ABB, headquartered in Zurich, Switzerland, is a global leader in power and automation technologies. With operations in over 100 countries, ABB offers a wide range of products, systems, solutions, and services for various industries, including electric, gas, and water utilities, as well as industrial and commercial customers. Its portfolio spans smart grids, robotics, renewable energy, marine vessels, and motors. ABB's business-led venture capital arm, ABB Ventures, invests in breakthrough technology companies aligned with ABB's strategic goals, focusing on sectors such as robotics, industrial IoT, AI/machine learning, energy transition, and electric mobility. Since its inception in 2009, ABB Ventures has deployed around $500 million into startups, with investments typically ranging from $1 to $20 million. Additionally, ABB Product Group Solar operates as a solar inverter business, and ABB Power Systems AB manufactures high-voltage direct current transmission equipment.
Eneryield specializes in developing a machine learning tool aimed at addressing power quality disruptions in electric power systems. This innovative tool offers intelligent energy analytics and control over electricity flow, effectively compressing large datasets into actionable insights. By classifying and pinpointing the root causes of power quality events, Eneryield equips clients with the information necessary to take corrective actions, thereby mitigating disturbances. The company's solutions help reduce energy losses, minimize wear and tear on components, and decrease production downtimes, ultimately enhancing operational efficiency for its users.
GridBeyond
Series C in 2024
GridBeyond Limited specializes in smart grid optimization solutions that utilize artificial intelligence to support a transition to a zero-carbon future. The company's platform integrates on-site hardware, cloud-based software, and a hybrid battery and demand network, enabling the automation and control of energy demand through machine learning technology. GridBeyond serves a diverse range of sectors, including industrial, manufacturing, and logistics, by connecting distributed energy resources with electricity markets. This approach allows customers to access utility-scale renewable generation and battery storage, thus maximizing efficiency and enhancing grid performance. Founded in 2007 and headquartered in Watford, United Kingdom, GridBeyond also has offices in Dublin, Cork, and Houston.
Zaphiro
Series A in 2022
Zaphiro is a company that specializes in developing real-time monitoring and automation systems aimed at improving the efficiency and profitability of electrical grid operations. Founded in April 2017 as a spin-off of the Swiss Federal Institute of Technology in Lausanne, it was established by researchers Paolo Romano, Marco Pignati, and Lorenzo Zanni. The company’s technology provides a comprehensive view of energy flows within the grid and enhances fault detection capabilities. By utilizing distributed sensing and a central grid controller, Zaphiro enables clients to safely incorporate renewable energy sources and electric vehicles into their systems. Its solutions facilitate quick responses to electrical faults, thereby reducing the impact of power outages.
Enervalis
Series A in 2020
Enervalis specializes in developing software that offers sustainable energy solutions tailored for electric vehicles, buildings, and microgrids. The company's energy management platform efficiently monitors diverse energy sources and user behaviors, leveraging weather forecasts, user inputs, and advanced analytics to anticipate future energy demand and supply. By optimizing energy consumption towards locally produced green energy, such as solar, wind, and other renewable sources, Enervalis enables users to manage their energy assets from a centralized dashboard. This comprehensive approach allows electricity producers, storage providers, and consumers to effectively monitor and control their energy usage, ultimately reducing energy costs and promoting energy efficiency.
Natron Energy
Series D in 2020
Natron Energy, Inc. is an energy storage company based in Santa Clara, California, founded in 2012. The company specializes in developing sodium-ion battery technologies, utilizing Prussian Blue electrode materials to create safe and sustainable energy storage solutions. Natron's batteries are designed for various industrial applications, including uninterruptible power supply systems, lift trucks, renewable energy smoothing, and smart grids. These batteries offer advantages such as high power density, efficient recharging, and extended cycle life, and can be produced economically using commodity materials on existing manufacturing lines. Natron Energy operates a software-defined power platform to enhance the integration of its battery solutions across critical backup power systems and other applications.
Atom Power
Series B in 2020
Atom Power, Inc. is a manufacturer based in Charlotte, North Carolina, specializing in advanced electrical management solutions for the commercial power industry. Founded in 2014, the company develops a suite of intelligent products including Atom Switch, a circuit breaker, Atom Panel, a distribution panel, and Atom OS, a software platform that allows for the precise control and customization of electrical flow within buildings. These products are designed to enhance safety by managing electrical currents and improving the overall performance of electrical systems in commercial and industrial settings. Additionally, Atom Power is involved in the development of integrated electric vehicle charging solutions, which centralize charging and control to optimize performance and safety, contributing to reduced operational costs for clients.
