Chevron

Chevron Corporation is a leading integrated energy company involved in various aspects of the oil and gas industry, including exploration, production, refining, marketing, and chemicals manufacturing. Headquartered in San Ramon, California, the company operates globally, with significant production activities across North America, South America, Europe, Africa, Asia, and Australia. Chevron produces approximately 3.1 million barrels of oil equivalent per day, alongside refining capacity of 1.8 million barrels per day. The company markets fuels, lubricants, and petrochemical products under well-known brands such as Chevron, Texaco, and Caltex. Additionally, Chevron Technology Ventures serves as the company's venture capital arm, investing in early-stage companies and emerging technologies to enhance operational efficiency and foster future energy solutions, including renewable energy and advanced materials. Chevron is committed to developing technology for hydrogen-powered fuel cells and other sustainable energy resources while maintaining a strong focus on traditional oil and gas operations.

Karl Allen

Principal

Kemal Anbarci

Vice President and Managing Executive

Paul Bennett

Vice President and Treasurer

Nicholas Brumvele

Investor

Thomas Bunting

Principal

Barbara Burger

President

JB Clavaud

Investor

Stuart Coleman

Principal

Edem Dzakpasu

Principal

Chevron Equipment Finance

Finance Broker

Niaz Faruqui

Principal

Nabeel Hasnain

Principal

James Johnson

Executive Vice President and Executive

Pawel Konzal

Investor

Bruce L. Niemeyer

Vice President, Strategic Planning

Ryan Owen

Investor

Rich Pardoe

Venture Executive

Luca Rigo de Righi

Investor

Michael K. Wirth

Chairman of the Board and CEO

Past deals in Fuel Cell

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.

Carbon Clean

Series C in 2022
Carbon Clean Solutions Pvt. Ltd. specializes in carbon dioxide (CO2) separation technology aimed at reducing emissions from industrial applications, particularly in sectors such as power generation, steel, cement, and chemicals. Founded in 2009 and based in Mumbai, India, the company has research and operational facilities in the United Kingdom and the United States. Its proprietary technologies include CDRMax, which recovers CO2 from flue gases in the fertilizer industry, and Meth Pure, designed for biogas purification without methane loss. Additionally, CCS TGR technology targets CO2 emissions from iron production processes. The firm’s advanced, energy-efficient carbon capture systems can be integrated into new power plants or retrofitted to existing facilities, allowing for the extraction of up to 90% of CO2 from flue gases. By providing scalable and cost-effective solutions, Carbon Clean Solutions helps industries decarbonize and take advantage of the value of captured carbon.

Ionomr

Series A in 2022
Ionomr Innovations Inc. is a Vancouver-based company specializing in the design, adaptation, and manufacture of advanced ion-exchange membranes and polymer technologies. Founded in 2013, Ionomr focuses on creating environmentally friendly materials that replace toxic fluorinated chemicals often used in electrochemical applications. Its flagship product line, Aemion, is designed for various applications, including water treatment, energy storage, and clean energy generation. The company’s innovative membranes are known for their alkaline stability, strength, and performance, enabling optimal integration into electrochemical systems. By providing solutions that enhance efficiency and reduce environmental impact, Ionomr aims to support the decarbonization of the planet and foster the development of sustainable systems in the renewable energy and circular chemical economies. Additionally, Ionomr offers chemical engineering services to further support its clients in achieving their operational goals.

Hydrogenious Technologies

Venture Round in 2021
Founded in 2013, Hydrogenious Technoloiges is a spin-off of the University of Erlangen-Nuremberg by its CEO Dr. Daniel Teichmann and the three co-founders Prof. Wolfgang Arlt, Prof. Peter Wasserscheid and Prof. Eberhardt Schlücker. The need for safe and efficient hydrogen storage for multi-MWh energy storage systems and safe and reliable hydrogen storage for hydrogen refuelling stations and fuel cell mobility was imminent – and Liquid Organic Hydrogen Carriers (LOHC) proved to be the solution. Having completed the technological proof of concept at the university’s laboratories, the idea became reality and Hydrogenious Technologies, a global pioneer in LOHC based energy storage, was born. With the University of Erlangen-Nuremberg becoming a shareholder in May 2014 and the successful close of a Series A funding round in July 2014 with Anglo American Platinum as investor, Hydrogenious Technologies is now backed with strong scientific, strategic and financial capacities to revolutionize large-scale energy and hydrogen storage.

Raven

Seed Round in 2021
Raven is a producer of green hydrogen and synthetic fuels using organic waste. They transform waste destined for landfills into environmentally friendly, efficient, and profitable clean hydrogen and Fischer-Tropsch synthetic fuels with our patented Steam/CO2 Reformer technology. Raven was in 2018 and is based in Pinedale, Wyoming.

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.

Zap Energy

Series B in 2021
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.

Starfire Energy

Venture Round in 2021
Starfire Energy, founded in 2007 and based in Aurora, Colorado, focuses on the development and deployment of sustainable energy technologies. The company has created a process for synthesizing clean liquid fuel, specifically ammonia, from renewable energy sources such as wind and solar power. This carbon-free ammonia serves multiple purposes, including use as fertilizer, refrigerant, and energy-dense fuel. Starfire Energy's modular systems, designed for easy on-site installation, utilize only renewable energy, air, and water as inputs, thereby supporting clients' needs for energy storage, transportation, heating, and industrial applications while promoting sustainability and reducing carbon emissions.

