DCVC

Founded in 2011, DCVC is a venture capital firm based in Palo Alto, California. The firm invests in early-stage companies utilizing deep tech to solve complex problems across sectors such as artificial intelligence, exascale computing, climate, engineering, materials science, robotics, space, water, biology, defense, and security.

Jack Buendorf

Associate

Andy May

Operating Partner

Patrick McCauley

Operating Partner

Matt O'Connell

Operating Partner

Matt Ocko

Co-Managing Partner and Co-Founder

Past deals in Electricity

Mainspring

Series F in 2025
Mainspring Energy, Inc. is a technology company based in Menlo Park, California, that specializes in developing linear generator technology for low carbon, dispatchable energy solutions. Founded in 2010 by three Stanford engineers, the company focuses on creating advanced prototypes that convert fuel into electricity through a unique, low-temperature reaction of air and fuel. This innovative approach allows Mainspring to offer generators that provide affordable, reliable electricity while significantly reducing carbon emissions compared to traditional electric grids. The company's mission is to address climate change and enhance energy accessibility, contributing to the development of net-zero carbon energy systems for the future.

Zap Energy

Series D in 2024
Zap Energy, Inc. is a Seattle-based company that specializes in the design and manufacture of sheared-flow stabilized Z-Pinch fusion reactors for power generation. Founded in 2017, the company focuses on developing compact and scalable fusion technology that offers low-carbon, cost-effective, and flexible energy solutions. Unlike conventional fusion methods, Zap Energy's approach utilizes electric current to create magnetic fields that confine and compress plasma, enhancing the stability and efficiency of the fusion process. This innovative technology aims to provide sustainable energy while requiring less capital investment compared to traditional fusion systems.

ElectronX

Seed Round in 2024
ElectronX develops an energy exchange platform designed to stabilize short-term electricity pricing. It offers centrally cleared power derivatives, enabling utilities, traders, and independent power producers to effectively manage intraday price risks.

Fourth Power

Series A in 2023
Fourth Power specializes in utility-scale thermal battery storage solutions. It converts renewable energy into a reliable on-demand power source, addressing grid needs while facilitating the transition to decarbonized infrastructure.

Verdigris Technologies

Venture Round in 2023
Verdigris Technologies develops software solutions for real-time electricity monitoring in commercial facilities. Its key product, Verdigris Energy Tracker, identifies operational inefficiencies, automates building management, predicts and reduces peak demand, and detects equipment failures. The system uses wireless hardware to send device-level consumption data to the cloud, enabling smarter facility operations, energy efficiency, and property management.

Reach

Series B in 2022
Reach designs and delivers long-range wireless power networks that provide scalable and resilient energy infrastructure. Its system transfers power wirelessly, analogous to how Wi-Fi delivers data, through patented technologies such as high-efficiency power beaming circuits, network optimization algorithms, and adaptive electromagnetic surfaces. The platform is designed to be safe, scalable, and easy to use for a range of industries, including manufacturing, government, energy, logistics, and retail. By using radio frequency transmission, its solutions rely on proprietary antenna structures, converter designs, and system architectures to power devices without cables, enabling operations that are not constrained by traditional wiring.

Zap Energy

Series C in 2022
Zap Energy, Inc. is a Seattle-based company that specializes in the design and manufacture of sheared-flow stabilized Z-Pinch fusion reactors for power generation. Founded in 2017, the company focuses on developing compact and scalable fusion technology that offers low-carbon, cost-effective, and flexible energy solutions. Unlike conventional fusion methods, Zap Energy's approach utilizes electric current to create magnetic fields that confine and compress plasma, enhancing the stability and efficiency of the fusion process. This innovative technology aims to provide sustainable energy while requiring less capital investment compared to traditional fusion systems.

Reach

Series A in 2018
Reach designs and delivers long-range wireless power networks that provide scalable and resilient energy infrastructure. Its system transfers power wirelessly, analogous to how Wi-Fi delivers data, through patented technologies such as high-efficiency power beaming circuits, network optimization algorithms, and adaptive electromagnetic surfaces. The platform is designed to be safe, scalable, and easy to use for a range of industries, including manufacturing, government, energy, logistics, and retail. By using radio frequency transmission, its solutions rely on proprietary antenna structures, converter designs, and system architectures to power devices without cables, enabling operations that are not constrained by traditional wiring.

Verdigris Technologies

Series A in 2016
Verdigris Technologies develops software solutions for real-time electricity monitoring in commercial facilities. Its key product, Verdigris Energy Tracker, identifies operational inefficiencies, automates building management, predicts and reduces peak demand, and detects equipment failures. The system uses wireless hardware to send device-level consumption data to the cloud, enabling smarter facility operations, energy efficiency, and property management.

Virtual Power Systems

Series A in 2014
Virtual Power Systems, Inc., based in Milpitas, California, specializes in providing software-defined data centers. The company offers VPS ICE, a software suite that optimizes existing infrastructure to deliver power efficiently within data centers by making it a flexible resource. Additionally, Virtual Power Systems provides commercial off-the-shelf hardware that enables users to share power between racks, control power at IT nodes, and utilize various power sources. Their solutions include optimizing data center operations, managing power capacity, bursting power usage, peak shaving, and dynamic power management. The company was incorporated in 2012 and has developed a patent-pending technology for power system virtualization to create more flexible, mobile, scalable, and cost-effective data center architectures.
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