Hope Dealers,
First, in SF for Climate Week?!?
Don’t miss out on our happy hour at the one and only Vesuvio on April 20th from 5-8pm. There’ll be badass founders and investors imbibing at what is in our opinion the best bar in the country.
👉🏽RSVP HERE👈🏽 while you can!
Entities RSVPd so far: Azolla, PRIME Coalition, MIH Capital, Wild Assets, Coreshell, Goodwin, HSBC, it’s electric, Sylvatex, Skyview Ventures, Boomitra, Redex, Rondo Energy, Aepnus Technolgy, SPUN, and Node Climate!
Shout out to Jason Salfi and Andrew Sparks for donating well above the donation minimum!
Congratulations to GridIQ, Boomitra, and Florrent—the newest additions to the lightning round company intros!!
Now, welcome to the first edition of our new bi-weekly newsletter: The IV!
While a majority of media sources firehose us with f*d news, we’re here to provide you doses of hope to show we’re not quite f*d.
The IV will continue to evolve, and recommendations are always appreciated :)
Now go ahead and get some of that hope.
💉IRENA: The World Just Added 692 GW of Non-Fossil Energy — The Largest Annual Surge Ever.
While people freak out over fossil fuel supply, non-fossil energy just had its biggest year ever, and the war should only increase demand.
The world added 692 gigawatts of non-fossil energy in 2025 — the largest annual surge ever recorded — pushing total global clean capacity to 5,000+ GW, according to a report released Tuesday. Solar led the way with 511 GW added, wind followed with 159 GW, and non-fossils accounted for 85.6% of all new electricity capacity built globally last year. IRENA’s Director-General said it best: “Countries that invested in the energy transition are weathering this crisis with less economic damage, as they boost energy security, resilience and competitiveness.”
💉UK Record Wind + Solar: Britain Saved £1 Billion in Gas Imports in a Single Month
Everyone's energy bill is spiking because of the war. Britain just proved there's a way out.
In March 2026, the UK generated record levels of wind and solar electrons — avoiding importing the equivalent of 21 terawatt hours of gas, equivalent to roughly 18 fully loaded LNG tankers. That would have cost around £1 billion at current Iran-war prices. Wind output was up 38% year-on-year for the month. Combined, wind and solar hit 11 terawatt hours in March — a new record. Gas generation fell 25% compared to March 2022, when fossil prices last spiked. “For the first time, we’re bringing deep geothermal power to British homes — a clean, constant energy source right beneath our feet,” Octopus Energy CEO Greg Jackson said this month. The less fossils feeding the grid, the less the war can touch your bill.
💉India Is Now the World's Third-Largest Solar Producer — Rooftop solar is now powering over 3 Million Homes
The world's most energy-stressed major economy just became its third-largest solar producer.
India officially reached 143.6 GW of installed solar capacity as of February 2026 — making it the world's third-largest solar producer — after installing a record 37.8 GW in 2025 alone. Non-fossil production now exceeds 51% of India's total electricity capacity, a milestone originally targeted for 2030, achieved five years early. The government's rooftop solar program has now reached 3 million households. India's budget allocation for non-fossil energy rose 30% this year. One billion people are outrunning the fossil fuel model.
💉46 Countries — Including Major Oil Producers — Just Confirmed They're Attending a Fossil Fuel Phaseout Summit
While oil prices soar, 46 countries — including oil producers — are meeting this month to plan the end of fossil fuels.
The first-ever international conference on transitioning away from fossil fuels will take place April 28-29 in Santa Marta, Colombia — a major coal export port in the world's fifth-largest coal-producing nation. 46 countries have confirmed attendance, including Brazil, Norway, Mexico, Angola, and Trinidad and Tobago — nations whose economies depend on fossil fuel exports. The conference is hosted by Colombia and the Netherlands and will develop concrete legal, economic, and social pathways for a just transition. The venue sends an intentional signal: fossil-fuel-dependent countries increasingly want a way out, and they're building the roadmap themselves.
