Cenovus Energy

Cenovus Energy is a Canadian integrated oil company that specializes in the development of oil sands assets in northern Alberta, utilizing advanced techniques such as steam-assisted gravity drainage (SAGD) to extract oil. In addition to its oil sands operations, Cenovus produces conventional crude oil, natural gas liquids, and natural gas, primarily in Alberta, but also has upstream projects offshore in China and Indonesia. In 2022, the company reported an average net upstream production of 786 thousand barrels of oil equivalent per day. Cenovus also operates refining facilities in the United States and Canada, as well as commercial fuel operations throughout Canada, creating a comprehensive portfolio in both upstream and downstream segments of the energy sector.

Jeff Hart

Executive Vice President and CFO

7 past transactions

Husky Energy

Acquisition in 2020
Husky Energy is one of Canada's largest integrated energy companies, headquartered in Calgary, Alberta. The company operates in various regions, including western Canada, the United States, and the Asia-Pacific and Atlantic areas. Husky Energy's operations are divided into upstream and downstream segments. The upstream portfolio encompasses light and medium crude, heavy crude, bitumen, natural gas liquids, and natural gas. The company's heavy oil and oil sands production are bolstered by integrated downstream and midstream value chains. In 2019, Husky's production averaged 290,000 barrels of oil equivalent per day, and it holds approximately 2.1 billion barrels of oil equivalent of proven and probable crude oil and natural gas reserves. Husky Energy emphasizes a balanced growth strategy characterized by disciplined financial management and a commitment to safe and reliable operations.

General Fusion

Venture Round in 2015
General Fusion Inc., established in 2002 and headquartered in Burnaby, Canada, specializes in developing commercial Magnetized Target Fusion (MTF), a hybrid fusion method combining magnetic confinement and inertial confinement principles. The company focuses on creating utility-scale fusion power using its patent-pending MTF concept, which has the potential to provide clean, safe, and economical energy. General Fusion develops key subsystems such as plasma injectors, acoustic drivers, and liquid metal vortex compression tests to advance its MTF technology. Backed by a global syndicate of investors, industry leaders, and technology pioneers, General Fusion aims to demonstrate and commercialize its innovative fusion power plants by the end of the decade.

Hifi Engineering

Venture Round in 2014
HiFi Engineering Inc. specializes in the development of advanced fiber optic sensing systems, hardware, and visualization software designed for downhole and pipeline applications. Founded in 2007 and headquartered in Calgary, Canada, the company offers a range of products, including its HDS MiCro tool for downhole flow monitoring and the HDS MaCro system for permanent pipeline and reservoir monitoring. HiFi Engineering’s systems are tailored for oil and gas service companies in North America, focusing on critical applications such as reservoir monitoring, well integrity assessment, and leak detection. The company’s technology is supported by over 33 patents, showcasing its commitment to innovation in the field. With a team of experienced electrical and software engineers, HiFi Engineering emphasizes the delivery of high-quality data through its cutting-edge sensing technology and software platforms.

General Fusion

Series C in 2013
General Fusion Inc., established in 2002 and headquartered in Burnaby, Canada, specializes in developing commercial Magnetized Target Fusion (MTF), a hybrid fusion method combining magnetic confinement and inertial confinement principles. The company focuses on creating utility-scale fusion power using its patent-pending MTF concept, which has the potential to provide clean, safe, and economical energy. General Fusion develops key subsystems such as plasma injectors, acoustic drivers, and liquid metal vortex compression tests to advance its MTF technology. Backed by a global syndicate of investors, industry leaders, and technology pioneers, General Fusion aims to demonstrate and commercialize its innovative fusion power plants by the end of the decade.

Skyonic Corporation

Series C in 2013
Founded in 2005, Skyonic Corporation specializes in environmental technology. It develops and deploys the patented SkyMine technology, which captures and converts CO2 emissions from industrial facilities like cement plants and refineries into solid carbonate materials such as baking soda and hydrochloric acid.

Saltworks Technologies

Corporate Round in 2011
Saltworks Technologies operates as a water technology company that designs, manufactures and delivers desalination and wastewater treatment plants. It develops turnkey systems including crystallizers, ion exchange membrane products, membrane-stack configurations, and ElectroChem Advanced Electrodialysis for industrial wastewater. The company offers salt splitters, ammonia splitters, and the SaltMaker Evaporator Crystallizer to treat wastewater, brine, and to enable zero liquid discharge. It provides process engineering, operation and finance services. Saltworks serves customers worldwide in industries such as oil and gas, mining, metals processing, agriculture, food and beverage, landfills, and general water remediation, addressing ammonia treatment, leachate, freshwater and brine management, and resource recovery. It emphasizes reducing brine volume, lowering disposal costs, and achieving no liquid discharge through smart design and automation. Founded in 2008 and based in Richmond, Canada.

General Fusion

Series B in 2011
General Fusion Inc., established in 2002 and headquartered in Burnaby, Canada, specializes in developing commercial Magnetized Target Fusion (MTF), a hybrid fusion method combining magnetic confinement and inertial confinement principles. The company focuses on creating utility-scale fusion power using its patent-pending MTF concept, which has the potential to provide clean, safe, and economical energy. General Fusion develops key subsystems such as plasma injectors, acoustic drivers, and liquid metal vortex compression tests to advance its MTF technology. Backed by a global syndicate of investors, industry leaders, and technology pioneers, General Fusion aims to demonstrate and commercialize its innovative fusion power plants by the end of the decade.
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