Shell E4

Shell E4, established in 2017, is a Bengaluru-based accelerator focused on fostering clean technology and sustainability ventures. It invests in and supports startups working on solutions such as waste management, plastic circularity, carbon capture, and decarbonization technologies, aligning with Shell's broader commitment to a lower-carbon future.

Bilal Ahmad

Venture Principal

Peter van Giessel

Venture Principal

Robert Linck

CFO and Chief Investment Director

Hector MacQuarrie

Venture Principal

Geert van de Wouw

Managing Director

Quennie Co

Managing Director and Managing Partner

Past deals in Renewables

Electronx

Seed Round in 2025
ElectronX is a developer of an electricity exchange platform designed to facilitate the transition of the U.S. grid to renewable energy sources. As demand for electricity grows and the grid increasingly incorporates intermittent renewable resources, the company aims to support power providers, consumers, and industry innovators in navigating the complexities of the modern power market. ElectronX's platform enables participants to hedge risks associated with volatile short-term electricity prices and to monetize their power assets effectively. By smoothing the financial pathways for the adoption of renewables, ElectronX plays a crucial role in advancing the clean energy transition.

Origen

Series A in 2025
Origen Carbon Solutions specializes in scalable limestone-based direct air capture technology aimed at permanently reducing atmospheric CO2 levels. By leveraging the properties of limestone, the company focuses on carbon removal and industrial applications that allow for the efficient sequestration of carbon dioxide. Origen's innovative platform transforms limestone into lime and high-purity CO2, providing an economically viable method for industries to remove carbon dioxide from the air. Through collaboration with various stakeholders, Origen strives to restore the atmosphere and address the impacts of climate change.

HYDROGEN Mem-Tech

Venture Round in 2024
Hydrogen Mem-Tech specializes in advanced hydrogen separation technology that incorporates carbon capture. The company develops palladium membranes that efficiently capture carbon dioxide while facilitating the production of clean hydrogen. This innovative technology is designed for a variety of applications, including refineries, bio-refineries, chemical plants, steel production, power generation, gas networks, and agriculture. By providing sustainable energy solutions with zero emissions, Hydrogen Mem-Tech aims to support industries in making a green transition while minimizing maintenance costs and environmental impact.

Zap Energy

Series D in 2024
Zap Energy, Inc., founded in 2017 and headquartered in Seattle, Washington, specializes in the design and manufacture of sheared-flow stabilized Z-Pinch fusion reactors for power generation. The company’s innovative technology utilizes electric currents to create magnetic fields that confine and compress plasma, enabling efficient energy production through nuclear fusion. This approach offers a low-carbon, cost-effective, and flexible power source while requiring less capital investment compared to traditional fusion methods. By focusing on compact and scalable fusion technology, Zap Energy aims to advance sustainable energy solutions and improve the economics of fusion energy.

Mantel

Series A in 2024
Mantel is focused on developing innovative carbon capture technology aimed at reducing carbon dioxide emissions and achieving net-negative emissions. The company's method captures CO2 before it can enter the atmosphere, utilizing low energy processes to enhance efficiency. Designed for integration within boilers, kilns, and furnaces, Mantel's technology leverages biomass waste and residue to facilitate significant carbon removal. This approach addresses sustainability challenges while utilizing liquid-phase chemistry applicable across various sectors, including industrial heat, steel, and chemicals. By enabling clients to lower their costs associated with carbon capture and storage, Mantel plays a crucial role in the transition towards a more sustainable future.

Strohm

Venture Round in 2024
Strohm is a private supply chain company specializing in the offshore wind-to-hydrogen sector. It manufactures fully bonded, thermoplastic composite pipes designed for various applications in the offshore oil and gas industry. The company's product offerings include downlines, well intervention hoses, jumpers, spools, offshore flowlines, and risers. Strohm's composite pipes are lightweight, high-strength, and corrosion-resistant, providing significant cost and operational advantages for subsea intervention and production applications.

Li Industries

Series B in 2024
Li Industries is a start-up dedicated to advancing lithium-ion battery recycling technologies. The company focuses on reclaiming materials from end-of-life batteries used in electric vehicles, consumer electronics, and various energy storage systems. By utilizing direct recycling technology, Li Industries specializes in recovering valuable metals such as lithium, cobalt, and nickel, which are essential for battery production. Their innovative electrochemical flow system allows for non-destructive lithiation and optimizes the post-treatment of recovered materials, enhancing the efficiency of the recycling process. Through its efforts, Li Industries aims to minimize environmental waste, lower emissions, and reduce the costs associated with lithium-ion battery manufacturing, thereby promoting a more sustainable supply chain for battery materials.

Soly

Series B in 2024
Soly is an international Clean Energy Tech company with a mission to make solar energy available to everyone. The company was founded in the summer of 2013 by brothers Patrick and Milan van der Meulen. The brothers were inspired at a young age by Al Gore’s documentary “An Inconvenient Truth” and have since decided to use their entrepreneurship ‘As a force for good’. The company is today one of the European market leaders in the field of decentralized energy generation and storage through solar panels, batteries and charging stations. Soly focuses on the residential and business markets and is active in the Netherlands, South Africa (2019), Belgium (2022), Germany (2023) and the United Kingdom (2023). By developing its proprietary software platform, Soly is one of the most capital-efficient energy providers, with only 140 employees across five countries. The Soly platform won a spot in the Deloitte Technology Fast50 in 2021. Soly is an impact driven company and since 2018 B Corp certified. B Corp is an international label for companies that strive for the highest standards of sustainability, financial transparency, and social justice.

