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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
SCADA International
Denmark-based SCADA International, is the leading provider of mission-critical software and control systems for the renewable energy sector. Through its solutions, SCADA International is enabling the shift to a decentralised, decarbonised and digitised energy system.
Supervisory Control and Data Acquisition (SCADA) systems sit at the heart of the operational functionality of every renewable energy power plant, and the advanced solutions provided by SCADA International are ‘mission-critical’ in the operation of thousands of wind, hydro and solar PV plants around the world. The Company’s OneViewTM software solution is deployed on over 16GW of renewable energy assets and trusted by over 150 customers including some of the largest and most sophisticated OEMs, asset owners and operators globally.
Funds advised by Magnesium signed an agreement to acquire a majority of SCADA Holdings A/S, the parent company of SCADA International in April 2022.
Closing of the transaction is pending customary regulatory approvals.
Embriq
Oslo-based Embriq helps its customers digitise their physical infrastructure and offers advanced management and analytical capabilities to the Nordic electricity system through its software and managed service offerings.
The deployment of millions of smart meters in residential and commercial premises is transforming the way electricity consumption is monitored and reported, providing utilities with new and novel ways to analyse, control and balance the electricity grid. Embriq’s software suite Quant provides utilities across the Nordic region with powerful tools to organise, direct and analyse smart meter data which, when taken with Embriq’s mission-critical IT services, provides a robust and leading-edge solution for utilities to actively manage their networks.
Processing data from millions of end-points and serving more than 200 customers across Scandinavia that include utilities, power generators, TSOs, and other industrials, Embriq is a leader in industrial IoT applications across a number of data-intensive verticals.
Funds advised by Magnesium Capital acquired Embriq in September 2020.