Utility Global
Series C in 2024
Utility Global, Inc. is a technology company based in Provo, Utah, founded in 2018. It specializes in the design and development of innovative solutions for manufacturing, sensing, control, and nanotechnology, with a focus on its proprietary gas production technology known as eXERO™. This technology features a unique reactor that converts variable industrial process gases into high-purity hydrogen and a concentrated CO2 stream, facilitating on-site carbon capture without requiring electricity. The hydrogen produced can be utilized as a replacement for coke in steelmaking, while the high purity of the CO2 stream simplifies and reduces the costs associated with carbon capture. Through its advancements, Utility Global aims to contribute to a low-carbon future and support the decarbonization of the steel industry.
Vallourec is a leading provider of premium tubular solutions, primarily catering to the energy sector and demanding industrial applications, including oil and gas wells, power plants, architectural projects, and high-performance mechanical equipment. With over 50 years of experience, the company has established itself as a significant player in the seamless precision steel tube market, holding a substantial market share in Europe. Vallourec's operations are organized into several business segments, including Seamless Tubes, Specialty Products, and various holding companies. The company's diverse product portfolio features a wide range of seamless tubes, specialty tubes, and related connections and accessories. Vallourec serves a broad geographic market, with its primary revenue sources stemming from North America, while also maintaining a presence in Europe, South America, Asia, and other regions.
CHAR Technologies
Post in 2023
CHAR Technologies is a Canada-based cleantech development and environmental services company that specializes in high-temperature pyrolysis converting woody biomass and organic materials into renewable energy, including renewable natural gas and green hydrogen, and into valuable biocarbon such as biocoal CleanFyre, biochar, or activated biochar (SulfaCHAR). It also provides environmental services, including environmental compliance, management, engineering, resource efficiency, and site investigations and remediation, as well as custom equipment for industrial water treatment. The company operates through subsidiaries including Char Biocarbon, Altech Environmental Consulting, Char Technologies Thorold, and Char Technologies USA. Its technology enables gas cleaning and remediation applications, with SulfaCHAR used to remove hydrogen sulfide from gas streams and potentially repurposed as a sulfur-enriched soil amendment.
LanzaTech, Inc. is a carbon recycling company based in Skokie, Illinois, with additional offices in Roselle, Illinois; Shanghai, China; and Gurgaon, India. Founded in 2005, the company specializes in producing fuel ethanol from renewable non-food resources, including industrial flue gases and waste gases generated from municipal solid waste and biomass gasification. LanzaTech’s innovative technology converts carbon emissions into valuable products, effectively retrofitting industrial emission sources, such as steel mills, to create sustainable fuels, fabrics, and packaging. By recycling carbon from various sources, the company aims to displace a significant portion of crude oil use and contribute to a circular carbon economy, ultimately reducing global CO2 emissions. LanzaTech's approach not only addresses the carbon crisis but also provides a pathway for sustainable consumer goods.
Boston Metal
Series C in 2023
Boston Metal, founded in 2012 as a spinout from MIT, is a metallurgy company headquartered in Woburn, MA. It specializes in developing technology to reduce the carbon footprint of steel production through its Molten Oxide Electrolysis (MOE) process. This industrial-scale solution enables efficient, lower-cost, and greener production of various metals and alloys from diverse feedstocks. Boston Metal has significantly scaled its technology and produced substantial quantities of metal since its inception.
Riwald Recycling
Acquisition in 2022
Riwald Recycling is a company specializing in the recycling of a diverse range of materials, including electrical household equipment, industrial residual flows, and even entire trains and airplanes. The company plays a significant role in the circular economy by supplying high-quality recycled metals such as iron turnings, beam iron, and clipping iron to clients globally. Through its operations, Riwald Recycling contributes to sustainable material use, addressing the growing demand for eco-friendly recycling solutions. The company processes hundreds of thousands of tonnes of waste annually, thereby promoting resource recovery and reducing environmental impact.
Sirros IoT
Seed Round in 2022
Sirros IoT is a technology company that specializes in developing Internet of Things (IoT) systems tailored for industrial use. Their primary product is an advanced data collection and analysis platform designed to enhance operational efficiency. This platform captures intricate data from various sensors, cameras, and Overall Equipment Effectiveness (OEE) integrations, centralizing all operations data onto a unified system. By leveraging this platform, clients can optimize their productivity, reduce costs, monitor efficiency, and make informed decisions through artificial intelligence integration.
