ABB

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.

Craig McDonnell

Business Line Managing Director

Mads Moeller

Head of Ventures Electrification, Group VP

Mike Mustapha

President

C P Vyas

Vice President

Past deals in Energy Storage

DG Matrix

Seed Round in 2025
DG Matrix is a company that specializes in innovative energy storage and solar solutions aimed at promoting the electrification of various sectors, including electric vehicles. Their offerings include single-unit L3 DC fast charging technology, designed for efficient and optimized charging solutions. DG Matrix focuses on integrating its technologies with microgrids and energy infrastructure to provide effective services for electric vehicle charging, fleet charging, and power electronics. By prioritizing reduced material usage and a smaller ecological footprint, the company aims to achieve significant emissions reductions on a large scale, making electrification more accessible and affordable for clients.

Lumin

Acquisition in 2025
Lumin is the pioneer and market leader for responsive load control, adding exceptional value to residential microgrids by balancing the needs of energy storage and multiple power sources.

Edgecom Energy

Seed Round in 2025
Edgecom Energy operates an all-in-one energy management platform that empowers businesses to understand, optimize, and control their energy consumption. The company's solutions include tools for measuring energy usage, tracking waste, monitoring real-time consumption, setting alarms, and managing demand response programs. By leveraging these features, clients can effectively reduce energy costs and emissions, thereby saving money and lowering environmental impact.

GridBeyond

Series C in 2024
GridBeyond Limited is a provider of smart grid optimization solutions, specializing in artificial intelligence technology aimed at fostering a global zero-carbon future. Founded in 2007 and headquartered in Watford, United Kingdom, with additional offices in Dublin, Cork, and Houston, the company offers a comprehensive platform that includes on-site hardware, cloud-based software, and a hybrid battery and demand network. This platform connects, controls, and automates energy demand through machine learning, enabling customers across various sectors such as industrial, manufacturing, logistics, and transport to access utility-scale renewable energy generation and battery storage. By bridging the gap between distributed energy resources and electricity markets, GridBeyond empowers its clients to maximize opportunities and enhance grid efficiency while supporting their transition towards sustainable energy practices.

Morrow Batteries

Venture Round in 2023
Morrow Batteries is a manufacturer focused on producing cost-effective and sustainable battery cells to facilitate the green energy transition. The company specializes in developing industrialized graphene-enhanced lithium-sulfur batteries, which significantly enhance performance while minimizing environmental impact. By prioritizing sustainability and efficiency, Morrow Batteries aims to provide clients with innovative solutions that contribute to a more sustainable energy future.

Tallarna

Venture Round in 2022
Tallarna is a climate technology company focused on enhancing energy efficiency within the built environment. It specializes in large-scale decarbonization, providing services such as building energy modeling, machine learning applications, and energy retrofits. The company's platform facilitates access to efficient funding solutions while ensuring no capital expenditure is required from clients. By enabling off-balance sheet treatment and enhancing net asset value, Tallarna helps clients achieve significant savings on energy bills and generate revenue through energy production. Through its innovative approach, Tallarna aims to support a more sustainable future for both the environment and society.

Morrow Batteries

Venture Round in 2022
Morrow Batteries is a manufacturer focused on producing cost-effective and sustainable battery cells to facilitate the green energy transition. The company specializes in developing industrialized graphene-enhanced lithium-sulfur batteries, which significantly enhance performance while minimizing environmental impact. By prioritizing sustainability and efficiency, Morrow Batteries aims to provide clients with innovative solutions that contribute to a more sustainable energy future.

InCharge Energy

Acquisition in 2022
InCharge Energy, Inc. is an energy solutions company based in Irvine, California, focused on accelerating the electrification of the transportation industry. Founded in 2018, it specializes in providing consulting services and turnkey commercial electric vehicle (EV) infrastructure solutions tailored for private and public commercial fleets, electric vehicle original equipment manufacturers, ride-share operators, municipalities, and owners of commercial and residential facilities. The company offers comprehensive and scalable e-fleet solutions that include financing options to help clients minimize project costs and maximize available credits and incentives. InCharge Energy aims to streamline the deployment of electric vehicle charging systems, enabling clients to save both time and money while transitioning to electric mobility.

