Conduit Ventures

Conduit Ventures is a private equity firm established in 2001 and based in London. The firm specializes in investments in energy, renewable resources, and technology sectors across North America, Europe, Asia-Pacific, the Middle East, and Africa. Recognizing the growing pressures on water and energy supplies due to urbanization and climate change, Conduit Ventures takes a strategic approach to water usage and management, aiming to enhance efficiency and mitigate risks associated with shortages and quality changes. The firm focuses on critical points along the value chain, collaborating with strategic partners to deliver effective business solutions in key growth markets. By leveraging their extensive experience and network, Conduit Ventures seeks to capitalize on new materials and technologies that are transforming the energy and water industries, particularly in transition economies where demand is rapidly increasing. Through innovation and technology deployment, they aim to create significant investment opportunities that address the evolving needs of these sectors.

John Butt

General Partner

Franklin Ngamga

Senior Associate

Thierry Piret

Senior Investment Manager

Charmaine Shi

Investment Associate

Michelle Zheng

Associate

Linda Zheng

General Manager

19 past transactions

TouGas Oilfield Solutions

Series D in 2015
TouGas Oilfield Solutions GmbH is a technology firm specializing in chemistry-based solutions for the oil and gas industry, both in Germany and internationally. Founded in 2013 and headquartered in Frankfurt am Main, the company develops engineered products and customized services aimed at enhancing operational efficiency and reducing costs for its clients. Its offerings include acid fracturing, acidizing with specialty corrosion inhibitors, well stimulation in high-temperature and high-pressure environments, polymer flooding for enhanced oil recovery, and hydraulic fracturing techniques that minimize fresh water usage. With a strong focus on innovation, TouGas holds an extensive portfolio of patents that support its manufacturing processes and product applications. The company also has sales offices in Houston, Texas, and Tokyo, Japan, to cater to its North American and Asian markets, respectively. As a subsidiary of Allessa GmbH, TouGas is committed to advancing environmentally sustainable practices within the oil and gas sector.

Hydrexia

Series B in 2013
Hydrexia is an Australian company that has successfully designed, built, and tested systems that stores hydrogen in solid form, based on a proprietary magnesium alloy.
Qingdao Centec Energy Management Company has develops heat management systems for residential and commercial buildings. Its key products are a proprietary heat allocation meter and a national data processing centre. These enable accurate data recording and efficient management of heat consumption by both utilities and customers. Centec is at the heart of, and a driving force in the strong push in China towards energy efficiency in buildings as the country pursues massive urban development projects.

SFC

Post in 2009
SFC Energy AG specializes in the development, production, and distribution of power generation systems and components based on fuel cells and other technologies for both off-grid and on-grid applications. The company operates in several sectors, including Oil & Gas, Defense & Security, Industry, and Clean Energy & Mobility. SFC Energy offers a variety of solutions, including SCADA systems for monitoring production facilities, energy automation solutions, and variable frequency drive systems for controlling equipment. Its product range includes hybrid fuel cell solutions for off-grid power, portable power supplies for military and surveillance vehicles, and various fuel cell technologies designed for industrial and consumer use. The company aims to provide innovative energy solutions that cater to diverse needs, including maintenance-free and weatherproof power supplies. Founded in 2000 and headquartered in Brunnthal, Germany, SFC Energy AG was formerly known as SFC Smart Fuel Cell AG until its rebranding in 2010.

P21

Series E in 2009
P21, headquartered near Munich, specializes in energy-management solutions tailored for the telecommunications industry. Established in 2001, the company has developed patented hydrogen-powered PEM fuel cell systems and has demonstrated their effectiveness through various field tests with international mobile-telephony providers since 2004. P21 aims to replace diesel generators with zero-emission products and has expanded its offerings to include services that promote energy efficiency, monitoring, and cost reduction, while also contributing to lower CO2 emissions. The company's solutions cater to off-grid applications, such as monitoring stations and telecommunications facilities. P21 collaborates globally with reputable partners in the telecommunications and energy sectors to facilitate the installation and service of its products, supported by a dedicated workforce of 55 employees. Additionally, the company engages in educational and research initiatives focused on fuel-cell and solar-hydrogen technologies, helping clients enhance their productivity and sustainability efforts.

Heliocentris

Venture Round in 2009
Heliocentris Energy Solutions is a technology provider of energy management systems and hybrid power solutions for distributed stationary industrial applications, as well as of products and solutions for education, training and applied research purposes in the field of fuel cells, solar, wind and hydrogen energy technologies. Heliocentris' energy management systems creates intelligent, remote controlled, reliable and highly efficient hybrid energy solutions from diverse components such as batteries, photovoltaic modules, conventional diesel generators and fuel cells. The solutions reduce CO2 emissions by an average of 50% and operating costs by up to 60% compared to conventional energy solutions for mobile telecommunications base stations. Heliocentris' fuel cell systems ensure uninterrupted power supply with long runtimes to critical infrastructure such as TETRA base stations, backbone sites in mobile networks and server stations.

