Shell E4

Shell E4, established in 2017 and located in Bengaluru, India, is an accelerator focused on fostering innovation in clean technology and sustainability. The firm invests in ventures that address pressing environmental challenges, including waste management, plastic circularity, and carbon capture technologies. Additionally, Shell E4 seeks to support advancements in machine learning solutions aimed at achieving net-zero emissions, as well as developments in electric vehicle charging infrastructure and battery swapping. By prioritizing investments in these areas, Shell E4 aims to empower energy entrepreneurs and facilitate the adoption of transformative technologies that contribute to a more sustainable future.

Peter van Giessel

Venture Principal

Robert Linck

CFO and Chief Investment Director

Geert van de Wouw

Managing Director and Vice President

Past deals in Renewables

Zap Energy

Series D in 2024
Zap Energy, Inc., founded in 2017 and headquartered in Seattle, Washington, specializes in the design and manufacture of sheared-flow stabilized Z-Pinch fusion reactors for power generation. The company’s innovative technology utilizes electric currents to create magnetic fields that confine and compress plasma, enabling efficient energy production through nuclear fusion. This approach offers a low-carbon, cost-effective, and flexible power source while requiring less capital investment compared to traditional fusion methods. By focusing on compact and scalable fusion technology, Zap Energy aims to advance sustainable energy solutions and improve the economics of fusion energy.

Mantel

Series A in 2024
Mantel proposes a method to trap CO2 before it enters the atmosphere.

Li Industries

Series B in 2024
Li Industries is a start-up dedicated to advancing lithium-ion battery recycling technologies. The company focuses on reclaiming materials from end-of-life batteries used in electric vehicles, consumer electronics, and various energy storage systems. By utilizing direct recycling technology, Li Industries specializes in recovering valuable metals such as lithium, cobalt, and nickel, which are essential for battery production. Their innovative electrochemical flow system allows for non-destructive lithiation and optimizes the post-treatment of recovered materials, enhancing the efficiency of the recycling process. Through its efforts, Li Industries aims to minimize environmental waste, lower emissions, and reduce the costs associated with lithium-ion battery manufacturing, thereby promoting a more sustainable supply chain for battery materials.

Soly

Series B in 2024
Soly is an international Clean Energy Tech company with a mission to make solar energy available to everyone. The company was founded in the summer of 2013 by brothers Patrick and Milan van der Meulen. The brothers were inspired at a young age by Al Gore’s documentary “An Inconvenient Truth” and have since decided to use their entrepreneurship ‘As a force for good’. The company is today one of the European market leaders in the field of decentralized energy generation and storage through solar panels, batteries and charging stations. Soly focuses on the residential and business markets and is active in the Netherlands, South Africa (2019), Belgium (2022), Germany (2023) and the United Kingdom (2023). By developing its proprietary software platform, Soly is one of the most capital-efficient energy providers, with only 140 employees across five countries. The Soly platform won a spot in the Deloitte Technology Fast50 in 2021. Soly is an impact driven company and since 2018 B Corp certified. B Corp is an international label for companies that strive for the highest standards of sustainability, financial transparency, and social justice.

Ecoil

Venture Round in 2023
Ecoil is an oil recycling company focused on converting agricultural waste into sustainable energy solutions. The company collects used cooking oil from restaurants and processes it into biodiesel, thereby addressing the need for proper disposal and recycling of waste oils and fats. By providing this service, Ecoil not only helps businesses manage their waste effectively but also contributes to reducing environmental impact and promoting a more sustainable future. Through its efforts, Ecoil aims to support environmentally and socially responsible practices in energy generation.

Agricarbon

Series A in 2023
Validation of soil carbon capture and storage for farms & carbon markets

Ionomr

Series A in 2023
Ionomr is pioneering and commercializing the world's most advanced ion-exchange materials. These provide an enabling platform for clean tech solutions after more than five decades of stagnation in available materials. Using our deep knowledge of scalable electrochemical systems, we enable more efficient systems that will lead to the decarbonization of the planet for future generations. To date, electrochemical applications in the clean tech realm use materials that contain toxic fluorinated chemicals (PFCs). PFCs leach into water sources and bioaccumulate for hundreds of years, having a dire impact on human health and the entire ecosystem. We are driven to replace these materials with our environmentally friendly hydrocarbon alternatives that reduce pollution at the source, and are proven to be more durable and efficient than incumbent materials. Ionomr's membranes and polymers are highly processable, which allow for simple integration into electrochemical systems. We enable optimal performance in applications for chemical & water remediation, energy storage and hydrogen. We are passionate about empowering the development of resilient and sustainable systems that will underlie the future of the renewable energy and circular chemical economies.

