Temasek Holdings
Temasek Holdings, established in 1974 and based in Singapore, is an investment company managing a diversified portfolio valued at approximately S$242 billion. The firm actively invests across various sectors, including telecommunications, media and technology, financial services, transportation, consumer products, real estate, life sciences, and energy. Temasek focuses on long-term investment themes such as transforming economies, growing middle-income populations, deepening comparative advantages, and supporting emerging champions. Its investment strategy encompasses a combination of liquid assets, listed and unlisted equities, and private equity opportunities, with a notable emphasis on mid-stage technology and life sciences investments through its private equity arm, Temasek Capital Management. Furthermore, Temasek aims to be the preferred investor for companies in Singapore and internationally, reflecting its commitment to global investment opportunities.
Living Carbon, using biotechnology develop trees that better capture and store carbon. It also provides solutions for climate changes. It produces more durable wood for building and manufacturing applications. The company was founded in 2019 and is based in San Francisco, California.
BRUSA HyPower is an energy conversion company focused on producing power technologies for electromobility. They manufacture a range of products including batteries, fuel cells, direct current converters, and onboard charging systems. These offerings are designed to support the transformation of electric vehicles for both on-highway and off-highway applications. By developing e-mobility systems suitable for everyday use, BRUSA HyPower aims to enhance the adoption of electric vehicles, contributing to long-term environmental and societal benefits. Their commitment to an ambitious environmental strategy underscores their role in promoting sustainable energy solutions.
Verdagy is innovating water electrolysis technology for the large-scale production of green hydrogen. Verdagy's industry-leading solution achieves both the lowest upfront capital costs and the lowest unit economics for production. Verdagy operates laboratory and pilot plant facilities in Moss Landing, California to further develop and rapidly scale the technology platform.
South Pole is a prominent provider of climate solutions, specializing in renewable energy and sustainable project development. The company assists businesses, public entities, and non-governmental organizations in formulating actionable policies and strategies addressing climate change. Its expertise spans various domains, including forests and land use, water management, sustainable urban development, and energy efficiency. By developing and implementing emission reduction projects, South Pole transforms climate action into viable business opportunities, thereby enhancing the performance and sustainability efforts of its clients through a comprehensive range of consulting services.
Commonwealth Fusion Systems LLC is a research company focused on developing fusion energy as a sustainable solution to combat climate change. Established in 2017 and based in Cambridge, Massachusetts, the company utilizes advanced rare-earth barium copper oxide superconductor technology to create energy through fusion. Commonwealth Fusion Systems combines decades of government-funded fusion research with innovative superconducting magnet technology to expedite the commercialization of fusion energy. The company emerged from the Massachusetts Institute of Technology and collaborates closely with MIT’s Plasma Science and Fusion Center, leveraging extensive research to enhance its development efforts. By designing and building fusion machines, Commonwealth Fusion aims to provide limitless and clean energy, contributing to the global transition toward sustainable energy sources.
RWDC Industries Ltd specializes in developing and manufacturing biodegradable bioplastics derived from medium chain length polyhydroxyalkanoate (mcl-PHA). Founded in 2015 and based in Singapore, the company produces mcl-PHA through bacterial fermentation of plant-based oils or sugars. RWDC's biopolymers are designed to serve as sustainable alternatives to conventional petroleum-based plastics, offering applications in food and beverage packaging, cutlery, drinking straws, cup lids, and even diapers. One of its notable innovations is a water-based PHA emulsion coating that can replace polyethylene in plastic-lined food packaging. The company emphasizes that its PHA is fully biodegradable in various environments, including soil and marine conditions, which positions it as a responsible choice for reducing plastic waste.
Form Energy, Inc. specializes in developing long-duration energy storage systems aimed at facilitating the transition from fossil fuels to renewable energy sources. The company focuses on creating low-cost battery solutions capable of storing electricity generated from wind and solar power for extended periods, thereby enhancing the reliability of the electric grid. Its core technology, which includes an innovative iron-air battery, allows for energy dispatch over multiple days, significantly improving the viability of renewable energy as a consistent power source. Founded in 2017 and headquartered in Somerville, Massachusetts, Form Energy also offers Formware, a software tool designed for capacity expansion with advanced optimization capabilities. The company's mission revolves around enabling deep decarbonization of the electric system, ultimately contributing to a more sustainable energy future. Form Energy has garnered support from various investors, including Breakthrough Energy Ventures and MIT’s The Engine.
Eavor Technologies Inc. is a geothermal technology company based in Calgary, Canada, founded in 2017. It focuses on creating a clean and reliable energy future through its innovative Eavor-Loop™ system, which extracts heat from deep within the Earth for commercial heating and electricity generation. This system employs advanced drilling techniques and integrates existing commercial components in a novel configuration, allowing for scalable and steady green power production. Eavor's technology circulates a benign working fluid in a closed loop, isolating it from the environment while harvesting heat from geologically accessible rock temperatures. The company also operates the Eavor-Lite™ Demonstration Project as a prototype for its technology suite, addressing challenges traditionally associated with geothermal energy.
