PitchBook-气候技术领域的风险投资（英）-2025_19页_11mb

Climate Tech VC Investment Trends in 2024

• Total deal value fell to $37.8 billion, down 37.6% from the 2021 peak and a 21.7% YoY decline.
• Deal count decreased by 11.3%, similar to broader VC trends.
• North America dominated with $16 billion in deals, while supply chain issues and policy uncertainty impacted investments.

Regional Performance

• North America accounted for the largest share, followed by Europe ($11.1B) and Asia ($9.8B).

Key Investment Segments

• Top segments by deal value: Low-carbon mobility ($8B), grid infrastructure ($5.7B), industry ($4.4B), and clean fuels ($4.3B).
• Sub-segments like terrestrial/marine BEVs and clean conventional fuels showed growth, while others like lithium batteries declined.

Challenges and Drivers

• Supply chain risks, including mineral sourcing and tariffs, pose challenges but create opportunities for alternative technologies.
• AI is increasingly used in climate tech for optimization, monitoring, and efficiency improvements.

Q1 2025 Outlook

• Deal value flat at $9 billion, with large deals in dispatchable energy (e.g., Pacific Fusion and X-energy) driving activity.

Vin Alternate Mineral Sourcing and Nonlithium Batteries

• Supply chain disruptions in clean energy technology; alternatives include mineral detection and nonlithium storage solutions like sodium-ion batteries.
• Growth in voluntary carbon markets and soil remediation technologies.

Market Growth in Specific Areas

• Hydrogen infrastructure and nonlithium batteries saw significant YoY growth (213% and 171.4%， respectively).

Venture-Backed Companies and Investment Patterns

• Top-segment companies raised substantial funds, with Pacific Fusion leading at $900M in Series A.
• Key investors include Climate Capital and SOSV, focusing on early-stage and late-stage deals.
• Valuations generally stable, but lower in late-stage 2024; exits remain limited.