Ørsted

Ørsted develops and maintains offshore and onshore renewable energy farms, energy storage facilities, and bioenergy plants. The company's vision is a world that runs entirely on green energy. A decade ago, Ørsted initiated its transformation from a black to a green energy company as DONG Energy. Since then, the company reduced its coal consumption by 73% and decided to fully phase out coal by 2023. Ørsted becomes a global leader in offshore wind with a market share of 25%, currently powering 9.5 million people.

5 past transactions

Deepwater Wind

Acquisition in 2018
Deepwater Wind, now known as Ørsted US Offshore Wind, is a developer of offshore wind and transmission projects based in Providence, Rhode Island, with an additional office in New Bedford. Founded in 2005, the company focuses on developing, constructing, operating, and managing utility-scale offshore wind farms throughout the United States. It leverages proven technology to harness ocean winds, providing clean and cost-effective electricity to various East Coast markets, including New York, Massachusetts, Rhode Island, Maryland, and New Jersey. The company is recognized for its experienced management team, which has extensive expertise in global renewable energy and marine projects. In November 2018, Deepwater Wind was rebranded as Ørsted US Offshore Wind, reflecting its status as a subsidiary of Ørsted A/S.

Autogrid

Series D in 2018
AutoGrid Systems organizes energy data and employs big data analytics to generate real-time predictions that create actionable data. The company’s suite of flexibility management applications allows utilities, electricity retailers, renewable energy project developers and energy service providers to deliver cheap, clean and reliable energy by managing networked distributed energy resources (DERs) in real time and at scale. AutoGrid applications utilize petabytes of smart meter, sensor and third-party data, along with powerful data science and high-performance computing algorithms, to monitor, predict, optimize and control the operations of millions of assets connected across global energy networks. Established at Stanford University in 2011, they have assembled a team of world-class software architects, electrical and computer engineers, data scientists and energy experts who apply cutting-edge analytics and in-depth energy data science to solve the world’s most critical energy problems.

Lincoln Clean Energy

Acquisition in 2018
LCE is a developer, owner, and operator of clean power projects with a particular focus on wind and solar power in the United States. LCE has successfully developed projects involving over $2 billion in capital investment in some of the largest electricity markets in the US (including Texas, California and New Jersey). In late 2015 LCE was acquired by I Squared Capital through its $3 billion ISQ Global Infrastructure Fund. Following this transaction, LCE is now positioned to be the long term owner of the projects it develops. Building on its strong track record in project development, LCE plans to deploy in excess of $250 million of equity capital as it builds out its backlog of development projects.

Volta Charging

Series C in 2018
Volta Charging is a marketing and advertising company that designs, installs, and maintains a network of electric vehicle charging stations funded by sponsor brands. The company provides a valuable community amenity in markets across the U.S. helping brands meet consumers at the optimal moment of the purchase decision. It was founded in 2010 and is headquartered in San Francisco, California.

Carbon Trust

Venture Round in 2016
Our mission is to accelerate the delivery of a sustainable, low carbon economy by helping businesses, governments and organisations across the globe to reduce carbon emissions and increase resource efficiency. We have a global team of more than 200 sustainability experts, including engineers, financiers and policy specialists, and almost two decades of experience in the climate change sector. We reinvest surpluses from group commercial activities into our mission.
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