Companhia Siderúrgica do Pecém
Acquisition in 2022
Companhia Siderúrgica do Pecém is an industrial company based in Brazil that specializes in the production and export of steel slabs. It operates as a bi-national joint venture, with a 50% stake held by Brazilian mining giant Vale S.A., a 30% stake by South Korean Dongkuk Steel, and a 20% stake by Posco, one of the largest steelmakers globally. The company plays a significant role in the steel industry by leveraging its partnerships to enhance production capabilities and serve international markets.
John Lawrie Metals
Acquisition in 2022
John Lawrie Metals is a scrap metal recycling company that specializes in the collection, processing, and recycling of various types of scrap metal. The company serves both large and small-scale industrial clients as well as domestic waste generators, providing comprehensive solutions for the removal, storage, and recycling of metal materials. By facilitating the reuse of scrap metal, John Lawrie Metals assists clients in minimizing their environmental impact and advancing their sustainability objectives. Through its recycling services, the company contributes to the conservation of natural resources and promotes responsible waste management practices.
H2Pro Ltd., established in 2019 and headquartered in Caesarea, Israel, specializes in developing innovative water-splitting technology for green hydrogen production. The company's proprietary E-TAC (Electrochemical–Thermally-Activated Chemical) process decouples the hydrogen and oxygen evolution reactions, enabling efficient, affordable, safe, and sustainable hydrogen fuel generation. H2Pro aims to facilitate widespread adoption of sustainable hydrogen fuel through its novel technology.
Heliogen, Inc. is a clean energy company based in Pasadena, California, that specializes in renewable energy technology aimed at replacing fossil fuels in heavy industries. Founded in 2013, Heliogen has developed an AI-enabled, modular concentrated solar system that efficiently harnesses sunlight to produce hydrogen and syngas fuels. Its offerings include HelioMax, a closed-loop control system for electricity generation and process heat; HelioHeat, which provides carbon-free high-temperature heat for sectors such as cement, refining, and mining; and HelioFuel, renewable fuels suitable for transportation, heavy equipment, and residential heating. Heliogen's innovative approach aspires to deliver cost-effective, near 24/7 carbon-free energy at scale, marking a significant advancement in sustainable energy solutions.
LanzaTech
Funding Round in 2021
LanzaTech, Inc. is a carbon recycling company based in Skokie, Illinois, with additional offices in Roselle, Illinois; Shanghai, China; and Gurgaon, India. Founded in 2005, the company specializes in producing fuel ethanol from renewable non-food resources, including industrial flue gases and waste gases generated from municipal solid waste and biomass gasification. LanzaTech’s innovative technology converts carbon emissions into valuable products, effectively retrofitting industrial emission sources, such as steel mills, to create sustainable fuels, fabrics, and packaging. By recycling carbon from various sources, the company aims to displace a significant portion of crude oil use and contribute to a circular carbon economy, ultimately reducing global CO2 emissions. LanzaTech's approach not only addresses the carbon crisis but also provides a pathway for sustainable consumer goods.
Heliogen
Corporate Round in 2021
Heliogen, Inc. is a clean energy company based in Pasadena, California, that specializes in renewable energy technology aimed at replacing fossil fuels in heavy industries. Founded in 2013, Heliogen has developed an AI-enabled, modular concentrated solar system that efficiently harnesses sunlight to produce hydrogen and syngas fuels. Its offerings include HelioMax, a closed-loop control system for electricity generation and process heat; HelioHeat, which provides carbon-free high-temperature heat for sectors such as cement, refining, and mining; and HelioFuel, renewable fuels suitable for transportation, heavy equipment, and residential heating. Heliogen's innovative approach aspires to deliver cost-effective, near 24/7 carbon-free energy at scale, marking a significant advancement in sustainable energy solutions.
Guaranteed
Venture Round in 2019
Guaranteed specializes in the repair and rebuild of large industrial components, utilizing direct energy deposition technologies. This innovative approach enables the on-demand repair and rebuilding of slow-moving parts, significantly reducing lead times and minimizing the reliance on new raw materials. By avoiding the costs associated with storage and transportation, Guaranteed serves various heavy industries, including mining, oil and gas, railway, maritime, and energy. The company also offers advanced simulation, monitoring, and inspection tools to ensure high-quality, defect-free production outcomes.
