I Squared Capital

1NCE GmbH is a provider of Internet data connectivity services, specializing in narrowband and low bandwidth connections tailored for business-to-business applications in the Internet of Things (IoT) sector. Founded in 2017 and headquartered in Cologne, Germany, the company offers a unique IoT Flat Rate service that ensures global connectivity for a one-time fee, allowing users to manage IoT devices affordably over a ten-year period. This innovative pricing model supports various applications, including smart utilities, asset tracking, and vehicle telematics. 1NCE's offerings include multimode-support SIM cards that facilitate reliable mobile communication across different technologies, ensuring extensive network coverage in 140 countries. With a growing workforce of around 200 staff across multiple international locations, 1NCE aims to make IoT applications scalable and accessible for businesses worldwide.

National Express is a transportation company that specializes in providing a range of services, including school, shuttle, and public transportation. The company offers student transportation services that encompass home-to-school transport, field trip transportation, summer school transport, and charter services. Additionally, National Express provides shuttle services, fleet and asset management, and commuter and express transit services. These offerings are designed to ensure that students and other passengers can reach their destinations safely and on time.

Philippine Coastal Storage and Pipeline Corporation (PCSPC) is based in Olongapo, Philippines, and manages petroleum storage and pipeline facilities that were originally part of former US military bases, including Subic Bay Naval Base and Clark Air Force Base. The company specializes in marine terminal operations, storage terminal services, and tank truck loading, facilitating efficient fuel storage and transportation solutions for its clients. By leveraging its strategic location and infrastructure, PCSPC plays a vital role in ensuring the accessibility and quality of fuel storage and pipeline systems in the region.

Priority Power Management, LLC is an independent energy management and consulting firm based in Midland, Texas, with additional offices across the state. Established in 2001, the company specializes in providing a comprehensive range of services tailored to the needs of commercial and industrial clients. Its offerings include energy information management, supply management, demand management, and risk management services. Specifically, Priority Power assists clients with utility bill processing, energy procurement, facility energy audits, demand response programs, and the development of risk management strategies. The firm aims to act as an extension of its clients' teams, helping them navigate the complexities of energy supply, information, and demand management to achieve significant cost savings and improved operational efficiency. Priority Power serves various sectors, including oil and gas, healthcare, commercial real estate, and financial services, positioning itself as a trusted partner in energy management.

KODE Labs is a technology company established in 2017 and headquartered in Dover, Delaware. It specializes in developing a vendor-agnostic building management platform that enhances the efficiency of building systems. The company's software is designed to optimize energy consumption and equipment runtime across various properties. KODE Labs provides users with intuitive technology and data-driven insights that facilitate operational excellence. By streamlining processes and integrating all components of building management, the platform empowers stakeholders to make informed decisions and drive efficiencies within their operations.

Rubis is an independent international operator focused on the downstream oil and chemicals sector, with its activities organized into three main areas: distribution of liquefied petroleum gas (LPG) and fuel oils, bulk liquid storage, and support services. The company specializes in niche markets and maintains control over its supply infrastructures to achieve competitive product costs and strong market positions. Since 2000, Rubis has expanded its presence across three continents through direct investments and acquisitions. Its product offerings include service station fuels, industrial diesel, aviation fuels, and both bottled and bulk LPG. Additionally, Rubis is a leading independent provider of liquid product storage services in France and Northern Europe, handling petroleum, chemicals, fertilizers, and vegetable oils. The company further enhances its operations with specialized infrastructure to support product inflows and outflows, primarily in the Caribbean and Africa, focusing on logistics and supply chain services that facilitate downstream distribution and marketing activities.

WOW Logistics is a logistics company headquartered in Neenah, Wisconsin, specializing in multi-temperature warehousing services. Founded in 1977, the company provides a range of solutions including operations management, real estate development, and commodity purchasing, with a strong emphasis on food safety. WOW Logistics operates a substantial portfolio of 6 million square feet of warehouse space across 11 locations in two states, featuring 22 million cubic feet of refrigerated storage. Their facilities support food-grade ambient, refrigerated, and freezer warehousing, all managed through a state-of-the-art warehouse management system. In addition to warehousing, the company offers transportation services and trade finance programs, positioning itself as a comprehensive partner for supply chain management.

