Our portfolio
We're lucky to get to work alongside some of the smartest, most ambitious founders, building solutions to the biggest problems in climate change.
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Aviation
Stealth investment delivering low cost sustainable aviation fuel
Aviation is responsible for 2.5% of global CO2 emissions. To decarbonise long-distance travel, low carbon synthetic fuels are our most viable option today. This stealth company is aiming to produce sustainable aviation fuel from CO2 and H2 at low costs using a novel technology that can efficiently utilise intermittent renewable energy.
Carbon Dioxide Removal
Kairos Carbon turns waste into low cost carbon capture
In addition to emissions reductions, we need 10 Gt/year carbon dioxide removal (CDR) to stay within 1.5°C global heating. Kairos Carbon are turning sludgy waste into clean water, valuable minerals and CO2 to be durably stored as carbon removal at low energy requirements and cost. Given available volumes of carbon-based waste, Kairos Carbon will reach 0.9 Gt/year CO2 capture by 2050.
Industry
Cambridge Electric Cement recycles cement and decarbonises secondary steel
Cambridge Electric Cement are targeting the 8% of global emissions caused by virgin cement production by recycling used cement in electric arc furnaces during the steel recycling process. The output from the EAF is recharged cement in place of of slag, and the recycled steel. In this way, CEC can virtually decarbonise cement using existing infrastructure.
Renewable Energy
Aed Energy's thermal battery enables renewable microgrids
Aed Energy couple novel thermal battery materials with smart photovoltaics to enable very low cost modular long duration electricity storage. Their target is to help the millions of current and future microgrids to move from diesel generators to intermittent renewable power while keeping the lights on.
Chemicals
Twig makes ingredients using microbiology
Twig makes ingredients found in everyday products using microbial fermentation instead of intensive agriculture or petrochemicals. By replacing palm oil and other ingredients, 1.2 Gt CO2e could be saved per year by 2050. Twig uses bioengineering and AI to rapidly achieve high yields, enabling cost competitive bio-ingredients.
Industry & Transportation
Ammonia production today is responsible for 2% of global GHG emissions, and this is forecast to grow as it is a leading contender to decarbonise the shipping industry. By synthesising ammonia directly from water and nitrogen, NitroFix’s electrochemical cells can make ammonia without carbon emissions at the lowest cost.
Cultured Meat
Multus Media feed your low-carbon food
Cultured meat is an affordable, low carbon alternative to the growing demand for meat in a developing world. Multus Media's smart growth media makes it better, cheaper and greener.
Renewable Energy
Stealth company building low cost, renewable base-load power
Renewable and low cost sources of base-load power are critical to enable a fully renewable grid and to reduce the need for overbuild of intermittent renewable energy sources such as wind and solar. This stealth company is working on a novel power generation system, which can replace Combined Cycle Gas Turbines, thereby reducing global emissions by >0.5 Gt/year by 2050.
Industry
Exergy3's high temperature thermal storage system electrifies industrial heat
Scoltland-based Exergy3 have built an innovative high-temperature, modular thermal storage system based on years of research at Edinburgh University. The system enables industrial facilities to move from gas to electricity for their heat delivery needs. They are building their first pilot with the Annandale Distillery in Scotland.
Food & Agriculture
Stealth investment producing animal-free proteins
Chemicals
level nine's nanozymes enable biochemicals
level nine creates nanozymes that have advanced performance over enzymes or metal catalysts for processing biological feedstocks, such as lignin, into low emissions alternatives to petrochemicals. GHG emissions from extraction and processing of petrochemicals is 3.3 Gt CO2e/year.
Industry
Actuation Lab eliminate hydrogen losses
Switching parts of the economy to hydrogen has the potential to save 2.7 Gt CO2e/year by 2050. To do this we need to transport and store hydrogen without leaks, as H2 is a potent indirect greenhouse gas. Actuation Lab's redesigned valves eliminate fugitive stem leaks.
Food & Agriculture
ClimateCrop enhance photosynthesis in crops
Land use change associated with growing crops accounts for over 2 gigatonnes of emissions per year. ClimateCrop edit the genes of crops to enable them to better use the energy from the sun and improve both yields and resilience dramatically.
Aviation
Phycobloom's algae make jet fuel from air
Long distance flight is critical to the modern world. Fuel energy density requirements make electrification of such flights almost impossible. Phycobloom’s modified algae make affordable, carbon neutral jet fuel from the air.
Plastic Waste
Epoch BioDesign reinvent industrial
processes
Industrial processes like recycling are inefficient and emit gigatonnes of CO2e per year. Epoch BioDesign discover and harness enzymes to achieve the same results with dramatically lower emissions.
Our angel portfolio
Before starting our first fund, we made a number of angel investments that we continue to be very excited about.
Lilac Solutions
Lilac has developed a new ion exchange technology for lithium extraction which cuts capital and operating costs, accelerates project startup, boosts lithium recovery, and unlocks new resources.
Microbyre
Microbyre can rapidly domesticate novel bacteria strains, genetically modifying them to perform useful tasks more efficiently like creating biodegradable plastic feedstocks from organic waste or making fertiliser from nitrogen in the air.
e-Zinc
e-Zinc's zinc-based reactor technology system has the potential to provide long-duration, low-cost grid-scale energy storage. Electricity is turned into physically free zinc material.
Sepion
Sepion develop a nanosieving membrane platform that drops in with existing manufacturing processes and exhibits broad utility in energy storage, water treatment, and chemical separations.
CleanFiber
CleanFiber make cellulose insulation enabled by materials science breakthroughs, using recycled cardboard boxes as a feedstock. Better insulating properties and superior fire retardancy than regular cellulose or fibreglass insulation.
Rebound
Rebound's tech supercharges industrial freezers. A proprietary freeze point suppression cycle designed around a natural refrigerant uses 35% less electricity than legacy, ammonia-based systems and 55% less than thermal or chemical batteries.
Gradient
Gradient make a room air conditioner and heat pump that is twice as efficient and more accessible, that uses refrigerants with massively lower global warming potential.
C-Motive
C-Motive makes the first commercially viable electrostatic motor, using unique dielectric fluid to improve performance.
SkyCool
SkyCool's innovation is a radiative cooling material combined with a panel system to improve the efficiency of any vapor-compression based cooling systems.