NGP Energy Technology Partners

NGP Energy Technology Partners is a private equity and venture capital firm based in Washington, D.C., with an additional office in New Orleans, Louisiana. Founded in 2005, the firm specializes in investing in companies that provide technology-related products and services within the oil and gas, power, environmental services, energy utilities, energy management software, energy efficiency, and alternative energy sectors. It primarily targets companies in North America, with a focus on those generating sales between $5 million and $10 million. NGP Energy Technology Partners typically invests between $5 million and $30 million per company, participating in various transaction types including buyouts, growth capital, and minority investments. As a registered investment adviser, the firm is committed to expanding its portfolio in the energy sector, leveraging its expertise to support innovation and development across these industries.

Thomas Ambrose

Associate

Eric Christiansen

Principal

Phil Deutch

Founder and CEO

Jason Hicks

Principal

Rodd Macklin

CFO

James Pai

Principal

Edward Rogers

Senior Associate

Bruce Schulman

Managing Partner

24 past transactions

Persefoni

Series B in 2021
Persefoni AI Inc. is a technology company that specializes in carbon footprint accounting and management through its artificial intelligence-based platform. The company offers a software-as-a-service (SaaS) solution designed to measure, analyze, plan, forecast, and report on the carbon footprints of organizations and investment portfolios. Persefoni's platform provides actionable insights, allowing users to effectively manage carbon transactions and inventory. Its services include carbon accounting, planning and forecasting, sustainability reporting, and tools for investor reporting, along with additional modules tailored to various reporting standards and frameworks. The platform is geared towards various stakeholders, including institutional investors, sustainability teams, CFOs, CEOs, board directors, and consultants. Founded in 2020, Persefoni is headquartered in Tempe, Arizona.

LevelTen Energy

Series C in 2021
LevelTen Energy, Inc. operates a renewable energy transaction marketplace that links corporate and industrial power buyers with power purchase agreements (PPAs) from utility-scale wind, solar, and storage projects. Founded in 2016 and based in Seattle, Washington, the company provides a technology-driven platform that enables a diverse range of customers to access renewable energy solutions. By aggregating buyers and sellers, LevelTen allows smaller corporate and industrial customers to engage with the same projects and terms typically available to larger energy purchasers. This innovative approach simplifies the procurement process, helping customers achieve their sustainability goals while stabilizing energy costs and eliminating the complexities of traditional request for proposal (RFP) processes.

Form Energy

Series D in 2021
Form Energy, Inc. specializes in developing long-duration energy storage systems aimed at facilitating the transition from fossil fuels to renewable energy sources. The company focuses on creating low-cost battery solutions capable of storing electricity generated from wind and solar power for extended periods, thereby enhancing the reliability of the electric grid. Its core technology, which includes an innovative iron-air battery, allows for energy dispatch over multiple days, significantly improving the viability of renewable energy as a consistent power source. Founded in 2017 and headquartered in Somerville, Massachusetts, Form Energy also offers Formware, a software tool designed for capacity expansion with advanced optimization capabilities. The company's mission revolves around enabling deep decarbonization of the electric system, ultimately contributing to a more sustainable energy future. Form Energy has garnered support from various investors, including Breakthrough Energy Ventures and MIT’s The Engine.

Orennia

Series A in 2021
Orennia specializes in providing commercial analytics and insights tailored for the renewable and zero-carbon energy sectors. By leveraging advanced technology, the company aggregates and cleanses extensive data related to commercial, engineering, pricing, transmission facilities, and demand. This comprehensive approach allows Orennia to deliver objective insights, empowering investors to make informed capital allocation decisions. With expertise from seasoned industry professionals, Orennia aims to accelerate the investment process in renewable energy, enabling clients to navigate this significant market opportunity with confidence.

Voltus

Series C in 2021
Voltus, Inc. specializes in developing cash-generating energy products aimed at industrial, commercial, and institutional customers. Founded in 2016 and based in San Francisco, the company offers a variety of solutions, including Voltlet, which enables second-level data acquisition and control, and Voltus, an energy cloud software. Additionally, it provides Voltapp, an application designed for real-time energy visibility and management. By leveraging these tools, Voltus helps clients optimize their energy usage, generate revenue, and implement innovative demand response, energy purchasing, and energy efficiency programs.

