{ "interaction_id": "2e240598-6328-47a7-ab04-e32bc1504507", "search_results": [ { "page_name": "Venture capital investment in clean energy startups soars | Reuters", "page_url": "https://www.reuters.com/sustainability/venture-capital-investment-clean-energy-startups-soars-2023-05-18/", "page_snippet": "Global venture capital funding for clean energy startups jumped to $12.3 billion last year, up from $1.9 billion in 2019, propelled by investment in battery technology and new government subsidy schemes in the United States and Europe, new data shows.LONDON, May 18 (Reuters) - Global venture capital funding for clean energy startups jumped to $12.3 billion last year, up from $1.9 billion in 2019, propelled by investment in battery technology and new government subsidy schemes in the United States and Europe, new data shows. An analysis from consultants Oliver Wyman based on data from Crunchbase showed that investors in North America led the way in recent clean energy investments, providing 57% of last year's total, with European players behind on $3.5 billion. Chinese venture capital funding reached $1.2 billion thanks to expansion of renewables. The United States' Inflation Reduction Act and the European Union's Net Zero Industry Act, which offer public subsidies for green industries, look set to turbocharge that interest, industry experts predict. Battery technology, storage solutions and renewable technology made up two-thirds of last year's global venture capital investment, according to the analysis. European funding fell in 2022 versus the previous year, which Oliver Wyman linked to recent market volatility, but it said the region's need for new clean energy technology had grown following the war in Ukraine. Battery technology, storage solutions and renewable technology made up two-thirds of last year's global venture capital investment, according to the analysis. European funding fell in 2022 versus the previous year, which Oliver Wyman linked to recent market volatility, but it said the region's need for new clean energy technology had grown following the war in Ukraine. Venture capital investment into Swedish startups fell, but the country remained the leader in Europe last year, ahead of Germany, the UK and France. An analysis from consultants Oliver Wyman based on data from Crunchbase showed that investors in North America led the way in recent clean energy investments, providing 57% of last year's total, with European players behind on $3.5 billion. Chinese venture capital funding reached $1.2 billion thanks to expansion of renewables. Investors globally have been racing to fund more climate-friendly technologies as the world tries to shift towards a lower-carbon economy. The United States' Inflation Reduction Act and the European Union's Net Zero Industry Act, which offer public subsidies for green industries, look set to turbocharge that interest, industry experts predict.", "page_result": "Venture capital investment in clean energy startups soars | Reuters\n\n
Skip to main content

Venture capital investment in clean energy startups soars

\"Solar
Solar panels to produce renewable energy are seen at the Urbasolar photovoltaic park in Gardanne, France, June 25, 2018. REUTERS/Jean-Paul Pelissier Purchase Licensing Rights, opens new tab
LONDON, May 18 (Reuters) - Global venture capital funding for clean energy startups jumped to $12.3 billion last year, up from $1.9 billion in 2019, propelled by investment in battery technology and new government subsidy schemes in the United States and Europe, new data shows.
An analysis from consultants Oliver Wyman based on data from Crunchbase showed that investors in North America led the way in recent clean energy investments, providing 57% of last year's total, with European players behind on $3.5 billion.
Chinese venture capital funding reached $1.2 billion thanks to expansion of renewables.
Investors globally have been racing to fund more climate-friendly technologies as the world tries to shift towards a lower-carbon economy. The United States' Inflation Reduction Act and the European Union's Net Zero Industry Act, which offer public subsidies for green industries, look set to turbocharge that interest, industry experts predict.
Battery technology, storage solutions and renewable technology made up two-thirds of last year's global venture capital investment, according to the analysis.
European funding fell in 2022 versus the previous year, which Oliver Wyman linked to recent market volatility, but it said the region's need for new clean energy technology had grown following the war in Ukraine.
Venture capital investment into Swedish startups fell, but the country remained the leader in Europe last year, ahead of Germany, the UK and France.
"Despite recent market turmoil, clean tech funding in Europe remains bright," said Francois Austin, Oliver Wyman's Global Head of Energy and Natural Resources.
"It has progressed significantly in the last five years and we're now seeing large scale private equity and infrastructure funds putting their weight behind this sector."

