Matthew Nordan, co-founder and General Partner, was recently featured on Energi Media – global energy journalism’s podcast “Trump’s Surprising Upside for Some Climate Tech Startups,” where he credited our portfolio companies’ techno-economic strength and focus on core sectors that align with the current administration’s priorities.
At Azolla Ventures, we invest in companies that can compete and win on a freestanding economic basis without relying on policy support. As a result, a majority of companies across the Azolla and Prime Impact Fund portfolios are either experiencing tailwinds from today’s political landscape or are largely untouched by policy shifts. For example, critical materials companies, such as PIF portfolio company Lilac, are seeing unprecedented support through tariffs, permitting reform, and the Defense Production Act.
Additionally, strong demand for clean firm power driven by hyperscalers and AI data centers is creating unexpected opportunities. With natural gas turbines delayed until 2031, companies are exploring nuclear, geothermal, and long-duration storage solutions to meet reliability needs today. And it’s important to remember that these companies “have strategic horizons that are longer than a president or an elected body,” said Matthew Nordan.
To learn more about the surprising upside for some climate tech startups, watch the full podcast here: