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Updated June 27, 2025
Check out this week's VC investments in companies and startups in the energy space!
Catalina Zazkin
Darcy Partners
Find below a list of VC investments in the following Innovators:
HYMETH: the company's product can convert excess renewable electrical energy into hydrogen for easier storage or refueling fuel cell vehicles with an objective to replace the standard liquid petroleum gas, raised $4m in Seed funding from FAM AB and Antler.
Intelligent Energy: is a fuel cell engineering company that develops, manufactures and commercializes Proton Exchange Membrane (PEM) fuel cell products, for the automotive, stationary power and UAV sectors, raised $23m in Grant funding from Aerospace Technology Institute (ATI), Department for Business and Trade(DBT), and Innovate UK.
Light Bridge: is a company specializing in the production of green hydrogen through advanced water electrolysis technologies, focusing on developing modular electrolyzer systems that are adaptable to various scales and applications, raised $3m in Series A funding from Anda Asia Ventures, Magna Investment, and Ubiquoss Investment.
Minesto: develops subsea kite technology to generate renewable energy by flying across tidal streams and ocean currents using a kite-like principle, raised $2m in Post-IPO Debt funding from Fenja Capital.
Oklo: develops clean energy plants to provide emission-free, reliable, and affordable energy using advanced fission. Oklo’s first product the Aurora produces 1.5MW of electric power and can save 1,000,000 tons of carbon emissions during its operation over other forms of power generator alternatives. It converts nuclear waste into clean energy and can produce clean energy for decades without refuelling, raised $460m in Post-IPO Equity funding.
Pano: a company that offers a next-gen hardware & software solution for wildfire detection, confirmation, and alert dissemination. Combining disparate data feeds including proprietary mountaintop cameras and geostationary satellites, the Pano platform includes deep learning AI to provide actionable insights, raised $44m in Series B funding from Giant Ventures, Congruent Ventures, Initialized Capital, Liberty Mutual Strategic Ventures, Salesforce Ventures, and other investors.
Polestar: is an electric performance car company that produces automobiles, raised $200m in Post-IPO Equity funding from PSD Investment.
TerraPower: is a developer of a nuclear energy technology platform intended to provide affordable, secure and environmentally-friendly form of nuclear energy with their traveling wave reactor (TWR) technology, raised $650m in Growth funding from Bill Gates, HD Hyundai, and NVentures.
These investments signal industry traction - if you would like to learn more about any of the innovators in this article, you can contact a Darcy researcher or request an update via their Storefronts. See you next week to learn more about where VC's money is flowing!