EIP in the News

First ESG money came knocking at Energy Impact Partners. Then executives started measuring climate impact. ... That’s how Energy Impact Partners, a New York-based fund with $1.2 billion in assets under management, unexpectedly found itself at the vanguard of the environmental, social and governance (ESG) boom. Energy Impact Partners didn’t originally classify itself as a target for sustainable investors because the firm hadn’t seen itself as specifically focused on social considerations. In fact, many of its biggest investors had direct ties to fossil fuels. But the nature of its own investments in clean tech had made it a destination for ESG investors anyway.

RapidOS, a startup developing technology that furnishes first responders with enhanced emergency data, has raised $25 million in a series B extension.

Entergy Texas, Inc. has entered into a long-term agreement with Enchanted Rock, LLC to deploy an on-site backup generation pilot project with a commercial customer in The Woodlands, Texas. This pilot project will be used to help Entergy Texas evaluate back-up generation solutions for future commercial and small industrial customers.

Palmetto joins forces with Solar Sister to bring affordable clean energy to millions of African homes.

AutoGrid, a flexibility management software provider for the global energy industry, announced today a collaboration with Amazon Web Services (AWS) to bring artificial intelligence-powered distributed energy management to its energy-industry customers.

I am thrilled to announce Tendril's acquisition of FirstFuel. The move, combined with our previous acquisitions of EEMe and EnergySavvy, makes Tendril the single source for utility customer experience and engagement solutions to North American utilities and their residential and business customers.

Innowatts, an automated toolkit for energy monitoring and management targeting utilities, has raised $18.2 million in a new round of funding from investors led by Energy Impact Partners. Previous investors Shell Ventures, Iberdrola and Energy and Environment Investment participated along with another new investor, Evergy Ventures.

Cities will be key to unlocking the promise of a new urban mobility paradigm, and we’re proud to be partnering with the company that will help them do so.

Energy Impact Partners leads new strategic financing to capture large opportunity in Utility Business Customer Engagement. FirstFuel Software, the utility industry leader in customer engagement and intelligence, has further cemented its position with the addition of new blue-chip clients and additional financing in 2018, reinforcing its market leading position. The company added several new customers to its roster, including American Electric Power (AEP), Seattle City Light, and Orange & Rockland. In addition, FirstFuel expanded its existing business with a lineup of leading utility clients including Exelon, ConEdison, and Duquesne Light.

First European Investment for Energy Impact Partners -- Energy Impact Partners (EIP), the leading utility-backed energy investment and innovation firm, today announced that it has invested $5.7 million (€5 million) in ViriCiti, in a Series A round. The investment in the world’s leading EV fleet efficiency technology company is EIP’s first in a Europe-based firm.

Utilities today face more opportunity — and a greater imperative — for innovation than ever before. The proliferation of new technologies, data and business models present a myriad of options for today's forward-thinking utility. In the face of these opportunities, the key for utilities is to take action and bring the future forward to the company and its employees today.

How a U.S. startup intends to put its software to use in Australia’s fast-growing energy storage market, from behind-the-meter to utility-scale.

REDWOOD CITY, Calif., Sept. 10, 2018 /PRNewswire/ AutoGrid, the leader in artificial intelligence (AI)-driven optimization and controls for the energy industry, announced today that it has closed on a Series D investment round from a set of strategic energy investors.

A private equity firm backed by some of the world’s largest utilities has raised $681 million to finance startups developing clean-energy technology. Energy Impact Partners LP, which represents giants including Southern Co., National Grid Plc and AGL Energy Ltd., has already invested more than $200 million in companies like Advanced Microgrid Solutions LLC, AutoGrid Systems Inc. and Tendril Networks Inc. The amount raised includes up to $150 million in U.S. Small Business Administration loans, according to a statement Wednesday.

Swell Energy has joined forces with AutoGrid to create North America's largest network of residential batteries dispatched for grid benefits.

Clevest President and CEO Thomas Ligocki has been selected as a finalist for the EY Entrepreneur of the Year 2018 Pacific Region in the Cleantech category.

Clevest Solutions Inc., a leading provider of mobile workforce automation software including smart grid operations technology, has been selected by Tucson Electric Power (TEP) for a Mobile Workforce Management solution to provide them with a common mobile enterprise platform.

"Resilience and Stability of Ecological Systems” was a paper by the Canadian ecologist C.J. Hollings published in the Annual Review of Ecology and Systematics 1973. The concept of resilience was used to describe the persistence of natural systems in face of changes in the ecosystem. The paper has had a major impact within ecology and the concept of resilience has later been expanded to many other areas, including the electric grid.

