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First Reserve Corporation

One Lafayette Place, Greenwich, CT, 06830, United States

Overview

First Reserve Corporation is a private equity investment firm that focuses on investing in the energy industry. Having 40 years of market knowledge, investment know-how, and operational competence, the Firm has built a strong global network of connections and raised more than US $32 billion in total capital since its founding.

Total investments
2
Lead investments
1
Investments · 12mo
1
Active investors
0

Sector focus

  • Business Development
  • Energy
  • Infrastructure
  • Service Industry
  • Venture Capital
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Investment portfolio

  • Venterra

    Participated · Equity · Dec 2025

    Venterra Group is a UK-headquartered company that supports the offshore wind sector with survey, engineering, construction and installation services. Since 2021, it has executed an active acquisition strategy, bringing together specialist firms to create an integrated service platform for developers across Europe, the United States and the Asia-Pacific region. Its offering spans the full project lifecycle, enabling clients to accelerate project delivery and reduce risk. The firm’s growth strategy relies on expanding geographic coverage and deepening technical capabilities through further investment and M&A. The newly secured capital will be directed toward strengthening core competencies and funding innovation initiatives aimed at advancing the energy transition. While the company has not disclosed revenue or customer figures, management emphasizes the expertise of its workforce as a competitive advantage.

  • Omni Conversion Technologies

    Led · Equity · Jan 2008

    Plasco Energy Group uses proprietary technology to convert municipal solid waste (MSW) into PlascoSyngas, clean water and construction aggregate. The produced PlascoSyngas is used to fuel engines to generate electricity with a low emissions footprint, leaving less than two percent of processed MSW for landfill disposal. The company operates an existing plant in Ottawa and cites its performance and a strong pipeline of contract opportunities as validation of its technology. Proceeds from the new financing are earmarked to fund commercial projects across Canada, the United States (California), the United Kingdom, Poland, the Caribbean, and China. Management states the capital bolsters the balance sheet and positions the company to execute multiple projects that have emerged since its prior financing. The article does not disclose revenue or other user metrics. Plasco’s core product is the Plasco Conversion System, a proprietary technology that converts municipal solid waste into electricity, clean water and clean aggregate. The company owns and operates a 100 ton-per-day plant in Ottawa and, via a joint venture with Hera Holdings, a 5 ton-per-day R&D facility in Castellgali, Spain. Plasco is developing waste-conversion facilities in North America, Europe and China and has a signed contract for a 300 tonne-per-day facility in Red Deer to be completed in 2012. The recent capital raise is intended to enable commercial delivery of its proven technology and strengthen the company’s financial base. To date Plasco has received grants and loans (including a $9.6M grant from SDTC, a $4M loan from Ontario’s Ministry of Research and Innovation and a $10M loan from Export Development Canada) alongside private equity investments. Plasco Energy developed the Plasco Conversion System (PCS), which uses plasma torches to break waste to a molecular level and recombine outputs into heat, slag, solid sulphur and a synthetic gas. The synthetic gas is used to fuel internal combustion engines to generate electricity at the company’s Trail Road demonstration facility in Ottawa. The demonstration plant, completed in June 2007, produces roughly 5.1 MW of electricity for every 85 tonnes of waste processed; 80% of power is sold to Ottawa’s hydro grid and the rest powers the facility. The facility receives $40 per tonne to divert the city’s waste and operated as a two-year trial funded by several parties including the federal government. If the benefits outweigh the costs, Plasco says more facilities of the same type may be constructed. The company moved into regular receipt of municipal waste in early 2008 as the demonstration transitioned from trial operations.

Team

No current team members are available.