TechCrunch Features Trellis Climate & Prime’s Unique Approach to Climate Finance

TechCrunch’s Tim De Chant featured Prime Coalition’s new 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. Tim writes:

Let’s say you’re a founder who started a company that’s based on a breakthrough technology which can make hydrogen cheaper and faster than anyone else — so much faster and cheaper that you sailed through your first several rounds of fundraising, bringing in tens of millions of dollars to prove it works. And it does, even better than expected.

Now all you have to do is build a commercial scale plant, the so-called first-of-a-kind facility. Some call it the “commercial valley of death,” and it’s the point at which many climate tech startups struggle. Because no one has undertaken a project like that before, the usual financiers tend to balk; there are too many unknowns.

Climate nonprofit Prime Coalition is hoping to bridge the valley with a new program, Trellis Climate.

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