NGP Energy Capital Management

NGP Energy Capital Management is a private equity and venture capital firm focusing on energy investments. Founded in 1988 and headquartered in Irving, Texas, with offices in Houston, London, Santa Fe, and Stamford, it manages a family of energy-focused funds. The firm invests across the energy value chain, including oil and gas exploration and production, midstream, oilfield services, energy efficiency, alternative energy, natural gas gathering and processing, and power technology, as well as related areas such as water resources, food and agriculture, and coastal protection. It targets a range of capital events from seed and startup funding to growth equity, middle-market and later-stage buyouts, and may co-invest in direct oil and gas property interests alongside portfolio companies. Typical investments span from a few million to several hundred million dollars, with a North American focus and selective international opportunities. The firm aims to partner with management teams to support growth and help navigate the challenges of the energy industry.

Chris Carter

Managing Partner

Eric Christiansen

Principal

Phil Deutch

Founder and CEO

Patrick McWilliams

Partner

Sam Stoutner

Partner

Past deals in Wind Energy

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.

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.

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.

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.

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.

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.

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.

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.

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.
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