California IBank Invests $25M in Wildfire Innovation Fund

September 3, 2024 – California’s Infrastructure and Economic Development Bank (IBank) announced $25 million from the Climate Catalyst Revolving Loan Fund will be invested in the California Wildfire Innovation Fund to reduce wildfire risk. Funds will be used to restore California forests, improve forest health, and put new biomass technologies to work. 

The California Wildfire Innovation Fund is managed by Blue Forest, a conservation finance non-profit that supports entrepreneurs and companies working toward forest restoration and economic revitalization. 

The fund offers flexible, low-cost financial support for emerging opportunities across California’s forest restoration and wood utilization sectors.