CheckSammy is a company focused on sustainability and subscription-based bulk junk hauling services, which includes the collection and analysis of data related to waste management. It utilizes proprietary technology to verify clients' sustainability initiatives by tracking and collecting used consumer items. Offering both fixed flat rate subscription services and on-demand pricing for large-item junk removal, CheckSammy partners with third-party operators to provide competitive pricing for its services. Additionally, the company acts as a single point of contact for clients seeking comprehensive management of niche waste and recycling streams, enabling them to track waste data and gain measurable insights into site-level trends.

ThayerMahan is a maritime technology company focused on delivering comprehensive autonomous marine solutions for a variety of clients. The company specializes in the development of advanced underwater technologies that address maritime security challenges. Utilizing state-of-the-art acoustic and electronic sensors, ThayerMahan offers services that encompass deployment, operations, data gathering, and analysis tailored to specific missions. Its innovative tools and expertise enhance the monitoring of physical and environmental security in the oceans, safeguarding maritime food supplies, trade routes, industrial infrastructure, and borders.

Órigo Energia is a company focused on shared distributed generation, aiming to expand the use of renewable energy. It operates solar and biogas farms, providing renewable energy solutions for commercial, industrial, residential, and remote applications. The company designs, installs, commissions, operates, and maintains photovoltaic systems, offering energy through a monthly subscription model. By doing so, Órigo Energia contributes to environmental sustainability while making renewable energy more accessible to a diverse range of customers.

Arriva Group is a public transport operator in European countries.

Absolute Energy Capital is an independent investment advisory firm established in 2009 and based in London, United Kingdom. The company specializes in providing technical, legal, and financial services within the renewable energy sector, focusing on financial advisory and arrangement services for renewable energy and energy efficiency projects globally. Additionally, Absolute Energy Capital engages in business development activities in rural and emerging markets, particularly across Africa, aiming to promote sustainable energy solutions and foster economic growth in these regions.

MaxSolar is an energy company that produces electricity from wind and solar systems.

Rent.com.au Limited operates as a leading rental property website in Australia, established in 2007 and headquartered in Burswood. The platform connects tenants, property agents, and non-agent landlords, creating a comprehensive marketplace for rental listings. It accommodates a wide range of contributors, including real estate agents, private landlords, property managers, builders, developers, retirement services, and universities. Rent.com.au features two primary operating segments: Rent.com.au and RentPay, with the majority of its revenue generated from the Rent.com.au segment. The company aims to streamline the rental process by accepting inquiries from various listers, making it a versatile resource for both renters and property owners in the Australian rental market.

PreAct Technologies is a Portland, Oregon-based company founded in 2018 that focuses on developing advanced driver-assistance systems (ADAS) and autonomous vehicle sensors to enhance automotive safety. The company aims to reduce fatalities and injuries from crashes by predicting and preparing vehicles and their occupants for imminent collisions. Its innovative technology combines a patent-pending suite of sensor technologies, computing systems, and countermeasure algorithms that enable timely responses in critical situations. By leveraging existing vehicle infrastructure, PreAct Technologies seeks to mitigate the impact of common types of crashes, potentially saving the automotive industry substantial costs while improving passenger safety. The team is comprised of seasoned experts in fields such as computer vision, optics, and parallel processing, drawing on over 15 years of research funded by DARPA in high-speed optics and computing systems.

Enva Group is a company specializing in waste management, recycling, and resource recovery services. It operates within the industrial, commercial, construction, and public sectors, addressing both hazardous and non-hazardous waste. The company focuses on recovering raw materials from challenging waste streams, facilitating the production of sustainable and economically viable new products. By enabling clients to reduce environmental pollution and repurpose previously discarded materials, Enva Group plays a crucial role in promoting sustainability and resource efficiency.

