Investment company Energy Revolution Ventures achieves $18 million fundraise for the expansion of scalable climate technology
In a significant stride towards sustainable energy solutions, Energy Revolution Ventures (ERV) has successfully closed an $18 million seed and series A fund, named ERV Fund I. The focus of this fund is on breakthrough deeptech in the energy sector, with a particular emphasis on energy storage, carbon capture, utilisation and storage, renewable fuels, and hydrogen value chain [1].
ERV targets transformative deep tech innovations that enable a sustainable energy future, supporting startups that develop breakthrough scientific and engineering solutions to decarbonize energy systems and improve grid management [1]. Key focus areas and investments include:
- Renewable energy technologies that replace fossil-based power generation with clean sources.
- Energy storage solutions that address intermittency and enable reliable renewable integration.
- Hydrogen technology for green fuel and industrial applications, advancing hydrogen as a sustainable energy carrier.
- Smart grids and grid stabilization technologies enhancing electricity distribution and demand management.
- Nano-coatings and materials enabling energy efficiency or green energy improvements [1].
The fund's limited partners include a network of family offices from the metals and energy sector, high-net-worth individuals, and Bidra Innovation Ventures, the corporate venture capital arm of Morocco's OCP Group [1]. Marcus Clover, co-founder and partner at ERV, stated that plummeting renewable energy costs are driving one of the most profound economic transformations of the last 200 years [1].
According to Clover, the path to an energy-abundant future lies in electrification. The companies backed by ERV are focused on solutions in the energy storage, carbon capture, utilisation and storage, renewable fuels, and hydrogen value chain sectors [1]. Clover mentioned that the companies ERV has already backed are commercialising innovations critical to the transition towards electrification [1].
ERV’s investment strategy reflects a commitment to backing deep tech ventures with long development cycles and high capital intensity but with transformative potential in the energy sector [2][3]. This approach aligns with the broader deep tech venture landscape that prioritizes foundational breakthroughs to tackle long-term energy challenges and facilitate the transition to sustainable, low-carbon systems [2][3].
Innovations to support the energy needs of AI and computing infrastructure sustainably, such as hydrogen fuel cells, hybrid transformers, and energy storage technologies, are additional relevant trends in deep tech energy investments that complement ERV’s focus [4].
Overall, ERV concentrates on deeptech innovations that enable a resilient, scalable, and decarbonized energy infrastructure, investing in startups that translate scientific breakthroughs into impactful energy transition solutions. To date, ERV has already invested in nine companies, including Green Li-ion (lithium-ion battery recycling), Anthro (structural, safe batteries), and Oort Energy (low-cost renewable H2) [1].
References: [1] Energy Revolution Ventures. (n.d.). Retrieved from https://energyrevolutionventures.com/ [2] Deep tech venture landscape. (n.d.). Retrieved from https://www.deeptech.co/ [3] Energy transition tech intersects with other key sectors. (n.d.). Retrieved from https://www.greentechmedia.com/ [4] Sustainable energy solutions for AI and computing infrastructure. (n.d.). Retrieved from https://www.greentechmedia.com/
The fund, ERV Fund I, focuses on breakthrough deeptech innovations in the energy sector, particularly environmental-science areas like energy storage, carbon capture, utilisation and storage, renewable fuels, and hydrotechnology, such as hydrogen technology for green fuel and industrial applications.
ERV invests in startups that develop scientific and engineering solutions in these fields, aiming to decarbonize energy systems, improve grid management, and transition towards a sustainable, low-carbon energy future with a focus on electrification and innovative technologies like hydrogen fuel cells and energy storage technologies.
