PitchBook：气候技术的风险投资（英）-2023.6-15页_4mb

Climate Tech VC Investment Analysis Summary

1. Investment Overview

• Total VC investment in climate tech reached $41.1 billion in 2022, down 15% from the record $48.4 billion in 2021, the first decline since 2013.
• 2022 was the second-highest year in total capital raised and deal count, significantly higher than 2020 ($24.3B).
• Europe saw increased investment; North America's share dropped to $17.6B from $27.6B, while Asia remained stable.

2. VC Deal Activity by Sector

• Top Sectors by Investment (2022):
  • Low-carbon Mobility: $7.6B (128 deals)
  • Grid Infrastructure: $6.1B (215 deals)
  • Industry: $6.0B (253 deals)
  • Intermittent Renewable Energy: $5.7B (234 deals)
• Growth Sectors:
  • Intermittent Renewable Energy (65.8% YoY growth)
  • Clean Fuels (47.5% YoY growth)
• Declining Sectors: Land Use (50.7% YoY decline), Sustainable Foods (41.5%), Dispatchable Energy Sources (32.0%).

3. Influencing Factors

• Regulation/Policy: Essential for widespread adoption, examples include EU Emissions Trading System (ETS) and US federal incentives.
• Investor Pressure: Corporations and investors increasingly demand emissions reporting and reduction plans.
• Consumers/Targeted Emissions Reductions: Growing consumer and shareholder interest drives initial adoption, but regulatory support is needed for scaling.

4. Cross-Sector Climate Tech Trends

• Carbon Removal Technologies: Applicable across energy, transport, industrial processes, and hydrogen production.
• Lithium-Ion Batteries: Widely used in EVs, grid storage, and residential energy systems. Startups like SVOLT and Factorial focus on multiple applications.
• Electrification: EV growth (14% of new car sales in 2022) drives demand for charging infrastructure, smart home integration, and bidirectional charging.
• Carbon Credits: Voluntary carbon markets face scrutiny; carbon removal offsets are seen as higher quality due to easier verification, yet they are more expensive.
• Agriculture Carbon Offsets: Regenerative farming practices and soil carbon measurement (e.g., Agrology) are gaining popularity.