Princeton NuEnergy

Series A in 2023
Princeton NuEnergy is a clean-tech startup specializing in the direct recycling of lithium-ion batteries from electric vehicles and consumer electronics. The company utilizes patented Direct Battery Recycling technology to produce high-quality cathode active materials at low operating costs from spent batteries. This innovative process allows for the regeneration of cathodes, anodes, electrolytes, solvents, and other materials, enabling clients to restore battery components without fully breaking down their chemical structures. By providing sustainable energy solutions, Princeton NuEnergy addresses environmental challenges associated with battery waste and promotes a circular economy in the battery industry.

Xcharge

Series C in 2023
XCharge is a prominent provider of high-power electric vehicle (EV) charging solutions, established in 2015. The company focuses on the design, manufacturing, and sales of advanced EV charging infrastructure, including its C6 and C7 series of DC fast chargers and the Net Zero Series, which integrates battery storage technology. XCharge aims to enhance the EV charging experience for energy companies, fleet operators, and parking lot managers across over 25 countries. By combining hardware and software solutions, the company seeks to maximize charging revenue while minimizing maintenance costs. Its innovative approach allows for scalable, cost-effective installations tailored for diverse grid conditions, facilitating a smoother transition to clean transportation in North America. With a team of experienced professionals, XCharge is dedicated to addressing the challenges of EV infrastructure and promoting sustainable energy practices.

Kraftblock

Series B in 2023
Kraftblock specializes in developing innovative thermal energy storage systems that facilitate the transition to renewable energy for various industries. By focusing on a materials-development approach, the company offers efficient and sustainable solutions for decarbonizing heat processes, addressing the urgent need to combat the climate crisis. Kraftblock's unique technology enables the storage and delivery of heat at temperatures up to 1300°C, making it suitable for a wide range of industrial applications that traditional thermal storage systems cannot support. In addition to promoting sustainable practices, Kraftblock's systems also enhance safety by providing reliable solutions during fire outbreaks, positioning the company as a key player in the energy transition towards 100% renewable sources.

Verdagy

Series B in 2023
Verdagy is focused on advancing water electrolysis technology to enable large-scale production of green hydrogen. Based in Moss Landing, California, the company develops high-performance cells, electrolyzers, and plants aimed at achieving low upfront capital and operating costs. Their innovative approach positions them to offer competitive unit economics in hydrogen production, making it more accessible for various industries to adopt clean energy solutions. Verdagy operates laboratory and pilot plant facilities to support the rapid scaling of its technology platform.

DexMat

Seed Round in 2023
DexMat specializes in the production of Galvorn, a high-performance conductive carbon nanomaterial that surpasses traditional materials in strength, weight, and durability. Galvorn is ten times stronger than steel, half the weight of aluminum, and offers a flex life that is one hundred times greater than copper. This innovative material is designed to replace heavy and environmentally damaging metals across various industries, including sporting goods, e-textiles, electronics, energy, aerospace, and automotive sectors. DexMat manufactures Galvorn as fibers, yarns, films, and fabrics, providing a lightweight and flexible alternative to conventional metals. The company's commitment to sustainability is evident in its carbon-negative production processes, positioning Galvorn as a key player in reducing carbon emissions on a global scale.

Strohm

Venture Round in 2022
Strohm is a private supply chain company, focused on the offshore wind-to-hydrogen sector.

RepAir

Series A in 2022
RepAir is at the forefront of advancing a carbon-negative future through its innovative carbon removal technology. The company has developed an electrochemical device that effectively captures carbon dioxide from the atmosphere by utilizing electricity. This process involves drawing in ambient air and passing it through a specialized membrane that selectively separates carbon dioxide, allowing clean air to be released back into the environment. RepAir's fully electric and zero-heat technology is designed for large-scale deployment, emphasizing environmental sustainability while minimizing energy consumption. Importantly, the system operates without the use of liquids, solvents, or hazardous materials, producing no waste and supporting clients in reducing their carbon footprints and energy costs.

Mainspring

Series E in 2022
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.

Strohm

Venture Round in 2022
Strohm is a private supply chain company, focused on the offshore wind-to-hydrogen sector.

