Alexandria Venture Investments Commits Over $100M to Climate Change Technology Related Investments in 2021 – Yahoo Finance
Alexandria Venture Investments, the #1 most active corporate investor in biopharma and the #5 most active U.S. investor in agrifoodtech, accelerates its mission-critical investment activity in highly disruptive leading-edge companies driving solutions to combat climate change and advance human health
PASADENA, Calif., Jan. 28, 2022 /PRNewswire/ — Alexandria Venture Investments, the strategic venture capital platform of Alexandria Real Estate Equities, Inc. (NYSE: ARE), an urban office REIT and the first, longest-tenured and pioneering owner, operator and developer uniquely focused on collaborative life science, agtech and technology campuses in AAA innovation cluster locations, today announced that its commitments to innovative investments focused on developing groundbreaking technologies to mitigate the effects of climate change exceeded $100 million for 2021. Alexandria Venture Investments has been actively investing in innovative climate technology companies for over a decade as part of its strategic investments in disruptive companies that are developing transformative technologies and platforms to meaningfully advance human health. In an acceleration of its mission-critical investment efforts in the climate technology sector, Alexandria is increasingly focusing on investing across audaciously impactful areas where it has a competitive advantage and deep sector expertise, including agrifoodtech, the decarbonization of construction and the built environment, and sustainable manufacturing solutions, such as nature-based substitutes and synthetic biology production techniques.
"With our first investment in the climate innovation sector in 2009, Alexandria has long recognized the immense potential of this important sector to transform the way we manage our climate-driven environment, secure a sustainable food supply chain, mitigate exposure to environmental hazards, advance human health and improve quality of life," said Joel S. Marcus, executive chairman and founder of Alexandria Real Estate Equities, Inc. and founder and head of Alexandria Venture Investments. "Society stands at a pivotal moment, as the effects of climate change continue to cause more frequent extreme-weather events and increase the risk of coastal flooding, putting lives and properties at risk as well as increasing the viability and spread of vector-borne diseases. Several countries are substantially and disproportionately contaminating our planet with unnecessary carbon emissions. According to a recent McKinsey report, annual clean energy investment would need to triple to more than $6 trillion in order to reach net-zero emissions by 2050. Driven by this mission-critical and time-sensitive imperative, climate innovation has become a significant component of our Alexandria Venture Investments strategy."
This mission-critical and growing unmet need also represents an unprecedented investment opportunity today, as the International Energy Agency (IEA) estimates that by 2050, half of the reductions in carbon emissions will be attributed to technologies that are currently in their demonstration or prototype phase. Alexandria remains steadfast in its commitment to tackle climate change by investing in technologies and providing essential infrastructure for climate innovation companies, reducing carbon emissions associated with the construction and operations of its assets and mitigating climate-related risk in its real estate asset base that currently exceeds 60 million square feet in North America.
About Alexandria Real Estate Equities, Inc.
Alexandria Real Estate Equities, Inc. (NYSE: ARE), an S&P 500® urban office REIT, is the first, longest-tenured and pioneering owner, operator and developer uniquely focused on collaborative life science, agtech and technology campuses in AAA innovation cluster locations, with a total market capitalization of $38.6 billion as of September 30, 2021, and an asset base in North America of 63.9 million SF. The asset base in North America includes 38.7 million RSF of operating properties and 4.3 million RSF of Class A properties undergoing construction, 8.9 million RSF of near-term and intermediate-term development and redevelopment projects and 12.0 million SF of future development projects. Founded in 1994, Alexandria pioneered this niche and has since established a significant market presence in key locations, including Greater Boston, the San Francisco Bay Area, New York City, San Diego, Seattle, Maryland and Research Triangle. Alexandria has a longstanding and proven track record of developing Class A properties clustered in urban life science, agtech and technology campuses that provide our innovative tenants with highly dynamic and collaborative environments that enhance their ability to successfully recruit and retain world-class talent and inspire productivity, efficiency, creativity and success. Alexandria also provides strategic capital to transformative life science, agtech and technology companies through our venture capital platform. We believe our unique business model and diligent underwriting ensure a high-quality and diverse tenant base that results in higher occupancy levels, longer lease terms, higher rental income, higher returns and greater long-term asset value. For additional information on Alexandria, please visit www.are.com.
Forward-Looking Statements
This press release includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such forward-looking statements include, without limitation, statements regarding the likelihood of continued investment activity by the Alexandria Venture Investments platform and the potential impacts of such investments on Alexandria's business and the companies in which it invests and the broader life science, agrifoodtech, climate change and technology industries; and the success of Alexandria's mission to advance human health and its climate change goals of reducing carbon emissions and mitigating climate-related risk. These forward-looking statements are based on the Company's present intent, beliefs or expectations, but forward-looking statements are not guaranteed to occur and may not occur. Actual results may differ materially from those contained in or implied by the Company's forward-looking statements as a result of a variety of factors, including, without limitation, the risks and uncertainties detailed in its filings with the Securities and Exchange Commission. All forward-looking statements are made as of the date of this press release, and the Company assumes no obligation to update this information. For more discussion relating to risks and uncertainties that could cause actual results to differ materially from those anticipated in the Company's forward-looking statements, and risks and uncertainties to the Company's business in general, please refer to the Company's filings with the Securities and Exchange Commission, including its most recent annual report on Form 10-K and any subsequently filed quarterly reports on Form 10-Q.
