Breakthrough Energy

Breakthrough Energy is an impact investment firm founded in 2016 and based in Kirkland, Washington. It is composed of members from the Breakthrough Energy Coalition and focuses on investing in innovative technologies aimed at providing reliable and affordable energy without contributing to climate change. The firm targets companies in the environmental services and cleantech sectors, making minority investments at various stages of development, including seed, early, and later stages. Breakthrough Energy emphasizes the importance of a public-private partnership involving governments, research institutions, and investors to accelerate the development of zero-emission energy solutions. By leveraging scientific and technological expertise, Breakthrough Energy aims to address pressing energy needs, particularly in underserved regions, while fostering the creation of transformative energy technologies that can mitigate climate change impacts.

Bunmi Adekore

Investor

Tara Bansal

Investor

Gaetan Bonhomme Ph.D

Partner, Breakthrough Energy Ventures

Jim Cabot

Managing Director

Bhargavi Chevva

Investor

Quinn Cornelius

Investor

David Danielson Ph.D

Managing Director, Breakthrough Energy Ventures

Christian Garcia

Managing Director

Thomas Griffin

Investor

Mark Hartney

Principal

Timothy Heidel

Principal

Christina Karapataki

Partner

Sila Kiliccote

Partner

Allegra Kowalewski-Ferreira

Investor

Phil Larochell

Principal

Phil Larochelle

Partner, Breakthrough Energy Ventures

Cheua Lovan

Investor

Jack Ma

Founder

Brian Mayers

Investor

Jeff Momplaisir

Senior Associate

Juilia Reinaud

Senior Director

Cooper Rinzler

Investor

Chris Rivest

Investor

David Rubenstein

Investor

Eric Toone

Managing Director

Peter Turner

Investor

Libby Wayman

Investor

Stefan Zlatev

Investor

Julia Reinaud Ph.D

Senior Director, Europe

Past deals in Nuclear Energy

Xcel Energy

Grant in 2023
Xcel Energy is engaged in the generation, purchase, transmission, distribution, and sale of electricity. It operates through 5 segments: electricity, natural gas, renewable energy, transmission, and innovation. The company is engaged in generating electricity using coal, nuclear, natural gas, hydro, solar, biomass, oil and refuse, and wind energy sources; developing and leasing natural gas pipelines, and storage and compression facilities; and investing in rental housing projects. Xcel Energy was founded in 1909 and is based in Minneapolis, Minnesota.

ReMo Energy

Seed Round in 2022
ReMo Energy is a pioneer in the use of renewable energy in place of fossil fuels to produce industrial goods.

Zap Energy

Series C in 2022
Zap Energy, Inc. is a Seattle-based company incorporated in 2017 that specializes in the design and manufacture of sheared-flow stabilized Z-Pinch fusion reactors for power plants. The company's innovative approach stabilizes plasma using sheared flows instead of traditional magnetic fields, which allows for the creation of a magnetic field through electric current. This method effectively confines and compresses the plasma, resulting in higher pressure and density. Zap Energy aims to provide a low-carbon, cost-effective, and flexible energy solution through its compact and scalable fusion reactor technology, positioning itself as a leader in the pursuit of commercially viable fusion energy.

Our Next Energy

Series A in 2022
Our Next Energy is a Michigan-based developer of innovative energy storage solutions with a vision to rapidly expand the world's access to sustainable power.

Our Next Energy

Series A in 2021
Our Next Energy is a Michigan-based developer of innovative energy storage solutions with a vision to rapidly expand the world's access to sustainable power.

Natel Energy

Series B in 2021
Natel Energy, Inc. specializes in the design, construction, and sale of restoration hydro turbines (RHTs) that generate renewable electricity from low head water sources such as streams, irrigation canals, and existing low dams. These turbines can be retrofitted to enhance the performance of old units or installed in new developments, offering a cost-effective solution for hydropower compliance and output improvement. In addition to its turbine technology, Natel Energy provides digital services that utilize machine learning and remote sensing to optimize operational efficiency and minimize risks for hydropower owners and operators. The company also offers HydroForecast, which employs satellite imagery and advanced hydrologic modeling to deliver accurate forecasts. Founded in 2005 and headquartered in Alameda, California, Natel Energy aims to contribute to a sustainable and reliable renewable energy grid through its innovative hydropower solutions.

Electric Hydrogen

Series A in 2021
Developer of an advanced PEM technology designed to build low-cost, high-efficiency, fossil-free hydrogen systems. The company's low-cost renewable electricity produces clean hydrogen gas for the decarbonization of pollution from industries and eases the dependency on fossil fuels, providing clients with cost-effectively decarbonized gas and reducing massive industrial waste.