Clevest has closed an investment with Energy Impact Partners (EIP), a private equity firm that strategically invests in innovative technologies, services, and products throughout the electricity supply chain from generation to consumption.

Powerphase today announced that it has closed an investment from strategic investors including Xcel Energy (NYSE: XEL), the nation’s top wind energy provider. In addition to the investment from Xcel Energy, Powerphase is welcoming ClearSky Managing Director James Huff to its Board of Directors. This latest investment will be used to grow global sales of the Powerphase products through expanded strategic partner relationships.

Greenlots' SKY Smart Charging Platform recognized for bridging electric vehicle charging infrastructure and energy management software to meet global market demands.

NEW YORK, NY--(Marketwired - Aug 9, 2017) - Energy Impact Partners LP (EIP) today announced the addition of a non-regulated subsidiary of Alliant Energy Corporation (Alliant Energy) as the latest investor in its Nexus strategic partner network. Alliant Energy, a Wisconsin-based leader in electricity and natural gas energy solutions, joins more than a dozen other Nexus utility partners.

Energy Impact Partners, a coalition of utility investors, is continuing its bet on the grid of the future, this time backing EV charging company, Greenlots.

NEW YORK, NY--(Marketwired - Jul 11, 2017) - Energy Impact Partners LP (EIP) today announced the addition of TransCanada Corporation (TransCanada) -- a North American energy infrastructure leader with natural gas and liquids pipelines, power generation and gas storage facilities -- as the latest investor in its Nexus strategic partner...

NEW YORK, NY and JUPITER, FL--(Marketwired - Jun 15, 2017) - Energy Impact Partners (EIP) today announced that it has closed an investment in Powerphase, a provider of advanced gas turbine upgrade technology. The investment is the first institutional round of financing raised by Powerphase.

NEW YORK, NY--(Marketwired - Jun 8, 2017) - Energy Impact Partners LP (EIP) today announced the addition of OGE Energy Corp. (OGE Energy) as the twelfth investor in its Nexus strategic partner network. OGE Energy joins Southern Company, National Grid plc, Xcel Energy Inc., AGL, Avista Corp., Fortis Inc., Ameren...

NEW YORK and BILLERICA, Mass., May 25, 2017 /PRNewswire/ -- CIMCON Lighting, the leading global provider of intelligent lighting and Smart City technologies, announced today a $15 million Series B funding round led by Energy Impact Partners (EIP), a collaborative strategic investment firm that counts leading utilities as its limited partners.

Energy Impact Partners (EIP) is a first-of-its-kind electric utility investment fund, formed by industry players with several years of energy experience. The fund is built on a collaborative strategic investing approach pioneered by the team when they worked at General Electric.

NEW YORK, NY--(Marketwired - Mar 1, 2017) - Energy Impact Partners LP (EIP) today announced the addition of Tokyo Electric Power Company Holdings, Inc. (TEPCO), one of the largest electric utilities in the world, as the latest investor in its Nexus strategic partner network. TEPCO joins Southern Company, National Grid...

NEW YORK, NY and HOUSTON, TX--(Marketwired - Feb 27, 2017) -   Energy Impact Partners (EIP) today announced that it has closed a $10 million investment in Enchanted Rock (ERock), a leading provider of microgrid and energy reliability solutions for commercial and industrial customers. The investment is the first institutional round...

Energy Impact Partners (EIP) today announced that Don Wood has joined the investment firm as Venture Partner and West Coast Advisor. In this part-time role, Mr. Wood will identify and evaluate new investment opportunities, as well as provide counsel to existing portfolio companies.

Utilities are struggling to keep up with technology these days. Electric power insurgents like solar power, energy storage and big data are starting to upend the grid, and the power companies — big, regulated and cautious — aren't wired at that speed.

As the utility landscape begins to perceptibly shift with renewables, storage and new business models, they begin to react in the regulatory arena to protect their turf and revenues. Some of the more aggressive actors also invest in the change that is taking place, both in the renewables projects and in the companies driving change.

The Silicon Valley startup lands an investment from utility consortium Energy Impact Partners and China’s Envision Group.

An interview with Steven Hellman and Hans Kobler, co-founders of Energy Impact Partners

Energy Impact Partners LLC today announced the formation of its first strategic equity fund focused on investments that seek to optimize energy consumption and improve sustainable energy generation.

Particle, the most widely-used Internet of Things (IoT) platform in the world, today announced it has raised $40 million in Series C funding led by Qualcomm Ventures LLC and Energy Impact Partners. This round also includes prior existing investors Root Ventures, Bonfire Ventures, Industry Ventures, Spark Capital, Green D Ventures, Counterpart Ventures, and SOSV. This brings Particle's total venture capital funding to $81.3 million to date.