Li Industries

Series A in 2022
Li Industries is a start-up dedicated to advancing lithium-ion battery recycling technologies. The company focuses on reclaiming materials from end-of-life batteries used in electric vehicles, consumer electronics, and various energy storage systems. By utilizing direct recycling technology, Li Industries specializes in recovering valuable metals such as lithium, cobalt, and nickel, which are essential for battery production. Their innovative electrochemical flow system allows for non-destructive lithiation and optimizes the post-treatment of recovered materials, enhancing the efficiency of the recycling process. Through its efforts, Li Industries aims to minimize environmental waste, lower emissions, and reduce the costs associated with lithium-ion battery manufacturing, thereby promoting a more sustainable supply chain for battery materials.

Aurora Hydrogen

Series A in 2022
Aurora Hydrogen is focused on advancing hydrogen production technology that leverages efficient microwave energy to create clean hydrogen. This innovative approach is designed to decarbonize transportation and industrial processes, allowing for significant reductions in carbon dioxide emissions. The technology is highly scalable, making it suitable for a range of applications from small fueling stations to large industrial setups. Notably, Aurora Hydrogen's production process does not generate carbon dioxide or consume water, positioning the company as a key player in efforts to mitigate climate change by potentially reducing global carbon dioxide emissions by over 500 million tonnes annually.

Zap Energy

Series C in 2022
Zap Energy, Inc., founded in 2017 and headquartered in Seattle, Washington, specializes in the design and manufacture of sheared-flow stabilized Z-Pinch fusion reactors for power generation. The company’s innovative technology utilizes electric currents to create magnetic fields that confine and compress plasma, enabling efficient energy production through nuclear fusion. This approach offers a low-carbon, cost-effective, and flexible power source while requiring less capital investment compared to traditional fusion methods. By focusing on compact and scalable fusion technology, Zap Energy aims to advance sustainable energy solutions and improve the economics of fusion energy.

Princeton NuEnergy

Seed Round in 2022
Princeton NuEnergy is a clean-tech startup specializing in the direct recycling of lithium-ion batteries from electric vehicles and consumer electronics. The company utilizes patented Direct Battery Recycling technology to produce high-quality cathode active materials at low operating costs from spent batteries. This innovative process allows for the regeneration of cathodes, anodes, electrolytes, solvents, and other materials, enabling clients to restore battery components without fully breaking down their chemical structures. By providing sustainable energy solutions, Princeton NuEnergy addresses environmental challenges associated with battery waste and promotes a circular economy in the battery industry.

Hydrogen Mem-Tech

Venture Round in 2022
Hydrogen Mem-Tech aim is to make the green shift happen through our state-of-the-art hydrogen separation technology with carbon capture.

Flair

Series A in 2022
Flair makes smart vents and wireless thermostats and advanced software for residential heating and cooling. The company builds smart hardware and software for HVAC controls focused on efficiency, comfort, electrification, and smart grid integration. The company's products are sold through multiple channels including direct to consumer, HVAC distribution, and utilities.

Soly

Series A in 2022
Soly is an international Clean Energy Tech company with a mission to make solar energy available to everyone. The company was founded in the summer of 2013 by brothers Patrick and Milan van der Meulen. The brothers were inspired at a young age by Al Gore’s documentary “An Inconvenient Truth” and have since decided to use their entrepreneurship ‘As a force for good’. The company is today one of the European market leaders in the field of decentralized energy generation and storage through solar panels, batteries and charging stations. Soly focuses on the residential and business markets and is active in the Netherlands, South Africa (2019), Belgium (2022), Germany (2023) and the United Kingdom (2023). By developing its proprietary software platform, Soly is one of the most capital-efficient energy providers, with only 140 employees across five countries. The Soly platform won a spot in the Deloitte Technology Fast50 in 2021. Soly is an impact driven company and since 2018 B Corp certified. B Corp is an international label for companies that strive for the highest standards of sustainability, financial transparency, and social justice.

GridPoint

Private Equity Round in 2022
GridPoint, Inc. specializes in energy management solutions that utilize real-time data collection, big data analytics, and cloud computing to enhance energy efficiency and sustainability for various industries. The company offers a comprehensive range of products, including energy management hardware like submeters and advanced monitoring devices, as well as the GridPoint Energy Manager software platform that allows users to oversee energy-consuming assets such as HVAC and lighting systems. Additionally, GridPoint provides mobile applications for on-the-go access to site details and real-time data. Their services encompass customer support, consultative energy advisory, control support, and site monitoring. GridPoint serves a diverse clientele, including retailers, grocery stores, restaurants, commercial enterprises, government entities, and educational institutions. Founded in 2003 and headquartered in Reston, Virginia, with an additional office in Roanoke, GridPoint operates as a subsidiary of Twenty First Century Utilities, LLC.

