Equinor

Equinor is a Norway-based integrated energy company, established in 1972, that engages in the exploration, development, and production of oil and gas, as well as renewable energy sources like wind and solar power. It operates globally, with a significant presence on the Norwegian Continental Shelf, and produces a substantial amount of oil and gas, including refined products such as petrol, diesel, and natural gas. Additionally, Equinor invests in innovative companies through its venture capital arm, Equinor Ventures, focusing on energy, technology, and climate solutions, with a preference for minority stakes and a typical investment range of $1 million to $20 million.

Samuel Byrne

Vice President Operations, Renewables Americas

Kjersti Reinsnos

Managing Director

Desikan Sundararajan

Business Development - Wind and Low Carbon

Sophie Hildebrand

SVP Research and Technology and CTO

89 past transactions

RayGen

Series D in 2025
RayGen is an Australian technology company focused on solar power and electricity storage. Its Solar Power Plant provides on-demand renewable energy by combining PV Ultra solar cogeneration with electro-thermal storage to deliver utility-scale, time-shifted power and synchronous generation. The system is designed to be located where the grid requires flexibility and can support dispatchable electricity for grid services, cogeneration, and potential green hydrogen production. RayGen manufactures high-efficiency solar modules at a 25 MWac facility in Melbourne and has deployed 1 MWac PV Ultra projects under power purchase agreements. The company employs around 30 people across engineering, manufacturing, operations and sales and has received support from government programs such as ARENA and Victoria’s New Energy Jobs Fund.

SkySpecs

Private Equity Round in 2025
SkySpecs develops unmanned aerial vehicles and integrated software solutions for the wind energy sector, focusing on operations and maintenance. Its offerings include analytics, blade inspection services, engineering projects, and collaborative tools that aggregate and digitize data from multiple sources. The Horizon reporting platform and a central data repository streamline communication with third parties and enable full‑scale repair campaigns. Founded in 2012, the company is headquartered in Ann Arbor, Michigan, with an additional office in Amsterdam, Netherlands. SkySpecs aims to enhance productivity, efficiency, and returns for renewable energy assets by providing purpose‑built technologies that help customers make informed decisions.

ElectronX

Seed Round in 2025
ElectronX develops an energy exchange platform designed to stabilize short-term electricity pricing. It offers centrally cleared power derivatives, enabling utilities, traders, and independent power producers to effectively manage intraday price risks.

H2SITE

Series B in 2025
H2SITE develops on-site hydrogen production technology that enables compact systems for generating hydrogen at customer sites. The technology supports low-carbon hydrogen production and integrates production, transportation, and storage, making hydrogen transport more viable and helping unlock hydrogen markets. The company aims to help businesses reduce transportation costs and energy waste by providing efficient, on-site hydrogen solutions.

eSmart Systems

Venture Round in 2024
Founded in 2012, eSmart Systems develops AI-driven software solutions for the energy industry. Its cloud-born platform collects and analyzes vast data quantities from sensors in real-time, enabling optimized energy decisions, resource savings, and predictive maintenance. The company offers tailored solutions for utilities and applications for consumers, with a focus on global markets.

Ørsted

Post in 2024
Ørsted develops, maintains, and operates offshore and onshore renewable energy farms, energy storage facilities, and bioenergy plants. Its vision is a world powered entirely by green energy. Formerly known as DONG Energy, Ørsted has transformed from a black to a green energy company over the past decade, reducing its coal consumption significantly and aiming for full phase-out by 2023. As a global leader in offshore wind with a market share of 25%, it currently powers approximately 9.5 million people.

KoBold Metals

Series C in 2024
KoBold Metals specializes in global mineral exploration for battery materials. It combines geological expertise with advanced data analytics and machine learning to identify prospective cobalt sources, supporting the electric vehicle revolution.

44.01

Series A in 2024
44.01 specializes in CO2 removal from the atmosphere by accelerating the natural weathering process in peridotite rocks, converting captured CO2 into stable minerals.

Captura

Series A in 2024
Captura is a direct ocean capture company developing a carbon removal system that extracts carbon dioxide from ocean water to enable scalable, low-cost removal from the atmosphere. It uses electrodialysis technology that captures carbon without generating waste or requiring feedstocks, offering ocean-based removal suitable for carbon credit markets and producers of low-carbon products.

Inherit Carbon Solutions

Seed Round in 2024
Inherit Carbon Solutions creates durable nature-friendly carbon removal solutions.

Nth Cycle

Series B in 2023
Nth Cycle is a company specializing in metal processing technology. It collaborates with battery recyclers and miners to recover critical minerals from electronic waste and low-grade mine tailings using its proprietary electro-extraction method, offering an alternative to traditional hydrometallurgy and pyrometallurgy processes.

Infravision

Series A in 2023
Infravision specializes in custom engineering solutions focused on power line stringing for maintenance, repair, and construction projects in the energy, infrastructure, and mining sectors. The company utilizes drone technology, specifically a heavy-lift unmanned aircraft, to install line hardware on overhead earth wires and conductors, significantly reducing environmental impacts. Their innovative stringing system, known as TX, aims to enhance efficiency while preserving vegetation, local fauna, and agricultural land. Infravision is committed to assisting electric utilities in modernizing power grids through drone-enabled upgrades, providing certified solutions that facilitate sustainability and operational improvement across various projects worldwide.

Sapphire Technologies

Series B in 2023
Sapphire Technologies specializes in the development, manufacturing, and sale of energy recovery systems tailored for industrial applications involving natural gas and hydrogen. The company focuses on converting waste energy generated during pressure reduction processes into electric power, enabling businesses to enhance operational efficiency without disrupting ongoing processes. By recovering this otherwise wasted pressure energy, Sapphire Technologies assists companies in maximizing plant efficiencies, improving productivity, and reducing carbon emissions, while also helping to offset electrical costs and generate additional revenue. Their systems facilitate efficient transportation in pipelines, ensuring safe delivery through local distribution networks.

