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Enabling Technologies for the Energy Transition
We invest in technology businesses and tech-led service companies that are enabling the Energy Transition in these areas
We seek to invest in growing businesses with these attributes
High calibre management team who value an experienced and engaged investor
Differentiated position in the energy & infrastructure technology space
Proven technology or tech-led service with strong growth prospects, clear value proposition and strong unit economics
European-centric with ability to invest in North American companies with a strong European nexus
Cyberhawk
The world leader in delivering drone inspections and asset visualisation software for critical energy infrastructure.
Edinburgh-based Cyberhawk delivers high precision inspections of energy assets globally using unmanned aerial vehicles (UAVs). With international bases in Abu-Dhabi, Kuala Lumpur and Houston, Cyberhawk has flown more than 30,000 commercial missions in more than 30 countries around the world.
Through iHawk, its proprietary AI-enabled visual asset management software platform, Cyberhawk assists energy companies to digitally manage their assets enabling a number of solutions ranging from condition monitoring and 3D visualisation to monitoring site construction progress.
Funds advised by Magnesium Capital acquired Cyberhawk in March 2019.
Stem, Inc.
The global leader in artificial intelligence (AI)-powered energy storage.
California-based Stem delivers innovative technology services that transform the way energy is distributed and consumed. Through its AI platform Athena , Stem powers the largest, most reliable network of energy storage systems in the world. Together, Stem’s systems form virtual power plants that earn revenue for customers while supporting a more reliable and sustainable grid. It optimises the timing of energy use and facilitates consumers’ participation in energy markets, yielding economic and societal benefits while decarbonising the grid.
Stem was announced as a Bloomberg New Energy Finance (BNEF) New Energy Pioneer 2015 winner and has subsequently gone on to win multiple additional awards.
Magnesium Capital invested in Stem in 2018 alongside other leading investors including Activate Capital, Ontario Teachers’ Pension Plan and Temasek and is helping the company enter European energy markets.