ThayerMahan is a maritime technology company focused on delivering comprehensive autonomous marine solutions for a variety of clients. The company specializes in the development of advanced underwater technologies that address maritime security challenges. Utilizing state-of-the-art acoustic and electronic sensors, ThayerMahan offers services that encompass deployment, operations, data gathering, and analysis tailored to specific missions. Its innovative tools and expertise enhance the monitoring of physical and environmental security in the oceans, safeguarding maritime food supplies, trade routes, industrial infrastructure, and borders.

Gram Power sets up energy efficient Smart Microgrids in remote areas to provide on-demand, reliable electricity to telecom towers and rural households with an affordable prepaid purchase model.

PreAct Technologies is a Portland, Oregon-based company founded in 2018 that focuses on developing advanced driver-assistance systems (ADAS) and autonomous vehicle sensors to enhance automotive safety. The company aims to reduce fatalities and injuries from crashes by predicting and preparing vehicles and their occupants for imminent collisions. Its innovative technology combines a patent-pending suite of sensor technologies, computing systems, and countermeasure algorithms that enable timely responses in critical situations. By leveraging existing vehicle infrastructure, PreAct Technologies seeks to mitigate the impact of common types of crashes, potentially saving the automotive industry substantial costs while improving passenger safety. The team is comprised of seasoned experts in fields such as computer vision, optics, and parallel processing, drawing on over 15 years of research funded by DARPA in high-speed optics and computing systems.

KODE Labs is a technology company established in 2017 and headquartered in Dover, Delaware. It specializes in developing a vendor-agnostic building management platform that enhances the efficiency of building systems. The company's software is designed to optimize energy consumption and equipment runtime across various properties. KODE Labs provides users with intuitive technology and data-driven insights that facilitate operational excellence. By streamlining processes and integrating all components of building management, the platform empowers stakeholders to make informed decisions and drive efficiencies within their operations.

VLS Environmental Solutions specializes in marine services and offers advanced cleaning and repair facilities for a range of chemical solvents and downstream petroleum products. The company also provides waste and railcar cleaning services, focusing on customized waste processing solutions that include landfill diversion and sustainability initiatives. VLS is dedicated to serving highly regulated industries in North America, delivering waste management solutions that process industrial non-hazardous waste into alternative engineered fuels, treated wastewater, and solidified landfill materials. Through these services, VLS Environmental Solutions helps clients minimize their environmental impact while adhering to industry regulations.

Tarana Wireless, Inc. is a technology company that specializes in researching, developing, and commercializing non-line-of-sight (NLoS) wireless transport solutions. Its flagship product, AbsoluteAir 2, offers advanced wireless transport capabilities with features such as deterministic True NLOS performance, extensive coverage, multi-kilometer range, and high spectral efficiency. The company provides construction-grade installation services and a carrier-class management system that allows operators to configure, monitor, and manage their network nodes effectively. Tarana's solutions are designed to support various applications, including small-cell backhaul, wireless fiber extension, and fixed wireless broadband access. The company serves tier-1 telecommunications operators globally and is headquartered in Milpitas, California, with additional offices in Berkeley, California, and Pune, India. Tarana Wireless was established in 2009 and has made significant advancements in wireless technology, offering lower total cost of ownership and unmatched scalability for its clients.

Palmetto is a clean technology company that specializes in building and operating solar energy projects for residential, commercial, and utility customers. Founded in 2009 and headquartered in Charleston, South Carolina, Palmetto designs and installs solar systems while providing a range of services, including customer support, financing, engineering, permitting, and installation. The company offers innovative software solutions such as Palmetto Home, which enables homeowners to monitor real-time energy consumption and solar production, and Palmetto Fleet, which provides energy monitoring insights for home management professionals. Additionally, Palmetto's Alchemy platform enhances the sales experience for solar professionals by streamlining the sales, design, and proposal processes. With additional offices in locations such as San Francisco, Sea Girt, Charlotte, Washington, and Greenville, Palmetto is committed to advancing clean energy technology and improving energy efficiency.