Rio Energy

Acquisition in 2023
Rio Energy is an environmental firm that focuses on the development, construction, and operation of renewable energy projects. The company specializes in creating power generation platforms that emphasize efficiency and sustainability. With integrated capabilities, Rio Energy delivers insights and services that support the full functionality of its projects, ensuring they operate effectively. The firm's commitment to the renewable energy sector positions it as a key player in the transition to sustainable power solutions.

KoBold Metals

Series B in 2023
KoBold Metals specializes in global mineral exploration for battery materials. It combines geological expertise with advanced data analytics and machine learning to identify prospective cobalt sources, supporting the electric vehicle revolution.

Carbon Recycling International

Funding Round in 2023
Founded in 2006, Carbon Recycling International specializes in producing renewable methanol using carbon dioxide, hydrogen, and electricity. Its proprietary technology enables large-scale conversion of emissions into liquid fuels and chemicals, promoting sustainability within the power generation and industrial production sectors.

Semodia

Series A in 2023
Semodia specializes in automation software for process industries. Its platform analyzes existing databases, integrates modules, and facilitates conversion to modular type packages (MTP), enhancing operational efficiency and reducing costs.

Lithium de France

Series B in 2023
Lithium de France, a subsidiary of the French group Arverne, specializes in the development of geothermal heat and lithium projects. The company focuses on harnessing geothermal energy to produce sustainable heat, creating large-scale heating networks that facilitate the transition to environmentally friendly practices. By collaborating with experts in subsoil management, geothermal energy, and lithium refining, Lithium de France aims to support clients in achieving a carbon-free future. Through its innovative approach, the company plays a significant role in advancing sustainable energy solutions.

Green Li-ion

Series B in 2023
Green Li-ion, established in 2020 with headquarters in Singapore, specializes in innovative battery recycling technology. The company's patented deep tech process enhances the purity of recycled materials, allowing lithium-ion batteries to be rejuvenated and reused efficiently. This unique approach addresses environmental concerns and improves profitability compared to conventional recycling methods by a factor of four.

Suncor Energy

Acquisition in 2023
Suncor Energy Inc. is an integrated energy company based in Calgary, Canada, primarily focused on the development of petroleum resource basins in the Athabasca oil sands, one of the largest oil reserves globally. The company engages in the exploration, production, and marketing of crude oil both in Canada and internationally. Its operations are divided into several segments, including Oil Sands, which involves the recovery and upgrading of bitumen; Exploration and Production, which includes offshore activities in Canada and international assets; and Refining and Marketing, where crude oil is refined into various petroleum products marketed through its Petro-Canada retail network. Additionally, Suncor is committed to advancing the transition to a low-emissions future by investing in renewable energy sources and power generation, while also participating in energy trading activities related to crude oil and natural gas. Founded in 1917, Suncor has established itself as a significant player in the global energy market.

Sif Holding

Post in 2023
Sif Holding N.V. is a manufacturer and supplier of steel tubulars primarily for the offshore wind and oil and gas sectors. Founded in 1948 and headquartered in Roermond, the Netherlands, the company operates through three segments: Wind, Oil and Gas, and Other. Its product offerings include monopiles, jackets, and various foundation components essential for offshore structures. Sif has established a strong presence in the North Sea market, particularly in subsea structures for the oil and gas industry. Additionally, the company provides logistical services and facilities, mainly supporting the offshore wind industry. Sif serves a diverse range of clients, including developers, engineering and production contractors, and energy companies, both domestically and internationally.

HSL Technologies

Series A in 2023
HSL Technologies develops hydrogen solutions focusing on safe transport, storage, and on-demand generation. Its HydroSil-based technology enables hydrogen to be moved through conventional infrastructure with reduced risk, supporting scalable delivery and storage. The company also engineers hydrogen generation technology that produces hydrogen on demand through a controlled reaction between two stable liquids, enabling safe transport and storage at ambient temperature and pressure. By delivering energy-dense, adaptable hydrogen options, HSL Technologies addresses logistical challenges tied to traditional storage and supports the transition to low-carbon energy systems.

Captura

Series A in 2023
Captura is a direct ocean capture company developing a carbon removal system that extracts carbon dioxide from ocean water to enable scalable, low-cost removal from the atmosphere. It uses electrodialysis technology that captures carbon without generating waste or requiring feedstocks, offering ocean-based removal suitable for carbon credit markets and producers of low-carbon products.

Danske Commodities

Corporate Round in 2022
Danske Commodities is an independent energy trading house and platform that trades power and gas across borders and links producers, suppliers, and consumers to wholesale energy markets. It supports renewable assets and conventional operations with services such as balancing, optimization of production and consumption, hedging, market monitoring, and risk management, as well as forecasting, procurement variables, and consumption optimization. The company offers trading and risk management solutions and monitoring software, delivered through a 24-hour trading setup to enable rapid responses to changing energy needs. Founded in 2004 and based in Aarhus, Denmark, with offices in major European hubs, Danske Commodities serves customers worldwide by providing tailored services that help market participants balance, hedge, and transact efficiently in wholesale energy markets.

RepAir

Series A in 2022
RepAir specializes in large-scale carbon removal technology. Its fully electric, zero-heat process efficiently separates CO2 from air using minimal energy, producing no hazardous waste or liquids.

Syzygy Plasmonics

Series C in 2022
Syzygy Plasmonics, Inc. is a Houston-based company that specializes in the design, development, and manufacturing of photocatalytic reactor systems for industrial chemical reactions. Founded in 2017, the company focuses on creating reactors that facilitate the generation of fuel cell quality hydrogen from ammonia, specifically for small-to-medium-scale applications. These advanced reactors operate at significantly lower temperatures than traditional chemical reactors, allowing for reduced maintenance costs and the ability to quickly start or stop production. By utilizing light as an energy source, Syzygy Plasmonics enables the integration of renewable electricity into chemical manufacturing, contributing to the decarbonization of various industries and supporting the on-site production of ultra-low-cost hydrogen gas for fuel cell vehicles.

