– National Grid Partners (NGP) announced $17 million in new project investments for climate tech and net zero innovation
– NGP’s project portfolio includes companies like Captura, Luminance, and Transcend that develop technologies for carbon capture, legal AI systems, and generative design platforms
– NGP has also invested in companies like AutoGrid, Copper Labs, and Modern Hydrogen that focus on enhancing energy systems and sustainability efforts.
National Grid Partners (NGP) recently announced $17 million in funding for three new projects focused on climate tech and net zero innovation. This brings NGP’s total investments since 2018 to 50 across various sectors including AI, EV charging systems, and clean hydrogen technology. NGP aims to disrupt the energy industry by investing in startups at the intersection of energy and emerging tech.
The three new projects include Captura, which focuses on direct ocean carbon capture, Luminance which develops legal AI systems for clean energy, and Transcend which offers generative design SaaS platform for critical infrastructure engineering. NGP has also invested in companies such as AutoGrid, Copper Labs, and Modern Hydrogen that are innovating in the energy sector.
NGP has become a major tech incubator, investing millions into innovations aimed at achieving net-zero targets. Steve Smith, president of NGP, emphasizes the importance of decarbonizing society at scale and speed. The company’s portfolio includes companies working on cybersecurity and insurance tools, in addition to those focused on enhancing energy systems.
NGP’s continued growth and investment in cleantech highlight their commitment to addressing the challenges of climate change. The company’s focus on innovation and disruption in the energy industry positions them as key players in advancing towards a more sustainable future.