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 cutting-edge membrane-based technology to efficiently absorb carbon dioxide from industrial flue gas emissions. Developed in collaboration with Helmholtz-Zentrum Hereon, a prominent German research organization, the innovative PolyActive membrane is central to the company's operations. Cool Planet Technologies aims to reduce the costs associated with carbon dioxide removal while ensuring high purity levels, allowing captured carbon to be exported as either gas or liquid. The company's energy-efficient technology supports rapid operational responsiveness, enabling industries to easily adjust their carbon capture processes in line with varying demand and operational needs.

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, employing a unique technology that involves raising and lowering heavy weights in a mine shaft. This process captures and releases gravitational energy, allowing for low-cost and sustainable energy consumption. By providing flexible and environmentally friendly energy storage options, Green Gravity aims to support the growing demand for renewable energy and contribute to a more sustainable energy future.

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., founded in 2016 and based in Austin, Texas, specializes in the manufacture of innovative solar storage solutions. The company's flagship product, SolarLEAF, is a modular energy storage device that integrates with photovoltaic panels, designed to lower costs and enhance the resiliency of energy storage systems. By significantly reducing the soft costs associated with the design, installation, and maintenance of energy storage, SolarLEAF provides a more efficient alternative to traditional centralized systems. Additionally, Yotta Energy offers SolarPLEXUS, a gateway that optimizes the operation of SolarLEAF units and facilitates connectivity within the system. Their software platform further aggregates energy data to support utilities in managing grid operations and enables system owners to effectively manage their power and reduce expenses.

Verdagy

Venture Round in 2022
Verdagy is a California-based company that focuses on advancing water electrolysis technology to enable large-scale production of green hydrogen. By developing high-performance cells and electrolyzers, Verdagy aims to achieve the lowest upfront capital and operating expenses in the industry, resulting in a highly competitive levelized cost of hydrogen. Their facilities in Moss Landing include laboratory and pilot plant operations, which are dedicated to refining and scaling their innovative technology platform. This approach not only promotes the use of clean energy but also offers significant cost savings for industries looking to adopt sustainable energy solutions.
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