Fractional CFO for ClimateTech companies
Climate tech sits at the intersection of corporate finance, project finance and government incentive policy. The IRA in the US and the Green Deal in Europe have pulled tax credits, production credits, grant programmes and concessional debt into the operator capital stack alongside venture equity, and most scaled operators now run blended OpCo-plus-SPV structures that don't fit a standard finance function.
Our work handles the capex-versus-opex split deliberately, accounts for IRA tax credits, 45X and 45V production credits, grants and concessional financing correctly, and applies percentage-of-completion and completed-contract revenue recognition where they apply. FP&A is built around deployed capacity, $/ton or $/MWh unit economics, project IRRs and credit-eligibility windows. Multi-entity reporting consolidates OpCo and SPV layers without confusing them.
Flow provides financial modelling, FP&A and fractional CFO advisory to climate tech companies across renewable energy and storage, grid and electrification infrastructure, carbon capture and removals, low-carbon industrials and materials, and sustainable fuels and hydrogen. Startup CFO support runs OpCo and SPV reporting alongside tax credit and grant accounting.
KPIs to track for "ClimateTech" startups
We're very 'KPI-driven' fractional CFOs, and we make sure to monitor the right metrics for your startup.
Capacity deployed (MW / tCO2)
Project pipeline (MW / contracts)
$/ton CO2 abated
Levelised cost ($/MWh)
Offtake / PPAs signed
Tax credits & grants secured
Project IRR
Capex deployed vs plan
Operating gross margin
Cash runway (months)
Financial modelling for "ClimateTech" startups
As fractional CFOs, we build KPI-driven financial models that are insightful and easy to maintain.
Financial modelling is both art and science - models must be robust, but also understandable, and useful for both internal planning and VC fundraising purposes. Hire a fractional CFO who knows how to handle both sides of the equation.
OpCo and SPV consolidation
Operating company, project SPVs and tax-equity partnerships modelled as a consolidated group with intercompany flows, minority interests and HLBV accounting where applicable. Stops project-level economics from getting lost in a single corporate P&L.
Capex and project IRR
Project capex, construction draw schedules, levelised cost and project IRR modelled per facility against PPA or offtake price. Tells the board whether the next deployment passes the cost-of-capital hurdle before it is funded.
IRA, 45X and 45V credits
Investment, production and clean-hydrogen tax credits modelled by facility with eligibility windows, prevailing-wage compliance and transferability monetisation. Captures non-dilutive value that materially changes equity dilution in the next round.
Grant and concessional financing
DOE, EU Innovation Fund, EIB and state-level grants and low-cost debt tracked as a portfolio with milestone-based drawdowns and reporting obligations. Lays out the non-equity capital stack the project will actually be financed on.
Deployed capacity and offtake
MW, tCO2 abated or tonnes of fuel deployed projected against signed PPAs, offtake agreements and carbon-credit sales. Translates a pipeline number into a defendable revenue and cash schedule by project.
Revenue recognition by contract type
Percentage-of-completion, completed-contract and tolling structures applied per contract under ASC 606, with milestone-based cash modelled separately from recognised revenue. Aligns reported revenue with delivered output without inflating early periods.
Founders and investors we've worked with
We've supported winning builders across ClimateTech and beyond.
Hector
We acted as fractional CFO to Hector Aurumi, a Dubai-based specialist software house with AI/ML, IoT and data science expertise, providing confidential valuation guidance to the management team.
See more
Percepto
As a fractional CFO we performed a confidential valuation of Percepto, a Tel Aviv-based autonomous drone monitoring platform for critical infrastructure and industrial sites, supporting Elevator Fund's portfolio management.
See more
TBô
We acted as fractional CFO to TBô, a Zurich-based tech-enabled DTC male underwear brand, building a bottom-up financial / operating model with cohort-level KPIs and positioning the company for its next venture round.
See more
Onlogist
We acted as fractional CFO to Onlogist, a Hamburg-based online marketplace for last-mile vehicle transfer, providing confidential valuation guidance and operating model support.
