BlueScopeX

BlueScopeX, established in 2021, is the corporate venture capital arm of BlueScope Steel, located in Melbourne, Australia. The company focuses on investing in innovations that promote decarbonization across the steel production value chain, as well as technologies that enhance building and construction processes. BlueScopeX targets a diverse range of sectors, including iron and steel, electricity generation and storage, green hydrogen production, waste reduction, and advanced robotics. It aims to support companies that are developing solutions in hardware, artificial intelligence, raw materials, gas, and heat reuse, thereby contributing to a more sustainable future in the industrial landscape.

Andrew Garey

Partner

6 past transactions

Cool Planet Technologies

Series A in 2024
Cool Planet Technologies specializes in advanced carbon capture solutions, utilizing a proprietary membrane-based technology to efficiently absorb carbon dioxide from industrial flue gas emissions. The company employs the PolyActive membrane, developed by Helmholtz-Zentrum Hereon, to enhance the cost-effectiveness and energy efficiency of carbon dioxide removal. This innovative approach allows for the capture of carbon dioxide in both gas and liquid forms, ensuring high purity levels. By offering rapid operational flexibility, including quick start-up and shut-down capabilities, Cool Planet Technologies provides industries with effective tools to meet their carbon reduction goals and contribute to environmental sustainability.

Green Gravity

Series A in 2024
Green Gravity is an electric power generation company focused on facilitating the transition to renewable energy through innovative energy storage solutions. The company specializes in gravitational energy storage, utilizing a unique technology that involves raising and lowering heavy weights in a mine shaft. This process captures and releases gravitational energy, offering a sustainable and cost-effective energy storage option. By providing clients with flexible energy storage capabilities, Green Gravity aims to contribute to a greener energy landscape and support the growing demand for low-carbon energy solutions.

XGS Energy

Venture Round in 2024
XGS Energy is a geothermal heat harvesting technology company focused on providing competitively priced renewable energy solutions. The company specializes in developing advanced technologies that enable the safe extraction of geothermal heat and power from deep earth formations worldwide. By utilizing these innovative methods, XGS Energy aims to deliver clean, green, and climate-friendly energy that is both affordable and accessible, contributing to the global transition toward sustainable energy sources.

CLT Toolbox

Seed Round in 2023
CLT Toolbox offers sustainable design of structural materials, using software to clear through the clutter and make design simple. CLT Toolbox is building structural design software to make mass timber as easy as concrete or steel.

Yotta Energy

Venture Round in 2023
Yotta Energy Inc. specializes in manufacturing innovative solar storage solutions, primarily through its flagship product, the SolarLEAF. This modular battery storage device integrates seamlessly with photovoltaic (PV) panels, offering passive thermal regulation to enhance efficiency. The SolarLEAF is designed to minimize the soft costs associated with the design, installation, and maintenance of energy storage systems, making it a cost-effective alternative to traditional centralized solutions. Additionally, Yotta Energy provides SolarPLEXUS, a gateway that enables the automated management and optimization of individual SolarLEAF units. The company also offers a software platform that aggregates energy potential from various systems, aiding utilities in grid management and helping system owners optimize their power usage and reduce costs. Founded in 2016 and based in Austin, Texas, Yotta Energy aims to enhance energy control and resilience through its innovative technologies.

Verdagy

Venture Round in 2022
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.
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