ImpactAlpha Highlights Trellis Climate’s Solution To Climate Tech's FOAK Finance Gap

Amy Cortese of ImpactAlpha wrote about climate tech’s first-of-a-kind funding gap and highlighted Prime’s catalytic capital program, Trellis Climate, which is designed to accelerate the deployment of first-of-a-kind climate projects through catalytic capital. The program will address commercialization barriers for startups building high-impact climate infrastructure solutions that are critical to reaching net zero targets by 2050. Amy writes:

Boston-based Prime Coalition has spent more than a decade identifying funding gaps for early stage climate tech and marshaling risk-tolerant capital to fill them, through Prime Impact Fund and Azolla Ventures. 

With Trellis Climate, Prime is expanding its work to include later stage climate tech ventures building their first commercial plants. These first-of-a-kind projects, or FOAKs, are notoriously hard to finance. They typically don’t fit the venture capital model, but are considered too risky for commercial infrastructure and debt investors. 

To read the full article, please visit ImpactAlpha.