InfraCo seeks to fund and develop projects in sectors or geographies where the private sector would not otherwise work at such an early stage, seeking to exit its projects to private sector developers/financiers once project viability has been demonstrated, normally at or shortly before financial close. InfraCo will not compete directly with the private sector but seeks to mobilise private sector involvement by bearing the time and cost risk of front end project development in order to mobilise private sector investment.

InfraCo Africa

Synergy Growth is a private tech investment fund, established in 2011 by Steve Brooks and Nat Billington. Their purpose is to make early stage investments in disruptive technologies that aim to change the way we live our lives for the better.   They invest resources in exceptional entrepreneurs and teams to help accelerate their growth and bring to market their innovative ideas and products.  Their current portfolio has a strong focus on clean energy production and storage, and transport, as climate change is the most pressing issue facing humanity today.   They have also invested in start-ups that harness the latest technologies to alter the way they work, communicate, travel and learn, towards more efficiency and less waste.

Synergy Growth

Khosla Impact's mission is to assist great entrepreneurs developing products and services for the three billion people at the bottom of the world’s economic pyramid.  Khosla Impact assists high-impact entrepreneurs who open up markets, increase productivity, and improve standards of living for the bottom half of the world economy.  We invest in world-class entrepreneurs who are passionate about solving challenging, often intractable socio-economic problems through careful application of science, technology, and design or through creative business models. We believe in experimentation and encourage this approach among our entrepreneurs. We evaluate a wide range of opportunities but are primarily focused on for-profit enterprises serving people at the bottom half of the world’s economic pyramid: low-income laborers, farmers and families, as well as small businesses in emerging markets. Given our experience, South Asia is our initial, but not exclusive, geography of focus. We welcome entrepreneurs and business plans from all countries and regions.

Khosla Impact

As the impact investment arm of the DOEN Foundation, DOEN Participaties invests in innovative, early stage companies whose mission is to make an environmental and social impact.

DOEN Participaties

Bamboo Capital Partners is a commercial private equity firm making investments that matter. We find game-changing businesses then applies a mix of geographical and sector expertise to deliver financial and social returns.

Bamboo Capital Partners

ENGIE is a global energy player and an expert operator in the three key sectors of electricity, natural gas and energy services. The Group supports changes in society that are based as much on economic growth as on, social progress and the preservation of natural resources.   ENGIE employs 152,900 people worldwide and achieved revenues of €74.7 billion in 2014. The Group is listed on the Paris and Brussels stock exchanges (ENGI) and is represented in the main international indices: CAC 40, BEL 20, DJ Euro Stoxx 50, Euronext 100, FTSE Eurotop 100, MSCI Europe and Euronext Vigeo (World 120, Eurozone 120, Europe 120 and France 20).   As a global energy player, ENGIE operates in close to 70 countries on 5 continents. While the Group still intends to maintain its position as a key player in Europe and a leader on the energy transition, it is now a benchmark energy provider in the emerging world.

Engie

KawiSafi Ventures is a venture capital firm.

KawiSafi Ventures

MKB is a Montreal-based merchant bank that sources, structures and manages private investments in renewable energy, urban infrastructure services and related sectors for its own account as well as for high net worth individuals, family offices, corporate clients and institutional investors. They target attractive risk-adjusted returns through investments in markets including solar energy, intelligent transportation, LED lighting and energy storage.

MacKinnon, Bennett & Company

African Infrastructure Investment Managers (AIIM) develops and manages private equity infrastructure funds designed to invest long-term institutional unlisted equity in African infrastructure projects.  AIIM actively manages investments in East, West and Southern Africa and has equity under management of USD1.9 billion with a track record extending across seven African infrastructure funds.

African Infrastructure Investment Managers

Mitsubishi Corporation (MC) is a global integrated business enterprise that develops and operates businesses across virtually every industry including industrial finance, energy, metals, machinery, chemicals, living essentials, and environmental business. MC's current activities are expanding far beyond its traditional trading operations as its diverse business ranges from natural resources development to investment in retail business, infrastructure, financial products and manufacturing of industrial goods.

Mitsubishi Corporation

Bboxx

BBOXX designs, manufactures, and distributes plug and play solar systems to enhance access to energy throughout Africa. It aims to expand on this mission by creating innovative methods of distributing renewable energy to the bottom of the pyramid in developing countries. Consumers will have the ability to have a western energy experience off-the-grid and in rural areas. The company focuses on providing access to the fundamental need of access to electricity combined with superior customer service.

