping to solve the world’s decarbonization challenges, and an expanding demand for zero-carbon energy, products, and services.
“We’re looking for bold entrepreneurs who are taking huge swings at big problems in climate tech,” said Shayle Kann, an EIP Frontier Fund partner. “We’ve established an ecosystem and methodology to drive innovation in huge, mature, and technically complicated industries over the last six years, and nowhere is this skillset more needed than in the drive toward deep decarbonization.”
The Frontier Fund has already begun investing, with a number of investments in firms that are working to decarbonize everything from power generation to fertiliser manufacture. Form Energy, which is lowering the cost of multi-day energy storage; Electric Hydrogen, which is pushing industrial-scale, renewable-powered hydrogen production; Nitricity, which is developing a zero-emission nitrogen fertiliser; and Sublime Systems, which is developing a zero-carbon cement, are just a few examples the firm shared with me.
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