NGP Energy Capital Management

NGP Energy Capital Management, established in 1988, is a leading private equity firm focused on the energy sector. Based in Irving, Texas, with additional offices in the U.S., Canada, and the U.K., NGP invests in various energy subsectors, including oil and gas production, midstream, oilfield services, energy efficiency, alternative energy, and power technology. The firm manages multiple funds, deploying capital ranging from $2 million to $500 million in energy companies across North America and select international regions. NGP's investment strategy spans seed/start-up, growth capital, buyouts, and industry consolidation, aiming to support the development and growth of energy-related businesses.

Eric Christiansen

Principal

Phil Deutch

Founder and CEO

Maritza Liaw

Partner

James Pai

Principal

Edward Rogers

Senior Associate

Bruce Schulman

Managing Partner

Tony Weber

Advisory Partner

Chris Carter

Managing Partner

52 past transactions

Persefoni

Series C in 2025
Persefoni AI Inc., established in 2020 and headquartered in Tempe, Arizona, specializes in developing an artificial intelligence-based platform for carbon footprint accounting and management. The company's core product, Persefoni, is a SaaS-based platform that measures, analyzes, plans, forecasts, and reports organizational and investment portfolio carbon footprints. It provides actionable performance context, enabling businesses to manage carbon transactions and inventory with the same rigor as financial transactions. Persefoni caters to a wide range of clients, including institutional investors, sustainability teams, CFOs, and business unit leaders, offering tools for carbon accounting, planning, forecasting, and sustainability reporting. The platform serves as a single source of carbon truth, facilitating compliance with stakeholder and regulatory climate disclosure requirements.

X-energy

Series C in 2024
X-energy is a developer of advanced modular nuclear reactors and fuel technology for clean energy generation. The company manufactures fuel that seals uranium particles in a protective coating, making meltdown impossible. It develops safe and efficient reactors and proprietary fuel to deliver reliable, zero-carbon, affordable energy to people worldwide. The simplified, modular, and high-temperature gas reactor design expands applications and markets for the deployment of nuclear technology.

Form Energy

Series F in 2024
Form Energy, Inc. is a company focused on developing long-duration energy storage systems aimed at transforming the electric grid by enabling the reliable use of renewable energy sources such as wind and solar. Established in 2017 and based in Somerville, Massachusetts, Form Energy is known for its innovative iron-air battery technology, which allows for the storage of electricity over extended periods, making renewable energy more dispatchable throughout the year. This technology not only helps to replace conventional fossil fuel-based generation but also enhances transmission capacity without the need for new infrastructure. By facilitating deep decarbonization of the electric system, Form Energy plays a significant role in reducing carbon emissions and promoting a sustainable energy future.

Dandelion Energy

Series C in 2024
Dandelion Energy, Inc. is a Palo Alto, California-based company founded in 2017 that specializes in affordable geothermal heating and cooling solutions. The company replaces traditional air conditioning and heating systems with an innovative home geothermal system that utilizes a powerful heat pump and underground pipes to transfer heat between the earth and the residence. This system is designed to harness thermal energy from below the earth's surface to regulate indoor temperatures and provide hot water, allowing homeowners to transition from conventional heating fuels to a more sustainable geothermal alternative. Dandelion Energy is committed to making renewable heating and cooling accessible and cost-effective for homeowners.

LevelTen Energy

Series D in 2024
LevelTen Energy is a Seattle-based company that operates a renewable energy transaction marketplace platform. Founded in 2016, it facilitates connections between corporate and industrial power buyers and utility-scale wind, solar, and storage projects. The platform enables these buyers to access power purchase agreements (PPAs), providing financial security through fixed-price renewables and the economic advantages of large-scale projects. LevelTen Energy equips renewable energy buyers, advisors, and sellers with tools and services to expedite better deals.

PhysicsX

Series A in 2023
PhysicsX is a technology company that specializes in developing artificial intelligence and simulation engineering tools. Their primary focus is to revolutionize the design and operation of machines and products by accelerating physics simulations using machine learning applications. The company's platform integrates AI-based simulation and optimization throughout the entire product development lifecycle, from initial design to manufacturing and operations. This enables customers, such as those in the aerospace, automotive, and renewable energy sectors, to enhance their product designs, reduce emissions, and improve overall performance.

