Climate Tech Investment Trends: 2024

Climate tech venture and growth investment totaled $30bn in 2024, down 14% from 2023. The smaller drop signaled a sector settling into a new normal after the 24% decline the year before.

This report covers investment by stage, vertical, and product type, along with exits, graduation rates, and top investors, and lays out the outlook for 2025.

• Investment totaled $30bn in 2024, down 14% from 2023.
• Energy overtook transportation for the first time since 2020, growing 12% to $9.4bn.
• Geothermal funding nearly tripled to $558m and nuclear nearly doubled to $1.9bn on AI-driven demand for clean firm power.
• Exits hit a record 177, with acquisitions making up 92%.
• Graduation rates rose to 25%, the highest since early 2022.