NGP, formerly known as Natural Gas Partners, is a Dallas-based private equity firm with more than 35 years of experience in energy sector investments. Recently rebranded to NGP, the firm secured roughly $500 million for energy transition through NGP Sustainable Real Assets LLC and its flagship fund, NGP Energy Transition IV LP. Over three decades, NGP has backed more than 300 development platforms, supporting companies from their inception with significant capital allocations, deep sector expertise and a partnership-oriented approach that combines financial resources with operational guidance.
The firm focuses on real asset development platforms that underpin the shift to a low-carbon economy. These include clean power generation, sustainable fuels, carbon capture and removal, transportation solutions like electric vehicle infrastructure, and critical minerals essential for advanced technologies. By targeting platforms that integrate project development, construction and long-term operations, NGP positions itself at the intersection of capital and technical know-how. Commitments typically range from $50 million to $150 million per investment, and co-investment relationships ensure alignment among stakeholders and facilitate regulatory approvals and financing.
Among NGP’s clean technology and battery investments, Form Energy stands out for its development of multi-day iron-air battery systems for grid-scale storage. Headquartered in Somerville, Massachusetts, Form Energy’s long-duration solutions address the need for reliable renewable integration and grid stability. Complementing this, NGP has backed companies such as Dandelion Energy, which specializes in geothermal heat pumps, and EV Realty, a developer of fleet charging infrastructure. Early-stage investments in carbon removal and emissions reduction ventures further demonstrate NGP’s commitment to technologies that drive decarbonization and sustainable growth.
