Evergreen Climate Innovations

Evergreen Climate Innovations, originally known as Clean Energy Trust, is a nonprofit organization based in Chicago, Illinois, that focuses on providing catalytic capital and support to entrepreneurs and startups developing impactful climate technologies. Founded in 2010, Evergreen's mission is to foster innovation in the Greater Midwest by aligning philanthropic and corporate contributions through its 501vc® Investment Fund. This approach aims to deliver significant environmental, economic, and social impact. Over the past decade, Evergreen has successfully invested in numerous startups, achieving an impressive leverage of $41 raised for every $1 invested. The organization is dedicated to cultivating a robust ecosystem of investors, donors, and collaborators to advance climate solutions in the region.

46 past transactions

Grid Status

Seed Round in 2024
Grid Status is a technology company that specializes in providing a modern data and analytics platform focused on the electrical grid. It offers an open platform that delivers organized and reliable data, enabling energy professionals and innovators to gain insights into current and historical grid activity, such as fuel mix, load, and renewable adoption. This allows them to make informed decisions and track key benchmarks efficiently, without the need to maintain their own complex data pipelines.

Renewance

Series A in 2024
Renewance provides software and professional services for battery lifecycle management, offering an online platform that connects clients with defect or end-of-life industrial batteries to logistics providers and battery recyclers. The company delivers turnkey recycling solutions, a partner network for packaging, transport, recycling, and regulatory obligations, and lifecycle services such as asset retirement obligation forecasting and regulatory compliance management, supporting battery energy storage and electric vehicle industries. Founded in the mid-2010s and based in Illinois, Renewance helps organizations manage end-of-life liabilities and pursue sustainable, compliant recycling across the battery value chain.

Aeternal Upcycling

Grant in 2023
Aeternal Upcycling is a pioneering company that addresses the global plastic waste crisis by transforming trash into valuable chemical products. Its innovative technology converts plastic waste into items such as waxes, surfactants, adhesives, and lubricants, serving industries like cosmetics and consumer goods. This process reduces fossil fuel dependency and promotes sustainability.

NanoGraf

Series B in 2023
NanoGraf Corporation is a materials science company based in Chicago, Illinois, focused on the development and commercialization of advanced materials for the energy storage market. Founded in 2012, the company specializes in silicon-graphene electrode materials for lithium-ion batteries. NanoGraf has created a high energy density silicon-based anode material that presents a promising alternative to traditional graphitic-based anodes. This innovative technology has applications across various sectors, from consumer electronics to electric vehicles. The company's materials are designed to enhance battery capacity and reduce charging times, enabling the production of lithium-ion batteries through a cost-effective, chemistry-based manufacturing process.

Kadeya

Pre Seed Round in 2022
Kadeya operates a closed-loop beverage vending system that promotes sustainability. It uses reusable stainless steel bottles and tiny bottling equipment to autonomously bottle beverages on demand in workplaces, reducing single-use plastic waste.

CorePower Magnetics

Pre Seed Round in 2022
CorePower Magnetics specializes in the manufacture of electric components using advanced magnetic core technology. This innovation aims to enhance efficiency and power density, enabling significant reductions in weight, volume, and losses without relying on rare earth metals. The company's products cater to industries such as data centers, microgrids, electric vehicles (EVs), and EV charging infrastructure, offering higher current capabilities, lower power needs, increased range, and faster charging speeds.

Continuum Ag

Seed Round in 2021
Continuum Ag, Inc. is a company focused on enhancing soil health and promoting regenerative agricultural practices through its innovative soil health data platform, the TopSoil Tool. Incorporated in 2016 and based in Washington, Iowa, Continuum Ag provides farmers with access to independent soil data and tailored agronomic recommendations. The company's offerings include web-based data mapping, unbiased soil fertility assessments, harvest analytics, scouting tools, imagery integration, and crop planning resources. Additionally, Continuum Ag supports a nationwide network of soil health-focused agronomists to expand its soil database and enhance software usability. By providing comprehensive agricultural consulting services, Continuum Ag empowers farmers to improve soil health and optimize crop yields.

