In December 2022, Waste Resource Management acquired Silver City Processing via its financial sponsor NGP Energy Technology Partners. Silver City Processing is a liquid waste management company intended to serve food processing, manufacturing and automotive sectors
In November 2022, Dandelion Energy, a provider of geothermal heating & cooling solutions, raised $69.7 million of Series B1 venture funding in a deal led by NGP Energy Technology Partners and Lennar Ventures. GV and six other investors also participated in the round. The funds will be used to expand in retrofit and new construction markets
In October 2022, Form Energy secured $450 million of Series E venture funding in a deal led by TPG. NGP Energy Technology Partners, ArcelorMittal, Coatue Management, and other investors also participated in the round. The funds will help to build Form Energy’s manufacturing facility and support the manufacturing of its multi-day battery
In August 2022, Ojjo, a provider of next-generation solar foundations, received an undisclosed amount of development capital from NGP Energy Technology Partners
In April 2022, GridX, a clean energy enterprises rate platform developer, raised $38 million of Series C venture funding in a deal led by Energy Impact Partners. Sunfox Capital, NGP Energy Technology Partners and Moore Strategic Ventures also participated in the round. The funds will be utilised to accelerate the company’s clean energy transition
In October 2021, Persefoni, a developer of carbon footprint management SaaS platform raised $101 million of Series B venture funding in a deal led by Prelude Ventures and The Rise Fund. EDF Pulse Ventures, Bain & Company, NGP Energy Technology Partners, Sallyport Investments, Parkway Venture Capital and 6 other investors participated in the round. The funds will be used by the company to support its expansion plans beyond its existing organization across 18 US states and eight countries
In August 2021, Form Energy, a developer of sodium-based energy storage system raised $240 million through a combination of debt and Series D venture funding in a deal led by ArcelorMittal. TPG, Coatue Management, Macquarie Asset Management, Temasek Holdings. 10 other investors including NGP Energy Technology Partners also participated in the round. The funds will be used to accelerate its market entry
