Venture capital investor Energy Impact Partners announced today the final close on its latest Flagship Fund, raising over $1 billion in capital commitments to invest in climate solutions-focused technology companies.
The new fund includes partners and investors from a broad range of sectors, ranging from utility, energy and real-estate, to mobility and industrials, including Microsoft, through its Climate Innovation Fund, AvalonBay, Duke Energy, EDF, Fortis, and Southern Company, among others.
EIP said that it works industrial partners and investors to help them reach their own net zero and decarbonization goals, while catalyzing growth in its climate investments portfolio. The firm invests in venture and growth companies advancing critical climate solutions, helping them scale by leveraging its strategic partner coalition. According to EIP, 85% of the firm’s industrial partners are working with portfolio companies, and two-thirds of the portfolio is working with one or more partners.
Hans Kobler, Founder and Managing Partner of EIP, said:
“We are thrilled to bring together an even larger coalition of utilities and industrials focused on creating a sustainable future. Tackling climate change is a major challenge and opportunity that can only be solved by working together. Our unique engagement model helps our partners innovate, drives growth in our investments and maximizes real near-term climate impact as a result.”