Shell E4

Shell E4, established in 2017 and based in Bengaluru, India, is an accelerator focused on supporting innovative startups in the clean technology sector. The initiative targets various areas including sustainability, waste management, plastic circularity, and machine learning solutions aimed at achieving net zero emissions. Additionally, Shell E4 invests in technologies related to electronic vehicle charging, battery swapping, cost-effective carbon capture, supply chain decarbonization, and novel carbon dioxide conversion processes. By fostering energy entrepreneurs, Shell E4 plays a crucial role in advancing environmentally friendly technologies and practices, thereby contributing to global sustainability efforts.

Peter van Giessel

Venture Principal

Christine Vincent

Principal

Geert van de Wouw

Managing Director and Vice President

Past deals in Energy Efficiency

Mainspring

Series E in 2022
EtaGen, Inc. provides power generation services. The company was incorporated in 2010 and is based in Menlo Park, California.

Flair

Series A in 2022
flair is a reimagining of how your hvac system should work. It understands where you are and how to make you most comfortable. It also understands where you aren't, saving energy and lowering your bills.

GridPoint

Private Equity Round in 2022
GridPoint, Inc. specializes in energy management solutions that utilize data collection, big data analytics, and cloud computing to enhance energy efficiency and sustainability for various sectors. The company offers a comprehensive suite of products, including hardware for submetering and advanced monitoring, as well as the GridPoint Energy Manager, a cloud-based software platform designed to oversee energy-consuming assets like HVAC and lighting systems. Additionally, GridPoint provides a mobile application enabling users to access real-time data and site information conveniently. Its services encompass customer support, energy advisory, and site monitoring, targeting a diverse clientele that includes retailers, restaurants, commercial enterprises, government agencies, and educational institutions. Founded in 2003 and based in Reston, Virginia, GridPoint operates as a subsidiary of Twenty First Century Utilities and has deployed its solutions at over 12,000 sites, collecting vast amounts of customer data to drive energy savings and operational efficiency.

Antora Energy

Series A in 2022
Developer of thermal batteries designed to support the widespread integration of renewable resources on the electricity grid. The company's batteries use solar panels to efficiently convert heat energy to electric energy and also electrify heavy industry with thermal energy storage for zero-carbon heat and power, enabling users to ensure convenient, sustainable and reliable electricity on a global scale while reducing carbon emissions.

Offgrid Energy Labs

Seed Round in 2022
Innovate chemistry, materials & design using commonly available, eco-friendly materials to built efficient & safe batteries for the sustainable future.

Verdagy

Series A in 2022
Verdagy is innovating water electrolysis technology for the large-scale production of green hydrogen. Verdagy's industry-leading solution achieves both the lowest upfront capital costs and the lowest unit economics for production. Verdagy operates laboratory and pilot plant facilities in Moss Landing, California to further develop and rapidly scale the technology platform.

Heaten

Series A in 2022
Heaten is an industrial start-up, tackling one of the most difficult problems for numerous industries, namely, to accelerate the electrification of heat with the prospect of deep-decarbonization, while providing viable roadmaps, both technically and economically to rapidly de-carbonize industrial heating processes. Heaten is a start-up with an 8 years R&D history in heat-to-power (Organic Ranking Cycle) and power-to-heat machines (heat pump). Our technology platform and knowledge are leading the efforts to deliver process temperatures of currently realized 165 degrees Celsius which covers 30% of the energy demand of all industrial heating processes, equivalent to a €39billion TAM in the EU-28 market only. Heaten's technology platform can achieve up to 400 degrees Celsius (R&D roadmap). Heaten AS has gone through the full cycle of R&D, prototyping, engineering, and design to successfully deliver 200kW heat pumps and industrial equipment to a customer. We are now looking to scaling the existing platform to meet industry needs and staying ahead of the competition by leading R&D and secure IP into medium-temperature process heat.

