There’s a new wave of interest in what has been renamed “climate tech,” and lots of money is once again flowing. Bill Gates’s Breakthrough Energy Ventures in January committed an additional $1 billion to investing in startups that can reduce carbon emissions, and one of its top leaders, Carmichael Roberts, is based in Brookline. A former Massachusetts energy official and entrepreneur, Phil Giudice, joined the Biden administration in February as a special assistant to the president for climate policy. Malta, a Cambridge startup working on ways to store power using enormous vats of molten salt, raised $50 million last month. Among its new backers is Facebook cofounder Dustin Moskovitz.
And new investment groups, such as Buoyant Ventures and MCJ Collective, are starting to put money into startups working on challenges ranging from reforestation to finding more sustainable alternatives to palm oil to using drones to spot problems that may keep solar power farms from operating at peak efficiency.
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