RayGen is an Australian technology company specializing in advanced solar power and electricity storage solutions. It offers a Solar Power Plant that provides renewable energy on demand, featuring a cost-effective, long-duration solar plus storage system. This utility-scale installation enables time-shifting energy storage and synchronous generation of high-quality power, adaptable to various grid locations. The core technologies include RayGen's proprietary PV Ultra for solar cogeneration and Thermal Hydro for electro-thermal storage. With a team of 30 professionals in engineering, manufacturing, operations, and sales, RayGen has successfully developed and sold 1MWAC PV Ultra projects supported by power purchase agreements. The company manufactures its high-efficiency solar modules at a 25MWAC facility in Melbourne and has received backing from the Australian Renewable Energy Agency and the Victorian Government’s New Energy Jobs Fund.
H2SITE is a company focused on developing renewable technologies for on-site hydrogen production. Its innovative systems and membranes are designed to facilitate high efficiency and purity in hydrogen generation, particularly for applications such as separation and ammonia cracking. H2SITE's compact technology not only optimizes the production of low-carbon hydrogen but also enhances the viability of hydrogen transport, thereby unlocking opportunities in the global hydrogen market. By enabling businesses to produce hydrogen on-site, H2SITE helps reduce transportation costs and minimizes energy waste, positioning itself as a key player in the transition to sustainable energy solutions.
Ørsted is a Danish company specializing in the development and maintenance of offshore and onshore renewable energy farms, energy storage facilities, and bioenergy plants. Formerly known as DONG Energy, Ørsted has undergone a significant transformation over the past decade, committing to a vision of a world powered entirely by green energy. The company has dramatically reduced its coal consumption by 73% and aims to completely phase out coal by 2023. As a global leader in offshore wind, Ørsted holds a 25% market share, providing energy to approximately 9.5 million people. By the end of 2023, Ørsted operated 8.9 gigawatts of offshore wind capacity, with the United Kingdom being its largest market, followed by Germany and Denmark. The company is also expanding its presence outside Europe with projects in Taiwan and the United States, where it operates 4.8 gigawatts of onshore wind and solar assets. In addition to its renewable initiatives, Ørsted still engages in traditional utilities, including conventional power plants.
Captura is a company focused on direct ocean carbon capture, developing technology to efficiently extract carbon dioxide from ocean water. Its innovative system leverages the natural carbon removal capabilities of the ocean to capture atmospheric CO2 on a large scale and at a low cost. This approach not only addresses the urgent need for carbon sequestration but also aligns with the increasing demand for carbon credits in the market. By utilizing renewable electricity and ocean water, Captura's technology operates sustainably, producing no harmful by-products and contributing significantly to efforts against climate change.
Nth Cycle
Series B in 2023
Nth Cycle is a metal processing technology company that focuses on recovering critical minerals through innovative electro-extraction methods. It collaborates with battery recyclers and mining operations to extract production-grade minerals from e-waste and low-grade mine tailings, offering a cleaner and more customizable alternative to traditional hydrometallurgical and pyrometallurgical processes. By utilizing its advanced recycling technology, Nth Cycle aims to reduce reliance on primary mining, thereby creating a sustainable secondary source of rare earth metals in the United States. This approach supports the manufacturing and recycling industries while contributing to advancements in clean energy.
Rio Energy
Acquisition in 2023
Rio Energy is an environmental firm engaged in the renewable energy sector, specializing in the development, construction, and operation of power generation platforms. The company focuses on renewable energy projects, offering integrated capabilities that enhance project efficiency and functionality. By combining insights, services, and technology, Rio Energy aims to ensure the successful delivery and operation of its energy solutions.
Carbon Recycling International
Funding Round in 2023
Carbon Recycling International Inc. specializes in producing renewable methanol from carbon dioxide, hydrogen, and electricity, contributing to energy storage and fuel applications. The company has developed a unique technology known as Emissions-to-Liquids, which allows for the direct synthesis of methanol from carbon dioxide, along with large-scale water electrolysis and flue gas purification processes designed to achieve zero CO2 emissions. Its renewable methanol, marketed under the brand name Vulcanol, is sourced from renewable electricity derived from hydro, geothermal, wind, and solar energy. Founded in 2006 and headquartered in Kopavogur, Iceland, the company provides its innovative technology to the power generation and industrial production sectors, enabling more sustainable production methods and the creation of valuable products from waste gases and renewable energy.
