NGP Energy Technology Partners logo

NGP Energy Technology Partners

North America, District of Columbia, United States, Washington

Description

NGP Energy Technology Partners (NGP ETP) is a specialized private equity firm based in Washington, D.C., dedicated to investing in the energy sector. Unlike broader technology investors, NGP ETP specifically targets companies that develop and provide products and services crucial to the oil and gas, power generation, and renewable energy industries. This focused approach allows them to leverage deep industry knowledge and an extensive network within these complex markets, aiming to support innovation and growth across the energy value chain.

The firm primarily engages in growth equity investments, buyouts, and recapitalizations, seeking out companies with proven technologies, robust business models, and strong management teams poised for significant expansion. NGP ETP is currently deploying capital from its second dedicated fund, NGP ETP II, which successfully closed with $450 million in committed capital. This substantial fund size enables them to make meaningful investments, typically ranging from $20 million to $75 million of equity per transaction, targeting companies that can benefit from their strategic guidance and industry connections.

NGP ETP distinguishes itself by offering more than just capital; it provides strategic guidance and operational support, drawing on its team's extensive experience in the energy value chain. The firm benefits significantly from its sponsorship by NGP Energy Capital Management, a prominent private equity firm in the natural resources sector that has managed over $20 billion of cumulative committed capital since its inception in 1988. This affiliation provides NGP ETP with unparalleled access to industry insights, co-investment opportunities, and a vast network, solidifying its position as a key player in energy technology investment.

Investor Profile

NGP Energy Technology Partners has backed more than 29 startups, with 2 new investments in the last 12 months alone. The firm has led 10 rounds, about 34% of its total and boasts 5 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Series C, Series A, Series B rounds (top funding stages).
  • Majority of deals are located in United States, Canada.
  • Strong thematic focus on Energy, Manufacturing, Renewable Energy.
  • Typical check size: $20M – $75M.

Stage Focus

  • Series C (28%)
  • Series A (21%)
  • Series B (17%)
  • Series Unknown (10%)
  • Series D (7%)
  • Private Equity (7%)
  • Debt Financing (3%)
  • Series E (3%)
  • Series F (3%)

Country Focus

  • United States (90%)
  • Canada (10%)

Industry Focus

  • Energy
  • Manufacturing
  • Renewable Energy
  • Software
  • Analytics
  • Cleantech
  • Environmental Engineering
  • Greentech
  • Saas
  • Sustainability
circle-line
FAQ

Frequently Asked Questions

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

Who does NGP Energy Technology Partners frequently co-invest with?

Rice Investment Group
North America, Pennsylvania, United States, Carnegie
Co-Investments: 3
The Engine
North America, Massachusetts, United States, Cambridge
Co-Investments: 3
Prelude Ventures
North America, California, United States, San Francisco
Co-Investments: 10
TR
North America, California, United States, San Francisco
Co-Investments: 5
Temasek Holdings
Asia, Central Region, Singapore, Singapore
Co-Investments: 4
Breakthrough Energy Ventures
Europe, Ile-de-France, France, Paris
Co-Investments: 4
Clearvision Ventures
North America, California, United States, Menlo Park
Co-Investments: 3
Energy Impact Partners
North America, New York, United States, New York
Co-Investments: 4
Coatue
North America, New York, United States, New York
Co-Investments: 4
Capricorn Investment Group
North America, California, United States, Palo Alto
Co-Investments: 4

Which angels does NGP Energy Technology Partners often collaborate with?

AS
North America, United States
Shared Deals: 1

What are some of recent deals done by NGP Energy Technology Partners?

Persefoni AI

Mesa, Arizona, United States

Persefoni AI provides a climate management and accounting platform for real-time management, analytics, and disclosure.

AnalyticsCleanTechGreenTechSaaSSoftwareSustainability
Series CMar 31, 2025
Amount Raised: $23,000,000
Form Energy

Somerville, Massachusetts, United States

Form Energy is an energy technology company that produces electric grids and accelerates the transition to clean energy.

BatteryEnergyEnergy StoragePower GridRenewable Energy
Series FOct 9, 2024
Amount Raised: $405,000,000
Persefoni

Tempe, Arizona, United States

Persefoni provides a climate management and accounting platform for real-time management, analytics, and disclosure.

AnalyticsCleanTechGreenTechSaaSSoftwareSustainability
Series CAug 11, 2023
Amount Raised: $50,000,000
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
Debt FinancingNov 15, 2022
Amount Raised: $28,000,000
Form Energy

Somerville, Massachusetts, United States

Form Energy develops and commercializes a low-cost battery system that can store wind and solar energy for a long duration.

BatteryEnergyEnergy StorageEnvironmental EngineeringRenewable Energy
Series EOct 4, 2022
Amount Raised: $450,000,000
Persefoni

Tempe, Arizona, United States

Persefoni provides a climate management and accounting platform for real-time management, analytics, and disclosure.

AnalyticsCleanTechGreenTechSaaSSoftwareSustainability
Series BOct 28, 2021
Amount Raised: $101,000,000
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 CAug 25, 2021
Amount Raised: $35,000,000
Form Energy

Somerville, Massachusetts, United States

Form Energy develops and commercializes a low-cost battery system that can store wind and solar energy for a long duration.

BatteryEnergyEnergy StorageEnvironmental EngineeringRenewable Energy
Series DAug 24, 2021
Amount Raised: $240,000,000
Orennia

Calgary, Alberta, Canada

Orennia is a technology company focused on the renewable power sector.

AnalyticsEnergyEnvironmental ConsultingRenewable EnergySoftware
Series AMay 21, 2021
Voltus

San Francisco, California, United States

Voltus provides cash-generating energy products to commercial, institutional, and industrial customers.

EnergyEnergy EfficiencyEnergy ManagementOil and GasPower GridSmart Building
Series CMay 13, 2021
Amount Raised: $31,000,000