Equinor
Equinor is an energy company based in Rogaland, Norway, founded in 1972. It focuses on the exploration, development, and production of oil and gas, alongside wind and solar energy. The company is involved in the sale of crude oil and is a significant supplier of natural gas, engaging in various activities such as processing, refining, and trading. Equinor operates through multiple business areas and supports divisions, with a global presence that includes regions in North and South America, Africa, Asia, Europe, and Oceania. The company's operations utilize refineries, processing plants, and terminals to convert crude oil and gas into widely used commodities like petrol, diesel, heating oil, and consumer-ready natural gas.
Ørsted is a Danish company specializing in the development and maintenance of offshore and onshore renewable energy farms, energy storage facilities, and bioenergy plants. Formerly known as DONG Energy, Ørsted has undergone a significant transformation over the past decade, committing to a vision of a world powered entirely by green energy. The company has dramatically reduced its coal consumption by 73% and aims to completely phase out coal by 2023. As a global leader in offshore wind, Ørsted holds a 25% market share, providing energy to approximately 9.5 million people. By the end of 2023, Ørsted operated 8.9 gigawatts of offshore wind capacity, with the United Kingdom being its largest market, followed by Germany and Denmark. The company is also expanding its presence outside Europe with projects in Taiwan and the United States, where it operates 4.8 gigawatts of onshore wind and solar assets. In addition to its renewable initiatives, Ørsted still engages in traditional utilities, including conventional power plants.
Rio Energy
Acquisition in 2023
Rio Energy is an environmental firm engaged in the renewable energy sector, specializing in the development, construction, and operation of power generation platforms. The company focuses on renewable energy projects, offering integrated capabilities that enhance project efficiency and functionality. By combining insights, services, and technology, Rio Energy aims to ensure the successful delivery and operation of its energy solutions.
Mainspring
Series D in 2021
Mainspring Energy, Inc. is a company based in Menlo Park, California, focused on developing linear generator technology that produces low-carbon, dispatchable energy. Founded in 2010 by three Stanford engineers, Mainspring aims to address the challenges of climate change while providing affordable electricity. The company engineers advanced prototypes of linear generators that convert fuel into electricity through a low-temperature reaction of air and fuel, driving magnets through copper coils. This innovative approach allows Mainspring to offer electricity at lower costs and with greater reliability, contributing to the vision of creating net-zero carbon grids in the future.
eSmart Systems
Venture Round in 2019
ESmart Systems provides AI-driven software solutions to the energy industry and service providers. The company is based on more than 20 years of international experience in establishing and operating knowledge based, leading IT and energy related companies targeting global markets. The company provides software solutions to the energy industry and service providers. Its cloud-born platform is designed to handle and exploit the Internet of Things, Big Data and Analytics in real-time. Common to all applications is vast data quantities gathered from sensors, which are analyzed using advanced prediction and optimization models. This results in completely new ways of visualizing data, making decisions and saving resources and costs. The platform is designed for Big Data from the ground up without legacy. eSmart Systems originates from the renowned IFE environment (Institute for Energy Technology). The company was founded in 2012 by an experienced team previously responsible for large IT service exports including delivery of the world's first power exchange to Nord Pool, the Nordic Power Exchange, in 1991. Since 2012 the company has grown rapidly and currently consists of almost 80 employees with offices in Norway, Denmark, the UK, and USA.
Yellow Door Energy
Series A in 2019
Yellow Door Energy is a sustainable solar energy company based in Dubai, United Arab Emirates, with an additional location in Amman, Jordan. Founded in 2015, the company specializes in providing solar energy solutions for commercial and industrial customers throughout the Middle East and Africa. Yellow Door Energy handles all aspects of solar plant development, including financing, design, construction, operation, and maintenance. Clients benefit from a solar leasing model, allowing them to pay a monthly bill based on their solar energy usage, which enables them to focus on their core business while utilizing renewable energy. With a goal to develop over 1 GW of distributed solar and energy solutions, Yellow Door Energy emphasizes its commitment to sustainability and the promotion of renewable energy in the region.
Mainspring
Series C in 2018
Mainspring Energy, Inc. is a company based in Menlo Park, California, focused on developing linear generator technology that produces low-carbon, dispatchable energy. Founded in 2010 by three Stanford engineers, Mainspring aims to address the challenges of climate change while providing affordable electricity. The company engineers advanced prototypes of linear generators that convert fuel into electricity through a low-temperature reaction of air and fuel, driving magnets through copper coils. This innovative approach allows Mainspring to offer electricity at lower costs and with greater reliability, contributing to the vision of creating net-zero carbon grids in the future.
Pelamis Wave Power
Venture Round in 2008
Pelamis Wave Power is a manufacturer of innovative systems designed to generate renewable electricity from ocean waves. The company developed the Pelamis Wave Energy Converter, a semi-submerged and articulated structure composed of cylindrical sections connected by hinged joints. This unique technology represents a significant advancement in wave energy, as it was the first commercial-scale machine capable of generating electricity for the grid from offshore wave energy. Pelamis Wave Power supports project developers and electricity generators in the development, construction, and operation of wave energy projects, contributing to the growth of renewable energy solutions.
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