Persefoni

Series A in 2021
Persefoni AI Inc. is a technology company that specializes in carbon footprint accounting and management through its artificial intelligence-based platform. The company offers a software-as-a-service (SaaS) solution designed to measure, analyze, plan, forecast, and report on the carbon footprints of organizations and investment portfolios. Persefoni's platform provides actionable insights, allowing users to effectively manage carbon transactions and inventory. Its services include carbon accounting, planning and forecasting, sustainability reporting, and tools for investor reporting, along with additional modules tailored to various reporting standards and frameworks. The platform is geared towards various stakeholders, including institutional investors, sustainability teams, CFOs, CEOs, board directors, and consultants. Founded in 2020, Persefoni is headquartered in Tempe, Arizona.

Form Energy

Series C in 2020
Form Energy, Inc. specializes in developing long-duration energy storage systems aimed at facilitating the transition from fossil fuels to renewable energy sources. The company focuses on creating low-cost battery solutions capable of storing electricity generated from wind and solar power for extended periods, thereby enhancing the reliability of the electric grid. Its core technology, which includes an innovative iron-air battery, allows for energy dispatch over multiple days, significantly improving the viability of renewable energy as a consistent power source. Founded in 2017 and headquartered in Somerville, Massachusetts, Form Energy also offers Formware, a software tool designed for capacity expansion with advanced optimization capabilities. The company's mission revolves around enabling deep decarbonization of the electric system, ultimately contributing to a more sustainable energy future. Form Energy has garnered support from various investors, including Breakthrough Energy Ventures and MIT’s The Engine.

Voltus

Series B in 2020
Voltus, Inc. specializes in developing cash-generating energy products aimed at industrial, commercial, and institutional customers. Founded in 2016 and based in San Francisco, the company offers a variety of solutions, including Voltlet, which enables second-level data acquisition and control, and Voltus, an energy cloud software. Additionally, it provides Voltapp, an application designed for real-time energy visibility and management. By leveraging these tools, Voltus helps clients optimize their energy usage, generate revenue, and implement innovative demand response, energy purchasing, and energy efficiency programs.

Zahroof Valves

Series C in 2016
Zahroof Valves Inc. is a privately owned Texas Corporation, with its HQ in Houston, TX. We manufacture and sell Zahroof Performance Valves (ZPV) based on the patent-protected Modular Reed Valve (MRV) technology. ZPVs deliver major value to customers including 5-15% reduction in compressor power, improved reliability with 2x service interval, improved productivity, lowered inventory, ease of service and lowest cost of ownership.

Signum Instruments

Private Equity Round in 2015
Signum Instruments, Inc. is a Houston-based company founded in 2014 that specializes in the manufacture of open-hole formation evaluation tools and related services. The company offers a portfolio of micro slim measuring instruments, including electrical and geo-mechanical equipment, aimed at enhancing data acquisition for unconventional wells. By focusing on these advanced tools, Signum Instruments enables clients in the oil and gas industry to enhance their productivity, optimize well completions, and ultimately increase the net present value of their wells.

GeoDigital

Private Equity Round in 2014
GeoDigital International Inc. specializes in 3D services and geospatial intelligence software, leveraging advanced data collection and spatial intelligence technologies. The company offers GeoDigital Insight, a platform that integrates 3D remote sensing, predictive analytics, and artificial intelligence to enhance the inspection and management of utilities' transmission and distribution assets. This platform enables virtual monitoring of infrastructure, including poles and wires, while also addressing environmental factors. Additionally, GeoDigital develops the Digital Driving Platform, which includes Digital Roads, a comprehensive 3D road map of North America’s highways aimed at supporting autonomous vehicles. This platform features Assist, an onboard software that enhances vehicle safety through accurate positioning, and Connect, which facilitates real-time updates to the digital roads database through crowd sourcing and industrial cloud integration. Founded in 1987 and headquartered in Ottawa, Canada, GeoDigital operates across Canada, the United States, and Australia, and is recognized for its extensive fleet of airborne and mobile LiDAR and digital imaging sensor systems, enabling efficient data collection under challenging conditions.

