February 2024 UPDATES

FUND II

Closed a $70K deal with Texas A&M and added $500K to their qualified sales pipeline. Closing their Bridge round (reach out if interested). 

Secured organic handler certification in the US, unlocking  organic seed decontamination, a key milestone for unlocking premium applications. Began the design/build process with a contract manufacturer for the next four machines.

Converted Stanford Health to a signed customer from pilots. Secured Closed Loop's pilot in Petaluma, which includes Starbucks and Wendy’s restaurants, to demonstrate the value of a dense ecommerce ecosystem.

Closed $45K in new Peak Predictions sales. Attended the Intersolar trade show in San Diego, one of the largest solar installer trade shows in North America, and generated 94 qualified Payments leads. 

Hired Mark Watson as Chief Revenue Officer (an Active Impact placement), an experienced high-tech marketing and business development executive spanning semiconductors to commercial lighting.

Began qualifying lead investors for their upcoming Series A, with 27 potential leads requesting data room access.

Closed over $11M in orders within the first year of operations from multiple customers, with a $200M customer pipeline. 

Closed their first base metal trader customer for $70K ARR and first international procurement customer for $10K ARR, which opens a new customer segment. 

Launched a solar installation for 20 businesses at The Shops, Livermore CA for 376 kW of capacity. Announced the ClearGen project financing partnership that will unlock 100 commercial properties in new markets across the US with a commitment of over $150M. 

Increased the number of new sign-ups by 85%.

Launched Puget Sound Energy utility program with the distributed energy resources management system, Autogrid. 

Ended beta program, began beta participant conversion and launched a new website, CRM, branding and marketing strategy in preparation for their commercial launch in March.

Exceeded $2M ARR after their biggest sales week ever, signing Fidelity National Financial for $463K in total contract value and Crestron for $115K, and closing 13 sell-through deals through their partner network. 

Presented a proof of concept to Wheeling & Lake Erie and Genesee & Wyoming railways to precede their launch into the Fuel Savings paid product tier. The railways represent $13M in annual revenue if fully deployed.

Built and factory tested a backup power order for a pharmaceutical customer, with delivery scheduled for March. 

Attended Sourcing at Magic, a large fashion marketplace in Las Vegas, and returned with 11 leads.

FUND I

Completed and shipped a 40’ wastewater treatment container system for a bottling facility in Temple, Texas. Successfully devised a new method to treat biosurfactant and biodiesel wastewater, which will open new market applications. 

Presented their real estate decarbonization platform at IMN’s Decarbonizing Real Estate Forum and had seven major prospects confirm their interest, representing over 9,500 properties and $14M in revenue potential.

Advanced their Class VI permit with the EPA to technical review, which was an exceptionally quick turn-around enabled by the thoroughness, diligence, and proactive engagement of their subsurface and regulatory teams.

Secured a $10M purchase order for commercial furniture products from KIAN Group, fueling the APAC portfolio. Expanded the B2B hospitality product portfolio with pilots secured with Burger King, Chipotle, Nandos and Panda Express.

Expanded into Pakistan with a contract to use Clir Risk across a 53 MW renewable energy portfolio.

Therma launched a rebrand to GlacierGrid to represent the energy management side of the business as well as the legacy monitoring product.

Over 100K people received power through Jaza’s service during the month and the company launched in 8 new communities. 

Continued to evolve partnership discussions with many consultancies and distributors.

Closed a distribution deal with a large water brand to add ~150 customers to the Food Service business, which if successful will be a replicable model to grow their customer base. in their Office channel and began to see growth in the Food Service channel.

Extended their pilot contract with JICA, a major Japanese asset manager. 

Secured $15M towards their Series B financing from two strategic investors and signed an exceptional Head of People and Culture (an Active Impact referral) to help rapidly scale.

Surpassed 11,000 chargers sold and secured an Exelon RFP for over 800 chargers.