ILVA S.p.A.
Acquisition in 2018
ILVA S.p.A. produces and distributes iron and steel products.
Exosun
Acquisition in 2018
Exosun designs, develops and markets solar tracking systems, including the Exotrack line, and provides services covering the entire life cycle of solar power plants. The company aims to lower the cost of solar electricity by using trackers optimized for both photovoltaic and concentrated solar power applications. It is active in research and development to advance concentrated solar technologies and supports utility-scale projects, helping energy producers increase energy yields and improve return on investment.
Thyssenkrupp Steel USA
Acquisition in 2013
Thyssenkrupp Steel USA, LLC manufactures fabricated structural metal, steel, other metal products for structural purposes.
Baffinland Iron Mines
Acquisition in 2011
Baffinland Iron Mines Corporation is engaged in the exploration and development of iron ore projects in the Qikiqtani Region of Nunavut, Canada, specifically on Baffin Island. Founded in 1986 and headquartered in Oakville, Ontario, the company operates the Mary River property, which comprises nine high-grade iron ore deposits located at approximately 72 degrees north by 79 degrees west. Baffinland Iron Mines has additional offices in several communities across Nunavut, including Iqaluit, Arctic Bay, Clyde River, Hall Beach, Igloolik, and Pond Inlet. As of February 2011, it functions as a subsidiary of Nunavut Iron Ore Inc.
Dubai Steel Trading Company
Acquisition in 2009
Dubai Steel Trading Company, LLC distributes finished steel products to the construction market.
Solyndra is a manufacturer of cylindrical panels utilizing CIGS thin-film solar cell technology, located in Fremont, California. Established in 2005, the company focuses on designing and producing photovoltaic systems that include both panels and mounting hardware specifically for the commercial rooftop market. Solyndra employs high-volume manufacturing techniques to address the needs of the global solar industry. Its proprietary cylindrical modules are engineered to achieve low installation costs while maximizing solar energy output, particularly on low-slope commercial rooftops. The company operates a fully-automated manufacturing facility spanning 300,000 square feet, underscoring its commitment to efficiency and innovation in solar technology.
Galvex OÜ
Acquisition in 2008
Galvex OÜ owns and operates steel galvanizing plant at the Muugu Port in Tallinn, Estonia. It engages in the production of corrosion resistant and zinc coated sheet steel in commercial and structural grades that are used in the building industry.
Eisen Wagner
Acquisition in 2008
Eisen Wagner is a privately held company that distributes steel and steel products. Eisen Wagners is a specialist for home, craft, and industry.
Cinter S.A.
Acquisition in 2007
Cinter S.A. produces carbon and aluminized carbon steel products, and tubes for the automotive industry. The company offers various tubes, such as square, rectangular and ovoid sections, coils, steel strips, and flat sheets.
M.T. Majdalani Y Cia. S.A.
Acquisition in 2007
M.T. Majdalani Y Cia. S.A. manufactures stainless steel sheets in Argentina. Its products include plates coils straps, pipes and tubes, steel flats, steel angles, electrodes, bars, sanitary pipeline fittings, valves, and flanges.
Vallourec Composants Automobiles Vitry
Acquisition in 2007
Vallourec Composants Automobiles Vitry engages in chassis, energy absorption and passive safety functions.
NSD Limited, a leading steel distribution company specialising in sales of heavy sections and tubes based in Scunthorpe, North Lincolnshire, UK, in order to increase its commercial presence in the UK market.
Sicartsa
Acquisition in 2006
Sicartsa is a fully integrated producer of long steel, with an annual production capacity of approximately 2.7 million tonnes from its facilities in Mexico and Texas, USA. Through its wholly owned mine, linked directly to the plant via a slurry pipeline, Sicartsa has estimated iron ore reserves of 160 million tonnes, providing 30 years of reserves at current production rates.
Ispat Inland
Acquisition in 2005
Ispat Inland Inc. produces and distributes steel and related products in the United States. Its Flat Products division manages the company's iron ore and iron making operations, conducts its ironmaking operations, and produces its raw steel.
Ispat Unimetal S.A.
Acquisition in 1999
Ispat Unimetal S.A. manufactures and markets steel products. Its products includes long / wire rod, and bars.