Fundraising Fox

Constellation Technology Ventures

Corporate VC

Baltimore · Seed–Growth · 28 people tracked

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Investment thesis

CTV backs category-defining startups on a path to venture-scale returns that can advance the energy industry and unlock unique commercial value through an investment from Constellation. Its focus spans large, interconnected markets: power and renewables (both hardware and software across the power sector), electrification and EV technologies enabling the transition to net-zero emissions across commercial, industrial and residential segments, emissions management (removal, monitoring, verification, and attribute tracking and trading), and digital strategies driven by digitalization trends in the energy sector. CTV collaborates with Constellation's operating businesses and customers to help portfolio companies grow, offering support beyond capital, including follow-on raises and commercial introductions.

Source: firm website, verified Aug 7, 2026.

Stage
Seed–Growth
Check
$2M – $10M
HQ
Baltimore, Maryland, US
Leads rounds
Leads
Instruments
Equity
Founded
2010
Last 12 months
1 investment
Tracked investments
22

Team · 28 people

from the firm's website & curated & public directories
Joseph Dominguez· President and Chief Executive Officerin
Evan Ganz· Principalin𝕏
Nate Bender· Principal, Venture Investingin
Admiral John M. Richardson· Independent Director
Andrew Novotny· President and Chief Executive Officer, Calpine - Senior Executive Vice President, Constellation Power Operations
Ashish Khandpur· Independent Director
Bradley M. Halverson· Independent Director
Bryan Hanson· Senior Executive Vice President and Chief Generation Officerin
Caleb Stephenson· Executive Vice President, Commercial Operations
Charles L. Harrington· Independent Director
Daniel L. Eggers· Senior Executive Vice President, Finance and Data Economy
Dhiaa Jamil· Independent Director
Eileen Paterson· Independent Director
Emily Duncan· Senior Vice President, Strategy, Corporate Affairs and Advocacyin
James McHugh· Senior Executive Vice President and Chief Commercial Officer
Julie Holzrichter· Independent Director
Matthew Price· Executive Vice President, Chief Legal Officer and General Counselin
Mike Koehler· Executive Vice President and Chief Administration Officerin
Nneka Rimmer· Independent Directorin
Robert J. Lawless· Chairman; Independent Director
Yves C. de Balmann· Independent Director

What they invest in

from 22 of 22 portfolio companies

Energy ×17Cleantech ×16SaaS ×9AI & Machine Learning ×7Climate Tech ×7Hardware ×7Data & Infrastructure ×4Enterprise Software ×4

HQs:United States×16Ireland×1

Who they back

founder profiles across 16 portfolio companies
56%
solo founders
9 of 16 mapped founding teams

Founding team size:solo founder×92 founders×53 founders×2

Accelerator rootsportfolio companies that came through a program

Techstars ×2

Investments · 22 tracked

founders shown can be your intro path

By year:2026 · 12024 · 12023 · 12022 · 14 dated

Bloom Energybloomenergy.comin𝕏NYSE: BE

Bloom Energy manufactures solid oxide fuel cell systems for onsite power generation at commercial, industrial, and data center facilities.

CleantechEnergyHardware

K.R. Sridhar(Founder, Chairman, and CEO)

Co-investorsArtis VenturesDag VenturesEnerdigm VenturesG SquaredJC2 VenturesKleiner Perkins+7 more

STEMstem.cominNYSE: STEM

Stem provides an integrated software suite, PowerTrack, for monitoring, developing, deploying, and operating solar and energy storage assets, serving asset owners, operators, and stakeholders in the clean energy sector.

CleantechEnergySaaS

Co-investorsACTIVATE CAPITAL PARTNERSPUSH VenturesWIND VenturesMithril Capital Management

Swtchenergyswtchenergy.comin✓ verified

SWTCH provides EV charging solutions for buildings that leverage existing electrical infrastructure, enabling cost-effective charging deployment and support for growing EV adoption in the built environment.

