The Rise of Climate Technology

Climate technology, or Climate Tech, encompasses a wide range of companies and startups focused on addressing climate change challenges. These companies can range from those working on clean energy generation to those focusing on data management and artificial intelligence to optimize energy efficiency. The need to develop sustainable solutions and reduce dependence on fossil fuels has fueled the growth of this industry.

The report from Barclays Eagle Labs accelerator, titled "Unlocking Potential: Closing the Innovation Gap in UK EnergyTech," points out that in recent years, we have witnessed a significant increase in investment in climate technology companies. For example, between 2013 and 2019, investment in this sector increased by over 3800%, rising from $418 million USD to $16.3 billion USD.

The number of venture capital deals with climate-related companies has increased by 40%. This suggests that the industry is growing and maturing, and investors are seeking opportunities in the early stages of climate projects.

The Impact of the Energy Transition

The transition to cleaner and more sustainable energy sources has been a central theme in climate technology. Concerns about energy security and the need to transition away from fossil fuels towards more sustainable solutions have become key factors in investment decision-making. Despite the challenges presented by this transition, such as the need to balance energy supply and demand, venture capitalists are recognizing the importance of supporting both eco-friendly development companies and emissions control and reduction in fossil fuel production.

_"I've been working on climate change in one way or another for 30 years, and I've never been so optimistic about our chances of success. Because new technologies, new policies, movements, businesses, and markets are beginning to grow, and they are growing exponentially." _- Dr. Jonathan Foley, CEO of the NGO Drawdown

Another encouraging aspect is the increase in the number of investment funds and individual investors actively getting involved in climate projects. According to Climate Tech VC, the number of funds investing in climate theses has increased significantly. Over 4,000 unique investors participated in at least one climate project last year, demonstrating a growing interest in the climate technology space.

In 2022, Uali was selected as the most disruptive startup in climate tech and clean energy to represent Argentina at the G20 in Indonesia. The delegation was composed of executives from the country, diplomats, and representatives from the private sector. In this context, and with two seed investment rounds already secured for Uali, we are preparing for the next step, projecting a Series A round for early 2023 with the goal of expanding our operations and consolidating our position and team.

At Uali, we accompany the energy evolution by combining robotics, IoT, and AI with the aim of providing valuable and timely information that favors decision-making in asset management, saving time, costs, and having a very positive impact on the environment. Get to know us!