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.
Electronx
Seed Round in 2025
ElectronX is a developer of an electricity exchange platform focused on facilitating the transition of the U.S. grid to renewable energy sources. As the demand for electricity increases and the grid adapts to more intermittent renewable inputs, the company aims to support power providers, consumers, and industry innovators by addressing the challenges associated with volatile electricity pricing. By enabling market participants to hedge risks and monetize their power assets, ElectronX plays a crucial role in modernizing the power market and promoting the adoption of clean energy solutions.
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.
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.
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.
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.
East Point Energy
Acquisition in 2022
East Point Energy, LLC is an energy storage company based in Charlottesville, Virginia, founded in 2017. The company focuses on developing and operating utility-scale energy storage projects that enhance the affordability, reliability, and resilience of the electrical grid. East Point Energy partners with utilities, independent power producers, landowners, and communities to deploy standalone, front-of-the-meter battery storage systems. By facilitating the integration of renewable energy into the grid, the company aims to improve overall grid performance and support environmental sustainability.
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.
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.
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.
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.
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.