Chevron

Chevron, established in 1999, is a Texas-based venture capital arm of Chevron Corporation, focusing on early-stage investments in the United States. As a corporate venture capital arm, it invests in a wide range of sectors, including energy, technology, and life sciences. Chevron Technology Ventures (CTV) plays a crucial role in identifying, acquiring, testing, and integrating emerging technologies into Chevron's core businesses, creating new commercial opportunities, reducing costs, and improving performance. It typically invests between $1 million and $8 million, taking a minority stake and board observer seat. CTV's mission is to foster innovation and commercialization, enhancing Chevron's strategies and enabling affordable, reliable, and ever-cleaner energy.

Kemal Anbarci

Vice President and Managing Executive

Paul Bennett

Vice President and Treasurer

Stuart Coleman

Venture Executive

Chevron Equipment Finance

Finance Broker

Jim Gable

President

James Johnson

Executive Vice President and Executive

Pawel Konzal

Venture Executive

Bruce Niemeyer

President, Americas Exploration and Production

Richard Pardoe

Venture Executive

Christopher Powers

Vice President, Carbon Capture, Utilization and Storage (CCUS), New Energies (CNE)

Michael Wirth

CEO and Chairman of the Board

Past deals in Renewables

DG Matrix

Seed Round in 2025
DG Matrix is a company that specializes in innovative energy storage and solar solutions aimed at promoting the electrification of various sectors, including electric vehicles. Their offerings include single-unit L3 DC fast charging technology, designed for efficient and optimized charging solutions. DG Matrix focuses on integrating its technologies with microgrids and energy infrastructure to provide effective services for electric vehicle charging, fleet charging, and power electronics. By prioritizing reduced material usage and a smaller ecological footprint, the company aims to achieve significant emissions reductions on a large scale, making electrification more accessible and affordable for clients.

Resource Chemical

Venture Round in 2025
ReSource Chemical is a company based in Berkeley, California, focused on developing high-performance plastics derived from carbon dioxide. The company utilizes a proprietary bio-based platform to create chemicals that enable the production of environmentally friendly plastics with superior physical properties compared to traditional fossil fuel-based plastics. By converting CO2 into these innovative materials, ReSource Chemical aims to provide sustainable alternatives that do not contribute to environmental pollution.

ElectraLith

Series A in 2025
ElectraLith is a company focused on the development of direct lithium extraction and refining technology aimed at enhancing the efficiency and sustainability of lithium production. Its innovative technology utilizes electricity to extract and refine lithium, significantly reducing costs for producers of both brine and hard rock lithium. By enabling clients to achieve more affordable lithium production from various feedstocks worldwide, ElectraLith positions itself as a key player in the evolving lithium market, addressing the increasing demand for this essential resource.

Radiant

Series C in 2024
Radiant is a clean energy startup based in Los Angeles, California, that specializes in the development of portable nuclear microreactors. Founded in 2019, the company aims to provide an alternative to fossil fuels for both military and commercial applications. Its flagship product, the Kaleidos microreactor, is designed to fit within a shipping container, allowing for transportation by air, ship, and road. This innovative microreactor serves as a zero-emissions power source, making it particularly suitable for remote locations and critical applications where traditional diesel generators are typically used.

Strohm

Venture Round in 2024
Strohm is a private supply chain company specializing in the offshore wind-to-hydrogen sector. It manufactures fully bonded, thermoplastic composite pipes designed for various applications in the offshore oil and gas industry. Strohm's product offerings include downlines, well intervention hoses, jumpers, spools, offshore flowlines, and risers. These composite pipes are lightweight, high-strength, and corrosion-resistant, providing significant cost and operational advantages for clients engaged in subsea intervention and production activities. Through its innovative solutions, Strohm aims to enhance efficiency and reliability in the energy sector.

Li Industries

Series B in 2024
Li Industries is a start-up focused on advancing lithium-ion battery recycling technologies. The company specializes in the recovery of valuable materials such as lithium, cobalt, and nickel from end-of-life batteries used in electric vehicles, consumer electronics, and other energy storage systems. By utilizing innovative direct recycling technology and a scalable electrochemical flow system, Li Industries aims to extract these essential metals efficiently and sustainably. This process not only reduces environmental waste but also supports the production of new batteries from recycled components. By optimizing the recovery and treatment of these materials, Li Industries contributes to lowering energy consumption and emissions in the battery production process, ultimately fostering a more sustainable supply chain for battery manufacturing.

Raven

Venture Round in 2024
Raven is a producer of green hydrogen and synthetic fuels using organic waste. They transform waste destined for landfills into environmentally friendly, efficient, and profitable clean hydrogen and Fischer-Tropsch synthetic fuels with our patented Steam/CO2 Reformer technology. Raven was in 2018 and is based in Pinedale, Wyoming.

Ionomr Innovations

Series A in 2023
Ionomr Innovations Inc. is a Canadian company specializing in the design, adaptation, and manufacture of advanced ion-exchange membranes and polymer technologies. Founded in 2013 and based in Vancouver, Ionomr is focused on providing solutions for clean technology applications, including water treatment, energy storage, and hydrogen production. Their Aemion membrane systems are notable for being alkaline-stable, highly durable, and versatile, enabling clients to improve performance while minimizing environmental impact. By replacing toxic fluorinated chemicals with eco-friendly hydrocarbon alternatives, Ionomr aims to reduce pollution and enhance the sustainability of electrochemical systems. The company also offers chemical engineering services, further supporting the integration of its innovative materials into various applications, contributing to the development of cleaner and more resilient energy solutions.

