Iberdrola

Iberdrola, S.A. is a prominent electric utility company based in Bilbao, Spain, engaged in the generation, transmission, distribution, and supply of electricity and gas globally. The company primarily generates electricity from renewable sources, including wind, hydro, solar, and biomass, making it the largest owner of wind farms in the world. Iberdrola operates a diverse portfolio of power plants, which also includes nuclear and fossil-fuel facilities, totaling 56 gigawatts of capacity. Although it has expanded its operations internationally, with significant assets in the United Kingdom, Brazil, and the United States, Spain remains a key market, accounting for approximately 50% of its generation capacity. Additionally, Iberdrola is involved in purchasing and selling electricity and gas on wholesale markets, as well as providing telecommunications and consulting services. The company serves millions of customers across several countries, solidifying its position as one of the largest utilities worldwide.

Ignacio Estella

Senior Vice President, Corporate Development of Avangrid

24 past transactions

Aqui tu Reforma

Venture Round in 2023
Aquí tu Reforma Europa SL is a Barcelona-based company founded in 2018 that specializes in the renovation and reformation of residential properties. It operates an online platform that allows users to plan and manage their home renovations according to their budget. The platform offers personalized services, focusing on interior decoration, particularly for kitchens and bathrooms. Users can also track the progress of their renovation projects, ensuring that the final results align with their preferences and choices. The company aims to provide a seamless experience for homeowners looking to enhance their living spaces.

Barbara IoT

Seed Round in 2022
Barbara IoT S.L. is a software development company based in Madrid, Spain, focused on creating solutions for the Internet of Things (IoT) sector. Established in 2016, the company aims to simplify and secure Industrial IoT applications. Its flagship product, Barbara OS, is a secure operating system designed specifically for Industrial IoT environments. The company integrates data across a range of cloud systems, including big data platforms, enterprise resource planning (ERP), and customer relationship management (CRM) systems. Barbara IoT's products are developed by a team of experienced engineers and cybersecurity experts, emphasizing user experience and secure device access.

Voltbras

Seed Round in 2022
Developer of a charging station management platform intended to monitor the electro-post network. The company's platform offers a toolkit that manages and controls the charging stations in real-time with the graphical interfaces and makes it possible to monitor the availability of the electrophores, whether they are in use, free, offline, or under maintenance, and receive notifications when there are failures or other events, enabling operators to manage and control the charging stations in real-time with the graphical interfaces of the platform.

Aqui tu Reforma

Corporate Round in 2022
Aquí tu Reforma Europa SL is a Barcelona-based company founded in 2018 that specializes in the renovation and reformation of residential properties. It operates an online platform that allows users to plan and manage their home renovations according to their budget. The platform offers personalized services, focusing on interior decoration, particularly for kitchens and bathrooms. Users can also track the progress of their renovation projects, ensuring that the final results align with their preferences and choices. The company aims to provide a seamless experience for homeowners looking to enhance their living spaces.

Wallbox

Series B in 2021
Wallbox Chargers S.L., commonly known as Wallbox, specializes in the design, manufacture, and distribution of charging solutions for electric and hybrid vehicles, catering to both residential and commercial markets. Established in 2015 and headquartered in Barcelona, Spain, the company has developed a robust portfolio that includes intelligent charging solutions utilized by major automotive manufacturers and large electric utilities. Wallbox operates a manufacturing facility in Barcelona with an annual production capacity of 500,000 chargers, supported by a skilled engineering team. Additionally, the company manages the development of its charging management platform, myWallbox, and provides after-sales support from its Madrid office. Wallbox has expanded its presence internationally with subsidiaries in several countries, including Germany, the United Kingdom, the Netherlands, France, the United States, and China. In China, Wallbox has formed a joint venture, Wallbox FAWSN Charging Systems Co Ltd., which includes a production plant dedicated to serving the local market.

Wallbox

Series A in 2020
Wallbox Chargers S.L., commonly known as Wallbox, specializes in the design, manufacture, and distribution of charging solutions for electric and hybrid vehicles, catering to both residential and commercial markets. Established in 2015 and headquartered in Barcelona, Spain, the company has developed a robust portfolio that includes intelligent charging solutions utilized by major automotive manufacturers and large electric utilities. Wallbox operates a manufacturing facility in Barcelona with an annual production capacity of 500,000 chargers, supported by a skilled engineering team. Additionally, the company manages the development of its charging management platform, myWallbox, and provides after-sales support from its Madrid office. Wallbox has expanded its presence internationally with subsidiaries in several countries, including Germany, the United Kingdom, the Netherlands, France, the United States, and China. In China, Wallbox has formed a joint venture, Wallbox FAWSN Charging Systems Co Ltd., which includes a production plant dedicated to serving the local market.

