The German company has partnered with cleantech firms to build an ammonia cracker that could produce emissions-free hydrogen at industrial scale.

Terna Forward has been allocated over $50m and will look to invest in external companies as well as spinning off innovative technology through an incubator model.

Oil and gas companies' profits have risen more than five-fold in the last two years. But investment activities are increasing more slowly.

Gareth Burns is departing from energy company Equinor's corporate venture subsididary, which he heads as vice-president.

The energy sector hasn't had a technology breakthrough for a decade. But Engie New Ventures' Johann Boukhors is excited about the potential for green hydrogen and methane.

The CVC grows to €1bn in committed capital and becomes one of the largest venture capital units focused on electrification, digitisation and decarbonisation.

NCSoft invested $15m in Mysten Labs to take the latter’s series B round to $300m while Porsche backed Xanadu’s $100m series C.

The value of VC deals in China tumbled 44% to $62.1bn by the end of October, but energy-related startups are still raising big rounds.

Xiaomi provided $68.9m in series C funding for Atech Automotive while Intel and Micron were part of Eliyan’s $40m series A round.

The Amazon Climate Pledge Fund has pledged to invest more than $50m in female-led climate technology companies and has teamed up with USAID for the project.