Malta

Venture Round in 2023
Malta Inc. is a developer of innovative industrial-grade energy storage solutions based in Cambridge, Massachusetts. Founded in 2018, the company focuses on a unique electro-thermal energy storage system that captures energy from diverse sources including wind, solar, and fossil fuels. This system converts electrical energy into thermal energy and stores it in molten salt, allowing for energy to be held for extended periods. When demand arises, the stored thermal energy is reverted back into electrical energy and dispatched to the grid, ensuring a reliable supply of electricity. Malta's technology addresses challenges such as wind and solar curtailment and enhances the efficiency of electricity distribution and transmission, thus playing a pivotal role in delivering affordable and timely energy to the market. Incubated at X, the Moonshot Factory, the company is backed by prominent venture capital and commercial partners in the power industry.

Infinitum

Series E in 2023
Infinitum is a pioneering company focused on advancing motor technology with a commitment to sustainability and efficiency. It specializes in developing lightweight electric motors that utilize printed circuit board stator technology, which significantly enhances motor performance while reducing costs. By replacing traditional iron and copper components, Infinitum's motors are designed to be smaller, lighter, and quieter than conventional alternatives, thereby providing exceptional energy savings and a reduced carbon footprint throughout their lifecycle. The company's innovative approach not only opens up new sustainable design possibilities for end users but also aims to make a meaningful impact on environmental conservation and energy efficiency.

Magnum Development

Acquisition in 2023
Magnum Development is a company that specializes in the development of storage caverns for various energy resources, including natural gas, compressed air, refined products, helium, and hydrogen. Operating primarily in the Western United States, Magnum Development focuses on providing economical solutions for the storage and distribution of clean energy. By developing its portfolio of projects, the company aims to enhance the consistent and reliable delivery of power throughout the region, addressing the growing demand for effective energy storage solutions.

Sapphire Technologies

Series B in 2023
Sapphire Technologies specializes in the development, manufacturing, and sale of energy recovery systems tailored for industrial applications involving natural gas and hydrogen. The company focuses on converting waste energy generated during pressure reduction processes into electric power, enabling businesses to enhance operational efficiency without disrupting ongoing processes. By recovering this otherwise wasted pressure energy, Sapphire Technologies assists companies in maximizing plant efficiencies, improving productivity, and reducing carbon emissions, while also helping to offset electrical costs and generate additional revenue. Their systems facilitate efficient transportation in pipelines, ensuring safe delivery through local distribution networks.

Electric Era

Series A in 2023
Electric Era Technologies specializes in the development of AI-controlled battery storage solutions designed to optimize the operation of electric vehicle (EV) charging stations. The company offers a range of EV charging solutions, including installation and ongoing support for businesses, aiming to create a seamless customer experience while enhancing brand engagement through innovative technology. Powered by its proprietary PowerNode-OS, Electric Era's real-time software platform ensures reliable and efficient charging for all PowerNode charging stations. Additionally, the company manufactures batteries that enable cost-effective energy management by minimizing high power draw from the grid, thus allowing clients to streamline operations and promote commercial growth without complex interventions in their power usage.

Viridos

Series A in 2023
Viridos is a company that develops and commercializes genomic-driven solutions aimed at tackling global energy and environmental issues. It specializes in synthesizing and programming DNA to create and utilize technologies in synthetic genomics. The company designs and develops microbes for various industrial processes and environmental applications, including microbial cultivation technologies that identify novel microorganisms and new genes. Additionally, Viridos focuses on enhancing biofuel production, utilizing photosynthetic organisms to generate value-added products from sunlight and carbon dioxide, and improving the recovery rates of subsurface hydrocarbons. Its innovations also extend to the development of high-yield, disease-resistant feedstocks. Through these efforts, Viridos contributes to the production of energy, chemicals, and pharmaceuticals, while also promoting carbon sequestration and environmental remediation.

Strohm

Venture Round in 2022
Strohm is a private supply chain company specializing in the offshore wind-to-hydrogen sector. It manufactures fully bonded, thermoplastic composite pipes designed for various applications in the offshore oil and gas industry. Strohm's product offerings include downlines, well intervention hoses, jumpers, spools, offshore flowlines, and risers. These composite pipes are lightweight, high-strength, and corrosion-resistant, providing significant cost and operational advantages for clients engaged in subsea intervention and production activities. Through its innovative solutions, Strohm aims to enhance efficiency and reliability in the energy sector.

Syzygy Plasmonics

Series C in 2022
Syzygy Plasmonics, Inc. is a Houston-based company that specializes in the design, development, and manufacturing of photocatalytic reactor systems for industrial chemical reactions. Founded in 2017, the company focuses on creating reactors that facilitate the generation of fuel cell quality hydrogen from ammonia, specifically for small-to-medium-scale applications. These advanced reactors operate at significantly lower temperatures than traditional chemical reactors, allowing for reduced maintenance costs and the ability to quickly start or stop production. By utilizing light as an energy source, Syzygy Plasmonics enables the integration of renewable electricity into chemical manufacturing, contributing to the decarbonization of various industries and supporting the on-site production of ultra-low-cost hydrogen gas for fuel cell vehicles.

