Energy Innovation Capital

Energy Innovation Capital, founded in 2016 and based in Orinda, California, is a venture capital firm that invests in early and growth-stage companies targeting significant opportunities within the oil, gas, and energy markets. The firm collaborates with experienced entrepreneurs to develop differentiated technologies and innovative business models. With a team possessing extensive expertise and established relationships in both the oil and gas and advanced energy sectors, Energy Innovation Capital aims to foster innovation in these fields. Additionally, the firm is building an ecosystem of strategic partners who are leaders in energy innovation, further enhancing their investment approach.

W. George Coyle

Managing Partner

Joaquin Fernandez-Silva

Partner

Chad Gardner

Managing Director and CFO

Rajan Gupta

Senior Managing Director

John Hanten

Operating Partner

Andrew Lackner

Managing Director

Ken Schultz

Operating Partner

Christopher Smith

Managing Director

Yucen Xie

Principal

Past deals in Oil and Gas

Insight M

Series C in 2021
Kairos Aerospace provides large-scale, aerial monitoring of methane emissions. The company completed the first-ever basin-wide aerial survey for methane detection in its 2019 survey of the Permian Basin. Kairos Aerospace’s mission is to improve operational excellence for the oil and gas industry with cost-effective, efficient methane reductions at scale.

Vortexa

Series B in 2021
Vortexa Ltd is a London-based company established in 2016 that specializes in providing real-time information and analytics on crude oil and refined products, including fuel oil, diesel, jet fuel, gasoline, and more. The company offers insights into the movement of these products along trading routes, utilizing a cargo-by-cargo tracking approach. Vortexa's platform leverages artificial intelligence to analyze and interpret data from various sources, delivering comprehensive insights into waterborne energy trades. This enables energy and shipping companies to make informed trading decisions and enhance their competitive edge in the market.

Orbital Sidekick

Funding Round in 2021
Orbital Sidekick, Inc. specializes in Earth observation and analysis services through advanced hyperspectral imaging technology. The company operates a small satellite constellation that captures narrow contiguous spectral bands, ranging from visible light to infrared. This capability allows for precise chemical classification and change detection, making it a valuable tool for various sectors, including energy, oil and gas, mining, environmental monitoring, infrastructure, agriculture, and defense. Founded in 2016 and headquartered in San Francisco, California, Orbital Sidekick focuses on providing innovative solutions for complex analysis and monitoring needs.

Insight M

Series C in 2020
Kairos Aerospace provides large-scale, aerial monitoring of methane emissions. The company completed the first-ever basin-wide aerial survey for methane detection in its 2019 survey of the Permian Basin. Kairos Aerospace’s mission is to improve operational excellence for the oil and gas industry with cost-effective, efficient methane reductions at scale.

Ingu

Series A in 2019
Ingu Solutions Inc., based in Calgary, Canada, specializes in the development of miniaturized mobile sensors designed for pipeline inspection. The company has introduced Pipers, an innovative screening tool that identifies risks and performance issues in pipelines. This technology is capable of detecting and locating leaks, geometric defects, magnetic anomalies, and deposits in pipelines as small as 2 inches in diameter. By facilitating inline inspections that can occur more frequently and at a lower cost, Ingu Solutions addresses the challenges posed by aging pipeline infrastructure and the limitations of traditional inspection methods. Their self-serve inspection model significantly reduces engineering and downtime costs, making pipeline integrity programs more accessible for a diverse range of clients. Ingu Solutions' approach enables continuous access to real-time condition-critical data, empowering clients to enhance their planning and decision-making processes.

Phoenix ET

Venture Round in 2019
Phoenix Energy Technologies, Inc. specializes in developing software that focuses on enterprise energy management for smart buildings and connected machines. The company provides solutions that monitor, control, and manage assets such as heating, ventilation, and air conditioning (HVAC), lighting, refrigeration, and other industrial and consumer-facing equipment. Its software offers features that alert users, measure performance, and automatically correct or predict maintenance needs, thereby enhancing operational efficiency and reducing energy costs. Serving a diverse range of clients including retailers, universities, grocery stores, and theaters, Phoenix Energy Technologies aims to help organizations achieve their energy savings goals with minimal additional hardware. Founded in 2004 and based in Aliso Viejo, California, the company was previously known as Phoenix ESG, LLC and became a subsidiary of Duke Energy Corporation in 2015.

Xpansiv

Series A in 2019
Xpansiv Data Systems, Inc. operates an online platform that converts raw production data into Digital Feedstock™, a secure and efficient data format that integrates data science, cryptography, and distributed-ledger technologies. This transformation allows for the creation of immutable digital assets from commodities such as natural gas, facilitating transactions that enhance supply-chain transparency, verify compliance, and mitigate risk. By capturing and tracking the attributional profiles and characteristics of underlying commodities, Xpansiv empowers markets to better assess and trade these assets in a digital format. Founded in 2016 and headquartered in San Francisco, California, with additional locations in Albuquerque, New Mexico, and Seattle, Washington, Xpansiv operates as a subsidiary of CBL Markets Holdings Pty Ltd. The company's team comprises industry experts committed to improving the production, management, and trading processes of commodities on a global scale.

Insight M

Series B in 2018
Kairos Aerospace provides large-scale, aerial monitoring of methane emissions. The company completed the first-ever basin-wide aerial survey for methane detection in its 2019 survey of the Permian Basin. Kairos Aerospace’s mission is to improve operational excellence for the oil and gas industry with cost-effective, efficient methane reductions at scale.

Insight M

Series B in 2018
Kairos Aerospace provides large-scale, aerial monitoring of methane emissions. The company completed the first-ever basin-wide aerial survey for methane detection in its 2019 survey of the Permian Basin. Kairos Aerospace’s mission is to improve operational excellence for the oil and gas industry with cost-effective, efficient methane reductions at scale.

Titus Industrial

Series A in 2017
Titus Industrial is a manufacturer and distributor of industrial products, specializing in pipe, valves, and fittings (PVF). The company offers a variety of products, including forged steel, hammer unions, ball valves, fasteners, flanges, and various fittings. Founded in 2015 and headquartered in Dallas, Texas, Titus Industrial operates manufacturing facilities and distribution centers both domestically and internationally. The company aims to streamline the supply chain for its clients by leveraging custom cloud and data analytics software, providing tailored solutions that enhance the business-to-business transaction process.

Kelvin

Series A in 2016
Kelvin Inc. is a technology company based in San Francisco, California, established in 2013. It specializes in the design and development of the Kelvin Oil App, a software solution that leverages artificial intelligence to automate the optimization and operation of physical systems, specifically catering to the oil field markets. By utilizing advanced A.I. techniques, Kelvin aims to simplify the management of complex systems, enhancing operational efficiency and effectiveness for its clients in the industry.
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