GravitHy is a sustainable iron and steel company dedicated to decarbonizing steel production through innovative technologies. The company focuses on producing low CO₂ Direct Reduced Iron (DRI) using renewable hydrogen, which allows for the creation of clean hydrogen and supports the growing demand for zero-carbon steel. By prioritizing sustainability, GravitHy aims to significantly reduce the carbon footprint associated with steel manufacturing, positioning itself as a leader in the green industrial revolution.
AMPIN Energy Transition is India’s leading renewable energy transition company with a total portfolio of 5GWp+ spread across 22 states in the country. Headquartered in New Delhi with regional offices in Mumbai, Bangalore & Kolkata, AMPIN provides clean and green energy solutions to C&I and utility customers. We currently offer green power to 100+ marquee customers across 10+ Sectors such as Pharma, Auto, Data Centers/IT, FMCG, Cement, Infra, Education, Heavy Industry, Govt etc. leading to a well-balanced portfolio. Some of these customers are amongst country’s leading corporates such as Skoda Auto Volkswagen India, Cipla, Bharti Airtel, Britannia, AB InBev, Tata Hitachi, Orient Cement, L&T Metro Rail, Hewlett Packard Enterprise to name a few. AMPIN believes in building long-term relationship with its customers & act as a One Stop Shop for Energy, providing sustainable solutions across different geographies & technologies such as Solar, Wind, Hybrids, Storage & Energy Management. This helps the customers in reducing their overall energy costs & mitigating their carbon footprint. AMPIN has developed a clear roadmap & has the ability to offer a complete end to end solution of taking the customer to 100% RE. Moreover, is adept at providing sustainable solutions to meet short-term, medium-term & long-term requirements. In addition to its core renewable energy generation business, AMPIN’s Energy Transition Enablers enhance its competitive edge by driving strategic initiatives in energy trading, solar cell and module manufacturing, green hydrogen, and energy storage, allowing it to become one of India’s leading energy transition players. AMPIN is driven by an industry leading team & backed by leading institutional investors from Europe, Asia &North America. This global presence ensures highest ESG (IFC standards) & corporate governance standards & gives us the unique capability to straddle Utility Scale RE projects, Power Markets & C&I RE projects in India & beyond.
80 Acres Farms is a vertical farming company based in Hamilton, Ohio, founded in 2015. It specializes in producing fresh, nutritious, and sustainably grown fruits and vegetables using advanced indoor farming technology. The company employs innovative techniques and analytics to cultivate a diverse range of pesticide-free leafy greens, herbs, microgreens, and vine crops, all of which boast extended shelf lives. By operating eco-friendly indoor farms, 80 Acres Farms ensures year-round availability of clean produce, independent of weather conditions. Its products are supplied to national grocers, local retailers, restaurants, and foodservice companies, making locally grown organic produce accessible and affordable.
NRStor is a developer of energy storage and renewable hybrid projects that focuses on the commercialization of energy storage technologies. The company aims to bridge the gap between electricity demand and the growth of intermittent renewable energy sources by planning and developing reliable, cost-effective, and efficient energy storage solutions. NRStor serves commercial, industrial, and institutional customers, as well as utilities across North America, and operates on a model where it builds, owns, and manages energy storage projects. By doing so, NRStor enables its clients to access affordable energy storage services, facilitating the transition to sustainable energy practices.
Private Equity Round in 2024
Berkeley Energy Commercial Industrial Solutions (“BECIS”) is a leading Energy as a Service provider to high quality commercial & industrial (“C&I”) customers.
Heirloom specializes in direct air capture technology aimed at enhancing the natural absorption of carbon dioxide from the atmosphere. The company's innovative system accelerates the ability of limestone to capture CO2, allowing for its permanent storage underground. By operating on renewable energy, Heirloom's technology promotes carbon capture and utilization at a large scale, with the goal of removing significant amounts of atmospheric CO2. This approach not only minimizes secondary impacts but also supports clients in restoring the atmosphere through natural processes.
FertigHy is a manufacturing company that specializes in the production and distribution of low-carbon agricultural fertilizers.
GeoPura currently provides hydrogen power to Balfour Beatty, HS2, National Grid and the BBC among other sustainability-driven customers, replacing traditional diesel generators with its Hydrogen Power Unit (HPU) technology.
Carbyon is a Netherlands-based company specializing in direct air capture (DAC) technologies that filter carbon dioxide (CO2) from ambient air. Its innovative "fast-swing" technology purifies CO2, making it suitable for various applications, including the production of kerosene for aircraft. By enabling the fossil fuel industry to repurpose existing storage and transportation infrastructure for renewable hydrocarbons, Carbyon supports the transition from fossil hydrocarbons to alternative energy carriers, such as batteries and hydrogen. This approach not only aids in reducing greenhouse gas emissions but also facilitates significant transformations in energy systems and transportation networks.
