RayGen is an Australian technology company focused on solar power and electricity storage. Its Solar Power Plant provides on-demand renewable energy by combining PV Ultra solar cogeneration with electro-thermal storage to deliver utility-scale, time-shifted power and synchronous generation. The system is designed to be located where the grid requires flexibility and can support dispatchable electricity for grid services, cogeneration, and potential green hydrogen production. RayGen manufactures high-efficiency solar modules at a 25 MWac facility in Melbourne and has deployed 1 MWac PV Ultra projects under power purchase agreements. The company employs around 30 people across engineering, manufacturing, operations and sales and has received support from government programs such as ARENA and Victoria’s New Energy Jobs Fund.
ElectronX
Seed Round in 2025
ElectronX develops an energy exchange platform designed to stabilize short-term electricity pricing. It offers centrally cleared power derivatives, enabling utilities, traders, and independent power producers to effectively manage intraday price risks.
eSmart Systems
Venture Round in 2024
Founded in 2012, eSmart Systems develops AI-driven software solutions for the energy industry. Its cloud-born platform collects and analyzes vast data quantities from sensors in real-time, enabling optimized energy decisions, resource savings, and predictive maintenance. The company offers tailored solutions for utilities and applications for consumers, with a focus on global markets.
Ørsted develops, maintains, and operates offshore and onshore renewable energy farms, energy storage facilities, and bioenergy plants. Its vision is a world powered entirely by green energy. Formerly known as DONG Energy, Ørsted has transformed from a black to a green energy company over the past decade, reducing its coal consumption significantly and aiming for full phase-out by 2023. As a global leader in offshore wind with a market share of 25%, it currently powers approximately 9.5 million people.
Infravision
Series A in 2023
Infravision specializes in custom engineering solutions focused on power line stringing for maintenance, repair, and construction projects in the energy, infrastructure, and mining sectors. The company utilizes drone technology, specifically a heavy-lift unmanned aircraft, to install line hardware on overhead earth wires and conductors, significantly reducing environmental impacts. Their innovative stringing system, known as TX, aims to enhance efficiency while preserving vegetation, local fauna, and agricultural land. Infravision is committed to assisting electric utilities in modernizing power grids through drone-enabled upgrades, providing certified solutions that facilitate sustainability and operational improvement across various projects worldwide.
Rio Energy
Acquisition in 2023
Rio Energy is an environmental firm that focuses on the development, construction, and operation of renewable energy projects. The company specializes in creating power generation platforms that emphasize efficiency and sustainability. With integrated capabilities, Rio Energy delivers insights and services that support the full functionality of its projects, ensuring they operate effectively. The firm's commitment to the renewable energy sector positions it as a key player in the transition to sustainable power solutions.
Suncor Energy
Acquisition in 2023
Suncor Energy is a Canadian integrated energy company that develops and markets petroleum resources, with a core focus on the Athabasca oil sands. It conducts oil sands development and upgrading, offshore and onshore exploration and production, and refining and marketing of crude oil and refined products. The company markets crude oil, natural gas, byproducts, refined products, and power, and participates in trading activities. It markets Petro-Canada branded products in Canada and operates a network of retail and wholesale channels. Suncor maintains wind farms in Ontario and Western Canada and pursues investments in power and renewable fuels to support a transition to lower-emission energy. Its international footprint includes offshore assets in the North Sea and onshore assets in Libya and Syria, alongside refining and marketing operations in Canada and the United States. Founded in 1917 and headquartered in Calgary, Suncor aims to balance asset quality with growth prospects.
eSmart Systems
Series B in 2022
Founded in 2012, eSmart Systems develops AI-driven software solutions for the energy industry. Its cloud-born platform collects and analyzes vast data quantities from sensors in real-time, enabling optimized energy decisions, resource savings, and predictive maintenance. The company offers tailored solutions for utilities and applications for consumers, with a focus on global markets.
Founded in 2017, Revterra specializes in developing flywheel energy storage systems for industrial and utility-scale applications. Its patented technology uses passive magnetic bearings to enable low-power consumption at high speeds, facilitating the storage of renewable energies like wind and solar.
East Point Energy
Acquisition in 2022
Founded in 2017, East Point Energy develops and operates utility-scale energy storage projects. It partners with utilities, independent power producers, landowners, and communities to enhance grid reliability, resilience, and affordability.
