Climate Investment Closes $450M Decarbonization Growth Fund

Climate Investment has closed a $450 million Decarbonization Acceleration Fund, described as its second fund and its first dedicated growth equity vehicle. The strategy targets the “missing middle” between early-stage pilots and the larger capital needed for commercial deployment across industrial systems.

The fund focuses on climate technologies with proven approaches and early commercial traction in energy, industry, transport, and buildings. It is already active, with investments completed in JessCo Solutions, XNRGY, XOCEAN, and Zeitview.

Backers include founding investors and strategic and institutional LPs such as Saudi Aramco, Occidental, Baker Hughes, CMA CGM, Development Bank of Japan, PTT Group’s ExpresSo NB, and Taranis Investment.