Shell Ventures

ElectronX develops an energy exchange platform designed to stabilize short-term electricity pricing. It offers centrally cleared power derivatives, enabling utilities, traders, and independent power producers to effectively manage intraday price risks.

Zap Energy, Inc. is a Seattle-based company that specializes in the design and manufacture of sheared-flow stabilized Z-Pinch fusion reactors for power generation. Founded in 2017, the company focuses on developing compact and scalable fusion technology that offers low-carbon, cost-effective, and flexible energy solutions. Unlike conventional fusion methods, Zap Energy's approach utilizes electric current to create magnetic fields that confine and compress plasma, enhancing the stability and efficiency of the fusion process. This innovative technology aims to provide sustainable energy while requiring less capital investment compared to traditional fusion systems.

Pavakaḥ Energy is a semiconductor company that specializes developing with sustainable solar energy solutions.

Voltreum is a technology company that develops a blockchain-based platform for decentralized renewable energy trading. It focuses on decarbonization by utilizing clean energy sources, digitization through smart meters, decentralization of grids, and democratization by enabling users to save, share, or sell their excess energy, providing them with autonomy in energy management.

Husk Power Systems Pvt. Ltd. is a renewable energy company based in Patna, India, that focuses on generating and distributing electricity to households, community services, small businesses, and factories. Founded in 2007, the company utilizes biomass waste—such as rice husks and other agricultural residues—to produce electricity through its proprietary technology. Husk Power Systems designs and operates mini-power plants and micro-grids, offering electricity as a pay-for-use service primarily to rural areas. This approach not only provides reliable lighting, reducing reliance on kerosene, but also fosters economic development by enabling microenterprises and the use of electricity-operated machinery. By creating a sustainable energy ecosystem at each power plant, Husk Power Systems aims to deliver shared value to its stakeholders and stimulate local economies.

Kraftblock develops thermal energy storage solutions using advanced materials to support the transition to low-emission industrial heating. The company designs systems that decarbonize heat processes in industrial sectors by storing and supplying thermal energy at high temperatures, enabling applications not possible with conventional storage. Its platform enables large-scale, long-duration energy storage for industries, facilitating sustainable thermal processes and supporting renewables by providing affordable, controllable heat throughout the day. Kraftblock emphasizes efficiency and sustainability, aiming to reduce emissions and advance practical energy transition in industrial settings.

Mainspring Energy, Inc. is a technology company based in Menlo Park, California, that specializes in developing linear generator technology for low carbon, dispatchable energy solutions. Founded in 2010 by three Stanford engineers, the company focuses on creating advanced prototypes that convert fuel into electricity through a unique, low-temperature reaction of air and fuel. This innovative approach allows Mainspring to offer generators that provide affordable, reliable electricity while significantly reducing carbon emissions compared to traditional electric grids. The company's mission is to address climate change and enhance energy accessibility, contributing to the development of net-zero carbon energy systems for the future.

Aurora Hydrogen develops clean, scalable hydrogen production technology that utilizes microwave energy to decarbonize transportation and industrial processes. The technology is designed to be adaptable for installations ranging from small fueling stations to large industrial facilities, aims to produce hydrogen with no carbon dioxide emissions and minimal water consumption, and seeks to reduce global carbon emissions through widespread deployment.

Zap Energy, Inc. is a Seattle-based company that specializes in the design and manufacture of sheared-flow stabilized Z-Pinch fusion reactors for power generation. Founded in 2017, the company focuses on developing compact and scalable fusion technology that offers low-carbon, cost-effective, and flexible energy solutions. Unlike conventional fusion methods, Zap Energy's approach utilizes electric current to create magnetic fields that confine and compress plasma, enhancing the stability and efficiency of the fusion process. This innovative technology aims to provide sustainable energy while requiring less capital investment compared to traditional fusion systems.

