Participated · Series B · Feb 2024

INERATEC develops modular chemical plants for Power-to-X and gas-to-liquid applications that convert renewable hydrogen and CO2 into drop-in e-fuels (e-kerosene, CO2-neutral gasoline, clean diesel) and synthetic chemicals (waxes, methanol, SNG). Founded in 2016, the company focuses on decarbonizing hard-to-abate industries such as aviation, shipping, road transport, and chemicals. It has raised over $129 million in a Series B to scale up production and begin mass manufacturing of industrial-scale Power-to-X units. INERATEC is already building its largest factory to date in Frankfurt and is expanding via projects in the Netherlands and Chile. Management says the planned expansion will increase production roughly 1,500-fold and could recycle more than 12,000,000 metric tons of CO2 annually. The financing is intended to accelerate mass production and global deployment of its modular plants to meet rising demand for drop-in e-fuels.

Participated · Series B · Jan 2024

Ineratec develops modular chemical plants for Power-to-X and gas-to-liquid applications that convert hydrogen from renewable electricity and greenhouse gases such as CO2 into e-kerosene, CO2-neutral gasoline, clean diesel, synthetic waxes, methanol and SNG. The company supplies sustainable e-fuels and chemical products and has implemented industrial-scale power-to-liquid plants at German sites, including use cases in aviation. Founded in 2016 and based in Karlsruhe, Germany, Ineratec is expanding internationally with projects in the Netherlands and Chile and is constructing its largest plant to date in Frankfurt. The firm intends to use the new capital to begin mass production of industrial-scale Power-to-X plants worldwide and advance e-fuel production from recycled CO2 and renewable energy. Management is led by Philipp Engelkamp, Ingo Katz, Tim Boeltken and Caspar Schuchmann. Financially, the company completed a major Series B raise in January 2024. Ineratec develops modular chemical plants and compact reactor technology for Power-to-X and Gas-to-Liquid/Power-to-Liquid processes that convert renewable electricity and CO2 into synthetic fuels and chemical feedstocks. Its compact reactors are transportable in containers, offer high load flexibility and quick start-up/shutdown times, and enable a decentralized, modular numbering-up approach suited to fluctuating wind and solar power. The company aims to decarbonize aviation, shipping, automotive and chemical industries by supplying sustainable e-fuels and materials and says it will scale production toward the megaton scale. Ineratec opened a pilot e-kerosene plant in Emsland in 2021 and planned an industrial pioneer plant near Frankfurt Airport for production starting in 2022. The company states that up to 4.6 million litres of e-fuels can be produced annually from up to 10,000 tons of biogenic CO2 and renewable electricity at its planned facility. Founded in 2014 by Tim Böltken, Philipp Engelkamp and Paolo Piermartini (with Prof. Peter Pfeifer/KIT), Ineratec is based in Karlsruhe, Germany.

Led · Equity · Oct 2020

Enernet Global is a distributed energy service provider that finances, builds, owns and operates microgrids and distributed energy resources on a global basis. Its projects combine renewable energy, battery storage, cogeneration and existing thermal or grid supply and are underpinned by a proprietary technology platform for design and optimization. Enernet sells energy and services through power purchase agreements and delivers systems at no capital cost to customers under an Energy-as-a-Service model. The company says this approach lowers customer costs, increases resilience and independence, and reduces CO2 emissions for sectors including mining, hospitality, island development, commercial and industrial, remote communities, agriculture and utilities. Enernet has operations in Australia, the Philippines, the Caribbean and has recently expanded into Sub-Saharan Africa. In October 2020 the company announced $6.5 million in Series A funding from Kyuden International Corporation and MPC Capital.