Climate Investment

The leaders of the ten major oil and gas companies, are committed to the direction set out by the Paris Agreement on climate change. They support its agenda for global action and the need for urgency. Through their collaboration in Oil and Gas Climate Initiative (OGCI), they can be a catalyst for change in their industry and more widely. OGCI aims to increase the ambition, speed and scale of the initiatives they undertake as individual companies to reduce the greenhouse gas footprint of their core oil and gas business – and to explore new businesses and technologies.

Marc van den Berg

Managing Director

35 past transactions

Norsepower

Series C in 2023
Norsepower Oy Ltd operates as a clean technology and engineering company focusing on generation of renewable wind energy for the global maritime industry. The company provides low-maintenance, software operated, and data verified auxiliary wind propulsion systems. Its rotor sail solution, a spinning cylinder that uses the magnus effect to harness wind power to propel a ship. The company was founded in 2012 and is based in Helsinki, Finland.

Turntide Technologies

Venture Round in 2022
Turntide Technologies (formerly Software Motor Company) has developed an efficient and intelligent electric motor system. The revolutionary Smart Motor System is based on proven switched reluctance technology, now managed with advanced cloud software and connected to precise controls via IoT. Turntide’s vision is to eliminate the 25% of global electricity consumption that is wasted by legacy motors, thus accelerating the world’s transition from fossil fuels. Turntide is based in Sunnyvale, California, with offices in San Francisco; Arlington, Washington; and Kennesaw, Georgia. Turntide has installed Smart Motor Systems with dozens of customers, reducing their motor electricity consumption by an average of 64%, and is powering the systems of leading OEMs.

Qnovo

Series C in 2022
Qnovo Incorporated, founded in 2009 and based in Newark, California, specializes in adaptive charging software for mobile devices. The company offers several solutions, including QNS, which allows smartphones to achieve rapid charge rates while prolonging battery life, and µQNS, designed for laptops with multi-cell battery packs. Additionally, Qnovo provides adaptive charging solutions for wearables, enhancing fast charging capabilities and extending battery lifespan. Its predictive analytics tools help device manufacturers and mobile carriers gain valuable insights into battery performance, ultimately reducing return costs. By leveraging patented adaptive fast charging algorithms, Qnovo aims to enhance the overall mobile experience, resulting in thinner devices, faster charging times, increased daily usage, and improved battery longevity.

Qnergy

Series C in 2021
Qnergy Inc. is a company that specializes in the development and manufacturing of Stirling engines and systems for various power applications, including residential, commercial, and industrial uses. Founded in 2009 and headquartered in Ogden, Utah, with additional offices in Calgary and Houston, Qnergy offers innovative solutions to generate electricity from diverse heat sources such as biofuels, natural gas, and waste heat. The company's technology is designed to be highly efficient, with a total efficiency exceeding 90%, making it suitable for micro-combined heat and power systems, solar power generation, and liquefied natural gas applications. Additionally, Qnergy provides compressed air pneumatics solutions that reduce methane emissions from pneumatic devices. By enabling on-site power generation, Qnergy helps its customers improve operational efficiency while minimizing their environmental impact.

Urbint

Series C in 2021
Urbint is an artificial intelligence company focused on enhancing infrastructure and utility safety through innovative technology. It develops AI-powered solutions that help utilities and infrastructure operators effectively minimize risks while optimizing resource allocation. By utilizing proprietary Models of the World and machine learning, Urbint enables risk-driven decision-making, which not only improves safety and reliability but also enhances affordability and reduces emissions. The company's technology is designed to predict and prevent threats to critical infrastructure and the workers responsible for its maintenance, thereby contributing to safer and more resilient communities. Urbint's approach includes identifying risks associated with the construction, servicing, replacement, and protection of infrastructure, ensuring that the right measures are taken at the right time.

Insight M

Series C in 2021
Kairos Aerospace provides large-scale, aerial monitoring of methane emissions. The company completed the first-ever basin-wide aerial survey for methane detection in its 2019 survey of the Permian Basin. Kairos Aerospace’s mission is to improve operational excellence for the oil and gas industry with cost-effective, efficient methane reductions at scale.

