BusinessEnergyInnovation

Clean Energy Investment Faces Setbacks as Projects Worth $1.6B Canceled in September

Companies canceled or scaled back nearly $1.6 billion in clean energy projects in September, contributing to over $24 billion in withdrawn investments this year. Despite some new project announcements, analysts suggest the clean energy sector’s growth trajectory has sharply slowed in 2024.

Significant Clean Energy Project Cancellations

Companies canceled or scaled back nearly $1.6 billion in clean energy projects during September alone, according to reports from clean energy advocacy group E2. This brings the total amount of withdrawn investment to more than $24 billion so far this year, indicating substantial challenges facing the renewable energy sector.

EnergyStartupsTechnology

Rightcharge Secures €1.8 Million to Expand Fleet EV Charging Payment Platform Across European Markets

London-based Rightcharge has secured €1.8 million in seed funding to expand its automated EV charging payment solution for fleets across Europe. The platform addresses the critical challenge of home charging reimbursement through direct energy account integration. Through a partnership with Octopus Electroverse, the technology will be deployed across multiple European markets.

Funding Round and Expansion Plans

London-based electric vehicle charging platform Rightcharge has reportedly secured €1.8 million (£1.6 million) in a seed funding round to accelerate its European expansion, according to recent reports. Sources indicate the investment was led by Soulmates Ventures, with participation from Blackwood Ventures, Unruly Capital and Purple Ventures.