<div>UK-based Bboxx provides off-grid home solar power systems designed to overcome inadequate access to energy in developing markets. As of January 2021, Bboxx had installed more than 200,000 home solar systems, serving nearly 1.5 million people, across 11 African countries and Pakistan.&nbsp;</div>

Moving industry forward with next-generation advancements in energy storage and transmission.

Alternative Energy

<div>BBOXX designs, manufactures, and distributes plug and play solar systems to enhance access to energy throughout Africa. It aims to expand on this mission by creating innovative methods of distributing renewable energy to the bottom of the pyramid in developing countries. Consumers will have the ability to have a western energy experience off-the-grid and in rural areas. The company focuses on providing access to the fundamental need of access to electricity combined with superior customer service. BBOXX was founded in 2010 and is based in London.</div>

Smart Homes: Energy & Water Solutions

<div>
 
 UK-based Bboxx provides off-grid home solar power systems designed to overcome inadequate access to energy in developing markets. As of January 2021, Bboxx had installed more than 200,000 home solar systems, serving nearly 1.5 million people, across 11 African countries and Pakistan.&nbsp;
 
 
 Bboxx offers three home solar power systems, bPower20, bPower50, and bPower300, which can generate 51, 200, 650 watthours of energy per day, respectively. Bboxx uses a pay-as-you-go (PAYG) model, allowing users to pay in installments through mobile payment solutions. 
 
 
 In September 2022, Bboxx acquired 
 <a href="https://sp-edge.com/updates/12843">
 PEG Africa
 </a>
 , a company that finances and deploys solar power to households and SMEs, to become the leading super platform for essential products and services in Africa. During the same month, Bboxx partnered with 
 <a href="https://sp-edge.com/updates/13233">
 Unilever
 </a>
 through its Sunlight brand to accelerate access to clean energy across Kenya.
 
 
 In 
 <a href="https://sp-edge.com/updates/15008">
 November 2022
 </a>
 , Bboxx secured a loan of EUR 11 million (~USD 11.5 million) from the Off Grid Energy Access Fund which will support the company&rsquo;s efforts of distributing solar home systems to last-mile customers in Togo. Prior to this, in August 2019, Bboxx raised USD 50 million in a Series D round led by Mitsubishi. The funds were part of Bboxx&rsquo;s global expansion efforts.&nbsp;
 
 
 
 
 
 
 
</div>

<div>
 
 Canada-based Carbon Engineering specializes in Direct Air Capture (DAC) and air-to-fuel (ATF) technologies. As of January 2021, Carbon Engineering&rsquo;s DAC technology has a proposed cost of capture of around USD 100 per ton of carbon dioxide.&nbsp;
 
 
 
 
 Carbon Engineering&rsquo;s pilot plant in British Columbia, Canada, which was built as a proof of concept, captures only one ton of carbon dioxide per day. Carbon Engineering estimates that a plant capable of capturing one million tons of carbon dioxide per year, which is equivalent to 40 million trees, would require 150-300 acres of land.&nbsp;
 
 
 Key customers and partnerships
 
 
 In May 2019, Carbon Engineering partnered with Oxy Low Carbon Ventures, a subsidiary of the US oil and gas company, Occidental Petroleum, to build its first commercial DAC facility in Texas. The proposed project will start with one DAC plant that captures one megaton of atmospheric carbon dioxide per year and is expected to expand to include multiple DAC plants, each capable of capturing one megaton of carbon dioxide&nbsp;annually. The construction of the first plant is expected to begin in 2022 and be completed by 2024. Carbon Engineering also has a partnership with Storegga Geotechnologies to deploy its technology in the UK. In June 2022, Carbon Engineering extended its collaboration with 
 <a href="https://sp-edge.com/updates/10949">
 1PointFive
 </a>
 to deploy DAC projects globally.&nbsp;
 
 
 
 
 As of March 2021, Carbon Engineering allows customers to pre-purchase carbon removal quantities with a deposit for their carbon removal units. The remainder is due once the carbon dioxide has been physically removed and independently verified. Customers may receive discounts for purchasing higher volumes.
 