See more
Marcura
We acted as fractional CFO to Dubai-based Marcura, owner of maritime payroll and B2B payments platform MarTrust, advising on the strategic e-Wallet vendor selection and supporting product/finance integration.
See moreRecent fractional CFO track record
See our fractional CFO and financial modelling experience across ClimateTech and beyond.
Simple pricing
No hidden costs, no complicated long-term contracts. We understand how important flexibility is for ClimateTech startups.
Per month
- Accounting / FP&A tech stack implementation
- Monthly financial statements and reporting pack
- Quarterly board pack with detailed financial analysis (with variance analysis vs. budget, relevant KPI observations etc.)
- Investor-friendly output
Per month
- Everything in Core, plus
- Operating model (via an online platform like Runway or Excel-based)
- Ongoing model maintenance, refining projections, burn/runway management
- Customer cohorts modelling, churn and retention analysis
- LTV / CAC, unit economics analysis
- Cap table management
Per month
- Everything in Grow, plus
- M&A / fundraising support; review of business plan
- Pitch deck preparation
- Investor approach strategy / list building
- Due diligence support and deal negotiation
- Valuation as required and free access to Multiples Pro
Packages shown are illustrative, final pricing is tailored to client requirements.
Explore our fractional CFO offering for similar verticals
We're a specialized fractional CFO to industrial technology companies.
Our fractional CFO experience spans across all industrial technology verticals.
Explore other sectors
We know tech inside & out.
We provide fractional CFO services to companies operating across the entire tech.
More services
We help you scale by providing fractional CFO advice, through fundraising and a successful M&A exit.
VC fundraising for ClimateTech companies
We help you prepare materials, reach out to investors in our extensive network, negotiate fair term sheets and structure the VC round.
Learn moreM&A for ClimateTech companies
We advise winning tech companies on M&A exits, and over the years successfully executed numerous transactions with both financial and strategic buyers.
Learn moreTalk to us
Schedule a call to get a health check on your business and see how we could help.
Fractional CFO
- Fractional CFO for Software
- Fractional CFO for AI & ML
- Fractional CFO for Fintech
- Fractional CFO for Consumer internet
- Fractional CFO for Digital media
- Fractional CFO for E-commerce & marketplaces
- Fractional CFO for Consumer products
- Fractional CFO for Mobility
- Fractional CFO for Digital health
- Fractional CFO for Industrial technology
- Fractional CFO for Digital infrastructure
- Fractional CFO for IT services
Stages
Countries
- UK Fractional CFO
- Ireland Fractional CFO
- France Fractional CFO
- Germany Fractional CFO
- Spain Fractional CFO
- Portugal Fractional CFO
- Italy Fractional CFO
- Netherlands Fractional CFO
- Belgium Fractional CFO
- Switzerland Fractional CFO
- Austria Fractional CFO
- Denmark Fractional CFO
- Sweden Fractional CFO
- Norway Fractional CFO
- Finland Fractional CFO
- Poland Fractional CFO
- Estonia Fractional CFO
- US Fractional CFO
- Canada Fractional CFO
- Mexico Fractional CFO
- Brazil Fractional CFO
- UAE Fractional CFO
- Australia Fractional CFO
Cities
- London Fractional CFO
- Dublin Fractional CFO
- Paris Fractional CFO
- Berlin Fractional CFO
- Madrid Fractional CFO
- Lisbon Fractional CFO
- Milan Fractional CFO
- Amsterdam Fractional CFO
- Brussels Fractional CFO
- Zurich Fractional CFO
- Vienna Fractional CFO
- Copenhagen Fractional CFO
- Stockholm Fractional CFO
- Oslo Fractional CFO
- Helsinki Fractional CFO
- Warsaw Fractional CFO
- Tallinn Fractional CFO
- New York Fractional CFO
- Toronto Fractional CFO
- Mexico City Fractional CFO
- São Paulo Fractional CFO
- Dubai Fractional CFO
- Sydney Fractional CFO