National Grid, Southern Company and Xcel Energy have committed capital to a fund launched by Energy Impact Partners that will invest in sustainable and efficient energy technology.
US-based investment firm Energy Impact Partners (EIP) launched a corporate-backed venture capital fund on Wednesday that will invest in companies developing sustainable energy generation and energy efficiency technology.
The fund has secured commitments from limited partners including energy utilities Xcel Energy and Southern Company, and electricity and gas distributor National Grid, which although headquartered in the UK has almost 7 million US customers.
EIP has offices in New York and San Francisco, and is led by a team that previously…
