AI data center boom shifts climate tech fundingMachine translation
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At New York Climate Week, energy-related startups saw AI data center construction as a funding opportunity, while some founders worried it was drawing attention away from other climate tech sectors. PitchBook data shows climate tech venture deal value rose for four consecutive quarters and exceeded $14 billion in the first quarter of this year, driven mainly by sectors boosted by data center construction, including the built environment, grid infrastructure and dispatchable energy.
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