 In March 2021, Carbon Engineering signed up Shopify as their first customer, having reserved 10,000 tons of permanent carbon removal capacity from a future carbon capture project.&nbsp;
 
 
 
 
 In July 2021, Carbon Engineering partnered with BeZero, a British climate asset and liability management company, for a joint retail offering that allows customers to purchase Carbon Engineering&rsquo;s carbon removals through BeZero&rsquo;s website&mdash;at a price of USD 680 per 10 metric tons.&nbsp;&nbsp;
 
 
 
 
 In October 2021, Carbon Engineering also partnered with Huron Clean Energy (Canada), The Upper Nicola Band (Canada), and Oxy Low Carbon Ventures to develop a large-scale commercial ATF facility in British Columbia. The facility is expected to begin construction in 2023, and operations are targeted to commence in 2026.
 
 
 Funding and financials
 
 
 Carbon Engineering's most recent funding event was in 
 <a href="https://sp-edge.com/updates/14763">
 November 2022
 </a>
 when it raised an undisclosed amount from aviation leaders, Airbus and Air Canada, to support the development of its DAC technology. Prior to this in March 2019, Carbon Engineering raised USD 68 million from Chevron, Occidental Petroleum, and BHP.&nbsp; The company also received a USD 25 million grant from the Canadian government in June 2019. The cash helped speed up development and go-to-market activities for Carbon Engineering&rsquo;s DAC technology.&nbsp;
 
 
 
 
 In
 <a href="https://sp-edge.com/updates/21044">
 August 2023
 </a>
 , Occidental Petroleum announced a definitive purchase agreement to acquire Carbon Engineering for USD 1.1 billion in cash. The deal is expected to close before the end of 2023.
 
</div>

Carbon Engineering

<div>
 
 TAE Technologies is a next-generation renewable energy company focusing on fusion technology. As of March 2021, TAE has yet to commercialize its technology while it continues to develop its experimental Copernucis platform. The company expects to go to market by 2030. Moreover, in January 2023, formed a new subsidiary known as TAE Power Solutions. This subsidiary is developing a unique technology platform derived from fusion research to improve the reliability, efficiency, longevity, and affordability of electric-powered products, including EVs and renewable energy storage.
 
 
 
 
 The company&rsquo;s technology attempts to fuse hydrogen and boron to produce light to generate heat for power generation. As of January 2021, TAE Technologies had obtained more than 1,400 patents and launched several spin-off technologies in sectors such as electric mobility, power management, and life sciences. 
 
 
 
 
 In October 2021, TAE Technologies partnered with National Institute for Fusion Science (NIFS), a Japanese research institute, to test hydrogen-boron (p-B11) fusion reactions. Furthermore, in 
 <a href="https://sp-edge.com/updates/16848">
 March 2023
 </a>
 , TAW and NIFS carried out the world&rsquo;s first hydrogen-boron fusion experiments in a magnetically confined fusion plasma.
 
 
 
 
 Since 2014, TAE Technologies has worked with Google to apply machine learning, data science, and advanced computations to jointly develop the Optometrist Algorithm to speed up experiments involving plasma, the core ingredient in a fusion reaction.&nbsp;
 
 
 
 
 The company&rsquo;s most recent funding event was a 
 <a href="https://sp-edge.com/updates/11710">
 July 2022
 </a>
 USD 250 million round led by Google. In April 2021 TAE Technologies raised USD 280 million led by Google and New Enterprise Associates. Funds were expected to be used to further the company&rsquo;s fusion experiments and to build a new reactor scale facility.&nbsp;
 
 
 
 
 
</div>

TAE Technologies

<div>
 
 Canada-based Enerkem converts waste into transportation fuels and chemicals. The company produces renewable methanol and ethanol from non-recyclable and compostable solid waste. Ethanol produced by Enerkem is used as a high octane oxygenate in gasoline to reduce its toxicity.&nbsp;
 
 
 As of January 2021, Enerkem operates a single biofuel facility in Edmonton, Canada, which produces around 38 million liters of biofuel per year. Enerkem has a 25-year agreement with the city of Edmonton to recycle 100,000 dry metric tons of waste per year.&nbsp;
 