FreeWire
Series B in 2020
FreeWire Technologies, Inc. is a manufacturer of mobile electric vehicle (EV) chargers, focused on providing innovative charging solutions that enhance the accessibility of EV charging infrastructure. Established in 2014 and based in San Leandro, California, the company produces several models, including the Mobi Charger v0, v1, and v2, which cater to varying charging needs and capabilities. FreeWire’s flagship product, the Boost Charger, integrates battery technology with power conversion systems, allowing for high-power charging without the need for extensive grid upgrades. This technology enables ultrafast charging at locations that typically lack sufficient electrical infrastructure. FreeWire has successfully deployed its battery-integrated chargers across the United States, serving Fortune 100 companies, commercial clients, fleets, and retail spaces, and has partnered with major organizations to expand its reach. Additionally, the company's systems provide clean and quiet power solutions, effectively replacing or supplementing diesel generators for various remote power applications, thereby supporting the transition away from fossil fuels.
Atom Power
Series A in 2017
Atom Power, Inc. is a manufacturer based in Charlotte, North Carolina, specializing in advanced electrical management solutions for the commercial power industry. Founded in 2014, the company develops a suite of intelligent products including Atom Switch, a circuit breaker, Atom Panel, a distribution panel, and Atom OS, a software platform that allows for the precise control and customization of electrical flow within buildings. These products are designed to enhance safety by managing electrical currents and improving the overall performance of electrical systems in commercial and industrial settings. Additionally, Atom Power is involved in the development of integrated electric vehicle charging solutions, which centralize charging and control to optimize performance and safety, contributing to reduced operational costs for clients.
GE Industrial Solutions
Acquisition in 2017
GE Industrial Solutions, rooted in a legacy that dates back 130 years to Thomas Edison, specializes in the design and manufacture of electrical circuits and systems for diverse sectors including commercial, healthcare, mining, and telecommunications. The company provides a comprehensive range of products such as automatic transfer switches, power systems, surge protective devices, switch gears, overhead relays, terminal blocks, motor controls, circuit breakers, and transformers. In addition to its product offerings, GE Industrial Solutions delivers various services, including defective parts repair, emergency repairs, and project management that encompasses scheduling, purchasing, tracking, engineering, and construction management. With a presence in over 60 countries, the company is dedicated to helping clients address their electrical distribution and power challenges through innovative solutions.
Generac Grid Services
Series B in 2017
Generac Grid Services focuses on providing advanced software solutions for the energy industry, aimed at optimizing energy distribution and enhancing grid stability. The company's technology enables the management of distributed energy resources, including flexible loads, energy storage, and renewable energy sources. By utilizing a real-time energy-balancing platform, Generac Grid Services creates controllable and dispatchable energy resources that can respond to the immediate needs of the power system. Their services include energy distribution optimization, electric vehicle load management, and frequency regulation, allowing energy retailers and utilities to navigate the complexities of modern energy markets and improve their operational efficiency.
Enervalis
Venture Round in 2017
Enervalis specializes in developing software that offers sustainable energy solutions tailored for electric vehicles, buildings, and microgrids. The company's energy management platform efficiently monitors diverse energy sources and user behaviors, leveraging weather forecasts, user inputs, and advanced analytics to anticipate future energy demand and supply. By optimizing energy consumption towards locally produced green energy, such as solar, wind, and other renewable sources, Enervalis enables users to manage their energy assets from a centralized dashboard. This comprehensive approach allows electricity producers, storage providers, and consumers to effectively monitor and control their energy usage, ultimately reducing energy costs and promoting energy efficiency.
Generac Grid Services
Series B in 2017
Generac Grid Services focuses on providing advanced software solutions for the energy industry, aimed at optimizing energy distribution and enhancing grid stability. The company's technology enables the management of distributed energy resources, including flexible loads, energy storage, and renewable energy sources. By utilizing a real-time energy-balancing platform, Generac Grid Services creates controllable and dispatchable energy resources that can respond to the immediate needs of the power system. Their services include energy distribution optimization, electric vehicle load management, and frequency regulation, allowing energy retailers and utilities to navigate the complexities of modern energy markets and improve their operational efficiency.
Atom Power
Series A in 2017
Atom Power, Inc. is a manufacturer based in Charlotte, North Carolina, specializing in advanced electrical management solutions for the commercial power industry. Founded in 2014, the company develops a suite of intelligent products including Atom Switch, a circuit breaker, Atom Panel, a distribution panel, and Atom OS, a software platform that allows for the precise control and customization of electrical flow within buildings. These products are designed to enhance safety by managing electrical currents and improving the overall performance of electrical systems in commercial and industrial settings. Additionally, Atom Power is involved in the development of integrated electric vehicle charging solutions, which centralize charging and control to optimize performance and safety, contributing to reduced operational costs for clients.