Continuum Ag

Pre Seed Round in 2021
Continuum Ag, Inc. is a company focused on enhancing soil health and promoting regenerative agricultural practices through its innovative soil health data platform, the TopSoil Tool. Incorporated in 2016 and based in Washington, Iowa, Continuum Ag provides farmers with access to independent soil data and tailored agronomic recommendations. The company's offerings include web-based data mapping, unbiased soil fertility assessments, harvest analytics, scouting tools, imagery integration, and crop planning resources. Additionally, Continuum Ag supports a nationwide network of soil health-focused agronomists to expand its soil database and enhance software usability. By providing comprehensive agricultural consulting services, Continuum Ag empowers farmers to improve soil health and optimize crop yields.

Agricycle

Seed Round in 2021
Agricycle Global Inc. manufactures and sells solar-powered drying machines to farmers' cooperatives in Africa and the Caribbean, focusing on empowering majority-women cooperatives through training. Founded in 2019 and based in Milwaukee, Wisconsin, the company operates as a house of ethical brands that employs a systems-based, zero waste approach to international development. Agricycle transforms food waste and agricultural byproducts into all-natural and organic consumer packaged goods (CPG) brands. By purchasing products created through its technology, Agricycle develops on-trend brands that emphasize storytelling, sustainability, and transparency. Each brand leverages byproducts from others, creating local products and industries from materials that cannot be exported, thereby maximizing margins through a shared supply chain and similar production processes.

Earnest Agriculture

Pre Seed Round in 2021
Earnest Agriculture collaborates with farmers to transform agricultural waste into innovative biofertilizers that enhance crop yields. By converting waste products such as manure and vegetable remnants, the company provides an eco-friendly solution that not only helps farmers manage their waste but also offers them a potential source of additional income. Utilizing a combination of composting, vermicomposting, and advanced microbial technologies, Earnest Agriculture develops proprietary fertilizers designed to improve soil quality, promote drought resistance, and suppress pathogens. This approach not only reduces the environmental impact of farming but also allows farmers to lower their input costs while increasing their productivity.

Varuna

Venture Round in 2020
Founded in 2018, Varuna specializes in water utility management. Its platform collects, analyzes, and displays relevant data, enabling real-time water quality monitoring using advanced sensors, predictive analysis via machine learning, resource planning, and automated report generation.

MITO Material Solutions

Seed Round in 2020
MITO Material Solutions is a specialty chemical company that develops and manufactures graphene-based hybrid polymer modifiers and nano-additives to improve the durability and performance of composite materials. Its product lines include hybridized graphene oxide and epoxide-based modifiers that strengthen fiber-reinforced thermoset and thermoplastic resins, and the E-GO material used in carbon fiber components. The company also markets the T-Series nano-additives, which toughen epoxy and resin systems to increase toughness and reduce material usage. These additives are used in resins and thermoplastics such as PA66 and find applications across aerospace, automotive, wind energy, and transportation sectors, including RVs and boats. MITO was founded in 2016 and is based in Indianapolis, with an additional office in Stillwater, Oklahoma.

NUMiX MATERIALS

Grant in 2020
NUMiX MATERIALS is a water treatment company that specializes in manufacturing and supplying sorbents to remove dissolved heavy metals from contaminated water. It focuses on RCRA, Water, Sorbents, Pretreatment, and Metals. It was founded in 2018 and headquartered in Chicago, Illinois.

Iris Light Technologies

Seed Round in 2020
Iris Light Technologies is an electronics company that specializes in advanced laser technology aimed at enhancing the silicon photonics market. The company develops innovative solutions that increase the bandwidth and energy efficiency of light chips by employing a unique and scalable method for integrating multiple lasers onto a single chip. This technology supports a variety of applications, including optical communications, optical sensors, and the emerging Internet of Things (IoT). By focusing on breakthrough on-chip laser technology, Iris Light Technologies empowers advancements in artificial intelligence and 5G communications, positioning itself as a key player in the evolving landscape of electronic solutions.