Metron

Series B in 2021
Metron, based in Paris, France, specializes in software solutions for the management, maintenance, and optimization of energy resources. Founded in 2013, the company operates an energy services platform that analyzes real-time energy and production data from industrial sites and interfaces with energy markets. Metron's predictive analytics application leverages big data to identify new opportunities for energy optimization, enhancing sustainability, efficiency, and productivity for its clients. The company positions itself at the intersection of the digital revolution and the energy transition, utilizing a combination of big data and artificial intelligence, supported by human expertise, to drive its development both in France and internationally. Metron-EVA®, their virtual assistant, plays a crucial role in deploying these innovative solutions across industrial sites worldwide.

75F

Series A in 2021
75F is a U.S.-based building intelligence company making smart building automation affordable and easy to deploy. 75F leverages IoT, Cloud Computing and Machine Learning for data-driven, proactive building intelligence and controls for HVAC, lighting and energy optimization. 75F's mission is to improve occupant productivity through enhanced comfort and indoor air quality – while saving energy and the environment. 75F is currently headquartered in Burnsville, Minnesota.

GHGSat

Series B in 2021
GHGSat Incorporated provides greenhouse gas emissions monitoring data and services. The company offers data products, including surface reflectance images, abundance datasets, concentration maps, and monitoring and emission rates. Its analysis services include monitoring of targeted sites, such as natural gas leaks from pipelines; emission rate estimations, including inventory analysis emission rate of species; augmented analysis of emissions; mosaics of commercial satellite imagery products; and trending analysis of emissions from individual sites, or grouped sites. The company offers its products through a network of resellers to oil and gas, power generation, mining, waste management, and agriculture markets in Canada and internationally. GHGSat Incorporated was founded in 2011 and is based in Montreal, Canada.

SeekOps

Series B in 2021
SeekOps Inc. specializes in leak detection services for oil and gas service providers and regulators. The company offers quantification and handheld concentration measurement services, catering to customers both in the United States and internationally. Founded in 2017 and based in Austin, Texas, SeekOps delivers comprehensive gas emissions inspection operations to meet industry needs.

Solidia Technologies

Venture Round in 2021
Solidia Technologies enables next generation products that offer superior performance while significantly minimizing environmental impact. Solidia is an advanced materials company, focusing on developing scalable solutions for the world of building and construction materials. Their technology enables the design of next generation products made by low energy processes that utilize waste materials and consume CO2. The products offer superior performance and value when compared to cement, concrete and stone while significantly minimizing environmental impact.

Andium

Series A in 2021
Andium Inc. develops and manufactures cloud-based computing devices aimed at real-time data management. The company’s product line includes the Andium Industrial Edge v2.0, which is designed for data monitoring and sensor management specifically in oil and gas applications, the Andium Flow Computer v1.2 for gas volumetric flow computation, and Andium Truck Wi-Fi, a solution that enhances in-vehicle digital communications for fleet connectivity. Founded in 2014 and headquartered in New York, Andium was previously known as Mobile Iris, Inc. before rebranding in June 2016. The company emphasizes bringing advanced computing capabilities to compact, cost-effective hardware, making sophisticated technology more accessible.

Svante

Series D in 2021
Svante specializes in providing innovative solutions for capturing large-scale CO2 emissions from emissions-intensive industries. The company offers a commercially viable method to capture carbon dioxide from existing infrastructure, allowing for either safe storage or recycling for industrial use in a closed loop. Svante's technology stands out by enabling CO2 capture at less than half the capital cost of traditional solutions, making industrial-scale carbon capture both feasible and efficient. The company is supported by a distinguished Board of Directors, including notable figures such as Nobel Laureate Steven Chu and former Airbus Group Chief Technical Officer Jean Botti, which underscores its commitment to advancing carbon capture technologies.

