Lime Rock New Energy
Lime Rock New Energy is a private equity firm based in Westport, Connecticut, specializing in growth equity investments. Founded in 2003, the firm focuses on emission reduction opportunities and companies that provide products and services related to renewable energy, energy efficiency, and transportation electrification. It primarily targets North American businesses, as well as global companies operating within the North American market. Lime Rock New Energy aims to support entrepreneurs and organizations that contribute to the clean energy transition, emphasizing measurable positive environmental impacts through its investments. The firm typically makes investments ranging from $30 million to $90 million.
Top Stages
2 past transactions
Qmerit
Venture Round in 2021
Qmerit Inc. is a software company based in Irvine, California, that specializes in simplifying the implementation of renewable energy products for residential and light commercial markets. Founded in 2015, Qmerit operates a Software-as-a-Service platform designed to enhance the efficiency and effectiveness of service workforce management. The platform includes features for workforce onboarding, work activity alignment, real-time tracking, and performance analytics. It leverages a nationwide network of certified electrical contractors to provide high-quality installation and maintenance services for electric vehicle charging stations, battery storage systems, and microgrid solutions. Qmerit also offers an innovative performance measurement system known as the Qmerit Contribution Index (QCI™), which scores contractors based on various performance metrics, creating a framework that encourages excellence and accountability. Additionally, Qmerit has partnered with Avendra to aggregate purchasing power for parts and materials, enabling clients to benefit from significant cost savings in their service operations.
Smart Wires Technology
Series E in 2019
Smart Wires Technology is a company specializing in manufacturing and distributing modular power flow control products and grid optimization solutions for transmission organizations globally. Founded in 2010, the company is headquartered in Union City, California, with additional offices in the United States, the United Kingdom, and Australia. Smart Wires' innovative technology enhances transmission reliability and addresses challenges such as congestion management and power flow control. Its solutions facilitate the integration of renewable energy sources, streamline construction and maintenance activities, and reduce environmental and community impact while improving grid capacity. By employing advanced power electronics and software, Smart Wires aims to optimize electricity transmission and adapt to the evolving demands of the energy sector.
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