Flair makes smart vents and wireless thermostats and advanced software for residential heating and cooling. The company builds smart hardware and software for HVAC controls focused on efficiency, comfort, electrification, and smart grid integration. The company's products are sold through multiple channels including direct to consumer, HVAC distribution, and utilities.

GridPoint specializes in comprehensive energy management solutions. It offers hardware for monitoring energy endpoints like HVAC and lighting systems, along with a cloud-based software platform for real-time data collection and analytics. The company serves various industries such as retail, commercial buildings, and government institutions, helping them optimize energy usage and reduce costs.

Noova is a energy technology company that has been enabling thousands of businesses to become more efficient, sustainable, and profitable. On average, our customers reduce their energy consumption by 12.68%, with some achieving reductions of up to 55%. By employing advanced technology to monitor, analyze, and identify unnecessary energy consumption, businesses are empowered to make more informed investment choices. Because when you know more, you can use less.

Heaten is an industrial startup specializing in high-temperature heat pump technology. With over eight years of R&D, they focus on accelerating the electrification of heat in industries, aiming to reduce carbon emissions while providing viable technical and economic solutions for industrial heating processes.

AutoGrid Systems is a technology company focused on optimizing energy management through advanced data analytics. Founded in 2011 at Stanford University, AutoGrid develops a suite of flexibility management applications that help utilities, electricity retailers, renewable energy developers, and energy service providers manage distributed energy resources (DERs) in real time. By leveraging vast amounts of smart meter, sensor, and third-party data, the company's applications utilize sophisticated algorithms to monitor, predict, optimize, and control the operations of numerous assets connected to global energy networks. With a team of skilled software architects, engineers, data scientists, and energy experts, AutoGrid aims to address critical energy challenges by integrating and maximizing the potential of the energy internet, ensuring the delivery of clean, affordable, and reliable energy.

Zypp Electric is a company focused on transforming last-mile delivery through its electric vehicle (EV) solutions, primarily utilizing e-scooters. It operates an app that facilitates the delivery of goods across various sectors, including e-commerce, grocery, medicine, and food, promoting a shift to electric transportation to reduce emissions. By offering a dockless e-scooter sharing service, Zypp enables users to locate and access vehicles easily, enhancing convenience and affordability for deliveries. The company's commitment to sustainability has positioned it as a pioneer in the EV logistics sector, achieving EBITDA-positive status through its innovative approach to decarbonizing transportation and making last-mile delivery more efficient.

LO3 Energy develops and operates Pando, a marketplace that connects energy suppliers with customers to create, deploy, and monetize energy products and services for retail utility and energy sectors. It builds tools and projects to accelerate the distributed energy economy, including blockchain-based platforms for community microgrids that enable utility and energy retail clients to form differentiated offerings in open, competitive electricity markets. The company focuses on technology and business development around decentralized energy models and computation sharing, supporting the proliferation of distributed energy resources and related services. Headquartered in Portland, Oregon, LO3 Energy was founded in 2012.

Nirvana Energy Systems develops innovative home energy systems that generate electricity and heat from clean natural gas. Their core product is an efficient micro-combined heat and power system designed for residential use, converting gas into electricity while providing domestic water and space heating. This solution enables users to save money on utility bills and reduce carbon emissions.

I6 Group specializes in digital fuel management solutions for the aerospace industry. Founded in 2013, it offers a cloud-based platform that streamlines refueling processes, improves operational efficiency, and reduces costs and emissions. The company serves airlines, airports, and other stakeholders across the globe.

Palmetto is a clean technology company that specializes in building and operating solar energy projects for residential, commercial, and utility customers. Founded in 2009 and headquartered in Charleston, South Carolina, Palmetto designs and installs solar systems while providing a range of services, including customer support, financing, engineering, permitting, and installation. The company offers innovative software solutions such as Palmetto Home, which enables homeowners to monitor real-time energy consumption and solar production, and Palmetto Fleet, which provides energy monitoring insights for home management professionals. Additionally, Palmetto's Alchemy platform enhances the sales experience for solar professionals by streamlining the sales, design, and proposal processes. With additional offices in locations such as San Francisco, Sea Girt, Charlotte, Washington, and Greenville, Palmetto is committed to advancing clean energy technology and improving energy efficiency.