Starfire Energy

Series B in 2022
Starfire Energy is a company focused on developing and deploying sustainable energy technologies, specializing in the production of carbon-free ammonia. Founded in 2007 and headquartered in Aurora, Colorado, Starfire Energy has created modular systems that synthesize ammonia from renewable energy sources, specifically wind and solar power. These modular plants are built in shipping containers that are pre-wired and pre-plumbed, facilitating easy on-site installation. The ammonia produced is not only used as a fertilizer and refrigerant but also serves as an energy-dense liquid fuel. By utilizing renewable energy, air, and water as inputs, Starfire Energy aims to meet the growing demands for energy storage and transportation while contributing to carbon-free industrial processes.

Baseload Capital

Convertible Note in 2022
Baseload Capital is an international investment entity focused on facilitating the growth of renewable heat power generation worldwide. They provide tailored financial services and development advisory support to heat power operators, empowering them with the necessary resources to construct and manage sustainable heat power plants.

Strohm

Venture Round in 2022
Strohm is a private supply chain company specializing in the offshore wind-to-hydrogen sector. It manufactures fully bonded, thermoplastic composite pipes designed for various applications in the offshore oil and gas industry. Strohm's product offerings include downlines, well intervention hoses, jumpers, spools, offshore flowlines, and risers. These composite pipes are lightweight, high-strength, and corrosion-resistant, providing significant cost and operational advantages for clients engaged in subsea intervention and production activities. Through its innovative solutions, Strohm aims to enhance efficiency and reliability in the energy sector.

Li Industries

Series A in 2022
Li Industries is a start-up focused on advancing lithium-ion battery recycling technologies. The company specializes in the recovery of valuable materials such as lithium, cobalt, and nickel from end-of-life batteries used in electric vehicles, consumer electronics, and other energy storage systems. By utilizing innovative direct recycling technology and a scalable electrochemical flow system, Li Industries aims to extract these essential metals efficiently and sustainably. This process not only reduces environmental waste but also supports the production of new batteries from recycled components. By optimizing the recovery and treatment of these materials, Li Industries contributes to lowering energy consumption and emissions in the battery production process, ultimately fostering a more sustainable supply chain for battery manufacturing.

Aurora Hydrogen

Series A in 2022
Aurora Hydrogen is focused on advancing clean hydrogen production technology that harnesses efficient microwave energy. The company's innovative approach aims to decarbonize transportation and industrial processes by providing a highly scalable solution. Its technology can be implemented in various settings, ranging from small fueling stations to large industrial applications, all while producing no carbon dioxide emissions and without consuming water. This capability positions Aurora Hydrogen to significantly contribute to reducing global carbon dioxide emissions, potentially lowering them by over five hundred million tonnes annually.

TAE

Series G in 2022
TAE Technologies, Inc. is a pioneer in the development of clean fusion energy, utilizing advanced particle accelerator technology and plasma physics. Established in 1998 and headquartered in Foothill Ranch, California, with an additional office in Rancho Santa Margarita, the company focuses on creating a sustainable energy source that mirrors natural processes and eliminates harmful byproducts. Over two decades of dedicated research have positioned TAE Technologies as a leader in accelerator and plasma physics, driving significant advancements that contribute to broader innovations in energy management. The company aims to commercialize safe and cost-effective fusion power, addressing the global energy demand while promoting sustainable solutions in power management, electric mobility, and life sciences. TAE Technologies is committed to delivering carbon-free fusion power to the grid, enhancing energy security for communities and clients alike.

Zap Energy

Series C in 2022
Zap Energy, Inc. is a Seattle-based company that specializes in the design and manufacture of sheared-flow stabilized Z-Pinch fusion reactors for power generation. Founded in 2017, the company focuses on developing compact and scalable fusion technology that offers low-carbon, cost-effective, and flexible energy solutions. Unlike conventional fusion methods, Zap Energy's approach utilizes electric current to create magnetic fields that confine and compress plasma, enhancing the stability and efficiency of the fusion process. This innovative technology aims to provide sustainable energy while requiring less capital investment compared to traditional fusion systems.

Infinitum

Series D in 2022
Infinitum is a pioneering company focused on advancing motor technology with a commitment to sustainability and efficiency. It specializes in developing lightweight electric motors that utilize printed circuit board stator technology, which significantly enhances motor performance while reducing costs. By replacing traditional iron and copper components, Infinitum's motors are designed to be smaller, lighter, and quieter than conventional alternatives, thereby providing exceptional energy savings and a reduced carbon footprint throughout their lifecycle. The company's innovative approach not only opens up new sustainable design possibilities for end users but also aims to make a meaningful impact on environmental conservation and energy efficiency.

Carbon Clean

Series C in 2022
Carbon Clean Solutions is an innovation company focused on carbon dioxide recovery technology for industrial applications. The company has developed a patented carbon capture technology that enables the removal of up to 90% of carbon dioxide from flue gases, utilizing a proprietary regenerable advanced solvent and an energy-efficient capture process. This technology is designed to be both cost-effective and environmentally friendly, significantly reducing operating costs and impacts for power plants and industrial utilities. Carbon Clean Solutions' technology can be integrated into new power plants or retrofitted to existing facilities, offering clients a scalable solution for decarbonization. With multiple research teams and facilities worldwide, the company is committed to commercializing its energy-efficient carbon capture solutions for a diverse range of global customers.

Bunge Chevron Ag Renewables

Corporate Round in 2022
Bunge Chevron Ag Renewables develop lower carbon intensity feedstocks.

