Chevron

Chevron Corporation is a leading integrated energy company involved in various aspects of the oil and gas industry, including exploration, production, refining, marketing, and chemicals manufacturing. Headquartered in San Ramon, California, the company operates globally, with significant production activities across North America, South America, Europe, Africa, Asia, and Australia. Chevron produces approximately 3.1 million barrels of oil equivalent per day, alongside refining capacity of 1.8 million barrels per day. The company markets fuels, lubricants, and petrochemical products under well-known brands such as Chevron, Texaco, and Caltex. Additionally, Chevron Technology Ventures serves as the company's venture capital arm, investing in early-stage companies and emerging technologies to enhance operational efficiency and foster future energy solutions, including renewable energy and advanced materials. Chevron is committed to developing technology for hydrogen-powered fuel cells and other sustainable energy resources while maintaining a strong focus on traditional oil and gas operations.

Karl Allen

Principal

Kemal Anbarci

Vice President and Managing Executive

Paul Bennett

Vice President and Treasurer

Nicholas Brumvele

Investor

Thomas Bunting

Principal

Barbara Burger

President

JB Clavaud

Investor

Stuart Coleman

Principal

Edem Dzakpasu

Principal

Chevron Equipment Finance

Finance Broker

Niaz Faruqui

Principal

Nabeel Hasnain

Principal

James Johnson

Executive Vice President and Executive

Pawel Konzal

Investor

Bruce L. Niemeyer

Vice President, Strategic Planning

Ryan Owen

Investor

Rich Pardoe

Venture Executive

Luca Rigo de Righi

Investor

Michael K. Wirth

Chairman of the Board and CEO

Past deals in Energy Storage

Zap Energy

Series C in 2022
Zap Energy, Inc. is a Seattle-based company incorporated in 2017 that specializes in the design and manufacture of sheared-flow stabilized Z-Pinch fusion reactors for power plants. The company's innovative approach stabilizes plasma using sheared flows instead of traditional magnetic fields, which allows for the creation of a magnetic field through electric current. This method effectively confines and compresses the plasma, resulting in higher pressure and density. Zap Energy aims to provide a low-carbon, cost-effective, and flexible energy solution through its compact and scalable fusion reactor technology, positioning itself as a leader in the pursuit of commercially viable fusion energy.

Hydrogenious Technologies

Venture Round in 2021
Founded in 2013, Hydrogenious Technoloiges is a spin-off of the University of Erlangen-Nuremberg by its CEO Dr. Daniel Teichmann and the three co-founders Prof. Wolfgang Arlt, Prof. Peter Wasserscheid and Prof. Eberhardt Schlücker. The need for safe and efficient hydrogen storage for multi-MWh energy storage systems and safe and reliable hydrogen storage for hydrogen refuelling stations and fuel cell mobility was imminent – and Liquid Organic Hydrogen Carriers (LOHC) proved to be the solution. Having completed the technological proof of concept at the university’s laboratories, the idea became reality and Hydrogenious Technologies, a global pioneer in LOHC based energy storage, was born. With the University of Erlangen-Nuremberg becoming a shareholder in May 2014 and the successful close of a Series A funding round in July 2014 with Anglo American Platinum as investor, Hydrogenious Technologies is now backed with strong scientific, strategic and financial capacities to revolutionize large-scale energy and hydrogen storage.

Zap Energy

Series B in 2021
Zap Energy, Inc. is a Seattle-based company incorporated in 2017 that specializes in the design and manufacture of sheared-flow stabilized Z-Pinch fusion reactors for power plants. The company's innovative approach stabilizes plasma using sheared flows instead of traditional magnetic fields, which allows for the creation of a magnetic field through electric current. This method effectively confines and compresses the plasma, resulting in higher pressure and density. Zap Energy aims to provide a low-carbon, cost-effective, and flexible energy solution through its compact and scalable fusion reactor technology, positioning itself as a leader in the pursuit of commercially viable fusion energy.