Enervalis

Series A in 2020
Enervalis is a software development company that specializes in sustainable energy solutions for electric vehicles, buildings, and microgrids. Its innovative energy management platform monitors various energy sources and user behavior, utilizing advanced technologies such as artificial intelligence and big data to predict future energy demand and supply. The platform optimizes energy efficiency by providing insights into energy flows and maintenance needs, allowing for the integration of locally-produced renewable energy from sources like solar, wind, and geothermal. Furthermore, Enervalis enables users, including electricity producers and storage providers, to manage their energy consumption effectively through a centralized dashboard, which helps reduce excess energy usage and lower energy costs. By promoting the efficient distribution of energy, Enervalis contributes to a more sustainable energy ecosystem.

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 the development of sodium-ion batteries, utilizing unique Prussian Blue electrode materials to offer solutions for various industrial applications. These batteries are designed for stationary uses, including uninterruptible power supply systems, lift trucks, renewable energy smoothing, and integration into smart grids and microgrids. Natron's innovative batteries are characterized by their safety, sustainability, power density, and extended cycle life, providing a cost-effective energy storage option produced from widely available materials. The company also operates a software-defined power platform to enhance its energy storage solutions. Natron Energy was formerly known as Alveo Energy, Inc. before changing its name in March 2017.

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.

InCharge Energy

Series A in 2020
InCharge Energy, Inc. is an energy solutions company based in Irvine, California, focused on accelerating the electrification of the transportation industry. Founded in 2018, it specializes in providing consulting services and turnkey commercial electric vehicle (EV) infrastructure solutions tailored for private and public commercial fleets, electric vehicle original equipment manufacturers, ride-share operators, municipalities, and owners of commercial and residential facilities. The company offers comprehensive and scalable e-fleet solutions that include financing options to help clients minimize project costs and maximize available credits and incentives. InCharge Energy aims to streamline the deployment of electric vehicle charging systems, enabling clients to save both time and money while transitioning to electric mobility.

Generac Grid Services

Series B in 2017
Generac Grid Services specializes in advanced energy grid software that supports the energy industry by optimizing energy distribution and managing electric vehicle (EV) loads. The company utilizes a real-time energy-balancing platform designed to enhance the operational stability of power grids by effectively harnessing distributed energy resources, including flexible loads, energy storage, and renewable energy sources. Generac Grid Services provides essential tools for energy retailers and utilities, enabling them to dynamically optimize and dispatch resources to meet the real-time demands of the power system. By leveraging this technology, the company addresses the complexities associated with increasingly variable energy assets and evolving market opportunities, thereby enhancing overall grid reliability and efficiency.

Enervalis

Venture Round in 2017
Enervalis is a software development company that specializes in sustainable energy solutions for electric vehicles, buildings, and microgrids. Its innovative energy management platform monitors various energy sources and user behavior, utilizing advanced technologies such as artificial intelligence and big data to predict future energy demand and supply. The platform optimizes energy efficiency by providing insights into energy flows and maintenance needs, allowing for the integration of locally-produced renewable energy from sources like solar, wind, and geothermal. Furthermore, Enervalis enables users, including electricity producers and storage providers, to manage their energy consumption effectively through a centralized dashboard, which helps reduce excess energy usage and lower energy costs. By promoting the efficient distribution of energy, Enervalis contributes to a more sustainable energy ecosystem.

Generac Grid Services

Series B in 2017
Generac Grid Services specializes in advanced energy grid software that supports the energy industry by optimizing energy distribution and managing electric vehicle (EV) loads. The company utilizes a real-time energy-balancing platform designed to enhance the operational stability of power grids by effectively harnessing distributed energy resources, including flexible loads, energy storage, and renewable energy sources. Generac Grid Services provides essential tools for energy retailers and utilities, enabling them to dynamically optimize and dispatch resources to meet the real-time demands of the power system. By leveraging this technology, the company addresses the complexities associated with increasingly variable energy assets and evolving market opportunities, thereby enhancing overall grid reliability and efficiency.

Orbital Marine Power

Venture Round in 2013
Orbital Marine Power Limited is a pioneering company specializing in the development and commercialization of floating tidal stream and run-of-river hydrokinetic turbines. Established in 2002 and based in Kirkwall, United Kingdom, the company aims to reduce the costs associated with electricity generation from tidal energy through low-cost installation, maintenance, and decommissioning practices. Orbital Marine Power offers various turbine models, including the SR250, a 250 kW prototype, the Orbital O2, a 2 MW commercial turbine, and the SR2000, designed for fast tidal current regions. The company's innovative floating tidal energy converters are moored in powerful tidal streams or river currents, utilizing rotors to harness the dense energy flow, thereby providing communities and businesses with affordable, clean energy. Formerly known as Scotrenewables Tidal Power Ltd., the company rebranded in October 2018 to better reflect its mission and advancements in tidal energy technology.

