Ørsted

Ørsted is a Danish company focused on renewable energy, primarily through the development, construction, and operation of offshore and onshore wind farms, bioenergy plants, and waste-to-energy solutions. Originally known as DONG Energy, the company underwent a significant transformation over the past decade, reducing coal consumption by 73% and committing to completely phase out coal by 2023. As a leader in offshore wind energy, Ørsted holds a 25% market share, providing power to approximately 9.5 million people. By the end of 2023, the company operates 8.9 gigawatts of offshore wind capacity, with the United Kingdom being its largest market, followed by Germany and Denmark. Ørsted is actively expanding its presence beyond Europe, with projects underway in Taiwan and the United States, where it also manages 4.8 gigawatts of onshore wind and solar assets. The company's vision is a world powered entirely by green energy.

Thomas Brostrøm

President of North America and CEO for US Offshore Wind

Rasmus Errboe

Deputy CEO and Chief Commercial Officer

5 past transactions

Deepwater Wind

Acquisition in 2018
Deepwater Wind, now known as Ørsted US Offshore Wind, is a developer of offshore wind and transmission projects based in Providence, Rhode Island, with an additional office in New Bedford. Founded in 2005, the company focuses on developing, constructing, operating, and managing utility-scale offshore wind farms throughout the United States. It leverages proven technology to harness ocean winds, providing clean and cost-effective electricity to various East Coast markets, including New York, Massachusetts, Rhode Island, Maryland, and New Jersey. The company is recognized for its experienced management team, which has extensive expertise in global renewable energy and marine projects. In November 2018, Deepwater Wind was rebranded as Ørsted US Offshore Wind, reflecting its status as a subsidiary of Ørsted A/S.

Autogrid

Series D in 2018
AutoGrid Systems, Inc. specializes in developing software applications for the energy sector, focusing on the management of distributed energy resources (DERs). The company's flagship products, including AutoGrid Flex and AutoGrid Engage, utilize artificial intelligence and machine learning to optimize and control energy resources in real time. AutoGrid Flex features modules for demand response optimization, virtual power plants, and energy storage management, while AutoGrid Engage serves as a customer energy data platform. By leveraging extensive data from smart meters and sensors, AutoGrid's applications enable utilities and energy service providers to deliver affordable, clean, and reliable energy. Established in 2010 and based in Redwood City, California, with additional offices in India, Japan, and the Netherlands, AutoGrid collaborates with notable clients such as Shell, FPL, and Xcel Energy, employing advanced analytics to address pressing energy challenges.

Lincoln Clean Energy

Acquisition in 2018
Lincoln Clean Energy is a developer, owner, and operator of clean power projects, specializing in wind and solar energy within the United States. The company has successfully developed projects with over $2 billion in capital investment, contributing to major electricity markets, including Texas, California, and New Jersey. Lincoln Clean Energy is currently engaged in the construction of more than 4,500 megawatts of clean energy projects, which include notable developments such as Oak Solar, Lone Valley, Horse Creek Wind, Electra Wind, and Willow Springs Windfarm. In late 2015, the company was acquired by I Squared Capital, positioning it for long-term ownership of its developed projects. With a strong track record in project development, Lincoln Clean Energy plans to invest over $250 million in equity capital to expand its portfolio of development projects.

Volta Charging

Series C in 2018
Volta Charging is a company that focuses on the design, installation, and maintenance of electric vehicle charging stations across the United States. Founded in 2010 and headquartered in San Francisco, it operates a network of charging stations funded by sponsor brands, which allows it to provide a valuable amenity to communities. By strategically placing charging stations in high-traffic areas, Volta Charging helps facilitate the transition from traditional combustion-powered vehicles to electric vehicles. This approach not only benefits consumers by providing convenient access to charging but also serves the commercial interests of site hosts and partners by enhancing their engagement with customers at crucial decision-making moments.

Carbon Trust

Venture Round in 2016
Carbon Trust, established in 2001 and based in London, is dedicated to promoting a sustainable, low-carbon economy by assisting businesses, governments, and organizations worldwide in reducing carbon emissions and enhancing resource efficiency. With a team of over 200 experts in sustainability, including engineers and policy specialists, the organization leverages nearly two decades of experience in the climate change sector. Carbon Trust collaborates with various entities to provide strategic guidance on carbon reduction plans, energy systems, and climate action strategies. Its focus areas include corporate sustainability, green finance, and offshore wind, among others. The firm reinvests profits from its commercial activities back into its mission, supporting efforts to address the global climate emergency.
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