LO3 Energy

Series B in 2021
LO3 Energy, Inc. owns and operates Pando, a marketplace solution that connects energy suppliers to customers. The company’s services help clients to create, deploy, and monetize energy products and customer services. It serves retail customers in utility and energy sectors. The company was founded in 2012 and is based in Portland, Oregon.

GreenCom Networks

Venture Round in 2020
GreenCom Networks AG operates an online energy information brokerage platform (eibp) that enables new energy business models for utilities, ESCOs, and OEMs. It offers eibp connect that connects and controls distributed energy assets; eibp boost that visualizes and optimizes energy flows; eibp mesh, which connects customers to energy communities; eibp empower that develops energy tarrifs; and eibp cluster that leverages the power of distributed assets. GreenCom Networks AG as founded in 2011 and is based in Munich, Germany.

Veros Systems

Series C in 2020
Veros Systems enables industrial customers to maximize production by providing actionable intelligence on their electrically-driven machines. Their web-based Predictive Intelligence Platform uses completely nonintrusive monitors that can be installed in hours. PIP offers real-time predictive reliability and energy efficiency intelligence on electromechanical systems, and seamlessly integrates with leading Enterprise Asset Management applications. At last, engineers, managers, and executives have a means to see the future: to plan better, reduce costs, and improve a facility’s overall availability.

Orb Energy

Corporate Round in 2019
Orb Energy Private Limited specializes in designing, manufacturing, marketing, selling, installing, and servicing solar photovoltaic and solar water heating systems for residential and commercial customers. Founded in 2006, the company is headquartered in Bengaluru, India, with additional operations in Kenya and Singapore. Its product range includes polycrystalline and monocrystalline solar panels, solar inverters, solar street lights, solar rooftops, solar power plants, solar water pumping systems, and heat pumps. Orb Energy also offers franchising opportunities, enabling customers to sell its products through a network of over 90 branches. The company aims to provide affordable renewable energy solutions, particularly targeting off-grid households in India. With plans to expand its branch network and workforce, Orb Energy seeks to increase its reach and impact in the renewable energy sector.

Salient Energy

Seed Round in 2019
Salient Energy is focused on the commercialization of a novel zinc-ion battery developed from research at the University of Waterloo. This innovative battery technology is designed for electricity storage in the grid, offering a safer and more sustainable alternative to conventional lithium-ion batteries. Salient Energy's proprietary cathode materials uniquely incorporate zinc into their crystal lattice, resulting in a relatively high energy density. This advancement allows for the use of traditional battery designs compatible with existing manufacturing processes, making it feasible to produce these batteries in current facilities worldwide. Consequently, Salient Energy's products provide a cost-effective, long-lasting solution for energy storage, catering to the needs of electric industry stakeholders.

Sense

Series B in 2019
Sense Labs, Inc. is a technology company based in Cambridge, Massachusetts, specializing in home energy monitoring solutions. Established in 2013, the company develops and manufactures electronic devices that analyze electricity usage in households. Its flagship product, Sense, utilizes current sensors installed on main breakers to capture the electronic signatures of various appliances. This system employs advanced algorithms to identify and differentiate individual devices, providing users with insights into their energy consumption. Sense also offers a range of related products, including Sense Solar, add-on sensors, and various replacement components. The data collected by these devices is transmitted to users via a dedicated mobile application, enhancing the home automation experience.

SteamaCo

Series B in 2019
SteamaCo provides an Internet of Things-based metering platform that enhances utility management services for underserved energy consumers, particularly in remote areas with high operational costs and limited connectivity. The company's innovative energy management system collects and analyzes data from the distribution network, allowing utilities to identify issues such as energy theft and meter bypass. Additionally, SteamaCo's platform supports the management of the entire distribution grid through a field force automation application, helping clients minimize losses and deliver clean, reliable, and affordable energy. By operating in previously unreachable locations, SteamaCo aims to improve energy access for millions.

LO3 Energy

Venture Round in 2019
LO3 Energy, Inc. owns and operates Pando, a marketplace solution that connects energy suppliers to customers. The company’s services help clients to create, deploy, and monetize energy products and customer services. It serves retail customers in utility and energy sectors. The company was founded in 2012 and is based in Portland, Oregon.

