Best Wishes for a Happy New Year!

Best wishes of success to all climate tech innovators for this new year. The Clean Energy Venture Group is proud to have continued its support to the ecosystem during the pandemic, alongside many co-investors. We are looking forward to welcoming new entrepreneurs to join the companies we have been supporting during these last 2 years.

BRIDGES Announces $1.9 Million in Funding to Support Clean Energy Startups Impacted by COVID-19

CEVG is proud to partner with Massachusetts Clean Energy Center and other leading clean energy investors to support innovators during the COVID crisis via the BRIDGES (Bridging Recovery for Innovators Driving Green Energy Solutions) program.

“Long-term innovation is necessary and will not happen without the emergence of new technologies and companies that are particularly vulnerable in times of global crises such as COVID-19,” said Jean-Noel Poirier, Executive Managing Director of CEVG.CEVG has been deeply committed to supporting early-stage clean energy entrepreneurs for many years, via seed capital and active management support, and is proud to join MassCEC during these tough times.”

Read about the exciting partnership here!

Clean Energy Venture Group and E8 Angels Form Partnership for National Climatetech Angel Investing

We are pleased to announce a closer collaboration with E8 Angels for a stronger support of climate technology entrepreneurs across the country.

CEVG and E8 have been leading supporters and investors of clean energy innovation for many years, remaining focused on early stage investments in the sector. In addition to capital, through collaboration with our dedicated partners, deep expertise, management support, and strong networks are used to help launch and deploy portfolio companies.

The collaboration between CEVG and E8 will broaden our collective ability to assess, co-invest in and support entrepreneurs post-investment across North America.

See the full press release at the link below:

NYSERDA to Support Emerging Cleantech Companies Through New Investor Advisory Board

“The New York State Energy Research and Development Authority (NYSERDA) today announced the launch of a new Investor Advisory Board to support its efforts to accelerate new technologies and provide broader exposure for emerging companies to the investment community. The 10-member board came together today in New York City for the first time and represents some of the most active and prestigious early-stage financial and corporate investors in the clean energy space. Today’s announcement supports Governor Andrew M. Cuomo’s Green New Deal, a clean energy and jobs agenda that puts New York State on a path to a carbon-neutral economy while spurring growth of the green economy. ” (NYSERDA 2019)

Continue reading here

CEVG’s Executive Managing Director, Jean-Noel Poirier, Joins the French-American Chamber of Commerce’s New Sustainability & Innovation Committee

On May 13, 2019, at the FACC Sustainability & Innovation Forum in New York City, the French-American Chamber of Commerce (FACC) introduced their new Sustainability & Innovation Committee which will drive the adoption and deployment of sustainability policies, solutions, and initiatives in its 1000+ member companies.  

Jean-Noël Poirier, Executive Managing Director of the Clean Energy Venture Group, joined the committee alongside senior sustainability officers of major corporations such as Colgate Palmolive and Danone, and law firms such as Baker MacEnzie.

The Forum attracted over 300 participants who attended various panel discussions and listened to keynote speaker Lise Kingo, CEO and Executive Director of the United Nations Global Compact, which is the world’s largest corporate sustainability initiative with more than 13,500 signatories from 170 countries.

Through Jean-Noel Poirier, Clean Energy Venture Group is delighted to bring the perspective of early stage cleantech investors and entrepreneurs to the FACC’s Sustainability Committee, which will facilitate connections between major companies and startups for pilot deployments with the goal to promote the adoption of innovative technologies.

Panel: Energy & Transportation – Powering Viable Alternatives in Land, Sea & Air
FACC Sustainability & Innovation Forum, 13 May 2019

Currents Podcast Ep50: Covariance Risk with REsurety

Lee Taylor, CEO of CEVG portfolio company REsurety, discusses covariance risk with Norton Rose Fulbright Partners Todd Alexander and Rob Eberhardt in this Currents Podcast episode. Lee answers everything from what it is and why you should care about it to who wears the risk in a project and what commercial and industrial buyers can do when facing it.

Listen to the podcast here!

CEVG Portfolio Company, LineVision, Inc., Closes $2 Million Series A to Accelerate Adoption of Transmission Line Monitoring Solution

LineVision, Inc., which enables utilities to improve transmission line capacity, resilience and safety through advanced technology, today announced that it has closed a $2 million Series A round. The lead investor was Clean Energy Ventures. LineVision will use the new capital to scale its operations and supply chain to support the needs of utilities worldwide. Read More

CEVG Portfolio Company, REsurety, Inc., Surpasses 5 Gigawatts of Renewable Energy Risk Mitigation Contracts

“REsurety, a leading provider of valuation analytics and risk management services to the buyers and sellers of renewable energy, announced today that it has reached a critical corporate and industry milestone, having surpassed more than 5,000 MW of risk management transactions. Transactions closed in 2018 with Microsoft, Enel Green Power North America, Engie, Orsted, Macquarie, and several other large international companies have fueled nearly half that cumulative volume in 2018 alone, signaling broad and accelerating adoption of REsurety’s risk mitigating products and services.” Read More

CleanFiber raises $4.9M to advance plans for a local factory

CEVG portfolio company CleanFiber, formerly UltraCell Insulation, has raised $4.9 million to advance plans for building a western New York factory.

CleanFiber manufactures high performance cellulose building insulation, a higher quality product made at lower cost from recycled and residual materials.

See the announcement here.