Participated · Equity · Dec 2025

Blykalla is an advanced nuclear-technology company focused on the SEALER reactor, a compact, lead-cooled fast reactor intended to provide stable, emission-free baseload electricity. The company positions SEALER for both national grids and rapidly growing hyperscale data-center markets whose power needs are increasing with AI adoption. With its latest funding, Blykalla will scale verification and validation activities at the Advanced Reactor Testing Site in Oskarshamn, progress detailed design and construction of its first reactor unit, and accelerate commercial and regulatory work to secure a deployment site and permits. A newly signed Joint Technical Development Agreement with U.S. reactor developer Oklo enables the two firms to coordinate licensing, component procurement, fuel supply, and broader supply-chain efforts, aiming to shorten timelines and reduce risk. Strategically, Blykalla also taps expertise from industrial partners such as Uniper, KSB, and ABB. The company has now raised an additional $50 million, strengthening its balance sheet as it moves toward initial deployment; no revenue or customer metrics were disclosed in the articles.

Participated · Series B · Apr 2025

Electra has developed a proprietary electro-chemical process that produces 99% pure iron using renewable electricity, enabling low-carbon, high-grade steel and other advanced material applications. Its modular system design supports phased, rapid expansion, minimizing upfront capital outlays and accelerating time to market. The company recently brought a demonstration facility online and has already secured advanced purchase orders from industry leaders such as Nucor, Toyota Tsusho, and INTERFER Edelstahl Group, signaling early commercial traction. Electra also executed its first Environmental Attribute Credit agreement with Meta, highlighting demand for its green iron outputs. Financially, the firm closed a $186 million Series B round in 2025, won a $50 million Breakthrough Energy Catalyst award, and received Colorado’s inaugural $8 million clean-industry tax credit. The new venture debt facility strengthens its balance sheet as it prepares for its first commercial-scale plant.

Participated · Series A · Mar 2025

Founded in 2020, Supercritical Solutions has built what it says is the world’s first high-pressure, ultra-efficient electrolyser, capable of delivering hydrogen and oxygen at pressures above 220 bar. The system achieves full-system efficiencies at energy consumption levels as low as 42 kWh per kilogram of hydrogen while maintaining 99 % product purity. By eliminating PFAS, membranes, iridium and other rare earth materials, the company seeks to drive green hydrogen production costs below £1 per kilogram within this decade. Management reports “several key commercial commitments” and has opened a waiting list to meet growing demand. The technology is positioned to help heavy industry shift from grey to green hydrogen and support national initiatives such as Morocco’s “Morocco Offer” for green hydrogen. Supercritical’s differentiated approach is framed as both scalable and cost-effective, aiming to accelerate the global energy transition.

Participated · Series A · Dec 2024

Mojave's core product, ArctiDry, is a patented liquid desiccant Dedicated Outdoor Air System (DOAS) that independently controls dew point and dry bulb to dehumidify without overcooling. The company reports an ISMRE2 efficiency rating up to 11 lbs/kWh and claims electricity reductions of up to 50% (40–60% energy use reduction versus alternatives). ArctiDry began shipping earlier in 2024 and Mojave manufactures and ships units from its Anderson, South Carolina facility. Mojave has signed 19 firms to its Sales Partner Network and will continue U.S. expansion in 2025. Near-term product plans include ArctiDry HP, integrating liquid desiccant with a reversible heat pump to enable electricity savings and zero-carbon wintertime operation, and ongoing electrochemical regeneration research. The company is also executing phase two of a Department of Energy project to demonstrate field energy efficiency and reliability across building types. Mojave builds a liquid desiccant dedicated outdoor air system (DOAS) that uses a high‑concentration salt solution to passively remove moisture and deliver cool, dry outdoor air. Its third‑generation platform reportedly halves the energy required for fresh air dehumidification and uses about 20% less refrigerant than existing systems. The saturated desiccant is regenerated using only waste heat from the system, eliminating external heating or cooling and achieving roughly double the moisture‑removal efficiency versus traditional vapor‑compression approaches. Mojave’s units can drop into existing HVAC infrastructure, require minimal maintenance, and independently control temperature and humidity to improve indoor air quality; the desiccant also has biocidal properties that can reduce bacteria and viruses. The company is running several field pilots and plans a commercial launch in January 2024. Mojave will use new capital for go‑to‑market and commercialization rollout, manufacturing initial orders, and continued R&D.

Led · Equity · Nov 2023

BeeX develops autonomous underwater drones designed to perform recurrent, regulation-compliant inspections that are cheaper than conventional methods. Its drones have been deployed across Asia-Pacific and Europe to serve offshore wind, oil and gas, subsea cable operators and coastal infrastructure managers. The company also pursues defence applications, including a partnership with Singapore’s Ministry of Defence for national security uses. BeeX is headquartered in Singapore and focuses on expanding operational reach and technological capabilities to meet commercial and defence demand. The recent US$7.7 million Series A will fund fleet expansion and further capability development.