Participated · Series A · Aug 2024

Power to Hydrogen develops AEM (anion exchange membrane) electrolysis technology that converts renewable electricity and water into high‑pressure hydrogen using earth‑abundant materials. Its core product enables high current density and high‑pressure green hydrogen production while meeting industry durability requirements. The company is completing development of an industrial‑scale electrolysis stack and system for what it calls the largest AEM electrolysis stack installment in the world. Funding will support global expansion of R&D, manufacturing, sales, and marketing and growth of its U.S. team in Columbus, Ohio, plus new offices in Belgium. Rev1 Ventures and corporate partner Worthington Enterprises are backing the company, and Rev1 provides strategic services and customer collaborations alongside capital. To date Power to Hydrogen has secured over $18MM in total funding to advance commercialization of its technology.

Participated · Series B · Sep 2022

Datamaran provides an AI-powered software analytics platform that identifies and monitors external risks, including ESG, to support governance and risk management. Its platform monitors over 400 external risk factors, tracks more than 4,000 ESG regulations and standards, and includes a database of 9,000 companies for benchmarking. Nearly 200 clients use the platform, including Dell, Cisco, AB InBev, Deloitte, Pepsico and the European Financial Advisory Reporting Group (EFRAG). As a 10-year-old company, Datamaran says it has more than doubled subscription revenue in the 18 months since its last funding round. The company will use proceeds to accelerate growth in the U.S. and Europe and to further advance initiatives in generative AI. Datamaran's technology has been recognized by EFRAG as a best practice for in-house materiality analysis and risk monitoring. Datamaran provides an ESG risk management software analytics platform that identifies and monitors external risks, including ESG. Its patented technology offers real-time analytics on strategic, regulatory, and reputational risks specific to a business and value chain. The platform is used by blue-chip companies and top-tier partners and has been recognized by the European regulator EFRAG for enabling in-house, data-driven materiality analysis and risk monitoring. Led by CEO Marjella Lecourt-Alma, the company plans to use newly raised funds to enable additional product innovation and to expand its U.S. team. The financing will support scaling to meet the needs of the expanding ESG insights market. Datamaran is based in London, UK.

Participated · Series A · Feb 2022

Allumia offers an EaaS technology platform that automates the full lifecycle of commercial and industrial efficiency projects, including solution design, project workflow, document management, performance monitoring, revenue-grade metering, M&V, monthly billing, and long-term maintenance. The platform enables utilities to deliver and fund efficiency projects at scale while reducing costs for discovery, project management, metering and verification, and ongoing service. Allumia finances, installs, and maintains efficiency solutions for customers and shares a percentage of savings, using a shared-savings model to shift capital and performance risk away from end customers. The company serves commercial and industrial customers nationwide and also works through utility partnerships. Management plans to continue developing the core technology and grow the team to expand deployment into the mass C&I market. The company recently completed a financing to support product development and scale.