Industrial Defender
Series B in 2012
Industrial Defender Inc. specializes in cybersecurity, compliance, and change management solutions tailored for operational technology in industries such as electric utilities, chemical processing, transportation, water, and oil and gas. The company provides a range of products, including the Automation Systems Manager, which offers asset management, security event management, configuration management, and compliance reporting. Additional offerings include a Network Intrusion Detection System, Access Manager for critical cyber asset protection, and Compliance Manager to help clients meet auditing requirements. The firm also provides deployment, system monitoring, and managed services to enhance security and operational resilience. Founded in 1996 and based in Foxborough, Massachusetts, Industrial Defender focuses on equipping organizations with the visibility and situational awareness needed to manage cybersecurity risks effectively. The company has established a strategic partnership with Schneider Electric to further enhance its capabilities in safeguarding industrial control systems.
RGM - Rail vehicle power business
Acquisition in 2012
RGM - Rail vehicle power business
Validus DC Systems
Acquisition in 2011
Validus DC Systems is a prominent provider of integrated Direct Current (DC) power infrastructure tailored for datacenters and telecommunications facilities. The company specializes in "Hybrid Power" technology, which merges the advantages of Alternating Current (AC) system design with the energy efficiency of DC systems, achieving up to 40% improvement in energy efficiency. Validus offers a range of services, including planning, technical support, start-up, commissioning, emergency response, preventative maintenance, and equipment monitoring. Its solutions, which include power converter units and battery charging systems, enable clients to enhance processing power and server densities in both new and existing facilities. By utilizing Validus' offerings, customers benefit from a lower total cost of ownership due to reduced complexity, improved uptime, and decreased power and cooling expenses. The company is headquartered in Brookfield, Connecticut.
Baldor Electric
Acquisition in 2011
Baldor Electric, a division of ABB, specializes in the manufacturing of mechanical power-transmission equipment. The company offers a range of products including industrial electric motors, mechanical power transmission products, drives, and generators. By focusing on power and automation solutions, Baldor Electric serves various sectors such as utilities, industries, and transportation, helping customers enhance their operational efficiency while reducing environmental impact. With a strong commitment to innovation and quality, Baldor Electric plays a significant role in the global market for electric power solutions.
Trilliant
Venture Round in 2010
Trilliant is a prominent provider of intelligent network solutions that facilitate the transition to a Smart Grid. Established in 1985, the company specializes in advanced metering infrastructure (AMI), demand response, and grid management solutions, combining hardware, software, and services to create a comprehensive smart grid ecosystem. Trilliant's offerings include installation, program management, and meter revenue cycle services, tailored to meet the diverse needs of utility companies. The company provides a wide range of flexible options, from meter and network infrastructures to full or hybrid outsourcing models. Its smart grid communications platform supports various applications, such as power outage reporting, time-of-use billing, and power quality monitoring, enabling utility operators to optimize asset management and grid performance. Trilliant serves over 100 utility customers, including major names like Duke Energy and Hydro Quebec, and operates as a privately owned entity.
Trilliant
Series B in 2010
Trilliant is a prominent provider of intelligent network solutions that facilitate the transition to a Smart Grid. Established in 1985, the company specializes in advanced metering infrastructure (AMI), demand response, and grid management solutions, combining hardware, software, and services to create a comprehensive smart grid ecosystem. Trilliant's offerings include installation, program management, and meter revenue cycle services, tailored to meet the diverse needs of utility companies. The company provides a wide range of flexible options, from meter and network infrastructures to full or hybrid outsourcing models. Its smart grid communications platform supports various applications, such as power outage reporting, time-of-use billing, and power quality monitoring, enabling utility operators to optimize asset management and grid performance. Trilliant serves over 100 utility customers, including major names like Duke Energy and Hydro Quebec, and operates as a privately owned entity.
Hybrid Energy Storage Solutions
Hybrid Energy Storage Solutions S.L., based in La Rinconada, Spain, specializes in providing hybrid energy storage systems (HESS) that integrate multiple energy storage technologies, such as batteries, ultracapacitors, and fuel cells. Established in 2018, the company leverages advanced power electronics and patented energy management algorithms to create a flexible hardware and software platform, enhancing the economic viability of its solutions. HESS is designed to optimize customer-specific applications across various levels of the electrical grid, offering a wide array of grid services. The company also develops Intelligent Node Management Systems (iNMS) and Energy Management Systems (EMS) that facilitate real-time management and optimization of energy storage systems. Additionally, Hybrid Energy Storage Solutions offers consultancy services to assist clients in determining optimal sizing and operational strategies tailored to specific scenarios, thereby generating effective business models. This innovative approach minimizes environmental impact while maximizing efficiency and performance in energy storage and smart grid applications.
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