GeoDigital

Series A in 2014
GeoDigital International Inc. specializes in 3D services and geospatial intelligence software, leveraging advanced data collection and spatial intelligence technologies. The company offers GeoDigital Insight, a platform that integrates 3D remote sensing, predictive analytics, and artificial intelligence to enhance the inspection and management of utilities' transmission and distribution assets. This platform enables virtual monitoring of infrastructure, including poles and wires, while also addressing environmental factors. Additionally, GeoDigital develops the Digital Driving Platform, which includes Digital Roads, a comprehensive 3D road map of North America’s highways aimed at supporting autonomous vehicles. This platform features Assist, an onboard software that enhances vehicle safety through accurate positioning, and Connect, which facilitates real-time updates to the digital roads database through crowd sourcing and industrial cloud integration. Founded in 1987 and headquartered in Ottawa, Canada, GeoDigital operates across Canada, the United States, and Australia, and is recognized for its extensive fleet of airborne and mobile LiDAR and digital imaging sensor systems, enabling efficient data collection under challenging conditions.

Zahroof Valves

Venture Round in 2013
Zahroof Valves Inc. is a privately owned Texas Corporation, with its HQ in Houston, TX. We manufacture and sell Zahroof Performance Valves (ZPV) based on the patent-protected Modular Reed Valve (MRV) technology. ZPVs deliver major value to customers including 5-15% reduction in compressor power, improved reliability with 2x service interval, improved productivity, lowered inventory, ease of service and lowest cost of ownership.

Lehigh Technologies

Venture Round in 2012
Lehigh Technologies is a specialty materials company that transforms end-of-life tires and other post-industrial rubber into high-performance, lower cost, sustainable micronized rubber powders (MRP). These MRPs replace oil- and rubber-based feedstocks in a wide range of industrial and consumer applications, including high performance tires, consumer and industrial plastics, consumer goods, coatings & sealants and construction materials. Lehigh tailors its PolyDyne™ and MicroDyne™ MRPs to customers’ needs to maximize benefits and optimize performance. Lehigh also offers its customers comprehensive Closed-Loop services. Lehigh Technologies operates the world’s largest MRP manufacturing plant just outside of Atlanta, with an annual production capacity of 140 million pounds. Lehigh also has the world’s leading MRP research and development facility, its Application & Development Center.

Community Energy

Series A in 2010
Community Energy, Inc. specializes in the development and construction of renewable energy projects, primarily focusing on solar and wind energy for residential and commercial clients across the United States. Founded in 1999 and headquartered in Radnor, Pennsylvania, with an additional office in Boulder, Colorado, the company has pioneered the market for direct sales of renewable energy, effectively leveraging consumer choice to stimulate demand for new energy projects. Community Energy develops a range of projects, including utility-scale solar installations and community-scale solutions tailored for businesses, universities, and homeowners. Through partnerships with electric utilities and suppliers, the company delivers reliable, carbon-free energy, enabling clients to meet their energy needs sustainably.

LED Engin

Series D in 2010
LED Engin, Inc. is a company based in San Jose, California, that focuses on the development, manufacturing, and sale of LED emitters, optics components, and light source modules. Founded in 2004, it offers innovative products such as the LuxiTune, a tunable white light engine, and various lenses designed for multi-color and white LEDs. Its offerings cater to a diverse range of applications, including architectural, dynamic, entertainment, horticultural, analytical, and curing lighting. The company serves designers and engineers, providing energy-efficient and compact solid-state lighting solutions that allow for versatile design possibilities. LED Engin distributes its products through direct sales channels and partners across multiple regions, including North America, Asia, Europe, and Latin America. It operates as a subsidiary of OSRAM GmbH, enhancing its capabilities in delivering high-quality lighting solutions.

TPI Composites

Series B in 2009
TPI Composites, Inc. manufactures and sells composite wind blades, and related precision molding and assembly systems to original equipment manufacturers. The company also provides composite solutions for the transportation industry. It operates in the United States, Asia, Mexico, Europe, the Middle East, Africa, and India. The company was formerly known as LCSI Holding, Inc. and changed its name to TPI Composites, Inc. in 2008. TPI Composites, Inc. was founded in 1968 and is headquartered in Scottsdale, Arizona.