GreenVolts

Venture Round in 2011
According to Forbes.com article on 9/12/12 - "...a major investor abruptly withdrew financial support for the company. 'A sudden, and unexpected, change in direction from a major strategic investor has affected GreenVolts’ access to funding,' the company said Wednesday in a statement, referring to ABB, the Swiss power and automation giant. 'The impact was at the last minute and so severe that GreenVolts cannot continue normal operation and has reduced its workforce to a small team to provide customer support and engage other options, including working with potential buyers of the system, technology and IP.' " _____ GreenVolts has taken an integrated systems approach to development of complete Concentrating Photovoltaic (CPV) solutions that combines: •State-of-the-art proprietary highly concentrating optics •¢High precision, low profile, two-axis solar tracking •Intelligent power and control systems •On-board, real time, high resolution performance monitoring This unique integrated systems approach will achieve industry leading energy productivity and low overall Levelized Cost of Energy (LCOE). The high energy density of GreenVolts’ CPV system enables low cost power production that can be deployed close to load, further increasing the real value of the energy generated.

Powercorp

Acquisition in 2011
Powercorp specializes in automation and intelligent control solutions aimed at optimizing renewable energy generation in isolated grids. The company focuses on integrating renewable energy sources, such as wind and solar, into diesel-powered grids to enhance power quality and stability while reducing emissions and dependence on fossil fuels. Its technologies manage the balance between energy generation and consumption, enabling utility-grade power quality. Additionally, Powercorp provides systems that dynamically store and release energy to address frequency and voltage fluctuations, ensuring the stability of small or remote grids. Through its innovative applications, Powercorp contributes to more sustainable energy management in isolated environments.

Epyon

Acquisition in 2011
Epyon provides advanced ultra-fast charging solutions for electric vehicles which are used in critical business processes such as material handling, delivery of goods and transportation of people. Their fast charging solutions based on advanced lithium-ion battery technology enable electric vehicles to run 24 hours per day with an occasional recharge in 15 minutes during mandatory lunch- or coffee brakes.

Validus DC Systems

Acquisition in 2011
Validus DC Systems is a prominent provider of integrated Direct Current (DC) power infrastructure specifically designed for data centers and telecommunications facilities. The company specializes in its innovative "Hybrid Power" technology, which merges the advantages of Alternating Current (AC) system design with the energy efficiency of DC systems. This approach enhances scalability, reliability, and modularity while offering up to 40% improvement in energy efficiency. Validus' solutions enable customers to boost processing power and server densities in both new and existing facilities, resulting in a lower total cost of ownership through reduced complexity, increased uptime, and diminished power and cooling expenses. In addition to its products, Validus DC Systems provides a range of services, including planning, technical assistance, start-up, commissioning, emergency response, preventative maintenance, and equipment monitoring. The company is headquartered in Brookfield, Connecticut.

Ecotality

Venture Round in 2011
ECOtality, Inc. is a company specializing in electric vehicle (EV) charging and energy storage technologies, headquartered in San Francisco, California. Established in 1999, it designs, manufactures, and commercializes a range of products including the Blink line of EV charging stations, which caters to both residential and commercial applications, as well as fast-charging systems for industrial use. The company also develops specialty solar products, advanced battery systems, and hydrogen fuel cell technologies. In addition to its product offerings, ECOtality provides engineering consulting services focused on the planning and implementation of EV infrastructure, addressing regulatory and public awareness issues. It operates an online marketplace for fuel cell products and offers maintenance and repair services for its systems. ECOtality serves a diverse clientele that includes commercial, industrial, governmental, and utility customers, reinforcing its commitment to advancing clean electric transportation and energy solutions.

Hybrid Energy Storage Solutions

Hybrid Energy Storage Solutions S.L., based in La Rinconada, Spain, specializes in hybrid energy storage solutions and offers innovative distributed smart grid and microgrid solutions. Established in 2018, the company focuses on developing cost-effective energy storage systems through the integration of various storage technologies, advanced power electronics, and proprietary energy management algorithms. Its flagship SHAD® technology provides a flexible platform that combines multiple storage types, including batteries and ultracapacitors, tailored for diverse applications across the electrical grid. Additionally, Hybrid Energy Storage Solutions develops sophisticated control systems, such as the Intelligent Node Management System and Energy Management System, which optimize the performance and monetization of these energy storage systems. The company also provides consultancy services, leveraging its expertise to help clients determine optimal sizing and operational strategies for energy storage solutions, thus enhancing efficiency and minimizing environmental impact.
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