Climate Investment, formerly OGCI Climate Investments, is an independently managed investment firm set up by members of the Oil and Gas Climate Initiative, a consortium of twelve energy companies including Aramco, BP and Shell. Based in London, the firm has backed companies since 2017, providing venture to growth equity capital to firms developing technologies for the next generation of global infrastructure. By partnering with investors and industry stakeholders, it supports market adoption and aims for strong risk-adjusted returns alongside measurable reductions in greenhouse gas emissions.
The firm focuses on sectors responsible for over sixty-five percent of global emissions that receive less than a quarter of innovation funding. Key areas include oil and gas systems, heavy industry such as cement and steel, power and chemicals, agriculture, the built environment and transportation. Investment themes cover methane reduction, carbon capture, utilization and storage, energy efficiency and alternative fuels. Climate Investment combines capital with deep industry networks and uses a forward-looking impact methodology to screen opportunities, then works with portfolio companies to collect and review performance data annually through independent assessment.
Within its clean technology portfolio, Climate Investment has supported battery-related ventures that aid decarbonization in demanding applications. It participated in a $24 million Series C funding for Qnovo, whose software enhances safety and lifespan of batteries in electric vehicles and stationary storage. An investment in ZincFive targets nickel-zinc batteries with a lower embedded carbon footprint than lithium-ion, suitable for high-power, short-duration uses. The firm also backed Turntide Technologies for its electric motor systems that improve energy efficiency across industrial and mobility sectors. These investments reflect a commitment to essential clean technologies that address decarbonization challenges in hard-to-abate industries.