Antora Energy

Series A in 2022
Antora Energy specializes in providing zero-carbon industrial heat and power solutions for heavy industries, aiming to replace fossil fuels with cleaner alternatives. The company has developed innovative thermal batteries that utilize excess electricity generated from solar and wind sources. These batteries store thermal energy by heating blocks of carbon, which can then be used to produce reliable power and heat. By integrating renewable resources into the electricity grid, Antora enables industries to achieve sustainable and dependable energy solutions while significantly reducing carbon emissions.

Offgrid Energy Labs

Seed Round in 2022
Offgrid Energy Labs specializes in the development of energy storage battery technology aimed at creating efficient and safe batteries for a sustainable future. The company focuses on innovating chemistry, materials, and design using eco-friendly and readily available resources. Its technology provides cost-effective and low-maintenance renewable energy storage solutions, which are particularly beneficial for microgrids. Offgrid Energy Labs also offers improved alternatives for electric vehicles and enhances capabilities for grid balancing. By surpassing traditional lead-acid batteries in power density, battery life, and overall cost, the company positions itself as a leader in the transition to advanced energy storage systems.

Heaten

Series A in 2022
Heaten is an industrial start-up focused on accelerating the electrification of heat to support deep decarbonization across various industries. With eight years of research and development, Heaten specializes in heat-to-power and power-to-heat technologies, particularly through its innovative piston compressor heat pumps. These systems are designed for industrial-scale applications and can achieve process temperatures of up to 400 degrees Celsius, addressing approximately 30% of the energy demand for industrial heating processes. The company's technology platform not only enhances efficiency but also aims to provide sustainable and reliable heating solutions. Heaten has successfully completed the full cycle of R&D, prototyping, and engineering, delivering 200kW heat pumps and industrial equipment to clients. As Heaten seeks to scale its platform, it remains committed to advancing its research and development efforts to meet industry requirements and maintain a competitive edge in the medium-temperature process heat market.

Ionomr

Series A in 2022
Ionomr is pioneering and commercializing the world's most advanced ion-exchange materials. These provide an enabling platform for clean tech solutions after more than five decades of stagnation in available materials. Using our deep knowledge of scalable electrochemical systems, we enable more efficient systems that will lead to the decarbonization of the planet for future generations. To date, electrochemical applications in the clean tech realm use materials that contain toxic fluorinated chemicals (PFCs). PFCs leach into water sources and bioaccumulate for hundreds of years, having a dire impact on human health and the entire ecosystem. We are driven to replace these materials with our environmentally friendly hydrocarbon alternatives that reduce pollution at the source, and are proven to be more durable and efficient than incumbent materials. Ionomr's membranes and polymers are highly processable, which allow for simple integration into electrochemical systems. We enable optimal performance in applications for chemical & water remediation, energy storage and hydrogen. We are passionate about empowering the development of resilient and sustainable systems that will underlie the future of the renewable energy and circular chemical economies.

Daphne Technology

Series B in 2021
Daphne Technology SA is a climate technology company based in Ecublens, Switzerland, founded in 2017. The company specializes in developing a catalyst-free, nano-technology aimed at reducing air emissions for industries such as petrochemical, power, and transportation. Its patented solutions are designed to be miniaturized, making them particularly suitable for marine vessels. By effectively breaking down toxic pollutants into non-hazardous elements, the technology not only meets international and national regulatory requirements but also offers significant cost advantages. It allows for a substantial reduction in operating costs without necessitating a change in fuel type, thereby enabling cleaner emissions for ships using current and future fuels, including ammonia and hydrogen.

AutoGrid

Series D in 2021
AutoGrid is a company that specializes in energy data management and big data analytics to enhance the efficiency of energy delivery. Founded in 2011 at Stanford University, AutoGrid develops a suite of applications aimed at managing distributed energy resources (DERs) in real time. These applications allow utilities, electricity retailers, and energy service providers to optimize energy distribution by leveraging vast amounts of data from smart meters, sensors, and third-party sources. By employing advanced algorithms and data science techniques, AutoGrid enables clients to monitor, predict, and control energy assets across global networks, ultimately facilitating the delivery of clean, affordable, and reliable energy. The team comprises skilled software architects, engineers, data scientists, and energy experts dedicated to addressing critical challenges in the energy sector.

Ample

Series C in 2021
Ample, Inc. is a San Francisco-based company that specializes in electric battery stations and offers innovative battery swap solutions for electric vehicles. Founded in 2014, Ample operates within the smart energy sector, focusing on enhancing energy delivery for electric transportation. The company employs autonomous robotics and advanced battery technology to facilitate efficient energy exchange. Ample's unique battery system utilizes smaller, interchangeable battery modules, allowing compatibility with a diverse range of vehicles. This approach aims to streamline the charging process, making electric vehicle use more accessible and convenient for consumers.

