Energy

Bown's move follows BP's decision in July to close its venture unit.

The new fund will target early-stage startups applying climate technology and AI to energy infrastructure, real estate and natural resources.

The venture arm of Thai energy company PTTEP is evolving its investment strategy to focus more on what happens after the initial funding round for a startup.

Having spent its first six years building a portfolio, Siemens Energy Ventures' next phase is about creating a "commercialisation engine" to bring these startups to scale.

Five exits in the $1bn plus category helped push up the total dollar value of exits in an otherwise quiet month.

While AI technologies continued to get the largest share of funding dollars, the month saw a higher than usual amount of dollars flowing into industrial, energy and consumer tech.

She was previously chief executive at Eni Next, the CVC arm of Eni which invests in high-potential innovative startups.

Japan's largest power producer has overhauled its venture strategy to move faster, invest earlier and turn startup technologies into operating assets. For Takeshi Kodama, CVC is no longer about watching innovation unfold — it is about helping direct it.

After a buoyant first quarter, the dollar value of startup funding rounds backed by oil and gas companies fell significantly, with investment focus shifting away from cleantech to core energy operations.

The company plans to sell minority stakes in over 10 portfolio companies to Verdane as the UK-listed oil major continues its strategic refocus on its core oil and gas business.

As president of Asia Pacific at Phoenix Tailings, George Kellerman will focus on the company’s strategic growth, customer partnerships and government engagement.