Sol Clarity

Pre Seed Round in 2022
Sol Clarity specializes in enhancing solar panel efficiency through its self-cleaning technology. It develops transparent Electrodynamic Screen overlays that automatically remove dust from solar panels, improving energy yield without the need for water washing.

eSmart Systems

Series B in 2022
Founded in 2012, eSmart Systems develops AI-driven software solutions for the energy industry. Its cloud-born platform collects and analyzes vast data quantities from sensors in real-time, enabling optimized energy decisions, resource savings, and predictive maintenance. The company offers tailored solutions for utilities and applications for consumers, with a focus on global markets.

Elestor

Venture Round in 2022
Elestor BV, founded in 2014 by Wiebrand Kout and headquartered in Arnhem, the Netherlands, specializes in energy storage systems aimed at optimizing the use of self-generated renewable electricity. The company focuses on developing large-scale, cost-effective technologies that can be integrated with hydrogen infrastructures and electrolyzers. This integration significantly reduces the production costs of green hydrogen, allowing clients to lower their electricity storage expenses. Elestor's innovative approach positions it as a key player in the renewable energy sector, facilitating the efficient storage of electricity and promoting sustainable energy solutions.

Data Gumbo

Series C in 2022
Data Gumbo provides a blockchain-based smart contract platform that links real-time IoT sensor data with operational information to automate performance-based transactions. The platform operates as a blockchain-as-a-service solution, collecting and standardizing data for smart contract algorithms and enabling automatic execution on configurable schedules. It serves enterprises globally, including oil and gas supply chains, and aims to reduce payment delays, disputes, and complex reconciliations by integrating real-time data, APIs, and distributed ledger technology. Beyond transactional automation, the company offers sustainability measurement tools that tie operational data to ESG standards, helping reduce contract leakage, free up working capital, and improve cash flow and visibility. The result is streamlined operations, greater accountability, and provenance across complex industrial networks.

Revterra

Series A in 2022
Founded in 2017, Revterra specializes in developing flywheel energy storage systems for industrial and utility-scale applications. Its patented technology uses passive magnetic bearings to enable low-power consumption at high speeds, facilitating the storage of renewable energies like wind and solar.

East Point Energy

Acquisition in 2022
Founded in 2017, East Point Energy develops and operates utility-scale energy storage projects. It partners with utilities, independent power producers, landowners, and communities to enhance grid reliability, resilience, and affordability.

H2SITE

Series A in 2022
H2SITE develops on-site hydrogen production technology that enables compact systems for generating hydrogen at customer sites. The technology supports low-carbon hydrogen production and integrates production, transportation, and storage, making hydrogen transport more viable and helping unlock hydrogen markets. The company aims to help businesses reduce transportation costs and energy waste by providing efficient, on-site hydrogen solutions.

Electric Hydrogen

Series B in 2022
Electric Hydrogen is a company focused on deep decarbonization by developing low-cost, high-efficiency systems for producing fossil-free hydrogen. The company targets industrial sectors such as ammonia and steel production, which contribute significantly to global greenhouse gas emissions. By rethinking electrolysis technology from scratch, Electric Hydrogen aims to make clean hydrogen competitive with traditional methods in terms of cost and scale. Their advanced PEM (Proton Exchange Membrane) technology uses renewable electricity to generate clean hydrogen gas, reducing industrial pollution and dependence on fossil fuels. The company's leadership team brings extensive experience from pioneering clean energy companies like Tesla and First Solar, positioning Electric Hydrogen as a strong contender in the quest for zero-emission industrial processes.

Beam

Series B in 2022
Rovco Ltd is a company based in Bristol, United Kingdom, specializing in underwater hydrographic survey and inspection services through the use of remotely operated vehicles (ROVs) and autonomous underwater vehicles (AUVs). Founded in 2015, Rovco serves clients in the oil, gas, and renewable energy sectors by offering advanced technologies that enhance the management and inspection of subsea assets. The company's innovative solutions include 3D photogrammetry, which creates detailed 3D models from high-resolution photographs, allowing clients to assess their assets for damage, corrosion, and marine growth. By leveraging artificial intelligence and machine learning, Rovco provides autonomous subsea robotics and advanced inspection capabilities, enabling clients to make informed engineering decisions and undertake preventative maintenance, thereby reducing project risks and costs.

Booster

Series D in 2022
Booster is a mobile energy delivery company based in San Mateo, California, that focuses on decarbonizing last-mile delivery. Established in 2015, it provides a full-service gas station on wheels, allowing customers to refuel their vehicles at any location via a mobile application. This innovative approach has enabled over 120,000 customers and more than 300 businesses to save significant time and resources, with reported savings of over eight million miles driven and four million pounds of CO2 emissions avoided. By streamlining fuel delivery, Booster helps businesses reclaim more than 31,000 labor hours annually, while also reducing wear and tear on vehicles and minimizing fueling costs.

SkySpecs

Series D in 2022
SkySpecs develops unmanned aerial vehicles and integrated software solutions for the wind energy sector, focusing on operations and maintenance. Its offerings include analytics, blade inspection services, engineering projects, and collaborative tools that aggregate and digitize data from multiple sources. The Horizon reporting platform and a central data repository streamline communication with third parties and enable full‑scale repair campaigns. Founded in 2012, the company is headquartered in Ann Arbor, Michigan, with an additional office in Amsterdam, Netherlands. SkySpecs aims to enhance productivity, efficiency, and returns for renewable energy assets by providing purpose‑built technologies that help customers make informed decisions.

