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

DG Matrix

Seed Round in 2025
DG Matrix is a pioneering manufacturer specializing in energy storage and solar systems for electric vehicles (EVs). The company's innovative solutions focus on enabling widespread EV charging infrastructure, from single-unit L3 DC fast charging technology to microgrids and fleet charging, all while minimizing material usage and environmental footprint. This approach aims to facilitate gigaton-scale emissions reductions by making EV charging accessible and affordable.

SensorFact

Acquisition in 2025
SensorFact B.V., founded in 2016 and based in Utrecht, the Netherlands, specializes in intelligent energy management systems for small and medium-sized enterprises in the manufacturing sector. The company provides low-cost, non-intrusive wireless sensors that measure real-time energy consumption, enabling businesses to monitor energy flows and identify savings opportunities. By translating sustainability into practical actions, SensorFact simplifies the complex concepts of energy management and sustainability for its clients. Its integrated system not only collects and analyzes data but also offers clear reporting, empowering industries to reduce their energy waste and overall footprint while lowering energy costs.

Edgecom Energy

Seed Round in 2025
Edgecom Energy operates an energy management platform that focuses on optimizing energy consumption for its clients. The platform provides various tools and portals that allow users to measure their energy usage, track energy waste, monitor bills, and access real-time consumption data. In addition, it features alarm systems and demand response capabilities. By utilizing these tools, businesses can effectively reduce their energy costs and emissions, leading to significant savings and more efficient energy use.

Gamesa Electric - Power Electronics Business

Acquisition in 2024
Gamesa Electric - Power Electronics Business focused on energy conversion.

Fodisch Group

Acquisition in 2024
Födisch Group provides innovative measuring and analytical solutions for the industrial and energy industries.

Eneryield

Seed Round in 2024
Eneryield specializes in developing a machine learning tool aimed at addressing power quality disruptions in electric power systems. This innovative tool offers intelligent energy analytics and control over electricity flow, effectively compressing large datasets into actionable insights. By classifying and pinpointing the root causes of power quality events, Eneryield equips clients with the information necessary to take corrective actions, thereby mitigating disturbances. The company's solutions help reduce energy losses, minimize wear and tear on components, and decrease production downtimes, ultimately enhancing operational efficiency for its users.

Ndustrial

Series B in 2024
Ndustrial specializes in providing analytical engines and an industrial optimization platform tailored for mid-tier manufacturers and energy companies. Their solutions focus on enhancing production control, improving energy efficiency, and minimizing waste, which enables organizations to optimize operations and reduce costs. The company employs a proprietary industrial operating system that integrates legacy data and facilitates the deployment of new Industrial IoT assets. Additionally, Ndustrial offers real-time cloud-based applications designed for factories and industrial facilities, utilizing predictive control algorithms to support efficient resource management across various sectors.

Tallarna

Venture Round in 2022
Tallarna is a climate technology company focused on enhancing energy efficiency within the built environment. The company specializes in large-scale decarbonization, providing solutions that include building energy modeling, machine learning, and energy retrofits. Tallarna's platform facilitates access to efficient funding mechanisms, allowing clients to undertake projects without upfront capital expenditure and benefiting from off-balance sheet treatment. Their services aim to deliver guaranteed savings on energy bills while supporting the transition to net-zero emissions. Through its combination of climate tech innovations and financial solutions, Tallarna empowers clients to achieve sustainable and environmentally friendly outcomes.

Enervalis

Series A in 2020
Enervalis specializes in developing software that offers sustainable energy solutions tailored for electric vehicles, buildings, and microgrids. The company's energy management platform efficiently monitors diverse energy sources and user behaviors, leveraging weather forecasts, user inputs, and advanced analytics to anticipate future energy demand and supply. By optimizing energy consumption towards locally produced green energy, such as solar, wind, and other renewable sources, Enervalis enables users to manage their energy assets from a centralized dashboard. This comprehensive approach allows electricity producers, storage providers, and consumers to effectively monitor and control their energy usage, ultimately reducing energy costs and promoting energy efficiency.

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.

Cylon Controls

Acquisition in 2020
Cylon Controls Limited, founded in 1985 and based in Dublin, Ireland, specializes in designing and manufacturing building energy management systems (BEMS). The company offers a suite of products, including the Cylon Active Energy SaaS, which provides real-time monitoring of energy usage, and the Cylon Energy Solution, a cloud-based tool for energy optimization. Its Cylon Active Energy Manager is compatible with various building types and existing metering solutions. Additionally, Cylon provides a native BACnet model for seamless integration of building control systems and the Voya Xplor tool, which allows users to access energy reports and alerts. The company’s offerings also include HVAC controls, main plant controllers, and energy training services, catering to a diverse clientele that includes commercial offices, schools, industrial buildings, and hospitals across Europe, North America, Asia, the Middle East, and Africa.

Numocity

Seed Round in 2020
Numocity is a company that operates at the intersection of the automobile, energy, and digital technology sectors, focusing on electric mobility solutions. It provides a cloud-based middleware platform designed to deliver "Energy as a Service," supporting both fixed electric vehicle (EV) chargers and battery-swappable solutions. The platform facilitates oil marketing companies, power utility firms, fleets, and automotive original equipment manufacturers (OEMs) in building, operating, and monetizing electric mobility services. Additionally, Numocity's software suite enhances the user experience by enabling easy discovery of charging stations, comparison of charging rates, and asset tracking for EV owners, thereby promoting accessible electric charging facilities throughout urban environments.