Xcharge

Series B in 2021
XCharge is a prominent provider of high-power electric vehicle (EV) charging solutions, established in 2015. The company focuses on the design, manufacturing, and sales of advanced EV charging infrastructure, including its C6 and C7 series of DC fast chargers and the Net Zero Series, which integrates battery storage technology. XCharge aims to enhance the EV charging experience for energy companies, fleet operators, and parking lot managers across over 25 countries. By combining hardware and software solutions, the company seeks to maximize charging revenue while minimizing maintenance costs. Its innovative approach allows for scalable, cost-effective installations tailored for diverse grid conditions, facilitating a smoother transition to clean transportation in North America. With a team of experienced professionals, XCharge is dedicated to addressing the challenges of EV infrastructure and promoting sustainable energy practices.

GreenCom Networks

Venture Round in 2020
GreenCom Networks is a leading energy IoT company, with offices in Munich, Germany, and Sophia-Antipolis, France. Since 2011, GreenCom has been developing the energy system of the future. Using its Energy Information Brokerage Platform, GreenCom integrates distributed assets like Solar PV, battery storage, electric vehicles and heat pumps. Based on its platform, GreenCom enables white-label end customer services like energy communities, energy flat rates, as well as optimisation and visualisation of energy flows in homes for utilities and manufacturers of energy-relevant devices.

Palmetto Clean Technology

Series B in 2020
Just as technology has advanced society and delivered exciting consumer products, like Tesla cars and the iPhone, tech innovation is empowering homeowners across the country to join the New Utility Revolution. Palmetto’s clean energy marketplace and custom software tools help homeowners quickly estimate utility cost-savings and get renewable energy sources up and running, with ongoing data insights and support. For individuals, this innovation means lower utility bills, more transparency, control over energy use, increase in property value, and protection against power outages. When adopted en masse, a clean energy shift is a major step towards combating climate change and achieving American energy independence.

Energos

Pre Seed Round in 2020
Energos develops a unified platform and edge AI for managing EV charging infrastructure and microgrids. The company's platform enables seamless integration with various electric vehicle chargers, storage systems, PV systems, HVAC, and other technologies. This allows retailers such as fuel service stations, convenience stores, EV charging and battery swap stations, hydrogen and CNG stations, and utilities to establish and manage multiple energy choices for EV car owners.

FORGE Hydrocarbons

Venture Round in 2020
FORGE Hydrocarbons Corporation is a University of Alberta spin-off company based on a proprietary Lipid-to-Hydrocarbon (LTH) technology that offers an innovative approach to producing a cost effective drop-in renewable diesel fuel.

Offgrid Energy Labs

Pre Seed Round in 2020
Offgrid Energy Labs specializes in the development of energy storage battery technology aimed at creating efficient and safe batteries for a sustainable future. The company focuses on innovating chemistry, materials, and design using eco-friendly and readily available resources. Its technology provides cost-effective and low-maintenance renewable energy storage solutions, which are particularly beneficial for microgrids. Offgrid Energy Labs also offers improved alternatives for electric vehicles and enhances capabilities for grid balancing. By surpassing traditional lead-acid batteries in power density, battery life, and overall cost, the company positions itself as a leader in the transition to advanced energy storage systems.

Orb Energy

Corporate Round in 2019
Orb Energy specializes in providing affordable renewable energy solutions for off-grid households in India, primarily through solar home systems. The company offers these systems at a cost of USD 4 per month, catering to low-income customers by leveraging a robust retail distribution network. Currently operating 90 branches, Orb Energy plans to expand significantly, aiming to double its branches and workforce within the next two years, thereby reaching an estimated 250,000 individuals. In addition to solar home systems, Orb Energy is involved in the design, manufacture, installation, and servicing of solar photovoltaic systems for power generation, as well as solar thermal systems for hot water and related lighting components and appliances.

Punjab Renewable Energy Systems

Series B in 2019
Punjab Renewable Energy Systems Private Limited specializes in biomass management and bio-energy services. Founded in 2011 and based in Navi Mumbai, the company focuses on various aspects of biomass, including its plantation, procurement, storage, processing, and supply. Its offerings encompass bio-energy generation, briquetting and pelleting, as well as steam supply contracts. The company also provides project management consultancy, energy audits, and technical consultations related to biomass. Additionally, Punjab Renewable Energy Systems manages the entire supply chain for biomass, ensuring efficient aggregation, transportation, and storage to meet the fuel needs of independent power plants and co-generation facilities. Through these services, the company aims to optimize the use of biomass for energy production.

