HomeUSANational Grid Partners Deploys $450M+ Across 50 Climate Tech Investments 

National Grid Partners Deploys $450M+ Across 50 Climate Tech Investments 

National Grid Partners (NGP), the Los Gatos, CA-based venture investment and innovation arm of National Grid plc., announced three new investments advancing net zero and climate tech innovation totaling $17M.

The new deals bring it to 50 investments, surpassing $450M since the organization’s launch in 2018.

The latest three investments included:

  • Captura (Pasadena, CA), which develops large-scale direct ocean carbon capture technology for decarbonization;
  • Luminance (London, UK), which develops legal AI systems that streamline negotiation and analysis of contracts and other legal documents that are critical to developing clean energy and smart grid assets;
  • Transcend (Princeton, NJ), a generative design SaaS platform that fully automates the preliminary engineering of innovative and sustainable critical infrastructure (i.e., water & wastewater assets, electrical substations, and more).

Led by Steve Smith, president, National Grid Partners (NGP) is focused on investing across four pillars:

  • Future Electric Networks;
  • Decarbonizing Gas;
  • Customer First; and
  • Efficiency Through Innovation.

By providing corporate venture capital, business development counsel and direct integration with its innovation team, NGP is accelerating the energy transition and helping innovators reach critical scale faster. Its 50 total investments include five unicorn companies valued at over $1 billion and encompass a wide range of sectors, from AI-powered software and hardware solutions to EV charging systems and clean hydrogen technology. Notable recent funding announcements include Exodigo, an AI-powered underground mapping company that recently closed a $105m Series A; and AiDash, which recently raised $50m to make critical infrastructure more climate resistant.

It has offices in Boston, London, and New York.

VCWire

15/04/2024