Aalto Power

Acquisition in 2020
Aalto Power is a French wind power generation investment platform.

Wallbox

Series A in 2019
Wallbox Chargers S.L., commonly known as Wallbox, specializes in the design, manufacture, and distribution of charging solutions for electric and hybrid vehicles, catering to both residential and commercial markets. Established in 2015 and headquartered in Barcelona, Spain, the company has developed a robust portfolio that includes intelligent charging solutions utilized by major automotive manufacturers and large electric utilities. Wallbox operates a manufacturing facility in Barcelona with an annual production capacity of 500,000 chargers, supported by a skilled engineering team. Additionally, the company manages the development of its charging management platform, myWallbox, and provides after-sales support from its Madrid office. Wallbox has expanded its presence internationally with subsidiaries in several countries, including Germany, the United Kingdom, the Netherlands, France, the United States, and China. In China, Wallbox has formed a joint venture, Wallbox FAWSN Charging Systems Co Ltd., which includes a production plant dedicated to serving the local market.

Innowatts

Series B in 2019
Innowatts, Inc. develops software solutions for efficient energy management. Its product PowerEASE is used for load forecasting, energy risk optimization, and infrastructure planning. Its customers include, retail energy providers, regulated utility companies, regulatory and public policy boards, and residential communities. Innowatts, Inc. was founded in 2013 and is based in Houston, Texas.

Ilumexico

Series A in 2017
ILUMÉXICO is a B-Corporation whose mission is to catalyze grow through solar energy in the most remote communities of Mexico.It is a social enterprise that promotes development through rural electrification to communities with high and very high marginalization in Mexico. They uspromote access to energy through microfinance schemes, long-term service and training in the use and maintenance of technology. Also believe that energy is a platform to foster development, promote building programs and workshops on various topics such as community organization, gender equity and financial inclusion.

Innowatts

Series A in 2017
Innowatts, Inc. develops software solutions for efficient energy management. Its product PowerEASE is used for load forecasting, energy risk optimization, and infrastructure planning. Its customers include, retail energy providers, regulated utility companies, regulatory and public policy boards, and residential communities. Innowatts, Inc. was founded in 2013 and is based in Houston, Texas.

Morgan Solar

Series C in 2016
Morgan Solar Inc began with a mission in 2007 – to develop highly efficient, low cost solar technology. Until now, all the real advancements in solar power always seem to be “10 years away”. John Paul Morgan, a Physics Engineer, with a background in optics, medical imaging and photovoltaics, developed an idea to make solar energy more affordable. His idea was to design an optical concentration system that would elegantly solve many of the problems of existing CPV systems. There first product to market, the Sun Simba HCPV, is designed for solar farm applications. Demonstration and test installations will begin in 2009, and our first commercial systems will be available in early 2010. The second set of products, the Sun Stream Window and the Sun Block Panel, are designed for building applications and smaller scale demonstration and test systems are also scheduled for 2009, with sales begining sometime after mid 2010.

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.

SunFunder

Series B in 2015
SunFunder is a solar energy finance business with a mission to provide financing for solar assets in emerging economies, including inventory, working capital, construction, and structured finance loans. SunFunder is a well-positioned financial intermediary that has been operating since 2012. We offer borrowers a deep solar market expertise, an efficient due diligence process and strong customer partnerships, while simultaneously providing investors with diversified, high-impact, fixed income debt offerings of emerging market solar investments.

Atten2

Series A in 2015
Atten2 Advanced Monitoring Technologies, S.L. is a company based in Eibar, Spain, that specializes in developing, producing, and marketing online optical sensors designed to measure the specific characteristics of lubricating oils and various fluids. Their flagship products include OilHealth, which monitors the degradation of lubricating oil, and OilWear, a series of sensors that detect and classify particles in fluids based on size and origin. In addition to their sensor products, Atten2 offers a range of services, such as sensor installation and startup, result interpretation, establishment of warning levels, maintenance consulting, integration of sensor data with laboratory analyses, and training for users. Founded in 2012, Atten2 is dedicated to providing innovative solutions for fluid monitoring and maintenance optimization.

Stem

Series C in 2015
Stem, Inc. specializes in energy storage solutions and software designed to help businesses manage their energy costs effectively. Founded in 2009 and based in Millbrae, California, the company offers a software platform called Athena, which leverages big data and machine learning to optimize energy usage. Stem's services include a subscription model that provides automated savings, risk protection, and solar energy storage solutions, all without requiring significant operational changes from clients. The company also implements distributed battery systems in commercial and industrial facilities, analyzing electricity usage patterns to protect businesses from excessive costs. Through its innovative approach, Stem aims to enhance energy efficiency while contributing positively to the energy grid.