Innowatts

Series B in 2019
Innowatts, Inc. develops software solutions for efficient energy management. Its product PowerEASE is used for load forecasting, energy risk optimization, and infrastructure planning. Its customers include, retail energy providers, regulated utility companies, regulatory and public policy boards, and residential communities. Innowatts, Inc. was founded in 2013 and is based in Houston, Texas.

Sense

Series B in 2018
Sense Labs, Inc. is a technology company based in Cambridge, Massachusetts, specializing in home energy monitoring solutions. Established in 2013, the company develops and manufactures electronic devices that analyze electricity usage in households. Its flagship product, Sense, utilizes current sensors installed on main breakers to capture the electronic signatures of various appliances. This system employs advanced algorithms to identify and differentiate individual devices, providing users with insights into their energy consumption. Sense also offers a range of related products, including Sense Solar, add-on sensors, and various replacement components. The data collected by these devices is transmitted to users via a dedicated mobile application, enhancing the home automation experience.

Sonnen

Series E in 2018
Sonnen offers solutions which are much more than only storage and includes many additional benefits like active energy management, smart metering and virtual power plant integration. Different system sizes are offered, optimally customized to the requirements of residential homes, agricultural farms and commercial firms. Sonnenbatterie was introduced to the German and Austrian markets in January 2011 as one of the first proven and transportable intelligent lithium storage systems.

Axiom Exergy

Series A in 2018
Axiom Exergy Inc. is an energy storage company focused on developing innovative refrigeration batteries designed for supermarkets, cold-storage facilities, and food processors. Founded in 2014 and headquartered in Richmond, California, the company provides energy management solutions that include thermal energy storage retrofits and software for monitoring and managing energy use in refrigeration systems. Its products feature an optional integrated backup cooling system, which safeguards food from spoilage during power outages. Axiom Exergy also offers services related to energy management, thermal energy systems engineering, and hardware development, aiming to optimize energy consumption and reduce operational costs for commercial buildings with significant thermal loads.

Husk Power Systems

Series C in 2018
Husk Power Systems Pvt. Ltd. is a renewable energy company based in Patna, India, that focuses on generating and distributing electricity to households, community services, small businesses, and factories. Founded in 2007, the company utilizes biomass waste—such as rice husks and other agricultural residues—to produce electricity through its proprietary technology. Husk Power Systems designs and operates mini-power plants and micro-grids, offering electricity as a pay-for-use service primarily to rural areas. This approach not only provides reliable lighting, reducing reliance on kerosene, but also fosters economic development by enabling microenterprises and the use of electricity-operated machinery. By creating a sustainable energy ecosystem at each power plant, Husk Power Systems aims to deliver shared value to its stakeholders and stimulate local economies.

SteamaCo

Series A in 2017
SteamaCo provides an Internet of Things-based metering platform that enhances utility management services for underserved energy consumers, particularly in remote areas with high operational costs and limited connectivity. The company's innovative energy management system collects and analyzes data from the distribution network, allowing utilities to identify issues such as energy theft and meter bypass. Additionally, SteamaCo's platform supports the management of the entire distribution grid through a field force automation application, helping clients minimize losses and deliver clean, reliable, and affordable energy. By operating in previously unreachable locations, SteamaCo aims to improve energy access for millions.

Innowatts

Series A in 2017
Innowatts, Inc. develops software solutions for efficient energy management. Its product PowerEASE is used for load forecasting, energy risk optimization, and infrastructure planning. Its customers include, retail energy providers, regulated utility companies, regulatory and public policy boards, and residential communities. Innowatts, Inc. was founded in 2013 and is based in Houston, Texas.