Boston Metal

Series B in 2021
Boston Metal is a provider of industrial-scale, metals production solutions utilizing its Molten Oxide Electrolysis (MOE) process. MOE provides the metals industry with a more efficient, lower cost, and greener solution for the production of a wide array of metals and alloys from a wide variety of feedstocks. Boston Metal was spun-out of MIT in 2012 with an investment from Ingo Wender and has since scaled the technology 1,000x and produced thousands of kilograms of metal. Boston Metal’s headquarters and industrial development center are located in Woburn, MA.

GHGSat

Series B in 2020
GHGSat Incorporated provides greenhouse gas emissions monitoring data and services. The company offers data products, including surface reflectance images, abundance datasets, concentration maps, and monitoring and emission rates. Its analysis services include monitoring of targeted sites, such as natural gas leaks from pipelines; emission rate estimations, including inventory analysis emission rate of species; augmented analysis of emissions; mosaics of commercial satellite imagery products; and trending analysis of emissions from individual sites, or grouped sites. The company offers its products through a network of resellers to oil and gas, power generation, mining, waste management, and agriculture markets in Canada and internationally. GHGSat Incorporated was founded in 2011 and is based in Montreal, Canada.

OnTruck

Venture Round in 2020
OnTruck is a technology-driven platform that facilitates regional merchandise transport by connecting businesses with a network of professional freight carriers. The service allows companies to obtain immediate and transparent pricing for shipping pallets of goods, streamlining the process of scheduling shipments, which can be completed in under two minutes. OnTruck operates in Spain and the United Kingdom, covering areas such as Madrid, Catalonia, Valencia, and London. The platform offers real-time tracking of shipments and aims to optimize the use of industrial vehicles by efficiently generating delivery routes, thereby minimizing empty kilometers traveled. Additionally, OnTruck's pricing is competitive, providing rates that can be up to 50% lower than typical industry standards. The company utilizes artificial intelligence to match shipments with the appropriate carriers quickly, enhancing the overall efficiency of freight management.

Qnergy

Series B in 2020
Qnergy Inc. is a company that specializes in the development and manufacturing of Stirling engines and systems for various power applications, including residential, commercial, and industrial uses. Founded in 2009 and headquartered in Ogden, Utah, with additional offices in Calgary and Houston, Qnergy offers innovative solutions to generate electricity from diverse heat sources such as biofuels, natural gas, and waste heat. The company's technology is designed to be highly efficient, with a total efficiency exceeding 90%, making it suitable for micro-combined heat and power systems, solar power generation, and liquefied natural gas applications. Additionally, Qnergy provides compressed air pneumatics solutions that reduce methane emissions from pneumatic devices. By enabling on-site power generation, Qnergy helps its customers improve operational efficiency while minimizing their environmental impact.

Insight M

Series C in 2020
Kairos Aerospace provides large-scale, aerial monitoring of methane emissions. The company completed the first-ever basin-wide aerial survey for methane detection in its 2019 survey of the Permian Basin. Kairos Aerospace’s mission is to improve operational excellence for the oil and gas industry with cost-effective, efficient methane reductions at scale.

XL Fleet

Convertible Note in 2019
XL Fleet is a provider of electrified powertrain solutions for commercial fleet vehicles. The company provides real-time data monitoring and analytics and will expand its “Electrification-as-a Service” solution, which includes power management, charging infrastructure, and onsite power and storage offerings. XL has developed a flexible proprietary electrification powertrain platform that transforms traditional fossil fuel-powered fleet vehicles into hybrid and plug-in hybrid electric vehicles as they are manufactured.

Norsepower

Venture Round in 2019
Norsepower Oy Ltd operates as a clean technology and engineering company focusing on generation of renewable wind energy for the global maritime industry. The company provides low-maintenance, software operated, and data verified auxiliary wind propulsion systems. Its rotor sail solution, a spinning cylinder that uses the magnus effect to harness wind power to propel a ship. The company was founded in 2012 and is based in Helsinki, Finland.

