Clean Energy Ventures

Why did we make a significant investment in DG Matrix? In our latest “Why We Invested” piece, CEV Investment Partner Peter Sopher dives into why CEV couldn’t pass up DG Matrix’s innovative approach to solid state transformers, which will be a critical technology in the future of transformers. Without needing to rely on utility or OEM customers, nor capital-intensive manufacturing facilities, DG Matrix’s compact transformers are able to support electrification, EV charging, and buildings at scale, from hospitals and grocery stores to gas stations and data centers. More from Peter on why DG Matrix is transforming power distribution: https://lnkd.in/efF68XkG

Highlights from the ARPA-E Energy Innovation Summit ? Back for another insightful conference and expo, CEV’s Micha Ben-Naim and Dr Charlotte Kirk spent a few days hearing about the next wave of innovation already making an impact across critical industries from manufacturing to recycling to sustainably establishing domestic supply chains for energy industries. Check out a few snapshots below of our team and our portfolio companies in action.??

Another great CERAWeek in the books for the CEV team, where we sat in on insightful conversations on the next era of energy innovations from leading industry voices, including CEV portfolio CEOs from DG Matrix, OXCCU TECH LTD, and Transaera, Inc. Thanks to all who also joined us at our event, it was great to see you all in Houston!?

Voting for the Climate50 is open! ?? Highlighting companies making bold bets in climate, the Climate50 list is rounding up the top 50 investors in the sector. If you love the work we’re doing, make sure to vote for CEV in the Public’s Favorite VC category. Check out the comments for the link to vote!?

Meet the latest company in our portfolio, DG Matrix! Introducing a new approach to grid management, DG Matrix’s novel Power Router technology replaces the need for multiple electrical systems with one solution – a critical technology to meet rising load growth. Recognizing that sectors across AI, EVs, and electrification are struggling to manage the rise of more complex electricity configurations, DG Matrix developed a versatile, cost-effective solution to integrate multiple AC and DC energy sources and loads simultaneously without sacrificing grid integrity. With plans to scale commercially this year, DG Matrix’s decarbonized energy system will enable the U.S. to lead AI delivery and electrification, while alleviating grid pressure globally. We’re grateful to be joined by our powerhouse cohort of co-investors: ABB, Cerberus Ventures GmbH, Chevron Technology Ventures, and Piedmont Capital. Congrats to Haroon Inam and the DG Matrix team on this milestone! More on how DG Matrix is transforming grid management: https://bit.ly/4iH54oE

?DG Matrix raises $20M in funding to revolutionize global energy infrastructure with the world’s first multi-port solid-state transformer? The oversubscribed seed round led by Clean Energy Ventures with participation from ABB, Chevron Technology Ventures, Piedmont Capital Investments, and Cerberus Capital Management will enable DG Matrix to accelerate progress on achieving key milestones, including: -?Deploying second-generation Power Router units -?Ramping our Raleigh-Durham facility -?Executing on our backlog of $43M of POs -?Hiring all-star team members -?Driving forward further innovations as we tackle multiple multi-billion-dollar markets The DG Matrix Power Router platform is a step change for this industry, replacing a legacy solution of 15-20 devices and enabling integration of multiple AC and DC energy sources and loads in a single solution that is more versatile, efficient, and compact than any product on the market. Delivering on the tens of millions of dollars’ worth of purchase orders already secured and capitalizing on accelerating commercial momentum, DG Matrix is excited to team up with this renowned group of investors to push the boundaries of what’s possible for the AI datacenter and electrification industries. As we reach this major milestone, we continue to look toward the future. Thank you to our customers, partners, investors, and team for your support on our mission to enable electrification and decarbonization everywhere. ?? Read more here: https://lnkd.in/ebtjXveB #EnergyInnovation #AI #PowerRouter #Electrification #Decarbonization

?? On the ground at CERAWeek: Catch Daniel Goldman, Peter Sopher, and Dr Charlotte Kirk on site all week! And if you’re interested in connecting with a great group of award-winning companies, our portfolio companies including Ayrton Energy, LineVision, Advanced Ionics, Carbon Upcycling Technologies, Transaera, Inc., OXCCU TECH LTD, Noon Energy and Electrified Thermal Solutions, can be found at the event too.

Recognized for their efforts in opening up a market for decarbonized ammonia, CEV portfolio company NitroFix has been named a BloombergNEF Pioneer finalist! Congratulations to Ophira Melamed, Ph.D. and the Nitrofix team. We’ve been lucky to be part of Nitrofix’s journey and believe that their innovation will play an important role in reducing emissions across industrial markets like shipping, clean energy, agriculture, and more.?? See the full list ?? https://lnkd.in/eXuu3diy

In just a couple short weeks, I'll have the pleasure of joining Bertrand Laroche of Agilyx on stage at SuperReturn Energy to investigate the state of recycling today and the pervasive challenges that lay ahead when it comes to improving resource-use efficiency. As we continue to battle ever-increasing plastic pollution and the harmful effects of these materials on our atmosphere, ecosystems, and bodies, it's long overdue that we discuss the role of corporates, consumers, and innovators like MacroCycle Technologies, aiming to make a dent in this generation-defining issue. Message me if you will be there and would like to chat, or if you'd like more information on discounts and opportunities to attend. Clean Energy Ventures

?? As a member of the ACT (American Circular Textiles), our CEO Stwart Pe?a Feliz joined the Executive Lobby Day in Washington DC, advocating for policies to encourage textile circularity. At MacroCycle Technologies, we are engaging with policymakers to address and educate on a variety of strategic topics, including how innovation in chemical recycling will be required to create a fully circular economy. We are doing our part in demonstrating that chemical recycling is more than plastics to oil, but the pathway towards upcycling end-of-life materials that cannot be repaired, reused or mechanically recycled. Smart legislation and incentives armed with this knowledge will allow sustainable businesses to grow and thrive, while we unleash our domestic manufacturing and increase our supply chain resiliency, which is critical with our current environment and recent news. Great to connect with leaders in government, including with the offices of Senator Ed Markey, Senator Sheldon Whitehouse and Congresswoman Chellie Pingree. We would like to thank the ACT (American Circular Textiles) and Rachel Van Metre Kibbe for making it happen, and to our circular economy peers GAMBERT SHIRTMAKERS, Project Repat, Circ?, Garson & Shaw, LLC, USAgain, Vestiaire Collective, unspun?, and ThredUp for their collaboration in advancing this crucial dialogue. #CircularEconomy #PolicyAdvocacy #Sustainability