Conduit Ventures

Conduit Ventures, established in 2001 and headquartered in London, is a private equity firm specializing in impact investments. It focuses on energy, renewable, and technology companies, operating globally across North America, Europe, Asia-Pacific, the Middle East, and Africa. The firm invests in critical points along the value chain, collaborating with strategic alliance partners to deliver business solutions in key growth markets. Its investment strategy is driven by the increasing demand for reliable, cost-competitive, and environmentally sustainable energy and water, presenting extraordinary opportunities in optimization solutions and low-carbon alternatives.

Andy Wei

Investment Manager

20 past transactions

Blue World Technologies

Seed Round in 2020
Blue World Technologies is a developer and manufacturer of methanol fuel cell components and systems aimed at the automotive, heavy-duty transportation, and stationary application sectors globally. Founded on January 1, 2018, in Aalborg, Nordjylland, by Mads Friis Jensen, Mads Bang, and Anders Korsgaard, the company offers a green alternative to traditional combustion engines and diesel generators. Its innovative approach focuses on high-temperature PEM technology combined with methanol-reforming, providing energy-efficient and sustainable solutions. Blue World Technologies enables clients to establish development and manufacturing operations in strategic markets, optimizing the supply chain and enhancing customer proximity.

SFC Energy

Post in 2019
SFC Energy AG specializes in developing, producing, and distributing power generation systems and components that utilize fuel cell technology for both off-grid and on-grid applications. The company operates in various sectors, including Oil & Gas, Defense & Security, Industry, and Clean Energy & Mobility. Its product offerings include SCADA systems for facility monitoring, energy automation solutions, and hybrid fuel cell systems like EFOY Pro, designed for off-grid power needs. Additionally, SFC Energy provides a range of portable power supplies, such as the JENNY fuel cell for mobile applications and the EFOY JUPITER hydrogen fuel cell for versatile energy solutions. The company, founded in 2000 and headquartered in Brunnthal, Germany, emphasizes innovation in mobile energy solutions and power management across its target markets, with a significant portion of its revenue derived from North America. SFC Energy was previously known as SFC Smart Fuel Cell AG until its name change in 2010.

TouGas Oilfield Solutions

Series D in 2015
TouGas Oilfield Solutions GmbH is a technology firm specializing in chemistry-based solutions for the oil and gas industry, both in Germany and internationally. Founded in 2013 and headquartered in Frankfurt am Main, the company develops engineered products and customized services aimed at enhancing operational efficiency and reducing costs for its clients. Its offerings include acid fracturing, acidizing with specialty corrosion inhibitors, well stimulation in high-temperature and high-pressure environments, polymer flooding for enhanced oil recovery, and hydraulic fracturing techniques that minimize fresh water usage. With a strong focus on innovation, TouGas holds an extensive portfolio of patents that support its manufacturing processes and product applications. The company also has sales offices in Houston, Texas, and Tokyo, Japan, to cater to its North American and Asian markets, respectively. As a subsidiary of Allessa GmbH, TouGas is committed to advancing environmentally sustainable practices within the oil and gas sector.

Hydrexia

Series B in 2013
Hydrexia is an Australian company that has successfully designed, built, and tested systems that stores hydrogen in solid form, based on a proprietary magnesium alloy.

Qingdao Centec Energy Management Company

Venture Round in 2010
Qingdao Centec Energy Management Company Ltd specializes in developing heat management systems for residential and commercial buildings. The company's key products include a proprietary heat allocation meter and a national data processing centre, which facilitate accurate data recording and efficient management of heat consumption for both utilities and customers. Centec plays a significant role in promoting energy efficiency in buildings, contributing to China's broader initiatives in urban development and energy conservation. Based in Qingdao, China, the company focuses on enabling customers to utilize energy systems more efficiently, aligning with the country's push towards sustainable energy solutions.