Epirus, Inc. is a technology company based in Hawthorne, California, specializing in the design and development of advanced defense systems that utilize artificial intelligence and directed energy. Founded in 2018, the company focuses on creating solid-state, software-defined high-power microwave solutions aimed at countering unmanned aircraft systems and other asymmetric threats. Its flagship product, ELECTROMAGNETIC PULSE, serves as a counter-infrastructure solution that can simultaneously target multiple threats, effectively neutralizing drones and swarms. By integrating AI and machine learning with advanced electronics, Epirus enhances the detection and tracking of objects of interest, offering innovative capabilities in electronic warfare and power management for both defense and commercial sectors.

Yalla Fel Sekka is a technology platform specializing in on-demand delivery services tailored for urban environments. The company facilitates rapid logistic solutions for a diverse range of customers, including businesses and individual consumers. By leveraging a versatile fleet and an efficient operations team, Yalla Fel Sekka serves multiple sectors, such as groceries, pharmacies, and e-commerce. The platform enables seamless purchasing and delivery experiences, allowing consumers to order items online and receive them at home. Additionally, Yalla Fel Sekka supports small and medium-sized businesses by providing access to the growing e-commerce market, reducing the need for substantial investments in their own logistics capabilities. Through its scalable business model, the company positions itself as a key player in the intra-city logistics and courier services landscape.

1NCE GmbH is a provider of Internet data connectivity services, specializing in narrowband and low bandwidth connections tailored for business-to-business applications in the Internet of Things (IoT) sector. Founded in 2017 and headquartered in Cologne, Germany, the company offers a unique IoT Flat Rate service that ensures global connectivity for a one-time fee, allowing users to manage IoT devices affordably over a ten-year period. This innovative pricing model supports various applications, including smart utilities, asset tracking, and vehicle telematics. 1NCE's offerings include multimode-support SIM cards that facilitate reliable mobile communication across different technologies, ensuring extensive network coverage in 140 countries. With a growing workforce of around 200 staff across multiple international locations, 1NCE aims to make IoT applications scalable and accessible for businesses worldwide.

SOILCO operates advanced organics recycling facilities that focus on composting services for various markets, including residential, commercial, agricultural, and environmental sectors across Australia. The company specializes in transforming organic waste into high-quality soil improvers aimed at enhancing soil health and fertility. By providing innovative products and efficient organic waste disposal solutions, SOILCO supports clients in regenerating soil, fostering sustainable agricultural practices, and promoting environmental stewardship throughout Eastern Australia.

HTEC Hydrogen Technology & Energy is a privately held company based in North Vancouver, British Columbia, focused on advancing hydrogen energy systems, particularly fuel cells. The company specializes in the design, development, and operation of hydrogen fuel supply infrastructure, which includes hydrogen generation, distribution, and refueling solutions. HTEC collaborates with various stakeholders, such as government entities, industrial gas companies, equipment suppliers, and automotive and energy firms to facilitate the deployment of hydrogen fuel cell electric vehicles. By providing innovative and sustainable hydrogen solutions, HTEC aims to contribute to a safe, reliable, and cost-effective hydrogen ecosystem.

AG&P Pratham, operating under the banner of AG&P City Gas, is a prominent private company in India’s City Gas Distribution sector. The company is engaged in supplying piped natural gas (PNG), liquefied natural gas (LNG), and compressed natural gas (CNG) to a diverse clientele, including households, vehicles, and commercial and industrial clients. AG&P Pratham focuses on delivering safe, reliable, and environmentally friendly access to natural gas across multiple states, aiming to meet the growing energy demands of its customers while promoting sustainable energy solutions.

KIO Networks is a digital infrastructure company that specializes in offering a wide range of services through its extensive platform of data centers. With two decades of experience, the company provides carrier-neutral colocation services and managed services that include cloud solutions, cybersecurity, and business applications. KIO Networks serves a diverse clientele, comprising hyper-scale enterprises, telecom companies, technology providers, financial institutions, corporations, and government entities. By leveraging advanced technology, KIO Networks delivers efficient solutions such as advanced analytics, cloud monitoring, and business management services, enabling its clients to optimize their operations and enhance their digital capabilities.