Participated · Series C · Aug 2021

Urbint is an AI platform led by CEO Corey Capasso that uses industry science to surface risk at the point of work and prevent safety incidents. The company’s core solution helps energy and infrastructure companies prevent worker injuries and asset damage by identifying threats to workers, critical infrastructure, and communities. Urbint offers a dedicated product, Urbint for Storm Response, which centralizes management of storm and natural disaster response, including logistics, emergency work, and real-time resource allocation. Many of the largest energy and infrastructure companies in North America use Urbint’s platform. The company raised $35M in strategic/growth equity funding and intends to use the proceeds to further develop resiliency and storm response solutions for utilities. No operating metrics or past-round financial details were provided in the article. Urbint provides a software platform that leverages real-world data and artificial intelligence to predict threats to workers and critical infrastructure and stop incidents before they occur. The platform delivers a clear picture of risk up to a week in advance, enabling decision makers to take action in the right place at the right time. Many of the largest energy and infrastructure companies in North America use Urbint to protect workers, assets, and communities; customers include National Grid and Southern Company. The company is led by founder and CEO Corey Capasso. Urbint intends to use the funding to scale its technology and introduce new solutions to meet demand for its incident prevention software. The company has raised a total of $109M to date. Urbint provides an AI-powered Field Risk Management platform that predicts and prevents threats to critical infrastructure and the workers who maintain it. The platform pinpoints risk across construction, servicing, replacement, and protection of infrastructure. More than 40 utilities and asset operators across North America use Urbint to make risk-driven safety decisions. Customers include National Grid, Southern Company, Con Edison, Exelon, Dominion, NiSource, and Xcel Energy. The company will use the $20M Series B to scale its Field Risk Management platform and expand into new industries and countries. Urbint is led by founder and CEO Corey Capasso. Urbint builds artificial intelligence software that quantifies and predicts risk across gas distribution infrastructure to help utilities allocate resources and reduce safety incidents. Its core product is an AI-based enterprise risk platform and a proprietary model that gives operators insight into external factors driving risk on distribution pipeline systems in real time. The company plans to accelerate development of that enterprise risk platform, advance R&D on risk-based solutions, and begin international expansion. Urbint recently acquired Opvantek, extending its software to assess risk on more than 25% of U.S. natural gas distribution pipelines. It now services the majority of the North American natural gas utility industry, including nine of the top ten largest gas utilities. Named utility partners include National Grid, Southern Company, Con Edison, Exelon, Dominion, NiSource, and Xcel Energy.

Participated · Series D · May 2021

Mainspring Energy develops linear generator power products that are fully dispatchable, low‑emission, fuel‑flexible, and scalable from 250 kW to 100+ MW. The units are designed for easy siting and permitting, and the company says the products are easily manufacturable and can scale from single units to grid‑level arrays. Mainspring reports commercial shipments began in 2020 and that it currently has hundreds of megawatts in field operations and advanced development for Fortune 500 companies and utilities. Its technology has been adopted across data centers, EV charging microgrids, commercial buildings, residential developments, cold storage, hospitals, and wastewater treatment plants. The company plans to use new financing to expand manufacturing, grow customer sales, and scale its linear generator business globally. With low emissions and fuel flexibility, Mainspring positions its product to support resilient, low‑carbon power deployment. Mainspring Energy develops and sells linear generators that produce low- or zero-carbon electricity for commercial, industrial, datacenter and utility customers. The company is led by CEO Shannon Miller and counts customers such as Kroger, Lineage Logistics, PG&E and Florida Power & Light. Mainspring’s products are fuel-flexible and intended to increase energy resilience, reduce costs, and help customers meet sustainability goals. The company plans to use the new funding to develop new linear generator models and to accelerate commercial and utility adoption. It also announced a commercial agreement with Lineage Logistics to deploy up to 150 units across Lineage’s U.S. distribution facilities and to explore deployments outside the U.S. and the use of 100% green fuels. Mainspring Energy develops the Mainspring Linear Generator, an onsite, dispatchable, fuel‑flexible power generator that can run on conventional fuels and 100% renewable fuels. The company shipped its first product in mid‑2020 and has pursued deployments across commercial, industrial, microgrid, and utility customers, including big‑box retail, grocery, logistics, telecommunications, agriculture, wastewater treatment, and Fortune 500 utilities. Mainspring recently secured a $150 million unit purchase and project finance agreement with NextEra Energy Resources to promote deployment and renewable fuels adoption. The company plans to use new financing to scale U.S. customer deployments, expand manufacturing operations, and grow staff by more than 50%. Mainspring positions its technology as dispatchable and low‑cost, intended to enable greater use of solar and wind while reducing carbon and improving resilience. Guidehouse Insights is cited on the large market opportunity for distributed generation, estimated at $86 billion in 2020 and $212 billion by 2030. Mainspring is based in Menlo Park, Calif., and is backed by venture, strategic, and financial investors. EtaGen produces linear generators that use a low-temperature reaction of air and natural gas to drive magnets through copper coils and generate electricity. The company targets onsite electric power for commercial customers across industries such as utilities, grocery, banking, logistics, retail and telecom. EtaGen plans installations with customers in those industries and will use new funding to scale manufacturing and operations. The financing will also support expansion of its sales, marketing, and service teams. EtaGen is led by CEO Shannon Miller and was founded in 2010.