Energy

Chad Bown, Houston-based managing director, is leaving the CVC team as it shifts strategy to mirror new priorities at the oil and gas company.

The company's new incubator plans to spin out companies based on academic research as well as its own technologies developed in-house.

The incubator's first company, Rho-C, is based on technology developed in the company's submarine business.

Trafigura's head of energy transition research and venture investment, Margaux Moore, has announced she is leaving the commodities trader.

Mascha Bonk has returned to corporate venturing after a stint at a startup.

The move comes after two years looking at AI technology as a consultant.

Arindam Bhattacharya spent more than 30 years at the oilfield services company.

As the AI race dramatically expands energy demand, there has been a palpable shift away from net zero and towards speed and abundance of supply.

Jennifer Moreland worked in financial roles at the UK oil and gas company before joining the VC arm.

CVC teams increasingly navigate a minefield of overvalued AI startups as they seek to invest in the transformative technology.

The newly independent CVC will focus on AI, machine learning and other deep tech.