CleantechConstruction TechEnergySaaS

Carter Li(Founder & CEO)in

Co-investorsActive Impact InvestmentsAligned Climate CapitalBlue Earth Capital AG

AtmosZeroatmoszero.energyin𝕏Mar 2026 · $21M

AtmosZero builds modular electrified heat pump boilers that draw heat from ambient air to produce emissions-free industrial steam as a drop-in replacement for fuel-burning boilers.

CleantechClimate TechEnergy

Addison Stark(Founder)in

Co-investorsEnergy Impact PartnersThe Engine VenturesAENUMitsubishi Heavy IndustriesStarlight VenturesVXI Capital

bidgelybidgely.com

Bidgely offers UtilityAI, a platform that uses patented energy disaggregation to identify appliance-level usage (such as EVs, HVAC, and heat pumps) from smart meter data alone, without surveys or smart plugs.

AI & Machine LearningEnergySaaS

Co-investorsFuture Energy VenturesSnowflake Ventures

C3c3.aiin𝕏

C3 AI develops an enterprise AI platform that unifies data, intelligent agents, and domain-specific AI models to help large organizations make faster and better operational decisions.

AI & Machine LearningEnterprise SoftwareSaaSSector AgnosticSan Jose, US

Thomas M. Siebel(Founder, Chairman, and CEO)Christopher Werner(Executive Officer, Director, Promoter)Dana Jurika(Executive Officer, Director, Promoter)Martin Gallon(Executive Officer, Director, Promoter)

Co-investorsBreyer Capital

ChargePointchargepoint.comin𝕏

ChargePoint provides networked electric vehicle charging infrastructure and management software for company vehicle fleets and motor pools.

EnergyHardwareIoTLogistics & Supply ChainMobility & TransportationSaaSCampbell, US

Richard Lowenthal(Director)inPasquale Romano(Executive Officer, Director)inAntonio Canova(Executive Officer)Jonathan Kaplan(Executive Officer)

BoardNeil Suslak(Director)inBruce Chizen(Director)in

Co-investorsBMW i VenturesBraemar Energy VenturesClearvision VenturesEstag CapitalF4 VenturesMadison Parker Capital+6 more

DemandQdemandq.aiin

DemandQ provides a software overlay that integrates with a building's existing automation system (via BACnet, Modbus, and other protocols) to reduce peak electricity demand by intelligently queuing HVAC and other equipment operation, without new hardware.

CleantechEnergySaaS

Co-investorsVodia Ventures

EnCharge AIenchargeai.comin

EnCharge AI develops advanced hardware and software solutions for AI computing, focused on semiconductor design and AI systems optimization.

AI & Machine LearningHardwareSemiconductorsSanta Clara, US

Naveen VermainKailash Gopalakrishnan(Founder)inEchere Iroagain

Co-investorsACVC PartnersAlleyCorpAnzu PartnersScout VenturesScout VenturesSIP Global Partners+3 more

Gridbeyondgridbeyond.comin𝕏

GridBeyond develops a technology platform that manages distributed and flexible energy resources for industrial, commercial, utility, and institutional organizations worldwide.

AI & Machine LearningCleantechEnergyEnterprise SoftwareIoTSaaSCork, IE

Michael Phelan(CEO)Padraig Curran(CTO & Co-Founder)Richard O'Loughlin(Deputy CEO)

Co-investorsEnergy Impact PartnersConstellationMirovaSamsung VenturesAct Venture CapitalACT Venture Capital+2 more

Kevalakevala.comin𝕏

Kevala operates a cloud-based platform that uses energy data analytics to model the electrical grid, forecast electrification impacts, and support siting of solar and storage projects.