Beeyonder

Seed Round in 2022
Beeyonder is a virtual tour company focused on customer-centric experiences. It offers sustainable, engaging tours suitable for various group sizes, including corporate groups, senior facilities, schools, and non-profits. Their user-friendly platform enables easy booking of virtual tours.

Vaarst

Series B in 2022
Vaarst is a developer of robotic analytic solutions focused on ocean applications and mobile autonomous robotics. The company utilizes advanced computer vision technology to capture, store, manage, and analyze data, incorporating features such as live streaming and geo-referencing. Vaarst's innovative approach aims to streamline inspection processes, significantly reducing costs and minimizing the time required for thorough examinations. By leveraging machine learning, Vaarst enhances the efficiency and effectiveness of data analysis in maritime environments.

KoBold Metals

Series B in 2022
KoBold Metals specializes in global mineral exploration for battery materials. It combines geological expertise with advanced data analytics and machine learning to identify prospective cobalt sources, supporting the electric vehicle revolution.

ContextLabs

Funding Round in 2022
Context Labs offers enterprise platform solutions focused on enhancing trust and transparency across both digital and physical environments. The company specializes in blockchain-enabled technologies, providing secure distributed ledgers, data interoperability, and trusted identity management. Its product offerings include components that facilitate machine learning and AI-driven analytics, enabling clients to gain context-driven insights and transform their supply chain ecosystems. Additionally, Context Labs delivers network graph analytics and data visualization tools, supporting big data integration and enhancing overall data fabric interoperability. Through these innovations, the company aims to empower organizations with the ability to manage and analyze complex datasets effectively.

Noriker Power

Venture Round in 2021
Noriker Power builds and operates a portfolio of energy assets, developing projects from origination through to delivering grid services. They provide project development, asset optimization, control systems & integration, and data services.

Interface Fluidics

Series B in 2021
Interface Fluidics is an international technology company specializing in innovative reservoir fluid analysis services. Utilizing proprietary nanofluidic technology, the company helps energy industries better understand their reservoirs, enabling more confident production decisions.

Sapphire Technologies

Series A in 2021
Sapphire Technologies specializes in the development, manufacturing, and sale of energy recovery systems tailored for industrial applications involving natural gas and hydrogen. The company focuses on converting waste energy generated during pressure reduction processes into electric power, enabling businesses to enhance operational efficiency without disrupting ongoing processes. By recovering this otherwise wasted pressure energy, Sapphire Technologies assists companies in maximizing plant efficiencies, improving productivity, and reducing carbon emissions, while also helping to offset electrical costs and generate additional revenue. Their systems facilitate efficient transportation in pipelines, ensuring safe delivery through local distribution networks.

LevelTen Energy

Series C in 2021
LevelTen Energy is a Seattle-based company that operates a renewable energy transaction marketplace platform. Founded in 2016, it facilitates connections between corporate and industrial power buyers and utility-scale wind, solar, and storage projects. The platform enables these buyers to access power purchase agreements (PPAs), providing financial security through fixed-price renewables and the economic advantages of large-scale projects. LevelTen Energy equips renewable energy buyers, advisors, and sellers with tools and services to expedite better deals.

Data Gumbo

Series B in 2021
Data Gumbo provides a blockchain-based smart contract platform that links real-time IoT sensor data with operational information to automate performance-based transactions. The platform operates as a blockchain-as-a-service solution, collecting and standardizing data for smart contract algorithms and enabling automatic execution on configurable schedules. It serves enterprises globally, including oil and gas supply chains, and aims to reduce payment delays, disputes, and complex reconciliations by integrating real-time data, APIs, and distributed ledger technology. Beyond transactional automation, the company offers sustainability measurement tools that tie operational data to ESG standards, helping reduce contract leakage, free up working capital, and improve cash flow and visibility. The result is streamlined operations, greater accountability, and provenance across complex industrial networks.

Carbon Clean Solutions

Series B in 2021
Carbon Clean Solutions develops carbon dioxide capture and recovery technology for industrial and power generation. Its solutions enable energy-efficient CO2 separation from flue gases and gas streams, with systems designed to retrofit existing plants and support new-build installations. The technology serves cement, steel, fertilizer, chemical, petrochemical, and utility sectors, helping reduce direct emissions from coal- or gas-fired sources. It employs regenerable solvent-based capture processes and process integration approaches to improve capture rates while lowering operating costs. Founded in 2009 and headquartered in Mumbai, the company maintains research facilities in the United Kingdom and India and has a global commercial presence including the United States.

SeekOps

Series B in 2021
SeekOps develops gas sensing technology and data solutions to detect, localize, and quantify natural gas emissions in the oil and gas industry. The company combines drone-based sensors with analytic tools to identify methane leaks, provide precise quantification, and support end-to-end greenhouse gas emissions reporting for energy customers and regulators. Headquartered in Austin, Texas, SeekOps was founded in 2017 and serves customers in the United States and internationally. Its technology emphasizes accurate leak detection with minimal false positives and aims to raise emissions measurement and reporting standards across environment, health, and safety domains.

Mainspring

Series D in 2021
Mainspring Energy, Inc. is a technology company based in Menlo Park, California, that specializes in developing linear generator technology for low carbon, dispatchable energy solutions. Founded in 2010 by three Stanford engineers, the company focuses on creating advanced prototypes that convert fuel into electricity through a unique, low-temperature reaction of air and fuel. This innovative approach allows Mainspring to offer generators that provide affordable, reliable electricity while significantly reducing carbon emissions compared to traditional electric grids. The company's mission is to address climate change and enhance energy accessibility, contributing to the development of net-zero carbon energy systems for the future.