Persefoni

Series C in 2023
Persefoni AI Inc., established in 2020 and headquartered in Tempe, Arizona, specializes in developing an artificial intelligence-based platform for carbon footprint accounting and management. The company's core product, Persefoni, is a SaaS-based platform that measures, analyzes, plans, forecasts, and reports organizational and investment portfolio carbon footprints. It provides actionable performance context, enabling businesses to manage carbon transactions and inventory with the same rigor as financial transactions. Persefoni caters to a wide range of clients, including institutional investors, sustainability teams, CFOs, and business unit leaders, offering tools for carbon accounting, planning, forecasting, and sustainability reporting. The platform serves as a single source of carbon truth, facilitating compliance with stakeholder and regulatory climate disclosure requirements.

Orennia

Series B in 2023
Orennia is a provider of commercial analytics focused on the renewable and zero-carbon energy sectors. The company offers a platform that aggregates and cleanses extensive data related to commercial, engineering, pricing, transmission facilities, and demand. By leveraging advanced technology and insights from seasoned industry experts, Orennia aims to assist investors in making informed capital allocation decisions, ultimately accelerating their time-to-value in the renewable power sector. The company's objective insights enable clients to navigate investment opportunities effectively and with confidence in this rapidly evolving market.

Noveon Magnetics

Series B in 2023
Noveon Magnetics specializes in a proprietary magnet-to-magnet recycling process aimed at producing neodymium magnets from scrap magnet feedstocks. Founded in 2014 and based in Austin, Texas, the company leverages alternative raw materials to minimize waste and enhance sustainability in the production of rare earth permanent magnets. Its innovative system is designed to meet the demands of various applications, particularly in motors, where high magnetic performance at elevated temperatures is essential. By utilizing its advanced technology, Noveon Magnetics enables industries to access high-quality magnetic materials at competitive prices, contributing to a more sustainable and efficient manufacturing landscape.

Dandelion Energy

Series B in 2022
Dandelion Energy, Inc. is a Palo Alto, California-based company founded in 2017 that specializes in affordable geothermal heating and cooling solutions. The company replaces traditional air conditioning and heating systems with an innovative home geothermal system that utilizes a powerful heat pump and underground pipes to transfer heat between the earth and the residence. This system is designed to harness thermal energy from below the earth's surface to regulate indoor temperatures and provide hot water, allowing homeowners to transition from conventional heating fuels to a more sustainable geothermal alternative. Dandelion Energy is committed to making renewable heating and cooling accessible and cost-effective for homeowners.

EV Realty

Debt Financing in 2022
EV Realty specializes in the development, deployment, and ownership of grid-scale charging infrastructure essential for the electrification of last-mile delivery and service fleets. The company focuses on creating innovative charging solutions that enhance grid integration and improve logistics for electric vehicle (EV) operations. By providing strategic properties that optimize charging capabilities, EV Realty enables clients to efficiently manage their electric fleets, thereby supporting the transition to an electrified logistics and e-commerce landscape.

Form Energy

Series E in 2022
Form Energy, Inc. is a company focused on developing long-duration energy storage systems aimed at transforming the electric grid by enabling the reliable use of renewable energy sources such as wind and solar. Established in 2017 and based in Somerville, Massachusetts, Form Energy is known for its innovative iron-air battery technology, which allows for the storage of electricity over extended periods, making renewable energy more dispatchable throughout the year. This technology not only helps to replace conventional fossil fuel-based generation but also enhances transmission capacity without the need for new infrastructure. By facilitating deep decarbonization of the electric system, Form Energy plays a significant role in reducing carbon emissions and promoting a sustainable energy future.