Form Energy, Inc. specializes in developing long-duration energy storage systems aimed at facilitating the transition from fossil fuels to renewable energy sources. The company focuses on creating low-cost battery solutions capable of storing electricity generated from wind and solar power for extended periods, thereby enhancing the reliability of the electric grid. Its core technology, which includes an innovative iron-air battery, allows for energy dispatch over multiple days, significantly improving the viability of renewable energy as a consistent power source. Founded in 2017 and headquartered in Somerville, Massachusetts, Form Energy also offers Formware, a software tool designed for capacity expansion with advanced optimization capabilities. The company's mission revolves around enabling deep decarbonization of the electric system, ultimately contributing to a more sustainable energy future. Form Energy has garnered support from various investors, including Breakthrough Energy Ventures and MIT’s The Engine.
Commonwealth Fusion Systems LLC is a research company focused on developing fusion energy as a sustainable solution to combat climate change. Established in 2017 and based in Cambridge, Massachusetts, the company utilizes advanced rare-earth barium copper oxide superconductor technology to create energy through fusion. Commonwealth Fusion Systems combines decades of government-funded fusion research with innovative superconducting magnet technology to expedite the commercialization of fusion energy. The company emerged from the Massachusetts Institute of Technology and collaborates closely with MIT’s Plasma Science and Fusion Center, leveraging extensive research to enhance its development efforts. By designing and building fusion machines, Commonwealth Fusion aims to provide limitless and clean energy, contributing to the global transition toward sustainable energy sources.
Sunseap Group Pte. Ltd. is a Singapore-based provider of clean energy solutions, specializing in solar energy services for residential and commercial clients. Established in 2011, the company offers a comprehensive range of services, including solar power purchase agreements (PPAs), offsite clean energy supply, engineering, procurement, and construction (EPC) of solar photovoltaic (PV) systems, as well as operations and maintenance (O&M) services. Sunseap positions itself uniquely as both a licensed electricity wholesaler and retailer, allowing it to implement diverse business models such as solar leasing and clean electricity supply. The company also focuses on energy efficiency and demand-side management, contributing to its mission of promoting sustainable energy practices across the South East Asia Pacific region.
Private Equity Round in 2020
O2 Power Private Limited develop and execute utility scale renewable energy project. The company was incorporated in 2019 and is based in Gurugram, India.
Private Equity Round in 2018
Cypress Creek Renewables is a leading American company specializing in local solar energy solutions. The firm employs a data-driven strategy to identify and acquire underutilized land for the development of solar farms, typically ranging from 2 to 20 megawatts. Notably, Cypress owns the largest solar farm east of the Mississippi River. The company partners with landowners, utility providers, and local vendors to develop, finance, and operate both utility-scale and distributed solar projects. In addition to generating renewable energy, Cypress offers asset management, fleet ownership, and maintenance services for its own and third-party solar and storage assets. By selling the electricity produced by its solar farms back to local communities at competitive rates, Cypress Creek Renewables ensures widespread access to clean and affordable energy.
Cypress Creek Renewables is a leading American company specializing in local solar energy solutions. The firm employs a data-driven strategy to identify and acquire underutilized land for the development of solar farms, typically ranging from 2 to 20 megawatts. Notably, Cypress owns the largest solar farm east of the Mississippi River. The company partners with landowners, utility providers, and local vendors to develop, finance, and operate both utility-scale and distributed solar projects. In addition to generating renewable energy, Cypress offers asset management, fleet ownership, and maintenance services for its own and third-party solar and storage assets. By selling the electricity produced by its solar farms back to local communities at competitive rates, Cypress Creek Renewables ensures widespread access to clean and affordable energy.
Huaneng Renewables Corporation Limited is a Chinese company focused on generating and selling renewable energy, primarily wind and solar power. Established in November 2002 and headquartered in Beijing, the company operates a significant portfolio of renewable energy projects across China, including 10 wind power plants and multiple solar power facilities. As of December 31, 2018, Huaneng Renewables had an installed capacity of approximately 11,965 megawatts. The company has developed several wind power bases in regions such as Northeast China, Eastern China, and Inner Mongolia, and has pioneered the establishment of various wind testing fields. Being a wholly-owned subsidiary of China Huaneng Group, one of the largest state-owned electric utility companies in China, Huaneng Renewables plays a vital role in advancing the country's renewable energy sector by investing in, constructing, acquiring, and operating projects aimed at increasing the share of clean energy in the national grid.
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