Everactive

Venture Round in 2017
Everactive, Inc., also known as Everactive Insights, Inc., specializes in the development of wireless sensing devices and technologies tailored for Industrial Internet of Things (IoT) applications. The company produces ultra-low-power chips that enable battery-less wireless sensors, facilitating data generation and analytics for various industrial operations. Its innovations include PsiKick integrated circuits, which support programmable processing, power management, and RF communication. Everactive's solutions encompass steam trap monitoring, flare system monitoring, and machine health monitoring, allowing for continuous analysis of industrial assets. Founded in 2012 and headquartered in Santa Clara, California, Everactive also has locations in Charlottesville, Virginia, and Ann Arbor, Michigan. The company’s technology is based on energy harvesting, enabling low-cost and long-lived instrumentation that supports sustainable and scalable IoT applications.

Generac Grid Services

Series B in 2017
Generac Grid Services focuses on providing advanced software solutions for the energy industry, aimed at optimizing energy distribution and enhancing grid stability. The company's technology enables the management of distributed energy resources, including flexible loads, energy storage, and renewable energy sources. By utilizing a real-time energy-balancing platform, Generac Grid Services creates controllable and dispatchable energy resources that can respond to the immediate needs of the power system. Their services include energy distribution optimization, electric vehicle load management, and frequency regulation, allowing energy retailers and utilities to navigate the complexities of modern energy markets and improve their operational efficiency.

Bonsai

Series A in 2017
Bonsai offers an AI platform that empowers enterprises to build and deploy intelligent systems. By completely automating the management of complex machine learning libraries and algorithms, Bonsai enables enterprises to program AI models that improve system control and enhance real-time decision support. Businesses use these models today to increase automation and improve operational efficiency of industrial systems including robotics, manufacturing, supply chain, logistics, energy and utilities. Based in Berkeley, CA, Bonsai is backed by leading investors including NEA, Microsoft Ventures, ABB, Samsung NEXT and Siemens.

Enervalis

Venture Round in 2017
Enervalis specializes in developing software that offers sustainable energy solutions tailored for electric vehicles, buildings, and microgrids. The company's energy management platform efficiently monitors diverse energy sources and user behaviors, leveraging weather forecasts, user inputs, and advanced analytics to anticipate future energy demand and supply. By optimizing energy consumption towards locally produced green energy, such as solar, wind, and other renewable sources, Enervalis enables users to manage their energy assets from a centralized dashboard. This comprehensive approach allows electricity producers, storage providers, and consumers to effectively monitor and control their energy usage, ultimately reducing energy costs and promoting energy efficiency.

Generac Grid Services

Series B in 2017
Generac Grid Services focuses on providing advanced software solutions for the energy industry, aimed at optimizing energy distribution and enhancing grid stability. The company's technology enables the management of distributed energy resources, including flexible loads, energy storage, and renewable energy sources. By utilizing a real-time energy-balancing platform, Generac Grid Services creates controllable and dispatchable energy resources that can respond to the immediate needs of the power system. Their services include energy distribution optimization, electric vehicle load management, and frequency regulation, allowing energy retailers and utilities to navigate the complexities of modern energy markets and improve their operational efficiency.

Power-One

Acquisition in 2013
Power-One designs and manufactures energy-efficient power conversion and power management solutions, including inverters for alternative/renewable energy (solar and wind) and products for routers, data storage and servers, wireless communications, optical networking, semiconductor test equipment, industrial markets and custom applications. Power-One, with headquarters in Camarillo, California, has global sales offices, manufacturing, and R&D operations in Asia, Europe, and the Americas. Power-One is a public company listed on NASDAQ under the ticker symbol PWER.

Newave Energy Holding

Acquisition in 2011
Newave Energy Holding engages in the development, manufacture, and sale of uninterruptible power supply (UPS) products.

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.

Power Assure

Series B in 2011
Power Assure develops and delivers business automation software that reduces energy use and carbon emissions in commercial, corporate, and government data centers. The company's software platform intelligently manages data center server capacity in real time, maintaining required service levels at optimum efficiency and lowest total cost.

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.

Aquamarine Power

Venture Round in 2010
Aquamarine Power is a wave energy company, with head offices in Edinburgh, Scotland and further operations in Orkney and Northern Ireland. The company is currently developing its flagship technology, an innovative hydro-electric wave energy converter, known as Oyster. Aquamarine Power’s goal is to develop commercial Oyster wave farms around the world. The first demonstration-scale Oyster has been successfully deployed at sea at the European Marine Energy Centre (EMEC) in Orkney, Scotland and was officially launched by Scotland's First Minister Alex Salmond MP, MSP in November 2009 when it began producing power to the National Grid to power homes in Orkney and beyond. Oyster's performance is now being monitored and the results from the testing will provide a basis for the design of the next-generation commercial-scale Oyster 2.

Power Assure

Venture Round in 2010
Power Assure develops and delivers business automation software that reduces energy use and carbon emissions in commercial, corporate, and government data centers. The company's software platform intelligently manages data center server capacity in real time, maintaining required service levels at optimum efficiency and lowest total cost.

Ventyx

Acquisition in 2010
Ventyx, Inc. specializes in providing software, data, and advisory services aimed at enhancing the management of customers, workforce, inventory, equipment, tools, and documentation for asset-intensive industries. The company offers solutions in mobile workforce management, asset management, customer care, energy trading and risk management, energy operations, and energy analytics, helping clients effectively plan and forecast electricity needs, including those related to renewable energy. Established in 1997 and headquartered in Atlanta, Georgia, Ventyx has expanded its presence with regional offices across the United States and internationally in countries such as Australia, Japan, the United Kingdom, France, Denmark, and South Africa. Formerly known as Indus International, Inc., Ventyx rebranded in March 2007 to reflect its focus on the energy, utilities, communications, and chemical sectors, as well as the oil and gas industry.
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