20 Years of Energy Transition Investing

Big names and new investors entered the sustainable energy field recently, but few can match TEP’s 20 years of sector experience.

TEP PORTFOLIO

2021 | Houston, TX | Transitional Energy | Active

Details

NextDecade is a clean energy company accelerating the path to a net-zero future. Leading innovation in greener LNG and carbon capture solutions, NextDecade is committed to providing the world access to cleaner energy. Through it’s wholly-owned subsidiaries Rio Grande LNG and NEXT Carbon Solutions, NextDecade is developing a 27 mtpa LNG export facility in South Texas along with one of the largest carbon capture and storage projects in North America. It is also working with third-party customers around the world to deploy it’s proprietary processes to lower the cost of carbon capture and storage and reduce CO2 emissions at their industrial-scale facilities.

Transition Equity Partners participated in NextDecade’s Series C offering.

next-decade.com

2022 | Santa Clara, CA | Energy & Digital Technology | Active

Details

Natron Energy has developed a revolutionary sodium-ion battery that offers significant performance and cost advantages over existing battery technologies in their target end markets. Natron’s Prussian Blue sodium-ion battery chemistry has been used by some of the largest data center developers, operators and owners. Their high power batteries are also well suited for EV fast charging, industrial power (forklifts), telecom, oil & gas rigs and certain grid energy storage applications. Natron’s Clarios Meadowbrook manufacturing facility will be the largest sodium-ion manufacturing plant in the world when it begins mass production in 2023. Natron has support from the US DOE’s ARPA-E agency through the SCALEUP program to scale-up manufacturing at Clarios Meadowbrook.

Transition Equity Partners first invested in Natron Energy in 2022.

natron.energy

PREVIOUSLY MANAGED
Details

Calpine Corporation is America’s largest generator of electricity from natural gas and geothermal resources with operations in major competitive wholesale and retail power markets across the U.S. Through wholesale power operations and it’s retail businesses, Calpine’s diverse team of approximately 2,300 employees serves customers across 22 states, Canada and Mexico. Calpine operates a fleet of 76 power plants representing nearly 26,000 MW of generation capacity. Environmental stewardship is fundamental to Calpine’s philosophy and culture; in addition to operating the largest geothermal facility in the world and the youngest, most efficient fleets of gas-fired power plants, Calpine has been a long-time advocate of the Clean Power Plan, Paris Agreement, carbon pricing, and decarbonization.

calpine.com

Details

NextDecade is a clean energy company accelerating the path to a net-zero future. Leading innovation in greener LNG and carbon capture solutions, NextDecade is committed to providing the world access to cleaner energy. Through it’s wholly-owned subsidiaries Rio Grande LNG and NEXT Carbon Solutions, NextDecade is developing a 27 mtpa LNG export facility in South Texas along with one of the largest carbon capture and storage projects in North America. It is also working with third-party customers around the world to deploy it’s proprietary processes to lower the cost of carbon capture and storage and reduce CO2 emissions at their industrial-scale facilities.

BlackRock participated in NextDecade’s Series B offering.

next-decade.com

Details

Bedrock Energy Partners is a privately funded E&P company focused on the acquisition and optimization of mature upstream oil and gas assets. It’s primary focus is the Barnett Shale and other mature basins. Bedrock aims to take a disciplined approach in every facet of it’s operations, refining and using all sources of data to drive decisions. Bedrock is committed to maximizing value for every well, leveraging technology to efficiently manage and increase production.

bedrockep.com

Details

First Wind was a leading developer of wind and solar assets in the United States, primarily targeting markets short renewable power, and with a focus on superior economics rather than quantity. It built 17, and developed another 18 assets over the course of MDP’s ownership, and was a pioneer in renewable power development. First Wind grew to be the United States’ second-largest independent wind developer over the same period. First Wind was acquired by SunEdison and TerraForm Power in 2014.

Details

US Power Generating Company (“USPowerGen”) owned and operated fifty-three generating units at three facilities with a total summer capacity of over 2,180 Megawatts (MW). USPowerGen subsidiaries sold energy and capacity into the NYISO deregulated market. The company represented generation sufficient to serve approximately 20% of the overall load in New York. The company was sold in 2010 to financial buyers.

Details

Magellan Midstream Partners, L.P. (NYSE: MMP) is a publicly traded partnership that primarily transports, stores, and distributes refined petroleum products and crude oil. The partnership owns the longest refined petroleum products pipeline system in the country, with access to nearly 50% of the nation’s refining capacity, and can store more than 100 million barrels of petroleum products such as gasoline, diesel fuel, and crude oil.

magellanlp.com