CONTACT: Sara Cohen, Executive Director – Strategic Operations, (626) 788-5584, scohen@are.com
View original content:https://www.prnewswire.com/news-releases/alexandria-venture-investments-commits-over-100m-to-climate-change-technology-related-investments-in-2021-301469925.html
SOURCE Alexandria Real Estate Equities, Inc.
Pacifica makes affordable, cruelty-free, vegan beauty products.
The stock market has done an abrupt about-face. While stock market corrections can be tough to stomach, they often present great opportunities to buy high-quality stocks at lower prices. Here's why they believe Nucor (NYSE: NUE), NextEra Energy (NYSE: NEE), and Nio (NYSE: NIO) look like great buys during the current sell-off.
Recent comments from Federal Reserve Chairman Jerome Powell confirmed the U.S. central bank intends to raise interest rates in the near future, and investors are coming to terms with the likelihood that multiple hikes are imminent. With interest rates set to rise and a multitude of other risk factors on the horizon, being selective has taken on added importance. A panel of Motley Fool contributors has identified three companies that look poised for success despite the shifting macroeconomic climate.
Here are three great dividend stocks to buy that are trouncing the market. Shares of ExxonMobil (NYSE: XOM) have soared more than 20% so far in 2022. The main factor behind this impressive gain is the overall booming environment for the oil and gas industry after a big downturn in 2020.
Microsoft has restored the market’s faith in the cloud, while IBM reminded investors there was still value in a legacy business.
Despite reporting record earnings after market close on Wednesday, Tesla (NASDAQ: TSLA) and other electric car companies like Lucid Group (NASDAQ: LCID) and Rivian Automotive (NASDAQ: RIVN) saw their stock prices tumble on Thursday and Friday. Here's how Tesla's results and management's commentary affect Lucid and Rivian. Daniel Foelber (Lucid): If you're new to investing, it can seem confusing when an industry-leading company like Tesla reports incredibly impressive results, but its stock price gets crushed anyway.
The stock markets have been rattled in recent weeks. 2021 was a stellar year for legacy automaker Ford (NYSE: F), as it stepped up its electric vehicle (EV) game and outlined plans to pump more than $30 billion into EVs through 2025. Its plans sounded so alluring that they triggered a buying frenzy in Ford stock, and by the end of 2021, Ford shares had more than doubled.
One of the hottest funds of the stimulus era confronts a market that doesn’t appear to be moving in its direction.
I am bullish on Occidental Petroleum (OXY), as Wall Street analysts are generally bullish on it and the average price target indicates strong upside potential over the next year. Additionally, the business should benefit from macro trends and the valuation multiples look very cheap relative to historical averages. Occidental Petroleum is a company that was founded in 1920 and is headquartered in Texas, United States. In the U.S., Chile, and Canada, the company operates as a petrochemical manufac
These income stocks, with respective yields of 11%, 11.4%, and 14.2%, can put inflation in its place.
Given its price elasticity, tobacco companies have historically been resilient to market downturns and recessions. Thus, it is not surprising that, while the broad market is down, Altria Group, Inc. (NYSE: MO) is over 6% up, looking as bullish as ever.
Here's another cold, hard truth that many proponents of penny stocks don't tell you: Many low-priced shares stay low for a very long time.
Is it time to bail? Here's what some financial pros are saying to help soothe the frayed nerves of their clients amid a stretch of topsy-turvy trade.
Companies like Amazon and Tesla both brought a new approach to a vast, stagnant industry; both faced skeptics and ended up creating tremendous wealth for the investors who believed when few others did. It may be time to consider adding real estate company Opendoor Technologies (NASDAQ: OPEN) to this list of world-changing innovators. The company is pioneering the idea of iBuying, where companies use cash offers to buy and sell your house.
On Wednesday, the Federal Reserve confirmed intentions to begin raising interest rates in March. Fed Chair Jerome Powell hinted to expect the unexpected, stating that the Fed would take a flexible approach to raise rates and respond to inflation as needed. Although it's a reasonable position to take, and could be the best course of action long term, the U.S. stock market tends to hate short-term uncertainty.
The wild ride in markets is likely to power on this week, with investors in store for a slew of big earnings and fresh reads on key unemployment data out of Washington, including the ever-important monthly jobs report.
It took less than 17 months for the broad-based S&P 500 to double in value. Based on the highest price target issued by Wall Street analysts and investment banks, the following four under-the-radar stocks have the potential to skyrocket between 319% and 645% in 2022. The first stock with significant upside potential, at least according to one analyst, is clinical-stage biotech stock Ocugen (NASDAQ: OCGN).
These companies are still in their early growth stages and their numbers are likely to get even bigger in the future.
Penn National Gaming's (NASDAQ: PENN) mobile gaming efforts have been getting the attention of investors because of their potential for faster growth and more significant profit potential. As economies reopen, investors are worried mobile gaming growth could slow for Penn National. Investors and analysts will be keen to see what updates the company provides on its efforts to expand its mobile gaming reach.
Nvidia GPUs power self-driving cars and cloud gaming, with the chip giant also expanding fast into the metaverse. Is Nvidia stock a buy?