Energos develops a unified platform and edge AI for managing EV charging infrastructure and microgrids. The company's platform enables seamless integration with various electric vehicle chargers, storage systems, PV systems, HVAC, and other technologies. This allows retailers such as fuel service stations, convenience stores, EV charging and battery swap stations, hydrogen and CNG stations, and utilities to establish and manage multiple energy choices for EV car owners.

The Sustainability Cloud offers a software platform focused on enhancing transparency and compliance in environmental, social, and governance (ESG) reporting. It streamlines data collection, analysis, and reporting processes to aid companies in adopting sustainable practices and improving their environmental footprint. The platform also provides educational resources for users to become certified in sustainability.

FORGE Hydrocarbons produces drop-in renewable fuels using its proprietary Lipid-to-Hydrocarbon (LTH) technology. This process transforms waste fats and oils into hydrocarbons indistinguishable from petroleum-based ones, without requiring a catalyst or hydrogen. The company serves the renewable energy and transportation sectors.

Orb Energy specializes in providing affordable renewable energy solutions to off-grid households in India. It offers solar home systems priced at USD 4 per month, reaching low-income customers through a robust retail distribution network comprising 90 branches. The company aims to expand its reach by doubling its branches and employees within two years, targeting an additional 250,000 people.

Punjab Renewable Energy Systems Private Limited specializes in the biomass sector, focusing on the plantation, procurement, storage, processing, and supply of biomass for energy production. Founded in 2011 and located in Navi Mumbai, India, the company provides a variety of bio-energy services, including biomass assessment, technical consultation, pellet production, and supply chain management. It also offers comprehensive services such as industrial boiler operations and maintenance, steam supply contracts, and conversion of agricultural waste into bio-CNG. Through its efficient supply chain management systems, Punjab Renewable Energy Systems supports independent power plants and co-generation facilities by ensuring a reliable and organized supply of biomass tailored to their energy needs.

Sense Labs, Inc. is a technology company based in Cambridge, Massachusetts, specializing in home energy monitoring solutions. Established in 2013, the company develops and manufactures electronic devices that analyze electricity usage in households. Its flagship product, Sense, utilizes current sensors installed on main breakers to capture the electronic signatures of various appliances. This system employs advanced algorithms to identify and differentiate individual devices, providing users with insights into their energy consumption. Sense also offers a range of related products, including Sense Solar, add-on sensors, and various replacement components. The data collected by these devices is transmitted to users via a dedicated mobile application, enhancing the home automation experience.

SteamaCo is a developer of an Internet of Things-based metering platform that provides utility management services to underserved energy consumers. The company's innovative system enables utilities to operate in remote areas where connectivity is limited and operational costs are high. By integrating with the distribution network, SteamaCo's platform effectively gathers and analyzes data to identify issues such as energy theft and meter bypass. Additionally, it manages the entire distribution grid through a field force automation application, helping clients to minimize losses and deliver clean, reliable, and low-cost energy solutions. Through its data-efficient energy management system, SteamaCo addresses the challenges faced by two billion individuals who lack access to adequate energy resources.

LO3 Energy develops and operates Pando, a marketplace that connects energy suppliers with customers to create, deploy, and monetize energy products and services for retail utility and energy sectors. It builds tools and projects to accelerate the distributed energy economy, including blockchain-based platforms for community microgrids that enable utility and energy retail clients to form differentiated offerings in open, competitive electricity markets. The company focuses on technology and business development around decentralized energy models and computation sharing, supporting the proliferation of distributed energy resources and related services. Headquartered in Portland, Oregon, LO3 Energy was founded in 2012.