Ojjo

Series C in 2022
Ojjo, Inc. is a California-based company founded in 2018 that specializes in manufacturing foundation systems for the utility-scale ground-mount solar market. The company has developed the patented Earth Truss System and a proprietary Truss Driver machine, which provide precision foundations through advanced automation. This innovative approach enhances efficiency by optimizing material use, as the strong axes of the structure effectively resist solar-specific load conditions. As a result, Ojjo's technology minimizes the need for extensive grading and reduces subsurface risks, enabling significant cost savings in large-scale solar energy projects. The company offers both single and double versions of its foundation systems to cater to standard and specialized applications.

GridX

Series C in 2022
GridX Inc. develops data-driven and cloud-based financial operating applications specifically for the utilities sector. Founded in 2010 and based in Walnut Creek, California, the company offers a comprehensive suite of solutions designed to enhance the efficiency of utility billing and management systems. Its products include the GridX Big Data Rating Engine, which optimizes utility billing operations, and the GridX Big Data Settlement Engine, facilitating multi-party settlements in decentralized energy markets. Additionally, GridX provides the Big Data Billing Analytics Engine for real-time and batch billing analytics, along with Energy Pricing and Costing Services that cater to utility customers. Targeting utility markets, energy service providers, and retail energy suppliers, GridX aims to streamline the design and implementation of innovative rate structures and customer programs, thereby promoting the adoption of distributed energy resources and advanced technologies in the energy sector.

Persefoni

Series B in 2021
Persefoni AI Inc., established in 2020 and headquartered in Tempe, Arizona, specializes in developing an artificial intelligence-based platform for carbon footprint accounting and management. The company's core product, Persefoni, is a SaaS-based platform that measures, analyzes, plans, forecasts, and reports organizational and investment portfolio carbon footprints. It provides actionable performance context, enabling businesses to manage carbon transactions and inventory with the same rigor as financial transactions. Persefoni caters to a wide range of clients, including institutional investors, sustainability teams, CFOs, and business unit leaders, offering tools for carbon accounting, planning, forecasting, and sustainability reporting. The platform serves as a single source of carbon truth, facilitating compliance with stakeholder and regulatory climate disclosure requirements.

Via Separations

Series B in 2021
Via Separations, Inc. is a company that specializes in developing membrane-based products for the separation of industrial liquids, aimed at enhancing efficiency in challenging industrial environments. Founded in 2016 and based in Somerville, Massachusetts, the company focuses on industrial decarbonization through innovative chemistries that significantly reduce energy consumption in manufacturing processes. Via's technology allows facilities to cut energy usage by 90% during chemical separation, replacing traditional heat-based methods with a highly selective and robust membrane filtration system. This advancement not only helps to minimize the environmental impact of industrial processes, but it also creates additional revenue opportunities for customers. Currently, Via is conducting pilot trials at pulp and paper facilities with the goal of eliminating 100 million metric tons of CO2 emissions by 2050. The company has successfully scaled its technology and demonstrated working prototypes at a commercial level, having emerged from MIT's Department of Material Science & Engineering.

LevelTen Energy

Series C in 2021
LevelTen Energy is a Seattle-based company that operates a renewable energy transaction marketplace platform. Founded in 2016, it facilitates connections between corporate and industrial power buyers and utility-scale wind, solar, and storage projects. The platform enables these buyers to access power purchase agreements (PPAs), providing financial security through fixed-price renewables and the economic advantages of large-scale projects. LevelTen Energy equips renewable energy buyers, advisors, and sellers with tools and services to expedite better deals.

Form Energy

Series D in 2021
Form Energy, Inc. is a company focused on developing long-duration energy storage systems aimed at transforming the electric grid by enabling the reliable use of renewable energy sources such as wind and solar. Established in 2017 and based in Somerville, Massachusetts, Form Energy is known for its innovative iron-air battery technology, which allows for the storage of electricity over extended periods, making renewable energy more dispatchable throughout the year. This technology not only helps to replace conventional fossil fuel-based generation but also enhances transmission capacity without the need for new infrastructure. By facilitating deep decarbonization of the electric system, Form Energy plays a significant role in reducing carbon emissions and promoting a sustainable energy future.

