内容来源：https://www.geekwire.com/2025/climate-tech-companies-dominate-pnw-funding-with-the-three-biggest-investment-rounds-in-2025/

内容总结：

今年迄今，美国太平洋西北地区获得融资规模最大的三家企业均致力于经济脱碳领域，凸显出清洁能源技术投资的显著升温。比尔·盖茨联合创立的泰拉能源通过新一代小型模块化核反应堆项目募资6.5亿美元，获盖茨本人、英伟达风投部门和现代重工等机构注资；电池材料企业Group14 Technologies筹集4.3亿美元用于建设美韩生产基地；核聚变企业Helion能源则获得4.25亿美元用于技术研发及首座商用反应堆建设。

据当地科技媒体统计，2025年该地区近40%的风险投资流向清洁能源与气候科技领域，这一现象与全美投资降温趋势形成反差。尽管该领域存在投资周期长、政策不确定性高等挑战，但亚马逊、微软等科技巨头对清洁电力的迫切需求，西海岸地区积极的气候政策，以及成熟的企业减排承诺体系，共同构筑了独特的投资生态。

业内人士指出，储能技术、智能电网和可持续材料成为资本重点关注方向。不过，核聚变商业可行性、模块化反应堆成本效益等关键问题仍需市场检验。随着多个项目进入建设阶段，太平洋西北地区正成为全球气候技术创新与资本聚集的重要试验场。

中文翻译：

今年迄今为止，太平洋西北地区企业获得的最大三笔投资均流向致力于经济脱碳的企业：

• 比尔·盖茨联合创立的泰拉能源公司为其新一代小型模块化核反应堆募集6.5亿美元，投资者包括盖茨本人、英伟达旗下风投机构以及造船企业现代重工。
• 生产硅阳极电池材料的Group14科技公司宣布获得4.3亿美元新资金，用于支持华盛顿州东部和韩国的制造工厂。
• 氦聚变能源公司获得4.25亿美元资金，用于支持其聚变技术创新及首座商用反应堆建设（位于华盛顿州东部）。

根据GeekWire资金追踪器统计，清洁能源、气候与可持续技术公司今年已获得该地区近40%的投资金额（截至目前涵盖超125轮融资）。这一趋势令人惊讶：

• 鉴于硬件资本投入巨大且盈利周期漫长，气候科技与清洁能源领域向来并非风投宠儿。
• 随着白宫与共和党主导的国会削减政策支持以及关税壁垒推高成本，该领域今年不确定性加剧。
• 上周特朗普政府叫停罗德岛州近乎竣工的海上风电项目，进一步动摇了行业信心。

但投资者认为太平洋西北地区气候科技企业获得追捧存在多重因素。企业战略投资公司Earth Finance创始人鲁文·卡莱尔指出，该地区风投机构和企业坚信全球正迈向脱碳时代，清洁能源需求将持续增长。这种认知模式下，相关领域的投资与创新合乎逻辑。

"无人低估当前面临的挑战与混乱...但这是场持久战。"卡莱尔表示，"西雅图高科技社区的基因正是从纷杂噪音中甄别长期信号。"总部位于西雅图的气候投资组织E8 Angels执行董事卡琳·基德同样强调，迫切的能源需求是资金涌入的关键动因。亚马逊和微软等科技巨头正争相获取清洁电力，以满足其不断扩张的人工智能业务需求。

"当前投资者尤其关注储能、电网与分布式解决方案、可持续材料等领域，这些方向既能解决紧迫市场需求，又具备规模化潜力。"基德表示。

太平洋西北地区对清洁能源与气候技术的支持力度与全国趋势形成反差。PitchBook数据显示：美国气候企业在2021年经历爆发式增长后，2023年投资额骤降约50%，2024年维持同等水平（每年总额近140亿美元）。而今年截至目前，风投在该领域投资额约80亿美元。

涵盖华盛顿州、俄勒冈州、不列颠哥伦比亚省与爱达荷州的太平洋西北地区企业，2025年已募集超20亿美元资金，近乎去年融资额的三倍。曾任州参议员的卡莱尔指出，西海岸亲气候的公共政策，加上亚马逊、微软、星巴克、波音和T-Mobile等国际企业践行碳减排目标的集群效应，共同维系着市场对气候初创企业的投资热情。

"当下市场具备承担风险的意愿。"他补充道。华盛顿州的支持政策包括：《气候承诺法案》对碳排放者收费、本州清洁电力生产要求、建筑能效标准等。

基德还指出该地区成为气候科技与投资热土的额外优势："高校输送的人才与创意、不断扩大的投资者群体、切实的企业承诺以及历史性的州政府支持。这种综合生态使创业者能快速启动并实现规模化成长，同时获得多元化资本渠道。"

