I Squared Capital

1NCE GmbH is a provider of Internet data connectivity services, specializing in narrowband and low bandwidth connections for business-to-business applications. Founded in 2017 and headquartered in Cologne, Germany, the company offers a unique IoT Flat Rate plan that provides reliable cellular connectivity and software services in 140 countries worldwide. This plan allows for a one-off payment of $10 for a decade of service, making it an affordable option for various IoT applications, including smart utilities, asset tracking, and vehicle telematics. 1NCE's offerings include multimode-support SIM cards that facilitate mobile communication between devices, ensuring global network coverage and scalable solutions for its clients. With a workforce of around 200 employees, the company also maintains offices in several international locations including Amsterdam, Hamburg, and Miami.

National Express is a provider of transportation services, specializing in school, shuttle, and public transit. The company offers a range of services, including home-to-school transportation, field trip transport, summer school transport, and charter transport. Additionally, it provides shuttle services and commuter transit, ensuring that students and other passengers can reach their destinations safely and punctually. National Express is committed to effective fleet and asset management, enhancing the reliability and efficiency of its transportation offerings.

Philippine Coastal Storage & Pipeline Corporation (PCSPC) is based in Olongapo, Philippines, and operates petroleum storage and pipeline facilities originally established at former US military bases, specifically the Subic Bay Naval Base and Clark Air Force Base. The company specializes in marine terminal operations, storage terminal services, and tank truck loading, offering clients reliable solutions for fuel storage and pipeline systems. By leveraging these strategic locations and facilities, PCSPC plays a crucial role in the logistics and distribution of petroleum products in the region.

Priority Power Management, LLC is an independent energy management and consulting firm based in Midland, Texas, with additional offices across the state. Established in 2001, the company specializes in providing a comprehensive range of services tailored to the needs of commercial and industrial clients. Its offerings include energy information management, supply management, demand management, and risk management services. Specifically, Priority Power assists clients with utility bill processing, energy procurement, facility energy audits, demand response programs, and the development of risk management strategies. The firm aims to act as an extension of its clients' teams, helping them navigate the complexities of energy supply, information, and demand management to achieve significant cost savings and improved operational efficiency. Priority Power serves various sectors, including oil and gas, healthcare, commercial real estate, and financial services, positioning itself as a trusted partner in energy management.

KODE Labs is a building management platform founded in 2017 and headquartered in Dover, Delaware. The company specializes in developing smart building software that optimizes energy consumption and equipment runtime across various facilities. KODE Labs provides a vendor-agnostic solution that empowers users with intuitive technology and data, facilitating streamlined processes and operational efficiencies. Its platform is designed to integrate all building systems, enabling stakeholders to make informed decisions that enhance overall performance and sustainability.

Rubis is an independent international operator focused on the downstream oil and chemicals sector, with its activities organized into three main areas: distribution of liquefied petroleum gas (LPG) and fuel oils, bulk liquid storage, and support services. The company specializes in niche markets and maintains control over its supply infrastructures to achieve competitive product costs and strong market positions. Since 2000, Rubis has expanded its presence across three continents through direct investments and acquisitions. Its product offerings include service station fuels, industrial diesel, aviation fuels, and both bottled and bulk LPG. Additionally, Rubis is a leading independent provider of liquid product storage services in France and Northern Europe, handling petroleum, chemicals, fertilizers, and vegetable oils. The company further enhances its operations with specialized infrastructure to support product inflows and outflows, primarily in the Caribbean and Africa, focusing on logistics and supply chain services that facilitate downstream distribution and marketing activities.

WOW Logistics is a logistics company specializing in multi-temperature warehousing services, including food-grade ambient, refrigerated, and freezer storage. Founded in 1977 and headquartered in Neenah, Wisconsin, the company operates 11 facilities across two states, encompassing 6 million square feet of warehouse space, with 22 million cubic feet dedicated to refrigeration. In addition to warehousing, WOW Logistics offers solutions in transportation, operations, real estate development, and commodity purchasing, with a strong emphasis on food safety. The company employs a state-of-the-art warehouse management system to enhance its operational efficiency and provide integrated supply chain alternatives for businesses.

CheckSammy is a company focused on sustainability and subscription-based bulk junk hauling services, which includes the collection and analysis of data related to waste management. It utilizes proprietary technology to verify clients' sustainability initiatives by tracking and collecting used consumer items. Offering both fixed flat rate subscription services and on-demand pricing for large-item junk removal, CheckSammy partners with third-party operators to provide competitive pricing for its services. Additionally, the company acts as a single point of contact for clients seeking comprehensive management of niche waste and recycling streams, enabling them to track waste data and gain measurable insights into site-level trends.