SeekOps

Series A in 2019
SeekOps Inc. specializes in leak detection services for oil and gas service providers and regulators. The company offers quantification and handheld concentration measurement services, catering to customers both in the United States and internationally. Founded in 2017 and based in Austin, Texas, SeekOps delivers comprehensive gas emissions inspection operations to meet industry needs.

75F

Series A in 2019
75F is a U.S.-based building intelligence company making smart building automation affordable and easy to deploy. 75F leverages IoT, Cloud Computing and Machine Learning for data-driven, proactive building intelligence and controls for HVAC, lighting and energy optimization. 75F's mission is to improve occupant productivity through enhanced comfort and indoor air quality – while saving energy and the environment. 75F is currently headquartered in Burnsville, Minnesota.

Svante

Series C in 2019
Svante specializes in providing innovative solutions for capturing large-scale CO2 emissions from emissions-intensive industries. The company offers a commercially viable method to capture carbon dioxide from existing infrastructure, allowing for either safe storage or recycling for industrial use in a closed loop. Svante's technology stands out by enabling CO2 capture at less than half the capital cost of traditional solutions, making industrial-scale carbon capture both feasible and efficient. The company is supported by a distinguished Board of Directors, including notable figures such as Nobel Laureate Steven Chu and former Airbus Group Chief Technical Officer Jean Botti, which underscores its commitment to advancing carbon capture technologies.

Boston Metal

Series A in 2019
Boston Metal is a provider of industrial-scale, metals production solutions utilizing its Molten Oxide Electrolysis (MOE) process. MOE provides the metals industry with a more efficient, lower cost, and greener solution for the production of a wide array of metals and alloys from a wide variety of feedstocks. Boston Metal was spun-out of MIT in 2012 with an investment from Ingo Wender and has since scaled the technology 1,000x and produced thousands of kilograms of metal. Boston Metal’s headquarters and industrial development center are located in Woburn, MA.

Svante

Series C in 2019
Svante specializes in providing innovative solutions for capturing large-scale CO2 emissions from emissions-intensive industries. The company offers a commercially viable method to capture carbon dioxide from existing infrastructure, allowing for either safe storage or recycling for industrial use in a closed loop. Svante's technology stands out by enabling CO2 capture at less than half the capital cost of traditional solutions, making industrial-scale carbon capture both feasible and efficient. The company is supported by a distinguished Board of Directors, including notable figures such as Nobel Laureate Steven Chu and former Airbus Group Chief Technical Officer Jean Botti, which underscores its commitment to advancing carbon capture technologies.

Kelvin

Series B in 2018
Kelvin Inc. is a technology company based in San Francisco, California, established in 2013. It specializes in the design and development of the Kelvin Oil App, a software solution that leverages artificial intelligence to automate the optimization and operation of physical systems, specifically catering to the oil field markets. By utilizing advanced A.I. techniques, Kelvin aims to simplify the management of complex systems, enhancing operational efficiency and effectiveness for its clients in the industry.

Insight M

Series B in 2018
Kairos Aerospace provides large-scale, aerial monitoring of methane emissions. The company completed the first-ever basin-wide aerial survey for methane detection in its 2019 survey of the Permian Basin. Kairos Aerospace’s mission is to improve operational excellence for the oil and gas industry with cost-effective, efficient methane reductions at scale.

Clarke Valve

Series B in 2018
Clarke Valve is a developer of energy-saving shutter valves designed to work in a variety of industrial and aerospace applications. The company's technology can be easily scaled or customized to meet many challenging requirements and is currently deployed in a diverse spectrum of markets, including oil and gas, aerospace, chemical, power plants, and water management. Its valves offer a combination of zero pressure drop, zero flow restriction, full pluggability, precise flow control, negligible turbulence, low cavitation, low water hammer, low noise, ultra-thin footprint, low power consumption, plug and play adaptability and long-term reliability, that enable power plants, oil and gas facilities, and chemical plants to efficiently use these valves in various challenging applications. Clarke Valve was established in 2011 and is headquartered in North Kingstown, Rhode Island.