Mesa Minerals Partners IV

Private Equity Round in 2021
Mesa Minerals Partners IV is an acquisition company based in Houston, Texas, established in 2018. It specializes in acquiring oil and gas mineral rights, primarily focusing on royalty and mineral assets located in prominent regions such as the Haynesville and Permian basins. The company operates a diverse portfolio of mineral and royalty holdings across all major basins in the United States, aiming to enhance its assets and value within the energy sector.

Orennia

Series A in 2021
Orennia is a provider of commercial analytics focused on the renewable and zero-carbon energy sectors. The company offers a platform that aggregates and cleanses extensive data related to commercial, engineering, pricing, transmission facilities, and demand. By leveraging advanced technology and insights from seasoned industry experts, Orennia aims to assist investors in making informed capital allocation decisions, ultimately accelerating their time-to-value in the renewable power sector. The company's objective insights enable clients to navigate investment opportunities effectively and with confidence in this rapidly evolving market.

Voltus

Series C in 2021
Voltus, Inc. is a technology company based in San Francisco, California, that develops innovative energy products for industrial, commercial, and institutional customers. Founded in 2016, Voltus provides solutions that leverage distributed energy resources to enhance energy management and maximize operational flexibility in energy markets. Its offerings include Voltlet, which facilitates second-level data acquisition and control, Voltus energy cloud software, and Voltapp, an application designed for real-time energy visibility and control. By enabling clients to optimize their energy use, Voltus helps them generate cash flow and savings while contributing to a cleaner and more reliable energy future. The company operates on a model where it shares the financial benefits with its customers, ensuring that they profit from their participation in energy markets.

Persefoni

Series A in 2021
Persefoni AI Inc., established in 2020 and headquartered in Tempe, Arizona, specializes in developing an artificial intelligence-based platform for carbon footprint accounting and management. The company's core product, Persefoni, is a SaaS-based platform that measures, analyzes, plans, forecasts, and reports organizational and investment portfolio carbon footprints. It provides actionable performance context, enabling businesses to manage carbon transactions and inventory with the same rigor as financial transactions. Persefoni caters to a wide range of clients, including institutional investors, sustainability teams, CFOs, and business unit leaders, offering tools for carbon accounting, planning, forecasting, and sustainability reporting. The platform serves as a single source of carbon truth, facilitating compliance with stakeholder and regulatory climate disclosure requirements.

Form Energy

Series C in 2020
Form Energy, Inc. is a company focused on developing long-duration energy storage systems aimed at transforming the electric grid by enabling the reliable use of renewable energy sources such as wind and solar. Established in 2017 and based in Somerville, Massachusetts, Form Energy is known for its innovative iron-air battery technology, which allows for the storage of electricity over extended periods, making renewable energy more dispatchable throughout the year. This technology not only helps to replace conventional fossil fuel-based generation but also enhances transmission capacity without the need for new infrastructure. By facilitating deep decarbonization of the electric system, Form Energy plays a significant role in reducing carbon emissions and promoting a sustainable energy future.

Voltus

Series B in 2020
Voltus, Inc. is a technology company based in San Francisco, California, that develops innovative energy products for industrial, commercial, and institutional customers. Founded in 2016, Voltus provides solutions that leverage distributed energy resources to enhance energy management and maximize operational flexibility in energy markets. Its offerings include Voltlet, which facilitates second-level data acquisition and control, Voltus energy cloud software, and Voltapp, an application designed for real-time energy visibility and control. By enabling clients to optimize their energy use, Voltus helps them generate cash flow and savings while contributing to a cleaner and more reliable energy future. The company operates on a model where it shares the financial benefits with its customers, ensuring that they profit from their participation in energy markets.

Hibernia Resources III

Acquisition in 2017
Hibernia Energy III is an investment fund managed by Hibernia Resources, based in Houston, Texas. The fund specializes in the exploration, growth, and production of oil and natural gas assets, primarily focusing on opportunities within the Texas energy sector. By targeting investments in these resources, Hibernia Energy III aims to capitalize on the potential for development and production in the oil and gas industry.