ThayerMahan is a maritime technology company focused on delivering comprehensive autonomous marine solutions for a variety of clients. The company specializes in the development of advanced underwater technologies that address maritime security challenges. Utilizing state-of-the-art acoustic and electronic sensors, ThayerMahan offers services that encompass deployment, operations, data gathering, and analysis tailored to specific missions. Its innovative tools and expertise enhance the monitoring of physical and environmental security in the oceans, safeguarding maritime food supplies, trade routes, industrial infrastructure, and borders.

Órigo Energia is a company focused on promoting the use of renewable energy through shared distributed generation. It operates solar and biogas farms, providing energy solutions for commercial, industrial, residential, and remote applications. The company designs, installs, commissions, and maintains photovoltaic systems, offering renewable energy on a monthly subscription basis. By facilitating access to clean energy, Órigo Energia aims to contribute to environmental sustainability and the widespread adoption of renewable energy sources.

Arriva Group is a public transport operator in European countries.

Absolute Energy is a solar energy company that specializes in renewable energy solutions and environmental technologies. Founded in 2009 and based in London, the firm operates as an independent investment advisory entity, offering specialized technical, legal, and financial services to the renewable energy sector. It focuses on financial advisory and arrangement services for renewable energy and energy efficiency projects globally. Additionally, Absolute Energy engages in business development initiatives in rural and emerging market areas throughout Africa, contributing to sustainable energy advancement in these regions.

MaxSolar is an energy company that produces electricity from wind and solar systems.

Rent.com.au Limited operates as a leading rental property website in Australia, established in 2007 and headquartered in Burswood. The platform connects tenants, property agents, and non-agent landlords, creating a comprehensive marketplace for rental listings. It accommodates a wide range of contributors, including real estate agents, private landlords, property managers, builders, developers, retirement services, and universities. Rent.com.au features two primary operating segments: Rent.com.au and RentPay, with the majority of its revenue generated from the Rent.com.au segment. The company aims to streamline the rental process by accepting inquiries from various listers, making it a versatile resource for both renters and property owners in the Australian rental market.

PreAct Technologies is a Portland, Oregon-based company founded in 2018 that focuses on developing advanced driver-assistance systems (ADAS) and autonomous vehicle sensors to enhance automotive safety. The company aims to reduce fatalities and injuries from crashes by predicting and preparing vehicles and their occupants for imminent collisions. Its innovative technology combines a patent-pending suite of sensor technologies, computing systems, and countermeasure algorithms that enable timely responses in critical situations. By leveraging existing vehicle infrastructure, PreAct Technologies seeks to mitigate the impact of common types of crashes, potentially saving the automotive industry substantial costs while improving passenger safety. The team is comprised of seasoned experts in fields such as computer vision, optics, and parallel processing, drawing on over 15 years of research funded by DARPA in high-speed optics and computing systems.

Enva Group is a company specializing in waste management, recycling, and resource recovery services. It operates within the industrial, commercial, construction, and public sectors, addressing both hazardous and non-hazardous waste. The company focuses on recovering raw materials from challenging waste streams, facilitating the production of sustainable and economically viable new products. By enabling clients to reduce environmental pollution and repurpose previously discarded materials, Enva Group plays a crucial role in promoting sustainability and resource efficiency.

ThayerMahan is a maritime technology company focused on delivering comprehensive autonomous marine solutions for a variety of clients. The company specializes in the development of advanced underwater technologies that address maritime security challenges. Utilizing state-of-the-art acoustic and electronic sensors, ThayerMahan offers services that encompass deployment, operations, data gathering, and analysis tailored to specific missions. Its innovative tools and expertise enhance the monitoring of physical and environmental security in the oceans, safeguarding maritime food supplies, trade routes, industrial infrastructure, and borders.

Gram Power sets up energy efficient Smart Microgrids in remote areas to provide on-demand, reliable electricity to telecom towers and rural households with an affordable prepaid purchase model.

PreAct Technologies is a Portland, Oregon-based company founded in 2018 that focuses on developing advanced driver-assistance systems (ADAS) and autonomous vehicle sensors to enhance automotive safety. The company aims to reduce fatalities and injuries from crashes by predicting and preparing vehicles and their occupants for imminent collisions. Its innovative technology combines a patent-pending suite of sensor technologies, computing systems, and countermeasure algorithms that enable timely responses in critical situations. By leveraging existing vehicle infrastructure, PreAct Technologies seeks to mitigate the impact of common types of crashes, potentially saving the automotive industry substantial costs while improving passenger safety. The team is comprised of seasoned experts in fields such as computer vision, optics, and parallel processing, drawing on over 15 years of research funded by DARPA in high-speed optics and computing systems.