Syzygy Plasmonics

Series B in 2021
Syzygy Plasmonics, Inc. is a Houston-based company that specializes in the design, development, and manufacturing of photocatalytic reactor systems for industrial chemical reactions. Founded in 2017, the company focuses on creating reactors that facilitate the generation of fuel cell quality hydrogen from ammonia, specifically for small-to-medium-scale applications. These advanced reactors operate at significantly lower temperatures than traditional chemical reactors, allowing for reduced maintenance costs and the ability to quickly start or stop production. By utilizing light as an energy source, Syzygy Plasmonics enables the integration of renewable electricity into chemical manufacturing, contributing to the decarbonization of various industries and supporting the on-site production of ultra-low-cost hydrogen gas for fuel cell vehicles.

Hyperion Global Energy

Seed Round in 2021
Hyperion Global Energy develops modular carbon capture and recycling technology for industrial-scale deployment, designing advanced thermal reactors that divert waste carbon dioxide from heavy industry and convert it into high-value mineral commodities. The company employs patented processes to enable compact systems capable of handling large CO2 flows while generating power, with the aim of addressing energy needs and reducing climate impact. By turning emissions into minerals and energy, Hyperion Global Energy seeks to provide affordable, clean, and safe energy solutions for clients and advance cleaner industrial operations.

Data Gumbo

Series B in 2020
Data Gumbo provides a blockchain-based smart contract platform that links real-time IoT sensor data with operational information to automate performance-based transactions. The platform operates as a blockchain-as-a-service solution, collecting and standardizing data for smart contract algorithms and enabling automatic execution on configurable schedules. It serves enterprises globally, including oil and gas supply chains, and aims to reduce payment delays, disputes, and complex reconciliations by integrating real-time data, APIs, and distributed ledger technology. Beyond transactional automation, the company offers sustainability measurement tools that tie operational data to ESG standards, helping reduce contract leakage, free up working capital, and improve cash flow and visibility. The result is streamlined operations, greater accountability, and provenance across complex industrial networks.

Earth Science Analytics

Series B in 2020
Earth Science Analytics AS is a Norwegian company specializing in cloud-based software solutions for the petroleum geosciences market. Founded in 2012 and headquartered in Stavanger, it offers a range of geoscience-driven software products designed to enhance exploration success in complex geological environments. The company's primary platform, EarthNET, is a web-based, geospatial-oriented software as a service (SaaS) that utilizes artificial intelligence to predict rock and fluid properties in the subsurface. Additional offerings include EarthBANK, a geo-data management platform; EarthGRAPH, a data visualization tool; and EarthINSIGHT, a decision support tool. Through machine learning workflows, Earth Science Analytics aims to deliver high-quality, data-driven predictions to clients in the exploration and production sector, improving efficiency, precision, and cost-effectiveness compared to traditional methods.

Commonwealth Fusion

Series A in 2020
Founded in 2017, Commonwealth Fusion is a research company developing fusion energy through an inexhaustible power plant. It combines proven physics with revolutionary superconducting magnet technology to accelerate the path to commercial fusion energy.

SeekOps

Series A in 2019
SeekOps develops gas sensing technology and data solutions to detect, localize, and quantify natural gas emissions in the oil and gas industry. The company combines drone-based sensors with analytic tools to identify methane leaks, provide precise quantification, and support end-to-end greenhouse gas emissions reporting for energy customers and regulators. Headquartered in Austin, Texas, SeekOps was founded in 2017 and serves customers in the United States and internationally. Its technology emphasizes accurate leak detection with minimal false positives and aims to raise emissions measurement and reporting standards across environment, health, and safety domains.

Interface Fluidics

Series A in 2019
Interface Fluidics is an international technology company specializing in innovative reservoir fluid analysis services. Utilizing proprietary nanofluidic technology, the company helps energy industries better understand their reservoirs, enabling more confident production decisions.

eSmart Systems

Venture Round in 2019
Founded in 2012, eSmart Systems develops AI-driven software solutions for the energy industry. Its cloud-born platform collects and analyzes vast data quantities from sensors in real-time, enabling optimized energy decisions, resource savings, and predictive maintenance. The company offers tailored solutions for utilities and applications for consumers, with a focus on global markets.

Data Gumbo

Series A in 2019
Data Gumbo provides a blockchain-based smart contract platform that links real-time IoT sensor data with operational information to automate performance-based transactions. The platform operates as a blockchain-as-a-service solution, collecting and standardizing data for smart contract algorithms and enabling automatic execution on configurable schedules. It serves enterprises globally, including oil and gas supply chains, and aims to reduce payment delays, disputes, and complex reconciliations by integrating real-time data, APIs, and distributed ledger technology. Beyond transactional automation, the company offers sustainability measurement tools that tie operational data to ESG standards, helping reduce contract leakage, free up working capital, and improve cash flow and visibility. The result is streamlined operations, greater accountability, and provenance across complex industrial networks.

Reactive Technologies

Series C in 2019
Reactive Technologies LTD is an energy technology company based in London, United Kingdom, focused on facilitating the transition to clean energy through innovative solutions for grid operators, electric utilities, and renewable asset owners. The company offers a range of advanced technologies, including GridMetrix, which provides real-time inertia measurements for transmission system operators, and GridMetrix for distribution network operators, which measures system strength and helps manage constraints. Its Tradenergy platform enhances forecasting, risk management, and optimization for energy flexibility, while the Dynamic PPA feature allows generators to capitalize on market opportunities and mitigate price risks. Reactive Technologies is recognized for its groundbreaking Grid-Sonar™ technology, which delivers precise data on grid operations, thereby improving planning and maximizing electricity supply utilization. Established in 2010, the company has expanded its reach internationally, with commercial offices in the UK, USA, and Australia, and an R&D center in Finland.