Renewance

Seed Round in 2020
Renewance provides software and professional services for battery lifecycle management, offering an online platform that connects clients with defect or end-of-life industrial batteries to logistics providers and battery recyclers. The company delivers turnkey recycling solutions, a partner network for packaging, transport, recycling, and regulatory obligations, and lifecycle services such as asset retirement obligation forecasting and regulatory compliance management, supporting battery energy storage and electric vehicle industries. Founded in the mid-2010s and based in Illinois, Renewance helps organizations manage end-of-life liabilities and pursue sustainable, compliant recycling across the battery value chain.

75F

Series A in 2019
Founded in 2012, 75F specializes in IoT-based building automation systems for commercial spaces. Its products include smart sensors, thermostats, and a central control unit, enabling real-time data collection and dynamic adjustments to HVAC performance based on occupancy and environmental changes. This results in improved indoor comfort, energy savings, and reduced operational costs.

Sigora

Venture Round in 2018
Sigora is a provider of utility-management systems designed specifically for frontier markets. Founded in 2016 and based in Chicago, Illinois, the company offers a platform that transforms energy access into viable business opportunities for both established urban grid utilities and rural micro-grid developers. By utilizing specialized hardware, web-managed software, and straightforward payment solutions, Sigora's system enhances operational efficiency for energy providers in emerging markets. It streamlines bill collection, minimizes revenue losses, and helps prevent energy theft. Sigora's innovative technology acts as an essential operating system for financeable micro-utility business models, enabling corporate clients and energy industry stakeholders to manage their resources more effectively.

Lotic Labs

Convertible Note in 2018
Lotic Labs specializes in developing software aimed at enhancing the efficiency of water markets and fostering innovation in environmental finance. The company integrates fragmented data sets with advanced environmental science models and financial simulations, allowing for rigorous analysis of the interconnections between financial, operational, and environmental decisions, particularly in the water utility and heavy industrial sectors. Its technology supports the creation of novel financial products that facilitate risk management, conservation efforts, and investments in green infrastructure. Additionally, Lotic Labs provides tools for climate risk assessment that help water utilities minimize revenue fluctuations and budget variances, offering solutions for environmental modeling, analytics, contract simulation, impact tracking, and opportunity identification. Through these offerings, Lotic Labs enables industrial and resource-intensive businesses to better navigate the challenges posed by volatile environmental conditions.

Wellntel

Venture Round in 2018
Wellntel is a company that specializes in groundwater monitoring systems. They have developed an affordable and accurate method for measuring water quantity in private wells using non-invasive sensors. This data is then transmitted to a cloud-based platform, providing real-time insights into groundwater usage and replenishment rates. Wellntel's system aims to empower families and farmers with information about their groundwater, enabling them to make informed decisions regarding conservation efforts and reducing water risks associated with lack of monitoring.

Mobius

Pre Seed Round in 2018
Mobius develops environmental solutions that convert industrial organic waste streams into polymers and materials. The company uses lignin, a waste byproduct from the paper and biofuel industries, to produce a natural, biodegradable polymer. This bio-based polymer is intended for applications in horticulture, agriculture, and food service packaging, among others, enabling customers in forestry, paper, biofuel, and biorefining sectors to replace conventional plastics with environmentally friendly alternatives. The approach aims to reduce waste generation and support circular economy goals by turning waste streams from agriculture, forestry, and related industries into new materials and chemicals.

NuMat Technologies

Series B in 2018
NuMat Technologies designs and integrates metal-organic frameworks into gas storage, separation, and purification systems, enabling programmable interactions with targeted gases. The company provides a commercialization platform that combines material discovery software with rapid prototyping and system integration to deliver MOF-based solutions at scale. Its offerings include ION-X, a sub-atmospheric storage and delivery solution for hazardous implant gases, and engineered materials for defense, semiconductor, and industrial sectors, supported by a United States–based supply chain. Founded in 2012 and based in Skokie, Illinois.