Transportation Equipment Network encompasses the operations of Star Leasing, CTL, Cooling Concepts, and NETS Leasing, delivering comprehensive solutions for the semi-trailer industry. The company specializes in trailer leasing and fleet management, offering services such as custom breakdown data reporting, analytics, and lease maintenance. Additionally, Transportation Equipment Network provides emergency trailer breakdown and repair management services, enhancing operational efficiency for its clients. Their mobile application facilitates real-time requests for roadside assistance and tracking of repairs, enabling businesses to improve productivity and reduce costs. By addressing trailer breakdown issues and offering tailored services, Transportation Equipment Network positions itself as a leader in the transportation equipment sector.

Atlantic Power Corporation is an independent power producer that owns and operates a diverse portfolio of power generation assets in the United States and Canada. Founded in 2004 and headquartered in Dedham, Massachusetts, the company manages twenty-one operating projects with a gross electric generating capacity of approximately 1,723 megawatts. Its operations span eleven states in the U.S. and two provinces in Canada, where it sells electricity and steam primarily to investment-grade utilities and other creditworthy customers through long-term Power Purchase Agreements. The company minimizes exposure to commodity price fluctuations through contractual provisions and hedging strategies. Atlantic Power's projects are characterized by diversity in geography, fuel types—including natural gas, hydro, and biomass—and operational technology, with most projects being fully owned and directly managed by the company.

InfoFabrica is an IT consulting organization specializing in hybrid and multi-cloud consulting and managed services in the APAC region. With a focus on guiding customers through the IT Cloud transformation era, they have established themselves as a leading regional hybrid cloud managed service provider over the past 5 years. Their core value lies in their talented pool of consultants who are dedicated to helping customers achieve high-performance business results. Emphasizing long-term partnerships, InfoFabrica's consultants act as trusted advisors, delivering value through responsive and comprehensive services to meet customer needs, whether it's consolidating existing infrastructure or designing new data centers. With a highly entrepreneurial and agile approach, InfoFabrica is committed to attracting, developing, recognizing, and retaining the best talent to drive success for their business and clients.

Global Telecom & Technology (GTT) is a provider of cloud networking services tailored for multinational enterprises, carriers, and government clients across the globe. The company specializes in wide area networking solutions, including software-defined wide area networking and multiprotocol label switching, as well as high-bandwidth Internet connectivity and IP transit. GTT also offers managed equipment and security services, along with unified communication solutions that encompass cloud communication and traditional voice services. Their transport services include Ethernet and video transport for high-quality media transmission. GTT's infrastructure services facilitate high-volume data transport between data centers and enterprise locations, and they provide advanced solutions such as security and hybrid cloud services. With an extensive IP network comprising approximately 600 points of presence, GTT delivers custom-fit telecommunications solutions through both direct sales and indirect channels. Founded in 2005 and headquartered in McLean, Virginia, GTT emphasizes a consultative approach, utilizing over a decade of industry experience to enhance network performance and security for its clients.

Rubis Terminal is distribution of petroleum products and bulk-liquid storage.

Ocensa Colombia's crude oil transportation system.

Yalla Fel Sekka is a technology platform specializing in on-demand delivery services tailored for urban environments. The company facilitates rapid logistic solutions for a diverse range of customers, including businesses and individual consumers. By leveraging a versatile fleet and an efficient operations team, Yalla Fel Sekka serves multiple sectors, such as groceries, pharmacies, and e-commerce. The platform enables seamless purchasing and delivery experiences, allowing consumers to order items online and receive them at home. Additionally, Yalla Fel Sekka supports small and medium-sized businesses by providing access to the growing e-commerce market, reducing the need for substantial investments in their own logistics capabilities. Through its scalable business model, the company positions itself as a key player in the intra-city logistics and courier services landscape.