The Reuters Daily Briefing newsletter provides all the news you need to start your day. Sign up here.

Reporting by Tommy Reggiori Wilkes. Editing by Jane Merriman

Our Standards: The Thomson Reuters Trust Principles., opens new tab

\"LSEG
", "page_last_modified": " Wed, 13 Mar 2024 15:44:28 GMT" }, { "page_name": "Venture capital investment in clean energy startups soars | Reuters", "page_url": "https://www.reuters.com/sustainability/venture-capital-investment-clean-energy-startups-soars-2023-05-18/", "page_snippet": "Global venture capital funding for clean energy startups jumped to $12.3 billion last year, up from $1.9 billion in 2019, propelled by investment in battery technology and new government subsidy schemes in the United States and Europe, new data shows.LONDON, May 18 (Reuters) - Global venture capital funding for clean energy startups jumped to $12.3 billion last year, up from $1.9 billion in 2019, propelled by investment in battery technology and new government subsidy schemes in the United States and Europe, new data shows. An analysis from consultants Oliver Wyman based on data from Crunchbase showed that investors in North America led the way in recent clean energy investments, providing 57% of last year's total, with European players behind on $3.5 billion. Chinese venture capital funding reached $1.2 billion thanks to expansion of renewables. The United States' Inflation Reduction Act and the European Union's Net Zero Industry Act, which offer public subsidies for green industries, look set to turbocharge that interest, industry experts predict. Battery technology, storage solutions and renewable technology made up two-thirds of last year's global venture capital investment, according to the analysis. European funding fell in 2022 versus the previous year, which Oliver Wyman linked to recent market volatility, but it said the region's need for new clean energy technology had grown following the war in Ukraine. Battery technology, storage solutions and renewable technology made up two-thirds of last year's global venture capital investment, according to the analysis. European funding fell in 2022 versus the previous year, which Oliver Wyman linked to recent market volatility, but it said the region's need for new clean energy technology had grown following the war in Ukraine. Venture capital investment into Swedish startups fell, but the country remained the leader in Europe last year, ahead of Germany, the UK and France. An analysis from consultants Oliver Wyman based on data from Crunchbase showed that investors in North America led the way in recent clean energy investments, providing 57% of last year's total, with European players behind on $3.5 billion. Chinese venture capital funding reached $1.2 billion thanks to expansion of renewables. Investors globally have been racing to fund more climate-friendly technologies as the world tries to shift towards a lower-carbon economy. The United States' Inflation Reduction Act and the European Union's Net Zero Industry Act, which offer public subsidies for green industries, look set to turbocharge that interest, industry experts predict.", "page_result": "Venture capital investment in clean energy startups soars | Reuters\n\n
Skip to main content

Venture capital investment in clean energy startups soars

\"Solar
Solar panels to produce renewable energy are seen at the Urbasolar photovoltaic park in Gardanne, France, June 25, 2018. REUTERS/Jean-Paul Pelissier Purchase Licensing Rights, opens new tab
LONDON, May 18 (Reuters) - Global venture capital funding for clean energy startups jumped to $12.3 billion last year, up from $1.9 billion in 2019, propelled by investment in battery technology and new government subsidy schemes in the United States and Europe, new data shows.
An analysis from consultants Oliver Wyman based on data from Crunchbase showed that investors in North America led the way in recent clean energy investments, providing 57% of last year's total, with European players behind on $3.5 billion.
Chinese venture capital funding reached $1.2 billion thanks to expansion of renewables.
Investors globally have been racing to fund more climate-friendly technologies as the world tries to shift towards a lower-carbon economy. The United States' Inflation Reduction Act and the European Union's Net Zero Industry Act, which offer public subsidies for green industries, look set to turbocharge that interest, industry experts predict.
Battery technology, storage solutions and renewable technology made up two-thirds of last year's global venture capital investment, according to the analysis.
European funding fell in 2022 versus the previous year, which Oliver Wyman linked to recent market volatility, but it said the region's need for new clean energy technology had grown following the war in Ukraine.
Venture capital investment into Swedish startups fell, but the country remained the leader in Europe last year, ahead of Germany, the UK and France.
"Despite recent market turmoil, clean tech funding in Europe remains bright," said Francois Austin, Oliver Wyman's Global Head of Energy and Natural Resources.
"It has progressed significantly in the last five years and we're now seeing large scale private equity and infrastructure funds putting their weight behind this sector."

