
Evergreen Climate Innovations
Model & Strategy
Evergreen Climate Innovations (formerly Clean Energy Trust) provides catalytic capital and support to early-stage startups in the Mid-Continent region of the United States working on solutions for clean energy, decarbonization, and environmental sustainability. Evergreen Climate Innovations believes in the power of entrepreneurship and innovation to conserve natural resources, protect the environment, and combat climate change. Moreover, entrepreneurship and innovation create jobs and stimulate economic development in underserved regions of the Mid-Continent region. To date, Evergreen Climate Innovations has invested in 31 portfolio companies.



Erik Birkerts has over 25 years of operational and general management experience, including project financing and strategy development for energy efficiency and clean technology companies. Erik currently serves on the board of Milbank Manufacturing, acts as a senior advisor to Metrus Energy, and serves as a board observer for multiple Evergreen Climate Innovations portfolio companies. He also serves as a Mentor for the Obama Foundation Scholars program and as an Executive Mentor for the Baumhart Scholars MBA program at Chicago’s Loyola University. He earned an MBA at the University of Chicago’s Booth School of Business and a BA with honors in Economics and International Relations from Tufts University.
IMPACT
Evergreen Climate Innovations has invested $5.3 million in 31 companies from the Midwest and has helped to create over 550 jobs since its inception in 2010.
Evergreen Climate Innovations provides catalytic capital to address Midwest capital scarcity and support to early-stage startups working on solutions for clean energy, decarbonization, and environmental sustainability. Evergreen Climate Innovations’ portfolio companies have raised $26 of additional investment for every $1 of Evergreen Climate Innovations investment.
More than half (55%) of Evergreen Climate Innovations’ portfolio companies have female or minority founders. The vast majority (68%) of Evergreen Climate Innovations’ portfolio companies are generating revenues, with 29% recognizing greater than $1 million in annual sales; Evergreen Climate Innovations has profitably exited four investments and reinvests the proceeds into new startups.
Evergreen Climate Innovations News
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DRK Foundation Advocating for Latino CommunityIn honor of Hispanic Heritage Month, DRK Managing Director Michelle De La Isla was recently featured on NBC and Telemundo to share how our portfolio…Sep 2022
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Clean Energy Trust Elects GE and ARPA-E Alumnae to Board of DirectorsClean Energy Trust provides catalytic capital and support to early-stage startups in the Mid-Continent region of the United States working on solutions for clean energy,…Feb 2020
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Clean Energy Trust Welcomes 4 New Portfolio Companies at 2019 Co_Invest CleantechClick here to read the full article.May 2019
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Q&A: Clean Energy Trust’s New Leader ‘Extremely Optimistic’ About Midwest EnergyRecently, Clean Energy Trust announced that executive vice president Erik Birkerts would take over as CEO, picking up the reins from founding CEO Amy Francetic.…Dec 2015
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Clean Energy Trust Awarded 8 Start Ups $1 Million in the Clean Energy ChallengePut on by Chicago’s Clean Energy Trust, the Clean Energy Challenge aims to seed clean energy startups and has been a launching pad for more than 60…Apr 2015
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Climate tech entrepreneurs - Apply today for investment from our 501vc® Investment Fund, which invests $200k - $3… https://t.co/0NWMReOqIG
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Apply today for the @Nicor_Gas Multicultural Innovator Award! Evergreen Climate Innovations works with Nicor Gas t… https://t.co/YfDzXLiZCx
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Congrats to Amy and the whole @BuoyantVentures team on a great milestone! https://t.co/uCFNKRfU1C
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RT @AmyFrancetic: It's really humbling getting so much love from the the Chicago business news community. #ChicagoProud ❤️ Thanks @bizjourn…
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Join us for the EnergyTechUP Great Lakes Explore Event on Thursday, Feb 23rd from 2 – 5 PM CT!⚡️ After exploring b… https://t.co/W6SWI0sahI
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In late October, we announced our investment in @HelloKadeya, a startup that has reimagined the supply chain for co… https://t.co/WH80VCtgVm
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Apply for the @usbank Foundation Cleantech Inclusion Award! A grant will be awarded to entrepreneurs who are femal… https://t.co/hzn5ILIJFb
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RT @cleantechopen: CTO is now accepting applications to our '23 cohort, with early bird pricing of just $30 until Feb 28! Don't miss out on…
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Discover our novel nonprofit venture capital approach, the 501vc® Investment Fund. Our fund is structured as a rev… https://t.co/dudYiaVYWO
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We address the capital gap that exists for early-stage climate tech companies. Our unique model allows us to be m… https://t.co/RmCwJ8jzAP
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Apply today for the @Nicor_Gas Multicultural Innovator Award! Evergreen Climate Innovations works with Nicor Gas t… https://t.co/bV1rcIb3Xt
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Seeking cleantech & climate tech entrepreneurs! 🌱☀️🔋⚡ Apply to the Spark Cleantech Accelerator at the UT Research… https://t.co/I48tXGWHjc
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Apply for the @usbank Foundation Cleantech Inclusion Award! A grant will be awarded to entrepreneurs who are femal… https://t.co/zIORnW6dBj
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Apply today for the @Nicor_Gas Multicultural Innovator Award! Evergreen Climate Innovations works with Nicor Gas t… https://t.co/uqtCTOZkJF
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Students—don’t miss the career-building experience of @OTTatDOE #EnergyTechUP! Register your team by Jan. 26, start… https://t.co/2HUVjOO5BX
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Curious about which technologies will help us fight climate change? 🤔 Evergreen's CEO @erikgbirkerts discusses pro… https://t.co/4KSZwccE9H
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Step right up & join us for Climate Tech Investors Predict, our first event of the year, tomorrow (1/26) at 2 PM CT… https://t.co/5iHefAgDM3
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Apply for the @usbank Foundation Cleantech Inclusion Award! A grant will be awarded to entrepreneurs who are femal… https://t.co/3wiaE9G2Ql
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Evergreen Managing Director @IAdams1 shares the latest on all things climate and cleantech in this month's Cleantec… https://t.co/viPk5Z4ggM
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RT @mediumpauly: This week last year, I hosted the inaugural edition of Climate Tech Investors Predict, a once-a-year "game show" that we a…