💉CFS SPARC Fusion Reactor: 70% Complete and Now Selling Magnets Commercially
The fusion reactor being assembled outside Boston just started generating revenue — from its own magnets.
Commonwealth Fusion Systems announced Thursday it has sold high-temperature superconducting magnets to Realta Fusion — the second commercial deal of its kind and a sign the company is generating near-term revenue while SPARC, its demonstration reactor, nears completion. SPARC is now 70% complete, with all 18 magnets expected to be installed by summer 2026 and first plasma targeted for 2027. The magnets can generate a 20-tesla magnetic field — roughly 13 times stronger than an MRI machine. The running joke that fusion is always 30 years away is no longer holding.
💉Vietnam Scraps Its Largest LNG Plant in Favor of Renewables as Gulf Prices Spike
Vietnam just cancelled its biggest LNG plant. It’s building renewables instead.
Plans for Vietnam’s largest LNG power plant may be scrapped in favor of a new renewable energy project as soaring gas prices tied to the Iran war have worsened the economics of LNG across Southeast Asia. Vietnam has historically been one of Asia’s fastest-growing LNG markets. The reversal signals that the Gulf disruption is actively accelerating the non-fossil transition in places that were previously seen as locked into fossil fuel expansion — not just in wealthy nations.
💉Arizona's Conservative Supreme Court Blocked Three Anti-Voting Lawsuits in One Day
Voting rights are under threat everywhere in the US. Arizona’s own conservative court just said: not here.
Arizona’s conservative-leaning Supreme Court declined to hear a string of appeals from Republican-backed groups that sought to restrict mail-in ballot verification, allow hand-counting of ballots, and weaken early voting rules. By turning the cases away, the court let lower court rulings stand — preserving systems that make voting more accessible and election results more secure. Taken together, the rejections mark a significant legal victory for voting rights in a state that has been at the center of repeated efforts to reshape election rules since 2020.
💉Federal Appeals Court Blocked Push to Gut $4 Billion in Homelessness Funding
The US administration tried to pull $4 billion from homelessness programs. A federal court just said no.
A federal appeals court rejected the US administration's push to impose new conditions on homelessness funding Wednesday, calling implementation of the changes "immediately destabilizing and disastrous." The ruling upheld a lower court's preliminary injunction blocking the Department of Housing and Urban Development's plan to shift nearly $4 billion away from permanent housing toward programs requiring sobriety and mental health conditions. The appeals court noted that the existing Housing First approach — the target of HUD's overhaul — "has proven effective," citing two decades of bipartisan policy evidence. Without this ruling, the change would have risked pushing 170,000 people, including many disabled adults and veterans, back into homelessness.
💉Vermont Signed One of the Country's Strongest AI Safety Bills into Law
While Washington stalls on AI rules, states are building guardrails themselves.
Vermont’s governor just signed AI safety legislation into law, including provisions protecting neurological rights and restricting AI in health and human services — one of the nation’s most comprehensive state AI frameworks to date. Vermont wasn’t alone: Georgia sent three AI safety bills to Governor Brian Kemp this week, including chatbot disclosure requirements and a prohibition on AI-only insurance coverage decisions. Alabama, Iowa, and Utah all advanced AI safety legislation this session. Thirty-two states are now actively legislating AI conduct — a distributed system of democratic guardrails building without waiting for Congress.
💉A Homelessness Prevention Program Cut Unhousing Rates 78% with a $6,500 Average Investment — Now Going National
Homelessness can be prevented — and it costs less than letting it happen.
A homelessness prevention program in Santa Clara County found that a targeted payment averaging $6,500 — for rent, security deposits, and emergency housing expenses — reduced the likelihood of becoming homeless by 78%, compared to similar households that received no help. A CalMatters investigation found the program, run by Destination: Home, has inspired 10 pilot programs launching across the country in the first large-scale, multi-state test of a prevention-first approach.