Founded in 2013, Innowatts specializes in data analytics for the energy sector. Its eUtility™ platform leverages machine learning and meter-level data to help energy retailers and utilities worldwide manage grids, enhance profitability, improve customer relationships, and promote sustainability.

AutoGrid Systems is a technology company focused on optimizing energy management through advanced data analytics. Founded in 2011 at Stanford University, AutoGrid develops a suite of flexibility management applications that help utilities, electricity retailers, renewable energy developers, and energy service providers manage distributed energy resources (DERs) in real time. By leveraging vast amounts of smart meter, sensor, and third-party data, the company's applications utilize sophisticated algorithms to monitor, predict, optimize, and control the operations of numerous assets connected to global energy networks. With a team of skilled software architects, engineers, data scientists, and energy experts, AutoGrid aims to address critical energy challenges by integrating and maximizing the potential of the energy internet, ensuring the delivery of clean, affordable, and reliable energy.

RightWatts is a developer of an open platform for industrial applications aimed at transforming the energy and automation market for industries, buildings, utilities, and data centers. The company offers a flexible, modular, and self-service approach, transitioning from traditional, high-cost, OEM-driven industrial systems to a more agile industrial apps market. RightWatts enables service providers to build, deploy, and replicate complex industrial applications by leveraging cutting-edge technologies such as IoT, cloud computing, analytics, and artificial intelligence. This integrated platform allows clients to consolidate their various systems into a unified application environment, enhancing efficiency and reducing operational costs.

Sense Labs, Inc. is a technology company based in Cambridge, Massachusetts, specializing in home energy monitoring solutions. Established in 2013, the company develops and manufactures electronic devices that analyze electricity usage in households. Its flagship product, Sense, utilizes current sensors installed on main breakers to capture the electronic signatures of various appliances. This system employs advanced algorithms to identify and differentiate individual devices, providing users with insights into their energy consumption. Sense also offers a range of related products, including Sense Solar, add-on sensors, and various replacement components. The data collected by these devices is transmitted to users via a dedicated mobile application, enhancing the home automation experience.

SunFunder Inc. is a solar energy finance company based in San Francisco, California, that specializes in providing various forms of financing to solar energy enterprises, particularly in emerging markets. Founded in 2012, the company offers short-term working capital, inventory, construction, and structured finance loans to solar product distributors, manufacturers, and project developers primarily in East and West Africa, as well as Asia. SunFunder's mission is to catalyze the development of solar energy infrastructure by leveraging its expertise in the solar market and facilitating efficient due diligence processes. By acting as a financial intermediary, SunFunder enables investors to engage in high-impact, fixed-income debt offerings that support the growth of solar assets in regions with inadequate energy access.

Sonnen is a developer of solar-based energy storage systems that provides clean and affordable energy solutions for residential homes, agricultural farms, and commercial enterprises. Established in 2011, the company launched the Sonnenbatterie, one of the first intelligent lithium storage systems in the German and Austrian markets. Sonnen's products not only focus on energy storage but also include features such as active energy management, smart metering, and integration with virtual power plants. These systems allow users to optimize energy use, save money by utilizing energy generated from solar photovoltaic systems or the grid, and manage their home automation platforms effectively.

Husk Power Systems Pvt. Ltd. is a renewable energy company based in Patna, India, that focuses on generating and distributing electricity to households, community services, small businesses, and factories. Founded in 2007, the company utilizes biomass waste—such as rice husks and other agricultural residues—to produce electricity through its proprietary technology. Husk Power Systems designs and operates mini-power plants and micro-grids, offering electricity as a pay-for-use service primarily to rural areas. This approach not only provides reliable lighting, reducing reliance on kerosene, but also fosters economic development by enabling microenterprises and the use of electricity-operated machinery. By creating a sustainable energy ecosystem at each power plant, Husk Power Systems aims to deliver shared value to its stakeholders and stimulate local economies.