 
 Enerkem also has six additional facilities that are either under development or permitted (3 in Europe, 2 in North America, and 1 in Asia-Pacific) as of January 2021. One such project, a proposed biofuel facility at Varennes (Canada), is planned to be developed with the Canadian hydro-electricity company Hydro-Quebec into one of the largest advanced biofuel facilities in the world, with an annual capacity of 125 million liters.&nbsp;
 
 
 Enerkem&rsquo;s 
 <a href="https://sp-edge.com/updates/9646">
 most recent funding 
 </a>
 event was an April 2022 CAD 255 million (USD 203 million) round led by Repsol. The funds were to be used to expand Enerkem&rsquo;s geographical footprint in Europe and to scale up the deployments of its gasification technology. As of April 2021, Enerkem is the highest-funded waste-to-energy company in the world with total funding of USD 872 million.
 
 
 
 
 
</div>

Enerkem

<div>
 
 LanzaTech has developed the technology to capture carbon dioxide emissions from industrial applications and ferment them using bacteria to produce ethanol, which can be used in industrial chemicals and biofuel production. As of June&nbsp;2022, LanzaTech held over 1,115 patents, and was in the early stages of commercialization.
 
 
 In 2018, LanzaTech partnered with Shougang Group (a leading Chinese iron and steel producer) to develop the world&rsquo;s first commercial facility to convert industrial emissions to ethanol in China. LanzaTech has been exploring several pathways to convert its sustainable ethanol into valuable commercial products, from cleaning products to product packaging to sustainable clothing.&nbsp;
 
 
 In June 2020, LanzaTech announced a new venture, LanzaJet, to produce sustainable aviation fuel (SAF) using low carbon intensity ethanol. LanzaTech will initially build a demonstration plant in 
 <a href="https://sp-edge.com/updates/7808">
 Georgia
 </a>
 that can produce around 10 million gallons of aviation fuel per year, which is expected to be completed by 2022. In June 2021, LanzaJet announced the world&rsquo;s first commercial-scale ethanol-SAF production facility in South Wales to produce around 330 million liters of blended SAF per year. The company also plans to deploy a commercial SAF plant in 
 <a href="https://sp-edge.com/updates/8441">
 Illinois
 </a>
 .
 
 
 
 
 &nbsp;In 
 <a href="https://sp-edge.com/updates/15340">
 December 2022
 </a>
 , the company completed fabrication and construction of its process technology which converts ethanol into SAF and began site installation at its Freedom Pines Fuels production facility (UK). The facility is set to be completed in 2023 and will produce 10 million gallons of SAF and renewable diesel per year from ethanol.
 
 
 
 
 In 
 <a href="https://sp-edge.com/updates/13690">
 October 2022
 </a>
 , LanzaTech successfully engineered specialized biocatalysts to directly produce ethylene from CO2 in a continuous process. The company had previously produced ethylene by using ethanol produced from carbon emissions and converting it to ethylene. The company is also using bacteria used in the fermentation process to produce commercial proteins.&nbsp;
 
 
 
 
 Key customers and partnerships
 
 
 LanzaTech&rsquo;s sustainable ethanol has been used in Swiss company Mibelle&rsquo;s cleaning products, L&rsquo;Oreal&rsquo;s hair product packaging, Unilever's laundry capsules, Coty&rsquo;s fragrance products, and On and Borealis&rsquo;s running shoes. 
 
 
 LanzaTech has also partnered with the German chemical company BASF to develop n-octanol at laboratory scale, the carbon transformation startup 
 <a href="https://sp-edge.com/companies/427874">
 Twelve
 </a>
 to develop polypropylene from carbon emissions, Spray Engineering Devices Limited (SED), a leading Indian engineering company, to convert bagasse to ethanol in India and 
 <a href="https://sp-edge.com/updates/9375">
 SHV Energy
 </a>
 , a Netherlands-based renewable energy solutions provider, to develop renewable propane.
 
 
 LanzaTech has partnered with Mitsui &amp; Co (a Japanese conglomerate), Suncor Energy (a Canadian oil and gas producer), and All Nippon Airways (the largest airline in Japan) for its LanzaJet venture. In 
 <a href="https://sp-edge.com/updates/14093">
 October 2022
 </a>
 , LanzaTech extended its partnership with Suncor to deploy a demonstration facility that converts waste-based feedstock into ethanol and other chemicals. LanzaTech has also signed a memorandum of understanding (MoU) with Vattenfall (a Swedish utility company), Shell, and Scandinavian Airlines System (SAS) to explore the production of synthetic SAF. 
 