VAIREX international

Series A in 2008
VAIREX international limitedis a privately held designer, manufacturer, and supplier of air management systems. These critical and efficient systems, consisting of integrated compressors, motors, and controllers, deliver clean air in hydrogen fuel cell and diesel emissions control devices. VAIREX's customers include leading Tier One suppliers and OEMs to the fuel cell and diesel industries in Europe, Asia, and North America.

Wal Fuel Systems

Venture Round in 2008
Wal Fuel Systems has develops and commercializes pre-engine treatment systems including advanced filtration technologies (fuel, oil, air), water separators for diesel engines meeting domestic Euro III emission standards. Wal is scaled up mass production and supplying customers locally and aboard. At the same time, Wal works with Chinese engine OEMs to develop and design the latest diesel engine models to comply with existing Euro III standards and prepare for future emissions limits.

Controlled Power Technologies

Venture Round in 2008
Investments made by the fund on 30/6/2011 and 16/4/2012. Controlled Power Technologies specialises in products that help car makers meet tightening legislation on CO2 emission and consumer demands for fuel economy by making the car more energy efficient (through the use of auxiliary electric motors and generators) without the need to fundamentally redesign either the car or the engine. CPT's products thereby provide an immediate improvement in automotive carbon emissions, for significantly less cost per gram of reduced CO2 than an equivalent hybrid, electric or fuel cell car can achieve. CPT’s products are all based around a special type of motor/generator technology, include: - VTES: an electric motor for improving efficiency of passenger-car engines through improved air-delivery. This product has now been sold to a major manufacturer which is continuing the business from its current location. - SpeedStart®: an electric motor/generator optimising engine performance when a vehicle is stationary, cruising or braking. - TIGERS®: an electric generator for capturing waste energy from the exhaust - COBRA: an electric motor for improving efficiency of non-passenger-car engines.

Amminex

Series C in 2007
Amminex is a Clean Tech company established by a group of five Danish scientists from the Technical University of Denmark. The company specializes in the development of Ammonia Storage and Delivery Storage (ASDS) systems, focusing on advancing these technologies for series production. Additionally, Amminex is engaged in creating the processes required for the large-scale production of its innovative product, AdAmmine.

Nano Fusion Technologies

Venture Round in 2005
Nano Fusion Technologies Inc. engages in the development and sale of microfluidics products. Its electro-osmotic micropump and microfluidics devices are used in micro fuel cell systems and other electronics products, research and development, analysis and diagnosis in biotech, and pharmaceutical and environmental industries. The company was founded in 2004 and is based in Tokyo, Japan.
Protonex is opening up a world of new energy by revolutionizing the way you can use portable power. Tap into tomorrow's power today and find the product that best suits your changing portable power needs. Protonex power solutions offer numerous advantages over batteries and generators
Protonex is opening up a world of new energy by revolutionizing the way you can use portable power. Tap into tomorrow's power today and find the product that best suits your changing portable power needs. Protonex power solutions offer numerous advantages over batteries and generators

PolyFuel

Series C in 2004
PolyFuel, Inc. designs, develops, engineers, and manufactures portable fuel cells to create electronic-based devices and products. The company was incorporated in 1999 and is headquartered in Mountain View, California.
Protonex is opening up a world of new energy by revolutionizing the way you can use portable power. Tap into tomorrow's power today and find the product that best suits your changing portable power needs. Protonex power solutions offer numerous advantages over batteries and generators

PEMEAS GmbH

Venture Round in 2004
PEMEAS GmbH is a supplier of fuel cell components. PEMEAS was founded in 2004 as a spin-off of the former Hoechst Group’s fuel cell activities. The company has approximately 50 employees and operates manufacturing and R&D facilities in Germany and the United States. PEMEAS is currently working with clients on projects to use fuel cells, for example, in portable electronics, residential applications or backup power systems.

CMR Fuel Cells

Series A in 2004
CMR Fuel Cells focuses on the development of micro power sources utilizing a unique and cost effective fuel cells for use in portable devices.

Cellex Power Products

Venture Round in 2002
Cellex focused on the development of hybridized (battery and fuel cells) power systems for use in powered industrial vehicles such as fork lift trucks where small increases in productivity can generate significant cost savings and capex reduction.