CoverCress

Series C in 2022
CoverCress Inc. is a biotechnology company based in Saint Louis, Missouri, founded in 2013. The company focuses on developing and commercializing field pennycress as an oilseed crop, which is utilized for producing oil for renewable fuels and meal for livestock feed. By genetically improving pennycress, CoverCress aims to create a sustainable cover crop that enhances soil health and offers benefits for farmers during corn and soybean planting seasons. The company’s efforts are centered on sustainable agricultural practices, allowing farmers to maximize yields while minimizing input and carbon emissions. Formerly known as Arvegenix Inc., CoverCress reflects a commitment to innovation in agriculture, biotechnology, and renewable energy solutions.

Renewable Energy Group

Acquisition in 2022
Renewable Energy Group, Inc. is a leader in the production and supply of lower carbon transportation fuels, including biodiesel and renewable diesel. The company operates an integrated system for the procurement, distribution, and logistics of converting natural fats, oils, greases, and sugars into advanced biofuels. It runs a network of 13 biorefineries, with 11 located in the United States and 2 in Germany. Renewable Energy Group also engages in the purchase and resale of biomass-based diesel and provides operational management services for production facilities. Additionally, the company offers construction management services for the development or upgrade of biorefineries and sells petroleum-based heating oils and diesel fuels. Founded in 1996 and headquartered in Ames, Iowa, Renewable Energy Group is committed to advancing bio-based fuel and chemicals through its innovative research and development initiatives.

Ionomr Innovations

Series A in 2022
Ionomr Innovations Inc. is a Canadian company specializing in the design, adaptation, and manufacture of advanced ion-exchange membranes and polymer technologies. Founded in 2013 and based in Vancouver, Ionomr is focused on providing solutions for clean technology applications, including water treatment, energy storage, and hydrogen production. Their Aemion membrane systems are notable for being alkaline-stable, highly durable, and versatile, enabling clients to improve performance while minimizing environmental impact. By replacing toxic fluorinated chemicals with eco-friendly hydrocarbon alternatives, Ionomr aims to reduce pollution and enhance the sustainability of electrochemical systems. The company also offers chemical engineering services, further supporting the integration of its innovative materials into various applications, contributing to the development of cleaner and more resilient energy solutions.

Sapphire Technologies

Series A in 2021
Sapphire Technologies specializes in the development, manufacturing, and sale of energy recovery systems tailored for industrial applications involving natural gas and hydrogen. The company focuses on converting waste energy generated during pressure reduction processes into electric power, enabling businesses to enhance operational efficiency without disrupting ongoing processes. By recovering this otherwise wasted pressure energy, Sapphire Technologies assists companies in maximizing plant efficiencies, improving productivity, and reducing carbon emissions, while also helping to offset electrical costs and generate additional revenue. Their systems facilitate efficient transportation in pipelines, ensuring safe delivery through local distribution networks.

Hydrogenious Technologies

Venture Round in 2021
Founded in 2013, Hydrogenious Technoloiges is a spin-off of the University of Erlangen-Nuremberg by its CEO Dr. Daniel Teichmann and the three co-founders Prof. Wolfgang Arlt, Prof. Peter Wasserscheid and Prof. Eberhardt Schlücker. The need for safe and efficient hydrogen storage for multi-MWh energy storage systems and safe and reliable hydrogen storage for hydrogen refuelling stations and fuel cell mobility was imminent – and Liquid Organic Hydrogen Carriers (LOHC) proved to be the solution. Having completed the technological proof of concept at the university’s laboratories, the idea became reality and Hydrogenious Technologies, a global pioneer in LOHC based energy storage, was born. With the University of Erlangen-Nuremberg becoming a shareholder in May 2014 and the successful close of a Series A funding round in July 2014 with Anglo American Platinum as investor, Hydrogenious Technologies is now backed with strong scientific, strategic and financial capacities to revolutionize large-scale energy and hydrogen storage.

Gr3n Recycling

Series B in 2021
Gr3n Recycling has developed an innovative technology that enables the chemical recycling of polyethylene terephthalate (PET) bottles and food containers in a cost-effective manner. By applying microwave technology to a well-established chemical reaction, Gr3n has created a process that not only facilitates the industrial implementation of PET recycling but also depolymerizes polyester textiles to yield virgin PET. This groundbreaking approach has the potential to transform the global PET recycling landscape, offering significant financial benefits and cost savings for the recycling industry.

Raven

Seed Round in 2021
Raven is a producer of green hydrogen and synthetic fuels using organic waste. They transform waste destined for landfills into environmentally friendly, efficient, and profitable clean hydrogen and Fischer-Tropsch synthetic fuels with our patented Steam/CO2 Reformer technology. Raven was in 2018 and is based in Pinedale, Wyoming.

Natel Energy

Series B in 2021
Natel Energy, Inc. specializes in the design, construction, and sale of restoration hydro turbines (RHTs) aimed at generating renewable electricity from low-head water sources, including existing low dams, irrigation canals, and streams. Founded in 2005 and based in Alameda, California, the company focuses on providing sustainable hydropower solutions that enhance energy production while minimizing environmental impact. Natel's RHTs can be integrated into various settings, including retrofitting older turbines and developing new stream reach projects. In addition to its turbine solutions, the company offers digital services that employ machine learning and remote sensing to optimize operational efficiency and reduce risks for hydropower stakeholders. Natel Energy also features HydroForecast, a service that utilizes satellite imagery and advanced hydrologic modeling to deliver accurate water flow and power generation forecasts. Through these innovations, Natel Energy contributes to the development of a low-carbon renewable energy grid while ensuring the sustainability of watershed ecosystems.

