David Clouse, a GCV Emerging Leader this year while at BP Ventures, will lead EIC Rose Rock, a $50m fund backed by Devon Energy, Onoek and Williams.
David Clouse (pictured) has left BP Ventures, the early-stage investment arm of oil and gas supplier BP, to head up venture capital firm Energy Innovation Capital (EIC)’s recently launched EIC Rose Rock fund as managing director.
EIC Rose Rock was formed by EIC and petroleum producers Devon Energy, Onoek and Williams together with economic development organisation Tulsa Innovation Labs.
The vehicle is based in the state of Oklahoma and will invest in local energy technology developers out of a fund with a $50m target. It has so far closed $30m in capital and is seeking additional capital from local and national backers.
Greg Lusardi, Oneok’s senior vice-president of corporate development, said: “Our expansive energy infrastructure and midstream operating expertise position us well to play a vital role in a sustainable and transforming energy future.
“Working with our fellow…