Oxford PV

Series D in 2019
Oxford PV is a company based in Oxford, United Kingdom, founded in 2010 by Henry Snaith and Kevin Arthur. It specializes in the development and commercialization of thin-film perovskite solar cells, which are designed to be printed directly onto silicon solar cells, CIGS solar cells, or glass. The company's innovative technology enhances photovoltaic performance by efficiently capturing specific parts of the solar spectrum, providing a low-cost and lightweight alternative for energy generation. Oxford PV aims to contribute significantly to the growth of renewable energy globally through its advanced solar cell solutions.

Nesh

Pre Seed Round in 2019
Nesh, founded in 2017 and headquartered in Houston, Texas, builds a conversational artificial intelligence platform that consolidates enterprise knowledge and delivers actionable insights. The system uses natural language processing and machine learning to answer complex technical questions, provide market data, and support competitive benchmarking across industries such as oil and gas, chemicals, materials, and advanced manufacturing. It offers workflows for information queries, prospecting, product positioning, regulatory compliance checks, and learning modules that accelerate sales cycles and improve onboarding. By integrating product data, expert knowledge, and real‑time updates from technical papers, press releases, and social media, Nesh creates a single source of truth that enables technical and commercial teams to make faster decisions, schedule and monitor activities, and coordinate field operations. The platform is designed to increase close rates, reduce time spent on routine tasks, and enhance overall productivity.

Yellow Door Energy

Series A in 2019
Yellow Door Energy, established in 2015 with headquarters in Dubai and operations in Amman, specializes in distributed solar power generation for commercial and industrial customers across the Middle East and Africa. The company finances, designs, builds, operates, and maintains solar plants, enabling clients to adopt renewable energy solutions without upfront capital expenditure. Once operational, clients pay a monthly bill based on electricity produced. Yellow Door Energy aims to develop over 1 gigawatt of distributed solar capacity, demonstrating its commitment to sustainability and clean energy in the region.

Scatec ASA

Post in 2018
Scatec ASA is an integrated independent solar power producer based in Oslo, Norway. Founded in 2007, the company specializes in the design, development, financing, engineering, procurement, construction management, ownership, operation, and maintenance of solar photovoltaic power plants. Scatec operates through three segments: Power Production, Services, and Development and Construction. With a portfolio of 1.9 GW in operation and under construction, Scatec's projects are located in various countries, including Argentina, Brazil, the Czech Republic, Egypt, Honduras, Jordan, Malaysia, Mozambique, Rwanda, South Africa, and Ukraine. The company aims to deliver affordable and sustainable clean energy solutions globally. Scatec changed its name from Scatec Solar ASA in November 2020 to reflect its broader focus and capabilities in the renewable energy sector.

Danske Commodities

Acquisition in 2018
Danske Commodities is an independent energy trading house and platform that trades power and gas across borders and links producers, suppliers, and consumers to wholesale energy markets. It supports renewable assets and conventional operations with services such as balancing, optimization of production and consumption, hedging, market monitoring, and risk management, as well as forecasting, procurement variables, and consumption optimization. The company offers trading and risk management solutions and monitoring software, delivered through a 24-hour trading setup to enable rapid responses to changing energy needs. Founded in 2004 and based in Aarhus, Denmark, with offices in major European hubs, Danske Commodities serves customers worldwide by providing tailored services that help market participants balance, hedge, and transact efficiently in wholesale energy markets.

ScoutDI

Venture Round in 2018
Scout Drone Inspection AS, based in Trondheim, Norway, specializes in designing and developing advanced drones and cloud-based data analytics tools for indoor inspections, particularly in confined spaces. Founded in 2017, the company has created the Scout 137 drone, which facilitates the inspection of indoor industrial assets without the need for scaffolding or climbing, thus reducing costs and enhancing safety. The drones are equipped with indoor collision avoidance technology and planned navigation routes, allowing for autonomous operation. Through the Scout Portal, users can monitor inspections in real-time, accurately location-tag findings within a 3D asset model, and generate comprehensive reports. ScoutDI serves a diverse clientele across all continents, addressing the challenges of manual visual inspections while improving efficiency and safety in industrial settings.

fos4X

Series B in 2018
fos4X GmbH, established in Munich, Germany in 2010, specializes in manufacturing high-performance fiber optic measurement equipment. The company's primary focus is on monitoring lightweight structures, particularly rotor blades in wind turbines. Their innovative fiber-optic measuring systems are designed to withstand extreme loads and strains, offering significant advantages over conventional sensors. Following its acquisition by Polytech A/S in September 2020, fos4X continues to provide advanced measurement technology solutions for optimizing power output and monitoring energy usage in wind power plants.

Upwing Energy

Venture Round in 2018
Upwing Energy, Inc. is a technology developer focused on enhancing natural gas production through innovative artificial lift solutions. Incorporated in 2015 and headquartered in Cerritos, California, the company specializes in the Upwing Subsurface Compressor Systems, which optimize gas well performance by enabling higher drawdown at the compressor's suction, thereby increasing gas production and recoverable reserves while reducing energy consumption. Upwing's magnetic drive system further enhances oil production by leveraging magnetic technologies to drive and levitate the rotor on a retrievable string without requiring mechanical and electrical connections. This technology is applicable in both onshore and offshore subsea wells, positioning Upwing Energy as a leader in improving production and recovery rates from conventional and unconventional natural gas resources, ultimately aiming to maximize the economic returns for its clients. Upwing Energy operates as a subsidiary of Calnetix Technologies, LLC.

Oxford PV

Series D in 2018
Oxford PV is a company based in Oxford, United Kingdom, founded in 2010 by Henry Snaith and Kevin Arthur. It specializes in the development and commercialization of thin-film perovskite solar cells, which are designed to be printed directly onto silicon solar cells, CIGS solar cells, or glass. The company's innovative technology enhances photovoltaic performance by efficiently capturing specific parts of the solar spectrum, providing a low-cost and lightweight alternative for energy generation. Oxford PV aims to contribute significantly to the growth of renewable energy globally through its advanced solar cell solutions.

