Energy Innovation Investments

Tenaska leverages its 30 years of experience in the industry to help grow promising and innovative energy businesses. With an eye toward technologies and ideas poised to become increasingly valuable amid disruptive market change, Tenaska’s new energy innovation investment initiative seeks to invest in early to late-stage business opportunities with unique value propositions to customers, unique business models and strong management with impeccable integrity.

The energy industry is undergoing fundamental changes that are poised to disrupt the market. Tenaska supports sustainable and innovative start-ups that will enable new energy technologies and business models.

 

Current Investments

AutoGrid builds enterprise software applications that utilize artificial intelligence, machine learning, big data and IoT technologies to enable a smarter and cleaner distributed energy world. The company’s suite of flexibility management applications allows utilities, electricity retailers, renewable energy project developers and energy service providers to deliver clean, affordable and reliable energy by managing networked distributed energy resources (DERs) in real time and at scale. AutoGrid has more than 3,500 megawatts of flexible capacity from DERs under contract and its customer list includes National Grid, NextEra Energy, E.ON, Total, Xcel Energy, China Light and Power and over 30 other leading global energy companies around the world.

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Opportunities

Our team is currently evaluating opportunities for investments in start-ups that will transform the energy industry, especially in distributed energy, cybersecurity, electric vehicle and charging infrastructure, blockchain, micro-grid, data analytics and electrification. In addition to capital, Tenaska will utilize its vast background in the energy industry – which includes development, acquisition, operation and management of power generating facilities, energy marketing and private equity investments – to serve as a strategic advisor.

There is a strong preference for revenue-generating companies, as this indicates an existing base of customers willing to pay for the company’s products and services. Tenaska is not seeking to invest in capital-intensive companies or in opportunities that require setting up company-owned manufacturing facilities; companies that have local assembly facilities or utilize contract manufacturing may be considered. Potential investments are evaluated based on a strong business plan, proven technology and a realistic ability to generate positive cash flow in the near future.

To learn more about the energy innovation investment initiative, please contact investment team lead Rishi Bhakar at innovation@tenaska.com.