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moves money The Register July 16, 2026

AI power binge delivers best half since 2022 for climate tech venture funding

AI power binge delivers best half since 2022 for climate tech venture funding
AI Summary

Climate tech venture capital had its strongest first half since 2022 as investors poured billions into low-carbon datacenters and projects needed to feed AI's seemingly endless appetite for compute. According to investment tracker Currence, climate tech startups pulled in $26.1 billion in venture funding during the first six months of 2026, up 55 percent year-over-year. However, that headline growth came with a catch: investors weren't backing the climate sector broadly so much as pouring money

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