Breakthrough Energy Ventures — 2022 Investments

Circ develops recycling technology that breaks down textile waste, including poly-cotton blends, to recover fibers for producing new materials such as pulp used by fiber manufacturers and apparel brands.

Circular EconomyCleantechClimate TechNew Materials

PMPeter Majeranowski(Chief Executive Officer)in

Co-investorsALAlante CapitalCICirculate CapitalCACard Sound CapitalENEnvisioning PartnersLALansdowne PartnersMAMarubeni+7 more

H2Pro develops Decoupled Water Electrolysis (DWE) technology to produce hydrogen and oxygen at separate times, invented at the Technion, as a lower-cost method for green hydrogen production.

CleantechClimate TechEnergyHardwareCaesarea, IL

GGGideon Grader(Founder)inTMTalmon Marco(Founder)inHDHen Dotan(Founder)inARAvner Rothschild(Founder)inTRTzahi Rodrig(CEO)in

Co-investorsCOContrarian VenturesHOHorizons VenturesININ VentureWIWIND VenturesYAYara Growth VenturesARArcelorMittal+2 more

Mission Zero develops carbon capture technology aimed at converting CO₂ into a usable resource as an alternative to oil.

CleantechClimate TechDeep TechLondon, GB

SGShiladitya Ghosh(Founder)inNCNicholas Chadwick(Founder)inGael Gobaille-Shaw(Founder)Nick Chadwick(Co-founder)Gaël(Co-founder)Shil(Co-founder)

Co-investorsDEDeep Science VenturesTHThird DerivativeWOWorld Fund

Pachama uses computer vision and satellite data to verify reforestation and conservation projects and operates a marketplace that channels funding to forest carbon projects.

Advanced ManufacturingAI & Machine LearningClimate TechEnterprise SoftwareImpact & Social GoodMarketplacesSaaSSan Francisco, US

DSDiego Saez Gil(Founder)inTATomas Aftalion(Founder)inEmma Chastain(Head of Operations)Levi Malott(Senior Engineer)Tim Brechbuehler(Recruiter)Henrrietta Opoku(Director of People)

Co-investorsLOLowercarbon CapitalAGAglae VenturesAIAirAngelsFIFirstrock CapitalJEJetstreamNINimble Partners+31 more

Tempo develops a proprietary thermochemical storage metal-oxide (TSM) material, based on a magnesium compound that stores and releases high-temperature heat, to electrify industrial heat.

Advanced ManufacturingCleantechClimate TechEnergyNew MaterialsEast Lansing, US

DANE A BOYSEN(Executive Officer, Director, Promoter)MEMoawia Eldeeb(Founder)inJKJames Klausner(Founder)inNima Rahmatian(Founder)inKelvin Randhir(Founder)inABAlessandro Bo(Founder)in

Co-investorsKHKhosla VenturesPRPrelude VenturesALAlumni VenturesMIMichigan RiseNENew System VenturesGRGreenoaks+2 more

Vantem is a modular construction company that builds multifamily residential projects for developers using factory-built units assembled on-site.

Advanced ManufacturingConstruction TechPropTechClio, US

Chris Anderson(Founder & Chief Strategy Officer)in

Boardjohn preston(Director)

Houston, US

Glenn Sandgren(Executive Officer)

BoardMark Land(Director)

Board seatCRCooper Rinzler· per SEC Form D · $70M raise · filed Dec 2023

Co-investorsFIFine Structures VenturesRARaptor GroupSQSQN Venture Partners, LLC

Rondo manufactures thermal battery systems that store energy by heating refractory bricks with renewable electricity and release it as continuous industrial heat and power for manufacturing processes.

CleantechClimate TechDeep TechEnergyHardwareCalifornia, US

JOJohn O'Donnell(Founder & Chief Innovation Officer)inJohn ODonnell(Executive Officer, Director)PVPete von Behrens(Founder & Chief Technology Officer)inLily Guse(Executive Officer)inETEric Trusiewicz(Chief Executive Officer)in

BoardDavid Rogers(Director)

Board seatMHMark Hartney· per SEC Form D

Co-investorsENEnergy Impact PartnersCOCongruent VenturesSASABIC VenturesSDSdcl Energy Efficiency Income TrustARAramco VenturesEUEuropean Investment Bank

SparkMeter provides metering and low-voltage transformer-sensing hardware combined with software for billing, payments, prepaid metering, customer and asset management, and grid management.

CleantechEnergyHardwareWashington, US

DSDaniel Schnitzer(Executive Officer, Director)in

BoardDGDaniel Goldman(Director)inBunmi Adekore(Director)TITokunboh Ishmael(Director)inRaymond Jay Dunn(Director)Allison Archambault(Director)

Board seatSila Kiliccote· per SEC Form D

Co-investorsALAlitheia CapitalCACapria VenturesENEndgame CapitalLALateral CapitalCLClean Energy VenturesFAFactor[e] Ventures+1 more

Albedo develops a flight-proven platform for Very Low Earth Orbit operations, providing satellite-based insights and connectivity services for national security and critical infrastructure systems.

Advanced ManufacturingClimate TechDeep TechDefense TechSpace TechDenver, US

THTopher Haddad(Founder)inALAyJay Lasater(Founder)inWTWinston Tri(Founder)inDBDylan Betts(Executive Officer)inAjJay Lasater(Founder)Becca Zukowski(Lead Recruiter)

Co-investorsANAngel Collective Opportunity FundBLBlack FlagBOBooz Allen VenturesCOCommodity CapitalCUCubit CapitalDNDnx Ventures+26 more

Baseload Capital invests in geothermal energy companies and projects, building a portfolio aimed at developing untapped geothermal resources to provide clean, baseload renewable electricity and heat.