ChargePoint

Series H in 2020
ChargePoint, Inc. operates a comprehensive network of electric vehicle charging stations, primarily based in California, with additional offices in Arizona, Germany, India, the Netherlands, and the United Kingdom. Founded in 2007 and originally named Coulomb Technologies, the company rebranded to ChargePoint in December 2012. It is recognized as a leader in the electric vehicle charging sector, providing public charging stations and consumer subscription plans. ChargePoint also offers utility grid management technology to assist electric utility companies in balancing demand on the grid. Through its extensive network, the company aims to increase accessibility to electric vehicle charging and support the growing adoption of electric mobility.

Zap Energy

Series A in 2020
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.

Natron Energy

Series D in 2020
Natron Energy, Inc. is an energy storage company specializing in the development of sodium-ion batteries designed for industrial applications. Founded in 2012 and based in Santa Clara, California, the company focuses on delivering high power, long cycle life, and cost-effective battery solutions. Its products utilize a unique Prussian blue chemistry, making them suitable for a range of applications, including uninterruptible power supplies, lift trucks, renewable energy smoothing, smart grids, and electric vehicle fast charging. Natron Energy aims to provide efficient energy storage systems that can be economically produced using readily available materials and existing manufacturing processes, thus enhancing the performance and lifespan of batteries while maintaining low operating costs.

Carbon Clean

Series B in 2020
Carbon Clean Solutions Pvt. Ltd. specializes in carbon dioxide (CO2) separation technology aimed at reducing emissions from industrial applications, particularly in sectors such as power generation, steel, cement, and chemicals. Founded in 2009 and based in Mumbai, India, the company has research and operational facilities in the United Kingdom and the United States. Its proprietary technologies include CDRMax, which recovers CO2 from flue gases in the fertilizer industry, and Meth Pure, designed for biogas purification without methane loss. Additionally, CCS TGR technology targets CO2 emissions from iron production processes. The firm’s advanced, energy-efficient carbon capture systems can be integrated into new power plants or retrofitted to existing facilities, allowing for the extraction of up to 90% of CO2 from flue gases. By providing scalable and cost-effective solutions, Carbon Clean Solutions helps industries decarbonize and take advantage of the value of captured carbon.

Carbon Clean

Series B in 2020
Carbon Clean Solutions Pvt. Ltd. specializes in carbon dioxide (CO2) separation technology aimed at reducing emissions from industrial applications, particularly in sectors such as power generation, steel, cement, and chemicals. Founded in 2009 and based in Mumbai, India, the company has research and operational facilities in the United Kingdom and the United States. Its proprietary technologies include CDRMax, which recovers CO2 from flue gases in the fertilizer industry, and Meth Pure, designed for biogas purification without methane loss. Additionally, CCS TGR technology targets CO2 emissions from iron production processes. The firm’s advanced, energy-efficient carbon capture systems can be integrated into new power plants or retrofitted to existing facilities, allowing for the extraction of up to 90% of CO2 from flue gases. By providing scalable and cost-effective solutions, Carbon Clean Solutions helps industries decarbonize and take advantage of the value of captured carbon.

Spear Power Systems

Series B in 2019
Spear Power Systems, LLC specializes in the design and manufacture of lithium-ion battery storage systems tailored for demanding applications across various industries, including defense, marine propulsion, oil and gas, and mining. Established in 2013 and located in Grandview, Missouri, the company provides a diverse range of energy storage solutions, including lithium-ion cells, modules, and battery packs. Their TRIDENT maritime batteries feature multiple cell chemistries to offer industry-leading energy density or ultra-high power density, depending on specific application needs. Spear Power Systems also delivers integrated power services, ensuring that their efficient, compact, and lightweight energy storage systems can be easily transported and installed, thereby maximizing value and reducing deployment time for clients in sectors such as aerospace, renewable energy, communications, and medical.

Natron Energy

Venture Round in 2019
Natron Energy, Inc. is an energy storage company specializing in the development of sodium-ion batteries designed for industrial applications. Founded in 2012 and based in Santa Clara, California, the company focuses on delivering high power, long cycle life, and cost-effective battery solutions. Its products utilize a unique Prussian blue chemistry, making them suitable for a range of applications, including uninterruptible power supplies, lift trucks, renewable energy smoothing, smart grids, and electric vehicle fast charging. Natron Energy aims to provide efficient energy storage systems that can be economically produced using readily available materials and existing manufacturing processes, thus enhancing the performance and lifespan of batteries while maintaining low operating costs.

ChargePoint

Series H in 2018
ChargePoint, Inc. operates a comprehensive network of electric vehicle charging stations, primarily based in California, with additional offices in Arizona, Germany, India, the Netherlands, and the United Kingdom. Founded in 2007 and originally named Coulomb Technologies, the company rebranded to ChargePoint in December 2012. It is recognized as a leader in the electric vehicle charging sector, providing public charging stations and consumer subscription plans. ChargePoint also offers utility grid management technology to assist electric utility companies in balancing demand on the grid. Through its extensive network, the company aims to increase accessibility to electric vehicle charging and support the growing adoption of electric mobility.

LS9

Series D in 2010
LS9, the Renewable Petroleum Company, is a privately-held industrial biotechnology company based in South San Francisco, California developing patent-pending UltraClean fuels and sustainable chemicals made with the power of synthetic biology.

LS9

Series C in 2009
LS9, the Renewable Petroleum Company, is a privately-held industrial biotechnology company based in South San Francisco, California developing patent-pending UltraClean fuels and sustainable chemicals made with the power of synthetic biology.
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