CleantechData & InfrastructureEnergySan Francisco, US

ARAM SHUMAVON(Executive Officer, Director, Promoter)in

BoardMARK FERRON(Director)

Co-investorsThin Line CapitalC5 Impact Partners

LevelTen Energyleveltenenergy.comin𝕏

LevelTen Energy operates a platform that connects renewable energy developers with customers and market participants, facilitating project visibility and deal-making in the renewable energy sector.

B2B MarketplacesCleantechClimate TechEnergySaaSSeattle, US

Bryce Smith(Executive Officer, Director)inSmith Bryce(Executive Officer, Director)William Thomas(Executive Officer)

BoardDavid Cohen(Director)inKarly Wentz(Director)inGreg Lyons(Director)

Co-investorsAster CapitalB Capital GroupB4 CapitalPrelude VenturesTechstarsWireframe Ventures+1 more

Measurablmeasurabl.comin𝕏Jun 2023 · $93M

Measurabl is a sustainability data platform for real estate organizations that enables measurement, management, and reporting of environmental performance across buildings and properties.

Climate TechData & InfrastructurePropTechSaaSSan Diego, US

Matt Ellis(Founder)inLance Onken(Founder)inMaureen(CEO)Waters Maureen(Executive Officer)

BoardLindsay Luger(Director)inLiza Benson(Director)in

Co-investorsBroadscaleBuilding VenturesCamber CreekCrosscut VenturesEnergy Impact PartnersMultiplier Capital+9 more

More on Operant Networksoperantnetworks.comin

Operant Networks provides a "Trust Fabric" that enforces per-action, least-privilege authorization, data privacy controls, and observability for AI agents, users, tools, and data in enterprise environments.

AI & Machine LearningCybersecurityEnterprise SoftwareRohnert Park, US

Co-investorsMSIVThin Line Capital

Posigenposigen.comDefunct

PosiGen is a residential solar company that installs and services solar energy systems for homeowners, including system monitoring and billing.

CleantechClimate TechEnergyMetairie, US

Thomas Neyhart(Executive Officer, Director)inBenjamin Norwood(Executive Officer, Director)

BoardMatthew Woods(Director)Margaret Anadu(Director)Aaron Dirks(Director)Timothy Anderson(Director)

Co-investorsBuilders FundCallais Capital ManagementCeniarthSJF VenturesEmerson Collective InvestingImpact Engine

Proterraproterra.com

Proterra designs and manufactures zero-emission battery systems for commercial vehicles.

CleantechHardwareMobility & TransportationGreenville, US

Ryan Popple(Executive Officer, Director)Eric McCarthy(Executive Officer)C. W. Plummer, Jr.(Executive Officer)Dave Rich(Executive Officer)

BoardRob Johnson(Director)Michael Smith(Director)

Co-investorsBMW i VenturesConductive VenturesEnergy Impact PartnersEvolution VC PartnersMitsui Global InvestmentObvious Ventures+3 more

Qnovoqnovo.comin𝕏

Qnovo develops battery performance technology, offering products and insights focused on improving battery performance for the battery tech industry.

AI & Machine LearningCleantechDeep TechEnergyHardwareMobility & TransportationMilpitas, US

Nadim Maluf(CEO & Co-Founder)Dania Ghantous(Co-Founder & VP, Technology)

Co-investorsClimate InvestmentIntel CapitalUS Venture PartnersKIA

Sparkfundsparkfund.comin𝕏

Sparkfund provides deployment services to utilities for distributed energy resources (DERs), helping them design, deploy, and manage DER projects at scale across the grid.

CleantechClimate TechEnergyEnterprise Software

Pier LaFarge(Founder & CEO)in

Co-investorsEnergy Impact PartnersRET Ventures

Sunairiosunairio.comin𝕏

Sunairio develops grid forecasting software that integrates energy, weather, and climate data to help energy traders, grid operators, and renewable asset developers optimize commercial decisions.

