Backing the builders of the decarbonised energy system.
Alongside established assets, we take participations in the companies building what comes next: renewables, storage, efficiency, electrification and smart-grid technology.
Energy Transition Ventures at 499sec.
The energy transition is not a trend to invest in. It is the industry itself for the coming decades.
The energy system is being rebuilt around renewable generation, storage, electrified demand and digital control. The companies doing that work — developers, operators, technology providers, service businesses — need shareholders who understand both the physics and the regulation.
We take participations in earlier-stage and growth-stage energy companies where our sector focus, patience and network make a real difference. Our preference is for businesses with tangible assets or proven technology and a clear path to commercial operation.
Four things we do in this field.
Renewables & development
Participations in PV, wind and hydro developers and operators — from early pipeline to operating portfolios.
Storage & flexibility
Battery storage, thermal storage, virtual power plants and flexibility marketing for a grid that needs balance.
Electrification & efficiency
Heat pumps, district heating, e-mobility infrastructure and efficiency technology that reduces demand at the source.
Digital grid & services
Metering, monitoring, trading, O&M and software that make distributed energy assets operate as one system.
How we work here.
Technology with a business
We back proven technology in the hands of a team that can commercialise it — not science projects.
Growth capital, patient terms
Structures that give young companies room to grow without an artificial exit horizon.
Network, not just money
Access to our partners in operations, engineering, permitting and financing across the sector.