March 12, 2025 – Investment firm Aligned Climate Capital has successfully closed its second venture fund, Aligned Climate Fund 2 LP (ACF2), at $85 million, doubling the size of its first fund. The new capital will accelerate clean energy and decarbonization efforts by backing companies at the Seed through Series B stages.

Investing in Scalable Clean Energy Solutions

Aligned Climate Capital’s investment strategy focuses on financeable clean energy solutions across key sectors, including:

Renewable energy
Efficient and resilient infrastructure
Electric transportation
Sustainable land use

The firm’s goal is to scale companies rapidly, ensuring they reach profitability in the near term while actively supporting them with financing, partnerships, and commercialization strategies.

To date, ACF2 has invested in nine companies, including:

BoxPower
BrightNight
CarbonQuest
ChargerHelp!
EVenergi
NYLE Water Heating Systems
Port Wind
UtilityAPI
A geothermal company yet to be announced

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Accelerating the Clean Energy Transition

“The clean energy transition isn’t a technology challenge; it’s a deployment challenge.”

— Peter Davidson, CEO, Aligned Climate Capital

Davidson emphasized that existing clean energy solutions already outperform fossil fuels, but scaling them requires capital, expertise, and market access—a gap Aligned aims to bridge.

Backed by Leading Institutions & Philanthropic Impact

Key supporters of ACF2 include The Ford Foundation, The Rockefeller Foundation, and institutional investors. In a unique move, Aligned has pledged 3% of the fund’s carried interest to nonprofit organizations focused on climate justice and clean energy equity, including:

The Honnold Foundation – Expanding solar energy access
Climate & Clean Energy Equity Fund – Supporting grassroots climate justice initiatives
Impact Capital Managers – Promoting impact investment collaboration

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