Pavakaḥ Energy

Seed Round in 2024
Pavakaḥ Energy is a semiconductor company that specializes developing with sustainable solar energy solutions.

Voltreum

Seed Round in 2024
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.

Ecoil

Venture Round in 2023
Ecoil is an oil recycling company focused on converting agricultural waste into sustainable energy solutions. The company collects used cooking oil from restaurants and processes it into biodiesel, thereby addressing the need for proper disposal and recycling of waste oils and fats. By providing this service, Ecoil not only helps businesses manage their waste effectively but also contributes to reducing environmental impact and promoting a more sustainable future. Through its efforts, Ecoil aims to support environmentally and socially responsible practices in energy generation.

Agricarbon

Series A in 2023
Agricarbon specializes in soil carbon measurement services aimed at enhancing climate mitigation and resilience within food systems. By utilizing robotics and artificial intelligence, the company automates the quantification of soil carbon stock. This innovation provides farmers, landowners, and businesses with valuable insights into their soil carbon levels, facilitating participation in carbon markets and creating opportunities for agricultural carbon dioxide removal. Agricarbon's approach not only supports environmental sustainability but also empowers stakeholders to make informed decisions regarding soil management and carbon capture.

Ionomr Innovations

Series A in 2023
Ionomr Innovations Inc. is a Vancouver-based company specializing in the design, adaptation, and manufacture of advanced ion-exchange membranes and polymer technologies. Founded in 2013, Ionomr focuses on creating environmentally friendly materials that replace toxic fluorinated chemicals often used in electrochemical applications. Its flagship product line, Aemion, is designed for various applications, including water treatment, energy storage, and clean energy generation. The company’s innovative membranes are known for their alkaline stability, strength, and performance, enabling optimal integration into electrochemical systems. By providing solutions that enhance efficiency and reduce environmental impact, Ionomr aims to support the decarbonization of the planet and foster the development of sustainable systems in the renewable energy and circular chemical economies. Additionally, Ionomr offers chemical engineering services to further support its clients in achieving their operational goals.

Princeton NuEnergy

Series A in 2023
Princeton NuEnergy is a clean-tech startup specializing in the direct recycling of lithium-ion batteries from electric vehicles and consumer electronics. The company utilizes patented Direct Battery Recycling technology to produce high-quality cathode active materials at low operating costs from spent batteries. This innovative process allows for the regeneration of cathodes, anodes, electrolytes, solvents, and other materials, enabling clients to restore battery components without fully breaking down their chemical structures. By providing sustainable energy solutions, Princeton NuEnergy addresses environmental challenges associated with battery waste and promotes a circular economy in the battery industry.

Husk Power Systems

Series D in 2023
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.

Xcharge

Series C in 2023
XCharge is a prominent provider of high-power electric vehicle (EV) charging solutions, established in 2015. The company focuses on the design, manufacturing, and sales of advanced EV charging infrastructure, including its C6 and C7 series of DC fast chargers and the Net Zero Series, which integrates battery storage technology. XCharge aims to enhance the EV charging experience for energy companies, fleet operators, and parking lot managers across over 25 countries. By combining hardware and software solutions, the company seeks to maximize charging revenue while minimizing maintenance costs. Its innovative approach allows for scalable, cost-effective installations tailored for diverse grid conditions, facilitating a smoother transition to clean transportation in North America. With a team of experienced professionals, XCharge is dedicated to addressing the challenges of EV infrastructure and promoting sustainable energy practices.

Kraftblock

Series B in 2023
Kraftblock specializes in developing innovative thermal energy storage systems that facilitate the transition to renewable energy for various industries. By focusing on a materials-development approach, the company offers efficient and sustainable solutions for decarbonizing heat processes, addressing the urgent need to combat the climate crisis. Kraftblock's unique technology enables the storage and delivery of heat at temperatures up to 1300°C, making it suitable for a wide range of industrial applications that traditional thermal storage systems cannot support. In addition to promoting sustainable practices, Kraftblock's systems also enhance safety by providing reliable solutions during fire outbreaks, positioning the company as a key player in the energy transition towards 100% renewable sources.

Verdagy

Series B in 2023
Verdagy is focused on advancing water electrolysis technology to enable large-scale production of green hydrogen. Based in Moss Landing, California, the company develops high-performance cells, electrolyzers, and plants aimed at achieving low upfront capital and operating costs. Their innovative approach positions them to offer competitive unit economics in hydrogen production, making it more accessible for various industries to adopt clean energy solutions. Verdagy operates laboratory and pilot plant facilities to support the rapid scaling of its technology platform.

DexMat

Seed Round in 2023
DexMat specializes in the production of Galvorn, a high-performance conductive carbon nanomaterial that surpasses traditional materials in strength, weight, and durability. Galvorn is ten times stronger than steel, half the weight of aluminum, and offers a flex life that is one hundred times greater than copper. This innovative material is designed to replace heavy and environmentally damaging metals across various industries, including sporting goods, e-textiles, electronics, energy, aerospace, and automotive sectors. DexMat manufactures Galvorn as fibers, yarns, films, and fabrics, providing a lightweight and flexible alternative to conventional metals. The company's commitment to sustainability is evident in its carbon-negative production processes, positioning Galvorn as a key player in reducing carbon emissions on a global scale.