Salient Energy

Seed Round in 2019
Salient Energy is commercializing a revolutionary new battery based on research at the University of Waterloo. Their zinc-ion battery is perfectly suited, both technically and economically, for storing electricity in the grid. The company's proprietary cathode materials store energy in zinc in a way that has never been commercialized before – Salient Energy has made unique cathode materials that can actually incorporate zinc in their crystal lattice instead of just reacting on the surface. This allows the batteries to have a relatively high energy density. It also allows the user to use of traditional battery designs that are compatible with standard manufacturing equipment. This means that the cheaper, safer, and the longer-lasting battery can be made in existing battery factories around the world.

Ziptrax CleanTech

Seed Round in 2019
Ziptrax CleanTech specializes in Closed Loop Recycling for lithium-ion batteries, focusing on the recovery of valuable metals such as lithium, cobalt, nickel, and manganese. This process supports various applications, including electric vehicles, renewable energy grids, and consumer electronics. The company employs a Cradle-to-Grave approach that not only reduces costs for manufacturers and distributors but also offers significant benefits to end-users. Additionally, Ziptrax CleanTech utilizes artificial intelligence to enhance battery longevity through a digital platform that facilitates the collection and recycling of used lithium-ion batteries. These batteries undergo extensive testing and quality checks before being repurposed for second-use applications in e-mobility and energy storage, thereby contributing to sustainable practices in the industry.

Corvus Energy

Venture Round in 2019
Corvus Energy Ltd. specializes in the research, development, manufacture, and supply of energy storage solutions tailored for marine, oil and gas, and port applications. Founded in 2009 and headquartered in Richmond, Canada, the company utilizes lithium-ion battery technologies to create modular energy storage systems that deliver reliable and safe power for hybrid and electric propulsion. These systems are designed to support various sectors, including cruise and ferry, offshore, fishing, aquaculture, tugs, workboats, and merchant shipping. In addition to its products, Corvus Energy offers a range of services such as technical support, spare parts, field service, training, consulting, and upgrades. The company's innovative solutions enable significant energy savings and contribute to clean energy leadership within the industry, providing clients with strong returns on investment.

SteamaCo

Series B in 2019
At the last mile, where the O&M costs are high and connectivity is scarce, live two billion underserved energy consumers. SteamaCo offers the world’s most data-efficient energy management system, enabling utilities to operate in previously unreachable places.

Innowatts

Series B in 2019
Innowatts, Inc. is a Houston-based company founded in 2013 that specializes in software solutions for energy management. The company develops the PowerEASE platform, which focuses on load forecasting, energy risk optimization, and infrastructure planning. Innowatts leverages advanced data analytics and machine learning to assist energy retailers and utility companies in managing their operations effectively. Its eUtility technology platform utilizes data from over 34 million meters to enhance grid reliability and profitability while promoting sustainability. The company's customer base includes retail energy providers, regulated utility companies, regulatory boards, and residential communities, all benefiting from Innowatts' insights to improve customer relationships and adapt to the evolving energy landscape.

Nordsol

Private Equity Round in 2019
Nordsol is a Dutch company based in Bunnik, founded in 2009, that specializes in the development and production of biofuels derived from organic waste. The company produces BioLNG, or liquefied biomethane, which is a CO2-neutral biofuel created by converting biogas through its proprietary iLNG technology. Nordsol collaborates with dedicated BioLNG clients who help mitigate trading risks and secure fixed offtake volumes. This unique combination of innovative patented technologies and financial support enables Nordsol to establish and operate its own BioLNG facilities in partnership with biogas production providers, creating a robust business framework for sustainable energy solutions.

SET Ventures

Funding Round in 2019
SET Ventures is a venture capital firm based in Amsterdam, founded in 2007, that focuses on investing in early to growth-stage companies dedicated to creating sustainable solutions for a carbon-free energy system. The firm emphasizes digital technology and innovative business models within the information communication and technology, smart energy, and energy sectors. Its investment areas include energy generation, distribution, and storage, with a particular interest in renewable energy sources such as solar, wind, and bioenergy. SET Ventures targets companies that offer intelligent software and services, smart cities, and energy efficiency technologies, as well as those involved in electric mobility and advanced energy storage solutions. By investing primarily in European companies, SET Ventures aims to support pioneering founders with capital, community, and insights to drive systemic change in how energy is generated, distributed, stored, and consumed. Investments typically range from €0.5 million to €6 million per company, and the firm often seeks a supervisory board seat to provide strategic guidance.