Infinitum

Series C in 2021
Infinitum is a pioneering company focused on advancing motor technology with a commitment to sustainability and efficiency. It specializes in developing lightweight electric motors that utilize printed circuit board stator technology, which significantly enhances motor performance while reducing costs. By replacing traditional iron and copper components, Infinitum's motors are designed to be smaller, lighter, and quieter than conventional alternatives, thereby providing exceptional energy savings and a reduced carbon footprint throughout their lifecycle. The company's innovative approach not only opens up new sustainable design possibilities for end users but also aims to make a meaningful impact on environmental conservation and energy efficiency.

Zap Energy

Series B in 2021
Zap Energy, Inc. is a Seattle-based company that specializes in the design and manufacture of sheared-flow stabilized Z-Pinch fusion reactors for power generation. Founded in 2017, the company focuses on developing compact and scalable fusion technology that offers low-carbon, cost-effective, and flexible energy solutions. Unlike conventional fusion methods, Zap Energy's approach utilizes electric current to create magnetic fields that confine and compress plasma, enhancing the stability and efficiency of the fusion process. This innovative technology aims to provide sustainable energy while requiring less capital investment compared to traditional fusion systems.

Mainspring

Series D in 2021
Mainspring Energy, Inc. is a technology company based in Menlo Park, California, that specializes in developing linear generator technology for low carbon, dispatchable energy solutions. Founded in 2010 by three Stanford engineers, the company focuses on creating advanced prototypes that convert fuel into electricity through a unique, low-temperature reaction of air and fuel. This innovative approach allows Mainspring to offer generators that provide affordable, reliable electricity while significantly reducing carbon emissions compared to traditional electric grids. The company's mission is to address climate change and enhance energy accessibility, contributing to the development of net-zero carbon energy systems for the future.

Ocergy

Series A in 2021
Ocergy is a company dedicated to addressing energy and environmental challenges through the development of advanced ocean systems. It specializes in creating innovative floating platforms, such as OCG-Wind, which serves as a lightweight foundation for large offshore wind turbines, aimed at reducing the levelized cost of energy while enhancing industrialization and local supply chain utilization. Additionally, Ocergy offers OCG-Data, a multi-disciplinary ocean observer designed for comprehensive offshore site assessments. This platform supports various instrumentation for resource and environmental characterization, including technologies for underwater biodiversity monitoring and a detection system for birds and bats. By providing high-quality ecological data, Ocergy facilitates stakeholder engagement and promotes sustainable offshore solutions, including energy production and environmental monitoring.

Starfire Energy

Venture Round in 2021
Starfire Energy is a company focused on developing and deploying sustainable energy technologies, specializing in the production of carbon-free ammonia. Founded in 2007 and headquartered in Aurora, Colorado, Starfire Energy has created modular systems that synthesize ammonia from renewable energy sources, specifically wind and solar power. These modular plants are built in shipping containers that are pre-wired and pre-plumbed, facilitating easy on-site installation. The ammonia produced is not only used as a fertilizer and refrigerant but also serves as an energy-dense liquid fuel. By utilizing renewable energy, air, and water as inputs, Starfire Energy aims to meet the growing demands for energy storage and transportation while contributing to carbon-free industrial processes.

Baseload Capital

Venture Round in 2021
Baseload Capital is an international investment entity focused on facilitating the growth of renewable heat power generation worldwide. They provide tailored financial services and development advisory support to heat power operators, empowering them with the necessary resources to construct and manage sustainable heat power plants.

Malta

Series B in 2021
Malta Inc. is a developer of innovative industrial-grade energy storage solutions based in Cambridge, Massachusetts. Founded in 2018, the company focuses on a unique electro-thermal energy storage system that captures energy from diverse sources including wind, solar, and fossil fuels. This system converts electrical energy into thermal energy and stores it in molten salt, allowing for energy to be held for extended periods. When demand arises, the stored thermal energy is reverted back into electrical energy and dispatched to the grid, ensuring a reliable supply of electricity. Malta's technology addresses challenges such as wind and solar curtailment and enhances the efficiency of electricity distribution and transmission, thus playing a pivotal role in delivering affordable and timely energy to the market. Incubated at X, the Moonshot Factory, the company is backed by prominent venture capital and commercial partners in the power industry.

Eavor

Venture Round in 2021
Eavor Technologies Inc., established in 2017 and headquartered in Calgary, Canada, specializes in generating industrial-scale electricity using innovative geothermal technology. The company's proprietary system, Eavor-Loop™, harnesses heat from deep within the earth, utilizing wells to produce brine from a subsurface aquifer. This heat is then employed for commercial heating applications and power generation. Eavor's technology mitigates challenges faced by traditional geothermal solutions, offering a clean, carbon-neutral, and scalable baseload power source. The company operates the Eavor-Lite™ Demonstration Project, a prototype of its technology suite, to validate and refine its innovative approach.

Svante

Series D in 2021
Svante Inc., established in 2007 and headquartered in Burnaby, Canada, specializes in carbon capture and removal solutions. The company develops and manufactures novel solid sorbents, structured adsorbent filters, and rotary contactor machines for post-combustion industrial carbon capture and direct air capture. Svante's leading-edge technology captures and concentrates CO2 from heavy industries' emissions and the atmosphere, enabling customers to reduce capital costs and energy consumption. The company partners with global CCUS stakeholders to scale the industry and facilitate source-to-sink carbon capture projects.

