What We do

We guide emerging clean technologies out of the valleys of death. We meet you where you are, with the right expert for today’s problem and a collective for what comes next.

When companies come to us

Most clean technology companies fail because they cannot evolve for the next phase of growth. Scaling means crossing more than one valley of death, and what carried a company across the last one rarely carries it across the next.

There are three: Lab to Prototype after TRL 4, Prototype to Pilot after TRL 6, and Pilot to Deployment after TRL 8. Companies come to us at the edge of one of them.

We take on a limited number of clients. Here’s what we look for.

What we help with

Three areas. Most companies arrive solid on two and short on the third. That gap is usually the first engagement.

Commercialization

Does anyone actually want it?

Project development

Can it be financed and deployed?

Fundraising strategy

Who underwrites it, and how much of it has to be equity?

  • Commercial strategy and market access

  • Offtake identification and negotiation

  • Warm introductions to the customers and stakeholders who decide

  • Educating regulators and buyers about an unfamiliar technology

  • Merchant risk, or a single creditworthy buyer with a binding agreement

  • Project and manufacturing strategy

  • Site selection and permitting

  • The handoff from contract manufacturing to your own capacity

  • Pilots that let you iterate and prove it

  • The project team, the tools to run it, and the right EPC and independent engineers

  • Community and stakeholder engagement, including community benefits agreements

  • A non-dilutive strategy and a blended capital stack

  • A fundraising roadmap

  • Policy navigation

  • The investors who come after venture: project finance, grants, and impact capital

  • Underwritten on debt service coverage rather than upside

What we work on

Where we are spending the most time right now, and why. This is not a boundary. If your sector is not here, ask. Our collective works across all of clean technology, and we pair you with the expert who knows yours.

Where projects are getting financed

  • Geothermal

  • Batteries and distributed energy

Real project opportunity, and financing that is actually closing

Where the bottleneck is the supply chain

  • Nuclear, including small modular reactors

  • Fusion

  • Critical materials

Any emerging technology needs its critical supply chain built out at the same time as the technology itself. Onshoring that supply chain is most of the work.

Also in our Range

Solar energy · Long-duration energy storage · Virtual power plants · EV and hydrogen manufacturing · Hydrogen production · Sustainable materials · Sustainable design and development · Institutions and professional bodies

Where the Market is Bouncing Back

  • Hydrogen and ammonia

  • Industrial decarbonization

Coming out of the trough of disillusionment, with more opportunity than there was two years ago.