AutoGrid

Series D in 2019
AutoGrid is a company that specializes in energy data management and big data analytics to enhance the efficiency of energy delivery. Founded in 2011 at Stanford University, AutoGrid develops a suite of applications aimed at managing distributed energy resources (DERs) in real time. These applications allow utilities, electricity retailers, and energy service providers to optimize energy distribution by leveraging vast amounts of data from smart meters, sensors, and third-party sources. By employing advanced algorithms and data science techniques, AutoGrid enables clients to monitor, predict, and control energy assets across global networks, ultimately facilitating the delivery of clean, affordable, and reliable energy. The team comprises skilled software architects, engineers, data scientists, and energy experts dedicated to addressing critical challenges in the energy sector.

Ample

Series A in 2018
Ample, Inc. is a San Francisco-based company that specializes in electric battery stations and offers innovative battery swap solutions for electric vehicles. Founded in 2014, Ample operates within the smart energy sector, focusing on enhancing energy delivery for electric transportation. The company employs autonomous robotics and advanced battery technology to facilitate efficient energy exchange. Ample's unique battery system utilizes smaller, interchangeable battery modules, allowing compatibility with a diverse range of vehicles. This approach aims to streamline the charging process, making electric vehicle use more accessible and convenient for consumers.

Sonnen

Series E in 2018
Sonnen is a developer of solar-based energy storage systems that provide clean and affordable energy solutions for residential homes, agricultural farms, and commercial enterprises. Since the introduction of the Sonnenbatterie in Germany and Austria in 2011, the company has focused on integrating energy storage with home automation platforms. This integration allows users to actively manage their energy consumption, optimizing the use of energy harvested from solar photovoltaic systems or the grid. Sonnen's offerings extend beyond simple storage, incorporating features such as smart metering and virtual power plant integration, designed to enhance energy management and provide tailored solutions for various energy needs.

SteamaCo

Series A in 2017
At the last mile, where the O&M costs are high and connectivity is scarce, live two billion underserved energy consumers. SteamaCo offers the world’s most data-efficient energy management system, enabling utilities to operate in previously unreachable places.

Kite Power Systems

Venture Round in 2016
Kite Power Systems, founded in 2011 in Burnham-on-Crouch, Essex, UK, specializes in developing an innovative solution for harnessing wind energy through a twin-kite system. This technology aims to provide a reliable and efficient means of generating clean energy at a utility scale, significantly reducing costs compared to traditional wind turbines while utilizing 85 percent less material. The company’s kite arrays can be deployed both onshore and offshore, making them suitable for locations where conventional wind energy systems are impractical. By offering a sustainable alternative, Kite Power Systems seeks to reduce dependency on fossil fuels and mitigate the impacts of climate change. The technology is supported by extensive testing and development, as well as funding from the UK Department of Energy and Climate Change Energy Entrepreneurs Fund and various private investors.

WellDog

Venture Round in 2014
WellDog is an energy-focused technical services company founded in 1999, dedicated to facilitating sustainable energy resource development through innovative technologies. The company specializes in chemical and natural gas exploration services aimed at enhancing the management of carbon-sensitive activities. WellDog's proprietary Reservoir Raman chemical sensing systems enable commercial reservoir analysis for various resources, including coal, gas, and alternative energy sources. By providing services such as carbon tracking and geophysical processes, WellDog aims to improve production efficiency while minimizing environmental impact, particularly in coal-bed methane operations. This approach allows gas exploration companies to reduce their carbon footprint, thereby promoting responsible and efficient energy exploration and production.

Aquion Energy

Series E in 2014
Aquion Energy is a manufacturer of innovative energy storage solutions, specializing in sodium ion batteries designed for long-duration stationary energy storage. The company's proprietary Aqueous Hybrid Ion (AHI™) battery technology, developed from research by Carnegie Mellon University Professor Jay Whitacre, addresses the limitations of conventional energy storage systems. Aquion's batteries are safe, reliable, and environmentally friendly, utilizing non-toxic components such as saltwater, and they are free from heavy metals and toxic chemicals. These features make the AHI systems non-flammable and non-explosive, positioning them as a sustainable alternative for clients seeking to decrease reliance on fossil fuels. By optimizing existing grid-tied generation assets, Aquion Energy enhances the flexibility and efficiency of the electrical grid, facilitating the broader adoption of renewable energy technologies.