SFC Energy

Post in 2009
SFC Energy AG specializes in developing, producing, and distributing power generation systems and components that utilize fuel cell technology for both off-grid and on-grid applications. The company operates in various sectors, including Oil & Gas, Defense & Security, Industry, and Clean Energy & Mobility. Its product offerings include SCADA systems for facility monitoring, energy automation solutions, and hybrid fuel cell systems like EFOY Pro, designed for off-grid power needs. Additionally, SFC Energy provides a range of portable power supplies, such as the JENNY fuel cell for mobile applications and the EFOY JUPITER hydrogen fuel cell for versatile energy solutions. The company, founded in 2000 and headquartered in Brunnthal, Germany, emphasizes innovation in mobile energy solutions and power management across its target markets, with a significant portion of its revenue derived from North America. SFC Energy was previously known as SFC Smart Fuel Cell AG until its name change in 2010.

P21

Series E in 2009
P21, headquartered near Munich, specializes in energy-management solutions tailored for the telecommunications industry. Established in 2001, the company has developed patented hydrogen-powered PEM fuel cell systems and has demonstrated their effectiveness through various field tests with international mobile-telephony providers since 2004. P21 aims to replace diesel generators with zero-emission products and has expanded its offerings to include services that promote energy efficiency, monitoring, and cost reduction, while also contributing to lower CO2 emissions. The company's solutions cater to off-grid applications, such as monitoring stations and telecommunications facilities. P21 collaborates globally with reputable partners in the telecommunications and energy sectors to facilitate the installation and service of its products, supported by a dedicated workforce of 55 employees. Additionally, the company engages in educational and research initiatives focused on fuel-cell and solar-hydrogen technologies, helping clients enhance their productivity and sustainability efforts.

Heliocentris

Venture Round in 2009
Heliocentris Academia International specializes in energy management systems and hybrid power solutions tailored for distributed stationary industrial applications. The company develops advanced fuel cell systems specifically designed for telecommunication applications, as well as comprehensive renewable energy storage and management products. These offerings facilitate education, training, and applied research in clean energy technologies, including fuel cells, solar, wind, and hydrogen energy. Heliocentris' solutions significantly reduce CO2 emissions and operating costs, providing efficient and reliable energy alternatives for critical infrastructure such as telecommunications base stations and server stations. By creating intelligent, remote-controlled energy systems that integrate various components, Heliocentris contributes to a sustainable energy future while supporting the professional development of clean energy solutions.

VAIREX international

Series A in 2008
VAIREX International Limited specializes in designing, manufacturing, and supplying air management systems primarily for the hydrogen fuel cell and diesel emissions control markets. The company provides efficient air systems that include restrained vane compressors and regenerative blowers, which are equipped with integrated motors and controllers. Its clientele consists of original equipment manufacturers and Tier One suppliers in the fuel cell and diesel sectors, serving various applications such as industrial electric vehicles, power generation, and automotive markets across Europe, Asia, and North America. Established in 2007, VAIREX is headquartered in Cambridge, United Kingdom, with additional offices in Boulder, Colorado, and Tokyo, Japan.

Wal Fuel Systems

Venture Round in 2008
Wal Fuel Systems has develops and commercializes pre-engine treatment systems including advanced filtration technologies (fuel, oil, air), water separators for diesel engines meeting domestic Euro III emission standards. Wal is scaled up mass production and supplying customers locally and aboard. At the same time, Wal works with Chinese engine OEMs to develop and design the latest diesel engine models to comply with existing Euro III standards and prepare for future emissions limits.

Controlled Power Technologies

Venture Round in 2008
Controlled Power Technologies focuses on developing innovative driveline electrification technologies that help automotive manufacturers enhance fuel efficiency and reduce harmful emissions from internal combustion engines. Their products, which utilize advanced switched reluctance motor technology, offer effective solutions to meet stringent CO2 emission regulations and rising consumer demand for fuel economy. The company's offerings include SpeedStart®, an electric motor/generator that optimizes engine performance during various driving conditions; VTES, designed to improve air delivery in passenger car engines; TIGERS®, which captures waste energy from exhaust; and COBRA, aimed at enhancing efficiency in non-passenger car engines. By integrating these technologies, Controlled Power Technologies provides cost-effective alternatives for significant reductions in automotive carbon emissions without necessitating major redesigns of existing vehicles or engines.