Mainspring

Series C in 2018
Mainspring Energy, Inc. is a technology company based in Menlo Park, California, that specializes in developing linear generator technology for low carbon, dispatchable energy solutions. Founded in 2010 by three Stanford engineers, the company focuses on creating advanced prototypes that convert fuel into electricity through a unique, low-temperature reaction of air and fuel. This innovative approach allows Mainspring to offer generators that provide affordable, reliable electricity while significantly reducing carbon emissions compared to traditional electric grids. The company's mission is to address climate change and enhance energy accessibility, contributing to the development of net-zero carbon energy systems for the future.

Petrobras

Post in 2017
Founded in 1953, Petrobras is a Brazilian integrated energy company specializing in the exploration and production of oil and gas, with a significant portion of its reserves located in deep and ultra-deep waters. The company operates ten refineries in Brazil, producing approximately 2 million barrels of oil equivalent per day, and distributes refined products and natural gas throughout the country. Petrobras is committed to socio-environmental responsibility and has been recognized as one of the world's most sustainable corporations.

Ambyint

Series A in 2017
Founded in 2004, Ambyint specializes in artificial lift optimization solutions for the oil and gas industry. Its flagship product, the Ambyint Production Optimization Platform, combines advanced physics-based analytics with AI to automate operations, enhance production, reduce operating costs, and predict failures across various well types.

Oxford PV

Series C in 2017
Oxford PV is a company based in Oxford, United Kingdom, founded in 2010 by Henry Snaith and Kevin Arthur. It specializes in the development and commercialization of thin-film perovskite solar cells, which are designed to be printed directly onto silicon solar cells, CIGS solar cells, or glass. The company's innovative technology enhances photovoltaic performance by efficiently capturing specific parts of the solar spectrum, providing a low-cost and lightweight alternative for energy generation. Oxford PV aims to contribute significantly to the growth of renewable energy globally through its advanced solar cell solutions.

Convergent Energy and Power

Funding Round in 2016
Convergent Energy and Power is a developer of energy storage assets, focusing on clean energy solutions. The company specializes in commercial and industrial applications to grid-connected systems, managing all aspects of the development cycle from project identification to operations.

Carbon Trust

Venture Round in 2016
Established in 2001, Carbon Trust is a global organization dedicated to accelerating sustainable, low-carbon economies. With over 200 experts spanning engineering, finance, and policy, they assist businesses, governments, and institutions worldwide in reducing carbon emissions and enhancing resource efficiency.

LUX Assure

Venture Round in 2016
LUX Assure Limited is a technology company based in Edinburgh, United Kingdom, specializing in the development of chemical monitoring solutions for the oil and gas industry. Founded in 2001, the company provides innovative technologies that enable the detection, measurement, and monitoring of chemical concentrations both offshore and onshore. Its flagship product, CoMic, helps clients determine the optimal dosage of corrosion inhibitors, while a range of testing kits offers onsite or offshore colorimetric analysis for monitoring scale, corrosion, and hydrate inhibitors in both water and hydrocarbons. LUX Assure's robust and highly sensitive solutions have been recognized within the industry, earning awards for their innovation and effectiveness in addressing the challenges of chemical monitoring during extraction processes. The company serves a diverse clientele in the United Kingdom and internationally.

United Wind

Series B in 2016
United Wind is a renewable energy company based in Brooklyn, New York, specializing in small-scale wind turbine solutions. Founded in 2013 by Russell Tencer and Tal Mamo, the company offers distributed-scale wind energy through its WindLease program, which provides financing for wind turbines, handles installation, permitting, and maintenance, and guarantees service. This allows customers to avoid upfront purchase costs and save on electricity expenses. United Wind also provides WindSight, a tool for analyzing local wind potential and recommending suitable turbines. The company serves agricultural, residential, commercial, and educational sectors, offering an affordable turn-key wind energy solution that includes turbine repairs and other related services.

Corvus Energy

Corporate Round in 2015
Corvus Energy Ltd. is a Canadian company specializing in the research, development, manufacture, and supply of energy storage solutions for the marine, oil and gas, and port sectors. Established in 2009 and headquartered in Richmond, the company focuses on delivering advanced lithium-ion battery technologies that create modular energy storage systems. These systems are designed to offer consistent and economical power for hybrid and all-electric maritime applications, including cruise ships, ferries, offshore vessels, and heavy industrial machinery. In addition to its energy storage products, Corvus Energy provides a range of services such as technical support, spare parts, extended warranties, field service, and training. The company's innovative solutions are recognized for enhancing operational efficiency and promoting clean energy leadership in the industry.

Quantico Energy Solutions

Series A in 2015
Founded in 2012, Quantico Energy Solutions specializes in providing data-driven solutions for the oil and gas industry. Based in Houston, Texas, the company focuses on enhancing shale resource development worldwide through predictive analytics. Its key offerings include QLog, which generates synthetic logs for horizontal and vertical wells, and QFrac, a service that recommends engineered completion designs based on geomechanical property interpretations.

LUX Assure

Funding Round in 2013
LUX Assure Limited is a technology company based in Edinburgh, United Kingdom, specializing in the development of chemical monitoring solutions for the oil and gas industry. Founded in 2001, the company provides innovative technologies that enable the detection, measurement, and monitoring of chemical concentrations both offshore and onshore. Its flagship product, CoMic, helps clients determine the optimal dosage of corrosion inhibitors, while a range of testing kits offers onsite or offshore colorimetric analysis for monitoring scale, corrosion, and hydrate inhibitors in both water and hydrocarbons. LUX Assure's robust and highly sensitive solutions have been recognized within the industry, earning awards for their innovation and effectiveness in addressing the challenges of chemical monitoring during extraction processes. The company serves a diverse clientele in the United Kingdom and internationally.

