Climate Investment raises $450m to scale decarbonisation tech
London-based specialist decarbonisation investor Climate Investment (CI) announced final close of its $450m Decarbonization Acceleration Fund (DAF).
“DAF was created to close the gap between proven decarbonization technologies and large-scale deployment,” said Joshua Haacker, chief investment officer of Climate Investment.
“Many solutions already exist that can reduce emissions in heavy industry while improving operational performance and profitability, and at scale they can strengthen the economics of the infrastructure systems they operate within.”
This is CI’s second fund and its first Growth Equity vehicle. It is backed by CI’s founding investors together with strategic and institutional limited partners, including Saudi Aramco, Occidental, Baker Hughes, CMA CGM, Development Bank of Japan, PTT Group’s ExpresSo NB, and Taranis Investment, among others.
The fund will address the missing middle between early-stage venture funding and large-scale infrastructure or private equity capital.
DAF targets companies with validated technologies and commercial traction across heavy-emitting sectors including energy, industry, transport and buildings.
CI said the fund was launched in response to alleviate struggles for companies trying to secure the larger pools of funding needed to scale manufacturing, expand commercially and deploy across real-world industrial systems.
The fund is already active and deploying capital, with four investments completed to date in vapor recovery and emissions control equipment startup JessCo Solutions, high-efficiency cooling technologies for data centers XNRGY, ocean data and subsea survey platform XOCEAN and Zeitview, a visual AI platform that helps owners of critical infrastructure inspect assets, assess risk and prioritize maintenance.
A key part of CI’s model is its Operational Value Add (OVA) approach, which measures the additional value created when a new solution improves on a customer’s baseline economics, whether through lower capital expenditures, reduced operating costs or increased revenues. potential but also clear economic value for industrial customers. Since 2019, CI estimates its portfolio has delivered more than $600m of operational value to its limited partners under this framework.
“Growth equity succeeds when scaling is repeatable,” said Patrick Yip, managing director and head of growth equity at Climate Investment. “By pairing capital with hands-on industrial collaboration and an OVA lens grounded in actual cash flows, we help companies prove value, de-risk implementation, accelerate adoption and expand across global infrastructure markets.”