Analysis

July 11, 2024

Is the climate tech funding gap a myth?

What if it’s less about the availability of capital, and more about the quality of companies?


Freya Pratty

5 min read

H2 Green Steel's site in Boden. Photo: H2 Green Steel.

There’s frequent talk about the lack of late-stage funding for climate tech companies. The drought is summed up by the ominous “valley of death”: the idea that companies building hardware outgrow VC but are still too unproven to attract infrastructure funders, and then run out of money stuck in the middle. 

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Picture of Northvolt Ett, the gigafactory in Skellefteå in Sweden
Picture of Northvolt Ett, the gigafactory in Skellefteå
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Freya Pratty

Freya Pratty is Sifted's associate editor. She covers UK tech and leads Sifted's investigations. Follow her on X , LinkedIn and Bluesky

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