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Energy Impact Partners’ Frontier Fund Closes Oversubscribed at $485 Million
Fund Targets Early-Stage Deep Tech Climate Opportunities to Drive Decarbonization
NEW YORK, November 15, 2022-- Energy Impact Partners (“EIP”), a global venture capital firm investing in the transition to a net-zero carbon economy, today announced the closing of the EIP Deep Decarbonization Frontier Fund I LP (the “Frontier Fund” or the “Fund”). The Fund was oversubscribed with global investor support and closed 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).
“The challenge is both simple and daunting – the world must go from 50 gigatons of CO2e emissions per year, to net-zero by midcentury, if not sooner,” said Shayle Kann, Partner at EIP. “Our Frontier Fund is dedicated to supporting entrepreneurs who will build the foundations of that transformation and the trillions of dollars of opportunity it represents. We are thrilled to drive that future along with EIP’s team and expanding global partner ecosystem.”
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.
Partner Ashwin Shashindranath, added, “We are the climate-technology specialists. Investors turn to EIP, and its ecosystem of experts, as the partner of choice in turning the global challenges of the net zero transformation into investment opportunities. We are looking at the earliest stages for solutions to climate problems and develop real pathways to commercial success, helping complete the last mile of deep decarbonization.”
Including this fund, EIP has raised over $3 billion and saw the majority of existing strategic investors commit 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.
About Energy Impact Partners
Energy Impact Partners LP (EIP) is a global venture capital firm investing in the transition to a sustainable future. EIP brings together entrepreneurs and some of the world’s most forward-looking energy and industrial companies to advance innovation. With over $3 billion in assets under management, EIP invests globally across venture, growth, credit, and infrastructure – and has a team of over 80 professionals based in its offices in New York, San Francisco, Washington D.C., Palm Beach, London, Cologne, and Oslo. For more information on EIP, please visit www.energyimpactpartners.com.