Verdande Technology

Venture Round in 2012
Verdande Technology, previously known as Volve AS, specializes in developing innovative products and services that facilitate the re-use of knowledge through advanced reasoning technology. Its core technology employs case-based reasoning, allowing users to address new challenges by leveraging solutions from similar past experiences. This approach is particularly beneficial for industries such as oil and gas, where the company provides tools that assist in interpreting drilling data. By identifying, capturing, and analyzing data patterns in real-time, Verdande Technology enables clients to predict future problems, diagnose issues, and uncover potentially impactful events. This capability empowers organizations to make informed decisions and enhance operational effectiveness.

Numascale

Series B in 2012
Numascale AS is a technology company based in Oslo, Norway, founded in 2008, that specializes in computer system interconnect technology for enterprise servers. The company develops solutions that facilitate scalable in-memory computing, enabling vendors to create big data analytics appliances tailored to specific performance requirements. Numascale's offerings include the NumaQ terascale in-memory analytics appliance, which efficiently handles data analytics workloads, and the NumaQ R Appliance, designed for statistical computing with R. Additionally, it provides MonetDB, a column-store database integrated with R, enhancing database-centric analytics capabilities. The company's innovative modular chip microarchitecture features on-chip memory transaction engines and a shared memory architecture, streamlining the design process for system vendors by eliminating the need for external interconnect fabric switches. Numascale operates as a subsidiary of Dolphin Group ASA.

Brigham Exploration

Acquisition in 2011
Brigham is an independent exploration and production company that applies 3-D seismic imaging and other advanced technologies to systematically explore and develop onshore domestic natural gas and oil provinces. With this focus, Brigham has achieved rapid growth in reserves, potential drilling locations and 3-D seismic data.

Danotek Motion Technologies

Series B in 2011
Danotek Motion Technologies Inc, founded in 2001, in Ann Arbor, Michigan is an ISO 9001:2000 certified technology innovator. Danotek develops clean, energy efficient, generators, electrical conversion systems, brushless motors and electronics controls for alternative energy and advanced transportation applications. Danotek has developed a number of patent-pending innovative products that include variable speed permanent magnet (PM) generators and brushless motors with integrated electronics for wind power, fuel cell, CHP, auxiliary power and electric and hybrid electric vehicles. Their designs represent industry leadership and are expected to replace inefficient and unreliable systems with added extensive control features.

Danotek Motion Technologies

Series A in 2008
Danotek Motion Technologies Inc, founded in 2001, in Ann Arbor, Michigan is an ISO 9001:2000 certified technology innovator. Danotek develops clean, energy efficient, generators, electrical conversion systems, brushless motors and electronics controls for alternative energy and advanced transportation applications. Danotek has developed a number of patent-pending innovative products that include variable speed permanent magnet (PM) generators and brushless motors with integrated electronics for wind power, fuel cell, CHP, auxiliary power and electric and hybrid electric vehicles. Their designs represent industry leadership and are expected to replace inefficient and unreliable systems with added extensive control features.

Pelamis Wave Power

Venture Round in 2008
Pelamis Wave Power is a pioneer in the renewable energy sector, specializing in the generation of electricity from ocean waves. The company has developed the Pelamis Wave Energy Converter, a semi-submerged and articulated structure made up of cylindrical sections connected by hinged joints. This innovative system is designed to assist project developers and electricity generators in the development, construction, and operation of wave power projects. Pelamis Wave Power was the first to introduce a commercial-scale machine capable of delivering electricity to the grid from offshore wave energy, marking a significant advancement in the utilization of marine resources for sustainable energy production.

BrightSource

Series C in 2008
BrightSource Energy, Inc. is a solar thermal technology company that specializes in designing, developing, and selling systems for utility-scale electric power plants both in the United States and internationally. The company utilizes fields of tracking mirrors, known as heliostats, which are controlled by proprietary software to concentrate sunlight onto a solar receiver/boiler unit, producing high-temperature steam. This steam can be harnessed for electricity generation via conventional steam turbines or for industrial applications, such as thermal enhanced oil recovery. In addition to its core technology, BrightSource provides comprehensive project development services that include site acquisition, permitting, and interconnection to the electrical grid. The company targets utility-scale solar thermal power project owners, contractors, and oil production companies, fostering strategic partnerships with notable firms in the industry. Founded in 2004 and headquartered in Oakland, California, BrightSource aims to offer low-cost, reliable clean energy solutions that help reduce dependency on fossil fuels.

Verdande Technology

Seed Round in 2007
Verdande Technology, previously known as Volve AS, specializes in developing innovative products and services that facilitate the re-use of knowledge through advanced reasoning technology. Its core technology employs case-based reasoning, allowing users to address new challenges by leveraging solutions from similar past experiences. This approach is particularly beneficial for industries such as oil and gas, where the company provides tools that assist in interpreting drilling data. By identifying, capturing, and analyzing data patterns in real-time, Verdande Technology enables clients to predict future problems, diagnose issues, and uncover potentially impactful events. This capability empowers organizations to make informed decisions and enhance operational effectiveness.

Tampnet

Acquisition in 2001
Tampnet operates the largest offshore high-capacity communication network globally, primarily serving the North Sea and the Gulf of Mexico. The company provides robust and reliable connectivity to over 350 oil and gas platforms, floating production storage and offloading units (FPSOs), and exploration rigs. Tampnet's infrastructure includes fiber optic cables, 4G base stations, and microwave links, facilitating high-speed and low-latency data transmission. By connecting offshore assets to a terrestrial network, Tampnet enhances the quality, health, safety, efficiency, and welfare of its customers' operations. The company's vision is to establish itself as a global leader in offshore connectivity, focusing on adding value through resilient communication solutions tailored for mobile rigs and vessels.
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