The Reuters Daily Briefing newsletter provides all the news you need to start your day. Sign up here.

Reporting by Tommy Reggiori Wilkes. Editing by Jane Merriman

Our Standards: The Thomson Reuters Trust Principles., opens new tab

\"LSEG
", "page_last_modified": " Wed, 13 Mar 2024 15:44:28 GMT" }, { "page_name": "Top Investors Fueling The Renewable Energy Tech Ecosystem - CB ...", "page_url": "https://www.cbinsights.com/research/renewable-energy-tech-ecosystem-top-investors/", "page_snippet": "Investors are funding the renewable energy ecosystem at record highs, supporting startups installing EV stations globally, discovering new thin-film materials, and developing energy management software. We analyze the cohort of top investors below.Total Carbon Neutrality Ventures (TCNV) \u2014 the venture arm of France-based energy giant Total \u2014 has also actively invested in clean tech as the corporation makes strides to grow into a renewable energy leader. TCNV focuses on investing in low-carbon energy startups, a category that includes renewable energy, energy management software, and energy storage. Shell Ventures \u2013 the oil and gas giant\u2019s venture arm \u2013 plays an integral part of the company\u2019s growing sustainability plan, particularly as its energy peers have started to invest more heavily in renewable energy, mobility, and other related technologies. With the spotlight on sustainability, Shell\u2019s venture arm can swiftly and strategically invest in and acquire startups to fortify the parent company. With the spotlight on sustainability, Shell\u2019s venture arm can swiftly and strategically invest in and acquire startups to fortify the parent company. For instance, Shell Ventures fully funded energy storage company sonnen\u2019s Series E round in 2018, and its parent company, Royal Dutch Shell, ended up purchasing the startup in early 2019. EIT InnoEnergy is the EU\u2019s energy-focused innovation fund. It\u2019s working to help startups that will strengthen the renewable energy ecosystem \u2014 over 80% of deals funded by EIT InnoEnergy in our dataset went to early-stage startups in the last 5 years. The full top renewable energy investor list is presented at the bottom of this post. Shell Ventures, EIT InnoEnergy, Energy Impact Partners, and Total Carbon Neutrality Ventures are the most active investors in the renewable energy ecosystem. They illustrate the breakdown of the top investors: sustainability-focused VCs and energy and industrial CVCs.", "page_result": "\n\n\n\n \n \n\n\n\n \n \n \n\t\n\t\n\tTop Investors Fueling The Renewable Energy Tech Ecosystem - CB Insights Research\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\n\n\t\n\n\n\n\n\n\t\t\n\t\t\n\t\n\n\n\n\n\n\n\n\n\n \n\n\n\n\n\t\n\t\n\t\n\n \n \n \n\n \n \n \n\n \n \n \n \n\n \n \n \n\n \n\n\t\n\t\n\t\n\n \n \n \n\n\n\n\n\n\n
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Top Investors Fueling The Renewable Energy Tech Ecosystem

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Investors are funding the renewable energy ecosystem at record highs, supporting startups installing EV stations globally, discovering new thin-film materials, and developing energy management software. We analyze the cohort of top investors below.

\n
\n\t\t\t\t\n \n\n

Renewable energy is increasingly powering electricity generation globally and is forecast to grow 7% in 2020. Consumers are also concerned about how their homes are powered. For instance, over 40% of Americans prefer renewables-powered utilities over less sustainable options, like natural gas or coal, according to Escalent.\u00a0

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DOWNLOAD THE STATE OF FINTECH 2023 REPORT

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Get 200+ pages of charts and data detailing the latest venture trends in fintech.

