NewWorld Capital Group

NewWorld Capital Group, LLC is a private equity firm based in New York, specializing in investments within the environmental opportunities sector. Founded in 2009, the firm primarily targets undervalued and capital-constrained companies in the clean energy, energy efficiency, water reclamation, waste-to-value, and sustainable agriculture sectors, predominantly in the United States and Canada. It seeks to invest between $10 million and $50 million in companies with EBITDA ranging from $3 million to $15 million. NewWorld Capital Group focuses on later-stage public market investments and prefers to hold minority stakes, though it occasionally takes majority positions. The firm is particularly interested in innovative solutions related to clean energy infrastructure, energy management systems, and waste management, while avoiding capital-intensive businesses and sectors heavily influenced by high hydrocarbon prices or competitive pressures from Southeast Asia.

Bales Ph.D., Carter F.

Chairman and Managing Partner

Lou Schick

Founding Partner

Ali Iz

Founding Partner

10 past transactions

Aquam

Private Equity Round in 2017
Aquam Corp is a leading cleantech company specializing in infrastructure support, rehabilitation, and diagnostics solutions. It is recognized for offering comprehensive services for both internal and external infrastructure across various global markets. With decades of experience, Aquam has collaborated with prestigious companies to address issues related to infrastructure systems and fluid distribution. The company develops advanced technologies for pressurized pipe coating and diagnostics, focusing on protecting public health and the environment. Its services include pipe diagnostics, condition assessment, analytics, remote water metering, and data management, aimed at helping operators of water and natural gas infrastructures tackle challenges such as leakage, contamination, and structural integrity.

PosiGen

Series B in 2016
PosiGen is a provider of residential renewable energy and energy efficiency solutions aimed at low- to moderate-income homeowners. The company specializes in offering solar photovoltaic (PV) panel systems alongside energy efficiency retrofits, enabling customers to lower their utility bills and achieve financial autonomy. By focusing on underserved communities, PosiGen seeks to enhance energy independence and reduce reliance on traditional utility services. Through its commitment to affordable renewable energy, PosiGen aims to empower individuals and families, helping them to manage energy consumption and achieve greater fiscal stability.

Medicine Bow Wind

Venture Round in 2015
Medicine Bow Wind operates a 6.3 megawatt wind farm situated in Carbon County, Wyoming, approximately 90 minutes from Cheyenne. The facility consists of two Vestas V42 turbines and seven Vestas V47 turbines, making it notable for being the first wind farm in North America to undergo a 60Hz Turbine Overhaul with Vestas turbines. The wind farm is located on high plains characterized by mixed land use, primarily grazing and ranching. The project reflects a commitment to renewable energy development in the region, utilizing advanced turbine technology to enhance efficiency and production.

OneRoof Energy

Post in 2015
OneRoof Energy is a technology-rich solar finance provider that has quickly become one of the nation’s leading sources of affordable solar leasing. At OneRoof Energy, we believe that solar electricity should be affordable to everyone. Through the SolarSelect® financing program, homeowners can convert to clean, affordable solar electricity for little or no money down.

Solaredge Technologies

Series E in 2014
SolarEdge Technologies is a prominent player in the solar energy sector, specializing in direct current optimized inverter systems for various solar photovoltaic installations. Established in 2006, the company focuses on developing module-level electronics, including power optimizers and inverters, which enhance solar power harvesting and monitoring. SolarEdge's products are designed for a wide range of applications, catering to residential, commercial, and utility-scale markets. The company also offers a cloud-based monitoring platform, allowing users to optimize and track solar energy production effectively. SolarEdge sells its products directly to solar installers and engineering firms, as well as through distributors and electrical equipment wholesalers. With over 70% market share in the DC power optimizer segment, SolarEdge has made significant strides in promoting clean energy, having shipped millions of power optimizers to various countries and establishing a global presence across five continents.

Nautilus Solar Energy

Venture Round in 2014
Nautilus Solar Energy is a rapidly growing solar development company founded in 2006 as a spin-off of Nautilus Energy, LLC. Based in Summit, New Jersey, the company specializes in the development and installation of solar power systems for commercial, industrial, non-profit, and utility customers. Nautilus Solar aims to provide clean, renewable energy while reducing energy costs for its clients. The company has an extensive portfolio of projects that are either operational, under construction, or in development across the Northeast, Southwest, and Western United States. Nautilus Solar is committed to creating a sustainable energy future by ensuring that its solar power systems remain reliable and effective, even in adverse weather conditions.

Direct Energy Solar

Series B in 2013
Direct Energy Solar, formerly known as Astrum Solar, is a prominent full-service solar provider operating primarily on the East Coast of the United States. The company specializes in facilitating the transition to solar energy for both residential and commercial customers, offering a comprehensive range of services that include system design, installation, and maintenance. By enabling homeowners to adopt solar power with little or no upfront costs, Direct Energy Solar allows them to reduce their electricity expenses while contributing to environmental sustainability. The firm serves a diverse market across several states, including Connecticut, Maryland, New Jersey, and Virginia, among others. With a focus on delivering exceptional customer experiences, Direct Energy Solar aims to empower individuals to take control of their energy consumption and lower their carbon footprints.

Soltage

Venture Round in 2013
Soltage, LLC is a renewable energy company based in Jersey City, New Jersey, specializing in the development and operation of solar energy stations across the United States. Founded in 2005, the company provides a comprehensive range of services, including project scoping, engineering, procurement, installation, and ongoing maintenance. Soltage primarily serves commercial and industrial clients, as well as government entities, schools, and real estate developers, offering power through long-term power purchase agreements (PPAs) without upfront costs to the host sites. The company also has a joint venture, Soltage Greenwood, focused on developing solar projects in Vermont. Through its expertise, Soltage aims to enable clients to meet their clean energy needs with distributed utility-scale solar and solar-plus-storage solutions.

Cleaire

Acquisition in 2011
Cleaire Advanced Emission Controls, LLC specializes in designing, developing, and manufacturing retrofit emission control systems for diesel engines. The company provides a comprehensive range of products, including diesel particulate filters and specialized systems for both on-road and off-road vehicles. Its offerings are notable for their compliance with environmental standards, as all products are Level 3 verified by the California Air Resources Board. Cleaire's latest innovation, the LongMile®, represents a significant enhancement over existing market options. The company distributes its products through a network of dealers across North America and is headquartered in San Leandro, California. Founded in 2001, Cleaire continues to focus on improving air quality through its advanced emission control technologies.

Coolerado

Series B in 2010
Coolerado Corporation specializes in the design, manufacture, and marketing of energy-efficient air conditioning systems for light commercial and residential applications. Founded in 2004 and headquartered in Denver, Colorado, the company utilizes proprietary and patented technology to create air conditioning solutions that significantly reduce energy consumption. Coolerado's product line includes heat and mass exchangers, compact modular air conditioners, and energy recovery ventilators, which serve a diverse range of sectors such as data centers, schools, healthcare, retail, and government. With a focus on improving indoor air quality while minimizing carbon emissions, Coolerado caters to customers through a network of dealers worldwide. As of June 2015, Coolerado operates as a subsidiary of Seeley International Pty Ltd.
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