Energy Impact Partners, a global venture capital firm investing in the transition to a net-zero carbon economy, has closed its oversubscribed EIP Deep Decarbonization Frontier Fund I, at $485 million.
Energy Impact Partners (EIP), a global venture capital firm investing in the transition to a net-zero carbon economy, has closed its oversubscribed EIP Deep Decarbonization Frontier Fund I (Frontier Fund), at $485 million.
The fund seeks to invest in revolutionary climate technologies with outsized financial prospects, focusing on companies that have achieved early technical validation but have not yet reached full maturity at scale.
The Fund has already invested in 12 companies, including: Form Energy (multi-day energy storage), Nitricity (zero-carbon fertilizer), Carbon America (point-source carbon capture), Sublime Systems (electrified zero-carbon cement), Electric Hydrogen (low-cost renewable H2) and Rondo Energy (thermal storage for industrial heat).
Since its founding in 2015, EIP has built a collaborative model that brings together a global coalition of over 50 forward-looking corporations who are committed to decarbonize the global economy. The goal of the partnership-driven model is to identify category-leading innovators, accelerate their market adoption and drive direct revenues from EIP’s corporate LPs to portfolio companies. The platform has already enabled over 350 contracts and delivered more than $1 billion in bookings and business to a portfolio of 100+ companies.
Including this fund, EIP has raised over $3 billion with the majority of existing strategic investors committing to the Frontier Fund, adding to a diverse LP base comprised of corporates, banks, sovereign wealth funds, family offices, high net worth individuals and foundations from North America, Asia and Europe.
