Sabanci Climate Technologies Joins Greentown Labs to Accelerate Climatetech Innovation
Key Ideas
- Sabanci Climate Technologies partners with Greentown Labs, the largest climatetech incubator in North America, to foster collaboration with startups in Boston and Houston.
- The partnership aims to support startups focused on decarbonizing greenhouse-gas-emitting sectors like transportation, manufacturing, and energy.
- Sabanci Climate Ventures, with a $200M fund, will provide expertise and connections to accelerate the growth of climatetech startups in the U.S. and Europe.
- The collaboration will offer exclusive events and pilot opportunities for Sabanci, enhancing their ecosystem for investing in energy transition and sustainability.
Sabanci Climate Technologies, a leading renewable-energy investor in the United States, has partnered with Greentown Labs, the largest climatetech incubator in North America. The partnership involves Sabanci Climate Technologies becoming a Terawatt Partner with Greentown Labs, aiming to collaborate with over 200 climatetech and energy-transition startups within Greentown's community. Sabanci Climate Ventures, with its $200M corporate venture capital fund, focuses on investing in cutting-edge startup companies and venture capital funds in the energy and climatetech sectors.
The collaboration is designed to facilitate deep connections and collaboration opportunities between Sabanci's businesses and venture capital arm and the startups in Greentown Labs located in Boston, Mass. and Houston, Texas. These startups are dedicated to developing innovative solutions to help decarbonize major greenhouse-gas-emitting sectors such as transportation, manufacturing, electricity, and energy.
Kivanc Zaimler, Chairman of Sabanci Climate Technologies, expressed excitement about the partnership, emphasizing the acceleration of efforts to create innovative solutions and explore new opportunities through investments in leading climatetech-focused venture capital funds. Zaimler will also join Greentown's Industry Leadership Council, providing strategic guidance and expertise.
Sabanci Climate Technologies' expertise in energy and climate verticals is expected to be a valuable resource for Greentown's climatetech startups. The partnership will offer Sabanci access to exclusive events and content highlighting dealflow and pilot opportunities with Greentown member companies. Aisling Carlson, SVP of Partnerships at Greentown, noted the immense potential for market exploration and collaboration resulting from the partnership with Sabanci Climate Technologies.
Sabanci Climate Technologies, through its various arms like Sabanci Renewables and Sabanci Climate Ventures, is committed to addressing energy transition challenges by developing renewable portfolios in the U.S. and investing in disruptive technologies. Their investment themes cover a wide range of renewable energy sectors, including hydrogen, solar, wind, geothermal, and advanced technologies like energy storage and EV infrastructure.
Greentown Labs, as a nonprofit organization, is focused on accelerating climatetech innovation by supporting entrepreneurs and encouraging collaboration. With over 200 startups in its community, Greentown has played a significant role in creating jobs and fostering a thriving ecosystem for climatetech startups. The partnership with Sabanci Climate Technologies signifies a step towards furthering innovation and sustainability in the energy sector.
Topics
Utilities
Renewable Energy
Sustainability
Investment
Partnership
Collaboration
Venture Capital
Startup Incubator
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