Malta

Series B in 2021
Malta Inc. is a company that specializes in industrial-grade, grid-scale energy storage solutions, particularly through its innovative electro-thermal energy storage technology. Founded in 2018 and based in Cambridge, Massachusetts, Malta's system captures energy from various sources, including renewable (wind and solar) and fossil fuel generators. The process involves converting electrical energy into thermal energy, which is stored in molten salt and later reconverted back into electricity using a heat engine. This technology addresses the challenges of energy curtailment by improving the synchronization of energy generation with demand, thereby facilitating the efficient distribution of electricity to the grid as required. Malta was incubated at the Moonshot Factory and has garnered support from leading venture capital and commercial power industry stakeholders, contributing to its mission of enabling affordable and reliable electricity delivery.

Zap Energy

Series A in 2020
Zap Energy, Inc. is a Seattle-based company incorporated in 2017 that specializes in the design and manufacture of sheared-flow stabilized Z-Pinch fusion reactors for power plants. The company's innovative approach stabilizes plasma using sheared flows instead of traditional magnetic fields, which allows for the creation of a magnetic field through electric current. This method effectively confines and compresses the plasma, resulting in higher pressure and density. Zap Energy aims to provide a low-carbon, cost-effective, and flexible energy solution through its compact and scalable fusion reactor technology, positioning itself as a leader in the pursuit of commercially viable fusion energy.

Natron Energy

Series D in 2020
Natron Energy, Inc. is an energy storage company specializing in the development of sodium-ion batteries designed for industrial applications. Founded in 2012 and based in Santa Clara, California, the company focuses on delivering high power, long cycle life, and cost-effective battery solutions. Its products utilize a unique Prussian blue chemistry, making them suitable for a range of applications, including uninterruptible power supplies, lift trucks, renewable energy smoothing, smart grids, and electric vehicle fast charging. Natron Energy aims to provide efficient energy storage systems that can be economically produced using readily available materials and existing manufacturing processes, thus enhancing the performance and lifespan of batteries while maintaining low operating costs.

Puma Energy Australia

Acquisition in 2019
Puma Energy Australia Holdings Pty Ltd specializes in the storage, distribution, and retail sale of fuel products across various sectors. The company provides a wide range of offerings, including bulk fuels such as diesel, biodiesel, and aviation fuels, as well as oils, lubricants, and bitumen. Puma Energy operates a network of fuel service stations, unmanned sites, and bulk seaboard terminals, serving industries like mining, agriculture, transport, marine, and aviation. Additionally, the company offers fuel storage solutions and equipment for lease or sale, alongside customized fleet fuel card solutions and expert fuel management advice. Founded in 2010 and based in Hamilton, Australia, Puma Energy operates as a subsidiary of Chevron Australia Downstream Pty Ltd.

Spear Power Systems

Series B in 2019
Spear Power Systems, LLC specializes in the design and manufacture of lithium-ion battery storage systems tailored for demanding applications across various industries, including defense, marine propulsion, oil and gas, and mining. Established in 2013 and located in Grandview, Missouri, the company provides a diverse range of energy storage solutions, including lithium-ion cells, modules, and battery packs. Their TRIDENT maritime batteries feature multiple cell chemistries to offer industry-leading energy density or ultra-high power density, depending on specific application needs. Spear Power Systems also delivers integrated power services, ensuring that their efficient, compact, and lightweight energy storage systems can be easily transported and installed, thereby maximizing value and reducing deployment time for clients in sectors such as aerospace, renewable energy, communications, and medical.

Natron Energy

Venture Round in 2019
Natron Energy, Inc. is an energy storage company specializing in the development of sodium-ion batteries designed for industrial applications. Founded in 2012 and based in Santa Clara, California, the company focuses on delivering high power, long cycle life, and cost-effective battery solutions. Its products utilize a unique Prussian blue chemistry, making them suitable for a range of applications, including uninterruptible power supplies, lift trucks, renewable energy smoothing, smart grids, and electric vehicle fast charging. Natron Energy aims to provide efficient energy storage systems that can be economically produced using readily available materials and existing manufacturing processes, thus enhancing the performance and lifespan of batteries while maintaining low operating costs.

Soane Energy

Venture Round in 2009
Soane Energy is developing and applying innovative chemical solutions based on polymers and surface science to help meet this worldwide "hunger for energy" in a practical, immediate and environmentally responsible way. Through its contributions to the energy industry, Soane Energy believes it will have a profound effect on improving the health of the planet while generating significant returns to company shareholders.
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