Amminex

Series C in 2007
Amminex is a clean technology company founded by a group of Danish scientists from the Technical University of Denmark. The company specializes in the development of Ammonia Storage and Delivery Storage (ASDS) systems aimed at achieving series production. Additionally, Amminex is focused on creating the necessary processes for the large-scale production of its proprietary product, AdAmmine.

Nano Fusion Technologies

Venture Round in 2005
Nano Fusion Technologies Inc. is a Tokyo-based company that specializes in the development and commercialization of microfluidics products. Founded in 2004, the company focuses on electro-osmotic micropumps and microfluidics devices that enable precise control of micro-sized liquid delivery. These innovative products find applications in various sectors, including micro fuel cell systems, precision medical devices, and research and development within the biotech, pharmaceutical, and environmental industries. By leveraging proprietary technology, Nano Fusion Technologies aims to address the needs of industries requiring accurate and efficient fluid management.

Protonex Technology

Series C in 2005
Protonex Technology specializes in the development and manufacturing of portable fuel cell products and intelligent power management systems, catering to both military and commercial markets. The company aims to enhance energy efficiency and operational flexibility for military applications by providing mission-critical equipment. Protonex's innovative power solutions present significant advantages over traditional batteries and generators, addressing the evolving demands for portable power in various sectors.

Protonex Technology

Series B in 2005
Protonex Technology specializes in the development and manufacturing of portable fuel cell products and intelligent power management systems, catering to both military and commercial markets. The company aims to enhance energy efficiency and operational flexibility for military applications by providing mission-critical equipment. Protonex's innovative power solutions present significant advantages over traditional batteries and generators, addressing the evolving demands for portable power in various sectors.

PolyFuel

Series C in 2004
PolyFuel, Inc. is a company that designs, develops, engineers, and manufactures portable fuel cells aimed at enhancing the performance of electronic devices. Founded in 1999 and headquartered in Mountain View, California, PolyFuel focuses on creating advanced membranes and systems to address the power deficiencies in portable electronics. The company's innovations are intended to improve the efficiency and functionality of electronic-based products, catering to the growing demand for reliable and sustainable power solutions.

Protonex Technology

Series A in 2004
Protonex Technology specializes in the development and manufacturing of portable fuel cell products and intelligent power management systems, catering to both military and commercial markets. The company aims to enhance energy efficiency and operational flexibility for military applications by providing mission-critical equipment. Protonex's innovative power solutions present significant advantages over traditional batteries and generators, addressing the evolving demands for portable power in various sectors.

PEMEAS GmbH

Venture Round in 2004
PEMEAS GmbH is a supplier of fuel cell components. PEMEAS was founded in 2004 as a spin-off of the former Hoechst Group’s fuel cell activities. The company has approximately 50 employees and operates manufacturing and R&D facilities in Germany and the United States. PEMEAS is currently working with clients on projects to use fuel cells, for example, in portable electronics, residential applications or backup power systems.

CMR Fuel Cells

Series A in 2004
CMR Fuel Cells focuses on the development of micro power sources utilizing a unique and cost effective fuel cells for use in portable devices.

Cellex Power

Venture Round in 2002
Cellex Power specializes in the development of hybridized power systems that combine battery and fuel cell technologies, specifically tailored for powered industrial vehicles like forklift trucks. The company aims to replace traditional lead-acid battery systems with its innovative fuel cell solutions, enabling manufacturers of materials handling vehicles to enhance productivity while simultaneously reducing capital and operational expenditures. By focusing on these advancements, Cellex Power seeks to deliver significant cost savings and efficiency improvements in the industrial sector.
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