SVB collapse leaves “a big hole” in climate startup financing: Climate startups who initially turned to Silicon Valley Bank (SVB) for its willingness to work with fledgling companies pursuing ambitious ideas will turn to more rigid financing institutions, Bloomberg reports, citing analysts and sources from the energy industry. SVB — known as a climate bank — lent sizable funds to small renewable energy companies with projects under 100 MW. SVB’s implosion is also likely to be used as a reason to increase the cost of financing, according to an analyst at Guggenheim. The impact, however, may be short-lived given that the bank has secure underlying assets and is not at risk of default despite being short of funds, one source told the business information service. You can read more about the potential impacts for the region in EnterpriseAM.