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Investors recognize this: global VC firms and CVCs are continuing to fund startups innovating in the renewable energy ecosystem, including infrastructure, power generation, storage, and energy management software.\u00a0

\n

As of December 2020, renewable energy investors have backed 529 deals, a 14% increase from 2019. By year-end, deals and total funding in the space are on track to hit the highest levels in the last 5 years.

\n

\"\"

\n

Below, we look at investment activity by top investors funding renewable energy technology, which we define as investors funding 10 or more deals in the space since the beginning of 2016.\u00a0

\n

The full top renewable energy investor list is presented at the bottom of this post.

\n

TOP INVESTORS IN THE RENEWABLE ENERGY ECOSYSTEM

\n

Shell Ventures, EIT InnoEnergy, Energy Impact Partners, and Total Carbon Neutrality Ventures are the most active investors in the renewable energy ecosystem. They illustrate the breakdown of the top investors: sustainability-focused VCs and energy and industrial CVCs.

\n

\"\"

\n

Shell Ventures \u2013 the oil and gas giant\u2019s venture arm \u2013 plays an integral part of the company\u2019s growing sustainability plan, particularly as its energy peers have started to invest more heavily in renewable energy, mobility, and other related technologies.\u00a0

\n

With the spotlight on sustainability, Shell\u2019s venture arm can swiftly and strategically invest in and acquire startups to fortify the parent company. For instance, Shell Ventures fully funded energy storage company sonnen\u2019s Series E round in 2018, and its parent company, Royal Dutch Shell, ended up purchasing the startup in early 2019.\u00a0

\n

EIT InnoEnergy is the EU\u2019s energy-focused innovation fund. It\u2019s working to help startups that will strengthen the renewable energy ecosystem — over 80% of deals funded by EIT InnoEnergy in our dataset went to early-stage startups in the last 5 years. For example, EIT InnoEnergy participated in solar startup SunRoof\u2019s seed VC round in late 2020 and blockchain energy management startup Flexidao\u2019s Series A round in mid-2019.\u00a0

\n

Similarly, Energy Impact Partners (EIP) focuses on technologies to bolster clean energy. EIP partners with energy and industrial companies, including companies like Avista, Duke Energy, and Evergy, to invest in clean tech. Notably, Microsoft joined EIP\u2019s partner network in mid-2020, following the announcement of its Climate Innovation Fund in early 2020.\u00a0

\n

EIP participated in Sense Labs‘ Series A, B, and C rounds in the last 5 years — enabling the company to expand its team, improve its product, and, more recently, broaden features to include repair and maintenance notifications and energy-saving automation.

\n

Total Carbon Neutrality Ventures (TCNV) — the venture arm of France-based energy giant Total — has also actively invested in clean tech as the corporation makes strides to grow into a renewable energy leader.\u00a0

\n

TCNV focuses on investing in low-carbon energy startups, a category that includes renewable energy, energy management software, and energy storage. For instance, TCNV participated in emerging market microgrid startup Powerhive\u2019s Series A and B, helping the company expand its reach within Kenya.

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    \n U.S. clean energy investments 2004-2022\n
    \n Published by\n Luc\u00eda Fern\u00e1ndez,\n \n Jul 31, 2023\n
    \n The United States\u2019 investment in clean energy reached its highest point in 2022 at 141 billion U.S. dollars. This represents a substantial increase since 2004, when investment totaled roughly 10 billion U.S. \r\n\r\n \r\n

    Changes in investment level

    \r\n\r\nWhile clean energy investment has risen drastically over the past twenty years, its growth has not always been consistent. Investment dropped after 2008 in the wake of the financial crisis, before climbing to a new peak in 2011, then decreasing again for a few years. Significant fluctuations in the energy market as a whole played a part in wavering investments during the turbulent years following the global recession. \r\n\r\n

    Unstable fossil fuel prices

    \r\n \r\nIn addition to environmental concerns, the volatility of oil markets in recent years have contributed to rising interest and investment in renewables. In response to swelling international oil prices during the 2008 financial crisis, investors sought to develop both renewables as well as new technologies to domestically extract fossil fuels, such as hydraulic fracturing. A surplus of shale oil and natural gas followed and led to the further destabilization of the U.S. energy market, known as the 2010s oil glut. \n
    \n Read more\n

