Energize's 2025 in Review

Now that the dust has settled on 2025, we're taking a step back to reflect on a year that reshaped the climate, energy, and industrials landscape. Last year, policy changes, tariffs, and supply chain disruptions added new complexities to climate markets, while AI rewrote the playbook of digital deployment. Energy became front page news as demand growth and international dynamics created a moment of reckoning for power resilience and affordability. Legacy industries became hungrier for modern tools, and we saw within our own portfolio how the customer set for digital climate and energy solutions has grown across corporates, utilities, later-stage investors, and beyond.

Amid headwinds and tailwinds, one thing remains true: Energy and industry are transforming, and there has never been a greater opportunity for digital innovation to meet the moment.

2025 Highlights:

• We closed Energize Ventures Fund III at $430M* and began deploying capital into the next generation of companies building the digital backbone of a modern energy ecosystem.
• Three portfolio exits headlined the year: Nozomi Networks' acquisition by Mitsubishi Electric, Urbint's acquisition by Itron, and Beekeeper's acquisition by LumApps.
• Six new portfolio companies joined our Ventures portfolio, each tackling mission-critical challenges like battery storage optimization, interconnection queues, mapping, permitting, compliance, and more. Read about our investments here: Archive | Tyba | Nira Energy | Felt | GreenLite | GridStrong
• Three additional Energize portfolio companies, including DroneDeploy, raised strategic capital from a position of strength.
• Energize Endurance officially launched as Energize's private equity strategy, centered on control investments into mature, profitable businesses. We invested in Energy by 5 ("5"), a tech-enabled energy advisory firm, and hired Alan Glass as Partner and Co-Head of the Endurance strategy alongside Kevin Stevens.
• Our portfolio companies continued to receive recognition as industry leaders, earning awards from G2, Deloitte Technology Fast 500, Fortune Best Small Workplaces, Global Infosec Awards, Fast Company's World Most Innovative Companies, Inc. Female Founders 500, and more.
• Across the portfolio, companies made meaningful progress toward impact goals, enabling over 4+ million metric tons of net avoided emissions.**
• Over 800 investors, startups, and corporations gathered across Energize events throughout the year, making 2025 another standout year for community building in the climate, energy, and industrials sectors. Read highlights from Energize NEXT, our Chicago flagship event.
• Thirty thought leadership pieces were published across our blog and newsletter, including Deep Dive research reports spanning data center efficiency, energy trading, grid software, and more. In June, we announced our list of Electrify Everything Top 30 Software Innovators, which will return this summer for its fifth year. Energize was also featured in the news media more than 150 times, generating over 850 million impressions.
• The Energize EDGE team continued to engage deeply with our portfolio companies, initiating or completing 100+ value creation projects across our portfolio last year. This work included helping to place at least 15 portfolio executives, facilitating over 135 commercial introductions, and providing finance & operations, go-to-market, impact & ESG, and communications support.

^{*Ventures III totals $430M between the fund and its related vehicles}

^{**Final calculations pending. Complete metrics to come in our 2025 Impact Report, scheduled for publication in Spring 2025.}