Blue Planet

Series C in 2020
Blue Planet, Ltd. is a California-based company that focuses on developing sustainable solutions for carbon dioxide mitigation through its innovative biomimetic carbon capture and mineralization technology. Founded in 2013, the company utilizes CO2 as a raw material to produce carbonate rocks, which serve as a substitute for natural limestone in concrete production. Its proprietary Liquid Condensed Phase (LCP) Technology enables the conversion of CO2 from flue gas into carbonate without the need for an energy-intensive purification step, making the process more efficient and cost-effective than traditional CO2 capture methods. Blue Planet's products include various types of carbon-sequestered aggregates designed for use in construction projects, particularly those situated near industrial sources of carbon emissions. This approach not only helps reduce carbon emissions but also promotes the use of sustainable materials in the construction industry.

Zap Energy

Series A in 2020
Zap Energy, Inc. is a Seattle-based company that specializes in the design and manufacture of sheared-flow stabilized Z-Pinch fusion reactors for power generation. Founded in 2017, the company focuses on developing compact and scalable fusion technology that offers low-carbon, cost-effective, and flexible energy solutions. Unlike conventional fusion methods, Zap Energy's approach utilizes electric current to create magnetic fields that confine and compress plasma, enhancing the stability and efficiency of the fusion process. This innovative technology aims to provide sustainable energy while requiring less capital investment compared to traditional fusion systems.

Natron Energy

Series D in 2020
Natron Energy, Inc. is an energy storage company based in Santa Clara, California, founded in 2012. The company specializes in the development of sodium-ion batteries, utilizing unique Prussian Blue electrode materials to offer solutions for various industrial applications. These batteries are designed for stationary uses, including uninterruptible power supply systems, lift trucks, renewable energy smoothing, and integration into smart grids and microgrids. Natron's innovative batteries are characterized by their safety, sustainability, power density, and extended cycle life, providing a cost-effective energy storage option produced from widely available materials. The company also operates a software-defined power platform to enhance its energy storage solutions. Natron Energy was formerly known as Alveo Energy, Inc. before changing its name in March 2017.

Carbon Clean

Series B in 2020
Carbon Clean Solutions is an innovation company focused on carbon dioxide recovery technology for industrial applications. The company has developed a patented carbon capture technology that enables the removal of up to 90% of carbon dioxide from flue gases, utilizing a proprietary regenerable advanced solvent and an energy-efficient capture process. This technology is designed to be both cost-effective and environmentally friendly, significantly reducing operating costs and impacts for power plants and industrial utilities. Carbon Clean Solutions' technology can be integrated into new power plants or retrofitted to existing facilities, offering clients a scalable solution for decarbonization. With multiple research teams and facilities worldwide, the company is committed to commercializing its energy-efficient carbon capture solutions for a diverse range of global customers.

Vutility

Series A in 2020
Vutility is a leading provider of real-time, high-resolution energy monitoring solutions that enable businesses to optimize energy consumption and enhance operational efficiencies. By utilizing its innovative and cost-effective proprietary HotDrop technology, Vutility offers a system designed to track utility usage across various sectors, including retail and commercial industries. This technology provides relevant and timely insights into energy usage, allowing consumers, businesses, and governments to monitor their utility consumption effectively and identify opportunities for savings. Through its advanced monitoring capabilities, Vutility helps organizations make informed decisions about their energy consumption, ultimately contributing to improved financial performance and sustainability.

Carbon Clean

Series B in 2020
Carbon Clean Solutions is an innovation company focused on carbon dioxide recovery technology for industrial applications. The company has developed a patented carbon capture technology that enables the removal of up to 90% of carbon dioxide from flue gases, utilizing a proprietary regenerable advanced solvent and an energy-efficient capture process. This technology is designed to be both cost-effective and environmentally friendly, significantly reducing operating costs and impacts for power plants and industrial utilities. Carbon Clean Solutions' technology can be integrated into new power plants or retrofitted to existing facilities, offering clients a scalable solution for decarbonization. With multiple research teams and facilities worldwide, the company is committed to commercializing its energy-efficient carbon capture solutions for a diverse range of global customers.

Puma Energy Australia

Acquisition in 2019
Puma Energy Australia Holdings Pty Ltd is a prominent fuel supplier engaged in the storage, distribution, and retail sale of various fuel products across the country. Established in 2010 and based in Hamilton, the company offers a comprehensive range of bulk fuels, including diesel, biodiesel, aviation fuels, and lubricants, catering to industries such as mining, agriculture, transport, marine, and aviation. Puma Energy operates a network of fuel service stations, including unmanned sites, along with seaboard import terminals and distribution depots. Additionally, the company provides fuel storage solutions, equipment for sale or lease, and customized fleet fuel card solutions, all supported by expert advice on fuel management and safety. As of mid-2020, Puma Energy Australia operates as a subsidiary of Chevron Australia Downstream Pty Ltd.

Infinitum

Series B in 2019
Infinitum is a pioneering company focused on advancing motor technology with a commitment to sustainability and efficiency. It specializes in developing lightweight electric motors that utilize printed circuit board stator technology, which significantly enhances motor performance while reducing costs. By replacing traditional iron and copper components, Infinitum's motors are designed to be smaller, lighter, and quieter than conventional alternatives, thereby providing exceptional energy savings and a reduced carbon footprint throughout their lifecycle. The company's innovative approach not only opens up new sustainable design possibilities for end users but also aims to make a meaningful impact on environmental conservation and energy efficiency.