GHGSat

Series A in 2018
GHGSat Incorporated provides greenhouse gas emissions monitoring data and services. The company offers data products, including surface reflectance images, abundance datasets, concentration maps, and monitoring and emission rates. Its analysis services include monitoring of targeted sites, such as natural gas leaks from pipelines; emission rate estimations, including inventory analysis emission rate of species; augmented analysis of emissions; mosaics of commercial satellite imagery products; and trending analysis of emissions from individual sites, or grouped sites. The company offers its products through a network of resellers to oil and gas, power generation, mining, waste management, and agriculture markets in Canada and internationally. GHGSat Incorporated was founded in 2011 and is based in Montreal, Canada.

Insight M

Series B in 2018
Kairos Aerospace provides large-scale, aerial monitoring of methane emissions. The company completed the first-ever basin-wide aerial survey for methane detection in its 2019 survey of the Permian Basin. Kairos Aerospace’s mission is to improve operational excellence for the oil and gas industry with cost-effective, efficient methane reductions at scale.

Svante

Series C in 2018
Svante specializes in providing innovative solutions for capturing large-scale CO2 emissions from emissions-intensive industries. The company offers a commercially viable method to capture carbon dioxide from existing infrastructure, allowing for either safe storage or recycling for industrial use in a closed loop. Svante's technology stands out by enabling CO2 capture at less than half the capital cost of traditional solutions, making industrial-scale carbon capture both feasible and efficient. The company is supported by a distinguished Board of Directors, including notable figures such as Nobel Laureate Steven Chu and former Airbus Group Chief Technical Officer Jean Botti, which underscores its commitment to advancing carbon capture technologies.

Econic Technologies

Venture Round in 2018
Econic Technologies Ltd. is a chemical technology company based in Macclesfield, United Kingdom, that specializes in developing catalysts and processes to produce polymers and polyurethanes from carbon dioxide and epoxides. Founded in 2011, the company aims to transform waste CO2 into valuable products, thereby reducing reliance on fossil fuels and contributing to environmental sustainability. Its product portfolio includes polycarbonates and polycarbonate polyols, which are utilized in various applications such as mattresses, home insulation, footwear, packaging materials, and coatings for construction surfaces. The company's innovative technologies have been patented and validated through pilot operations, with ongoing investments supporting its growth. A dedicated team of scientists and engineers operates from a modern facility at Alderley Park, focusing on advancing its mission to convert greenhouse gas emissions into beneficial commercial products.

Solidia Technologies

Series C in 2017
Solidia Technologies enables next generation products that offer superior performance while significantly minimizing environmental impact. Solidia is an advanced materials company, focusing on developing scalable solutions for the world of building and construction materials. Their technology enables the design of next generation products made by low energy processes that utilize waste materials and consume CO2. The products offer superior performance and value when compared to cement, concrete and stone while significantly minimizing environmental impact.

Achates Power

Series D in 2017
Achates Power, Inc. develops and manufactures advanced internal combustion engines for various industries, including commercial trucking, passenger vehicles, military, maritime, and stationary power sectors, both in the United States and internationally. The company specializes in opposed-piston, two-stroke, and compression ignition engines, aiming to create more efficient and environmentally friendly power solutions. In addition to engine development, Achates Power offers engineering services to assist clients in designing engines and provides technology licenses for access to their designs, expertise, and patents. Founded in 2004, the company is headquartered in San Diego, California, and boasts a team of experienced engineers and scientists dedicated to leveraging cutting-edge testing, simulation, and analysis tools in their work.

Kelvin

Series A in 2016
Kelvin Inc. is a technology company based in San Francisco, California, established in 2013. It specializes in the design and development of the Kelvin Oil App, a software solution that leverages artificial intelligence to automate the optimization and operation of physical systems, specifically catering to the oil field markets. By utilizing advanced A.I. techniques, Kelvin aims to simplify the management of complex systems, enhancing operational efficiency and effectiveness for its clients in the industry.
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