Growth equity series

CI invests in decarbonization solutions for heavy-emitting sectors, targeting companies with proven technology and strong growth potential.

Growth strategy

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Growth strategy

We invest in technologies that drive efficiency in infrastructure and industrial operations (cost, reliability, capacity, safety) and which deliver green house gas emissions reductions. Our focus is on industrial sectors where emissions are hardest to abate – energy, industry, transport, and buildings. These sectors are undergoing a historic transformation, and we identify companies at a critical inflection point: post-revenue, ready to scale, but underserved by traditional sources of capital.

By deploying growth equity and leveraging deep industry expertise, we accelerate commercialization, expand market access, and drive impact. Our investments deliver strong financial returns while unlocking quantifiable, decarbonization at scale.

We bring a distinct combination of capital, industry expertise, and market access to accelerate growth and impact.

  • Strong Industry Network – We partner with leading industrial companies to identify the most pressing decarbonization challenges and deploy the right solutions at scale.
  • Strategic Investment Approach – We invest in commercially-proven technologies with clear value propositions and pathways to market adoption and profitability.
  • Proven Track Record – Our team manages over $1.4 billion of capital, has made over 40 of decarbonization investments, supports 10+ growth-stage companies and has enabled 200+ industry pilots and commercial contracts.
  • Scalability & Impact – Our investments drive both financial returns and significant carbon reduction, with a growth target of 200MT COe impact by 2033.
  • Hands-on Growth Acceleration – We work closely with our portfolio companies, leveraging our LP network to support market entry, commercialization, and adoption.

Value acceleration

We help portfolio companies commercialize and scale by providing market access, strategic partnerships, and hands-on support. Through industry engagement, we enable adoption, revenue growth, and long-term success.

  • Value Expansion

    We help portfolio companies expand reach by identifying opportunities for sector-to-sector technology reapplications and de-risking market entry. To scale solutions, we leverage case studies and collaborative, multi-party initiatives to drive early, at-scale adoption, accelerating commercialization and maximizing market reach.

  • Growth Acceleration

    We drive growth by leveraging strategic relationships to accelerate market expansion, technology adoption, and revenue growth. To accelerate time to exits, we provide market insights, foster collaboration, and cultivate proactive relationships, ensuring portfolio companies receive the strategic support needed to optimize exit pathways and maximize value creation.

Sponsored by the OGCI members1

 

Expanded investor base

1100% of LPs in our venture strategy (Catalyst Fund I) invested in growth equity series

Beyond returns

We go beyond financial outcomes, offering investors deep insights, strategic engagement, and collaboration opportunities to accelerate the adoption of decarbonization technologies. Through exclusive research, facilitated partnerships, and curated networks, we empower investors to navigate the evolving landscape, unlock commercial opportunities, and drive real-world impact. By partnering with our investors in this way, however, we gain access and insight that allows for strong financial performance.

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We provide investors with proprietary market intelligence and sector analysis tailored to their decarbonization priorities. Through the Decarbonization Insights Board (DIB), investors engage in discussions on key sectors, emerging technologies, policies, and market trends – driven by investor priorities and led by CI research. Our Insights Webinars present CI-generated analysis, allowing investors to explore and refine investment hypotheses with industry experts.

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We actively support investors in deploying and scaling decarbonization technologies by facilitating direct engagement with portfolio companies and industry peers. The Commercial Access & Opportunities Committee (CAOC) enables business development, partnerships, and investor-led deployment of CI-invested technologies, with support from CI’s Commercialization team. Through Partnerships & Co-Creation, investors collaborate with portfolio companies on technology transfer, distribution, and joint development, accelerating commercial adoption and market impact.

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We create opportunities for investors to collaborate on technology development, market expansion, and industry-wide decarbonization initiatives. The Annual Investor Meeting (AIM) brings together leading decarbonization investors, operators, and CI portfolio companies for interactive workshops and breakout sessions, fostering meaningful dialogue and strategic partnerships. Through the Insights Portal, investors gain access to exclusive research, market analyses, and monthly reports on pipeline opportunities and portfolio fundraising, ensuring they stay informed and connected to emerging opportunities.

