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Wednesday, 4 August 2021, 1:59 pm Climate Venture Capital Fund, New Zealand’s only dedicated climate-change venture capital fund, has made its first investment. The New Zealand-based fund invested in MGA Thermal, an Australian clean energy company that uses state-of-art metallurgy to create shoebox-sized composite blocks for storing renewable energy. “We are thrilled to make this investment, not just because it’s our first, but because MGA Thermal shows such promise,” says Dr Jez Weston, a partner in CVCF. A trained metallurgist, Dr Weston led CVCF’s investment process. “The company perfectly fits our criteria, which is to deliver venture-level growth and financial returns, alongside high emissions reductions.

United statesNew zealandNew zealand generalLance wiggsRohan macmahonJez westonErich kisiPunakaiki fundClimate venture capital fundClimate venture capital fund makes first investmentAustralian thermal energy companyCitizen communityFoundation for public interest journalismUniversity of newcastleAustralian department of industryClimate venture