A Category-Defining
Climate Fund

Cooling is one of the fastest-growing—and most overlooked—sources of global emissions.

Refrigeration, air conditioning, HVAC, and thermal systems already account for up to 10% of global greenhouse gas emissions.
 With demand surging across data centers, logistics, real estate, and industry, this figure is accelerating—fast.

A Category-Defining
Climate Fund

Cooling is one of the fastest-growing—and most overlooked—sources of global emissions.

Cooling consumes 20% of global electricity and, without intervention, could use 20% of the world’s remaining carbon budget.

With demand surging across data centers, logistics, real estate, and industry, this figure is accelerating fast.

Clean Cooling Capital is Europe’s first dedicated impact fund targeting the €600B cooling market today, set to grow to €1.9T by 2035.

We invest in companies transforming the thermal economy: scaling natural refrigerants, breakthrough solid-state cooling, and enabling energy-efficiency and smart control solutions.

A Category-Defining Climate Fund
Cooling is one of the fastest-growing—and most overlooked—sources of global emissions.

Cooling consumes 20% of global electricity and, without intervention, could use 20% of the world’s remaining carbon budget.

With demand surging across data centers, logistics, real estate, and industry, this figure is accelerating fast.

Clean Cooling Capital is Europe’s first dedicated impact fund targeting the €600B cooling market today, set to grow to €1.9T by 2035.

We invest in companies transforming the thermal economy: scaling natural refrigerants, breakthrough solid-state cooling, and enabling energy-efficiency and smart control solutions.

Clean Cooling Capital is Europe’s first impact fund focused exclusively on this space.
We invest in companies transforming the thermal economy: eliminating high-GWP refrigerants, scaling solid-state technologies, and unlocking energy-efficient, grid-aware cooling infrastructure.

Why Now

  • The problem is urgent: Cooling demand is rising globally, especially in the Global South

  • Regulation is forcing an 80%+ reduction in HFCs by 2045, bans on PFAS refrigerants, and rising efficiency standards — creating a €1.9T market transformation

  • The opportunity is overlooked: Most climate capital ignores cooling, leaving a capital gap for critical technologies

  • The solutions are here: Natural refrigerants are commercial-ready today, while solid-state cooling is reaching first commercial applications.

What You Get

A focused thesis in clean cooling — an overlooked €1.9T transformation — with unmatched technical due diligence and global deal access.

Article 9 “dark green” impact alignment, with rigorous SDG metrics and transparent impact reporting.

Exclusive deal flow built on two decades of clean cooling networks and 300+ industry partners.

Exposure to a regulated Article 9 fund, designed to capture growth driven by clear regulatory tailwinds and disciplined portfolio construction.

Fund Profile

  • Target fund size: €250M (€300M hard cap)
  • Legal structure: Ireland ILP, Article 9 Impact Fund EU | AIFMD regulated
  • Stage: Late Seed to Series B
  • Portfolio size: ~25 companies
Focus areas

Our investment strategy targets four complementary pathways across the clean cooling spectrum:

  • Data Centre Cooling — solutions to cut the 40% of data centre energy consumed by cooling, critical for AI and cloud growth

  • Natural Refrigerants — proven CO₂, ammonia, and hydrocarbon systems for refrigeration, heat pumps, chillers, and industrial processes.

  • Solid-State Cooling — breakthrough thermoelectric, magnetocaloric, and electrocaloric systems eliminating refrigerants and delivering up to 50% energy savings.

  • Energy Efficiency Solutions — technologies that cut energy use across HVAC and cooling infrastructure.

  • Smart Controls & Monitoring — advanced controls, sensors, and software to optimise performance at scale.
Impact Credentials

Clean Cooling Capital is fully aligned with Article 9 “dark green” fund standards, ensuring compliance, transparency, and rigorous climate impact reporting.

Our strategy contributes directly to these core SDGs:

  • SDG 7: Affordable & Clean Energy
  •  SDG 11: Sustainable Cities & Communities
  • SDG 12: Responsible Consumption & Production
  • SDG 13: Climate Action


We track climate impact through portfolio company reporting on refrigerant elimination, energy efficiency, and emissions reduction, benchmarked against SDGs.

Let’s Talk

We’re building a fund designed for impact and discipline, focused on one of climate’s most overlooked opportunities.