Venture capitalists find climate is right for new energy business

Hello and welcome to our daily digest of business, financial and economic news from around Scotland.

1. Two entrepreneurs are launching a new venture capital business focused on climate technology.

Steve Gray and Stuart McLeod want to use the venture studio model which is common in the United States.

The idea is to bring together experienced executives and promising companies to help accelerate growth.

The pair are running Ventex in Aberdeen but intend to make investments around the world. They also plan to look beyond the start-up market and target mature businesses which have potential in the energy transition.

The first two deals are in High Performance Robotics, an Aberdeen firm which inspects energy assets, and Rahd AI, an Australian artificial intelligence firm focused on