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General Information

Websiteenergytechnologyv...
Employees
Founded1/2011
Descriptionjoint venture green tech fund

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Energy Technology Ventures

Founded in January 2011, Energy Technology Ventures is a joint venture involving General Electric, NRG Energy, and ConocoPhillips. The fund is focused on the development of next-generation energy technologies. The JV invests in, and offers commercial collaboration opportunities to, venture- and growth-stage energy technology companies in the renewable power generation, smart grid, energy efficiency, oil, natural gas, coal and nuclear energy, emission controls, water and biofuels sectors, primarily in North America, Europe and Israel. With their wide range of deep technical and financial expertise, relationships, services and products, the three companies behind Energy Technology Ventures intend to help start-ups develop next-generation energy technology.

The joint venture brings together three market-leading companies with complementary capabilities and significant strategic interests in the development of next-generation energy technology. This is the first corporate venture investment program by both NRG Energy, owner and operator of one of the country’s largest and most diverse power generation portfolios, and ConocoPhillips, the third-largest US integrated energy company. GE Capital, through its business units GE Energy Financial Services and GE Capital, Equity, is already among the world’s most active energy technology venture and growth capital investors.

Recent Milestones

Investments

Company Date Round Size Participants
Ziebel 1/2014Venture Round$10M3
1366 Technologies 10/2013Series C$15M5
Cool Planet Energy Systems 9/2013Series D$19.4M4
Skyonic 6/2013Series C$39M6
Arctic Sand Technologies 1/2013Series A$9.6M4
Glori Energy 1/2012Series C$20M6
GMZ Energy 12/2011Series C$14M5
Glori Energy 7/2011Venture Round1
Oblong Industries 7/2011Series B3
Emefcy 6/2011Venture Round4
Hara 5/2011Series C$25M6
Ioxus 4/2011Series B$21M4

Videos

Sources

  1. ConocoPhillips and Chevron Contribute to $10 Million Funding of Ziebel (vikingventure.com) [edit]
  2. 1366 Technologies Raises $15M in Series C Funding (finsmes.com) [edit]
  3. Cool Planet Energy Systems collects $19.4 mln in Series D funds (pehub.com) [edit]
  4. Skyonic Secures $128M in Series C Funding (finance.yahoo.com) [edit]
  5. Arctic Sand Technologies Closes $9.6M in Series A Financing (finsmes.com) [edit]
  6. Glori Energy Raises $20 Million (businesswire.com) [edit]
  7. GMZ Energy turns heat into electricity, secures $14M in funding (venturebeat.com) [edit]
  8. Glori Energy, a Low-Cost Oil Recovery Company, Receives Boost from Energy Technology Ventures—a GE-NRG Energy-ConocoPhillips Venture (businesswire.com) [edit]
  9. Foundry Group Leads New Round In Oblong Industries To Push Computing Into “The Minority Report” Age [edit]
  10. Emefcy Receives Investment (finsmes.com) [edit]
  11. TechCrunch (techcrunch.com) [edit]
  12. Ioxus Raises $21 Million For Improved Power Storage Technology (techcrunch.com) [edit]
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Last Edited 2/4/14

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