MEP Infrastructure Developers Limited is an Indian infrastructure company, headquartered in Mumbai, that specializes in the construction, operation, maintenance, and toll collection of road infrastructure. Established in 2002, the company primarily services central and state road authorities, focusing on delivering effective and technologically advanced solutions. MEP Infrastructure Developers engages in various business segments, including toll collection, operation and maintenance, and construction. The company generates significant revenue from its toll collection and repairs and maintenance activities, providing comprehensive toll management services. Additionally, it aids clients in navigating the complexities associated with toll systems, including the installation of electronic toll and cash collection systems, communication networks, and intelligent transportation solutions.

TIP specializes in trailer leasing, rental, maintenance and repair as well as other value added services and provides these to transportation and logistics customers across Europe. Headquartered in Amsterdam, TIP services its customers from over 70 locations in Europe, spread over 16 countries. With approximately 50,000 units in its fleet, TIP Trailer Services is considered an industry leader with one of the largest and most diverse fleets in Europe.

IC Power is a fast-growing global power generation and distribution company. It engages in the ownership, development, and operation of power generation facilities in Israel, Latin America, and the Caribbean. It generates electricity through various fuels, including natural gas, hydroelectric, diesel, heavy fuel oil, and wind.

Pinnacle Midstream II, LLC is a Houston-based company that specializes in providing comprehensive midstream services to oil and gas producers. Founded in 2019, the company offers a range of services including natural gas gathering and processing, crude oil gathering and stabilization, transloading and storage, as well as produced water gathering and saltwater disposal. Pinnacle Midstream II focuses on creating strategic partnerships with producers to enhance the efficiency and value of their operations. By implementing tailored solutions for compression, treatment, processing, and dehydration, the company aims to ensure the maximum market value for its clients' oil and gas products. Its agile approach enables faster delivery of resources to the market, thereby increasing revenue potential for its partners across various North American basins.

Hutchison Global Communications Limited (HGC) is a subsidiary of Hutchison Telecommunications Hong Kong Holdings Limited (HTHKH, stock code: 0215), a well-established integrated telecommunications operator listed on the Main Board of The Stock Exchange of Hong Kong Limited. HTHKH, a member of CK Hutchison Holdings Limited, provides fixed-line services under the HGC brand and m​obile services under the 3 brand.

Duke Energy International - Latin American Businesses

Viridian has invested over €600 Million in thermal generation in the RoI and through the provision of Power Purchase Agreements (PPAs), has supported third party investments of around €600 Million in renewable generation assets throughout Ireland. Viridian Group has always been at the forefront of innovation and was the first independent energy company to enter the deregulated market to offer competitive electricity to Irish businesses in 1999.

Lincoln Clean Energy is a developer, owner, and operator of clean power projects with a strong emphasis on wind and solar energy in the United States. The company has successfully developed projects with over $2 billion in capital investment, particularly in major electricity markets such as Texas, California, and New Jersey. It is currently engaged in the construction of over 4,500 megawatts of clean energy projects, including notable initiatives like Oak Solar, Lone Valley, Horse Creek Wind, Electra Wind, and Willow Springs Windfarm, extending its influence across North America and Europe. Following its acquisition by I Squared Capital in late 2015, Lincoln Clean Energy has positioned itself as a long-term owner of its developed projects and aims to deploy more than $250 million in equity capital to expand its development backlog.

Western UP Tollway Limited is engaged in the improvement, operation, maintenance, rehabilitation, strengthening, and tolling of National Highway 58 in Uttar Pradesh, India. Established in 2005 and headquartered in Hyderabad, the company operates on a build-operate-transfer basis. The primary project involves the construction and enhancement of a four-lane highway connecting Meerut and Muzaffarnagar, which has been operational since 2011. As a subsidiary of Cube Highways and Infrastructure Pte. Ltd., Western UP Tollway is focused on providing essential infrastructure construction services in the region.

Netomnia is a fiber-to-the-premises (FTTP) broadband service provider based in London, England, established in 2019. The company focuses on constructing full-fiber broadband infrastructure and networks throughout the United Kingdom, aimed at connecting both homes and businesses. By offering symmetrical multi-gigabit services, Netomnia ensures that clients receive reliable internet speeds tailored to their specific requirements.