Spear Power Systems

Series B in 2019
Spear Power Systems, LLC specializes in the design and manufacture of lithium-ion battery storage systems tailored for demanding applications across various industries, including defense, marine propulsion, oil and gas, and mining. Founded in 2013 and headquartered in Grandview, Missouri, the company offers a diverse range of energy storage solutions, including lithium-ion cells, modules, and battery packs. Notably, their TRIDENT maritime batteries are available in multiple cell chemistries, allowing clients to choose between industry-leading energy density and ultra-high power density based on specific application requirements. Spear Power Systems emphasizes the provision of efficient, compact, and lightweight energy storage systems that facilitate easy transport and installation, ultimately maximizing value and minimizing deployment time for their customers.

Svante

Series C in 2019
Svante Inc., established in 2007 and headquartered in Burnaby, Canada, specializes in carbon capture and removal solutions. The company develops and manufactures novel solid sorbents, structured adsorbent filters, and rotary contactor machines for post-combustion industrial carbon capture and direct air capture. Svante's leading-edge technology captures and concentrates CO2 from heavy industries' emissions and the atmosphere, enabling customers to reduce capital costs and energy consumption. The company partners with global CCUS stakeholders to scale the industry and facilitate source-to-sink carbon capture projects.

Carbon Engineering

Private Equity Round in 2019
Carbon Engineering Ltd. is a clean energy company based in Squamish, Canada, that specializes in the development and commercialization of Direct Air Capture technology. Founded in 2009, the company focuses on capturing carbon dioxide (CO2) directly from the atmosphere, which allows for the management of emissions from a variety of distributed and mobile sources, including vehicles and buildings. Its innovative chemical-based CO2 air capture system integrates processes such as an air contactor and a regeneration cycle, enabling continuous capture and production of pure CO2. Carbon Engineering aims to convert captured CO2 into clean, affordable transportation fuels, addressing the global climate challenge by facilitating the deployment of its technology to help businesses reduce their carbon footprint and achieve net-zero targets.

Natron Energy

Venture Round in 2019
Natron Energy, Inc. is an energy storage company based in Santa Clara, California, founded in 2012. The company specializes in the development of sodium-ion batteries, utilizing unique Prussian Blue electrode materials to offer solutions for various industrial applications. These batteries are designed for stationary uses, including uninterruptible power supply systems, lift trucks, renewable energy smoothing, and integration into smart grids and microgrids. Natron's innovative batteries are characterized by their safety, sustainability, power density, and extended cycle life, providing a cost-effective energy storage option produced from widely available materials. The company also operates a software-defined power platform to enhance its energy storage solutions. Natron Energy was formerly known as Alveo Energy, Inc. before changing its name in March 2017.

Carbon Engineering

Series A in 2019
Carbon Engineering Ltd. is a clean energy company based in Squamish, Canada, that specializes in the development and commercialization of Direct Air Capture technology. Founded in 2009, the company focuses on capturing carbon dioxide (CO2) directly from the atmosphere, which allows for the management of emissions from a variety of distributed and mobile sources, including vehicles and buildings. Its innovative chemical-based CO2 air capture system integrates processes such as an air contactor and a regeneration cycle, enabling continuous capture and production of pure CO2. Carbon Engineering aims to convert captured CO2 into clean, affordable transportation fuels, addressing the global climate challenge by facilitating the deployment of its technology to help businesses reduce their carbon footprint and achieve net-zero targets.

Svante

Series C in 2018
Svante Inc., established in 2007 and headquartered in Burnaby, Canada, specializes in carbon capture and removal solutions. The company develops and manufactures novel solid sorbents, structured adsorbent filters, and rotary contactor machines for post-combustion industrial carbon capture and direct air capture. Svante's leading-edge technology captures and concentrates CO2 from heavy industries' emissions and the atmosphere, enabling customers to reduce capital costs and energy consumption. The company partners with global CCUS stakeholders to scale the industry and facilitate source-to-sink carbon capture projects.

BrightSource

Series F in 2012
BrightSource Energy, Inc. is a solar thermal technology company that specializes in designing, developing, and selling systems for utility-scale electric power plants both in the United States and internationally. The company utilizes fields of tracking mirrors, known as heliostats, which are controlled by proprietary software to concentrate sunlight onto a solar receiver/boiler unit, producing high-temperature steam. This steam can be harnessed for electricity generation via conventional steam turbines or for industrial applications, such as thermal enhanced oil recovery. In addition to its core technology, BrightSource provides comprehensive project development services that include site acquisition, permitting, and interconnection to the electrical grid. The company targets utility-scale solar thermal power project owners, contractors, and oil production companies, fostering strategic partnerships with notable firms in the industry. Founded in 2004 and headquartered in Oakland, California, BrightSource aims to offer low-cost, reliable clean energy solutions that help reduce dependency on fossil fuels.

BrightSource

Series E in 2011
BrightSource Energy, Inc. is a solar thermal technology company that specializes in designing, developing, and selling systems for utility-scale electric power plants both in the United States and internationally. The company utilizes fields of tracking mirrors, known as heliostats, which are controlled by proprietary software to concentrate sunlight onto a solar receiver/boiler unit, producing high-temperature steam. This steam can be harnessed for electricity generation via conventional steam turbines or for industrial applications, such as thermal enhanced oil recovery. In addition to its core technology, BrightSource provides comprehensive project development services that include site acquisition, permitting, and interconnection to the electrical grid. The company targets utility-scale solar thermal power project owners, contractors, and oil production companies, fostering strategic partnerships with notable firms in the industry. Founded in 2004 and headquartered in Oakland, California, BrightSource aims to offer low-cost, reliable clean energy solutions that help reduce dependency on fossil fuels.

