Published by Todd Bush on July 3, 2024
CALGARY, AB, June 26, 2024 /PRNewswire/ - Canada-based ClearSky Global Corp. (ClearSky) has raised US$168 million from a private international ESG investment group, facilitated by Tailwind Ventures as financial advisor. The financing represents the 5th largest early-stage venture capital raise in the clean fuels space globally.
>> In Other News: BKV Announces its First Sale of Revolutionary New Carbon-Neutral Natural Gas Product to Kiewit
ClearSky plans to use the funding to deploy ECOGY® technology to produce high-quality, low-carbon, and economically viable aviation and transportation fuel.
This technology combines proprietary and commercially proven technology to convert natural gas to both diesel and jet fuel that ClearSky believes is of a superior quality compared to conventional fuels. ClearSky fuels can be produced at a lower cost than biofuels and refined petroleum fuels. The use of ClearSky fuels has the potential to significantly reduce greenhouse gas (GHG) emissions, and harmful particulate matter. ClearSky's facilities are modular and compact with superior energy conversion technology, designed to be placed at airports or other strategic locations.
This significant financial milestone will enable ClearSky to commercialize its first three facilities, which will enable its customers in multiple industries to accelerate their sustainability goals and emissions-reduction targets. With this rapid deployment, ClearSky believes that the impact of this technology will be measurable in the near-term and stands to become a material solution for emissions reduction once operational.
"This financing demonstrates that our investors share our confidence in the transformative potential of ECOGY® technology and our aggressive vision to operate across Canada and North America. As the aviation, transport and heavy industries seek reliable and cost-effective carbon-reducing technologies, ClearSky offers an economically sustainable solution that can deliver an immediate reduction in emissions."- Timothy J. Kozmyk, CEO, ClearSky Global
"We're pleased to have supported ClearSky in securing the financing required to execute their growth plans in North America and look forward to a continuing partnership. Our capital partners recognize the significant opportunity for ClearSky's ECOGY® technology to make a major impact for the aviation and transportation industries."- Darren Engels, CEO, Tailwind Ventures
"Alberta's government in collaboration with Invest Alberta is proud of this innovation driven forward by a Canadian company, headquartered in Alberta. ClearSky's focus on the development of clean energy makes them an important partner as the world moves to reduce emissions. ClearSky's solutions to complex energy issues will help lower global carbon levels while creating jobs and supporting the economy."- The Honourable Matt Jones, Minister of Jobs, Economy and Trade
ClearSky Global is a modern energy company that offers economic, viable and responsible solutions deploying innovative technology capable of providing a measurable reduction in GHG emissions, while powering the modernization of the transportation industry. ClearSky Global is based in Calgary, Canada. Visit the ClearSky Global website for more information.
Tailwind is a Venture Development Bank™️ dedicated to preparing early- and growth-stage ventures for investment and connecting them with capital providers. Tailwind's proprietary programs enable ventures to tell their story in the language of investors. Tailwind Ventures is based in Calgary, Canada. Visit the Tailwind Ventures website for more information.
1 5th largest early-stage VC raise in the clean fuels space, all-time, globally; based on Pitchbook data as of June 13, 2024.
SOURCE Tailwind Ventures Inc.
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.
Inside This Issue 🌍 How ADNOC Is Leading the Future of Carbon Capture and Energy Innovation 🌊 Ebb Carbon's Project Macoma Secures Landmark NPDES Permit 🔵 Air Products Talks Up Blue Hydrogen After ...
Carbon Management Workshop February 19th The future of carbon capture is being built now. Be in the room where it happens. The Carbon Management Workshop is happening February 19 at Rice Universi...
Inside This Issue 💧 Avnos' Hybrid Direct Air Capture: The Future of Carbon Removal and Water Production ⚡ Hanwha and Baker Hughes Enter into Joint Development Agreement for Ammonia Gas Turbines 🏭 ...
Air Products Talks Up Blue Hydrogen After CEO Swap
Air Products chose not to give any prominence to its incoming leadership team in the company’s Q1 2025 earnings call today. Adjusted EBITDA increased 1%, with margin improvement attributed to favo...
LEGO Group Commits $2.6M for Carbon Removal Projects with Climate Impact Partners, ClimeFi
LEGO Group commits DKK 19M to carbon removal projects, delivering credits between 2024-2026. KIRKBI A/S adds DKK 5M, supporting the same climate initiatives. Projects include biochar, enhanc...
EU Considers Exempting Most Companies From Carbon Border Levy
BRUSSELS, Feb 6 (Reuters) - The European Commission may consider exempting 80% of companies due to be covered by its upcoming carbon border levy, the EU's head of climate policy said on Thursday. ...
Largest and first fully integrated electrolyzer to be tested at Idaho National Laboratory. Testing to validate 100% electrical efficiency with nuclear integration. Hydrogen production capabi...
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.