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BFF Newsletter #8 - September 2020

Get the latest insights from the sustainable energy transition space
Brought to you by Contrarian Ventures

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 Global Emissions Reduction Technology Map

Presently, there is no single standard by which to measure environmental, social and corporate governance. Most of the time each company has a unique strategy in how they implement it into their operations. This creates a real challenge to any firstcomer figuring out what the principle even means. We thought we would focus the main topic of this month's newsletter to aid with the "environmental" part and looked into the emerging as well as growth companies working on technologies for emissions estimation and reduction. So this month we wanted to share our findings and the Global Emissions Reduction Technology Map, comprising of 67 startups that can make it easier for any company to contribute to their ESG efforts
The best way to use the map (apart from awesome deal-flow for VCs) is to go through the cycle of carbon emissions management, which starts from analysing and measuring your carbon footprint. Then it moves to reporting which, in combination with ESG planning and management enables companies to understand their impact and make meaningful decisions. Businesses which emit CO2 might outright choose carbon capture & storage or green PPA solutions to reduce their impact on the environment. Consumers, on the other hand, can develop their impact strategies with the help of startups guiding sustainable behaviour shifts. If you want to take a step forward, you can offset your own or the company’s consumption through conventional offsetting services or funding different green projects. There are also companies providing API solutions to integrate directly offsetting solutions to a business platform

As the impact of current global events shows, most companies' bottom line is affected. Profitability is no longer the only value to shareholders. Sustainability is no longer optional and we think it will be the only way going forward and will encompass all aspects of progress and performance measurement.

P.S. Check out the full list of carbon management and emissions reduction companies on the map here.

 Latest Portfolio Addition

We are very excited to introduce our latest investment into Sweden-based Eliq.

The team has developed an energy customer engagement product that enables utilities to rebuild their customer interaction for the digital era. Eliq's software is able to show significant decreases in the customer churn rate of up to 70% and increase the engagement rate by 10x.

Deregulation and rising customer expectations for more actionable data insights, transparency and dynamic two-way communication have left established utilities incapable of retaining customers and in need for a platform to better engage with their existing and new clients. We feel incredibly lucky to be supporting this exceptional team with great co-investors and to contribute to Eliq’s success to change the European utility landscape.

Congratulations to the team at Eliq and welcome to Contrarian Ventures family!
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SunIconContrarian Ventures Reading List

VC Investment Into Climate Tech Is Growing 5 Times faster Than Overall VC
💰🌱💰 ClimateTech is becoming more capital efficient to prove and scale, while carbon-neutral or even carbon negative solutions have fewer costs than carbon-producing ones

Global climate goals 'virtually impossible' without carbon capture
🦖 A net-zero energy system requires a profound transformation that can only be achieved with Carbon capture, utilisation and storage, the only group of technologies that contributes both to reducing emissions in key sectors directly and to removing CO2

China Wants to Be Carbon Neutral By 2060. Is That Possible?
🏭 China may be capable in transforming its carbon emissions trajectory over the coming four decades in exactly the same way it has transformed the economy

Hurry-IconBig Moves in the Market

☀️ Company will utilise this fresh capital to speed up the scaling of business model as well as to prepare for international expansion in the coming years optimise own digital partner platform

France’s EODev secures €20m to commercialise hydrogen technology
💧 Funding enabled team to set up its operational structure, to sign its first strategic agreements and contracts, and to finance and design prototypes
Pachama raised $5 million in fresh funding from investors including Amazon and Breakthrough Energy Ventures
🌳 Company will use the funding to expand their platform and accelerate carbon neutrality initiatives for businesses through afforestation

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