Fervo Energy

Series B in 2021
Fervo Energy is a next-generation geothermal developer generating clean power in new places. Fervo Energy commercializes proprietary technology to own, develop, and operate geothermal assets as the dispatchable foundation to a 100% clean energy future.

Form Energy

Series C in 2020
Form Energy, Inc. specializes in developing long-duration energy storage systems aimed at facilitating the transition from fossil fuels to renewable energy sources. The company focuses on creating low-cost battery solutions capable of storing electricity generated from wind and solar power for extended periods, thereby enhancing the reliability of the electric grid. Its core technology, which includes an innovative iron-air battery, allows for energy dispatch over multiple days, significantly improving the viability of renewable energy as a consistent power source. Founded in 2017 and headquartered in Somerville, Massachusetts, Form Energy also offers Formware, a software tool designed for capacity expansion with advanced optimization capabilities. The company's mission revolves around enabling deep decarbonization of the electric system, ultimately contributing to a more sustainable energy future. Form Energy has garnered support from various investors, including Breakthrough Energy Ventures and MIT’s The Engine.

Quidnet Energy

Series B in 2020
Quidnet Energy Inc. is a Houston-based company that specializes in developing grid-scale energy storage systems. Founded in 2013, the company utilizes a unique hydroelectric energy storage technology that involves pumping water under pressure into subsurface geological reservoirs. This stored water can then be released to drive turbines and generate electricity when renewable energy sources are unavailable. By leveraging established well-drilling and construction techniques, Quidnet Energy aims to enhance the reliability of the carbon-free electric grid. In addition to its headquarters in Houston, the company has offices in San Francisco and Saratoga Springs, New York.

Natel Energy

Venture Round in 2020
Natel Energy, Inc. specializes in the design, construction, and sale of restoration hydro turbines (RHTs) that generate renewable electricity from low head water sources such as streams, irrigation canals, and existing low dams. These turbines can be retrofitted to enhance the performance of old units or installed in new developments, offering a cost-effective solution for hydropower compliance and output improvement. In addition to its turbine technology, Natel Energy provides digital services that utilize machine learning and remote sensing to optimize operational efficiency and minimize risks for hydropower owners and operators. The company also offers HydroForecast, which employs satellite imagery and advanced hydrologic modeling to deliver accurate forecasts. Founded in 2005 and headquartered in Alameda, California, Natel Energy aims to contribute to a sustainable and reliable renewable energy grid through its innovative hydropower solutions.

Form Energy

Series B in 2019
Form Energy, Inc. specializes in developing long-duration energy storage systems aimed at facilitating the transition from fossil fuels to renewable energy sources. The company focuses on creating low-cost battery solutions capable of storing electricity generated from wind and solar power for extended periods, thereby enhancing the reliability of the electric grid. Its core technology, which includes an innovative iron-air battery, allows for energy dispatch over multiple days, significantly improving the viability of renewable energy as a consistent power source. Founded in 2017 and headquartered in Somerville, Massachusetts, Form Energy also offers Formware, a software tool designed for capacity expansion with advanced optimization capabilities. The company's mission revolves around enabling deep decarbonization of the electric system, ultimately contributing to a more sustainable energy future. Form Energy has garnered support from various investors, including Breakthrough Energy Ventures and MIT’s The Engine.

Commonwealth Fusion

Series A in 2019
Commonwealth Fusion Systems LLC is a research company focused on developing fusion energy as a sustainable solution to combat climate change. Established in 2017 and based in Cambridge, Massachusetts, the company utilizes advanced rare-earth barium copper oxide superconductor technology to create energy through fusion. Commonwealth Fusion Systems combines decades of government-funded fusion research with innovative superconducting magnet technology to expedite the commercialization of fusion energy. The company emerged from the Massachusetts Institute of Technology and collaborates closely with MIT’s Plasma Science and Fusion Center, leveraging extensive research to enhance its development efforts. By designing and building fusion machines, Commonwealth Fusion aims to provide limitless and clean energy, contributing to the global transition toward sustainable energy sources.

Arnergy

Series A in 2019
Arnergy Solar Limited, founded in 2013 and based in Lagos, Nigeria, specializes in the manufacture, installation, and maintenance of modular solar energy systems designed for micro-grid applications. The company offers products such as the Arnergy 3000 and Arnergy 5000, which provide scalable and reliable energy solutions to address the challenges of grid unreliability and energy intermittency. Arnergy aims to enhance economic outcomes by delivering clean and affordable energy systems tailored for both businesses and residential customers in emerging markets, thereby promoting sustainable energy solutions.
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