KODE Labs is a building management platform founded in 2017 and headquartered in Dover, Delaware. The company specializes in developing smart building software that optimizes energy consumption and equipment runtime across various facilities. KODE Labs provides a vendor-agnostic solution that empowers users with intuitive technology and data, facilitating streamlined processes and operational efficiencies. Its platform is designed to integrate all building systems, enabling stakeholders to make informed decisions that enhance overall performance and sustainability.

VLS Environmental Solutions specializes in marine services and offers advanced cleaning and repair facilities for a range of chemical solvents and downstream petroleum products. The company also provides waste and railcar cleaning services, focusing on customized waste processing solutions that include landfill diversion and sustainability initiatives. VLS is dedicated to serving highly regulated industries in North America, delivering waste management solutions that process industrial non-hazardous waste into alternative engineered fuels, treated wastewater, and solidified landfill materials. Through these services, VLS Environmental Solutions helps clients minimize their environmental impact while adhering to industry regulations.

Tarana Wireless, Inc. is focused on the research, development, and commercialization of non-line-of-sight (NLoS) wireless transport solutions. Its flagship product, AbsoluteAir 2 (AA2), offers advanced capabilities such as deterministic True NLOS performance, extensive coverage, and high spectral efficiency. The company provides a comprehensive solution, including installation services by construction-grade crews and a carrier-class element management system for configuring and monitoring AA2 nodes. Tarana's technology supports a variety of applications, including small-cell backhaul, wireless fiber extension, and residential broadband access, catering primarily to tier-1 operators globally. Founded in 2009, the company is headquartered in Milpitas, California, with additional offices in Berkeley and Pune, India.

Just as technology has advanced society and delivered exciting consumer products, like Tesla cars and the iPhone, tech innovation is empowering homeowners across the country to join the New Utility Revolution. Palmetto’s clean energy marketplace and custom software tools help homeowners quickly estimate utility cost-savings and get renewable energy sources up and running, with ongoing data insights and support. For individuals, this innovation means lower utility bills, more transparency, control over energy use, increase in property value, and protection against power outages. When adopted en masse, a clean energy shift is a major step towards combating climate change and achieving American energy independence.

Epirus, Inc. is a technology company based in Hawthorne, California, specializing in the design and development of advanced defense systems that utilize artificial intelligence and directed energy. Founded in 2018, the company focuses on creating solid-state, software-defined high-power microwave solutions aimed at countering unmanned aircraft systems and other asymmetric threats. Its flagship product, ELECTROMAGNETIC PULSE, serves as a counter-infrastructure solution that can simultaneously target multiple threats, effectively neutralizing drones and swarms. By integrating AI and machine learning with advanced electronics, Epirus enhances the detection and tracking of objects of interest, offering innovative capabilities in electronic warfare and power management for both defense and commercial sectors.

Yalla Fel Sekka is a technology platform specializing in on-demand delivery services tailored for urban communities. The platform facilitates instant delivery for a diverse range of customers, including businesses and individual consumers, by providing efficient intra-city logistics and courier services. It caters to various sectors such as groceries, pharmacies, and e-commerce, enabling users to purchase items online and receive them promptly at their homes. With a scalable business model and a robust operational framework, Yalla Fel Sekka acts as a growth catalyst for small and medium-sized businesses, allowing them to tap into the expanding e-commerce market without significant investment in logistics infrastructure.

1NCE GmbH is a provider of Internet data connectivity services, specializing in narrowband and low bandwidth connections for business-to-business applications. Founded in 2017 and headquartered in Cologne, Germany, the company offers a unique IoT Flat Rate plan that provides reliable cellular connectivity and software services in 140 countries worldwide. This plan allows for a one-off payment of $10 for a decade of service, making it an affordable option for various IoT applications, including smart utilities, asset tracking, and vehicle telematics. 1NCE's offerings include multimode-support SIM cards that facilitate mobile communication between devices, ensuring global network coverage and scalable solutions for its clients. With a workforce of around 200 employees, the company also maintains offices in several international locations including Amsterdam, Hamburg, and Miami.

SOILCO operates advanced organics recycling facilities in Eastern Australia, focusing on composting services for various markets, including residential, commercial, agricultural, and environmental sectors. The company specializes in transforming organic waste into high-quality soil improvers, contributing to soil regeneration and enhancing growth potential. By offering innovative products and services tailored to the soil improvement needs of its clients, SOILCO plays a vital role in promoting sustainable waste management and environmental health across the region.

