Corporate investors are disproportionately involved in the biggest funding rounds by energy sector startups.

Steve Smith, the new head of National Grid Partners, has shifted focus to technologies that directly impact the operation of the power grid.

There will not be enough rare earth metals to make the magnets industry needs in the next decade so the race is on to find alternatives.

Masatoshi Nishi, who has been with the Japanese oil and gas producer for more than a decade, will oversee CVC activities for the firm.

The fund is raising an initial £150m to finance deep tech startups from eight universities in the UK Midlands.

Solar energy and grid storage saw some of the biggest funding rounds as falling prices put these clean energy options into the mainstream.

The UK utility’s CVC unit will be led by Stephen Smith, who is joined by GCV Powerlist member Pradeep Tagare, among others.

The VC firm co-founded by Chinese EV maker Nio will continue to invest in automotive and energy technology companies locally through its new fund.

BP has significantly increased its capital allocation to its venture unit. Some 90% will go to energy transition, says head of unit Gareth Burns.

The VC fund backed by E.ON has reached a $120m first close and promoted Patrick Elftmann to US managing partner.