Southwest Windpower

Series C in 2009
Southwest Windpower has been designing and distributing small wind turbines since 1987 and is the recognized global leader in the design, manufacturing and distribution of small wind systems. A pioneer in wind technology development, Southwest Windpower has built and shipped more than 180,000 wind turbines to over 120 countries worldwide. Headquartered in Broomfield, Colo., the company manufactures in Flagstaff, Ariz. and has operations in Cologne, Germany. The mission of Southwest Windpower is to be a global leader as a responsible designer, producer and provider of wind turbines up to 40kW, offering wind products chosen by customers for their quality, focused technology, performance, reliability, aesthetics, quietness, simplicity and lowest cost of energy.

groSolar

Series B in 2007
groSolar is a company based in Columbia, Maryland, specializing in the development and turnkey engineering, procurement, and construction (EPC) of solar photovoltaic (PV) projects. It serves a diverse clientele, including developers, investors, utilities, and various commercial, government, and institutional clients. With a proven track record, groSolar has designed, built, and installed over 90 megawatts of solar PV systems across more than 2,000 installations throughout the United States.

TPI Composites

Series A in 2007
TPI Composites, Inc. manufactures and sells composite wind blades, and related precision molding and assembly systems to original equipment manufacturers. The company also provides composite solutions for the transportation industry. It operates in the United States, Asia, Mexico, Europe, the Middle East, Africa, and India. The company was formerly known as LCSI Holding, Inc. and changed its name to TPI Composites, Inc. in 2008. TPI Composites, Inc. was founded in 1968 and is headquartered in Scottsdale, Arizona.

DynaPump

Series C in 2007
DynaPump, Inc. specializes in the manufacture, sale, and servicing of surface-mounted artificial lift systems designed for the oil and gas industry, aiming to enhance the production efficiency of oil and gas wells. Established in 1992, the company commenced commercial operations in 1999 and has successfully sold over 400 units across various regions, including North America, South America, and the Middle East. DynaPump's product offerings include pumping units that incorporate hydraulic cylinders, pulley systems, and gas reservoirs, as well as power units featuring hydraulic pump systems and control centers. The company provides support through its own service centers in the United States and utilizes local distributors for international sales and service.

XunLight

Series A in 2007
Xunlight Corporation is a technology spin-off from the University of Toledo that engages in the development, manufacture, and marketing of photovoltaic modules that convert sunlight into electricity.

Southwest Windpower

Series B in 2007
Southwest Windpower has been designing and distributing small wind turbines since 1987 and is the recognized global leader in the design, manufacturing and distribution of small wind systems. A pioneer in wind technology development, Southwest Windpower has built and shipped more than 180,000 wind turbines to over 120 countries worldwide. Headquartered in Broomfield, Colo., the company manufactures in Flagstaff, Ariz. and has operations in Cologne, Germany. The mission of Southwest Windpower is to be a global leader as a responsible designer, producer and provider of wind turbines up to 40kW, offering wind products chosen by customers for their quality, focused technology, performance, reliability, aesthetics, quietness, simplicity and lowest cost of energy.

Lehigh Technologies

Venture Round in 2007
Lehigh Technologies is a specialty materials company that transforms end-of-life tires and other post-industrial rubber into high-performance, lower cost, sustainable micronized rubber powders (MRP). These MRPs replace oil- and rubber-based feedstocks in a wide range of industrial and consumer applications, including high performance tires, consumer and industrial plastics, consumer goods, coatings & sealants and construction materials. Lehigh tailors its PolyDyne™ and MicroDyne™ MRPs to customers’ needs to maximize benefits and optimize performance. Lehigh also offers its customers comprehensive Closed-Loop services. Lehigh Technologies operates the world’s largest MRP manufacturing plant just outside of Atlanta, with an annual production capacity of 140 million pounds. Lehigh also has the world’s leading MRP research and development facility, its Application & Development Center.
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