HTEC Hydrogen Technology & Energy is a privately held company based in North Vancouver, British Columbia, focused on harnessing the potential of hydrogen energy systems, particularly fuel cells. The company specializes in the design, development, and operation of hydrogen fuel supply solutions, which include hydrogen generation, distribution, and fueling infrastructure. HTEC collaborates with government entities, industrial gas companies, equipment suppliers, and automotive and energy firms to deliver reliable and sustainable hydrogen solutions. By manufacturing liquefaction and cryogenic equipment, HTEC supports the deployment of hydrogen fuel cell electric vehicles, emphasizing the provision of safe, convenient, and cost-effective hydrogen energy.

AG&P Pratham, operating under the banner of AG&P City Gas, is a prominent private company in India’s City Gas Distribution sector. The company is engaged in supplying piped natural gas (PNG), liquefied natural gas (LNG), and compressed natural gas (CNG) to a diverse clientele, including households, vehicles, and commercial and industrial clients. AG&P Pratham focuses on delivering safe, reliable, and environmentally friendly access to natural gas across multiple states, aiming to meet the growing energy demands of its customers while promoting sustainable energy solutions.

KIO Networks is a digital infrastructure company that specializes in offering a wide range of services through its extensive platform of data centers. With two decades of experience, the company provides carrier-neutral colocation services and managed services that include cloud solutions, cybersecurity, and business applications. KIO Networks serves a diverse clientele, comprising hyper-scale enterprises, telecom companies, technology providers, financial institutions, corporations, and government entities. By leveraging advanced technology, KIO Networks delivers efficient solutions such as advanced analytics, cloud monitoring, and business management services, enabling its clients to optimize their operations and enhance their digital capabilities.

Transportation Equipment Network encompasses the operations of Star Leasing, CTL, Cooling Concepts, and NETS Leasing, delivering comprehensive solutions for the semi-trailer industry. The company specializes in trailer leasing and fleet management, offering services such as custom breakdown data reporting, analytics, and lease maintenance. Additionally, Transportation Equipment Network provides emergency trailer breakdown and repair management services, enhancing operational efficiency for its clients. Their mobile application facilitates real-time requests for roadside assistance and tracking of repairs, enabling businesses to improve productivity and reduce costs. By addressing trailer breakdown issues and offering tailored services, Transportation Equipment Network positions itself as a leader in the transportation equipment sector.

Atlantic Power Corporation is an independent power producer that owns and operates a diverse portfolio of power generation assets in the United States and Canada. Founded in 2004 and headquartered in Dedham, Massachusetts, the company manages twenty-one operating projects with a gross electric generating capacity of approximately 1,723 megawatts. Its operations span eleven states in the U.S. and two provinces in Canada, where it sells electricity and steam primarily to investment-grade utilities and other creditworthy customers through long-term Power Purchase Agreements. The company minimizes exposure to commodity price fluctuations through contractual provisions and hedging strategies. Atlantic Power's projects are characterized by diversity in geography, fuel types—including natural gas, hydro, and biomass—and operational technology, with most projects being fully owned and directly managed by the company.

InfoFabrica is an IT consulting organization specializing in hybrid and multi-cloud consulting and managed services in the APAC region. With a focus on guiding customers through the IT Cloud transformation era, they have established themselves as a leading regional hybrid cloud managed service provider over the past 5 years. Their core value lies in their talented pool of consultants who are dedicated to helping customers achieve high-performance business results. Emphasizing long-term partnerships, InfoFabrica's consultants act as trusted advisors, delivering value through responsive and comprehensive services to meet customer needs, whether it's consolidating existing infrastructure or designing new data centers. With a highly entrepreneurial and agile approach, InfoFabrica is committed to attracting, developing, recognizing, and retaining the best talent to drive success for their business and clients.

Global Telecom & Technology (GTT) is a new breed of telecom company - the technology and global network integrator. As the telecommunications management specialists, GTT can provide custom-fit solutions for wide area network services or enterprise mobility solutions. GTT brings telecommunications management with a consultative approach, and over 10 years of experience to back it up.

Rubis Terminal is distribution of petroleum products and bulk-liquid storage.

Ocensa Colombia's crude oil transportation system.

