Climate Tech refers to the application of modern information and communication technologies (ICT) to address issues related to climate change and energy transformation.
• Facilitating the integration of renewable energy sources (RES) with the electrical grid, using smart meters, sensors, algorithms, and digital platforms for monitoring, managing, and optimizing energy production, distribution, and consumption.
• Enhancing energy efficiency and energy savings by employing Internet of Things (IoT) technology, artificial intelligence (AI), machine learning (ML), and data analysis to automate and personalize lighting, heating, ventilation, and air conditioning (HVAC) systems in buildings and vehicles.
• Supporting the growth of electric and low-emission mobility by leveraging technologies such as blockchain, 5G, cloud computing, and big data to create intelligent charging networks, manage electric vehicle fleets, and promote shared transportation.
• Promoting the development of hydrogen and biogas economies by using biotechnology, nanotechnology, electrolysis, and catalysis to produce, store, transport, and utilize hydrogen and biogas as energy carriers.
• Enabling the development of energy communities and prosumers through the use of social networks, mobile applications, games, and gamification to engage citizens, educate and raise ecological awareness, and facilitate cooperation among energy users.
The climate tech industry is crucial for accelerating the energy transition and addressing climate change. According to the Climate Tech VC report, the climate tech sector attracted over $60 billion in investments in 2020, representing a 3000% growth compared to 2013. The climate tech industry also has significant potential for creating new jobs, fostering innovation, and enhancing competitiveness in the global market.