Avad Energy Partners

Private Equity Round in 2017
AVAD Energy Partners, founded in 2016 and based in Dallas, is a private company dedicated to acquiring and developing conventional oil and natural gas properties across the continental United States. The founders, John Davis, Tom Quigley, and Crystal Blackstone, bring a collective 90 years of experience in the oil and gas sector, having previously worked for notable firms such as Exxon Company, USA, and Alpine Gas Company. AVAD Energy Partners aims to create a diversified and lower-risk asset portfolio by acquiring both operated and non-operated oil and natural gas properties. The company has established partnerships with private equity firms to support its growth and development initiatives in the energy sector.

EnLink Midstream

Acquisition in 2016
EnLink Midstream is an integrated midstream energy company that provides a range of services across five operating segments: Permian, North Texas, Oklahoma, Louisiana, and Corporate. The company specializes in the gathering, processing, transportation, and storage of natural gas, natural gas liquids, crude oil, and condensate, as well as offering brine disposal services. EnLink operates approximately 12,000 miles of pipelines, 21 natural gas processing plants, seven fractionation facilities, and various storage and terminal facilities. It plays a significant role in key North American oil and gas regions, including the Gulf Coast, Haynesville, and Permian basins. EnLink Midstream aims to deliver customized solutions that foster sustainable growth and value for its customers and stakeholders, leveraging its diverse asset base and strategic industry relationships. Founded in 2002 and headquartered in Dallas, Texas, the company was previously known as Crosstex Energy L.P. before rebranding in 2014.

Zahroof Valves

Series C in 2016
Zahroof Valves, Inc. is a Houston-based manufacturer specializing in performance valves for reciprocating gas compressors. The company is renowned for its Zahroof Performance Valves, which utilize patented Modular Reed Valve technology. These valves are designed to enhance compressor serviceability, increase reliability, and reduce power consumption by 5-15%, resulting in significant fuel savings and lowered operational costs for various industries including natural gas, oil and gas, refineries, and chemical plants. Zahroof Valves develops StraightFlo valves that feature a modular design, streamlining maintenance and improving overall compressor efficiency. Since its founding in 2010, Zahroof Valves has focused on delivering advanced solutions that minimize downtime and enhance productivity for its clients across multiple sectors.

Teal Natural Resources

Private Equity Round in 2016
Teal Natural Resources, LLC is an oil and gas exploration company based in Dallas, Texas, founded in 2016. The company specializes in the acquisition and development of both conventional and unconventional reserves, primarily focusing on opportunities within the Eagle Ford Shale region of South Texas. Teal Natural Resources aims to contribute to the nation’s energy infrastructure by pursuing sustainable development practices in its operations.

Colgate Energy

Private Equity Round in 2016
Colgate Energy LLC is a privately-held company based in Midland, Texas, specializing in the exploration and production of oil and natural gas. Founded in 2015 by James Walter and Will Hickey, the company concentrates on acquiring and developing both conventional and unconventional oil properties within the Permian Basin, a region known for its significant energy resources. Colgate Energy is dedicated to leveraging the potential of this area to enhance its production capabilities and contribute to the energy sector.

Torrent Oil

Acquisition in 2016
Torrent Oil LLC is an independent oil and natural gas company based in Houston, Texas, established in 2015. The company specializes in the acquisition and redevelopment of oil and gas assets primarily within the Gulf Coast, East Texas, and Ark-La-Tex regions. By focusing on these areas, Torrent Oil aims to facilitate energy distribution and enhance its clients' capabilities within the energy sector on a global scale.

Juniper Resources

Acquisition in 2015
Juniper Resources is an independent oil and gas company that primarily operates in the San Juan Basin. The company focuses on the acquisition, exploitation, and development of oil and gas assets. By enhancing the necessary infrastructure for energy production, Juniper Resources aims to support ongoing operations in the oil and gas sector.

