Energy startups have overtaken electric car and battery makers as the largest global investment in climate technology for the first time since 2020. They did this because growing demand for artificial intelligence has increased interest in technologies that can power data centers with fewer emissions. .
Venture funding for global energy startups totaled $9.4 billion last year, marking a 12% increase from 2023 levels, according to a report published Tuesday by Sightline Climate, a market intelligence platform. Among them, funding for geothermal startups nearly tripled to $558 million, while nuclear energy investments nearly doubled to $1.9 billion.
