What is Gigascale Capital's investment focus, and how does it connect AI growth with clean tech?

Gigascale Capital, co-founded by former Meta CTO Mike Schroepfer, focuses on early-stage clean tech startups that support the AI boom—particularly those enabling the massive energy demands of data centers. Its portfolio includes Form Energy (long-duration energy storage for Google’s Minnesota data center) and Panthalassa (wave-powered AI inference computing at sea), reflecting a strategic pivot where climate tech viability is increasingly tied to AI infrastructure needs.

According to Gigascale’s leadership, what makes a climate tech startup compelling—even without an explicit AI linkage?

According to Gigascale Founding Partner Victoria Beasley, a climate tech startup can succeed without an AI thesis if it has a strong, non-sustainability-driven value proposition—specifically, cost-competitive or cost-superior economics versus fossil-based alternatives. She cites Dioxycle, which converts CO₂ into ethylene, as compelling not because of its climate benefits, but because it is on track to deliver ethylene at a cost lower than fossil fuels, evidenced by its multi-year supply agreement with L’Oréal for packaging materials.

Former Meta CTO Raises Clean Tech Fund as AI Reshapes Sector

Jun 1, 2026

Gigascale Capital raised $250 million led by former Meta CTO Mike Schroepfer to back clean tech startups aiding AI. Investments include battery storage and Dioxycle, converting CO2 into ethylene for L’Oreal packaging materials.

bloomberg

2026-06-01

Former Meta CTO Raises Clean Tech Fund as AI Reshapes Sector

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