SiriNor

Seed Round in 2023
SiriNor is a manufacturing company focused on developing electric jet engines. Their primary goal is to reduce greenhouse gas emissions in the aviation industry. The company's innovative engine design offers electric propulsion and a wide range of applications, from unmanned aerial vehicles to aircraft, catering to various thrust requirements. This technology aims to democratize jet engine manufacturing, break existing technological monopolies, and facilitate large-scale decarbonization in aviation.

Strohm

Venture Round in 2022
Strohm is a private supply chain company specializing in the offshore wind-to-hydrogen sector. It manufactures fully bonded, thermoplastic composite pipes designed for various applications in the offshore oil and gas industry. The company's product offerings include downlines, well intervention hoses, jumpers, spools, offshore flowlines, and risers. Strohm's composite pipes are lightweight, high-strength, and corrosion-resistant, providing significant cost and operational advantages for subsea intervention and production applications.

RepAir

Series A in 2022
RepAir is at the forefront of advancing a carbon-negative future through its innovative carbon removal technology. The company has developed an electrochemical device that effectively captures carbon dioxide from the atmosphere by utilizing electricity. This process involves drawing in ambient air and passing it through a specialized membrane that selectively separates carbon dioxide, allowing clean air to be released back into the environment. RepAir's fully electric and zero-heat technology is designed for large-scale deployment, emphasizing environmental sustainability while minimizing energy consumption. Importantly, the system operates without the use of liquids, solvents, or hazardous materials, producing no waste and supporting clients in reducing their carbon footprints and energy costs.

Mainspring

Series E in 2022
Mainspring Energy, Inc. is a company based in Menlo Park, California, focused on developing linear generator technology that produces low-carbon, dispatchable energy. Founded in 2010 by three Stanford engineers, Mainspring aims to address the challenges of climate change while providing affordable electricity. The company engineers advanced prototypes of linear generators that convert fuel into electricity through a low-temperature reaction of air and fuel, driving magnets through copper coils. This innovative approach allows Mainspring to offer electricity at lower costs and with greater reliability, contributing to the vision of creating net-zero carbon grids in the future.

Strohm

Venture Round in 2022
Strohm is a private supply chain company specializing in the offshore wind-to-hydrogen sector. It manufactures fully bonded, thermoplastic composite pipes designed for various applications in the offshore oil and gas industry. The company's product offerings include downlines, well intervention hoses, jumpers, spools, offshore flowlines, and risers. Strohm's composite pipes are lightweight, high-strength, and corrosion-resistant, providing significant cost and operational advantages for subsea intervention and production applications.

Li Industries

Series A in 2022
Li Industries is a start-up dedicated to advancing lithium-ion battery recycling technologies. The company focuses on reclaiming materials from end-of-life batteries used in electric vehicles, consumer electronics, and various energy storage systems. By utilizing direct recycling technology, Li Industries specializes in recovering valuable metals such as lithium, cobalt, and nickel, which are essential for battery production. Their innovative electrochemical flow system allows for non-destructive lithiation and optimizes the post-treatment of recovered materials, enhancing the efficiency of the recycling process. Through its efforts, Li Industries aims to minimize environmental waste, lower emissions, and reduce the costs associated with lithium-ion battery manufacturing, thereby promoting a more sustainable supply chain for battery materials.

Aurora Hydrogen

Series A in 2022
Aurora Hydrogen is focused on advancing hydrogen production technology that leverages efficient microwave energy to create clean hydrogen. This innovative approach is designed to decarbonize transportation and industrial processes, allowing for significant reductions in carbon dioxide emissions. The technology is highly scalable, making it suitable for a range of applications from small fueling stations to large industrial setups. Notably, Aurora Hydrogen's production process does not generate carbon dioxide or consume water, positioning the company as a key player in efforts to mitigate climate change by potentially reducing global carbon dioxide emissions by over 500 million tonnes annually.

Zap Energy

Series C in 2022
Zap Energy, Inc., founded in 2017 and headquartered in Seattle, Washington, specializes in the design and manufacture of sheared-flow stabilized Z-Pinch fusion reactors for power generation. The company’s innovative technology utilizes electric currents to create magnetic fields that confine and compress plasma, enabling efficient energy production through nuclear fusion. This approach offers a low-carbon, cost-effective, and flexible power source while requiring less capital investment compared to traditional fusion methods. By focusing on compact and scalable fusion technology, Zap Energy aims to advance sustainable energy solutions and improve the economics of fusion energy.

Princeton NuEnergy

Seed Round in 2022
Princeton NuEnergy is a clean-tech startup specializing in the direct recycling of lithium-ion batteries from electric vehicles and consumer electronics. The company utilizes patented Direct Battery Recycling technology to produce high-quality cathode active materials at low operating costs from spent batteries. This innovative process allows for the regeneration of cathodes, anodes, electrolytes, solvents, and other materials, enabling clients to restore battery components without fully breaking down their chemical structures. By providing sustainable energy solutions, Princeton NuEnergy addresses environmental challenges associated with battery waste and promotes a circular economy in the battery industry.