CleantechClimate TechEnergyImpact & Social Good

AHAlexander Hellingin

Co-investorsCHChevron Technology VenturesGUGullspång InvestINIngka Investments

Brimstone develops co-production processes to manufacture cement, steel, aluminum, and other critical minerals from a single feedstock in an integrated facility.

Advanced ManufacturingCircular EconomyCleantechConstruction TechNew MaterialsOakland, US

CFCody Finke(Founder)inHugo Leandri(Founder)in

Co-investorsACAccelr8COCollaborative FundCRCreative Destruction Lab (CDL)DCDCVC (Data Collective)FIFifth WallGVGVP Climate+7 more

Data Blanket builds a rugged, easy-to-operate system for deploying and running fleets of autonomous drones that use machine vision and AI to detect and identify threats and deliver real-time aerial situational awareness.

AI & Machine LearningDefense TechRoboticsBellevue, US

GKGur Kimchi(Executive Officer, Director)inOmer Bar-Yohay(Executive Officer, Director)inYair Katz(Executive Officer, Director)CGChristian Garcia(Director)in

BoardDror Berman(Director)

Co-investorsISIsrael Growth Partners

Fleetzero designs and retrofits commercial vessels with battery-electric propulsion systems to decarbonize ocean shipping.

Advanced ManufacturingCleantechClimate TechEnergyHardwareRoboticsHouston, US

SHSteven Henderson(Founder)inMCMike Carter(Founder)inSteven H(Founder)Steven Henderson Michael Carter(Founder)Thomas Smillie(Vice President Engineering)Maggie Belshe(Marketing)

Co-investorsOBObvious VenturesCACantos VenturesDADarco CapitalMAMaersk GrowthPIPioneerY Y Combinator+10 more

Foundational Alloy develops engineering alloys through a solid-state process called MetalsFIRST, in which metal is produced without melting to create microstructures unreachable by conventional metallurgy while controlling oxygen and contaminants.

Advanced ManufacturingDeep TechNew Materials

Jasper Lienhard(Founder)Jake(Co-founder (company strategy, operations, financing, commercialization))Chris Schuh(Founder)Jake Guglin(Founder)Tim Rupert(Founder)

Co-investorsALAlumni VenturesAMAmerica's Frontier FundBABasecamp FundCACastor VenturesELEl Cap EquityMAMaterial Impact+6 more

Geo40 produces natural colloidal silica extracted from geothermal fluids using its own process, offering low-carbon binder products for the refractory and precision investment casting industries.

Advanced ManufacturingCleantechClimate TechEnergyNew Materials

JWJohn Worth(CEO and Managing Director)in

Co-investorsPAPacific Channel

Kodama builds remote-control and AI systems for logging equipment, including its RS1 system that converts skidders into remotely operated "robo-skidders." It serves loggers and forest management operations looking to increase production without adding operators or machines.

AgTechAI & Machine LearningRoboticsAndover, US

MJMerritt Jenkins(Executive Officer, Director)inAndrew Stubbs(Executive Officer)

BoardMatthew Verminski(Director)

Co-investorsALAlumni VenturesBRBreakwater VenturesCOCongruent VenturesDADangerous VenturesMIMission One CapitalNYNYA Ventures+2 more

Neutral produces dairy products with measured and offset carbon footprints.

AgTechClimate TechFoodTechPortland, US

Matt Plitch(Founder)Lawrence Plitch(Executive Officer)

Co-investorsCOCollaborative FundDADarco CapitalGLGlobal BrainKIKirin HoldingsMAMark Cuban CompaniesSHShorewind Capital

New Carbon Inc. (dba Darwin Carbon) is an advanced materials manufacturer producing carbon microfiber products—sheets, tapes, wires, and yarns—that combine structural, electrical, and thermal performance to replace metals, plastics, and concrete.

Deep TechDefense TechNew Materials

MGMichael Gurau(Co-founder & CEO)inDavid Gailus(Co-founder & CTO)

Co-investorsDEDeep FutureA1a16z cryptoAHAhren Innovation CapitalBRBreyer CapitalCACarbonCACarbon Removal Partners+7 more

Verdox develops an electrochemical carbon capture system that uses electrical energy alone to capture and release CO₂ from both industrial point sources and ambient air.

CleantechClimate TechDeep Tech

Alan Hatton(Founder)Brian Baynes(Founder)Sahag Voskian(Founder)

Co-investorsAZAzolla VenturesLOLowercarbon CapitalOUOUP (Osage University Partners)PRPrime Impact Fund

WeaveGrid provides software and grid management solutions that help utilities integrate electric vehicle charging and distributed energy resources without expanding infrastructure.

Climate TechEnergyIoTSaaSSan Francisco, US

ABApoorv Bhargava(CEO and Cofounder)inJTJohn Taggart(President and Cofounder)in

Co-investorsACACTIVATE CAPITAL PARTNERSCLClimacticCOCoatue ManagementCOCollaborative FundCOCongruent VenturesHEHead & Heart Capital+5 more

Xcimer Energy develops laser-driven inertial fusion technology, aiming to turn decades of fusion research into commercial fusion power plants that provide large-scale electricity while supporting air defense and national security applications.

CleantechDeep TechEnergyDenver, US

CGConner Galloway(Founder)inAVAlexander Valys(Founder)inBGBrent Gill(Chief Operating Officer)inGSGary Sobolevskiy(General Counsel)in

Co-investorsGIGigascale CapitalLELeitmotifLOLowercarbon CapitalPRPrelude VenturesRTRTX VenturesWIWireframe Ventures+1 more