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NGP Energy Capital Management

North America, Texas, United States, Irving

Description

NGP Energy Capital Management (NGP ECM) has built a premier investment franchise in the natural resources sector.

Investor Profile

NGP Energy Capital Management has backed more than 18 startups, with 5 new investments in the last 12 months alone. The firm has led 8 rounds, about 44% of its total and boasts 2 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Private Equity, Series B, Series C rounds (top funding stages).
  • Majority of deals are located in United States, United Kingdom, Canada.
  • Strong thematic focus on Energy, Renewable Energy, Oil and Gas.
  • Led 2 rounds in the past year.

Stage Focus

  • Private Equity (39%)
  • Series B (28%)
  • Series C (17%)
  • Series D (6%)
  • Series A (6%)
  • Series Unknown (6%)

Country Focus

  • United States (72%)
  • United Kingdom (11%)
  • Canada (6%)
  • Brazil (6%)
  • Chile (6%)

Industry Focus

  • Energy
  • Renewable Energy
  • Oil And Gas
  • Cleantech
  • Software
  • Natural Resources
  • Greentech
  • Analytics
  • Artificial Intelligence (Ai)
  • Machine Learning
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FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does NGP Energy Capital Management frequently co-invest with?

Pearl Energy Investments
North America, Texas, United States, Dallas
Co-Investments: 3
General Catalyst
North America, Massachusetts, United States, Cambridge
Co-Investments: 2
Google Ventures
North America, California, United States, Mountain View
Co-Investments: 2
New Enterprise Associates
North America, California, United States, Menlo Park
Co-Investments: 1
Radius Capital
North America, California, United States, San Francisco
Co-Investments: 2
Aster
Europe, Ile-de-France, France, Paris
Co-Investments: 1
LenX
North America, Florida, United States, Miami
Co-Investments: 2
Breakthrough Energy Ventures
Europe, Ile-de-France, France, Paris
Co-Investments: 2
Collaborative Fund
North America, New York, United States, New York
Co-Investments: 2
Building Ventures
North America, Massachusetts, United States, Boston
Co-Investments: 1

Which angels does NGP Energy Capital Management often collaborate with?

SL
North America, New York, United States, New York
Shared Deals: 1
KG
North America, Illinois, United States, Chicago
Shared Deals: 1
HK
North America, New York, United States, New York
Shared Deals: 1

What are some of recent deals done by NGP Energy Capital Management?

X-energy

Rockville, Maryland, United States

X-energy is a nuclear energy company that develops small modular nuclear reactors and nuclear fuels for clean energy generation.

Clean EnergyCleanTechEnergyNuclearRenewable Energy
Series DNov 24, 2025
Amount Raised: $700,000,000
ElectronX

Chicago, Illinois, United States

ElectronX is an energy exchange focusing on managing short-term price volatility in the electricity market.

EnergyFinancial ServicesFinTech
Series ANov 14, 2025
Amount Raised: $30,000,000
406 Energy

Houston, Texas, United States

406 Energy is an oil & gas industry that offers Production, Operational Efficiency, and Development services.

Oil and Gas
Private EquityOct 10, 2025
EV Realty

San Francisco, California, United States

EV Realty develops, deploys, and owns grid-scale charging infrastructure critical to electrifying last-mile delivery and service fleets.

Charging InfrastructureCommercial Real EstateElectric VehicleEnergyFleet ManagementLast Mile Transportation
Private EquitySep 18, 2025
Amount Raised: $75,000,000
PhysicsX

London, England, United Kingdom

PhysicsX offers an AI-native simulation software stack for engineering and manufacturing across advanced industries.

Artificial Intelligence (AI)Information TechnologyMachine LearningSimulationSoftware
Series BJun 22, 2025
Amount Raised: $134,400,594
Greenlake Energy

Austin, Texas, United States

Greenlake Energy is an energy resource company that develops oil and natural gas.

EnergyEnergy ManagementOil and Gas
Private EquityMay 6, 2025
Amount Raised: $200,000,000
Moray Energy

Las Condes, Region Metropolitana, Chile

Moray Energy offers energy and business development consulting services.

Business DevelopmentConsultingEnergy
Private EquityApr 14, 2025
Amount Raised: $250,000,000
X-energy

Rockville, Maryland, United States

X-energy is a developer of advanced modular nuclear reactors and fuel technology for clean energy generation.

Clean EnergyCleanTechEnergyRenewable Energy
Series COct 16, 2024
Amount Raised: $700,000,000
Dandelion Energy

Mount Kisco, New York, United States

Dandelion Energy is a home geothermal company that offers geothermal heating and cooling installations.

CleanTechEnergyGreenTechRenewable Energy
Series CSep 24, 2024
Amount Raised: $40,000,000
LevelTen Energy

Seattle, Washington, United States

LevelTen Energy is an energy company that provides renewable transaction infrastructure for buying or selling renewable energy and assets.

AnalyticsEnergyMarketplaceRenewable Energy
Series DJul 16, 2024
Amount Raised: $61,138,804