Energy Transition

The world’s population is forecast to peak at 10.5 billion around 2050 and while the progress in renewables is encouraging, they cannot provide enough energy for humankind without an ongoing reliance on fossil fuels. In order to sustain economic growth and overcome climate change, the world needs to develop alternatives. We’re excited to back the Marvel Fusion team who’re building a reliable, commercially-viable nuclear fusion power plant. Marvel’s unique design has a genuine shot to get us to clean, safe, abundant power in the next decade to complement intermittent renewables on a pathway to a carbon-free energy grid.

Innovative solid oxide fuel cells allow Reverion to provide 24/7 supply security, enable long-term seasonal storage and reduce megatons of CO2 emissions. This technology doubles electricity production through electrical efficiencies of 80% whilst also stabilising the power grid in electrolysis mode and producing renewable gases.

Kite Magnetics is an Australian-based aerospace start-up enabling emissions-free aircraft to fly further and carry more by producing the next generation of ultra-high-performance electric motors. Spun out from Monash University in 2022 and backed by Investible, Possible Ventures and Breakthrough Victoria, Kite’s products use a new nanocrystalline magnetic materials technology that has an energy loss ten times lower than traditional materials, giving their electric motors unmatched efficiency and power density potential. Their first product, a 120 kW electric motor for 2-4 seat electric training aircraft, marks the beginning of their journey to become a global leader in zero emissions aircraft engine production.

Cost effective and secure EV charging and parking, available where and when you need it.

Aquila is transforming the way we think about energy, constructing a cutting-edge energy network based on the utilisation of light. By directing light beams at receivers integrated into power systems, they convert this energy into much-needed electricity. Aquila's revolutionary approach removes barriers to energy access, making power available wherever it's needed. This innovative wireless energy infrastructure lays the foundation for what they call the "internet of energy", which will pave the way for a sustainable future.

SiZable Energy have reinvented pumped-hydro energy storage and brought it offshore. Traditional pumped-hydro exploits the gravitational potential of freshwater. SiZable exploit the gravitational potential of ~20% heavier-than-water sea salt brine in seawater. SiZ combines the benefits of pumped-hydro energy storage with the unlimited scaling potential and streamlined deployment provided by an offshore environment, all without making use of polluting or scarce materials.

Aviation is one of the fastest-growing greenhouse gas emitters, and simultaneously the only large industrial sector without an identified decarbonization pathway. From a sustainability and operating economics perspective, the electrification of aviation stands out as the clear long-term solution. However, current attempts at electric aircraft development are suffering from too short flight ranges. Cosmic is building the world's first all-electric passenger aircraft that's capable of flying real aircraft ranges without the need for battery miracles. By focusing on the development of highly efficient airframes and propulsion systems, Cosmic aims to build aircraft that can cover 50% of the global aviation market by range with batteries that are available today.

HyperHeat is building a cutting-edge, all-electric heating solution designed to reach temperatures of up to 2,000°C. Using renewable electricity HyperHeat is providing an efficient alternative to fossil fuel combustion. With an efficiency rate of up to 98%, HyperHeat is ideal for retrofitting industrial processes, enabling significant CO2 reductions across industries like steel, cement, and chemicals. The scalable technology offers a cost-efficient approach to decarbonizing thermal processes, with a potential to reduce global CO2 emissions by over 4.5 gigatons annually.