    \n Investment in clean energy in the U.S. from 2004 to 2022 \n \n (in billion U.S. dollars)\n

    CharacteristicInvestment in billion U.S. dollars
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    \n Additional Information\n

    © Statista 2024
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    \n Release date\n

    March 2023

    More information
    \n Region\n

    United States

    Survey time period

    2004 to 2022

    \n Supplementary notes\n

    Includes new investment in wind, solar, biofuels, biomass, waste, energy smart technologies (such as electric vehicles and lithium-ion batteries), and other renewables/low carbon services.

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    ", "page_last_modified": "" }, { "page_name": "Top Energy and Utilities VCs to Watch in 2024 - Startup Stash", "page_url": "https://startupstash.com/energy-and-utilities-vcs/", "page_snippet": "Top energy and utilities VCs are investing in companies in the energy market owing to the growing importance of climate tech.Since the firm was founded, it has managed to make a total of 17 investments into these businesses. As it stands at the time of writing, Element 8 has currently made an exit from two of these investments. ... Energize Ventures is a VC fund for energy and utilities that was founded in 2016 and is currently based in Chicago, USA. It focuses on providing investments to companies that are creating new digital technologies for use in the energy and renewable energy sectors. Since being founded, the company has made a total of 50 investments and from these investments, the firm has successfully made an exit from 9 of these. ... Element 8 is an Energy and Utilities venture capital firm that was founded in 2006 and is currently based in Seattle, USA. In addition to providing funding for early-stage cleantech companies, the firm also helps these firms with guidance and networking opportunities to discover potential partnerships. Since the firm was founded, it has managed to make a total of 17 investments into these businesses. Chrysalix Venture Capital is an Energy and Utilities VC that was founded in 2001 and is currently based in Vancouver, Canada. The company invests in industrial innovation, with a large part of this being related to startups involved in energy saving and efficiency technologies. Since being founded, the company has managed a total of five investment funds. Since being founded, the firm has managed to make a total of 27 investments into energy-related startups. Out of these investments, the business has successfully made an exit from three of them. ... BP Ventures is a VC firm that is backed by the oil and energy giant, BP. The business unit was founded in 2012 and is currently based in Palo Alto, USA.", "page_result": "\n\n\n\n\n\n\n\nTop Energy and Utilities VCs to Watch in 2024 - Startup Stash\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
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    \n\nStartup Stash \n

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    \nStartup Stash is one of the world's largest online directory of tools and resources for startups

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    Home \u00bb Top VCs \u00bb Top Energy and Utilities VCs to Watch in 2024

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    \nTop VCs\n/\nDecember 4, 2023
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    \nAsaf Fybish\n
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    As a growth marketing expert, Asaf helps startups driving scalable growth through data-driven strategies and innovative marketing techniques.

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    Top Energy and Utilities VCs to Watch in 2024

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    The energy market is currently one of the most observed in the world, in one aspect because of the necessity that it is in most of our lives, more than ever. It should also be noted that the market is being watched due to the impact of climate change on the world. Both of these factors have influenced Energy and Utilities VCs when making their investments. Top VCs in the market are investing in companies at the forefront of change. The amount of funding going into climate technology alone increased from $5.2 Billion in 2016, to $16.4 Billion in 2020.

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    1. Clean Energy Venture Group

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    Year Founded: 2005

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    HQ: Brookline, USA

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    Size: 11-50

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    Founders: Dan Goldman, David S. Miller

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    Clean Energy Venture Group is an Energy and Utilities VC that was founded in 2005 and is currently based in Brookline, USA. The business provides early-stage funding to startups that are looking to improve the current state of the clean energy market. The firm is supported by experts in the energy industry and environmental experts are also on hand to help identify viable businesses.

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    Since being founded, the company has made a total of 50 investments and from these investments, the firm has successfully made an exit from 9 of these.

