The latest news from the ClimateTech world

CTVR Update for July 9, 2025

Listed Company

Bloom Energy Reports Strong Q1 Performance with 38.5% Revenue Growth

Bloom Energy Corporation (NYSE: BE), a manufacturer of solid-oxide fuel cell systems for on-site power generation, delivered robust first-quarter results that exceeded analyst expectations of both revenue and earnings. The company reported revenue of $326.02 million, surpassing estimates of $294.27 million and representing a 38.5% increase compared to the same quarter last year. Bloom Energy achieved positive earnings per share of $0.03, beating analyst consensus estimates of -$0.07 by $0.10 and marking a significant improvement from the -$0.17 EPS reported in the prior year quarter.

The strong performance has attracted increased institutional interest, with major investors expanding their positions. Vanguard Group increased its holdings by 1.9% to 19.2 million shares, while Goldman Sachs boosted its stake by 50.3% to 2.5 million shares. The company's solid-oxide technology converts natural gas, biogas, hydrogen, and fuel blends into electricity through an electrochemical process without combustion, positioning it well for the growing distributed energy market.

Click here to read the full story and here to learn more about Bloom Energy on CTVR.

Private Companies

Terra CO2 Secures $124.5M Series B Funding to Scale Low-Carbon Cement Production

Terra CO2, a leading US.-based company specializing in low-carbon building materials, announced the completion of its Series B funding round, raising $124.5 million in new equity capital to accelerate the commercial deployment of its sustainable cement solutions. The round was co-led by Breakthrough Energy Ventures, Eagle Materials, GenZero, and Just Climate, with significant participation from Barclays Climate Ventures and strategic investors, including Prologis, Cemex, and Siemens Financial Services. Silicon Valley Bank and Stifel Bank provided a credit facility for enhanced financial flexibility.

The funding will enable Terra to rapidly advance its first 240,000 tons-per-year commercial advanced processing facility in the Dallas-Fort Worth market, while expanding operations and developing additional shovel-ready projects. Terra's patented Supplementary Cementitious Materials (SCMs) process produces cost-competitive alternatives to Portland Cement using abundant local feedstocks from existing aggregate mines, enabling immediate deployment within the current industry infrastructure.

The company's OPUS SCM product is ready for commercial deployment and can replace up to 50% of Portland cement. Meanwhile, OPUS Zero, currently in concrete trials, represents a potential 100% replacement for Portland cement. CEO Bill Yearsley emphasizes that Terra's solutions are designed to compete on cost and performance alone, providing market certainty independent of government subsidies as the cement industry seeks alternatives to address its 8% contribution to global CO₂ emissions.

Click here to read the full story and here to learn more about Terra CO2 on CTVR.

Carbon Clean Opens Dedicated Carbon Capture Research Facility in India

Carbon Clean, a global leader in carbon capture solutions, officially opened its new Global Innovation Centre (GIC) in Navi Mumbai, India, representing one of the world's largest dedicated carbon capture research facilities. The 77,121-square-foot facility houses two carbon capture plants alongside state-of-the-art laboratories for solvent development, analysis, and testing, staffed by an expert workforce of over 100 employees, with the capacity to expand to 350.

The GIC will serve as a central international hub for advancing Carbon Clean's next-generation carbon capture technologies, particularly in scaling the deployment of CycloneCC, the company's breakthrough modular space-efficient carbon capture technology. CycloneCC offers cost-effective decarbonization pathways for hard-to-abate industries, including cement, steel, refineries, and waste-to-energy sectors.

The facility launch reinforces Carbon Clean's commitment to India, where the company has established pilot partnerships with major industrial players, including BHP, JSW, NTPC, and Tata Steel. With over 2.8 million operational hours across its technology portfolio and 50 technology references worldwide, Carbon Clean continues to lead CCUS innovation, backed by more than 110 active patent assets across 18 patent families. The investment builds on the growing momentum for CCUS in India, where a national CCUS mission is expected to be announced in the coming months.

Click here to read the full story and here to learn more about Carbon Clean on CTVR.

Climeworks Raises $162M in Equity Funding Despite Climate Tech Sector Challenges

Swiss direct-air-capture leader Climeworks has secured $162 million in equity funding, bringing the carbon removal company's total funding to over $1 billion. The latest round was led by Swiss billionaire Martin Haefner's BigPoint Holding and Swiss private equity firm Partners Group, providing a positive signal for the subdued climate tech sector.

The funding comes as Climeworks has broadened its strategy beyond direct air capture to include selling carbon credits from other organizations through its platform. The company operates its flagship Mammoth facility in Iceland, which removes 36,000 tons of CO2 from the atmosphere annually, demonstrating commercial-scale direct air capture capabilities.

However, Climeworks faces uncertainty regarding its U.S. expansion plans following potential changes in government funding under the Trump administration. A leaked memo in April suggested that the company might lose previously promised U.S. government support for its American project, forcing it to continue development while awaiting funding decisions. The company also implemented workforce reductions in May, laying off 106 employees representing 22% of its staff, reflecting broader challenges in the climate technology sector despite the successful fundraising.

Click here to read the full story and here to learn more about direct air capture on CTVR.