Evergy Ventures is the corporate venture capital arm of Evergy, Inc., an electric utility serving over 1.6 million customers in Kansas and Missouri. Founded in 2015 and based in Kansas City, the firm invests across North America with a focus on the Midwest. It provides both capital and industry expertise to early-stage companies that share a vision for an affordable, resilient energy future. The team aims to help innovators develop practical solutions that deliver cleaner, safer and more reliable power.
The firm’s growth-oriented strategy targets entrepreneurs developing technologies for energy storage, grid modernization, digital utility operations, connected mobility and utility-focused AI applications. Evergy Ventures places emphasis on technologies that drive decarbonization and expand access to energy services by improving efficiency and connectivity for utilities and end users. Typically investing $3 million to $5 million in co-investment rounds alongside other industry investors, the team focuses on companies with proven revenue streams. Beyond funding, Evergy Ventures provides market guidance, regulatory insights and connections within the Evergy network to accelerate portfolio growth.
As a long-term supporter of clean technology, Evergy Ventures prioritizes energy management and storage solutions, particularly advanced battery systems. Its portfolio includes ESS Inc., which develops iron flow batteries for long-duration grid storage, and Powin, a provider of utility-scale battery installations. The firm also backs Yotta Energy’s modular solar-plus-storage systems, ConnectDER’s hardware for integrating distributed resources, and Xendee’s software for designing and managing microgrids. Additional investments in Omnidian’s solar asset management services and SkySpecs’ analytics for wind operations reflect the firm’s commitment to modernizing infrastructure and enabling renewable integration.
