Climate Investment raises $450M for decarbonization tech fund

Investment Industrial closed London, United Kingdom Mar 25, 2026

USD450M

Deal Value

Climate Investment (CI) has announced the final close of its $450 million Decarbonization Acceleration Fund (DAF). This Growth Equity vehicle aims to bridge the funding gap for climate technology companies with validated technologies and commercial traction, particularly in heavy-emitting sectors like energy, industry, transport, and buildings. DAF targets companies that have moved beyond early-stage venture funding but are not yet ready for large-scale infrastructure or private equity capital. The fund is already deploying capital, with four initial investments made in JessCo Solutions, XNRGY, XOCEAN, and Zeitview. The fund is backed by CI's founding investors and strategic limited partners including Saudi Aramco, Occidental, Baker Hughes, CMA CGM, Development Bank of Japan, PTT Group’s ExpresSo NB, and Taranis Investment.

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Counterparts (12)

Investor

CMA CGM is a global leader in shipping and logistics. While primarily focused on maritime transport, the company is increasingly involved in infrastructure projects related to ports, logistics, and potentially energy transition through its logistics and transportation activities.

Development Bank of Japan (DBJ)

company

PTT Group’s ExpresSo NB

Saudi Aramco is primarily an oil and gas company but is diversifying into other sectors including renewable energy and infrastructure projects as part of Saudi Arabia's Vision 2030. The company is investing in various projects within Saudi Arabia and internationally.

Occidental

company

Occidental is an international energy company with operations in the United States, Middle East and Latin America. They are working to lower emissions and accelerate a net-zero future through carbon management and carbon capture technologies.

Baker Hughes

company · 1 deals

Baker Hughes is an energy technology company that develops and deploys advanced technologies to serve energy and industrial companies. They offer solutions for oilfield services and equipment, liquefied natural gas (LNG), industrial technology, energy transition, industrial solutions, and remote operations.

target

Deal Analysis

Climate Investment has raised $450 million for its Decarbonization Acceleration Fund, a growth equity vehicle targeting climate technology companies in heavy-emitting sectors like energy, industry, transport, and buildings. The fund is backed by investors including Saudi Aramco, Occidental, Baker Hughes, CMA CGM, Development Bank of Japan, PTT Group’s ExpresSo NB, and Taranis Investment. The fund has already made four initial investments in JessCo Solutions, XNRGY, XOCEAN, and Zeitview. Climate Investment is based in London, United Kingdom, and the fund was announced on 2026-03-25. The fund's investors include companies with diverse backgrounds, such as CMA CGM, a global leader in shipping and logistics, and Saudi Aramco, an oil and gas company diversifying into renewable energy and infrastructure projects.

Raised $450 million for Decarbonization Acceleration Fund
Four initial investments made in JessCo Solutions, XNRGY, XOCEAN, and Zeitview
Backed by investors including Saudi Aramco, Occidental, and Baker Hughes
Announced on 2026-03-25
Based in London, United Kingdom

Timeline

Announced

Mar 25, 2026

Signed

Closed

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Source

Climate Investment raises $450M to scale breakthrough decarbonization technologies and bridge climate tech’s missing middle - Climate Investment

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Climate Investment raises $450M for decarbonization tech fund

Counterparts (12)

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