LS9

Series D in 2010
LS9, known as the Renewable Petroleum Company, is a privately-held industrial biotechnology firm based in South San Francisco, California. The company focuses on the development and production of patent-pending UltraClean fuels and sustainable chemicals utilizing synthetic biology. By harnessing advanced industrial synthetic biology techniques, LS9 aims to create renewable petroleum biofuels that serve as eco-friendly alternatives to traditional fossil fuels.

Solazyme

Series D in 2010
Solazyme is a synthetic biology company that specializes in converting algal biomass into biofuels. Solazyme not only creates biofuels for the the transportation industry, but is experimenting with ways to tailor its products for the cosmetic and food industries.

LS9

Series C in 2009
LS9, known as the Renewable Petroleum Company, is a privately-held industrial biotechnology firm based in South San Francisco, California. The company focuses on the development and production of patent-pending UltraClean fuels and sustainable chemicals utilizing synthetic biology. By harnessing advanced industrial synthetic biology techniques, LS9 aims to create renewable petroleum biofuels that serve as eco-friendly alternatives to traditional fossil fuels.

Southwest Windpower

Series C in 2009
Southwest Windpower, established in 1987, is a leading global manufacturer and distributor of small wind turbines, with a strong focus on quality, performance, and reliability. The company has shipped over 180,000 wind turbines to more than 120 countries, serving a variety of applications including remote sites, utility-connected homes, industrial, recreational, and farming uses. Headquartered in Broomfield, Colorado, with manufacturing facilities in Flagstaff, Arizona, and operations in Cologne, Germany, Southwest Windpower is committed to providing wind products that offer the lowest cost of energy while maintaining high standards of aesthetics, quietness, and simplicity. The company's mission is to be a responsible global leader in the design, production, and provision of wind turbines up to 40kW.

BrightSource

Series C in 2008
BrightSource Energy, Inc. is a solar thermal technology company that specializes in designing, developing, and selling systems for utility-scale electric power plants both in the United States and internationally. The company utilizes fields of tracking mirrors, known as heliostats, which are controlled by proprietary software to concentrate sunlight onto a solar receiver/boiler unit, producing high-temperature steam. This steam can be harnessed for electricity generation via conventional steam turbines or for industrial applications, such as thermal enhanced oil recovery. In addition to its core technology, BrightSource provides comprehensive project development services that include site acquisition, permitting, and interconnection to the electrical grid. The company targets utility-scale solar thermal power project owners, contractors, and oil production companies, fostering strategic partnerships with notable firms in the industry. Founded in 2004 and headquartered in Oakland, California, BrightSource aims to offer low-cost, reliable clean energy solutions that help reduce dependency on fossil fuels.

Konarka Technologies

Series F in 2007
Konarka Technologies, Inc. develops and advances nano-enabled polymer photovoltaic materials for commercial, industrial, government, and consumer applications. It provides standard products to serve portable power needs; and custom solutions, such as roll up chargers, personal accessories, and fold up chargers. The company's products are used in outdoor, portable power, indoor and remote sensing, and mission critical applications. It has strategic partnerships with Air Products, 24 Innovations, Kurz, SkyShades, Chevron, Merck, Toppan Forms, Dupont, Siemens, and the U.S. Air Force. Konarka Technologies, Inc. was founded in 2001 and is headquartered in Lowell, Massachusetts with business development offices in Asia. It has a research and development facility in Austria. The company has operations in the United States, Europe, and Asia.

Southwest Windpower

Series B in 2007
Southwest Windpower, established in 1987, is a leading global manufacturer and distributor of small wind turbines, with a strong focus on quality, performance, and reliability. The company has shipped over 180,000 wind turbines to more than 120 countries, serving a variety of applications including remote sites, utility-connected homes, industrial, recreational, and farming uses. Headquartered in Broomfield, Colorado, with manufacturing facilities in Flagstaff, Arizona, and operations in Cologne, Germany, Southwest Windpower is committed to providing wind products that offer the lowest cost of energy while maintaining high standards of aesthetics, quietness, and simplicity. The company's mission is to be a responsible global leader in the design, production, and provision of wind turbines up to 40kW.

Southwest Windpower

Series B in 2006
Southwest Windpower, established in 1987, is a leading global manufacturer and distributor of small wind turbines, with a strong focus on quality, performance, and reliability. The company has shipped over 180,000 wind turbines to more than 120 countries, serving a variety of applications including remote sites, utility-connected homes, industrial, recreational, and farming uses. Headquartered in Broomfield, Colorado, with manufacturing facilities in Flagstaff, Arizona, and operations in Cologne, Germany, Southwest Windpower is committed to providing wind products that offer the lowest cost of energy while maintaining high standards of aesthetics, quietness, and simplicity. The company's mission is to be a responsible global leader in the design, production, and provision of wind turbines up to 40kW.

Konarka Technologies

Series B in 2002
Konarka Technologies, Inc. develops and advances nano-enabled polymer photovoltaic materials for commercial, industrial, government, and consumer applications. It provides standard products to serve portable power needs; and custom solutions, such as roll up chargers, personal accessories, and fold up chargers. The company's products are used in outdoor, portable power, indoor and remote sensing, and mission critical applications. It has strategic partnerships with Air Products, 24 Innovations, Kurz, SkyShades, Chevron, Merck, Toppan Forms, Dupont, Siemens, and the U.S. Air Force. Konarka Technologies, Inc. was founded in 2001 and is headquartered in Lowell, Massachusetts with business development offices in Asia. It has a research and development facility in Austria. The company has operations in the United States, Europe, and Asia.
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