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Growth equity portfolio

Company
Description
Key Data
JessCo JessCo

JessCo Solutions provides emission control equipment and services for the Oil and Gas industry, focusing on vapor recovery units and flares. Its maintenance services ensure compliance and optimize performance, making them a trusted partner.

Growth Equity - North America

Year Founded:

2016

CI invested:

2025

Leadership:

David James, Co-founder and CEO

Company
Description
Key Data
XOCEAN_20Logo_20Black20with20tagline XOCEAN_20Logo_20Black20with20tagline

XOCEAN uses Uncrewed Surface Vessels (USVs) to provide eco-friendly, cost-effective ocean data for seabed mapping and environmental monitoring.

Growth Equity - Europe

Year Founded:

2017

CI invested:

2024

Leadership:

James Ives, Founder and CEO

Location:

Dublin, Ireland

Company
Description
Key Data
Zeitview-logo Zeitview-logo

Zeitview offers automated inspection software for renewable energy and infrastructure, using AI to provide insights that lower maintenance costs and improve asset performance.

Growth Equity - North America

Year Founded:

2023

CI invested:

2025

Leadership:

Dan Burton, Founder and CEO

Location:

Santa Monica, CA

Dedicated team

Armen Abazajian is a Technology Principal within the Investment team, where he is responsible for technical evaluation of venture capital stage investment opportunities and for technical support of portfolio companies. Armen joined Climate Investment in 2019 and is a Board member at CI portfolio company, F2V. Prior to joining Climate Investment and over his 34-year career, Armen held various positions as Group Manager at Advisian, Chief Process Engineer at Worley, Vice President of Technology Development for a technology startup, Managing Director at three other startups, Senior Engineer at Syntroleum, R&D Manager at Albemarle and Manager – Technical Support of Operations at Ethyl. Armen has filed for 22 patents, granted 12, and authored 14 articles. Armen holds a B.S. degree in Chemical Engineering from the University of Houston. Armen is based in Houston.

Brian Redick is an Senior Associate in Climate Investment’s Commercialization group, part of the Investment Team, where he partners with portfolio companies to accelerate the adoption of new technologies and drive accelerated growth. Prior to joining Climate Investment in 2021, Brian was a field-based petroleum engineer responsible for multiple US onshore assets at Grizzly Energy. Brian holds an MS in Petroleum Engineering (Texas A&M) and a BS in Chemical and Biomolecular Engineering (Johns Hopkins University). Brian is based in Houston.

Daniel Palmer is a Managing Director in Climate Investment’s Commercialization group, where he focuses on the firm’s Energy portfolio companies. His role is to accelerate adoption of new technologies and drive accelerated growth through market deployment. Daniel joined Climate Investment in 2019 and is a Board member of Qnergy, and board observer at Andium, Kairos Aerospace and SensorUp. He is a member of the Society of Petroleum Engineers (SPE), holds a master’s degree in engineering from the University of Cambridge and has over 30 years of experience in the energy industry working in oil and gas, and renewables. Daniel is based in California.

Hugo Mkhize is an Associate in the Investment Team, where he focuses on venture capital and growth equity climate technology investment opportunities. He joined Climate Investment in 2024 as a Summer Intern before joining full-time in 2025. Previously, he worked at Morgan Stanley across Johannesburg and London, focusing on M&A and capital markets transactions in renewable energy and environmental services. Hugo holds an MBA from Cambridge Judge Business School, where he graduated with Distinction, a Master of Advanced Studies in Climate Science & Policy from UC San Diego’s Scripps Institution of Oceanography, and a Bachelor of Business Science in Finance from the University of Cape Town. Hugo is based in London.

Joey Bernica is a Director in the Investment Team where he focuses on growth equity stage investments in business that reduce, recycle and store greenhouse gas emissions from large industrial facilities and high-emitting sectors. Joey joined Climate Investment in 2021 and is a Board member at Elk Hills Carbon, Flare2Value and Trace Midstream. Prior to Climate Investment, Joey spent over 10 years in the upstream oil & gas sector in commercial and asset management roles, Joey was Vice President of Business Development at TRP Energy where he was responsible for acquisitions and asset management. Prior to that, Joey worked on the Global Business Development team at Murphy Oil and the Applied Reservoir Engineering team at ConocoPhillips. Joey holds a B.S. in Petroleum Engineering from the University of Texas at Austin, an M.B.A. from Rice University, and is a registered Professional Engineer in the State of Texas. Joey is based in Houston.