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    2. Element 8

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    Year Founded: 2006

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    HQ: Seattle, USA

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    Size: 11-50

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    Founders: Martin Tobias

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    Element 8 is an Energy and Utilities venture capital firm that was founded in 2006 and is currently based in Seattle, USA. In addition to providing funding for early-stage cleantech companies, the firm also helps these firms with guidance and networking opportunities to discover potential partnerships.

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    Since the firm was founded, it has managed to make a total of 17 investments into these businesses. As it stands at the time of writing, Element 8 has currently made an exit from two of these investments.

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    3. Energize Ventures

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    Year Founded: 2016

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    HQ: Chicago, USA

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    Size: 1-10

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    Founders: Amy Francetic, Michael Polsky

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    Energize Ventures is a VC fund for energy and utilities that was founded in 2016 and is currently based in Chicago, USA. It focuses on providing investments to companies that are creating new digital technologies for use in the energy and renewable energy sectors. This funding is provided in the early stages of the company's life cycle.

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    Since being founded, the firm has managed four investment funds. Through the use of these funds, the company has managed to make a series of 28 investments into growing startups. From these investments, the company has currently made an exit from 3 of these.

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    4. Powerhouse Ventures

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    Year Founded: 2018

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    HQ: Oakland, USA

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    Size: 1-10

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    Founders: Emily Kirsch

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    \n

    Powerhouse Ventures is an Energy and Utilities VC that was founded in 2018 and is currently based in Oakland, USA. The company focuses its investment on startups that create software in an effort to accelerate the decreasing use and emission of carbon into the atmosphere. This creates a better environment for the energy industry.

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    Since being founded, the company has made a total of 25 investments into these types of companies. At the time of writing, the firm has made an exit from one of these investments so far.

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    5. National Grid Partners

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    Year Founded: 2018

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    HQ: San Francisco, USA

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    Size: 11-50

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    Founders: Lisa Lambert

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    National Grid Partners is the venture arm of the English National Grid. The company was founded in 2018 and is currently based in San Francisco, USA.\u00a0 The business is behind innovations in the current systems that the parent company operates in, investing in changes for infrastructure and energy as a whole.

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    Since being founded, the firm has operated two investment funds and from these funds, the business has made investments into 42 businesses. From these investments, the company has successfully made an exit from 3 of these.

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    6. Breakthrough Energy Ventures

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    Year Founded: 2015

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    HQ: Paris, France

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    Size: 11-50

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    Founders: Bill Gates, Jack Ma, Jeff Bezos, John Doerr, Vinod Khosla

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    \n

    Breakthrough Energy Ventures is a French Energy and Utilities VC that was founded in 2015 and is currently based in Paris, France. The company invests in technologies and methods that make energy more affordable whilst also reducing the environmental impact in the generation of that energy.

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    The business has managed four investment funds since being founded, with the funds allowing the company to make 83 investments. From these investments, at the time of writing, the firm has successfully made an exit from four,

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    7. Energy Impact Partners

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    Year Founded: 2015

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    HQ: New York, USA

    \n

    Size: 11-50

    \n

    Founders: Hans Kobler, Steve Hellman

    \n

    \n

    Energy Impact Partners is an Energy and Utilities venture capital firm that was founded in 2015 and is currently based in New York, USA. The business mainly pours its funding into companies that utilize technologies that optimize the consumption of energy, creating more efficient and less polluting businesses.

    \n

    Since being founded, the firm has managed five investment funds and has made a series of 73 investments as a result of these funds. From these investments, at the time of writing, the company has made an exit from 13 of these.

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    8. Chrysalix Venture Capital

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    Year Founded: 2001

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    HQ: Vancouver, Canada

    \n

    Size: 11-50

    \n

    Founders: Dr. Wal Van Lierop

    \n

    \n

    Chrysalix Venture Capital is an Energy and Utilities VC that was founded in 2001 and is currently based in Vancouver, Canada. The company invests in industrial innovation, with a large part of this being related to startups involved in energy saving and efficiency technologies.

    \n

    Since being founded, the company has managed a total of five investment funds. From these funds, the business has made a series of 83 investments. As a result of these investments, the business has currently made an exit from twelve of these investments.