ArSta eco is an eco-technology company focused on transforming waste into valuable sustainable products, including biocarbon, biochar, and sustainable charcoal. By utilizing advanced technology, such as a pyrolysis reactor, ArSta eco converts agricultural waste into various synthetic fuels and carbon products, promoting effective waste recycling. The company's mission emphasizes the importance of sustainable resource usage to meet current needs while ensuring that future generations can thrive. By integrating modern technology with traditional techniques, ArSta eco aims to maximize resource efficiency and contribute to carbon sequestration, addressing both environmental sustainability and the necessity for essential resources like food, water, and energy in society.

SteamaCo is a developer of an Internet of Things-based metering platform that provides utility management services to underserved energy consumers. The company's innovative system enables utilities to operate in remote areas where connectivity is limited and operational costs are high. By integrating with the distribution network, SteamaCo's platform effectively gathers and analyzes data to identify issues such as energy theft and meter bypass. Additionally, it manages the entire distribution grid through a field force automation application, helping clients to minimize losses and deliver clean, reliable, and low-cost energy solutions. Through its data-efficient energy management system, SteamaCo addresses the challenges faced by two billion individuals who lack access to adequate energy resources.

Founded in 2013, Innowatts specializes in data analytics for the energy sector. Its eUtility™ platform leverages machine learning and meter-level data to help energy retailers and utilities worldwide manage grids, enhance profitability, improve customer relationships, and promote sustainability.

Sense Labs, Inc. is a technology company based in Cambridge, Massachusetts, specializing in home energy monitoring solutions. Established in 2013, the company develops and manufactures electronic devices that analyze electricity usage in households. Its flagship product, Sense, utilizes current sensors installed on main breakers to capture the electronic signatures of various appliances. This system employs advanced algorithms to identify and differentiate individual devices, providing users with insights into their energy consumption. Sense also offers a range of related products, including Sense Solar, add-on sensors, and various replacement components. The data collected by these devices is transmitted to users via a dedicated mobile application, enhancing the home automation experience.

Kite Power Systems, founded in 2011 in Burnham-on-Crouch, Essex, UK, is focused on developing innovative technology to harness wind energy through a twin-kite system. This system is designed to be reliable and efficient, aiming to deliver clean, low-cost energy at a utility scale while utilizing 85 percent less material than traditional wind turbines. The company's approach allows for deployment in areas where conventional wind energy solutions may not be viable, thereby broadening access to renewable energy sources. Kite Power Systems has been engaged in continuous testing and development of its technology and has received support from the UK Department of Energy and Climate Change Energy Entrepreneurs Fund, as well as various private sector investors. The company’s mission is to reduce dependency on fossil fuels and mitigate climate change by providing an economical alternative to existing wind energy solutions.

Geli, or Growing Energy Labs, Inc., specializes in providing software and business solutions for the design, automation, and management of energy storage systems. The company offers a comprehensive suite of products that facilitates an ecosystem for project developers, original equipment manufacturers, financiers, and project operators. Geli's hardware-agnostic software platform streamlines the energy storage development process, allowing clients to efficiently deploy advanced energy projects while minimizing their environmental impact.

Founded in 2012, Quantico Energy Solutions specializes in providing data-driven solutions for the oil and gas industry. Based in Houston, Texas, the company focuses on enhancing shale resource development worldwide through predictive analytics. Its key offerings include QLog, which generates synthetic logs for horizontal and vertical wells, and QFrac, a service that recommends engineered completion designs based on geomechanical property interpretations.