CampoRico

Venture Round in 2015
CampoRico offers high quality services to customers with a variety of fertilizers and fertilizer solutions in general. CampoRico is a fertilizer distribution company which brings fertilizer solutions to farmers in formerly underserved markets in Northern Brazil. The company produces NPK based formulation fertilizers and is a fertilizer operator through the port of Santarém, as well as using several barge ports along the river for fertilizer deliveries. CampoRico was founded on 2014 and is headquartered in Sao Paulo, Brazil.

Axia Energy II

Acquisition in 2015
Axia Energy II, LLC is an oil and gas exploration and production company based in Denver, Colorado, and was incorporated in 2009. The company specializes in the acquisition and development of oil and gas properties in the Rocky Mountains. It aims to create value for its investors by leveraging geological expertise, optimizing completion processes, and maintaining strict cost control.

Signum Instruments

Private Equity Round in 2015
Signum Instruments, Inc. is a Houston-based company founded in 2014, specializing in the manufacture of open-hole formation evaluation tools and related services for the oil and gas industry. The company offers a portfolio of micro slim measuring instruments that includes electrical and geo-mechanical equipment, designed to perform effectively under logging conditions. These tools assist clients in acquiring critical data from unconventional wells, enabling them to maximize their estimated ultimate recoveries (EURs), optimize completion processes, and enhance the net present value (NPV) of their well investments.

Oilfield Water Logistics

Private Equity Round in 2014
Oilfield Water Logistics, LLC is a provider of water infrastructure and services tailored for the energy industry. Established in 2014 and headquartered in Dallas, Texas, the company operates additional offices in Midland, Texas, and Denver, Colorado. It specializes in a range of services, including water supply, gathering, transport, reclamation, landfill operations, and disposal. With a network of pipelines and facilities located across several states, including Delaware, Texas, New Mexico, Colorado, Utah, and Wyoming, Oilfield Water Logistics plays a crucial role in enabling energy companies to efficiently manage their water requirements.

GeoDigital

Private Equity Round in 2014
GeoDigital International Inc. is a provider of 3D services and geospatial intelligence software, specializing in solutions for utilities and other distributed asset customers. Founded in 1987 and headquartered in Ottawa, Canada, the company leverages advanced technologies such as 3D data, remote sensing, and spatial intelligence to connect critical infrastructure with people, vehicles, and machines. GeoDigital develops the GeoDigital Insight platform, which utilizes a combination of 3D remote-sensing, predictive analytics, and artificial intelligence to optimize the inspection and monitoring of transmission and distribution assets. Additionally, the company offers the Digital Driving Platform, which includes a comprehensive 3D road map of North America's multi-lane highways to support autonomous vehicles, along with software that enhances vehicle positioning and awareness. GeoDigital operates one of the largest fleets of airborne and mobile LiDAR and digital imaging sensor systems in North America, enabling it to efficiently collect and process geospatial data under challenging conditions. The company has a presence in Canada, the United States, and Australia.

GeoDigital

Series A in 2014
GeoDigital International Inc. is a provider of 3D services and geospatial intelligence software, specializing in solutions for utilities and other distributed asset customers. Founded in 1987 and headquartered in Ottawa, Canada, the company leverages advanced technologies such as 3D data, remote sensing, and spatial intelligence to connect critical infrastructure with people, vehicles, and machines. GeoDigital develops the GeoDigital Insight platform, which utilizes a combination of 3D remote-sensing, predictive analytics, and artificial intelligence to optimize the inspection and monitoring of transmission and distribution assets. Additionally, the company offers the Digital Driving Platform, which includes a comprehensive 3D road map of North America's multi-lane highways to support autonomous vehicles, along with software that enhances vehicle positioning and awareness. GeoDigital operates one of the largest fleets of airborne and mobile LiDAR and digital imaging sensor systems in North America, enabling it to efficiently collect and process geospatial data under challenging conditions. The company has a presence in Canada, the United States, and Australia.