As Chief Investment Officer for Climate Investment, Josh Haacker is responsible for providing leadership and direction to the overall CI investment function including the firm’s venture capital and growth equity investment programs, and acting as chair for the firm’s investment committee. Josh joined Climate Investment in 2021 and is a Board member at CI portfolio company, GHGSat. Josh’s investment experience in the climate sector spans technology, growth and real asset platforms, as Managing Director with private equity firm US Renewables Group, CIO of a water sector-focused family office, and Managing Partner of his own firm, Muldrow Partners. Earlier career assignments included project development, financing, and operations roles with AES Corporation, Rocky Mountain Institute and Procter & Gamble. Josh holds an MBA from Harvard Business School and a BS in Chemical Engineering from Rensselaer Polytechnic Institute. Josh is based in Los Angeles.

Juan Higuera is a Principal in the Investment Team where he focuses on growth-stage equity investments in platforms and companies that reduce, recycle and store greenhouse gas emissions from high-emitting sectors. Juan joined Climate Investment in 2021, bringing with him over 15 years of experience in energy, infrastructure and finance. He is a Board member of CI portfolio company, KeyState. Prior to joining Climate Investment, Juan was a Vice President at Macquarie Group where he focused on principal investments in North America and LatAm in the energy and infrastructure space. Previously, he was a Vice President of investment banking at J.P. Morgan covering clients in the energy industry in North America, Europe and the Middle East advising on M&A and capital markets transactions. Juan started his career at Power Costs, Inc. providing consulting services to clients in the power sector. Juan holds an MBA from The University of Texas at Austin, an MS in Industrial Engineering from The University of Oklahoma, and a BS in Industrial Engineering from Universidad Industrial de Santander. Juan is based in Houston, TX.

Karen Li is an Associate in the Investment Team where she is closely involved in the planning and execution of the firm’s growth equity strategy. She joined Climate Investment in 2022 and was previously an Investment Banking Analyst at Bank of America. She holds a B.S. in Business Administration from the University of Southern California. Karen’s expertise and commitment to addressing climate challenges make her a valuable addition to the team at Climate Investment. Karen is based in Los Angeles.

Kimberly Mar is a Senior Associate in the Investment Team where she focuses on venture capital stage structured capital and investments in real asset platforms and business models that reduce, recycle and store greenhouse gas emissions from large industrial facilities and high-emitting sectors. Prior to joining CI, Kimberly worked at a single-family office in Houston, TX focused on direct private investments in energy, data and technology, and industrial infrastructure projects. She also has experience in corporate finance for a private upstream oil & gas company, financial consulting, and commodities trading. Kimberly holds an B.B.A. in Business Honors and Finance with a minor in Accounting and Management Information Systems from The University of Texas at Austin and is a CFA Charterholder. Kimberly is based in Houston.

Marc van den Berg is Global Managing Director in the Investment Team where he leads the firm’s venture capital investment program. Marc joined Climate Investment in 2022 and is a Board member for CI portfolio companies, 75F, Achates, Andium, Qnovo, Svante and a Board Director at Aeroseal. Over his extensive venture capital investing career, Marc has held investment roles at 40 North Ventures, DBL Partners and VantagePoint Venture Partners through the past two decades. In those roles, Marc focused on energy, energy efficiency and industrial investing in support of sustainability initiatives. Prior to his venture capital career Marc spent 25 years in both venture-backed startups and multi-national public companies in Silicon Valley and abroad. Marc is based in San Francisco.

