The distributed energy resource revolution is here, and the proliferation of renewable energy generation and storage will present meaningful opportunities for businesses and organizations to access cheaper, cleaner, and reliable energy all while reducing scope 2 emissions.

Unfortunately, for many small to medium-sized energy infrastructure projects, financing remains a challenge. They are often too large for community lenders and too small for traditional renewable energy investors. This funding gap is a critical roadblock towards clean energy transition.

Investing platform Climatize is leading the charge in addressing this funding gap, offering a unique solution that empowers individuals and institutional investors to invest directly in renewable energy projects. Its goal is to drive billions of dollars into renewable energy projects, lower energy costs, electrify and decarbonize businesses, and mitigate the effects of climate change.

Co-founded and led by CEO Will Wiseman and COO Alba Forns, both recognized as Forbes 30 under 30 honorees, Climatize’s innovation is receiving wide recognition, including being named a Fast Company World Changing Ideas winner.

At Myriad Venture Partners, we believe the successful enterprises of tomorrow will be sustainable and responsible. And many of those companies will also be energy companies, no longer unconscious consumers of electricity, but active participants in the market and climate aware. As we look to advance the clean energy transition for enterprises large and small, Myriad is proud to lead Climatize’s $1.75 million pre-seed round.

Democratizing Access to Clean Energy Investments

Climatize is breaking new ground by supporting renewable energy projects in areas overlooked by traditional investors. By focusing on small and medium-sized projects - often in communities and regions that can benefit most from cheap renewable energy ⸺ Climatize is democratizing access to green technologies. This helps lower energy costs and decarbonize businesses, many of which are in rural and suburban areas growing and manufacturing the food and goods we all enjoy.

Climatize’s platform also makes it easy for non-traditional investors⸺and really, any US-based investor over the age of 18⸺to participate in renewable investments by allowing them to fund these initiatives with the opportunity to earn up to 10 percent annually.

Since its inception in 2023, Climatize has successfully funded 11 projects across seven states, raising over $4.6 million from more than 950 investors. These investments have supported the installation of 965 kW of new solar capacity and 1357 kWh of energy storage, benefiting businesses such as farms, community centers, and houses of worship. With Climatize, investors not only contribute to these impactful installations but also actively support the clean energy transition in their communities.

‍Unlocking Green Potential with Tax Credits

The Inflation Reduction Act (IRA) plays a significant role in accelerating the energy transition. Tax credits generated from renewable energy projects are now transferrable. The seemingly minor change in tax law has tremendous implications for the state of clean energy projects ⸺ particularly for small and medium-sized projects associated with SMBs. Over 500 companies have registered 45,500 projects for these tax credits, illustrating their pivotal role in funding renewable energy projects.

However, many of the businesses and holders of these tax credits do not generate the volume of liabilities that allow them to benefit from these. This results in an excess of credits that go unmonetized. The IRA’s allowance for these tax credits to be accrued and sold will enable the infusion of new tax equity investors like corporations, fueling a rapid growth of energy projects that otherwise were limited in the sourcing and structuring of financing. Climatize’s unique ability to serve up investment-grade projects will also enable the monetization of investment tax credits.

Strategic Partnerships for Sustainable Growth

Climatize has also teamed up with key industry leaders like Ovanova and Arcadia to co-invest in community energy and with Crux to maximize developer tax credits. These partnerships highlight the company's dedication to building a strong and supportive network for renewable energy growth.

‍A Shared Vision for a Greener Tomorrow

At Myriad, we recognize the critical role that innovative solutions like Climatize play in enabling businesses to improve their operational costs while reducing their carbon footprint.  We are proud to support Climatize’s efforts to make clean energy financing more efficient, transparent and accessible. Our investment in Climatize aligns with our commitment to backing visionary founders and companies creating the next generation of sustainable business solutions.

By investing in Climatize, we're not just supporting a company, we're championing a sustainable future. Join us in making a difference. Stay updated on Climatize’s journey and explore how you can be part of this movement at https://www.myriadventures.com.