Breakthrough Energy Ventures invests in cutting-edge clean energy companies aimed at reducing global greenhouse gas emissions.
Portfolio
1
companies
AUM
£2000M
under management
Carmichael Roberts
Representative
Carmichael brings investment and entrepreneurial experience, currently serving as Chief Investment Officer at Breakthrough Energy Ventures and founding Material Impact.
LinkedInThe capital will support international expansion and recruitment as demand grows for the company grid stability technology.
"As we deliver more projects to support the global transition to Net Zero, this backing will empower us to deliver at scale, expand our commercial presence internationally, innovate further, and make a real contribution to a clean energy future."
The grid technology company raised £10.9m from BGF, Breakthrough Energy Ventures, and Eaton to fund global expansion.
"This fundraise is a fantastic endorsement of our business, our team, and the technological solutions we provide. Our new financial and strategic partners will help drive a step change in the delivery of our services to system operators globally, accelerating our ability to enable power grids around the world to rapidly decarbonise and meet their net zero objectives. With COP26 on the horizon as we approach tipping point in the energy transition, we are proud to be an example of how British and Finnish innovation can help overcome the hurdles to decarbonisation and support the global fight against climate change."