GlassPoint Solar

Series C in 2014
GlassPoint Solar, Inc. specializes in the design, manufacture, and installation of solar thermal steam generators tailored for the oil and gas industry globally. The company focuses on providing solar steam for enhanced oil recovery (EOR) applications, significantly reducing gas consumption by up to 80% compared to traditional gas-fired steam generation. GlassPoint serves a diverse clientele, including independent producers, national oil companies, and various manufacturing sectors, with a particular emphasis on regions such as Southern California, North Africa, Western China, and Madagascar. Founded in 2008 and headquartered in Fremont, California, GlassPoint also maintains regional offices in Muscat, Oman; Kuwait City, Kuwait; Bakersfield, California; Santiago, Chile; and Shenzhen, China.

Next Step Living

Series D in 2014
Next Step Living provides home energy evaluations and solutions for individuals and organizations. It offers energy assessment and diagnostics, air sealing and insulation, and multi-family retrofit services. The company also provides customized solutions, such as HVAC repair and replacement, window replacement and installation, solar or geothermal systems installation, building automation, interior and exterior lighting design, and custom retrofit services. Its sustainability solutions include water efficiency and purification, landscape design and management, and indoor air quality services. The company provides assessment and diagnostic processes to heating and cooling, domestic hot water, and electricity and lighting needs. Next Step Living partners with more than 400 municipalities, civic organizations, contractors, and corporations to deliver energy-efficient and environmental-friendly solutions to its customers. Those solutions include home energy assessments, weatherization work, energy-efficient windows, efficient heating, and cooling solutions, and access to solar solutions. Next Step Living was founded in 2008 by Geoff Chapin and is based in Boston, Massachusetts.

TGS

Convertible Note in 2014
TGS specializes in providing scientific data and intelligence tailored for the energy sector. The company offers a wide range of services, including marine data acquisition using advanced ocean bottom node technology, which enhances subsurface imaging for oil and gas exploration and production. TGS's offerings extend to engineering and well data, carbon storage monitoring, geothermal and wind energy solutions, and products for geothermal exploration. Additionally, the company focuses on deep-sea mineral mapping and offers expertise in geophysics and geology. Their comprehensive services also include research and development, earth modeling, and various imaging technologies, all aimed at supporting energy companies in optimizing resource management and mitigating risks associated with energy production and environmental impact.

2-B Energy

Series B in 2014
2-B Energy specialises in the design and performance of offshore wind turbines.

SURGE Accelerator

Venture Round in 2014
Based in Houston, Texas, "The Energy Capital of the World", SURGE is a leading seed fund and mentor-driven accelerator that identifies, invests in, and enables entrepreneurs who are solving the world's energy problems. SURGE identifies leaders, validates business models, raises capital, and connects startups to customers and the global energy ecosystem. SURGE has recruited over 150 of the world's top scientists, engineers, executives, entrepreneurs, venture capitalists, and angel investors to serve as mentors. SURGE is ranked in the Top Ten accelerators in the US. Since May 2012, portfolio companies have raised Seed and Series A funding of over $25M. Join SURGE and elevate your business to the next level! The 4-month SURGE program is designed to provide 3 stages of support: Market Validation - SURGE helps companies develop relationships with mentors and industry experts who will provide expert feedback on all aspects of the business. Companies solicit feedback, refine their business models, and develop market entry strategies. Scaling Operations - SURGE makes crucial customer introductions to help companies land pilot projects and enter new markets. Mentors help companies address the new challenges that accompany scaling a business. Raising Capital - SURGE prepares entrepreneurs to raise funding after they graduate from the program. Each company presents at SURGE Day in front of a targeted audience of 500+ investors, industry executives, and media. SURGE also helps with investor introductions, term sheet negotiations, and due diligence preparation. ABOUT THE PROGRAM: Applications open August 13, 2014 Program runs from February 16, 2015 - June 17, 2015 SURGE Day is on May 19, 2015 Startups receive $30K in seed capital

GlassPoint Solar

Series B in 2012
GlassPoint Solar, Inc. specializes in the design, manufacture, and installation of solar thermal steam generators tailored for the oil and gas industry globally. The company focuses on providing solar steam for enhanced oil recovery (EOR) applications, significantly reducing gas consumption by up to 80% compared to traditional gas-fired steam generation. GlassPoint serves a diverse clientele, including independent producers, national oil companies, and various manufacturing sectors, with a particular emphasis on regions such as Southern California, North Africa, Western China, and Madagascar. Founded in 2008 and headquartered in Fremont, California, GlassPoint also maintains regional offices in Muscat, Oman; Kuwait City, Kuwait; Bakersfield, California; Santiago, Chile; and Shenzhen, China.
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