Jasmine Crane works as part of our Energy team, sourcing clean energy and sustainability giants with top-tier talent across the US. Recently, she started her newsletter ‘Current Affairs!’ – a biweekly deep dive into the world of clean energy—exploring everything from energy storage systems to electric vehicles, battery tech, and future mobility. In this edition, Jasmine focuses on November’s biggest investments and the companies leading the way.

 

Key players in November’s Clean Energy investments:

1.Radiant

Funding: Series C – $100M

Location: El Segundo, California

Focus: Clean Energy, Energy Efficiency, Renewable Energy

Radiant secured $100 million in Series C funding to continue advancing energy efficiency technologies, particularly in residential and commercial buildings. This investment is a major step in scaling their solutions for wider use, positioning Radiant as a game-changer in the energy efficiency space.

2. CHAOS Industries

Funding: Series B – $145M

Location: Los Angeles, California

Focus: Aerospace, National Security, and Clean Energy Applications

Chaos raised $145 million in Series B funding to accelerate their efforts in electric aviation. With a focus on sustainable flight, Chaos is pushing the boundaries of aerospace technology by integrating clean energy solutions. This investment signals growing confidence in electric-powered aviation as a key part of Clean Tech’s future.

3. RedoxBlox

Funding: Series A – $30M

Location: San Diego, California

Focus: Energy Storage, Power Grid Innovation

RedoxBlox secured $30 million in Series A funding, aiming to modernize the power grid with scalable energy storage systems. Their technology promises to unlock new possibilities for renewable energy storage, making grids smarter and more resilient.

4. Infinite Machine

Funding: Series B – $50M

Location: San Francisco, California

Focus: Autonomous Electric Vehicles, Mobility Solutions

Infinite Machine, an innovator in autonomous electric vehicles, raised $50 million to push forward its mission of revolutionizing transportation. The investment will help scale their technology for both consumer and commercial applications, signaling significant growth for EV and mobility technologies.

5. ESS

Funding: Series D – $175M

Location: Portland, Oregon

Focus: Energy Storage, Grid Solutions

ESS Inc. raised $175 million to scale their flow battery technology, which offers a sustainable and scalable solution for large-scale energy storage. As renewable energy use grows, ESS’s focus on long-duration storage is crucial for balancing grid supply and demand.

6. Voltus

Funding: Series C – $60M

Location: San Francisco, California

Focus: Demand Response, Clean Energy Integration

Voltus, a leader in demand response technology, secured $60 million in Series C funding. Their solutions help businesses and utilities optimize energy consumption, playing a key role in integrating Clean Energy sources into the grid efficiently.

7. QuantumScape

Funding: Series E – $200M

Location: San Jose, California

Focus: Battery Technology, Electric Vehicles

QuantumScape, a leader in solid-state battery technology, raised $200 million to accelerate their development of next-gen batteries for electric vehicles. Their innovation promises to significantly enhance EV range, charging speed, and overall performance.

 

electric vehicle


Emerging trends to watch:

Energy storage innovation: With companies like ESS Inc. and RedoxBlox securing major funding, energy storage solutions are rapidly evolving to meet the demands of a clean energy future. Expect to see breakthroughs in long-duration storage technologies that can support the transition to 100% renewable energy.

EV and mobility technology: With Infinite Machine’s focus on autonomous EVs and QuantumScape’s work on next-gen batteries, electric vehicles are set to become even more integral to the future of transportation. The innovations here could redefine not just personal mobility, but the logistics and shipping industries as well.

Hydrogen energy solutions: Clementine Energy’s development of hydrogen storage systems highlights the growing potential of hydrogen as a clean energy carrier. This sector is poised for expansion, especially in industries that are difficult to electrify, like heavy transport and steel manufacturing.

Aerospace and clean energy: The $145 million raised by Chaos signals the ongoing convergence of clean energy and aerospace. Electric-powered aircraft are a step closer to reality, which could have far-reaching implications for both the aviation industry and broader clean energy adoption.

 

Other news: 

QuantumScape announces breakthrough in solid-state battery technology QuantumScape has successfully developed a solid-state battery prototype that doubles energy density compared to current lithium-ion batteries, bringing them one step closer to making electric vehicles more efficient.

Xcel Energy secures $1 billion in green bonds Xcel Energy has raised $1 billion through green bonds to fund renewable energy projects, including wind and solar power infrastructure, as part of their plan to achieve net-zero emissions by 2050.

Tesla to expand Supercharger network in Europe Tesla has announced plans to double the number of Supercharger stations across Europe by 2025, offering more fast-charging options for electric vehicle owners and helping to drive the adoption of EVs.

ESS launches new energy storage system ESS Inc. has unveiled its new long-duration energy storage system designed to store renewable energy for up to 12 hours, providing greater flexibility to renewable power grids.

Fluence and Enel Green Power team up for large-scale energy storage project Fluence and Enel Green Power have partnered to develop a massive 300 MW energy storage system in Chile, aimed at stabilizing the country’s renewable energy grid.

Hyzon Motors announces new fuel-cell powered truck prototype Hydrogen-powered truck manufacturer Hyzon Motors has unveiled its latest prototype designed to offer long-haul freight transport solutions, reducing CO2 emissions from the trucking industry.

GE launches new offshore wind turbine General Electric has launched a new offshore wind turbine model that’s 15% more efficient than previous models, contributing to cleaner energy generation in coastal regions.

Siemens Gamesa awarded major offshore wind turbine contract Siemens Gamesa has secured a contract to provide offshore wind turbines for a large-scale project off the coast of the UK, supporting the country’s renewable energy goals.

 

Why this matters:

The investments we’re seeing this month show that Clean Energy is moving faster than ever. Whether it’s next-gen batteries, smarter energy storage, or new mobility solutions, these companies are pushing the boundaries of what’s possible. Investors are not just looking for incremental change—they’re backing companies that are set to revolutionize industries. The growing momentum in Clean Tech is undeniable, and it’s exciting to see what’s to come.

As we move into 2025, these innovations will only continue to grow in importance, setting the stage for a cleaner, more sustainable world.

 

 

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