Yalla Fel Sekka is a technology platform specializing in on-demand delivery services tailored for urban communities. The platform facilitates instant delivery for a diverse range of customers, including businesses and individual consumers, by providing efficient intra-city logistics and courier services. It caters to various sectors such as groceries, pharmacies, and e-commerce, enabling users to purchase items online and receive them promptly at their homes. With a scalable business model and a robust operational framework, Yalla Fel Sekka acts as a growth catalyst for small and medium-sized businesses, allowing them to tap into the expanding e-commerce market without significant investment in logistics infrastructure.

Mep Infrastructure Developers is an Indian infrastructure company established in 2002 and headquartered in Mumbai. The firm focuses on the construction, operation, and maintenance of road infrastructure, primarily serving central and state road authorities. It operates in several business segments, including toll collection, operation and maintenance, and construction. A significant portion of its revenue is derived from toll collection and maintenance services. The company emphasizes an innovative and technologically advanced business model that is largely self-funded and asset-light, making it efficient and easy to manage. Mep Infrastructure Developers also provides toll management services, assisting clients with the complexities of toll system implementation and operation, including the installation of electronic toll and cash collection systems as well as communication networks.

TIP specializes in trailer leasing, rental, maintenance and repair as well as other value added services and provides these to transportation and logistics customers across Europe. Headquartered in Amsterdam, TIP services its customers from over 70 locations in Europe, spread over 16 countries. With approximately 50,000 units in its fleet, TIP Trailer Services is considered an industry leader with one of the largest and most diverse fleets in Europe.

IC Power is a fast-growing global power generation and distribution company. It engages in the ownership, development, and operation of power generation facilities in Israel, Latin America, and the Caribbean. It generates electricity through various fuels, including natural gas, hydroelectric, diesel, heavy fuel oil, and wind.

Pinnacle Midstream LLC is a midstream services provider based in Houston, Texas, specializing in supporting oil and gas producers. Founded in 2014, the company offers a range of services including natural gas gathering and processing, crude oil gathering and stabilization, transloading, storage, produced water gathering, and saltwater disposal. Pinnacle Midstream focuses on creating strategic partnerships with producers to enhance the efficiency and profitability of their operations. By utilizing advanced technology and tailored solutions, Pinnacle aims to deliver products to market more quickly than competitors, thereby maximizing revenue for its partners. The company operates as a subsidiary of EagleClaw Midstream Services, LLC, and has established itself as a key player in various North American basins by meeting the energy infrastructure needs of its clients.

Hutchison Global Communications Limited (HGC) is a subsidiary of Hutchison Telecommunications Hong Kong Holdings Limited (HTHKH, stock code: 0215), a well-established integrated telecommunications operator listed on the Main Board of The Stock Exchange of Hong Kong Limited. HTHKH, a member of CK Hutchison Holdings Limited, provides fixed-line services under the HGC brand and m​obile services under the 3 brand.

Duke Energy International - Latin American Businesses

Viridian has invested over €600 Million in thermal generation in the RoI and through the provision of Power Purchase Agreements (PPAs), has supported third party investments of around €600 Million in renewable generation assets throughout Ireland. Viridian Group has always been at the forefront of innovation and was the first independent energy company to enter the deregulated market to offer competitive electricity to Irish businesses in 1999.

Lincoln Clean Energy is a developer, owner, and operator of clean power projects with a strong emphasis on wind and solar energy in the United States. The company has successfully developed projects with over $2 billion in capital investment, particularly in major electricity markets such as Texas, California, and New Jersey. It is currently engaged in the construction of over 4,500 megawatts of clean energy projects, including notable initiatives like Oak Solar, Lone Valley, Horse Creek Wind, Electra Wind, and Willow Springs Windfarm, extending its influence across North America and Europe. Following its acquisition by I Squared Capital in late 2015, Lincoln Clean Energy has positioned itself as a long-term owner of its developed projects and aims to deploy more than $250 million in equity capital to expand its development backlog.

Western UP Tollway Limited focuses on the construction, operation, maintenance, and tolling of National Highway 58 in Uttar Pradesh, India. Established in 2005 and based in Hyderabad, the company operates on a build-operate-transfer model. The project, which connects Meerut and Muzaffarnagar, has been operational since 2011 and involves various enhancements, including strengthening and four-laning of the highway. As a subsidiary of Cube Highways and Infrastructure Pte. Ltd., Western UP Tollway Limited plays a significant role in improving road infrastructure in the region.

Netomnia is a fiber-to-the-premises (FTTP) broadband service provider based in London, England, established in 2019. The company focuses on constructing full-fiber broadband infrastructure and networks throughout the United Kingdom, delivering symmetrical multi-gigabit services. This approach enables both residential and business clients to access reliable internet speeds tailored to their specific requirements.