Sydney to Open Australia's Largest Dedicated Climate Tech Hub in July

One of Australia’s most ambitious climate action ecosystems, Greenhouse, has been granted A$29 million from the City of Sydney to support the opening of the Greenhouse Climate Tech Hub across three floors of the new Salesforce Tower in Circular Quay, Sydney.

Applications for membership to the Greenhouse Climate Tech Hub (which will open its doors in July) are now open to anyone aspiring to accelerate the transition to a zero carbon world by building and scaling climate tech solutions, over 50 climate tech companies have already expressed their interest.

The City of Sydney’s A$29 million total contribution comprises A$7 million towards the fit-out of the Hub, and a total A$22 million in negotiated rent abatement over 10 years to 2033.

By 2033, Greenhouse aims to have contributed to 10% of Australia’s total emissions reduction targets, through its work with climate technology companies and corporates. Achieving this would remove at least 22 million megatonnes of greenhouse gas emissions per annum in the process.

The Tech Hub is designed to be an epicentre of climate action in the heart of Sydney capable of supporting up to 500 ‘ecopreneurs’ across three floors of the Salesforce building, offering state-of-the-art facilities such as event and collaboration spaces, private office suites, meeting rooms, dedicated desks, and a recording studio.

It will also deliver programs and foster connection, collaboration, and co-innovation between startups, investors, government agencies, climate action groups, researchers, and climate-aligned corporations.

This includes housing a number of VCs and angel investors investing in climate, such as Taronga Ventures and the Investible Climate Tech Fund.

The Salesforce building is located in what will be one of the most desirable locations for businesses in Australia, featuring the first new public plaza on George Street in more than 50 years and the City of Sydney’s first public cycling facility.

Importantly, the Salesforce building is also one of the greenest buildings in Australia, with a 5.5 star NABERS Energy rating, a Green Building Council of Australia 6-Star Green Design and As-Built rating, and WELL core and shell Platinum pre-certification.

This means companies located in this building can begin their decarbonisation journey from the get-go.

The A$29 million “accommodation grant” is part of the City of Sydney’s Tech Startups Action Plan, which aims to address the needs of tech startups and create the infrastructure and ecosystems needed to foster knowledge and innovation according to City of Sydney Lord Mayor, Clover Moore.

#climatetech #netzero #decarbonisation

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