Boston wants to achieve full climate neutrality and is charting a completely new course to get there. The city won’t ban cars from its center. They’ll still be welcome in the future—if they’re electric.

Imagine you are one of the largest utilities in the United States with solar capacity and you are tasked with revolutionizing the way your utility does business. Where do you start? Three years ago, Kim Wagie, Director Digital Transformation & Continuous Improvement for Arizona Public Service – APS, came across the same challenge – the need for Data Agility. Kim knew that to disrupt the marketplace and create new revenue streams and value for APS, they needed to better understand three things: 1) consumer behavior, 2) customer’s changing needs, and 3) the impact of distributed energy resources on their aging infrastructure. “AMI is the most valuable data we have, and we are underutilizing it.”

Trifacta, the global leader in data wrangling, announced it has secured $100 million in financing. This round of funding welcomes new investors, including Telstra Ventures, Energy Impact Partners, NTT DOCOMO Ventures, BMW iVentures and ABN AMRO Digital Impact Fund.

Norway-based eSmart Systems, a six-year-old company delivering intelligent monitoring and remediation systems to energy markets, today announced that it has raised $34 million in funding. The round included contributions from Energy Impact Partners (EIP), Innogy Ventures, Equinor Energy Ventures, Nysnø Climate Investments, and Kongsberg Digital and brings the company’s total raised to over $40 million.

Hans Kobler pitches Energy Impact Partners at Ecosummit Berlin 2019. US-based EIP made their first investment in Europe and wants to deploy a lot more capital...

Remix, a cloud-based platform changing the way cities plan, view and manage transportation, today announced a $15 million Series B funding round led by Energy Impact Partners (EIP), a leading utility-backed energy investment and innovation firm. Remix will use the funding to continue innovating its product while scaling to more cities around the world.

Energy Impact Partners (EIP) announced that it has provided up to $20 million in financing facilities to Palmetto Clean Technology, Inc. through EIP’s credit platform, the Energy Impact Credit Fund (EICF).

Energy Impact Partners (EIP), the world's largest technology fund focused on the transformation of the energy industry, today announced the sale of Greenlots, a global leader in EV charging software and solutions, to Shell Global.

Seventy-one qualifying individuals or teams nominated, including Evan Pittman from EIP.

NEW YORK, Oct. 29, 2018 (GLOBE NEWSWIRE) -- Energy Impact Credit Fund (EICF), the credit platform of Energy Impact Partners (EIP), the leading utility-backed energy investment and innovation firm, today announced that it has provided a $22 million credit facility to Aquam Corporation, an integrated pipe infrastructure solutions company, based in San Diego, CA, that provides proven technology solutions to owners and operators of both water and natural gas pipe infrastructures. The financing is comprised of a $17 million loan for refinancing and working capital, as well as a $5 million delayed draw term loan available for growth and acquisitions.

Audi is partnering with e-commerce giant Amazon and VW Group unit Electrify America as the automaker prepares to deliver its first all-electric SUV to U.S. dealerships next year. The Audi e-tron, which was unveiled Monday night in San Francisco, kicks off the German automaker’s electric vehicle ambitions.

CEO Hans Kobler lays out plans for $150m federally backed credit fund, plus $531m in equity, for startups to meet utilities’ next-generation needs.

Leading utility-backed investment and innovation firm expands its equity capital with debt fund to support visionary companies defining the energy future Energy Impact Partners (EIP), the leading utility-backed energy investment and innovation firm, today announced that it closed its fundraising efforts with up to $681 million to invest in cutting-edge energy technology companies. The EIP investment capital is comprised of $531 million in capital in its utility-backed Flagship Fund, as well as access to up to $150 million in debt from the U.S. Small Business Administration (SBA) for its credit platform, Energy Impact Credit Fund (EICF).

Clevest Solutions Inc. and FortisBC Inc. were named the winners of a Bronze Stevie® Award in the Energy Industry Innovation of the Year category in The 15th Annual International Business Awards® today.

Back in 2015, California real estate developer Irvine Company announced plans to turn high-rise properties into “hybrid-electric buildings” by equipping them with Tesla batteries and then turning them over to energy storage project developer Advanced Microgrid Solutions to earn money serving the power grid.

ecobee Inc. today announced that it has closed on a $61 million USD ($80 million CAD) Series C funding round led by Energy Impact Partners, followed by Energy Impact Partners, followed by eight institutional investors including Thomvest, Relay Ventures, and the Amazon Alexa Fund. This funding will allow ecobee to build upon its suite of smart home technologies connected by whole-home-voice control, sensor technology and artificial intelligence. It brings ecobee’s total funding to approximately $146 million USD to-date.