HYDROGEN Mem-Tech

Venture Round in 2022
Hydrogen Mem-Tech specializes in advanced hydrogen separation technology that incorporates carbon capture. The company develops palladium membranes that efficiently capture carbon dioxide while facilitating the production of clean hydrogen. This innovative technology is designed for a variety of applications, including refineries, bio-refineries, chemical plants, steel production, power generation, gas networks, and agriculture. By providing sustainable energy solutions with zero emissions, Hydrogen Mem-Tech aims to support industries in making a green transition while minimizing maintenance costs and environmental impact.

Flair

Series A in 2022
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.

Soly

Series A in 2022
Soly is an international Clean Energy Tech company with a mission to make solar energy available to everyone. The company was founded in the summer of 2013 by brothers Patrick and Milan van der Meulen. The brothers were inspired at a young age by Al Gore’s documentary “An Inconvenient Truth” and have since decided to use their entrepreneurship ‘As a force for good’. The company is today one of the European market leaders in the field of decentralized energy generation and storage through solar panels, batteries and charging stations. Soly focuses on the residential and business markets and is active in the Netherlands, South Africa (2019), Belgium (2022), Germany (2023) and the United Kingdom (2023). By developing its proprietary software platform, Soly is one of the most capital-efficient energy providers, with only 140 employees across five countries. The Soly platform won a spot in the Deloitte Technology Fast50 in 2021. Soly is an impact driven company and since 2018 B Corp certified. B Corp is an international label for companies that strive for the highest standards of sustainability, financial transparency, and social justice.

GridPoint

Private Equity Round in 2022
GridPoint Inc., established in 2003 and headquartered in Reston, Virginia, specializes in comprehensive energy management solutions. The company offers hardware devices like submetering and advanced monitoring systems for managing energy endpoints such as controllers, submeters, thermostats, and sensors. GridPoint's cloud-based software platform, Energy Manager, enables real-time monitoring and control of energy-consuming assets like HVAC and lighting systems. Additionally, they provide mobile applications for accessing site details and data on-the-go, along with energy management services including customer support and consultative advisory services. Serving diverse sectors such as retail, commercial buildings, and government institutions, GridPoint aims to maximize energy savings, operational efficiency, and sustainability benefits through its innovative solutions.

Antora Energy

Series A in 2022
Antora Energy specializes in providing zero-carbon industrial heat and power solutions for heavy industries, offering a more reliable alternative to fossil fuels. The company develops innovative thermal batteries that utilize excess solar and wind electricity to heat blocks of carbon, creating a sustainable energy source. These thermal energy storage systems effectively convert heat energy into electric energy, facilitating the electrification of heavy industry. By enabling the integration of renewable resources into the electricity grid, Antora Energy aims to deliver convenient, sustainable, and reliable electricity while significantly reducing carbon emissions on a global scale.

Offgrid Energy Labs

Seed Round in 2022
Offgrid Energy Labs specializes in the development of energy storage battery technology aimed at creating efficient and safe batteries for a sustainable future. The company focuses on innovating chemistry, materials, and design using eco-friendly and readily available resources. Its technology provides cost-effective and low-maintenance renewable energy storage solutions, which are particularly beneficial for microgrids. Offgrid Energy Labs also offers improved alternatives for electric vehicles and enhances capabilities for grid balancing. By surpassing traditional lead-acid batteries in power density, battery life, and overall cost, the company positions itself as a leader in the transition to advanced energy storage systems.

Verdagy

Series A in 2022
Verdagy is focused on advancing water electrolysis technology to enable large-scale production of green hydrogen. Based in Moss Landing, California, the company develops high-performance cells, electrolyzers, and plants aimed at achieving low upfront capital and operating costs. Their innovative approach positions them to offer competitive unit economics in hydrogen production, making it more accessible for various industries to adopt clean energy solutions. Verdagy operates laboratory and pilot plant facilities to support the rapid scaling of its technology platform.

Heaten

Series A in 2022
Heaten is an industrial start-up focused on accelerating the electrification of heat to support deep decarbonization across various industries. With eight years of research and development, Heaten specializes in heat-to-power and power-to-heat technologies, particularly through its innovative piston compressor heat pumps. These systems are designed for industrial-scale applications and can achieve process temperatures of up to 400 degrees Celsius, addressing approximately 30% of the energy demand for industrial heating processes. The company's technology platform not only enhances efficiency but also aims to provide sustainable and reliable heating solutions. Heaten has successfully completed the full cycle of R&D, prototyping, and engineering, delivering 200kW heat pumps and industrial equipment to clients. As Heaten seeks to scale its platform, it remains committed to advancing its research and development efforts to meet industry requirements and maintain a competitive edge in the medium-temperature process heat market.

Ionomr Innovations

Series A in 2022
Ionomr Innovations Inc. is a Vancouver-based company specializing in the design, adaptation, and manufacture of advanced ion-exchange membranes and polymer technologies. Founded in 2013, Ionomr focuses on creating environmentally friendly materials that replace toxic fluorinated chemicals often used in electrochemical applications. Its flagship product line, Aemion, is designed for various applications, including water treatment, energy storage, and clean energy generation. The company’s innovative membranes are known for their alkaline stability, strength, and performance, enabling optimal integration into electrochemical systems. By providing solutions that enhance efficiency and reduce environmental impact, Ionomr aims to support the decarbonization of the planet and foster the development of sustainable systems in the renewable energy and circular chemical economies. Additionally, Ionomr offers chemical engineering services to further support its clients in achieving their operational goals.

