Energy Capital Management AS

Energy Capital Management AS is an independent venture capital firm established in 2008. With headquarters in Oslo Norway, the firm has additional offices in the energy technology centres of Aberdeen (UK) and Trondheim (Norway). ECM currently manages Statoil’s venture technology portfolio with capital invested of about USD 115m («Fund I»). Statoil is a major Norwegian oil, gas and renewable energy company with a market capitalisation of approximately USD 75bn.

ECM is also appointed as the investment advisor to ECM Fund II, a USD 170m venture capital fund with a mandate to invest in technology companies addressing the oil & gas and renewable energy sectors. The Fund is targeting a gross return in excess of 3x and has secured Statoil as a cornerstone investor subscribing 20 % to 40 % of the total fund size.
>> www.energycapital.no

Swiss Re

Swiss Re is a leading and highly diversified global reinsurer. The company operates through offices in more than 25 countries. Founded in Zurich, Switzerland, in 1863, Swiss Re offers financial services products that enable risk-taking essential to enterprise and progress. The company’s traditional reinsurance products and related services for property and casualty, as well as the life and health business are complemented by insurance-based corporate finance solutions and supplementary services for comprehensive risk management. For almost a decade, Swiss Re has managed a portfolio of investments in sustainability related sub-sectors, including alternative energy and water.
>> www.swissre.com
>> www.swissre.com/sustainabilityreport

WHEB Ventures LLP

WHEB Ventures invests in cleantech companies with high growth potential. Its focus is on later stage venture capital deals through to mid market buyouts.

A pioneer in European clean technology investing, WHEB Ventures began as an award winning clean technology incubator and corporate finance group in 1995, evolving into the UK’s first dedicated cleantech venture capital firm.  

WHEB Ventures now has offices in London and Munich and its team of nine investment professionals manage two specialist private equity funds.

WHEB Ventures is part of the WHEB Group, the specialist investment management firm focused on environmental markets. The WHEB Group has total assets under management of over £150 million.
The WHEB Group comprises WHEB Asset Management which invests in globally listed sustainable stocks, WHEB Infrastructure, which invests in renewable energy generation infrastructure and WHEB Ventures. In addition, RUSTON wheb, the specialist cleantech executive search company is a sister company to the WHEB Group.
>> www.whebventures.com

Capricorn Venture Partners n.v.

Capricorn Venture Partners NV is an independent pan-European manager of venture capital funds that invest in innovative European companies with technology as competitive advantage. The investment team of Capricorn is composed of experienced investment managers with deep technology expertise and a broad industrial experience. Capricorn has longstanding industrial and venture capital experience in backing entrepreneurs with breakthrough technologies in the cleantech, life sciences, biotechnology, IT and material sciences sectors. Capricorn is currently investing out of the Capricorn Cleantech Fund, our third consecutive venture capital fund. The Capricorn Cleantech Fund focuses on innovative growth companies in Europe that own or develop breakthrough technologies in the fields of renewable energy and energy efficiency, water, renewable resources and biorefineries, clean air, CO2 reduction and climate change, green chemistry and advanced materials, etc.
>> www.capricorn.be

Frog Capital

Based in the heart of London, Frog Capital is an investment partner to some of Europe’s most ambitious growth-stage companies. With €100m under management, Frog’s experienced team invests across the European cleantech and IT & digital media sectors, leading or partnering in fundings of €2 million to €20 million. We consider a wide range of ownership structures and funding models, and show equal flexibility in our ongoing support, working with advisors and management teams to help make the leap from an exciting young company to a successful, grown-up business. Frog’s cleantech investments include SiC Processing, a global recycler of key fluids that are used in the production of semiconductor and solar wafers; agri.capital, Europe’s largest biogas company; Ostara, a wastewater treatment company that recovers polluting nutrients from sludge and recycles them into an ecologically-friendly fertilizer; Hydrodec, a recycler of valuable industrial oils such as the transformer oils that keep electricity grids running; and Solar Century, the UK’s best-known solar energy company. To find out more, visit 
>> www.frogcapital.com

Rabo Ventures

Amsterdam based Rabo Ventures is a leading Dutch venture capital firm that focuses on fast growing companies in the cleantech industry. Rabo Ventures covers the European and North American markets. The team covers amongst others: clean energy, clean air, clean water, advanced materials, energy efficiency and environmental technologies. The Rabobank Group is a top 25 financial institution and a global leader in sustainability-oriented banking.
>> www.raboventures.com

GIMV

Gimv is a European investment company with 30 years of experience in private equity and venture capital. The company is listed on NYSE Euronext Brussels and currently manages around EUR 1.8 billion of assets (including third party funds).

