Energy

This feature is part of a 12-month overview highlighting the best practices in the industry, which will form a supplement at the Global Corporate Venturing Symposium and Banquet on May 18 - see related content.

"Everything is possible, but nothing is easy."

There is an opportunity to source-adapt-integrate-adopt a new breed of advanced technologies into new platforms and leapfrog entire legacy generations of capabilities.

To report a deal in Global Corporate Venturing, contact James Mawson at jmawson@globalcorporateventuring.com

In return for selling some equity, SCI has struck a global strategic alliance with semiconductor company Intel and raised more than $19m from General Electric (GE) and venture capital firm Triangle Peak Partners.

Goldman Sachs, Citigroup and Deutsche Bank are serving as co-lead underwriters for US-based solar power tower developer BrightSource Energy's flotation, although their peer Morgan Stanley, which owns 10.5% of its portfolio company.

Venture capital firms select the corporate venturing unit they most respect and like to work with.

In June, Tigo Energy raised $10m from two strategic investors and three independent venture capital firms and has now raised the same again from Generation Investment Management's Climate Solutions Fund.

Energy Technology Ventures, a General Electric-NRG Energy-ConocoPhillips joint venture, and Aster Capital, backed by European industrial groups Alstom, Schneider Electric and Rhodia, are two funds backing Ioxus, a US-based battery maker.

TGS will pay $45m initially and up to $35m in performance fees for Stingray Geophysical.

US-based natural gas production start-up Nuevo Midstream has raised $65m from EnCap Energy Infrastructure Fund, Torch Energy Advisors and Petroleum Fuels Company.