Daphne Technology

Series B in 2021
Daphne Technology SA is a climate technology company based in Ecublens, Switzerland, founded in 2017. The company specializes in developing a catalyst-free, nano-technology aimed at reducing air emissions for industries such as petrochemical, power, and transportation. Its patented solutions are designed to be miniaturized, making them particularly suitable for marine vessels. By effectively breaking down toxic pollutants into non-hazardous elements, the technology not only meets international and national regulatory requirements but also offers significant cost advantages. It allows for a substantial reduction in operating costs without necessitating a change in fuel type, thereby enabling cleaner emissions for ships using current and future fuels, including ammonia and hydrogen.

AutoGrid

Series D in 2021
AutoGrid is a company that specializes in energy data management and big data analytics to enhance the efficiency of energy delivery. Founded in 2011 at Stanford University, AutoGrid develops a suite of applications aimed at managing distributed energy resources (DERs) in real time. These applications allow utilities, electricity retailers, and energy service providers to optimize energy distribution by leveraging vast amounts of data from smart meters, sensors, and third-party sources. By employing advanced algorithms and data science techniques, AutoGrid enables clients to monitor, predict, and control energy assets across global networks, ultimately facilitating the delivery of clean, affordable, and reliable energy. The team comprises skilled software architects, engineers, data scientists, and energy experts dedicated to addressing critical challenges in the energy sector.

Ample

Series C in 2021
Ample, Inc. is a San Francisco-based company that specializes in electric battery stations and offers innovative battery swap solutions for electric vehicles. Founded in 2014, Ample operates within the smart energy sector, focusing on enhancing energy delivery for electric transportation. The company employs autonomous robotics and advanced battery technology to facilitate efficient energy exchange. Ample's unique battery system utilizes smaller, interchangeable battery modules, allowing compatibility with a diverse range of vehicles. This approach aims to streamline the charging process, making electric vehicle use more accessible and convenient for consumers.

Xcharge

Series B in 2021
XCharge is a prominent provider of high-power electric vehicle (EV) charging solutions, established in 2015. The company focuses on the design, manufacturing, and sales of advanced EV charging infrastructure, including its C6 and C7 series of DC fast chargers and the Net Zero Series, which integrates battery storage technology. XCharge aims to enhance the EV charging experience for energy companies, fleet operators, and parking lot managers across over 25 countries. By combining hardware and software solutions, the company seeks to maximize charging revenue while minimizing maintenance costs. Its innovative approach allows for scalable, cost-effective installations tailored for diverse grid conditions, facilitating a smoother transition to clean transportation in North America. With a team of experienced professionals, XCharge is dedicated to addressing the challenges of EV infrastructure and promoting sustainable energy practices.

KNP Arises

Seed Round in 2021
KNP Arises collects oil from food business operators transforms into biodiesel.

GreenCom Networks

Venture Round in 2020
GreenCom Networks AG is an energy IoT company based in Munich, Germany, with a focus on developing innovative solutions for the energy sector since its founding in 2011. The company operates an Energy Information Brokerage Platform that integrates various distributed energy assets, including solar panels, battery storage, electric vehicles, and heat pumps. Its platform offers several services, such as eibp connect for managing and controlling energy assets, eibp boost for visualizing and optimizing energy flows, eibp mesh for connecting customers to energy communities, eibp empower for developing energy tariffs, and eibp cluster for enhancing the capabilities of distributed assets. By providing these tools, GreenCom Networks enables utilities and energy service companies to improve customer engagement and introduce new digital energy services.

Palmetto Clean Technology

Series B in 2020
Just as technology has advanced society and delivered exciting consumer products, like Tesla cars and the iPhone, tech innovation is empowering homeowners across the country to join the New Utility Revolution. Palmetto’s clean energy marketplace and custom software tools help homeowners quickly estimate utility cost-savings and get renewable energy sources up and running, with ongoing data insights and support. For individuals, this innovation means lower utility bills, more transparency, control over energy use, increase in property value, and protection against power outages. When adopted en masse, a clean energy shift is a major step towards combating climate change and achieving American energy independence.

Go GreenBOV ( Battery Operated Vehicles )

Pre Seed Round in 2020
Go GreenEoT is building India's intelligent electric vehicles which are made for every purse and every purpose.

Energos

Pre Seed Round in 2020
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.

LogicLadder

Pre Seed Round in 2020
LogicLadder, founded in 2011, is a leading provider of enterprise sustainability management and climate action cloud software in India. As the first climate tech company in the nation, it offers a comprehensive platform known as The Sustainability Cloud®, which includes innovative solutions aimed at helping businesses measure and manage their decarbonization efforts to achieve NetZero. The platform is utilized by over 1,000 enterprises across more than 17 sectors, enabling them to reduce environmental impact, enhance operational efficiency, and meet global compliance standards. LogicLadder's technology simplifies the acquisition and analysis of energy and environmental data, performing extensive calculations to identify inefficiencies and areas for improvement. The company has garnered support from notable investors and serves a diverse clientele, including major players in power, petrochemicals, consumer goods, cement, automobile, textiles, and iron and steel industries.