 
 LanzaJet has partnered with 
 <a href="https://sp-edge.com/companies/455517">
 Carbon Engineering
 </a>
 to investigate the feasibility of a commercial facility in the UK to produce more than 100 million liters of SAF per year. LanzaTech 
 <a href="https://sp-edge.com/updates/9297">
 partnered
 </a>
 with Woodside and ReCarbon to examine the feasibility of building a CCU facility in Perth, Australia. In April 2022, LanzaTech also collaborated with Bridgestone Americas for tire recycling. In May 2022, LanzaTech 
 <a href="https://sp-edge.com/updates/10751">
 partnered
 </a>
 with Danone (a French multinational food producer) to produce monoethylene-glycol (MEG) directly from captured carbon emissions, for use in PET bottles and fibers.
 
 
 In September 2022, LanzaTech partnered with;
 <a href="https://sp-edge.com/updates/13091">
 
 On
 </a>
 , a Swiss shoe manufacturer, to launch its first shoe made from carbon emissions, called Cloudprime and;
 <a href="https://sp-edge.com/updates/13315">
 
 Givaudan
 </a>
 , to develop sustainable fragrance ingredients from renewable carbon. In October 2022, LanzaTech entered into a funding partnership with
 <a href="https://sp-edge.com/updates/13520">
 
 Brookfield Renewable
 </a>
 to build new commercial-scale production plants to transform captured carbon into raw material commodities. During the same month, the company partnered with 
 <a href="https://sp-edge.com/updates/14003">
 Woodside Energy
 </a>
 to design, construct, own, maintain, and operate pilot facilities relating to LanzaTech&rsquo;s proprietary technologies.
 
 
 In February 2023, LanzaTech partnered with 
 <a href="https://sp-edge.com/updates/16516">
 Tadweer
 </a>
 to explore the possibility of developing a large-scale conversion plant for transforming solid municipal waste into SAF. 
 In May 2023, the company partnered with 
 <a href="https://sp-edge.com/updates/18542">
 Abu Dhabi National Oil Co
 </a>
 . (ADNOC) to explore technology solutions for reducing the industry's carbon footprint while producing sustainable fuels and chemicals.
 
 
 
 
 Funding and financials
 
 
 In December 2022, LanzaTech;s subsidiary LanzaTech UK&rsquo;s Decarbonizing and Reimagining Aviation for the Goal of Net-zero (DRAGON) facility project received a GBP 25 million (~USD 30.3 million) grant from the 
 <a href="https://sp-edge.com/updates/15424">
 UK Department for Transport&rsquo;s Advanced Fuels Fund Competition
 </a>
 . The funding from the grant will be used to complete the engineering and project development required for a final investment decision on the SAF project.
 
 
 
 
 In October 2022, 
 <a href="https://sp-edge.com/updates/13520">
 Brookfield Renewable
 </a>
 announced it will invest an initial USD 500 million in LanzaTech to construct and operate new CCT projects. In the same month, LanzaTech along with its research partners received USD 18.5 million in funding from the 
 <a href="https://sp-edge.com/updates/13599">
 US Department of Energy
 </a>
 for integrating cell-free systems and genome engineering to accelerate biosystems design for carbon-negative biomanufacturing. During the same month LanzaJet became the first recipient of a 
 <a href="https://sp-edge.com/updates/13879">
 USD 50 million
 </a>
 funding grant from the Breakthrough Energy Catalyst. The funding provided by the grant will be directed to LanzaJet&rsquo;s Freedom Pines Fuels SAF plant in Soperton, Georgia to enable the plant to maintain its development pipeline.
 
 
 
 In February 2023, LanzaTech entered into a 
 <a href="https://sp-edge.com/updates/16274">
 SPAC deal
 </a>
 to list on Nasdaq, at valuation of USD 1.8 billion. The company received ~USD 240 million from this transaction including USD 185 million from a common equity PIPE (Private investment in public equity).
 
 
 
</div>

LanzaTech

<div>
 
 Commonwealth Fusion Systems (CFS) is an MIT spinoff that focuses on commercializing fusion energy technology and plans to build a fusion energy power plant based on the ARC design–a theoretical design for a compact fusion reactor developed by the MIT Plasma Science and Fusion Center–by 2025.  
 