Aker Technologies

Convertible Note in 2017
Aker Technologies Inc. is a company dedicated to providing advanced crop intelligence and in-season analytical tools for agricultural operations. Established in 2014 and based in Winnebago, Minnesota, with an additional office in Chicago, the firm focuses on enhancing precision farming practices through innovative technology. Aker Technologies has developed patented computer vision and biometric sensors, alongside software solutions that detect, classify, and measure various agricultural challenges, including pest pressure, airborne pathogens, crop diseases, and fertility issues within crop canopies. The company's services also include a customer service platform tailored for chemical suppliers, agricultural retailers, and consultants, facilitating support for growers throughout the growing season.

PowerTech Water

Convertible Note in 2017
PowerTech Water, Inc. is a company specializing in water treatment solutions, focusing on the development and marketing of innovative products. It offers CapCo, an electrochemical filter designed to effectively remove a range of metals from water, including lead, copper, manganese, iron, silver, gold, mercury, zinc, nickel, and aluminum. The company's technology serves various industries, including batteries, microelectronics, electroplating, automotive, metal finishing, mining, food and beverage, and oil and gas. Founded in 2014, PowerTech Water is headquartered in Lexington, Kentucky, and is committed to providing chemical-free wastewater treatment solutions.

Idle Smart

Convertible Note in 2017
Idle Smart is a technology company that provides AI-powered idle reduction and predictive maintenance solutions for commercial trucking fleets. Its platform uses real-time vehicle data and proprietary control algorithms to reduce unnecessary idling, improve asset uptime, and lower operating costs and carbon emissions. The company markets automated engine start-stop systems for fleet vehicles such as day cabs, electric APUs, and school buses, delivering automation that reduces overnight idle time and supports North American operations.

NETenergy

Seed Round in 2016
NETenergy is a thermal energy storage company based in Chicago, IL, specializing in innovative technology that aims to reduce energy consumption in buildings. The company's core product, a thermal battery, is designed to store cold energy during off-peak hours. This stored energy can then be used to cool buildings during peak hours when energy costs are elevated. By utilizing this technology, building owners can achieve significant savings on their energy bills while also contributing to lower carbon emissions.

NuMat Technologies

Series A in 2016
NuMat Technologies designs and integrates metal-organic frameworks into gas storage, separation, and purification systems, enabling programmable interactions with targeted gases. The company provides a commercialization platform that combines material discovery software with rapid prototyping and system integration to deliver MOF-based solutions at scale. Its offerings include ION-X, a sub-atmospheric storage and delivery solution for hazardous implant gases, and engineered materials for defense, semiconductor, and industrial sectors, supported by a United States–based supply chain. Founded in 2012 and based in Skokie, Illinois.

Nexmatix

Convertible Note in 2016
Nexmatix is a developer and manufacturer focused on enhancing the efficiency of pneumatic systems through innovative products. Its primary offering is a line of smart directional control valves, which are designed to continuously monitor for leaks and improve operational performance. These valves are equipped with embedded sensors that provide real-time data on valve faults and pressure levels, allowing users to address issues proactively. By targeting one of the most inefficient components in pneumatic systems, Nexmatix aims to reduce energy consumption and lower operational costs, contributing to a reduced carbon footprint.

NovoMoto

Convertible Note in 2016
NovoMoto is a sustainable social enterprise focused on providing clean, renewable electricity to communities in the Democratic Republic of Congo (DRC) and plans to expand to other sub-Saharan African countries. The company manufactures solar energy devices, including packages of solar panels, lamps, batteries, and other equipment. These devices are offered to villages through a pay-as-you-go model, allowing villagers to make small weekly payments over five years. This approach enables communities to meet their energy needs sustainably and independently.

SPLT (Splitting Fares)

Convertible Note in 2016
SPLT is an enterprise-first carpooling and car sharing platform that connects employees within organizations to share their commute, saving time and money while reducing traffic congestion and lowering CO2 emissions.

Go Electric

Seed Round in 2015
Founded in 2011, Go Electric develops customer-side energy solutions that integrate renewable energy sources, advanced batteries, and generators. Its AutoLYNC technology synchronizes and optimizes multiple power sources to reduce costs, assure security, and enhance grid stability. Serving government, utility, and industrial applications, primarily in the New York City area.

