EIP Closes Over $ 1 Billion In Latest Flagship Fund To Accelerate Global Push Toward Net Zero | National company


NEW YORK – (BUSINESS WIRE) – November 11, 2021–

Energy Impact Partners LP (EIP), a global venture capital firm leading the transition to a sustainable future, today announced the definitive closure of its latest flagship fund with over $ 1 billion in capital commitments. The Fund brings together one of the industry’s most comprehensive ecosystems of strategic and financial investors in utilities, energy, real estate, mobility and industry that accelerate progress towards net GHG emissions by investing in venture capital and growth companies offering critical climate solutions. .

Founded by a team of industry veterans in 2015, EIP is tailor-made to lead the transition to a zero carbon economy. Today, with nearly 60 professionals in six global offices, EIP manages more than $ 2 billion in assets under management in start-up, venture capital, growth, credit and infrastructure investments. The EIP team is made up of experienced investors, researchers and technologists who work closely with the company’s strategic sponsors to accelerate their own path to net zero and catalyze the growth of the company’s innovative climate investment portfolio. EIP. EIP has established one of the largest climate-focused venture capital technology portfolios in the world with over 75 investments ranging from breakthrough technology start-ups to established enterprise platforms.

“We are delighted to bring together an even broader coalition of utilities and industry focused on creating a sustainable future,” said Hans Kobler, Founder and Managing Partner of EIP. “Tackling climate change is a major challenge and opportunity that can only be solved by working together. Our unique engagement model helps our partners innovate, drives the growth of our investments and thus maximizes the real climate impact in the short term. “

EIP seeks inspired entrepreneurs who reimagine the future and help them evolve by leveraging its coalition of strategic partners. Given EIP’s distinct approach, highlights of the firm’s portfolio investments where EIP led the Series A investment include: Dragos, the world’s largest industrial cybersecurity firm whose latest round of funds valued the company at $ 1.7 billion; Arcadia, a software platform connecting businesses and consumers to clean energy solutions; and Enchanted Rock, an industry-leading reliability platform for decarbonization and grid electrification. These examples, along with the other companies in the EIP portfolio, are essential to accelerate the energy transition.

Fund II comprises a group of leading partner companies and investors, including:

Alliant Energy (NASDAQ: LNT), Ameren Corp. (NYSE: AEE), AvalonBay (NYSE: AVB), Avista Corp. (NYSE: AVA), Burns & McDonnell, Cox Enterprises, Duke Energy (NYSE: DUK), EDF Group (Euronext Paris) through its venture capital subsidiary EDF Pulse Holding, Emera Inc. (TSX: EMA) , ENMAX Corporation, Entergy Corporation (NYSE: ETR), Enterprise Holdings, Evergy Inc. (NYSE: EVRG), FirstEnergy Corp. (NYSE: FE), Fortis Inc. (TSX, NYSE: FTS), Hawaiian Electric Industries, Inc. (NYSE: HE), Hydro One Ltd (TSE: H), MGE Energy, Inc. (NASDAQ: MGEE), Microsoft (NASDAQ: MSFT), through its Climate Innovation Fund, OGE Energy Corp. (NYSE: OGE), Park Hotels & Resorts (NYSE: PK), Pinnacle West Capital Corporation (NYSE: PNW), Portland General Electric Company (NYSE: POR), PPL Corporation (NYSE: PPL), Public Storage (NYSE: PSA ), Southern Company (NYSE: SO), TC Energy Corporation (TSX, NYSE: TRP), Tennessee Valley Authority Asset Retirement Trust, Williams (NYSE: WMB) and Xcel Energy (NASDAQ: XEL) among others.

“As a founding partner of Energy Impact Partners, Southern Company continues to believe in the platform’s mission to find and support companies that are helping the world’s transition to a sustainable energy future. Equally important are the more in-depth conversations we have with portfolio companies about technology and business model innovation – we have engaged over half of the portfolio companies in these conversations. We see this as vital to the future of our business, our ability to meet our sustainability goals and deliver the energy solutions our customers need, ”said Christopher Cummiskey, Executive Vice President and Director of Customer Solutions, Southern Company.

EIP’s approach relies on close collaboration with incumbent industry operators who can have an immediate impact given the scope of their activities. Building on this successful strategy, Fund II has already made significant investments in more than a dozen promising technology companies.

“Creating a cleaner energy future depends on what we do today,” said David Hutchens, President and CEO of Fortis Inc. “By joining the EIP Sponsors Advisory Board, sharing our expertise and By cultivating a culture of innovation at Fortis, we are investing in the most transformative new ideas in our industry.

Bob Frenzel, President and CEO of Xcel Energy said: “As the first major US electricity supplier to announce its vision of providing its customers with 100% carbon-free electricity, Xcel Energy is committed to building a clean and sustainable energy future. We have long supported Energy Impact Partners and are proud to have invested in this fund. We are eager to see innovation and new technologies as they arise. “

Please send an email to contact@energyimpactpartners.com for more information on Fund II or visit www.energyimpactpartners.com.

About energy impact partners

Energy Impact Partners, LP (EIP) is a global venture capital firm leading the transition to a sustainable future. The EIP brings together the most forward-looking entrepreneurs and energy and industrial companies to drive innovation forward. With over $ 2.0 billion in assets under management, EIP invests globally in venture capital, growth, credit and infrastructure – and has a team of nearly 60 professionals based in its offices in New York, San Francisco, Palm Beach, London, Cologne and Oslo. . For more information on EIP, please visit www.energyimpactpartners.com.

See the source version on businesswire.com: https://www.businesswire.com/news/home/20211111005453/en/

CONTACT: Tori McDonnell

Silverline Communications – on behalf of EIP





SOURCE: Energy Impact Partners LP

Copyright Business Wire 2021.

PUB: 11/11/2021 07:03 / DISC: 11/11/2021 07:03



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