Energize Ventures, a global alternative investment manager that funds digital-first solutions accelerating the sustainable energy transition, has announced the closing of a second flagship fund with total capital commitments of $330 million.
Energize intends to invest in digital solutions with proven potential to optimize energy, critical infrastructure and sustainable industries. The firm will continue to provide financial, operational and commercial support to back the entrepreneurs in the energy transition.]
“We are at an inflection point in the global transition to sustainable energy,” said Michael Polsky, CEO at Invenergy, a leading global developer and operator of sustainable energy solutions and the anchor LP in both of Energize’s funds. “The industry is changing at the pace of technology and asset owners and operators are looking to digital solutions that can support scalability and innovation. Invenergy provides real world insights to guide Energize in making the best investments, while also having a front-row seat to the new technologies coming to market in our industry – many of which we adopt as a customer.”
“In our ongoing pursuit to help cultivate a more sustainable future, CDPQ wants to play an active role in directing more capital towards solutions that enable the energy transition,” said Emmanuel Jaclot, Executive Vice-President and Head of Infrastructure at CDPQ, one of Energize’s leading global institutional investors. “The team at Energize has demonstrated the ability to identify leading energy and infrastructure software investments across the North American and European markets, and we continue to be impressed by their hands-on commitment to the commercialization of critical sustainable technologies.”
“Xcel Energy is proud to be investing in Energize to help support a venture capital ecosystem that encourages sustainability and the clean energy transition. This is an exciting time in the energy industry, and we welcome the opportunity to encourage innovation that will transform our industry and help deliver our promise of a 100 percent clean energy future,” said Brian Van Abel, Chief Financial Officer at Xcel Energy.
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