AI & Machine LearningCleantechClimate TechData & InfrastructureEnergyInsurTechBaltimore, US

Rob Cirincione(Founder & CEO)inMitchell Walk(Director)

BoardAlex Behar(Director)inDavid Arcara(Director)

Co-investorsBuoyant Ventures Management, LlcKeiki CapitalMassMutual VenturesRosecliff VenturesTechstarsThin Line Capital

Tandem PVtandempv.comin𝕏Jan 2022

Tandem PV manufactures high-efficiency perovskite-silicon tandem solar panels designed for U.S.-based commercial-scale production, serving electricity demand from AI, electrification, and data infrastructure.

CleantechEnergyHardwareSilicon Valley, US

Colin Bailie(Founder & CTO)inChris Eberspacher(Co-Founder)inScott Wharton(CEO)in

BoardRik Wehbring(Director)

Co-investorsEclipseEclipse VenturesBand of AngelsBeyond Earth VenturesCongruent VenturesNew Climate Ventures

Voltservervoltserver.comin

VoltServer develops fault-managed power distribution systems (Digital Electricity) for delivering electrical power to buildings and infrastructure projects.

CleantechData & InfrastructureEnergyHardwareEast Greenwich, US

Stephen Eaves(Executive Officer, Director)Steve Eaves(Founder & CEO)Stephen Spencer Eaves(Executive Officer, Director, Promoter)Charlie Garcia(CFO)Stanley J. Mlyniec(CTO)Ken Hydzik(EVP of Global Sales)

Co-investorsClean Energy VentureSlater Technology FundClean Energy Ventures

XGS Energyxgsenergy.cominJan 2024 · $20M

XGS Energy develops a proprietary solid-state, closed-loop geothermal system that uses thermally conductive materials and a pipe-in-pipe heat exchanger to generate clean, round-the-clock power without dependence on water or specific rock geology.

CleantechClimate TechEnergyPalo Alto, US

Richard Chong(Chief Financial Officer)inMichael Danaher(Executive Officer)Ghazal Izadi(Executive Officer)inJoshua Prueher(Executive Officer, Director)Glen Robinson(Director)David Seldin(Director)

Co-investorsAligned Climate CapitalClearSkyClimate Innovation CapitalThin Line CapitalValo VenturesVoLo Earth Ventures+2 more

Exits · 2

IPOs and acquisitions across the tracked portfolio

Bloom EnergyNYSE: BESTEMNYSE: STEM

Portfolio news

latest coverage across their companies

Frequently asked questions

How many investments has Constellation Technology Ventures made?
Constellation Technology Ventures has 22 tracked investments, including 1 dated in the last 24 months.
What stage does Constellation Technology Ventures invest at?
Constellation Technology Ventures invests at the Seed, Series A, Series B, Growth stages.
What is Constellation Technology Ventures's typical check size?
Constellation Technology Ventures typically writes checks of $2M – $10M.
What sectors does Constellation Technology Ventures focus on?
Constellation Technology Ventures focuses on Circular Economy, Cleantech, Climate Tech, Energy, Hardware, Mobility & Transportation, SaaS.
Where is Constellation Technology Ventures located?
Constellation Technology Ventures is headquartered in Baltimore, US.
Does Constellation Technology Ventures lead rounds?
Yes, Constellation Technology Ventures leads investment rounds.
Who does Constellation Technology Ventures co-invest with?
Constellation Technology Ventures most often shares deals with Energy Impact Partners, Thin Line Capital, BMW i Ventures, among 85 tracked co-investors.

Media · Podcasts & interviews

from their channel

Energy Efficiency Project At Southmoreland School District

Constellation

Episode 15: Perspectives on Reliability and Sustainability from the Steel Industry

Constellation

Climbing to the Top of a Nuclear Cooling Tower

Constellation

Episode 14: The Amazing Power of Manufacturing

Constellation

Images

Constellation Technology Ventures photoConstellation Technology Ventures photoConstellation Technology Ventures photoConstellation Technology Ventures photo

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