Akaysha Energy specializes in the full-cycle development of battery energy storage systems (BESS) and renewable energy projects throughout Australia. The company engages in a diverse array of initiatives, including grid-connected utility-scale battery storage, hybrid plants that integrate large-scale solar photovoltaic and wind energy, and commercial and industrial battery storage solutions. Additionally, Akaysha Energy is involved in the development of virtual power plants, electric vehicle fleets, commercial transport solutions, and green hydrogen production. By assisting clients and partners at various stages of energy technology project development, delivery, and execution, Akaysha Energy aims to contribute to a more sustainable energy landscape.
44.01 is a company focused on the permanent elimination of carbon dioxide from the atmosphere through a process of mineralization in peridotite, a rock known for its natural ability to absorb CO2. By employing advanced technology, 44.01 accelerates the weathering process, transforming captured carbon dioxide into solid rock, thereby ensuring its safe and efficient removal from the environment. The company's services are designed to assist various industries in achieving their carbon reduction goals while contributing to the ongoing efforts to combat climate change.
Onyx Renewable Partners L.P. is a provider of clean energy and decarbonization solutions for a range of clients, including commercial and industrial businesses, real estate operators, educational institutions, and government entities. Established in 2014 by the Blackstone Group, Onyx focuses on bridging the gap between current clean energy practices and future possibilities. The company offers comprehensive services that encompass the design, development, financing, construction, operation, and maintenance of renewable energy projects. By leveraging industry expertise, Onyx simplifies the complexities of energy and regulatory challenges, helping clients reduce carbon emissions. Its partnership with SDCL Energy Efficiency Income Trust provides additional flexibility and capital access, allowing Onyx to deliver tailored energy solutions with no upfront costs to clients. Headquartered in New York City, Onyx has a nationwide presence, dedicated to fostering long-term relationships with its customers throughout the lifecycle of their energy assets.
Neustark focuses on creating zero-emissions concrete by capturing carbon dioxide emissions from the atmosphere and converting them into limestone, which serves as a sustainable substitute for cement and sand. In addition to this innovative approach, Neustark also offers environmental services that involve recycling construction waste into fresh concrete. The company decomposes concrete waste into its original components—carbonate powder and gravel—allowing clients to recycle materials effectively while reducing the environmental impact associated with concrete production. Through these methods, Neustark aims to contribute positively to the construction industry and address climate change.
Mission Zero specializes in developing direct air capture technology that effectively removes carbon dioxide from the atmosphere and concentrates it for various sequestration pathways. The company's innovative system allows for the efficient recovery of historic carbon dioxide at any scale. By utilizing a process that involves pulling air into a device and dissolving the carbon in a water solvent, Mission Zero can release the carbon as gas through electrodialysis. This technology not only facilitates the production of low-energy and clean carbon dioxide but also aims to provide affordable carbon capture services, contributing to an environment with reduced air pollution.
CarbonCapture is a climate technology company focused on developing direct air capture (DAC) machines designed to extract carbon dioxide from the atmosphere. By utilizing innovative molecular sieves, affordable renewable energy sources, and sophisticated AI controls, CarbonCapture aims to create efficient systems that can scale effectively to address climate change. The company's solutions enable clients to deploy machinery that significantly reduces carbon emissions, contributing to the global effort of reversing environmental damage and promoting a sustainable future.
Zenobe Energy Limited specializes in the design and manufacture of battery storage assets primarily for electric bus operators, utilities, and industrial and commercial enterprises. Established in 2016 and headquartered in London, the company provides grid-connected energy storage solutions, frequency balancing services, and second-life battery services, which involve repurposing batteries after their initial use. Additionally, Zenobe Energy offers charging services to support its clients in managing their energy needs and reducing their environmental impact. Formerly known as Battery Energy Storage Solutions Limited, the company rebranded in March 2019 to reflect its broader focus on energy storage and sustainability.
Private Equity Round in 2024
Stegra operates a steel production plant focused on decarbonizing the steel industry in Europe through the use of green hydrogen. The facility is designed as a fully integrated, digitalized, and automated greenfield plant, which combines raw materials, renewable energy, and artificial intelligence to produce fossil-free steel. By replacing traditional CO2-intensive coal with green hydrogen, the plant significantly reduces emissions, with water and heat as the primary byproducts. This innovative approach enables clients to access high-quality, sustainable steel at a competitive cost, contributing to the broader goal of accelerating decarbonization in the steel sector.
Skeleton Technologies is a manufacturer and developer specializing in ultracapacitors that utilize patented curved graphene material to achieve high energy and power density. The company provides advanced energy storage solutions designed for various industries, including automotive, transportation, industrial, and renewable energy markets. Their ultracapacitors are noted for delivering twice the energy density and four times the power density compared to other products in the market. This technology enables rapid recharging and long lifetimes, contributing to significant reductions in fuel consumption and carbon emissions. Skeleton Technologies serves a diverse customer base, which includes engineering firms, the European Space Agency, and leading automotive manufacturers.
FertigHy is a manufacturing company that specializes in the production and distribution of low-carbon agricultural fertilizers.