Electric Hydrogen
Series B in 2022
Electric Hydrogen is a company focused on deep decarbonization by developing low-cost, high-efficiency systems for producing fossil-free hydrogen. The company targets industrial sectors such as ammonia and steel production, which contribute significantly to global greenhouse gas emissions. By rethinking electrolysis technology from scratch, Electric Hydrogen aims to make clean hydrogen competitive with traditional methods in terms of cost and scale. Their advanced PEM (Proton Exchange Membrane) technology uses renewable electricity to generate clean hydrogen gas, reducing industrial pollution and dependence on fossil fuels. The company's leadership team brings extensive experience from pioneering clean energy companies like Tesla and First Solar, positioning Electric Hydrogen as a strong contender in the quest for zero-emission industrial processes.
LevelTen Energy
Series C in 2021
LevelTen Energy is a Seattle-based company that operates a renewable energy transaction marketplace platform. Founded in 2016, it facilitates connections between corporate and industrial power buyers and utility-scale wind, solar, and storage projects. The platform enables these buyers to access power purchase agreements (PPAs), providing financial security through fixed-price renewables and the economic advantages of large-scale projects. LevelTen Energy equips renewable energy buyers, advisors, and sellers with tools and services to expedite better deals.
eSmart Systems
Venture Round in 2019
Founded in 2012, eSmart Systems develops AI-driven software solutions for the energy industry. Its cloud-born platform collects and analyzes vast data quantities from sensors in real-time, enabling optimized energy decisions, resource savings, and predictive maintenance. The company offers tailored solutions for utilities and applications for consumers, with a focus on global markets.
Yellow Door Energy
Series A in 2019
Yellow Door Energy, established in 2015 with headquarters in Dubai and operations in Amman, specializes in distributed solar power generation for commercial and industrial customers across the Middle East and Africa. The company finances, designs, builds, operates, and maintains solar plants, enabling clients to adopt renewable energy solutions without upfront capital expenditure. Once operational, clients pay a monthly bill based on electricity produced. Yellow Door Energy aims to develop over 1 gigawatt of distributed solar capacity, demonstrating its commitment to sustainability and clean energy in the region.
Founded in 1953, Petrobras is a Brazilian integrated energy company specializing in the exploration and production of oil and gas, with a significant portion of its reserves located in deep and ultra-deep waters. The company operates ten refineries in Brazil, producing approximately 2 million barrels of oil equivalent per day, and distributes refined products and natural gas throughout the country. Petrobras is committed to socio-environmental responsibility and has been recognized as one of the world's most sustainable corporations.
Convergent Energy and Power
Funding Round in 2016
Convergent Energy and Power is a developer of energy storage assets, focusing on clean energy solutions. The company specializes in commercial and industrial applications to grid-connected systems, managing all aspects of the development cycle from project identification to operations.
Pelamis Wave Power
Venture Round in 2008
Pelamis Wave Power is a pioneer in the renewable energy sector, specializing in the generation of electricity from ocean waves. The company has developed the Pelamis Wave Energy Converter, a semi-submerged and articulated structure made up of cylindrical sections connected by hinged joints. This innovative system is designed to assist project developers and electricity generators in the development, construction, and operation of wave power projects. Pelamis Wave Power was the first to introduce a commercial-scale machine capable of delivering electricity to the grid from offshore wave energy, marking a significant advancement in the utilization of marine resources for sustainable energy production.
BrightSource
Series C in 2008
BrightSource Energy, Inc. is a solar thermal technology company that specializes in designing, developing, and selling systems for utility-scale electric power plants both in the United States and internationally. The company utilizes fields of tracking mirrors, known as heliostats, which are controlled by proprietary software to concentrate sunlight onto a solar receiver/boiler unit, producing high-temperature steam. This steam can be harnessed for electricity generation via conventional steam turbines or for industrial applications, such as thermal enhanced oil recovery. In addition to its core technology, BrightSource provides comprehensive project development services that include site acquisition, permitting, and interconnection to the electrical grid. The company targets utility-scale solar thermal power project owners, contractors, and oil production companies, fostering strategic partnerships with notable firms in the industry. Founded in 2004 and headquartered in Oakland, California, BrightSource aims to offer low-cost, reliable clean energy solutions that help reduce dependency on fossil fuels.