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    9. Future Energy Ventures

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    Year Founded: 2020

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    HQ: Essen, Germany

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    Size: 11-50

    \n

    Founders: Jan Lozek

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    \n

    Future Energy Ventures is a Energy and Utilities VC firm that was founded in 2020 and is currently based in Essen, Germany. The company is a subsidiary of E.on and invests in companies producing technologies that will transform and redefine the future energy landscape. With its backing, the company has rapidly been making investments.

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    Since being founded, the company has made a series of 62 investments into various startups. At the time of writing, the firm has currently made a successful exit from four of these investments.

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    10. Braemar Energy Ventures

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    Year Founded: 2002

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    HQ: New York, USA

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    Size: 11-50

    \n

    Founders: Neil S. Suslak

    \n

    \n

    Braemar Energy Ventures is a venture capital firm for energy and utilities that was founded in 2002 and is currently based in New York, USA. The company focuses on providing investment in technologies and communications specifically for the energy industry. Funding and support is provided over the entire life cycle of the startup.

    \n

    Since being founded, the firm has successfully managed a pair of investment funds. The company has used these funds to make a series of 100 investments. As it stands currently, the firm has made an exit from 17 of these investments.

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    11. Quantum Energy Partners

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    Year Founded: 1998

    \n

    HQ: Houston, USA

    \n

    Size: 51-100

    \n

    Founders: Wil VanLoh

    \n

    \n

    Quantum Energy Partners is a VC firm that was founded in 1998 and focuses on energy and utilities. The company is based in Houston, USA and provides funding for responsible methods of generating energy and transitioning to new methods. Furthermore, technologies allowing for decarbonization are also frequently invested in.

    \n

    Since the business was founded, it has managed four investment funds and these funds have been used to make ten investments and three acquisitions. As it stands, the company has made an exit from two of its investments.

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    12. Statkraft Ventures

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    Year Founded: 2015

    \n

    HQ: Dussledorf, Germany

    \n

    Size: 11-50

    \n

    Founders: Statkraft

    \n

    \n

    Statkraft Ventures is a German VC firm that was founded in 2015 and is based in Dusseldorf, Germany. The company predominantly provides early-stage funding to a variety of different technology startups within the energy industry.

    \n

    Since being founded, the company has made a series of 25 investments into various companies, with the business having successfully made an exit from two of these investments so far.

    \n

    13. Angeleno Group

    \n

    Year Founded: 2001

    \n

    HQ: LA, USA

    \n

    Size: 11-50

    \n

    Founders: Daniel Weiss, Yaniv Tepper, Zebediah Rice

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    \n

    Angeleno Group is an American Energy and Utilities VC that was founded in 2001 and is currently based in LA. The company focuses its investment efforts on fast-growing companies within the energy industry which can bring a great return on investment. This also means that there is a large emphasis on sustainability.

    \n

    Since being founded, the company has successfully managed two investment funds, with these funds being used to make 31 investments. As it stands, the company has made an exit from eight of these investments.

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    14. EDP Ventures

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    Year Founded: 2008

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    HQ: Lisbon, Portugal

    \n

    Size: 11-50

    \n

    Founders: EDP

    \n

    \n

    EDP Ventures is an Energy and Utilities VC that was founded in 2008 and is currently based in Lisbon, Portugal. The company specializes in making investments in energy efficiency technologies, energy storage and infrastructure, energy mobility and more.

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    The company has made a total of 33 investments since being founded, with the business only making an exit from one of these investments at the time of writing.

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    15. Energy Foundry

    \n

    Year Founded: 2013

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    HQ: Chicago, USA

    \n

    Size: 1-10

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    Founders: Jason Blumberg, Sara Chamberlain

    \n

    \n

    Energy Foundry is an American Energy and Utilities VC that was founded in 2013 and is currently based in Chicago, USA. The business focuses on making early-stage investments into cleantech and energy startups. They also bring connections with the energy companies at the forefront of the market to support these startups.

    \n

    Since being founded, the firm has managed to make a total of 27 investments into energy-related startups. Out of these investments, the business has successfully made an exit from three of them.

