Sunbelt Rentals

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Viridi Parente develops point-of-use lithium-ion battery technology. The energy storage systems (RPS50, RPS150) range from 50 kWh to 150 kWh and have a 3,500-cycle life (10 years).The company operates two subsidiaries: 1) Green Machine Equipment, which deploys mobile energy storage solutions for products across construction equipment, waste disposal, last-mile delivery, and other mobile industrial markets, and 2) Volta Energy Products, which involve point-of-use lithium-ion batteries for stationary energy storage. Applications include data centers, medical facilities, industrial facilities, and residential and commercial spaces.&nbsp;In July 2023, Viridi Parente launched its subsidiary Viridi MENA. The company, which is headquartered in Al Khobar, Saudi Arabia, will work with partners in the region to manufacture and deploy Viridi’s energy storage systems in the Middle East and North Africa (MENA).Key customers and partnershipsViridi Parente has a partnership with Ly-Cycle and commits to 100% recycling for all end-of-life cells. In May 2022, the company shipped its initial batch of batteries to Li-Cycle.Funding and financials&nbsp;Viridi Parente’s most recent funding round was in January 2022, when it raised <a href="https://sp-edge.com/updates/7869">USD 94.7 million</a> in a Series C round led by B. Thomas Golisano. The proceeds were used to scale up its point-of-use lithium-ion battery tech.&nbsp;

Moxion Power manufactures and rents mobile energy storage solutions, providing temporary power-as-a-service solutions to customers in construction, electrified transportation, events and entertainment, and telecommunications. The company’s technology, powered by AI and software, and its vertically integrated business model offer an alternative to fossil-fuel-burning generators. Moxion Power claims that storing energy from the grid in a battery is around 7x cheaper than converting diesel fuel into electricity in commercial generators.&nbsp;The company offers two products: the MP-75 offers 75 kW of power and over 600 kWh of energy storage while the MP-30/200 offers a maximum continuous output of 30 kW and 200 kWh of energy storage. Furthermore, multiple Moxion units can be combined and operated at once to increase power and energy capacity.In May 2023, Moxion reported plans to build a 205,000 sq.ft manufacturing plant in California with an annual production capacity of 7 GWh.Key customers and partnershipsMoxion Power has signed letters of intent with several large construction firms, including Turner, Swinerton, Webcor, and DPR, and EV fleet operators in the US.In December 2022 Amazon began leasing Moxion units on multiple sets at Amazon Studios. Following this in March 2023, Sunbelt Rentals ordered over 600 MP-75/600 mobile battery units for its operations.Funding and financialsIn September 2022, Moxion Power raised USD 100 million in a <a href="https://sp-edge.com/updates/13425">Series B funding round</a> led by Tamarack Global. The funds will be used to scale production at Moxion’s first two domestic manufacturing facilities in California; one of which is currently under construction and the second which is to be commissioned in 2024.Prior to this, in May 2021, Moxion Power raised USD 10 million in a <a href="https://sp-edge.com/updates/3461">Series A funding round</a> led by Energy Impact Partners. The company used the proceeds to scale its manufacturing operations, launch its first rental location, and tend to its backlog of customer orders. Other investors in Moxion include the Amazon Climate Pledge Fund, the Microsoft Climate Innovation Fund, Sunbelt Rentals, Enterprise Holdings, and Marubeni Ventures.

Moxion Power develops zero-emission generators and off-road equipment to support industries. Moxion Power offers temporary mobile power units which run on electric power for charging and coupled with automatic swapping functionality, enabling clients from the construction industry, events and entertainment, utilities, EV fleet operators, and government agencies to get their temporary energy needs met in an eco-friendly manner.

Viridi Parente is a disruptive energy company that builds power systems which employ their proprietary architecture. The company's products are clean, sustainable power sources that replace century old distributed energy platforms, such as fossil fuel, lead-acid batteries and other outdated technologies.

Sunbelt Rentals is the equipment rental companies in the United States and Canada. Backed by a network of more than 600 locations, Sunbelt Rentals provides equipment rental solutions for customers in the commercial, residential, industrial, municipal and specialized service industries, as well as weekend do-it-yourselfers.

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Construction Tech

Platforms that assist construction companies and employers with the management of various on-site jobs and functions, along with features for task allocation, collaboration, document management, and job-site management.

Companies that use AI, machine learning, and technologies such as drones to collect and process data that can be used to monitor aspects such as construction progress, material consumption, and equipment utilization and predict site safety risks.

Platforms that allow companies to purchase and rent equipment needed for construction activities.

Platforms that match construction companies with contractors and on-site workers.

Platforms that allow construction companies to procure raw materials and monitor/manage inventory utilization.

Companies that develop robots and autonomous solutions for construction machinery.

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