Constellation Energy

Constellation Energy is a prominent supplier of energy products and services, catering to both wholesale and retail electric and natural gas customers. The company operates a diversified fleet of generating units across the United States and Canada, with a total generating capacity of approximately 9,000 megawatts. It is actively involved in the development of new nuclear plants and emphasizes the production of carbon-free energy. Constellation Energy provides a range of solutions for residential and commercial customers, including home services, energy efficiency upgrades, and HVAC systems. Its regulated utility, Baltimore Gas and Electric Company, serves Central Maryland, delivering electricity and natural gas. Additionally, the company has a venture capital arm, Constellation Technology Ventures, which invests in innovative energy technologies and business models to foster growth within the sector.

Nate Bender

Principal, Investments

Daniel Eggers

Executive Vice President and CFO

Bryan Hanson

Executive Vice President and Chief Generation Officer

Shounok Sinha

Managing Director, Investments

Tom Wasserman

Managing Director

Past deals in Energy

LevelTen Energy

Series C in 2021
LevelTen Energy, Inc. operates a renewable energy transaction marketplace that links corporate and industrial power buyers with power purchase agreements (PPAs) from utility-scale wind, solar, and storage projects. Founded in 2016 and based in Seattle, Washington, the company provides a technology-driven platform that enables a diverse range of customers to access renewable energy solutions. By aggregating buyers and sellers, LevelTen allows smaller corporate and industrial customers to engage with the same projects and terms typically available to larger energy purchasers. This innovative approach simplifies the procurement process, helping customers achieve their sustainability goals while stabilizing energy costs and eliminating the complexities of traditional request for proposal (RFP) processes.

Retail Electricity and Natural Gas - ConEdison

Acquisition in 2016
Retail Electricity and Natural Gas - ConEdison provides renewable energy sustainability services, cost-effective energy efficiency solutions, and energy performance contracting.

Essess

Venture Round in 2015
Essess is a technology company that specializes in improving building energy efficiency through its thermal imaging and data analytics platform. The company collects and analyzes energy performance data from a vast number of buildings, synthesizing this information into clear metrics and scores. Essess generates straightforward reports in plain language, making it accessible for building owners to understand potential energy losses and identify areas for improvement. By highlighting issues through easy-to-read thermal images, the platform enables users to implement solutions that enhance comfort and reduce energy costs, thereby promoting greater energy efficiency across large geographic areas.

Essess

Series B in 2014
Essess is a technology company that specializes in improving building energy efficiency through its thermal imaging and data analytics platform. The company collects and analyzes energy performance data from a vast number of buildings, synthesizing this information into clear metrics and scores. Essess generates straightforward reports in plain language, making it accessible for building owners to understand potential energy losses and identify areas for improvement. By highlighting issues through easy-to-read thermal images, the platform enables users to implement solutions that enhance comfort and reduce energy costs, thereby promoting greater energy efficiency across large geographic areas.

Direct Energy Solar

Series B in 2013
Direct Energy Solar, formerly known as Astrum Solar, is a prominent full-service solar provider operating primarily on the East Coast of the United States. The company specializes in facilitating the transition to solar energy for both residential and commercial customers, offering a comprehensive range of services that include system design, installation, and maintenance. By enabling homeowners to adopt solar power with little or no upfront costs, Direct Energy Solar allows them to reduce their electricity expenses while contributing to environmental sustainability. The firm serves a diverse market across several states, including Connecticut, Maryland, New Jersey, and Virginia, among others. With a focus on delivering exceptional customer experiences, Direct Energy Solar aims to empower individuals to take control of their energy consumption and lower their carbon footprints.

CPower

Acquisition in 2010
CPower, Inc. offers energy conservation and management consulting services. The company’s suite provides revenue generation, energy conservation measurement, usage forecasting, and strategic consulting services. Its clientele include CB Richard Ellis, Equity Office Properties,Morgan Stanley, Macy’s, Starwood Hotels, Hines Property Management, Forest City Ratner Corporation, Co-op City, Macklowe Properties, RFR Realty, New York Presbyterian Hospital, Newmark Properties, Douglas Elliman Property Management, The State of Massachusetts’ Division of Capital Asset Management, Lenox Hill Hospital, Cooper Square Realty, University of Massachusetts, Amherst, and Wentworth Management. CPower, Inc. was formerly known as ConsumerPowerline, Inc. and changed its name in September, 2008. The company was founded in 2000 and is based in New York, New York.
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