Gimv undertakes buyouts and provides growth capital to established companies. Local teams in Belgium, France, The Netherlands and Germany concentrate on these activities. Gimv-XL provides growth financing to larger growth companies in Flanders. Gimv makes venture capital investments in high tech sectors through its specialist teams in Life Sciences, Technology and Cleantech. Its DG Infra+ fund also focuses on infrastructure projects in the Benelux. Gimv is also active in Central and Eastern Europe through several funds and joint ventures.
>> www.gimv.com

Novusmodus

Novusmodus provides capital, support and knowledge to companies and projects in the clean energy and energy efficiency sectors. It is the investment adviser to ESB Novus Modus LP, a €200m cleantech and renewables fund established in 2009 by ESB, the leading Irish utility.

The company has offices in London, Dublin and Munich and seeks to make early stage and growth capital investments ranging from €2 million to €20 million in equity and equity-like instruments. It is looking for exceptional management teams who have a clear growth strategy and an attractive niche.
>> www.novusmodus.com

Espírito Santo Ventures

Espírito Santo Ventures is a venture capital firm of Espírito Santo Group, focused on technology based companies and innovative business projects with high-growth potential. With more than € 180 million in assets under management, Espírito Santo Ventures usually invests between €1 million and €10 millions in early-stage companies, operating in the cleantech, healthcare and IT areas. Our portfolio includes companies in Europe, North and South-America, and Australia. Espírito Santo ventures is currently finishing the investment phase of ES Ventures II, a € 85 million fund started in 2006, and is raising a new € 150 million fund.
>> www.es-ventures.com

EDP Inovação, S.A.

Energias de Portugal (EDP) is a Portuguese based utility with activities in Iberia, rest of Europe, USA and Brazil, whose current market value is around M€ 15.000. Through its subsidiary EDP Renováveis, EDP is the fourth largest renewable power producer worldwide.

EDP Inovação, a subsidiary of EDP, promotes innovative projects within the EDP Group, assuming responsibility for engineering development and research of new concepts and technologies, with main focus on renewable energies, distributed generation, energy efficiency and information and communication technologies, prior to their installation and operation.

Our role includes the following activities:

- Technological supervision, acting as a central observatory for the core business technologies and assuring the opportunities searching for projects participation;

- Global project management, covering the business cases development, the economical analysis and financial structuring, and the management of the relationships with the key stakeholders involved (universities, technological centres, independent promoters, local and country authorities, consultants, etc).

Besides developing R&D / Innovation Projects, EDP Inovação is responsible for development and management of the Corporate Venture Capital fund of the EDP Group. This recently created fund is focused on investment in energy related cleantech companies, whose technologies may be interesting to create value within the EDP Group.
>>> www.edp.pt

Yellow&Blue Investment Management B.V.

Yellow&Blue Investment Management B.V. (“Yellow&Blue”) is an independent venture capital firm specializing in development stage clean energy investments. Yellow&Blue was founded in 2008 by Nuon, a major Dutch power company, and is based in Utrecht in the Netherlands. Our team consists of experienced professionals with proven track records in both energy and venture capital. Our network is international and we actively work with large corporations, institutional investors and other venture capital firms.

Yellow&Blue focuses on development stage companies in three main areas:

Renewable Energy – Solar, wind biomass, hydropower
Energy Efficiency – Smart grids, energy storage, energy and buildings
Clean Fossil Energy – Fuel cells, co-generation, hybrid systems

We invest primarily in European companies that have working prototypes and attractive business plans.  Quality of management, market opportunity and customer traction are among the most important investment considerations. The amounts we invest vary between €0.5 and €4 million.
>> www.yellowandblue.nl