- Press Release
Five Portfolio Companies of Japan Energy Fund Selected for the 2024 Global Cleantech 100
ENECHANGE Ltd. (Head Office: Chuo-ku, Tokyo; Representative Director & CEO: Yohei Kiguchi, PhD) is pleased to announce that five companies from the portfolio of the Japan Energy Fund, an overseas-specific decarbonized tech fund managed and invested in by ENECHANGE, have been selected for the Global Cleantech 100 in 2024.
The selected companies from the Japan Energy Fund portfolio include Eavor, Energy Dome, Akselos, Piclo, and Svante. In addition, 9 companies from this year’s version of this prestigious list were also participants in ENECHANGE’s venture acceleration program, ENECHANGE Insight Ventures.
Now in its 15th year, the annual Global Cleantech list serves as a well-recognized industry guide, showcasing 100 leading companies that are making substantial contributions to achieving a net-zero future. The list is meticulously curated by a panel of 80 industry experts, including investors and executives from multinational corporations.
Richard Youngman, CEO of Cleantech Group, expressed, “These innovative companies are driving positive change and stand at the forefront of enabling the global transition to a more sustainable future. The Global Cleantech 100 is a recognition of the market’s positive outlook on their progress to date and their potential impact in building a cleaner, decarbonized world.”
ENECHANGE extends its congratulations to Eavor, Energy Dome, Akselos, Piclo, and Svante as well as all the EIV companies for this remarkable achievement.
Through both ENECHANGE Insight Ventures and direct investing activities through Japan Energy Fund, ENECHANGE seeks to further promote and accelerate the transition to a decarbonised society by providing a bridge between world-class climate-tech companies and the Japanese market.
For the full Cleantech 100 list, please visit: https://www.cleantech.com/the-global-cleantech-100/
|Japan Energy Fund Portfolio Listed Company
|Closed-loop, conduction-only geothermal energy solutions
|Long-duration electricity storage solutions using liquid CO2
|Predictive, physics-based digital twins for the management of large energy assets
|B2B flexibility auction marketplace that facilitates flexible contracts,
and an energy management platform for efficient and reliable energy grids
|Energy-efficient technology for capturing carbon dioxide from industrial sources
|ENECHANGE Insight Venture Alumni Listed Company
|On-board ammonia cracking system, enabling retrofits of maritime ships to hydrogen power
|Data-enabled, financed heating and cooling retrofit services for multifamily buildings
|Traceability software for materials in industrial supply chains,
including e-waste, battery materials and plastic
|Software platform to integrate electric vehicles into residential energy systems, leveraging predictive
forecasting to optimize renewable energy integration, reduce charging costs and grid demand
|Ultrasound technology and machine learning to provide insights into battery
manufacturing and improve performance and longevity of batteries
|Thermal battery technology that stores wind and solar power to support industrial decarbonization
|Modular chemical plants including clean ammonia for energy storage and fuel
|Development and deployment platform that tracks and automates utility-scale
|Solar modular energy storage solution
- About Eavor
Eavor (pronounced “Ever”) is a technology-based energy company led by a team dedicated to creating a clean, reliable, and affordable energy future on a global scale. Eavor’s solution (Eavor-Loop™) represents the world’s first truly scalable form of clean, dispatchable, baseload capable, and flexible heat and power. Eavor achieves this by mitigating or eliminating many of the issues that have traditionally hindered geothermal energy. Eavor instead circulates a benign working fluid that is completely isolated from the environment in a closed-loop, through a massive subsurface radiator. This radiator simply collects heat from the natural geothermal gradient of the Earth via conduction. Eavor has been supported by equity investments made by several leading global energy producers, investors, developers, and venture capital funds including Vickers Venture Partners, bp Ventures, Chubu Electric Power, BDC Capital, Chevron Technology Ventures, BHP Ventures, Helmerich & Payne, Precision Drilling, OMV and now the Canada Growth Fund (CGF) and Microsoft.
- About Energy Dome
Energy Dome is revolutionizing energy storage and enabling grid decarbonization by making solar and wind power dispatchable 24/7. The company invented and developed the CO2 Battery™, a long-duration energy storage system that makes long-duration energy storage viable globally today. The properties of carbon dioxide allow the system to store energy efficiently and cost-effectively, with a modular and site-independent footprint. CO2 Batteries™ use readily available, off-the-shelf components from reliable, existing supply chains, providing a pathway to store massive amounts of intermittent renewable energy and accelerate the energy transition.
- About Akselos
Akselos is the creator of the world’s most advanced engineering simulation technology. Founded in 2012 and with operations in Europe, the USA, and South East Asia, the company’s products are designed specifically to help protect critical energy infrastructure with real-time, condition-based monitoring for large critical assets. Using patented algorithms developed over 15 years of research at MIT and funded by the U.S. Department of Defense, Akselos’ structural digital twin solution is helping the energy sector optimize design, lower operating costs, and extend the life of ageing assets.
- About Piclo
Piclo’s mission is to decarbonise the grid. We develop software solutions that make our energy networks smarter, flexible, and more sustainable. Our flagship product, Piclo Flex, is the leading independent marketplace for energy flexibility services, enabling system operators (e.g. National Grid ESO and UK Power Networks) to source energy flexibility from flexible service providers (e.g., EVs) during times of high demand or low supply. As of 2022, Piclo has over 55,000 flexibility assets registered with flexibility contracts awarded totalling £57m+ with 16.6 GW of flex capacity registered and 1.1 GW of flexible capacity procured. Piclo currently supports business-as-usual flexibility procurement in six global markets. Aside from its leading position in the UK, Piclo has a growing presence in Europe and the USA.
- About Svante
Svante offers companies in emission-intensive industries a commercially viable way to capture large-scale CO2 emissions from existing infrastructure, either for safe storage or to be used for further industrial use in a closed loop. With the ability to capture CO2 from industrial sources and directly from the atmosphere in an environmentally sustainable way, Svante makes industrial-scale carbon capture and carbon removal a reality. Svante’s Board of Directors includes Nobel Laureate and former Secretary of Energy, Steven Chu.
- About ENECHANGE Insight Ventures
ENECHANGE Insight Ventures, formerly known as Japan Energy Challenge, is a program designed to assist innovative climate technology companies in expanding their business in the Japanese market. The program achieves this by connecting these companies with large Japanese corporates. The ultimate goal is to establish relationships that lead to collaborations, sales, investments, and other forms of support, facilitating the growth of the invited companies in Japan.
ENECHANGE is an energy technology company that promotes a net zero society through digital technology with the mission of Changing Energy For A Better World. We offer services based on data utilisation in the field of the 4Ds of Energy: Deregulation, Digitalization, Decarbonization, and Decentralization. Our company’s roots come from an energy data lab at the University of Cambridge, UK, a country where liberalisation is mature. ENECHANGE has a UK subsidiary, ENECHANGE Innovation Limited, as well as a global network and analytical technology for energy data.