Zahroof Valves

Venture Round in 2013
Zahroof Valves, Inc. is a Houston-based manufacturer specializing in performance valves for reciprocating gas compressors. The company is renowned for its Zahroof Performance Valves, which utilize patented Modular Reed Valve technology. These valves are designed to enhance compressor serviceability, increase reliability, and reduce power consumption by 5-15%, resulting in significant fuel savings and lowered operational costs for various industries including natural gas, oil and gas, refineries, and chemical plants. Zahroof Valves develops StraightFlo valves that feature a modular design, streamlining maintenance and improving overall compressor efficiency. Since its founding in 2010, Zahroof Valves has focused on delivering advanced solutions that minimize downtime and enhance productivity for its clients across multiple sectors.

Lehigh Technologies

Venture Round in 2012
Lehigh Technologies, Inc. is a specialty chemicals company that produces micronized rubber powders (MRPs) from end-of-life tires and post-industrial rubber. Founded in 2003 and based in Tucker, Georgia, with a subsidiary in Barcelona, Spain, the company operates the world’s largest MRP manufacturing plant, which has an annual production capacity of 140 million pounds. Lehigh’s product offerings include MicroDyne and PolyDyne, which are tailored for various applications such as high-performance tires, plastics, asphalt, construction materials, and consumer goods. The company also provides EkoDyne, Rheopave, and Zenoflex, which enhance the performance of rubber-based products. By transforming waste materials into high-performance, sustainable powders, Lehigh Technologies helps industries reduce costs and environmental impact while optimizing product performance. The firm is recognized for its research and development capabilities through its Application & Development Center, which focuses on advancing MRP applications across multiple sectors.

Community Energy

Series A in 2010
Community Energy, Inc. is a renewable energy development company based in Radnor, Pennsylvania, with an additional office in Boulder, Colorado. Founded in 1999, the company specializes in the development and construction of solar and wind energy projects for both residential and commercial customers across the United States. Community Energy focuses on utility-scale solar projects, as well as customer-sited and community-scale solar initiatives tailored for businesses, universities, and residential clients. By delivering renewable energy through direct sales and partnerships with electric utilities, the company has played a pivotal role in expanding the market for clean energy solutions. With over a decade of experience, Community Energy aims to meet the energy demands of large electric customers, utilities, cities, and communities, providing them with reliable, carbon-free energy options.

LED Engin

Series D in 2010
LED Engin, Inc. is a California-based company specializing in the development, manufacturing, and sale of advanced LED emitters, optical components, and light source modules. Founded in 2004 and located in San Jose, the company offers innovative products such as the LuxiTune, a tunable white light engine, and various lenses designed for multi-color and white LEDs. LED Engin's solutions cater to diverse applications, including architectural, dynamic, entertainment, horticultural, analytical, and curing lighting needs. The company's compact and powerful lighting products provide high-quality output while maintaining energy efficiency, enabling designers and engineers to achieve versatile lighting designs. LED Engin distributes its products through direct sales channels and a network of distributors across North America, Asia, Europe, Latin America, Australia, New Zealand, the Middle East, and beyond. As a subsidiary of OSRAM GmbH since 2017, LED Engin is dedicated to sustainable practices, aiming to reduce greenhouse emissions through its innovative lighting technologies.

TPI Composites

Series B in 2009
TPI Composites, Inc. is a manufacturer specializing in composite wind blades and related precision molding and assembly systems, primarily for original equipment manufacturers. Founded in 1968 and headquartered in Scottsdale, Arizona, the company serves multiple industries, including wind energy and transportation, where it produces large-scale composite structures for applications such as buses, rail systems, and military vehicles. TPI operates factories across the United States, Mexico, and Asia, with a significant portion of its revenue coming from operations in Mexico. The company is known for its innovative technology that emphasizes high strength, lightweight, and durability in its products.

