Silicon Valley Bank collapsed on Friday and following its seizure by regulators with the Federal Deposit Insurance Corporation (FDIC) it has been revealed that the bank was vital to the “climate-tech sector,” in addition to it being heavily used by tech companies based in Northern California and many venture-backed companies.
According to Heatmap News, a managing director at climate change venture capital firm Prelude Ventures , Gabriel Kra, said, “Silicon Valley Bank (SVB) was an integral part of the early-stage climate tech community and I hope that they survive in some form to continue that role.”
Tucker Carlson and Vivek Ramaswamy discuss central bank digital currencies. The outlet reports that SVB “bragged” on its website about its support of hydrogen, solar, and energy-storage companies, noting that the bank provided finance to the community solar industry upwards of 60 percent.
The largest residential solar company in America, Sunrun , received […]
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