Evergreen Climate Innovations

Evergreen Climate Innovations, originally known as Clean Energy Trust, is a nonprofit organization based in Chicago, Illinois, that focuses on providing catalytic capital and support to entrepreneurs and startups developing impactful climate technologies. Founded in 2010, Evergreen's mission is to foster innovation in the Greater Midwest by aligning philanthropic and corporate contributions through its 501vc® Investment Fund. This approach aims to deliver significant environmental, economic, and social impact. Over the past decade, Evergreen has successfully invested in numerous startups, achieving an impressive leverage of $41 raised for every $1 invested. The organization is dedicated to cultivating a robust ecosystem of investors, donors, and collaborators to advance climate solutions in the region.

Erik Birkerts

CEO

Paul Seidler

Managing Director

Past deals in Illinois

Renewance

Series A in 2024
Renewance, Inc. specializes in battery lifecycle management through its software-as-a-service platform, Renewance Connect. This platform assists clients dealing with defective or end-of-life batteries by enabling them to compare, select, and contract with battery recyclers efficiently. The company's offerings include a comprehensive recycling solution that encompasses a partner network responsible for packaging, transportation, recycling, and adherence to regulatory requirements. Additionally, Renewance provides lifecycle services such as asset retirement obligation forecasting and regulatory compliance management. Targeting the battery energy storage and electric vehicle sectors, Renewance aims to facilitate a transition to more sustainable energy practices. Founded in 2015 and headquartered in Schaumburg, Illinois, the company combines technology with consultancy and project management to effectively address end-of-life liabilities associated with industrial batteries.

NanoGraf

Series B in 2023
NanoGraf Corporation is a materials science company based in Chicago, Illinois, focused on the development and commercialization of advanced materials for the energy storage market. Founded in 2012, the company specializes in silicon-graphene electrode materials designed for lithium-ion batteries, which offer higher energy density and reduced charging times compared to traditional graphitic-based anodes. These innovative materials have potential applications across various sectors, including consumer electronics and electric vehicles. NanoGraf's technology aims to enhance battery capacity while enabling cost-effective production through a chemistry-based manufacturing process.

NUMiX MATERIALS

Grant in 2020
NUMiX MATERIALS is a water treatment company that specializes in manufacturing and supplying sorbents to remove dissolved heavy metals from contaminated water. It focuses on RCRA, Water, Sorbents, Pretreatment, and Metals. It was founded in 2018 and headquartered in Chicago, Illinois.

Renewance

Seed Round in 2020
Renewance, Inc. specializes in battery lifecycle management through its software-as-a-service platform, Renewance Connect. This platform assists clients dealing with defective or end-of-life batteries by enabling them to compare, select, and contract with battery recyclers efficiently. The company's offerings include a comprehensive recycling solution that encompasses a partner network responsible for packaging, transportation, recycling, and adherence to regulatory requirements. Additionally, Renewance provides lifecycle services such as asset retirement obligation forecasting and regulatory compliance management. Targeting the battery energy storage and electric vehicle sectors, Renewance aims to facilitate a transition to more sustainable energy practices. Founded in 2015 and headquartered in Schaumburg, Illinois, the company combines technology with consultancy and project management to effectively address end-of-life liabilities associated with industrial batteries.

Sigora

Venture Round in 2018
Sigora specializes in utility-management systems designed for emerging markets, focusing on both established urban grid utilities and rural micro-grid developers. The company offers a platform that enhances energy access by transforming it into a viable business model. This platform integrates specialized hardware and web-managed software with straightforward payment solutions, effectively streamlining bill collection, minimizing revenue losses, preventing energy theft, and improving operational efficiency for energy providers. Sigora’s innovative approach positions its technology as a crucial operating system for financeable micro-utility business models, catering to the specific needs of energy industry players in frontier markets. Founded in 2016, Sigora is headquartered in Chicago, Illinois.

Aker Technologies

Convertible Note in 2017
Aker Technologies Inc. specializes in providing crop intelligence and in-season analytical tools to enhance farm operations. The company develops smart crop management solutions aimed at promoting precision farming practices. Utilizing patented computer vision and biometric sensors, along with comprehensive software and service offerings, Aker Technologies enables the detection, classification, and measurement of pest pressures, airborne pathogens, crop diseases, and fertility issues within crop canopies. Its customer service platform caters to chemical suppliers, agricultural retailers, and consultants, facilitating support for growers. Established in 2014 and headquartered in Winnebago, Minnesota, Aker Technologies also maintains an office in Chicago, Illinois.

NETenergy

Seed Round in 2016
NETenergy is a Chicago-based company specializing in thermal energy storage technology. It has developed an innovative thermal battery that stores cold energy during off-peak hours. This stored energy can then be utilized to cool buildings during peak hours, when energy costs are typically higher. By implementing this technology, building owners can significantly reduce their energy consumption, lower their energy bills, and decrease their carbon emissions. NETenergy's approach aims to enhance energy efficiency in commercial and residential buildings, contributing to a more sustainable energy future.

AMPY

Seed Round in 2015
AMPY is a wearable motion charger that captures its users’ energy from daily activities to charge their smartphones. The wearable device has won numerous awards, and the team was named to Forbes 30 under 30 in Energy. Its team is already scaling down the technology inside of AMPY to power wearable devices AMPY was founded in 2013 by Tejas Shastry, Mike Geier, and Alex Smith. It is based in Chicago, I.L.

NanoGraf

Convertible Note in 2015
NanoGraf Corporation is a materials science company based in Chicago, Illinois, focused on the development and commercialization of advanced materials for the energy storage market. Founded in 2012, the company specializes in silicon-graphene electrode materials designed for lithium-ion batteries, which offer higher energy density and reduced charging times compared to traditional graphitic-based anodes. These innovative materials have potential applications across various sectors, including consumer electronics and electric vehicles. NanoGraf's technology aims to enhance battery capacity while enabling cost-effective production through a chemistry-based manufacturing process.

Agentis Energy

Grant in 2014
Agentis, Inc. is a technology company based in Chicago that specializes in developing software solutions for energy providers. Founded in 2009, Agentis offers a suite of software as a service (SaaS) products designed to enhance customer engagement and improve energy management. Its offerings include a customer engagement portal, business energy report builder, advisor portal, and contractor connect, all of which leverage advanced metering infrastructure (AMI) data. The platform enables utilities to better understand and engage their business customers, facilitating cost savings and operational efficiency. By providing tools for data analysis, customer engagement, and energy consumption reporting, Agentis empowers utilities to effectively manage energy usage and drive customer action in addressing complex energy challenges.

AMPY

Grant in 2014
AMPY is a wearable motion charger that captures its users’ energy from daily activities to charge their smartphones. The wearable device has won numerous awards, and the team was named to Forbes 30 under 30 in Energy. Its team is already scaling down the technology inside of AMPY to power wearable devices AMPY was founded in 2013 by Tejas Shastry, Mike Geier, and Alex Smith. It is based in Chicago, I.L.
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