Southwest Windpower

Series C in 2009
Southwest Windpower, established in 1987, is a leading global manufacturer and distributor of small wind turbines, with a strong focus on quality, performance, and reliability. The company has shipped over 180,000 wind turbines to more than 120 countries, serving a variety of applications including remote sites, utility-connected homes, industrial, recreational, and farming uses. Headquartered in Broomfield, Colorado, with manufacturing facilities in Flagstaff, Arizona, and operations in Cologne, Germany, Southwest Windpower is committed to providing wind products that offer the lowest cost of energy while maintaining high standards of aesthetics, quietness, and simplicity. The company's mission is to be a responsible global leader in the design, production, and provision of wind turbines up to 40kW.

groSolar

Series B in 2007
groSolar, headquartered in Columbia, Maryland, specializes in the development and implementation of solar photovoltaic (PV) projects. The company offers comprehensive engineering, procurement, and construction (EPC) services tailored to a diverse client base, including developers, investors, utilities, commercial entities, government agencies, and other institutional clients. With a proven track record, groSolar has successfully designed, built, installed, and procured equipment for over 90 megawatts of solar PV systems across the United States, encompassing more than 2,000 installations.

TPI Composites

Series A in 2007
TPI Composites, Inc. is a manufacturer specializing in composite wind blades and related precision molding and assembly systems, primarily for original equipment manufacturers. Founded in 1968 and headquartered in Scottsdale, Arizona, the company serves multiple industries, including wind energy and transportation, where it produces large-scale composite structures for applications such as buses, rail systems, and military vehicles. TPI operates factories across the United States, Mexico, and Asia, with a significant portion of its revenue coming from operations in Mexico. The company is known for its innovative technology that emphasizes high strength, lightweight, and durability in its products.

DynaPump

Series C in 2007
DynaPump, Inc. is a manufacturer of surface-mounted artificial lift systems specifically designed for the oil and gas industry, aimed at optimizing the production of oil and gas wells. Established in 1992, the company began commercial sales in 1999 and has since sold over 400 units across diverse markets, including North America, South America, and the Middle East. DynaPump provides comprehensive solutions that include pumping units, hydraulic systems, and control centers, as well as a range of services such as site service and project management. To support its products, the company operates service centers across the United States and collaborates with local distributors for international sales and service, ensuring broad accessibility and support for its technology.

Xunlight

Series A in 2007
Xunlight Corporation is a technology spin-off from the University of Toledo that specializes in the development, manufacture, and marketing of photovoltaic modules designed to convert sunlight into electricity. The company produces lightweight solar power solutions, including thin-film silicon-based solar cells and various photovoltaic modules. Its offerings encompass a-SiGe-based single-junction solar cells as well as a-Si/a-SiGe/NC-Si triple-junction solar cells, which facilitate the establishment of solar projects with reduced costs and space requirements.

Southwest Windpower

Series B in 2007
Southwest Windpower, established in 1987, is a leading global manufacturer and distributor of small wind turbines, with a strong focus on quality, performance, and reliability. The company has shipped over 180,000 wind turbines to more than 120 countries, serving a variety of applications including remote sites, utility-connected homes, industrial, recreational, and farming uses. Headquartered in Broomfield, Colorado, with manufacturing facilities in Flagstaff, Arizona, and operations in Cologne, Germany, Southwest Windpower is committed to providing wind products that offer the lowest cost of energy while maintaining high standards of aesthetics, quietness, and simplicity. The company's mission is to be a responsible global leader in the design, production, and provision of wind turbines up to 40kW.

Lehigh Technologies

Venture Round in 2007
Lehigh Technologies, Inc. is a specialty chemicals company that produces micronized rubber powders (MRPs) from end-of-life tires and post-industrial rubber. Founded in 2003 and based in Tucker, Georgia, with a subsidiary in Barcelona, Spain, the company operates the world’s largest MRP manufacturing plant, which has an annual production capacity of 140 million pounds. Lehigh’s product offerings include MicroDyne and PolyDyne, which are tailored for various applications such as high-performance tires, plastics, asphalt, construction materials, and consumer goods. The company also provides EkoDyne, Rheopave, and Zenoflex, which enhance the performance of rubber-based products. By transforming waste materials into high-performance, sustainable powders, Lehigh Technologies helps industries reduce costs and environmental impact while optimizing product performance. The firm is recognized for its research and development capabilities through its Application & Development Center, which focuses on advancing MRP applications across multiple sectors.

Moray Energy

Moray Energy offers energy and business development consulting services.
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