WellDog, founded in 1999, is an energy-focused technical services company specializing in innovative technologies for sustainable energy resource development. The company has established itself as a leader in providing advanced chemical and natural gas exploration services aimed at the efficient and responsible management of carbon-sensitive activities. WellDog's proprietary Reservoir Raman chemical sensing systems deliver commercial reservoir analysis for various energy resources, including coal, gas, and alternative energy sources. By offering carbon tracking and geophysical processes, WellDog enables gas exploration companies to improve production efficiency while minimizing environmental impact and reducing greenhouse gas emissions. The company is recognized for its ability to adapt cutting-edge technology to address key challenges in resource evaluation and production, ultimately enhancing safety and profitability for energy producers.

GlassPoint Solar, Inc. designs, manufactures, and installs solar thermal steam generators specifically for the oil and gas industry. By providing solar steam for enhanced oil recovery applications, the company significantly reduces gas consumption, achieving reductions of up to 80 percent compared to traditional gas-fired steam generation. GlassPoint serves a diverse clientele, including independent producers, national oil companies, and various manufacturing sectors, with a focus on regions such as Southern California, North Africa, Western China, and Madagascar. Established in 2008 and headquartered in Fremont, California, GlassPoint Solar operates regional offices in Muscat, Oman; Kuwait City, Kuwait; Bakersfield, California; Santiago, Chile; and Shenzhen, China. The company was previously known as CleanBoard, Inc. before rebranding in October 2009.

Next Step Living provides home energy evaluations and solutions for individuals and organizations. It offers energy assessment and diagnostics, air sealing and insulation, and multi-family retrofit services. The company also provides customized solutions, such as HVAC repair and replacement, window replacement and installation, solar or geothermal systems installation, building automation, interior and exterior lighting design, and custom retrofit services. Its sustainability solutions include water efficiency and purification, landscape design and management, and indoor air quality services. The company provides assessment and diagnostic processes to heating and cooling, domestic hot water, and electricity and lighting needs. Next Step Living partners with more than 400 municipalities, civic organizations, contractors, and corporations to deliver energy-efficient and environmental-friendly solutions to its customers. Those solutions include home energy assessments, weatherization work, energy-efficient windows, efficient heating, and cooling solutions, and access to solar solutions. Next Step Living was founded in 2008 by Geoff Chapin and is based in Boston, Massachusetts.

2B Energy focuses on the design and development of offshore wind turbines and power plants, aimed at reducing costs and promoting sustainability in the wind energy sector. The company provides fully integrated solutions that include innovative tower and foundation designs, which facilitate efficient hoisting processes and optimize rotor orientation for accessing turbines in deep waters. By enhancing the performance and efficiency of offshore wind generation, 2B Energy enables its clients to lower power generation costs while contributing to the production of sustainable energy.

SURGE Accelerator, based in Houston, Texas, is a prominent seed fund and mentor-driven accelerator focused on supporting entrepreneurs who are tackling global energy challenges. With a network of top industry experts and investors, SURGE offers a 4-month program designed to validate business models, facilitate customer connections, and prepare startups for fundraising. SURGE provides essential support through market validation, scaling operations, and raising capital stages, culminating in a pitch day where companies present to a targeted audience of investors, executives, and media. Since its inception in 2012, portfolio companies have collectively raised over $25M in Seed and Series A funding. Join SURGE to take your business to the next level and make a positive impact in the energy sector. Applications are open for the next program cycle, offering startups $30K in seed capital.

GlassPoint Solar, Inc. designs, manufactures, and installs solar thermal steam generators specifically for the oil and gas industry. By providing solar steam for enhanced oil recovery applications, the company significantly reduces gas consumption, achieving reductions of up to 80 percent compared to traditional gas-fired steam generation. GlassPoint serves a diverse clientele, including independent producers, national oil companies, and various manufacturing sectors, with a focus on regions such as Southern California, North Africa, Western China, and Madagascar. Established in 2008 and headquartered in Fremont, California, GlassPoint Solar operates regional offices in Muscat, Oman; Kuwait City, Kuwait; Bakersfield, California; Santiago, Chile; and Shenzhen, China. The company was previously known as CleanBoard, Inc. before rebranding in October 2009.