8 Rivers

8 Rivers is a technology developer focused on creating sustainable solutions for energy, water, communications, and industrial processes. The company aims to facilitate the transition to net-zero infrastructure by advancing the economic and sustainable production of hydrogen. It also explores valuable applications for captured carbon dioxide, such as producing ethylene and removing sulfur impurities from gas streams. Through its innovations, 8 Rivers enables companies and governments to achieve their net-zero goals while addressing significant societal challenges. Its notable project, NET Power, exemplifies the company's commitment to developing transformative technologies for a sustainable future.

Damian Beauchamp

President and Chief Development Officer

Walker Dimmig

Principal

Charles Farrell

Principal and CFO

Xijia Lu

Principal

Scott Martin

Principal

Michael McGroddy

Principal

Miles Palmer

Co-Founder

Chris Richardson

CEO

Deng-Tung Wang

Associate Chief of Staff

2 past transactions

Thor Launch Systems

Seed Round in 2012
Thor’s novel approach achieves, in one responsive system, airliner-like payload fractions for all mission profiles, with a launch cost and frequency set to transform both the space launch and global rapid logistics industries. Thor will enable both the large scale utilization of space and transatmospheric operations in a manner approaching that of current terrestrial air and ground operations.

NET Power

Seed Round in 2010
NET Power, LLC owns and operates a natural gas power plant. The company engages in developing and commercializing technologies for gas-fired power generation. It offers carbon dioxide and oxyfuel power cycle that produces electric power with no air emissions. The company was incorporated in 2010 and is based in Durham, North Carolina. NET Power, LLC operates as a subsidiary of McDermott International, Inc.
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