Description
Environmental Business Journal, Volume 38 Numbers 9/10: Q3 2025 EBJ Investment & Finance
EBJ Review of Investment & Finance in 2025 provides analysis of investor trends in clean technology, climate technology, resilience and energy infrastructure that are driving market demand for environmental services, with still strong interest in environmental industry investment in solid waste, water and PFAS. Executive Q&A with seven fund managers indicate the breadth and depth of investor interest across the environmental and climate change industries. Profiles of companies that have raised recent rounds provide perspective on what it takes to attract capital, followed by summaries of recent EBJ webcasts on the OBBBA and the future of the grid.
Table of Contents
History & Lessons Learned from Cleantech 1.0 to Climate Tech 2.0 2
OECD & UNDP Advocate Investing in Climate for Growth & Development 4
ClimateTech Analysis: SVB Report on the Future of Climate Tech; CTVC Says Climate Tech VC Investment Still Flat; Clean Investment Monitor Tracks Spending by Industry & Consumers; Cleantech Group Finds Action in New Segments 6-18
Negative Population Growth Rails Against Trying to Boos Birth Rates 18
Rockwood Equity Partners Perspective on Priorities Amidst Uncertain Markets 21
Impact Science Ventures Leverages Universities, National Lab and Non-Dilutive Funds to Bridge Investment Gap 22
Muus Climate Partners Supports a Broad Portfolio of Investments to Maximize Climate and Capital Returns 24
9Zero Growth Building Infrastructure and Software Platforms for the Climate Startup Ecosystem 27
New Climate Ventures Prepared to Shift Investment Focus in Changing Markets 29
Skyknight Capital Aces Its Model of Private Equity Engineering Firm Partnerships, Focusing on M&A, Team Ownership & Technology 32
Levine Leichtman Capital Partners Highlights the Ongoing Appeal of Private Equity Investments In Environmental Services 34
LIS Technologies Focused Uranium Enrichment and Supporting ‘Security’ in the Growth of Nuclear 36
InPipe Energy Advances In-Conduit Hydropower; Market Growth Requires Creative Financing For Munis & Industry 38
Data Center Demands on Water Leads to a Wave of Innovation and Investment 42
Financings in Water Industry Indicate a Taste for Technology & Automation 44
EBJ Webcast on Electricity Reliability and the Grid: Spending Priorities in 2025 48
Full Circle Future Takes on Food Waste, Methane & the Circular Economy 53
EBJ Webcast on Impacts of the OBBBA on Energy and Environmental Infrastructure 55
Mid-Year Executive Outlook Shows a Busier Second Half Ahead 58
Lessons Learned from M&A in 2025: Advisor Roundtable 62
History of Environmental Finance in VC, Solid Waste and Recent PFAS VC 64
Exhibits in this Edition
U.S. Cleantech Venture Capital Investment Decline After 2011
Global Climatetech Investment Contraction Since 2021
Three Key Avenues for Mobilising Resources to Finance Nationally Determined Contributions (NDCs)
Climate Tech Funds Outperform Overall VC: Net IRR for US Climate Tech VC Funds vs. Overall US Tech VC Funds
Global Electricity Demand by Sector
Energy and Power Innovation Hype Cycle: Charting the Adoption of Climate Power Technologies
VC Backed Climate Tech M&A Activity Back to 2020 Levels
CTVC 2025 Climate Investor Sentiment Pulse Check: Segments
Clean Investment Monitor charts on spending by industry, manufacturing and power
Companies & Entities in this Edition
9Zero 27
ALL4 34
Almi Företagspartner 47
American Engineering Testing 60
Amperon 25
Ampirical Solutions 33
Axine Water Technologies 45
Beyond Nuclear 62
Bluefield Research i 42
Boon 44
Breakthrough Energy Ventures 47
BrightNight 25
Burrell Consulting Group 33
Cache Energy 25
Cambrian Innovation 43
Chalmers Ventures 47
Clean Investment Monitor 14
Cleantech Group 12
Clean Water Environmental Services 21
Climate Adaptive Infrastructure’s 43
Conservation Labs 46
Duncan 55
Ecolab 43
Encore 35
Energy Renewal Partners 21
Engineering Analytics 33
Epic Cleantec 45
FIDO Tech 42
Full Circle Future 53
Genzer & Pembroke 55
Hydroleap 47
Impact Science Ventures 22
Industrious Labs 53
InPipe Energy 38
InventWood 24
Katapult 47
Levine Leichtman Capital Partners LLC 34
LIS Technologies Inc. 36
MIT’s Center for Energy and Environmental Policy Research 14
MUUS Climate Partners 24
Negative Population Growth 18
New Climate Ventures 29
Nitsch Engineering 58
NMi Group 35
Novata 33
NxLite 25
nXSolutions 55
OceanWell 45
Olson Kundig 60
Oxyle AG 46
Panthalassa 25
Procon Consulting 59
Rhodium Group 14
Ridgewood Infrastructure 20
Rockwood Equity Partners i 21
Rusk O’Brien Gido + Partners 58
Saltworks Technologies 44
Sightline 9
Silicon Valley Bank 7
Skagit Public Utility District 41
SkyKnight Capital 32
SOSV 47
Trinity Consultants 35
True Environmental 61
United Nations Development Programme 4
USA Water 35
Utilidata 25
Weinberg 55
White & Case 20
World Water Works 45
Xatoms 47
Xylem Ventures 46
Zero100 35
ZwitterCo 44
For more information on the Environmental Industry, click here to visit the EBJ homepage.
