Mark Shmulevich, Managing Director at Aloniq, says that although the CleanTech industry is seeing a surge in investment and innovation across a variety of technologies, renewable startups in the space still face major operational and financial obstacles.

Shmulevich pointed out that the industry is growing in two ways: although a variety of technologies offer advancements toward net-zero objectives, financial limitations provide obstacles to sustainability.

He emphasized the increase in interest from financiers eager to back clean energy solutions that advance ESG goals. According to him, there is a variety of technologies, and it seems that many technical methods will continue to flourish and that this market will not be a winner-take-all.

Government and regulatory agencies are crucial in determining the climate for CleanTech firms, Shmulevich emphasized. He said that governments must prioritize policies that facilitate the easy entry of new businesses into the market. Depending on how they are written, regulations may either be a major help or a burden. It is also crucial to develop technological talent in the industry.

Speaking about the state of CleanTech investments, Shmulevich acknowledged that financing for CleanTech businesses has increased. He noted that the need for sustainable technology is a long-term movement rather than a fad. They're keeping a careful eye on advancements in battery technology since there are many new strategies. This industry will continue to advance due to rising worldwide energy consumption and growing computing demands.

Citing examples such as Cargill's efforts in sustainable FoodTech and airlines investigating sustainable aviation clean energy solutions, he also predicts more CleanTech mergers and acquisitions as big businesses make investments to reach net-zero targets.

However, for many CleanTech firms, financial obstacles continue to be a major obstacle. "The majority of projects are really capital intensive," Shmulevich noted. He clarified that from a CleanTech investment perspective, investors look for projects that have a clear path to future capital support or that can swiftly get debt Green energy funding.