The value of corporate-backed deals in the energy sector dropped in Q3 but the overall pace of deal making remains steady.

Octopus Energy Generation invested $127m in Be.EV while Centene Corporation and HopeLab took part in Hazel Health’s $51.1m series C1 round.

Battery recycler Ascend Elements and Geely spinoff Farizon each raised $300m while Saudi Aramco launched a $1.5bn Sustainability Fund.

Only a small portion of CVCs have lasted longer than two decades. Here are their secrets to staying the course.

There are five key factors that have helped the US oil and gas company's corporate investment unit keep going for 23 years.

AbbVie is acquiring Amgen-backed DJS Antibodies for $255m while Legend Holdings took part in a $56.6m series C round for VectorBuilder.

Corporate investors continue to be bullish about investing in the energy transition, even into 2022.

Oil and gas majors have seen a lot of turnover in senior CVC roles over the past year.

While the rest of the market pulled back investment, GCV data shows that the value of deals backed by energy companies continued to grow in 2022.  

Some 51 new corporate-backed energy funding initiatives were launched in 2021, up from 21 the year before. The trend has continued into 2022.