WSJ Tech News Briefing · Friday, September 25, 2026
Venture investors in the climate tech sector are increasingly prioritizing AI and the infrastructure for data centers, moving away from a primary focus on climate change and decarbonization. Investments in energy and data center companies by these funds have reached $31 billion this year, representing over two-thirds of their total capital deployment. This marks a significant shift from five years ago when these areas constituted only about a fifth of climate tech investments.
“And Climate Tech venture investors are shifting their focus from climate change and decarbonization to AI and powering data centers.”
“According to market intelligence company Currences, investments into energy and data center companies by climate tech venture and growth funds totaled $31 billion so far this year, accounting for more than two-thirds of all capital deployed by such investors.”
“Five years ago, these sectors represented about a fifth of climate tech dollars.”