 
 As of November 2021, CFS is the highest-funded fusion energy company in the world, with total funding of USD 2 billion. The company’s most recent funding was in November 2021, where it raised USD 1.8 billion in a Series B funding round led by Tiger Global Management. The company will use the proceeds to build and operate SPARC, the world’s first fusion energy machine, (expected to be operational by 2025). The funds will also be utilized to commence deployment of ARC, the first fusion energy power plant to commercialize fusion energy (expected to be completed by 2030).  
 
 
 
</div>

Commonwealth Fusion Systems

Provides next-gen renewable energy sources and energy storage for sustainable energy consumption

Companies that facilitate renewable energy generation through next-generation advances in conventional renewable energy technologies such as solar, wind, and hydro.

<div>
 
 BBOXX designs, manufactures, and distributes plug and play solar systems to enhance access to energy throughout Africa. It aims to expand on this mission by creating innovative methods of distributing renewable energy to the bottom of the pyramid in developing countries. Consumers will have the ability to have a western energy experience off-the-grid and in rural areas. The company focuses on providing access to the fundamental need of access to electricity combined with superior customer service. BBOXX was founded in 2010 and is based in London.
 
</div>

<div>
 
 Swell Energy is an energy storage provider. The company provides high quality, smart, lithium-ion home batteries that connect solar-powered grids and home electrical systems to be used as power backups during grid failure. Swell Energy's system allows its users to produce solar power, store it in the smart battery, and optimize its usage by monitoring it on the Swell Compass Energy Platform, an app designed for this purpose. The app also allows it to sell the excess battery capacity to local utilities.
 
</div>

Swell Energy

<div>
 
 ZOLA Electric designs renewable energy solutions based on the latest in solar, battery and power electronics technology. Adaptable to energy need and income, ZOLA Electric’s solar systems can be bought over time using PAYGo micro-finance leasing and mobile money payments. ZOLA Electric powers more than 180,000 homes and businesses across Tanzania, Rwanda, Côte d’Ivoire and Ghana. Investors include Tesla, Vulcan Capital, DBL Partners, Helios Investment Partners, EDF, Total and GE Ventures. ZOLA Electric is a recipient of the UN Momentum for Change Award, the Zayed Future Energy Prize and is a member of the Global Cleantech 100.
 
</div>

Zola

<div>
 
 1Komma5° offers green energy solutions to reduce carbon footprints. It provides options such as Photovoltaik, a system with solar panels, inverters, and intelligent technology that is a CO2 neutral energy producer. It also offers energy storage, with systems that will contribute to the public power grid and store excess energy, and an intelligent heat pump that can be combined with current energy systems at low cost without fossil fuel usage. Additionally, it provides charging infrastructure for electric cars with its intelligent charging stations. Headquartered in Germany, it offers EV users free electricity for driving up to 5,000 km annually.
 
 
 
</div>

1Komma5°

BBOXX

<div>
 
 Aquion Energy manufactures Aqueous Hybrid Ion (AHI™) batteries, battery systems, and stationary energy storage systems. It is able to store energy from renewable resources and can be used on systems requiring kilowatt-hours to megawatt-hours. For homeowners, the company provides options such as home batteries, solar light, solar battery chargers, Aspen home battery storage, portable solar panels, solar batteries, RV solar panels, solar battery sizing, solar battery lights, trolling motor batteries, and solar car battery chargers. The batteries are manufactured for long durations and used for applications like microgrids, telecommunication, commercial and industrial lighting, and green architecture.
 
 
 
</div>

Aquion Energy

Uses AI/ML to monitor and provide recommendations on energy and water usage

Focuses on achieving sustainability through renewable energy, saving and storing excess energy, etc.

Companies that develop advanced energy generation technologies for houses (mostly solar).

Bboxx

Recent Updates

Bboxx and EDF secure EUR 11 million loan

Bboxx and Unilever partner to accelerate access to clean energy across Kenya

Bboxx acquires PEG Africa to become leading super platform

Bboxx launches new entry-level off-grid solar brand

Company Brief

Funding

Investors

About EDGE

Contact Us

Resources

Area of Focus

Technology Research Made Effortless