HSL Technologies
Series A in 2023
HSL Technologies specializes in innovative hydrogen transport and storage solutions, centered around a breakthrough product known as HydroSil. This technology allows hydrogen to be safely transported using conventional infrastructures, thereby minimizing risk. The company has designed a hydrogen-based liquid carrier that enables efficient charging and releasing of hydrogen, offering a stable, non-toxic, and non-explosive fuel alternative. This liquid carrier generates no emissions, making it an environmentally friendly option for various applications, including fuel cells that produce electricity for vehicles, generators, and portable devices. HSL Technologies is committed to driving the transition to a carbon-free future, positioning itself as a leader in the clean energy sector.
Captura is a company focused on direct ocean carbon capture, developing technology to efficiently extract carbon dioxide from ocean water. Its innovative system leverages the natural carbon removal capabilities of the ocean to capture atmospheric CO2 on a large scale and at a low cost. This approach not only addresses the urgent need for carbon sequestration but also aligns with the increasing demand for carbon credits in the market. By utilizing renewable electricity and ocean water, Captura's technology operates sustainably, producing no harmful by-products and contributing significantly to efforts against climate change.
Elestor
Venture Round in 2022
Elestor BV, founded in 2014 by Wiebrand Kout and headquartered in Arnhem, Netherlands, specializes in energy storage solutions aimed at facilitating the economical use of self-generated renewable electricity on a large scale. The company has developed a system that can be integrated with hydrogen infrastructures and electrolyzers, significantly reducing the costs associated with green hydrogen production. By offering cost-effective electricity storage technology, Elestor enables its clients to minimize their electricity storage expenses, thereby enhancing the viability of renewable energy sources.
Revterra Corporation is a Houston-based company that specializes in the development of flywheel energy storage systems for industrial and utility-scale applications, particularly in the storage of renewable energy sources like wind and solar. Established in 2017, Revterra employs patented technology featuring passive magnetic bearings, which allows for efficient energy storage at high speeds with low power consumption. The company aims to address power infrastructure challenges and facilitate the adoption of renewable energy while promoting electrification. By providing a grid-stabilizing kinetic battery solution, Revterra assists charge point operators in establishing new direct current fast charging locations without the need for extensive infrastructure upgrades, thereby enabling quicker and more cost-effective installations for electric vehicle charging.
East Point Energy
Acquisition in 2022
East Point Energy, LLC, based in Charlottesville, Virginia, is an energy storage company founded in 2017. The company specializes in the development and operation of utility-scale energy storage projects. By partnering with utilities, independent power producers, landowners, and communities, East Point Energy aims to enhance the affordability, reliability, and resilience of the electrical grid. Their focus includes standalone, front-of-the-meter battery energy storage systems, which facilitate increased integration of renewable energy sources into the grid. Through these initiatives, East Point Energy contributes to a more sustainable energy landscape.
H2SITE is a company focused on developing renewable technologies for on-site hydrogen production. Its innovative systems and membranes are designed to facilitate high efficiency and purity in hydrogen generation, particularly for applications such as separation and ammonia cracking. H2SITE's compact technology not only optimizes the production of low-carbon hydrogen but also enhances the viability of hydrogen transport, thereby unlocking opportunities in the global hydrogen market. By enabling businesses to produce hydrogen on-site, H2SITE helps reduce transportation costs and minimizes energy waste, positioning itself as a key player in the transition to sustainable energy solutions.
Electric Hydrogen
Series B in 2022
Electric Hydrogen is a company focused on developing low-cost, high-efficiency, fossil-free hydrogen systems aimed at decarbonizing industrial sectors such as ammonia and steel production, which are significant contributors to global greenhouse gas emissions. By rethinking electrolysis, Electric Hydrogen seeks to make clean hydrogen competitive with traditional, fossil-fuel-based hydrogen in terms of cost and scalability. The company's advanced PEM technology utilizes low-cost renewable electricity to produce clean hydrogen gas, thereby helping industries reduce their reliance on fossil fuels and minimize pollution. With a leadership team experienced in transformative clean energy companies, Electric Hydrogen is positioned to address current challenges in efficiency and cost, contributing to the goal of a zero-emission industrial sector in the near future.