尽管如此，该地区许多获得大额融资的气候科技企业仍面临重大成功障碍与核心不确定性：聚变技术能否产生足够电力？小型模块化反应堆能否实现盈亏平衡？美国能否建立强大的本土电池产业？

随着气候企业积极部署技术——氦聚变能源今夏启动首座反应堆建设，泰拉能源近期宣布怀俄明州核设施进展——这些问题即将迎来答案。

英文来源：

The three biggest investments so far this year in Pacific Northwest companies have gone to businesses working to decarbonize the economy.

• TerraPower, a company co-founded by Bill Gates, raised $650 million for its next-gen, small modular nuclear reactors. Investors included Gates, NVIDIA’s venture capital arm, and HD Hyundai, which builds ships.
• Group14 Technologies, which is producing silicon-anode battery materials, announced $430 million of new funding to support manufacturing facilities in Eastern Washington and South Korea.
• Helion Energy landed $425 million to help fund its fusion innovations and construction of its first commercial reactor, located in Eastern Washington.
  Clean energy, climate and sustainability tech companies netted nearly 40% of investment dollars in 2025 across the region, according to GeekWire’s funding tracker, which includes more than 125 rounds so far this year.
  It’s a surprising trend.
• Climate tech and clean energy are not typically the darlings of the venture capital world given their hardware capital costs and the need for long time horizons before any shot at profitability.
• The sector has grown less certain this year as the White House and Republican-led Congress claw back support for these efforts and tariffs threaten to drive up costs.
• The field was further rattled last week when the Trump administration halted a nearly completed offshore wind-power project in Rhode Island.
  But investors offer numerous reasons for the surge in support of climate tech companies in the Pacific Northwest.
  Reuven Carlyle, founder of the corporate strategy and investment firm Earth Finance, said that venture capitalists and companies in the region believe the world is moving toward decarbonization and that demand for clean energy will keep growing. With that mindset, investing and innovating in this space make sense.
  “No one is minimizing the challenge and the chaos of this moment…. but there is a long game,” Carlyle said. “And the DNA of the Seattle high-tech community is separating the signal from the noise for the long game.”
  Karin Kidder, executive director of the Seattle-based climate investment group E8 Angels, joined Carlyle in pointing to the urgent need for new energy as a key driver of the funding. Tech giants such as Amazon and Microsoft are scrambling to secure clean electricity to power their ever-expanding AI operations.
  “Right now investors are especially interested in areas like energy storage, grid and distributed solutions, and sustainable materials, because they are solving urgent market needs and have strong potential for scale,” Kidder said.
  The support for clean energy and climate technologies in the Pacific Northwest diverges from what’s happening nationwide.
  After a blockbuster year for U.S. climate companies in 2021, investments dropped by roughly half in 2023 and stayed there in 2024, totaling nearly $14 billion each of those years, according to PitchBook data. So far this year, venture capitalists have invested around $8 billion in the sector.
  Pacific Northwest companies — which include businesses in Washington, Oregon, British Columbia and Idaho — have raised more than $2 billion in 2025, which is nearly three times the amount of capital netted last year.
  Carlyle, who is a former state senator, said that pro-climate public policy on the West Coast, combined with a concentration of international companies pursuing ambitious carbon-reduction goals — including Amazon, Microsoft, Starbucks, Boeing and T-Mobile — helps sustain interest in climate startups even when facing challenging odds.
  “There is a willingness to embrace the risk at this moment,” he said.
  Supportive policies in Washington include the Climate Commitment Act, which charges emitters for their carbon pollution; requirements for producing clean power in the state; and building efficiency standards, among others.
  Kidders pegs the Pacific Northwest as a climate tech and investment hot spot for additional reasons, including “the talent and ideas coming out of our universities, a growing pool of investors, real corporate commitment, and historic state support,” she said. “That mix makes it a place where founders can start and scale quickly with access to a diverse mix of capital.”
  That said, many of the top-funded climate tech companies in the region face serious hurdles to their success and essential uncertainties remain: Will fusion technologies generate sufficient power? Can small modular reactors pencil out? Will the U.S. build a robust domestic battery industry?
  With climate companies actively deploying their technologies — Helion broke ground this summer for its first reactor and TerraPower recently announced progress on its nuclear facility in Wyoming — answers to those questions are coming soon.