LOADING

Type to search

Former UK minister Chris Skidmore Launches Bank for Clean-Energy Startups

Former UK minister Chris Skidmore Launches Bank for Clean-Energy Startups

Skidmore

Former UK Energy Minister Chris Skidmore has launched Desmos Capital Partners, a new private investment bank focused on supporting clean energy startups. This “boutique” bank aims to raise private capital to fund companies dedicated to developing future clean technologies and achieving net-zero emissions.

Skidmore, renowned for authoring the government’s Net Zero Review, emphasized the bank’s mission to “transform the world” by enabling scale-up firms to access essential financial resources. This initiative is poised to play a crucial role in the green technology sector, promoting sustainable innovations and economic growth.

Skidmore stated, “Our goal is to bridge the financial gap for emerging clean tech firms and drive the transition to a sustainable future.” Desmos Capital Partners is positioned to address the pressing need for investment in green technology, aligning with global efforts to combat climate change and foster environmental resilience.

Highlighting the urgent need for such financial support, Skidmore added, “The transition to a low-carbon economy is not just an environmental imperative, but a significant economic opportunity.” He noted that the bank aims to attract investments from both private and institutional investors who are committed to the net-zero transition.

Desmos Capital Partners will particularly focus on firms developing innovative technologies in renewable energy, energy storage, and carbon capture. Skidmore believes that these areas are critical for the UK and the global community to meet climate targets and ensure a sustainable future.

The clean tech sector is ripe for innovation and investment,” Skidmore remarked. “By providing the necessary financial backing, we can help these companies scale up their operations and bring their groundbreaking technologies to market.

Related Article: Google offers support for European and Israeli startups working on AI and climate solutions

The launch of Desmos Capital Partners comes at a pivotal time as governments and industries worldwide ramp up efforts to combat climate change. Skidmore’s initiative reflects a broader trend of increasing private sector involvement in financing the transition to a green economy.

In conclusion, Desmos Capital Partners is set to be a vital player in the green tech financing landscape, driving the development and implementation of sustainable technologies. With Skidmore’s leadership and vision, the bank aims to make a substantial impact on the journey towards a net-zero future.

Topics

Related Articles

LOADING

Type to search

Blog

GameChange Solar Brings Utility-Scale Tracker Technology to New Zealand
Monsoon Wind Powers Up 600 MW, First Cross-Border Wind Farm in Asia
Hong Kong Positions Itself as Global Hub as 90% of Family Offices Integrate ESG
Enfinity Global Secures $341M to Build 276 MW of Solar Projects in Italy
thyssenkrupp Nucera Acquires Green Hydrogen Systems Assets
Neuberger Berman Joins Blackstone in Backing Sustainability Software Provider Sphera
Ghana, Singapore Forge Sustainable Development and Carbon Market Partnership
Diginex, SGS Strengthen Alliance to Scale Sustainable Finance Solutions
Iberdrola España Starts Commissioning of €200M Ciudad Rodrigo Solar Plant
Protecting Nature Could Unlock Growth and Jobs, Says World Bank Report
image of the Triibe team on stage during event
Trump Administration Cuts $679 Million in Offshore Wind Funding
Thailand’s Tourism Authority Drives ESG Tourism to Boost Community Income, Global Recognition
PepsiCo Reports 2024 Progress on pep+ Sustainability and Nutrition Goals
RBI to Integrate Climate Resilience into India’s Financial System
BlackRock, LGIM Face $34 Billion Loss in Dutch Pension Shift
Denmark to Launch EU-Standard Green Bonds, Raising the Bar for Sovereign Issuance
RMI Welcomes 18 Climate Tech Innovators to Drive Global Decarbonization
Rolls-Royce, Microsoft Back HVO as Low-Carbon Fuel for Singapore Data Centres
Temasek’s GenZero Commits to Climate Impact Milestone by 2028
","session_id":"ep-sess-1760502525-dbDdQsUh","page_url":"https:\/\/esgnews.com\/former-uk-minister-chris-skidmore-launches-bank-for-clean-energy-startups\/","post_id":"28627","tracking_enabled":"1","original_referrer":"","has_embedded_content":""}; /* ]]> */