Forge Hydrocarbons

Venture Round in 2020
Forge Hydrocarbons Corporation is a Canadian company that specializes in producing drop-in renewable diesel fuel using its proprietary Lipid-to-Hydrocarbon (LTH) technology. Founded in 2012 as a spin-off from the University of Alberta, Forge transforms waste fats and low-value organic oils, such as yellow and brown grease, into hydrocarbons that closely resemble traditional petroleum-based products. This innovative approach allows for the efficient production of hydrocarbon fuels, solvents, and chemicals, while significantly reducing emissions compared to conventional petroleum production and combustion. The company targets various sectors, including renewable energy, transportation, and government funding, contributing to cleaner energy solutions. Based in Oakville, Canada, Forge Hydrocarbons aims to provide a sustainable alternative in the energy market.

Offgrid Energy Labs

Pre Seed Round in 2020
Offgrid Energy Labs specializes in the development of energy storage battery technology aimed at creating efficient and safe batteries for a sustainable future. The company focuses on innovating chemistry, materials, and design using eco-friendly and readily available resources. Its technology provides cost-effective and low-maintenance renewable energy storage solutions, which are particularly beneficial for microgrids. Offgrid Energy Labs also offers improved alternatives for electric vehicles and enhances capabilities for grid balancing. By surpassing traditional lead-acid batteries in power density, battery life, and overall cost, the company positions itself as a leader in the transition to advanced energy storage systems.

Orb Energy

Corporate Round in 2019
Orb Energy specializes in providing affordable renewable energy solutions for off-grid households in India, primarily through solar home systems. The company offers these systems at a cost of USD 4 per month, catering to low-income customers by leveraging a robust retail distribution network. Currently operating 90 branches, Orb Energy plans to expand significantly, aiming to double its branches and workforce within the next two years, thereby reaching an estimated 250,000 individuals. In addition to solar home systems, Orb Energy is involved in the design, manufacture, installation, and servicing of solar photovoltaic systems for power generation, as well as solar thermal systems for hot water and related lighting components and appliances.

Punjab Renewable Energy Systems

Series B in 2019
Punjab Renewable Energy Systems Private Limited specializes in biomass management and bio-energy services. Founded in 2011 and based in Navi Mumbai, the company focuses on various aspects of biomass, including its plantation, procurement, storage, processing, and supply. Its offerings encompass bio-energy generation, briquetting and pelleting, as well as steam supply contracts. The company also provides project management consultancy, energy audits, and technical consultations related to biomass. Additionally, Punjab Renewable Energy Systems manages the entire supply chain for biomass, ensuring efficient aggregation, transportation, and storage to meet the fuel needs of independent power plants and co-generation facilities. Through these services, the company aims to optimize the use of biomass for energy production.

Salient Energy

Seed Round in 2019
Salient Energy is focused on the commercialization of a novel zinc-ion battery developed from research at the University of Waterloo. This innovative battery technology is designed for electricity storage in the grid, offering a safer and more sustainable alternative to conventional lithium-ion batteries. Salient Energy's proprietary cathode materials uniquely incorporate zinc into their crystal lattice, resulting in a relatively high energy density. This advancement allows for the use of traditional battery designs compatible with existing manufacturing processes, making it feasible to produce these batteries in current facilities worldwide. Consequently, Salient Energy's products provide a cost-effective, long-lasting solution for energy storage, catering to the needs of electric industry stakeholders.

ZIPTRAX Cleantech

Seed Round in 2019
Ziptrax CleanTech specializes in Closed Loop Recycling for lithium-ion batteries, focusing on the recovery of valuable metals such as lithium, cobalt, nickel, and manganese. This process supports various applications, including electric vehicles, renewable energy grids, and consumer electronics. The company employs a Cradle-to-Grave approach that not only reduces costs for manufacturers and distributors but also offers significant benefits to end-users. Additionally, Ziptrax CleanTech utilizes artificial intelligence to enhance battery longevity through a digital platform that facilitates the collection and recycling of used lithium-ion batteries. These batteries undergo extensive testing and quality checks before being repurposed for second-use applications in e-mobility and energy storage, thereby contributing to sustainable practices in the industry.

Corvus Energy

Venture Round in 2019
Corvus Energy Ltd. is a Canadian company specializing in the research, development, manufacture, and supply of energy storage solutions for the marine, oil and gas, and port sectors. Established in 2009 and headquartered in Richmond, the company focuses on delivering advanced lithium-ion battery technologies that create modular energy storage systems. These systems are designed to offer consistent and economical power for hybrid and all-electric maritime applications, including cruise ships, ferries, offshore vessels, and heavy industrial machinery. In addition to its energy storage products, Corvus Energy provides a range of services such as technical support, spare parts, extended warranties, field service, and training. The company's innovative solutions are recognized for enhancing operational efficiency and promoting clean energy leadership in the industry.

SteamaCo

Series B in 2019
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.

Innowatts

Series B in 2019
Innowatts, Inc. is a Houston-based company founded in 2013 that specializes in software solutions for energy management. The company develops the PowerEASE platform, which focuses on load forecasting, energy risk optimization, and infrastructure planning. Innowatts leverages advanced data analytics and machine learning to assist energy retailers and utility companies in managing their operations effectively. Its eUtility technology platform utilizes data from over 34 million meters to enhance grid reliability and profitability while promoting sustainability. The company's customer base includes retail energy providers, regulated utility companies, regulatory boards, and residential communities, all benefiting from Innowatts' insights to improve customer relationships and adapt to the evolving energy landscape.

