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- Aligned Climate Fund 2 (ACF2) raises $85M, nearly doubling the firm’s previous venture fund.
- Strategic backing from Ford Foundation, The Rockefeller Foundation, and major institutional investors.
- ACF2 targets proven, scalable clean energy solutions across infrastructure, electric transportation, and sustainable land use.
Aligned Climate Capital closed its second venture fund, Aligned Climate Fund 2 LP, at $85 million, marking nearly a 200% increase compared to its inaugural fund. This milestone aligns with global clean energy investments reaching a record $2.1 trillion in 2024.
Peter Davidson, CEO of Aligned Climate Capital, emphasized, “The clean energy transition isn’t a technology challenge; it’s a deployment challenge. The solutions needed to decarbonize the economy already exist, but scaling them requires capital, expertise, and market access.”
ACF2 exclusively funds Seed through Series B companies scaling established, financially viable solutions. Current investments include BoxPower, BrightNight, CarbonQuest, ChargerHelp!, EVenergi, NYLE Water Heating Systems, Port Wind, UtilityAPI, and an undisclosed geothermal firm.
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Aligned’s strategic approach helps companies rapidly scale, boosting revenues and profitability, while avoiding lengthy R&D cycles. This positions portfolio companies to deliver strong near-term investor returns.
Roy Swan, Head of Mission Investments at the Ford Foundation, highlighted the broader economic impact: “The transition to clean energy has the potential to generate new, high-quality jobs for hardworking families while laying the foundation for sustainable progress that will serve our communities for generations to come.”
Aligned integrates ESG considerations rigorously, providing investors detailed impact reporting on sustainability and emissions reductions. The firm also commits 3% of ACF2’s carried interest to climate-focused nonprofits, including The Honnold Foundation, Climate & Clean Energy Equity Fund, and Impact Capital Managers.
Maria Kozloski, Senior Vice President at The Rockefeller Foundation, noted, “Aligned’s hybrid approach reduces risk while expanding clean energy access, making proven technologies more impactful for U.S. communities adapting to a changing energy landscape.”
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