Energy Impact Partners
Canvas Category Consultancy : Company : Venture Capital
investing in exceptional companies decarbonizing the global economy. we bring together brilliant entrepreneurs and some of the world’s most influential corporates to help transform the global economy towards a sustainable future.
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Reverion raises €56 million for serial production of renewable power plants
Reverion, a company building reversible, carbon-negative power plants, announced it had raised €56 million in Series A funding, including non-dilutive funding. The oversubscribed round was led by Energy Impact Partners (EIP) with participation from Honda and the European Innovation Council Fund (EIC Fund). Existing investors Extantia Capital, UVC Partners, Green Generation Fund, Doral Energy-Tech Ventures, and Possible Ventures also joined the round. This funding will enable Reverion to begin serial production of its power plants and meet over $100 million in customer pre-orders collected to date.
Reverion’s patented technology is paving the way to 100% renewable energy by using the full potential of biogas. Their reversible power plants overcome the limitations of conventional technologies for power generation from biogas, significantly increasing revenue for operators from the same biomass. Unlike conventional gas engines, which are inefficient and emit millions of tonnes of CO2 annually worldwide, Reverion’s fuel cell-based plants achieve up to 80% efficiency in power generation, doubling the electricity output of gas engines.
Terragia Secures $6M to Develop Cost-Competitive, Low-Carbon Biofuel Technology
Terragia Biofuel, a technology startup aiming to drive the next generation of biofuels, announced it has raised a $6 million seed round led by Engine Ventures and Energy Impact Partners (EIP). The company will use the capital to commercialize its novel biology-based approach to converting cellulosic biomass into ethanol and other products, expand its employee headcount and initiate partnerships with major biofuel producers.
Terragia uses engineered thermophilic bacteria to break down cellulosic biomass and convert it into ethanol and other chemical products. The company’s technology avoids key features responsible for the high cost of conventional cellulosic biofuel production by one-step “consolidated” bioprocessing without added enzymes, and leveraging mechanical disruption during fermentation (i.e., “cotreatment”) in lieu of thermochemical pretreatment.
In partnership with Dartmouth College and the University of Campinas, the ongoing development of Terragia’s technology is supported by funding from the U.S. Department of Energy Center for Bioenergy Innovation and the São Paulo Research Foundation, by grants from the U.S. Department of Agriculture and National Science Foundation, as well as private capital.
Electric Hydrogen Raises $380 Million to Transform the Economics of Green Hydrogen Production
ELECTRIC HYDROGEN (EH2) announced the successful completion of an oversubscribed $380 million Series C financing. The new capital will accelerate the company’s manufacturing and deployment plans to meet strong customer demand for its power-dense green hydrogen systems. The funding round was led by Fortescue, Fifth Wall and Energy Impact Partners.
EH2’s electrolyzer systems produce green hydrogen from renewable electricity and water. Green hydrogen is needed for decarbonizing vital industrial processes such as fertilizer production, steelmaking, base chemicals and many others. Until now, switching from fossil-based sources to renewable green hydrogen has been too costly to be implemented at scale. EH2 is manufacturing and plans to deliver and commission 100 megawatt (MW) electrolyzer systems, each capable of producing nearly 50 tons of green hydrogen per day at transformational low cost to help its customers meet their decarbonization goals.
⛏️ Ceibo Raises $30 million to Scale Advanced Copper Extraction Technology
Ceibo, an advanced copper extraction technology company, today announced it has raised a $30 million Series B financing. The round was led by Energy Impact Partners, with participation from a syndicate of new mining-focused investors including CoTec Holdings, Audley, Orion Resources, Unearth and Pincus Green along with existing investors Khosla Ventures and Aurus Ventures. The funding round will enable Ceibo to accelerate the scale-up of its proprietary technology, drive several on-site trials and prove the technology’s value and versatility at scale.
Cyclic Materials Raises $27m Series A to Scale Advanced Critical Metals Recycling Technology
Cyclic Materials, an advanced metals recycling company focused on producing critical materials, announced it has raised $27 million in an oversubscribed Series A financing. The round was led by Energy Impact Partners (EIP) and BMW i Ventures (BiV) and included participation from Fifth Wall, Bioindustrial Innovation Canada (BIC), and existing Cyclic Materials investor Planetary Technologies. This funding round brings the company’s total capital raised to over $30 million and will contribute to the scale up of its technologies.
Founded in 2021, Cyclic Materials is creating a more sustainable, domestic supply chain for rare earth elements (REEs) and other metals through an innovative recycling process that re-circulates REEs back into the manufacturing process, reducing the environmental impact of the global energy transition. REEs are critical to electrification and decarbonization as they are key components of electric vehicle motors, wind turbines, and consumer and industrial appliances.
In addition, Cyclic Materials’ process recycles copper, aluminum, steel, cobalt, and nickel – metals that are also required for electrification and decarbonization. Electric vehicles, for example, require two and a half times as much copper as internal combustion vehicles. Beyond electric vehicles, copper is necessary for renewables, transmission & distribution infrastructure, and battery storage technologies.
Scythe Secures $42M Series B Financing
Scythe Robotics, the company developing advanced, commercial-grade autonomous solutions for the professional landscape industry, today announced it has raised $42 million in Series B financing. The round was led by Energy Impact Partners and included additional new investors ArcTern Ventures, Alumni Ventures, and Amazon’s Alexa Fund alongside participation from existing investors True Ventures, Inspired Capital and more. The funding will help Scythe meet demand for the more than 7,500 reservations for its all-electric, fully autonomous M.52 mower placed by commercial landscape businesses nationwide. This financing round brings the company’s total capital raised to date to $60.6 million.