Nordsol

Private Equity Round in 2019
Nordsol is a Dutch company based in Bunnik, founded in 2009, that specializes in the development and production of biofuels derived from organic waste. The company produces BioLNG, or liquefied biomethane, which is a CO2-neutral biofuel created by converting biogas through its proprietary iLNG technology. Nordsol collaborates with dedicated BioLNG clients who help mitigate trading risks and secure fixed offtake volumes. This unique combination of innovative patented technologies and financial support enables Nordsol to establish and operate its own BioLNG facilities in partnership with biogas production providers, creating a robust business framework for sustainable energy solutions.

SET Ventures

Funding Round in 2019
SET Ventures, established in 2007 and based in Amsterdam, Netherlands, is a venture capital firm focusing on early to growth-stage investments in Europe. The company specializes in digital technology for a carbon-free energy system, backing pioneering startups with sustainable solutions and a strong digital DNA. Its investment priority lies in sectors such as distributed infrastructure, energy retail, buildings, mobility, industry, and enabling technologies. SET Ventures typically invests between €0.5 million to €6 million per portfolio company, aiming to take a seat on the supervisory board.

AutoGrid

Series D in 2019
AutoGrid is a company that specializes in energy data management and big data analytics to enhance the efficiency of energy delivery. Founded in 2011 at Stanford University, AutoGrid develops a suite of applications aimed at managing distributed energy resources (DERs) in real time. These applications allow utilities, electricity retailers, and energy service providers to optimize energy distribution by leveraging vast amounts of data from smart meters, sensors, and third-party sources. By employing advanced algorithms and data science techniques, AutoGrid enables clients to monitor, predict, and control energy assets across global networks, ultimately facilitating the delivery of clean, affordable, and reliable energy. The team comprises skilled software architects, engineers, data scientists, and energy experts dedicated to addressing critical challenges in the energy sector.

ZIPTRAX Cleantech

Pre Seed Round in 2019
Ziptrax CleanTech specializes in Closed Loop Recycling for lithium-ion batteries, focusing on the recovery of valuable metals such as lithium, cobalt, nickel, and manganese. This process supports various applications, including electric vehicles, renewable energy grids, and consumer electronics. The company employs a Cradle-to-Grave approach that not only reduces costs for manufacturers and distributors but also offers significant benefits to end-users. Additionally, Ziptrax CleanTech utilizes artificial intelligence to enhance battery longevity through a digital platform that facilitates the collection and recycling of used lithium-ion batteries. These batteries undergo extensive testing and quality checks before being repurposed for second-use applications in e-mobility and energy storage, thereby contributing to sustainable practices in the industry.

Ample

Series A in 2018
Ample, Inc. is a San Francisco-based company that specializes in electric battery stations and offers innovative battery swap solutions for electric vehicles. Founded in 2014, Ample operates within the smart energy sector, focusing on enhancing energy delivery for electric transportation. The company employs autonomous robotics and advanced battery technology to facilitate efficient energy exchange. Ample's unique battery system utilizes smaller, interchangeable battery modules, allowing compatibility with a diverse range of vehicles. This approach aims to streamline the charging process, making electric vehicle use more accessible and convenient for consumers.

Sonnen

Series E in 2018
Sonnen is a developer of solar-based energy storage systems that provide clean and affordable energy solutions for residential homes, agricultural farms, and commercial enterprises. Since the introduction of the Sonnenbatterie in Germany and Austria in 2011, the company has focused on integrating energy storage with home automation platforms. This integration allows users to actively manage their energy consumption, optimizing the use of energy harvested from solar photovoltaic systems or the grid. Sonnen's offerings extend beyond simple storage, incorporating features such as smart metering and virtual power plant integration, designed to enhance energy management and provide tailored solutions for various energy needs.

Ossus Biorenewables

Pre Seed Round in 2018
Ossus Biorenewables design intelligent electroactive microbial communities for selectively targeting and breaking down the dilute organic content of effluents for biohydrogen production.

ION Energy

Pre Seed Round in 2018
ION Energy, Inc. is a manufacturer of energy storage systems based in Bayside, New York. The company produces batteries designed for scooters and homes, along with battery management systems that enhance the performance and reliability of these energy solutions. ION Energy also offers a battery analytics and diagnostic platform known as RIFT, which utilizes advanced analytics and artificial intelligence to support electric vehicle and energy storage providers. This technology enables organizations to make informed decisions quickly, providing them with the flexibility to either deploy ready-to-use battery management systems or develop custom solutions tailored to their specific needs. ION Energy has positioned itself as a key partner for original equipment manufacturers and battery pack manufacturers seeking innovative battery technology.

Husk Power Systems

Series C in 2018
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.

Grassroots Energy

Seed Round in 2018
Grassroots Energy is an energy company focused on developing clean energy solutions by producing biomethane and bio-hydrogen from waste. Utilizing various technologies, the company converts agricultural and farm waste into biogas, which can be used for electricity generation and clean cooking. This approach not only contributes to sustainable energy production but also helps small and marginal farmers enhance their income by adding value to their bio-waste. Through its innovative methods, Grassroots Energy aims to address environmental challenges while supporting local economies.

