Climate Transformed Ventures (CTV) is a methane infrastructure and origination platform company that leverages government funding and private capital to cap orphaned oil wells across the United States and Canada.

An orphaned oil well has no solvent owner of record, leaving the responsibility of capping in the hands of state and federal governments.

The EPA estimates that there are up to 3.7 million orphaned wells in North America, with the estimated cost to cap them ranging from $200bn- $300bn.

There is only $4.7bn allocated by the US Federal Government under the Infrastructure Investment and Jobs Act (IIJA).

This is the first phase of a multi-decade solution that will require the extensive deployment of private capital


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T-Omega Wind
Floating Offshore Wind: The Next Renewable Energy Frontier

The mission of T-Omega Wind is to create and deploy a solution that will harness the power of offshore wind in a more affordable and accessible way. The company is radically designing floating offshore wind turbines and has conducted successful tank testing validation of their solution at Strathclyde University in Glasgow, Scotland, where they tested a 1:60 scale prototype. This report explores the challenges and opportunities in the offshore wind industry and details the redesigned ultra-floating wind turbines, including the cost and T-Omega’s plans to scale.

Download the report to read it in full [the green button to your right].


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As wind and solar technologies mature, what innovation is left for VC to foster? Will returns evolve from the VC world to project finance/green debt? Are VC returns achievable?
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Brita Osmundsvaag Formato
T-Omega Wind

Brita Osmundsvaag Formato has over 25 years of experience in the energy industry and has held executive roles at Duke Energy in corporate development, strategy, and risk management for the company’s domestic and international businesses. She has worked for ExxonMobil’s downstream business and served as a strategy consultant for Mercer Management Consulting as well. Brita is also the co-founder of the Charlotte Women’s Leadership Forum. At present, Brita is the CEO of T-Omega Wind, Inc. where she leads the company’s strategy, operations, and development of floating offshore wind technology. She also serves on the board of Hurtigbaat AS, a high-speed passenger ferry company in Norway. Brita earned an MBA from the Columbia Business School at Columbia University in New York, N.Y., and holds a Bachelor of Arts degree in economics from Eckerd College in St. Petersburg, FL. She and her husband, Brian, have a daughter and live in Charlotte, North Carolina.



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