This morning, I awoke to some breaking news: 800,000 people in my home state of California have no power. No traffic lights, no gas stations, no grocery stores – I’m talking complete darkness.
PG&E, the biggest utility provider in the state, decided to shut down much of their coverage in an effort to prevent wildfires. See, last year’s wildfire season battered California and killed dozens of people – and electrical wires were partly to blame.
With natural disasters becoming more common and severe, Silicon Valley is starting to take notice. There’s a massive trend in startup-land towards preventing and solving the problems brought on by extreme weather – around here, we call it “cleantech.”
Interestingly enough, these startups aren’t just doing good – they’re doing well, too. Venture capitalists and consumers alike are jumping on the bandwagon in droves. After all, what’s not to love about a business that can improve our lives on earth and make us rich?
A few notable examples:
Exelon just launched a $20 million initiative to fund cleantech startups earlier this month.
Carbon Engineering, a carbon-removal startup backed by Bill Gates, recently raised $68 million to build its first facility.
And let’s not forget Beyond Meat, the plant-based meat company that went public earlier this year. Its stock is up more than 400% – and its earliest investors are making a killing.
All over the world, there are startups and “green funds” popping up to tackle these multibillion-dollar problems. And, as their missions become more and more “in demand,” the value of the cleantech industry can only go higher. By 2022, the cleantech sector is projected to reach $2.5 trillion.
That makes now the perfect time to start looking for startups that aim to make life cleaner, safer, and better for people as the world changes.
One startup I know of is working to change the way those affected by natural disasters rebuild their lives. See, traditional insurance policies can take weeks or months to process payouts.
This tiny startup is completely solving that problem, by ensuring that victims receive enough money to stay on their feet… right away.
Not only is this company’s mission insanely important to people living in disaster-prone areas… it could also be super-profitable for the startup and its backers.
I think it would be a great addition to any cleantech portfolio – and it’s still accepting investors. In fact, for just $100, you could be a part owner of this startup and share in its success. Just click here to learn more.
Until next time,