SteamaCo

Series A in 2017
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.

Innowatts

Series A in 2017
Innowatts, Inc. is a Houston-based company founded in 2013 that specializes in software solutions for energy management. The company develops the PowerEASE platform, which focuses on load forecasting, energy risk optimization, and infrastructure planning. Innowatts leverages advanced data analytics and machine learning to assist energy retailers and utility companies in managing their operations effectively. Its eUtility technology platform utilizes data from over 34 million meters to enhance grid reliability and profitability while promoting sustainability. The company's customer base includes retail energy providers, regulated utility companies, regulatory boards, and residential communities, all benefiting from Innowatts' insights to improve customer relationships and adapt to the evolving energy landscape.

Kite Power Systems

Venture Round in 2016
Kite Power Systems, founded in 2011 in Burnham-on-Crouch, Essex, UK, specializes in developing an innovative solution for harnessing wind energy through a twin-kite system. This technology aims to provide a reliable and efficient means of generating clean energy at a utility scale, significantly reducing costs compared to traditional wind turbines while utilizing 85 percent less material. The company’s kite arrays can be deployed both onshore and offshore, making them suitable for locations where conventional wind energy systems are impractical. By offering a sustainable alternative, Kite Power Systems seeks to reduce dependency on fossil fuels and mitigate the impacts of climate change. The technology is supported by extensive testing and development, as well as funding from the UK Department of Energy and Climate Change Energy Entrepreneurs Fund and various private investors.

Geli

Series A in 2016
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's offerings create a cohesive ecosystem that allows project developers, original equipment manufacturers, financiers, and project operators to efficiently deploy advanced energy projects. By utilizing a hardware-agnostic software platform, Geli streamlines the energy storage development process, enabling clients to minimize their environmental impact while enhancing project efficiency.

WellDog

Venture Round in 2014
WellDog is an energy-focused technical services company founded in 1999, dedicated to facilitating sustainable energy resource development through innovative technologies. The company specializes in chemical and natural gas exploration services aimed at enhancing the management of carbon-sensitive activities. WellDog's proprietary Reservoir Raman chemical sensing systems enable commercial reservoir analysis for various resources, including coal, gas, and alternative energy sources. By providing services such as carbon tracking and geophysical processes, WellDog aims to improve production efficiency while minimizing environmental impact, particularly in coal-bed methane operations. This approach allows gas exploration companies to reduce their carbon footprint, thereby promoting responsible and efficient energy exploration and production.

Aquion Energy

Series E in 2014
Aquion Energy is a manufacturer of innovative energy storage solutions, specializing in sodium ion batteries designed for long-duration stationary energy storage. The company's proprietary Aqueous Hybrid Ion (AHI™) battery technology, developed from research by Carnegie Mellon University Professor Jay Whitacre, addresses the limitations of conventional energy storage systems. Aquion's batteries are safe, reliable, and environmentally friendly, utilizing non-toxic components such as saltwater, and they are free from heavy metals and toxic chemicals. These features make the AHI systems non-flammable and non-explosive, positioning them as a sustainable alternative for clients seeking to decrease reliance on fossil fuels. By optimizing existing grid-tied generation assets, Aquion Energy enhances the flexibility and efficiency of the electrical grid, facilitating the broader adoption of renewable energy technologies.

GlassPoint Solar

Series C in 2014
GlassPoint Solar, Inc. specializes in the design, manufacture, and installation of solar thermal steam generators tailored for the oil and gas industry globally. The company focuses on providing solar steam for enhanced oil recovery (EOR) applications, significantly reducing gas consumption by up to 80% compared to traditional gas-fired steam generation. GlassPoint serves a diverse clientele, including independent producers, national oil companies, and various manufacturing sectors, with a particular emphasis on regions such as Southern California, North Africa, Western China, and Madagascar. Founded in 2008 and headquartered in Fremont, California, GlassPoint also maintains regional offices in Muscat, Oman; Kuwait City, Kuwait; Bakersfield, California; Santiago, Chile; and Shenzhen, China.

Next Step Living

Series D in 2014
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.

TGS

Convertible Note in 2014
TGS is a provider of scientific data and intelligence to the energy sector. It specializes in marine data acquisition services using advanced ocean bottom node (OBN) technology, offering both proprietary and multi-client models. The company's services enhance subsurface imaging, supporting exploration and development of oil and gas fields, de-risking CO2 storage sites, siting offshore wind farms, and mapping deep-sea minerals.

2-B Energy

Series B in 2014
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

Venture Round in 2014
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

Series B in 2012
GlassPoint Solar, Inc. specializes in the design, manufacture, and installation of solar thermal steam generators tailored for the oil and gas industry globally. The company focuses on providing solar steam for enhanced oil recovery (EOR) applications, significantly reducing gas consumption by up to 80% compared to traditional gas-fired steam generation. GlassPoint serves a diverse clientele, including independent producers, national oil companies, and various manufacturing sectors, with a particular emphasis on regions such as Southern California, North Africa, Western China, and Madagascar. Founded in 2008 and headquartered in Fremont, California, GlassPoint also maintains regional offices in Muscat, Oman; Kuwait City, Kuwait; Bakersfield, California; Santiago, Chile; and Shenzhen, China.
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