Matthew Harwood is a MD at Climate Investment where he is responsible for LP Engagement, Impact reporting and Communications. Matthew joined Climate Investment in 2021 and is a Board member of CI portfolio companies, ICA-Finance, F2V and Econic Technologies. Matthew brings extensive experience of both Energy and Climate through his 30 years working in Strategy, Sustainability and Operational roles. Before joining Climate Investment, Matthew was SVP of Corporate Development at McDermott and led the development of the Energy Transition strategy and delivered the divestment of Lummus Technology as part of the company’s restructuring. As Chief Strategy Officer of Johnson Matthey, Matthew led the development of Hydrogen and Battery strategies for the company. Prior to those roles, Matthew was responsible launching businesses in Offshore Wind and Carbon Capture at Petrofac. Matthew also spent time in strategy and M&A roles in Iberdrola with a strong focus on renewables and the energy supply business. Matthew has a PhD and Post Doctorate in Atmospheric Science and is a Chartered Engineer. Matthew is based in London.

Myfanwy is a Director in Climate Investment’s Commercialization group, where she focuses on the firm’s building, construction, transport and industrial portfolio companies. Her role is to accelerate adoption of new technologies and drive accelerated growth through market deployment. Myfanwy joined Climate Investment in 2024. She is an economist with over 28 years of experience in a variety of commercial aspects of the energy transition. She has worked within the energy industry in M&A and new business development. She has also worked in management and financial advisory. Her experience includes: natural gas, renewables, flexible power generation, power-to-X, electric vehicles and sustainable buildings. Myfanwy is based in London, UK.

Patrick Yip is a Managing Director in the Investment Team where he leads the firm’s Growth Equity Investment program and is responsible for all aspects of developing CI’s growth-stage portfolio, including leading deal origination, portfolio construction and overseeing the strategy’s operational functions. Patrick is a member of CI’s Leadership Team, CI’s Growth Equity Investment Committee and manages a team of investment and technology professionals. He joined Climate Investment in 2024 from GEC, where he was a Managing Director and helped lead its growth-stage decarbonization and energy transition technology investments. Prior to that, Patrick’s two decades of experience have included roles at Halliburton, Cerberus, Goldman Sachs and Bank of America. He has also held a number of private company Board positions within the energy transition sector. Patrick earned his Bachelor of Economics from Washington University and MBA at NYU Stern School of Business. He is based in Houston.

Dr. Pratima Rangarajan is the CEO of Climate Investment where she leads our team in driving impact and returns through our investments in under-served GHG-intensive sectors within energy, industry, built environments and transportation. Dr. Rangarajan is responsible for the firm’s engagement with policymakers, OGCI member companies, senior stakeholders, investors, customers and operators across the wider energy and industry ecosystems, and for driving collaboration opportunities to scale and accelerate emissions reduction.

Before joining Climate Investment in 2017, Dr. Rangarajan was the General Manager for GE’s Onshore Wind product line and the General Manager for GE’s Energy Storage start up. She had previously held the role of Deputy Chief Technology Officer and Senior Vice President, Emerging Technology and Research at Vestas Wind Systems. Pratima has a PhD in chemical engineering from Princeton University and a BS in Chemical engineering from Massachusetts Institute of Technology. Dr. Rangarajan is a Fellow of the Royal Academy of Engineering in London, where she is based.

Thiri Thant Mon is Director of Investor Relations at Climate Investment, where she is responsible for fundraising efforts for our investment strategies. She joins after over two decades in investment banking and private equity, starting with Morgan Stanley, where she led debt capital raising deals and was Head of ESG for Fixed Income. As Head of Corporate Development at Yoma Strategic Holdings, she led the establishment of new ventures across diverse sectors, including infrastructure. She was also Managing Partner of her own advisory firm, Pegu Partners where she established and ran a captive private equity fund for a major strategic investor and was Country Representative for British International Investment. Thiri has served in a number of corporate and non-profit boards and was CEO at a national-level corporate finance institution. She holds a BA in Economics from William & Mary and an MBA from the London Business School.

Will Shimer is a Principal in the Investment Team where he focuses on venture capital stage structured capital and investments in real asset platforms and business models that reduce, recycle and store greenhouse gas emissions from large industrial facilities and high-emitting sectors. Will joined Climate Investment in 2021, and is a Board observer for CI portfolio company, ICA-Finance. Will is based in Chicago.