Ontario Power Generation

Ontario Power Generation Inc. is a leading electricity generator and seller based in Toronto, Canada. The company operates through four main segments: Regulated – Nuclear Generation, Regulated – Nuclear Waste Management, Regulated – Hydroelectric, and Contracted and Other Generation. As of late 2019, Ontario Power Generation managed a diverse energy portfolio that includes two nuclear, 66 hydroelectric, and several other types of power generating stations, such as thermal, biomass, dual-fueled, natural gas, and solar facilities, both in Ontario and the United States. In addition to electricity generation, the company provides ancillary services like voltage control and regulation, along with selling heavy water and isotopes. Ontario Power Generation is committed to investing in local economies and maintaining a sophisticated energy fleet while prioritizing environmental sustainability and collaboration with indigenous groups. Incorporated in 1998, the company plays a crucial role in delivering clean and competitive electricity to residential and commercial customers.

Theresa Dekker

Vice President Nuclear Decommissioning Program

9 past transactions

Utility Global

Series C in 2024
Utility Global, Inc. is a company based in Provo, Utah, founded in 2018, that specializes in developing innovative technologies for a low-carbon future. The company has created eXERO™, a proprietary gas production technology that efficiently converts variable industrial process gases into high-purity hydrogen and a concentrated CO2 stream, without requiring electricity. This system allows for on-site carbon capture from a single location, enhancing cost-effectiveness. In the steelmaking industry, the hydrogen produced can be utilized as a substitute for coke, while the high purity of the CO2 stream simplifies and reduces the costs associated with carbon capture, playing a crucial role in the decarbonization of steel production.

X-energy

Series C in 2023
X-energy is a developer of advanced modular nuclear reactors and fuel technology for clean energy generation. The company manufactures fuel that seals uranium particles in a protective coating, making meltdown impossible. It develops safe and efficient reactors and proprietary fuel to deliver reliable, zero-carbon, affordable energy to people worldwide. The simplified, modular, and high-temperature gas reactor design expands applications and markets for the deployment of nuclear technology.

Silfab

Venture Round in 2023
Silfab is an Italian pioneer in the photovoltaic industry, specializing in the design, development, and manufacturing of high-efficiency solar modules. The company is known for its Elite Series panels, which are recognized for their superior efficiency among solar panels produced in the United States. Silfab's offerings include advanced monocrystalline and bifacial photovoltaic modules, utilizing polysilicon technology to enhance energy generation. By focusing on premium quality and innovative solutions, Silfab aims to contribute significantly to the renewable energy market, providing reliable and efficient solar energy options.

Swell Energy

Series B in 2022
Swell Energy Inc. is a company based in Santa Monica, California, established in 2014, that specializes in energy storage services in Southern California. It provides homeowners with the EnergyShield program, which combines solar panels and a compact lithium-ion battery to offer backup power and enhance energy security. The company installs home batteries to serve as a buffer between residences and the power grid, ensuring reliable power supply during outages. Additionally, Swell Energy promotes smart grid and energy management solutions, facilitating the adoption of clean energy technologies for both residential and commercial customers. By partnering with local solar and storage providers, Swell Energy offers financing and educational resources to ensure seamless installations. Its initiatives contribute to the development of virtual power plant networks and grid-balancing services, supporting the transition to a more distributed energy system.

BluWave-ai

Grant in 2022
BluWave-ai is a company focused on transforming the global energy landscape by promoting distributed and renewable energy resources, electric transportation, and smart loads. Utilizing a SaaS-based platform powered by artificial intelligence, BluWave-ai optimizes the operation of smart grids and microgrids, ensuring increased affordability, reliability, and sustainability. The platform enables real-time balancing of energy supply and demand, while accurately predicting electricity consumption and generation patterns through machine learning. By partnering with communities, corporations, and utilities, BluWave-ai has helped clients achieve significant savings in capital and operational costs, alongside reducing their carbon footprints. The company's mission is to facilitate universal access to affordable and sustainable energy and transportation systems, catering to a diverse range of clients, including distribution utilities, enterprises, mining operations, campus environments, net zero communities, and remote or off-grid locations worldwide.

Caban Systems

Series B in 2022
Caban Systems, founded in 2017 and based in San Mateo, California, specializes in the design and manufacture of modular lithium-ion energy storage systems tailored for the telecommunications industry. The company focuses on providing software-enabled solutions that enhance energy management for off-grid and weak-grid telecom sites. By utilizing intelligent lithium-ion battery packs, Caban Systems aims to prevent downtime and lower the total cost of ownership and maintenance for telecom towers. This approach not only helps clients save on energy expenses but also contributes to reduced emissions, making it a valuable partner for telecommunication companies and mobile network operators.

Silfab

Venture Round in 2021
Silfab is an Italian pioneer in the photovoltaic industry, specializing in the design, development, and manufacturing of high-efficiency solar modules. The company is known for its Elite Series panels, which are recognized for their superior efficiency among solar panels produced in the United States. Silfab's offerings include advanced monocrystalline and bifacial photovoltaic modules, utilizing polysilicon technology to enhance energy generation. By focusing on premium quality and innovative solutions, Silfab aims to contribute significantly to the renewable energy market, providing reliable and efficient solar energy options.

Moltex Energy

Grant in 2021
Moltex Energy is a leader in nuclear technology, focusing on the development of its Stable Salt Reactor - Wasteburner (SSR-W), which offers a carbon-free electricity generation solution. This innovative reactor design utilizes recycled nuclear waste as fuel, produced through Moltex's proprietary Waste To Stable Salt (WATSS) recycling process. The SSR-W provides reliable, large-scale power generation ranging from 300 to 500 MWe per reactor, while its inherent safety features make it suitable for a variety of community settings. Additionally, the integration of GridReserve technology allows energy from the SSR-W to be stored as heat and released to the grid during peak demand, enhancing the reliability of renewable energy sources like wind and solar. Moltex Energy has been selected by NB Power to advance its reactor technology in New Brunswick, Canada, aiming to deploy its first SSR-W, WATSS, and GridReserve units at the Point Lepreau site.
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