Limiting Climate Change: Sustainability in Elaia's Portfolio
As part of the 2024 Elaia Sustainability Report, we’re featuring startups from the portfolio that stand out for their commitment to ESG. First up, those building startups that matter in climate.
Dive into the full 2024 Sustainability Report at elaia.com/esg.
We recognise the pressing threat of climate change and the race to decarbonise the global economy. While some technologies have matured and are now economically competitive with polluting technologies, the complexity of the energy transition offers many opportunities for new technologies to still come to market. Below are examples of our technologies innovating in this space from our portfolio, addressing major planetary health concerns.
Portfolio Case Study: Mitiga Solutions
Extreme heat and related climate perils will put trillions of euros of the world economy at risk by year 2050, with significantly higher losses in the Global South due to reduced resources versus the Global North (Source: WEF).
Companies across the EU and globally must urgently assess their individual exposure to climate-related events, especially regarding the physical assets they own, operate, or invest in. While this intelligence is often necessary for compliance with national or regional regulations, its value extends far beyond. It enables smarter location planning, enhances operational resilience, and strengthens overall risk management. It can also play a critical role in disaster preparedness and continuity planning.
EarthScan is Mitiga’s SaaS platform that lets companies analyse, report and act on their exposure to climate risk. Powered by Mitiga Solutions and built on the latest in climate science and data modelling, EarthScan provides insights across 3 climate scenarios and multiple time horizons. It is used by clients in infrastructure, commercial real estate, and financial services to gain customised insights into their exposure to extreme weather events.
Portfolio Case Study: Dunia
Dunia was founded to pioneer the world’s most essential clean energy technologies and accelerate their path to maturity. Committed to catalysing the energy transition, Dunia relentlessly innovates to power a sustainable future. Their first goal is tackling one of the grand challenges in clean energy: developing the world’s first cost-effective CO2 electrolyser.
With conventional innovation cycles lasting decades, Dunia’s self-driving lab aims to reduce this timeframe to under three years, providing a compelling market opportunity with immense environmental benefits.
Traditional chemical research relies on slow and inefficient “design, make, test, analyse” cycles. Dunia rethinks this process by using advanced chemical-robotic workflows and proprietary quantum chemistry-derived material representations. These representations together with their in-house proprietary datasets give Dunia’s machine learning systems a competitive edge over other black-box ML approaches, allowing for faster material discovery.