GlucanBio

Convertible Note in 2015
GlucanBio is a biotechnology company specializing in the conversion of biomass into valuable chemical products. Originating from research at the University of Wisconsin and Iowa State's Center for Biorenewable Chemicals, GlucanBio aims to produce furan derivatives such as furfural, HMF, DMF, THF, and FDCA more efficiently and cost-effectively than traditional methods. The company leverages its team's expertise in catalysis, intellectual property management, engineering scale-up, and early-stage commercialization, led by renowned catalytic chemist Jim Dumesic and industry veteran Brent Shanks. GlucanBio's innovative technology fractionates biomass under mild conditions to generate solvents directly from the feedstock, facilitating a sustainable approach for clients seeking eco-friendly alternatives.

AMPY

Seed Round in 2015
AMPY is a wearable motion charger that captures its users’ energy from daily activities to charge their smartphones. The wearable device has won numerous awards, and the team was named to Forbes 30 under 30 in Energy. Its team is already scaling down the technology inside of AMPY to power wearable devices AMPY was founded in 2013 by Tejas Shastry, Mike Geier, and Alex Smith. It is based in Chicago, I.L.

Specter Aerospace

Convertible Note in 2015
Specter Aerospace develops innovative solutions for plasma-assisted combustion, aiming to reduce fuel consumption and emissions while expanding operational limits of advanced engines. Their primary focus is on hypersonic vehicles designed to improve combustion efficiency across energy, aerospace, and national security sectors.

Sun Number

Convertible Note in 2015
Sun Number, LLC, founded in 2012, specializes in assessing the solar potential of buildings through its innovative Sun Number Scores. The company has developed a technology-based scoring system that evaluates various roof characteristics, including pitch, orientation, and size, while calculating the solar radiation available for each square meter. This system provides homeowners and potential solar customers with easy-to-understand assessments of their property's solar potential. By enhancing public awareness of solar energy opportunities, Sun Number aims to facilitate increased solar installations and streamline the customer acquisition process for solar installers. The company received support from the U.S. Department of Energy’s SunShot Incubator grant, which helped in the development and deployment of its scoring system.

Design Flux Technology

Convertible Note in 2015
Provides an all-in-one solution to energy management

GreenLancer

Series B in 2015
Founded in 2013, GreenLancer operates an online marketplace connecting solar installers with reliable outsourcing partners for on-demand solar design and engineering services. Its platform facilitates the creation, ordering, management, and download of solar installation projects, offering clients speedy and cost-effective alternatives to traditional brick-and-mortar design firms.

NanoGraf

Convertible Note in 2015
NanoGraf Corporation is a materials science company based in Chicago, Illinois, focused on the development and commercialization of advanced materials for the energy storage market. Founded in 2012, the company specializes in silicon-graphene electrode materials for lithium-ion batteries. NanoGraf has created a high energy density silicon-based anode material that presents a promising alternative to traditional graphitic-based anodes. This innovative technology has applications across various sectors, from consumer electronics to electric vehicles. The company's materials are designed to enhance battery capacity and reduce charging times, enabling the production of lithium-ion batteries through a cost-effective, chemistry-based manufacturing process.

AllCell

Convertible Note in 2014
AllCell Technologies, established in 2001 and headquartered in Chicago, specializes in designing and manufacturing lithium-ion battery packs for transportation and renewable energy sectors. The company's core product is energy storage systems, catering to automotive applications, electric bikes, scooters, and motorcycles. AllCell's competitive edge lies in its proprietary thermal management technology, which enhances battery safety, extends cycle life, and enables compact, lightweight designs. The company primarily sells its products through manufacturers, distributors, and bike shops.

Agentis Energy

Grant in 2014
Agentis, Inc. is a technology company based in Chicago, Illinois, specializing in software solutions for energy providers. Founded in 2009, Agentis develops software-as-a-service (SaaS) tools designed to enhance customer engagement and enable businesses to effectively manage their energy usage. Its offerings include a customer engagement portal, a business energy report builder, an advisor portal, and contractor connect services, all leveraging advanced metering infrastructure (AMI) data. By focusing on the unique needs of utility customers facing complex energy challenges, Agentis aims to empower utilities to harness valuable data, improve customer interaction, and drive actionable insights for better energy management. The platform provides features for identifying key customer accounts, analyzing energy consumption, and facilitating engagement, thereby helping energy companies reduce costs and enhance their competitive advantage.