RESTON, Va., Jan. 23, 2018 /PRNewswire/ -- Electrify America announced today that it has selected Greenlots, a leading provider of grid-enabled electric vehicle (EV) smart charging solutions, to deliver the operating platform for its network of high-power fast chargers that will greatly expand highway and other EV charging capabilities across the United States.

Today at the One Planet Summit in Paris, Breakthrough Energy founder Bill Gates will announce the expansion of the Breakthrough Energy Coalition (BEC) and the initial focus areas for Breakthrough Energy Ventures’ investments.

How do you bet on the next big thing when your job is to keep the lights on no matter what? Utility business models are changing after a century of general continuity, and some companies are looking beyond the already well-proven technologies. Enter the investment firm Energy Impact Partners, a group of 16 global energy companies, including major utilities such as Southern Company, National Grid and Xcel Energy, that represent a cumulative $263 billion in market value.

NEW YORK, NY--(Marketwired - Aug 14, 2017) - Energy Impact Partners LP (EIP) today announced that it has closed a $10 million investment in Dragos Inc., an industrial control system (ICS) cybersecurity company focused on securing global industrial infrastructure.

FirstFuel Software, the global leader in business customer engagement for the energy industry, announced today that it has experienced continued growth in 2017, increasing its customer roster to 30 utilities in North America and Europe while successfully posting strong results with utilities and energy providers that have rolled out its cloud-based platform this year.

Firms Look to Use Big Data to Make Grid More Efficient. First, it was the music industry and travel agents, then shopping and taxicabs. Now, as Silicon Valley pushes to digitize the globe, its next target for disruption is the power industry.

SAN FRANCISCO and NEW YORK, July 10, 2017 /PRNewswire/ -- Advanced Microgrid Solutions ("AMS") today announced it has...

Our first-ever scorecard of US utilities, released today, reveals striking regional differences and identifies the best — and worst — performers on energy efficiency. The 2017 Utility Energy Efficiency Scorecard looks at the performance of the 51 largest electric utilities in the United States and highlights cutting-edge efforts. Topping the list are Eversource Massachusetts and National Grid Massachusetts, which both earned the same score.

NEW YORK, NY and BANGKOK, THAILAND--(Marketwired - Jun 6, 2017) -  Energy Impact Partners LP (EIP) today announced the addition of PTT Public Company Limited (PTT), Thailand's leading energy company, as the latest investor in its Nexus strategic partner network. PTT joins Southern Company, National Grid plc, Xcel Energy Inc.,...

NEW YORK, NY--(Marketwired - Apr 4, 2017) - Energy Impact Partners (EIP) today announced that it has established a credit group to support U.S.-based small and middle-market businesses, with a specific focus on energy impact-related investments. The group will primarily offer debt financing solutions, such as first and second lien...

If you can’t beat ‘em, join ‘em. Or at least invest in ‘em. That's the guiding philosophy for many utilities eyeing the competitive threats swirling around them. In 2016 alone, utilities in Europe and North America invested $1 billion in distributed energy companies across solar, software, storage, combined heat and power, and a range of grid management technologies...

More creative policies are needed if Vietnam is to break the link between economic growth and electricity use.

WASHINGTON, DC--(Marketwired - Feb 2, 2017) - SparkFund, a Washington D.C.-based financial technology company, announced today the close of a $7 million Series B investment led by Energy Impact Partners. Round participants include existing investor Vision Ridge Partners and new strategic partners in the energy and utility space, with a...

AutoGrid extends its market leadership in the flexibility management software category as the only vendor to be simultaneously positioned as a Leader on Navigant Research’s Virtual Power Plant (VPP) Software and Demand Response Management System (DRMS) Leaderboard reports

Energy Impact Partners (EIP) today announced the addition of Australia-based AGL Energy Limited (AGL) to its Nexus strategic partner network. EIP's other Nexus Partners include Southern Company (NYSE: SO), National Grid plc (NYSE: NGG), Xcel Energy Inc. (NYSE: XEL), Ameren Corporation (NYSE:...

NEW YORK, NY--(Marketwired - Jun 7, 2016) - Energy Impact Partners LP (EIP) today announced the addition of Ameren Corporation (NYSE: AEE) to its Nexus strategic partner network. Ameren joins Southern Company (NYSE: SO), National Grid plc (NYSE: NGG), and Xcel Energy Inc. (NYSE: XEL) as strategic partners working collaboratively...

The energy internet is coming.

(Boston) - The Boston University Questrom School of Business announced today that Peter Fox-Penner, renowned expert in energy policy, sustainability and business strategy, will join the School as Professor of the Practice on January 1, 2016. Dr. Fox-Penner will lead initiatives to expand the School’s education programs in the field of sustainability, including the creation of a University-wide Institute for Sustainable Energy.