Electrify America is a subsidiary of Volkswagen Group of America that focuses on developing and managing a nationwide electric vehicle charging network. The company aims to promote the adoption of zero-emission vehicles by providing accessible charging stations, strategically located an average of 70 miles apart on major routes across the continental United States. In addition to infrastructure development, Electrify America prioritizes energy management solutions and actively engages in educational initiatives to raise awareness about electric vehicles and their benefits. Through these efforts, the company seeks to facilitate the transition to sustainable transportation.
Morrow’s ambition is to develop and manufacture the world’s most cost-effective and sustainable battery cells. The company’s vision is to enable and accelerate the green energy transition through the production of sustainable batteries.
80 Acres Farms is a vertical farming company based in Hamilton, Ohio, founded in 2015. It specializes in producing fresh, nutritious, and sustainably grown fruits and vegetables using advanced indoor farming technology. The company employs innovative techniques and analytics to cultivate a diverse range of pesticide-free leafy greens, herbs, microgreens, and vine crops, all of which boast extended shelf lives. By operating eco-friendly indoor farms, 80 Acres Farms ensures year-round availability of clean produce, independent of weather conditions. Its products are supplied to national grocers, local retailers, restaurants, and foodservice companies, making locally grown organic produce accessible and affordable.
Brasol is a solar energy service company based in Brazil that focuses on providing solar-as-a-service solutions to commercial and industrial clients, such as retailers and manufacturers. The company specializes in delivering turn-key energy solutions tailored to various needs, including both on-site and remote generation options. By eliminating the need for clients to invest in equipment, installation, or operations, Brasol enables immediate energy cost savings. Their commitment to global best practices positions them as a preferred provider for large energy consumers, including storage centers and hotels, who seek efficient and sustainable energy solutions.
EsVolta is an independent power producer specializing in the development, ownership, and operation of utility-scale energy storage systems for renewable energy projects. The company focuses on providing essential services to electric utilities and large energy consumers, including on-demand capacity, energy arbitrage, and ancillary grid support. With a current operational portfolio and utility-contracted pipeline totaling 500 MWh, EsVolta is actively pursuing the development of over 2,000 MWh in additional project opportunities. By managing the entire lifecycle of energy storage assets—from origination and development to construction and operation—EsVolta enables its clients to effectively manage their energy storage needs.
Digital Guardian, Inc. specializes in data security solutions aimed at preventing data theft from both insider and external threats. The company offers a comprehensive data protection platform that operates across corporate networks, traditional endpoints, and cloud applications, providing deep data visibility and real-time analytics. Its solutions include data loss prevention, application control, data classification, encryption, and malware protection, tailored for various sectors such as energy, finance, government, healthcare, and technology. Digital Guardian also features a channel program to assist partners and resellers in enhancing sales cycles for data protection needs. The company, founded in 2003 and headquartered in Waltham, Massachusetts, also provides professional services for implementing threat protection and training. It supports various deployment models, including on-premises, managed services, and hybrid solutions, ensuring organizations can protect their critical assets without hindering operational efficiency.
sPower is an independent power producer based in Salt Lake City, with additional offices in San Francisco, Long Beach, and New York City. The company specializes in owning and operating renewable energy generation systems, including wind, solar, and storage facilities, across the United States and the UK. With an extensive portfolio that includes over 150 utility and distributed generation systems and a combined capacity of 6.7GW across operating, construction, and development stages, sPower is actively engaged in acquiring utility-scale renewable assets at various stages of development. The company also provides construction and operational management services, contributing to local economies through payments to landowners and revenues for local governments, while focusing on reducing carbon emissions and delivering affordable, reliable energy to consumers.
Plotly is a data science and AI company focused on taking data science out of the lab and into the business. Plotly makes it easy to create, deploy, and share interactive web apps, graphs, and visualizations in any programming language.
Power Plus Communications AG specializes in broadband powerline communications (BPL) systems designed for smart grids, smart metering, and smart homes. Founded in 2001 and based in Mannheim, Germany, the company offers a range of products including BPL modems, compact BPL systems, network management software, and smart meter gateways. Their technology leverages existing electricity infrastructure to enable real-time data transfer from electronic meters to utilities, facilitating efficient smart metering and grid automation. Power Plus Communications serves utilities and distributed network operators across Europe, the Middle East, and beyond, providing not only products but also advisory support on communications infrastructure. The company prides itself on its innovative solutions that enhance the operational capabilities of energy networks while promoting standards-based communication. With a dedicated team of around 60 employees, Power Plus Communications remains a key player in the evolution of smart energy solutions.
First Wind is an independent North American wind energy company focused exclusively on the development, ownership and operation of wind farms. We currently focus on developing wind farms in the northeastern and western regions of the U.S. and in Hawaii, and are already producing 504 megawatts (MW) of energy through seven operating wind farms. First Wind is currently developing wind energy projects in several markets through various subsidiary companies.