Private money flowing freely to energy transition companies, technologies

North American venture capital and private equity investment in new businesses targeting the energy transition hit a 10-year high in 2021, with experts noting the possibility of outsized returns from carbon capture, green hydrogen and emerging clean technologies.

U.S. and Canadian venture capital and private equity firms invested nearly $6.8 billion in 2021 in energy efficiency, storage and management, along with new technologies to reduce carbon emissions, data from S&P Global Market Intelligence indicates.

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