Booster is a mobile energy delivery company based in San Mateo, California, specializing in providing alternative and conventional fuels directly to truck fleets. Founded in 2015, the company offers a unique service that allows customers to access a full-service gas station on wheels through a mobile application. Users can pin their vehicle's location to receive a full tank of fuel while they continue working, effectively reducing road congestion and saving time. Booster has served over 120,000 customers and more than 300 businesses, enabling them to collectively save over eight million miles and four million pounds of CO2 emissions. Additionally, the service allows businesses to reclaim more than 31,000 labor hours and save significant costs related to fuel and vehicle wear and tear.
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.
LevelTen Energy
Series C in 2021
LevelTen Energy, Inc. is a Seattle-based company founded in 2016 that operates a renewable energy transaction marketplace. This platform serves to connect corporate and industrial power buyers with power purchase agreements (PPAs) from utility-scale wind, solar, and storage projects. By facilitating access to a wide range of renewable energy options, LevelTen Energy enables clients to secure fixed-price renewable energy solutions and benefit economically from large-scale projects. The company's technology-driven marketplace enhances the efficiency of transactions, allowing buyers, advisors, and sellers to achieve better deals in a streamlined manner. Through its services, LevelTen Energy plays a significant role in advancing the adoption of renewable energy in the corporate sector.
Carbon Clean
Series B in 2021
Carbon Clean Solutions, established in 2009, specializes in carbon dioxide (CO2) separation technology for industrial applications. Based in Mumbai, India, with operations and research facilities in the UK, India, and the US, the company offers proprietary technologies such as CDRMax, Meth Pure, and CCS TGR to capture and recover CO2 from various industrial processes, including power plants, steel, cement, fertilizer, chemical, and petrochemical industries. Their patented, energy-efficient APBS CO2 capture process enables up to 90% CO2 removal, reducing emissions and providing industrial-quality CO2 for reuse or sequestration.
Hyperion Global Energy
Seed Round in 2021
Hyperion Global Energy is focused on advancing carbon capture and recycling technology on an industrial scale. The company has developed innovative thermal reactors that aim to divert waste carbon dioxide emissions from heavy industry and convert them into valuable mineral commodities. Utilizing patented technology, Hyperion is capable of generating significant amounts of power in a compact design. This approach not only addresses the energy crisis but also contributes to mitigating the adverse effects of climate change, helping clients deliver affordable, clean, and safe energy solutions.
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.
Upwing Energy
Venture Round in 2018
Upwing Energy, Inc. specializes in artificial lift technology designed to enhance gas production in both conventional and unconventional wells. The company offers innovative solutions, including the Upwing Subsurface Compressor Systems, which improve gas well performance by allowing higher drawdown and increasing recoverable reserves while reducing energy consumption. Its magnetic drive system leverages advanced magnetic technologies to drive and levitate the rotor within a retrievable string, eliminating the need for mechanical or electrical connections to enhance oil production. Upwing Energy's products are applicable in both onshore and offshore subsea wells. Founded in 2015 and headquartered in Cerritos, California, Upwing Energy operates as a subsidiary of Calnetix Technologies, LLC. The company's mission is to maximize production and recovery rates for natural gas resources globally, ultimately increasing its customers' economic returns on production assets.
Convergent Energy and Power
Funding Round in 2016
Convergent Energy and Power is an energy storage asset developer that focuses on a diverse range of projects, including commercial, industrial, and grid-connected systems. The company takes a comprehensive approach to energy storage development, overseeing every stage of the project lifecycle from opportunity identification and economic assessment to contract structuring, engineering, and ongoing operations and maintenance. Convergent provides a variety of energy storage solutions designed to reduce electricity costs, ensure power quality and reliability, and address infrastructure challenges. Its offerings cater to both smaller-scale commercial and industrial applications as well as large-scale grid-level projects, allowing utilities and end-users to effectively manage peak loads and lower peak electricity expenses.
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.
Pelamis Wave Power
Venture Round in 2008
Pelamis Wave Power is a manufacturer of innovative systems designed to generate renewable electricity from ocean waves. The company developed the Pelamis Wave Energy Converter, a semi-submerged and articulated structure composed of cylindrical sections connected by hinged joints. This unique technology represents a significant advancement in wave energy, as it was the first commercial-scale machine capable of generating electricity for the grid from offshore wave energy. Pelamis Wave Power supports project developers and electricity generators in the development, construction, and operation of wave energy projects, contributing to the growth of renewable energy solutions.