Sense

Series A in 2017
Sense Labs, Inc. is a technology company based in Cambridge, Massachusetts, specializing in home energy monitoring solutions. Established in 2013, the company develops and manufactures electronic devices that analyze electricity usage in households. Its flagship product, Sense, utilizes current sensors installed on main breakers to capture the electronic signatures of various appliances. This system employs advanced algorithms to identify and differentiate individual devices, providing users with insights into their energy consumption. Sense also offers a range of related products, including Sense Solar, add-on sensors, and various replacement components. The data collected by these devices is transmitted to users via a dedicated mobile application, enhancing the home automation experience.

Kite Power Systems

Venture Round in 2016
Kite Power Systems, founded in 2011 in Burnham-on-Crouch, Essex, UK, focuses on harnessing wind energy through an innovative twin-kite system. This technology aims to provide a reliable and efficient solution for generating clean energy at a lower cost compared to traditional wind turbines, utilizing 85 percent less material. The company's kite arrays can be deployed in both onshore and offshore locations, making them suitable for areas where conventional wind systems are not viable. Kite Power Systems has undergone continuous testing and development since its inception and has received funding from the UK Department of Energy and Climate Change and various private sector investors, reinforcing its commitment to reducing dependency on fossil fuels and mitigating climate change impacts.

Geli

Series A in 2016
Geli, or Growing Energy Labs, Inc., focuses on providing software and business solutions for the design, automation, and management of energy storage systems. The company offers a comprehensive suite of products that facilitates an interconnected ecosystem for project developers, original equipment manufacturers, financiers, and project operators. Geli's hardware-agnostic software platform streamlines the energy storage development process, helping clients to efficiently implement advanced energy projects while minimizing their environmental impact.

Aquion Energy

Series E in 2014
Aquion Energy is fundamentally­­ changing the economics of power generation, transmission and distribution by developing and commercializing cost-effective energy storage solutions that are safe, reliable, and sustainable from nontoxic components as simple as saltwater. Based on the research of Carnegie Mellon University Professor Jay Whitacre, Aquion's proprietary Aqueous Hybrid Ion (AHI™) battery overcomes the pitfalls of conventional energy storage technologies. AHI systems enhance the electrical grid by providing flexible, emissions-free capacity that optimizes existing generation assets and enables broad adoption of renewable energy technologies.

Veros Systems

Series A in 2014
Veros Systems enables industrial customers to maximize production by providing actionable intelligence on their electrically-driven machines. Their web-based Predictive Intelligence Platform uses completely nonintrusive monitors that can be installed in hours. PIP offers real-time predictive reliability and energy efficiency intelligence on electromechanical systems, and seamlessly integrates with leading Enterprise Asset Management applications. At last, engineers, managers, and executives have a means to see the future: to plan better, reduce costs, and improve a facility’s overall availability.

Next Step Living

Series D in 2014
Next Step Living provides home energy evaluations and solutions for individuals and organizations. It offers energy assessment and diagnostics, air sealing and insulation, and multi-family retrofit services. The company also provides customized solutions, such as HVAC repair and replacement, window replacement and installation, solar or geothermal systems installation, building automation, interior and exterior lighting design, and custom retrofit services. Its sustainability solutions include water efficiency and purification, landscape design and management, and indoor air quality services. The company provides assessment and diagnostic processes to heating and cooling, domestic hot water, and electricity and lighting needs. Next Step Living partners with more than 400 municipalities, civic organizations, contractors, and corporations to deliver energy-efficient and environmental-friendly solutions to its customers. Those solutions include home energy assessments, weatherization work, energy-efficient windows, efficient heating, and cooling solutions, and access to solar solutions. Next Step Living was founded in 2008 by Geoff Chapin and is based in Boston, Massachusetts.

2B Energy

Series B in 2014
2B Energy focuses on the design and development of offshore wind turbines and power plants, aimed at reducing costs and promoting sustainability in the wind energy sector. The company provides fully integrated solutions that include innovative tower and foundation designs, which facilitate efficient hoisting processes and optimize rotor orientation for accessing turbines in deep waters. By enhancing the performance and efficiency of offshore wind generation, 2B Energy enables its clients to lower power generation costs while contributing to the production of sustainable energy.
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