UIL Holdings

Acquisition in 2015
UIL Holdings Corporation is a regulated utility company headquartered in New Haven, Connecticut, serving approximately 700,000 electric and natural gas customers across 67 communities in Connecticut and western Massachusetts. Founded in 1899, UIL Holdings operates through several subsidiaries, including The United Illuminating Company, The Southern Connecticut Gas Company, Connecticut Natural Gas Corporation, and The Berkshire Gas Company. These entities have been providing energy services for over a century, focusing on electric distribution, transmission, and natural gas transportation, distribution, and sales. With total assets exceeding $5 billion, UIL Holdings employs more than 1,850 individuals in the New England region, contributing to the reliable delivery of energy to its customer base. The company is a subsidiary of Avangrid, Inc., which manages a broader portfolio of regulated utilities and renewable energy projects.

QBotix

Series B in 2014
A solar panel that tracks the sun throughout the day produces up to 30% more electricity than one that does not. Solar project developers install single-axis tracking for most utility-scale sites, balancing upfront costs versus electricity revenues to maximize rates of return. QBotix disrupts today's cost curve of fixed-tilt, single-axis tracking, and dual-axis tracking with an innovative tracking solution that offers dual-axis tracking at single-axis price. This reduces the levelized cost of energy by 10-20% while providing the added benefit of higher reliability and system intelligence.

Stem

Series B in 2013
Stem, Inc. specializes in energy storage solutions and software designed to help businesses manage their energy costs effectively. Founded in 2009 and based in Millbrae, California, the company offers a software platform called Athena, which leverages big data and machine learning to optimize energy usage. Stem's services include a subscription model that provides automated savings, risk protection, and solar energy storage solutions, all without requiring significant operational changes from clients. The company also implements distributed battery systems in commercial and industrial facilities, analyzing electricity usage patterns to protect businesses from excessive costs. Through its innovative approach, Stem aims to enhance energy efficiency while contributing positively to the energy grid.

Arbórea Intellbird

Seed Round in 2013
Arborea Intellbird is a company that designs, manufactures and commercializes remotely piloted aerial systems.

Morgan Solar

Series B in 2011
Morgan Solar Inc began with a mission in 2007 – to develop highly efficient, low cost solar technology. Until now, all the real advancements in solar power always seem to be “10 years away”. John Paul Morgan, a Physics Engineer, with a background in optics, medical imaging and photovoltaics, developed an idea to make solar energy more affordable. His idea was to design an optical concentration system that would elegantly solve many of the problems of existing CPV systems. There first product to market, the Sun Simba HCPV, is designed for solar farm applications. Demonstration and test installations will begin in 2009, and our first commercial systems will be available in early 2010. The second set of products, the Sun Stream Window and the Sun Block Panel, are designed for building applications and smaller scale demonstration and test systems are also scheduled for 2009, with sales begining sometime after mid 2010.

Morgan Solar

Series A in 2010
Morgan Solar Inc began with a mission in 2007 – to develop highly efficient, low cost solar technology. Until now, all the real advancements in solar power always seem to be “10 years away”. John Paul Morgan, a Physics Engineer, with a background in optics, medical imaging and photovoltaics, developed an idea to make solar energy more affordable. His idea was to design an optical concentration system that would elegantly solve many of the problems of existing CPV systems. There first product to market, the Sun Simba HCPV, is designed for solar farm applications. Demonstration and test installations will begin in 2009, and our first commercial systems will be available in early 2010. The second set of products, the Sun Stream Window and the Sun Block Panel, are designed for building applications and smaller scale demonstration and test systems are also scheduled for 2009, with sales begining sometime after mid 2010.

AlgaEnergy

Series A in 2009
AlgaEnergy S.A. is a biotechnology company based in Madrid, Spain, specializing in the development of products derived from microalgae. Established in 2007, it focuses on creating agricultural biostimulants, particularly under the brand AgriAlgae, as well as microalgae and cyanobacteria for use in cosmetics, body care products, and biofuels. AlgaEnergy's innovations extend to various industries, including aquaculture, agriculture, nutrition, and technology. The company benefits from significant investment in research and development, and it is supported by a team of experienced businessmen and scientists. Among its notable advisors is Professor Miguel García Guerrero, a prominent figure in the field of plant biochemistry. AlgaEnergy has established subsidiaries in multiple countries, including France, the United States, Mexico, India, Turkey, Australia, and Brazil, further expanding its global reach and impact in the microalgae sector.
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