Base Power Raises $1B | EIP’s Mega Fund | Germany’s CCS Push

Base Power Raises $1B | EIP’s Mega Fund | Germany’s CCS Push

Author: Hugo Rauch October 17, 2025 Duration: 56:15

Brought to you by:

D-CRBN - a Belgian startup turning industrial CO₂ emissions into valuable feedstock using cutting-edge plasma technology. If you want to learn more, reach out directly to David Ziegler or Gill Scheltjens.

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🌊 This week on New Wave:

👉 Base Power’s $1B Series C

The fastest-growing energy startup in America raises $1 billion at a $3 billion pre-money valuation. Is this a pure execution play or a new model for distributed energy? And is vertical integration the new moat in climate?

👉 EIP’s $1.3B Growth Fund

Energy Impact Partners closes its largest vehicle yet, a $1.3 billion fund. But with few late-stage climate companies to back, where will all that capital go? And are specialist billion-dollar funds the new normal?

👉 Germany launches €6B decarbonization program

Germany launches an industrial decarbonization package that finally includes carbon capture and storage. Pragmatism or surrender? Are we entering the “capture era” of Europe’s energy transition?

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References:

Germany launches 6 billion euro industrial decarbonisation program

Base Power raises $1B to deploy home batteries everywhere

Energy Impact Partners Closes Latest Flagship Fund

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Wave Makers:

Jonny Everett - Marble

Julia Attwood - Sightline Climate

Hampus Jakobsson - Pale Blue Dot

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Chapters:

(00:00) Introduction

(01:26) Base Power raises $1B

(35:46) EIP closes a $1.3B fund

(47:09) Germany launches €6B decarbonization program

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This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit newwavenewsletter.substack.com

Hugo Rauch hosts New Wave, a podcast that lives at the intersection of business ambition and scientific reality. This isn't about distant predictions or abstract science; it's a grounded exploration of the technologies and companies being built right now to address our environmental future. Each episode focuses on the practical journey, dissecting the models, the breakthroughs, and the hard decisions that define the climate tech landscape. You'll hear from founders, researchers, and investors who are actively shaping this space, getting into the specifics of what works, what doesn't, and why. The conversations move beyond hype to examine the tangible mechanics of creating viable solutions, from energy storage and sustainable materials to carbon removal and regenerative agriculture. It’s for anyone who thinks about the climate challenge not just as a crisis, but as a complex and urgent field of innovation. By tuning into this podcast, you gain a clearer understanding of the economic forces and scientific principles driving the next generation of environmental solutions. New Wave connects the dots between the lab, the boardroom, and the impact we need to see in the world, offering a sober yet optimistic look at where substantive progress is truly being made.
Author: Language: English Episodes: 89

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