Intellihot

Series B in 2014
Intellihot is a manufacturer of tankless water heater systems for both residential and commercial applications. Established in 2005, the company emerged from the founder's experience with a traditional water heater malfunction. Intellihot's innovative designs, which have several patents pending, focus on conserving space and eliminating the need for bulky storage tanks. The systems are equipped with advanced connectivity features, including Wi-Fi and 3G/4G capabilities, allowing users to connect to a router or internet hub. This connectivity enables the analysis of water usage patterns, providing clients with on-demand water heating solutions that are both efficient and space-saving.

Intellihot

Grant in 2014
Intellihot is a manufacturer of tankless water heater systems for both residential and commercial applications. Established in 2005, the company emerged from the founder's experience with a traditional water heater malfunction. Intellihot's innovative designs, which have several patents pending, focus on conserving space and eliminating the need for bulky storage tanks. The systems are equipped with advanced connectivity features, including Wi-Fi and 3G/4G capabilities, allowing users to connect to a router or internet hub. This connectivity enables the analysis of water usage patterns, providing clients with on-demand water heating solutions that are both efficient and space-saving.

Igor

Series A in 2014
Igor Inc. is a developer of a power-over-Ethernet lighting platform that provides intelligent control over LED lighting systems for various environments. The platform allows users to connect Igor-enabled LED fixtures, motion sensors, and daylight sensors through a standard Ethernet network, facilitating the management of these devices via an application interface. Users can create virtual spaces to organize and control different sets of devices, such as lights, switches, and sensors, according to specific requirements. This functionality enhances operational efficiency, simplifies configuration, and supports future-proof building designs. Established in 2013 and based in Johnston, Iowa, Igor Inc. collaborates with a network of sales partners, including distributors, installers, contractors, and resellers, to deliver its innovative lighting solutions.

MeterGenius

Convertible Note in 2014
MeterGenius, Inc. is a St. Louis-based company founded in 2013 that specializes in providing insights, analytics, and tools to help homeowners manage their electricity consumption effectively. By offering a web-based platform, MeterGenius enables consumers to track their electricity usage on an hourly basis and provides actionable tips for reducing energy costs. The company also develops custom-branded customer portals for utility clients, equipping them with energy management tools, smart appliance connectivity, and incentive programs that reward users based on their electricity usage patterns. This approach not only fosters energy-conscious behavior among customers but also enhances loyalty and value for electricity providers. MeterGenius aims to create smarter energy consumers while supporting utilities in achieving their operational goals.

Ep Purification

Convertible Note in 2014
EP Purification is a manufacturer of innovative and environmentally friendly systems designed for the purification of water and air. The company specializes in developing a variety of ozone system products, which are utilized for their effective purification capabilities. In addition to its product offerings, EP Purification also provides technical and consulting services to support the implementation and optimization of its purification technologies. Through its commitment to sustainability and efficiency, EP Purification aims to address critical environmental challenges related to water and air quality.

AMPY

Grant in 2014
AMPY is a wearable motion charger that captures its users’ energy from daily activities to charge their smartphones. The wearable device has won numerous awards, and the team was named to Forbes 30 under 30 in Energy. Its team is already scaling down the technology inside of AMPY to power wearable devices AMPY was founded in 2013 by Tejas Shastry, Mike Geier, and Alex Smith. It is based in Chicago, I.L.

Living Ink

Living Ink is a biomaterials company dedicated to developing sustainable algae-based pigments for various applications, including printing, apparel, footwear, packaging, foams, and adhesives. By transforming waste biomass into carbon-negative materials, Living Ink provides an environmentally friendly alternative to traditional petroleum-derived products. This innovative approach not only contributes to a reduction in carbon footprint but also supports eco-friendly practices across multiple industries. The company's mission is to revolutionize the materials sector by integrating sustainable algae technologies into everyday products, thereby reducing reliance on non-renewable resources and promoting sustainability.
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