This week on New Wave Weekly:

👉 Stegra and the Billion-Euro Gap

Sweden’s Stegra (formerly H2 Green Steel) raised €6.5 billion to build Europe’s largest green-steel plant, then the FT called it a “funding crisis.” Is this media clickbait, or is Europe’s gigascale model showing cracks?

👉 All Aboard: The Collaborative Fund Movement

A new US initiative is pooling $300M from top VCs to de-risk first-of-a-kind climate projects. Should Europe follow suit, or is public capital our real advantage?

👉 AI as a Climate Catalyst

From DeepMind’s fusion simulations to data centers that run on nuclear-scale power, could AI become the unexpected accelerant for decarbonization?

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References:

Swedish green steel firm Stegra seeks another $1.1 billion in financing | Reuters

SHS Raises $2 Billion for Green Steel Project in Germany - ESG Today

Stegra announces agreement with Microsoft - green steel - Stegra

Laurie Menoud on scaling climate-tech

Flagship green steel start-up in funding crisis

All aboard a game-changing initiative

The real reason Google DeepMind is working with a fusion energy startup

FAST by Patrick Collison

[Book] - Breakneck: China’s Quest to Engineer the Future” by Dan Wang

“AI Infrastructure: Trojan Horses for Climate Infrastructure”

What Denmark’s Hippie Teachers Can Teach Us About Financing Climate Tech

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Wave Makers:

Jonny Everett - Marble

Maxi Pethö-Schramm - HV Capital

Yair Reem - Extantia

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Chapters:

(00:00) Introduction

(01:05) VC Money. Infra Problems.

(29:29)  The First Collaborative Fund?

(41:46) AI for Fusion?

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