    \n

    16. BP Ventures

    \n

    Year Founded: 2012

    \n

    HQ: Palo Alto, USA

    \n

    Size: 11-50

    \n

    Founders: BP

    \n

    \n

    BP Ventures is a VC firm that is backed by the oil and energy giant, BP. The business unit was founded in 2012 and is currently based in Palo Alto, USA. The firm focuses on making investments into high-growth startups that are leveraging technology in the energy market as a whole.

    \n

    Since being founded, the firm has managed to make a series of 71 investments into various startups. As it stands, from these startups, the company has made an exit from twelve.

    \n

    17. Altira Group

    \n

    Year Founded: 1996

    \n

    HQ: Denver, USA

    \n

    Size: 1-10

    \n

    Founders: Dirk McDermott, Robert Shorr

    \n

    \n

    Altira Group is a VC firm that was founded in 1996 and is currently based in Denver, USA. The company focuses its investment efforts on the oil and gas sector, pouring money into innovative service and technology companies within this realm of business.

    \n

    Since the firm was founded, it has managed to make a total of 36 investments in various startups. So far, the business has managed to make an exit from eight of these investments.

    \n

    18. Generate Capital

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    Year Founded: 2014

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    HQ: San Francisco, USA

    \n

    Size: 101-250

    \n

    Founders: Jigar Shah, Matan Friedman, Scott Jacobs

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    \n

    Generate Capital is a finance provider that specializes in energy which was founded in 2014 and is based in San Francisco, USA. The company operates and finances a variety of assets within the energy market, along with others. This helps to create reliable and cost-effective solutions for these markets.

    \n

    Since being founded, the firm has made a total of twelve investments into various businesses. Out of these investments, the firm has only made an exit from two of these, at the time of writing.

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    19. MoreVC

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    Year Founded: 2006

    \n

    HQ: Ra'anana, Israel

    \n

    Size: 1-10

    \n

    Founders: Glen Schwaber, Jack Levy, Meir Ukeles

    \n

    \n

    MoreVC is an Israeli VC firm that was founded in 2006 and is currently based in Ra'anana, Israel. The company focuses on early-stage technology companies and these investments have included notable forays into energy and utilities. With offices across the world, the company has investments in multiple countries,.

    \n

    Since being founded, the company has managed three investment funds and has used these funds to make 44 investments. So far, the company has managed to successfully exit from five of these investments.

    \n

    20. Grid VC

    \n

    Year Founded: 2017

    \n

    HQ: Helsinki, Finland

    \n

    Size: 1-10

    \n

    Founders: Lasse Vuola

    \n

    \n

    Grid VC is a Finnish VC firm that was founded in 2017 and is currently based in Helsinki, Finland. The firm provides early-stage funding for businesses in the energy sector that are innovating new technologies.

    \n

    As it stands, the company has made two investments since being founded and it has not yet made an exit from these investments,

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    21. Hull Street Energy

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    Year Founded: 2014

    \n

    HQ: Bethesda, USA

    \n

    Size: 11-50

    \n

    Founders: Sarah Wright

    \n

    \n

    Hull Street Energy is a Private Equity firm for energy and utilities that was founded in 2014 and is currently based in Bethesda, USA. The company makes investments to improve the overall aspect of life for middle-market energy businesses.\\
    \nSince being founded, the company has managed a single investment fund and this fund has been used to make three acquisitions.

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    FAQs

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    How Much Is The Energy Industry Worth?

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    In 2018 it was suggested that the energy industry is worth $1.85 Trillion.

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    How Much Investment Is In The Energy Industry?

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    Global energy investment in 2021 reached a figure of $1.9 Trillion.

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    How Many Energy Startups Are There?

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    It is impossible to get a global figure for this, however, in Europe there are currently more than 800 cleantech startups.

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    \n\nTop Energy and Utilities VCs...\n\n
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    \nAsaf Fybish\n
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    As a growth marketing expert, Asaf helps startups driving scalable growth through data-driven strategies and innovative marketing techniques.

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