Technology Ventures

Investing in Our Future

Constellation Technology Ventures (CTV) is the venture investing organization within Constellation, the nation’s leading clean energy generator and competitive energy provider. CTV invests in companies exploring innovative energy technologies and business models, building a portfolio that represents a broad range of development stages and technology types. CTV catalyzes growth for these companies by providing equity capital, management expertise, and access to the broad and diverse Constellation commercial enterprise.

 

Our Mission

The mission of Constellation Technology Ventures is to drive innovation by investing in venture-stage energy technology companies that can provide new solutions to Constellation and its customers. CTV seeks to:

  • Be a leader among diversified energy companies in funding innovative energy solutions
  • Engage with technology companies that have the potential to complement or disrupt Constellation’s core businesses, leading to commercial growth opportunities for innovative startups while positioning Constellation as a technology-forward energy partner to its customers
  • Create future business opportunities in emerging energy markets

 

CTV goes beyond capital investment by actively working with company leadership to deploy the company’s products via Constellation’s commercial platform. CTV invests across the energy technology landscape and in companies at various stages of development. Initial investment size generally ranges between $1M and $10M.

Bidgely

The Bidgely technology solution extracts energy signatures that are unique to appliances in every household and tracks the energy consumed by each appliance without the need for plug-level hardware sensors.

DemandQ

DemandQ has developed a solution that integrates a cloud-based machine-to-machine network, building controllers, and sensor networks to monitor and reduce energy consumption spikes. The company’s patented Queued Power Access Control (QPAC) technology optimizes the runtime of appliances that are the root cause of high peak demand charges, automatically reducing annual electric bills without impacting the customer experience.

 

LevelTen Energy

LevelTen has created a web-based marketplace that streamlines the buying and selling of offsite renewable energy projects, such as wind and solar, across North America. LevelTen’s platform connects project developers with corporate buyers in a way that simplifies the execution of physical and virtual power purchase agreements while facilitating additional risk intermediation services.

Measurabl

Measurabl is an enterprise SaaS platform for sustainability data management, benchmarking, and reporting for commercial real estate assets. Measurabl collects and analyzes non-financial data, presents peer benchmarking information, and creates investment-grade sustainability reports, which alert owners and tenants to improvement opportunities.

PosiGen

PosiGen’s business model features standardized solar installation kits and unique marketing strategies, resulting in the solar industry’s lowest customer acquisition and hardware installation costs.

PrecisionHawk

PrecisionHawk is a platform provider of unmanned aerial vehicle (“UAV”) services, UAV tracking systems, and cloud-based data processing software for commercial drone applications. The company leverages existing drone platforms and hardware sensors to deliver real-time, aerial data analytics and has developed a proprietary flight tracking system for low-altitude UAV navigation beyond the visual line of sight.

 

Proterra

Proterra is a world leader in the design and manufacture of zero-emission transit vehicles that enable bus fleet operators to reduce operating costs and deliver clean, quiet transportation to the community. The Proterra Catalyst™ electric transit vehicle was designed to be the most flexible platform for the electrification of transit systems around the world, offering customizable options that provide a wide range of configurations based on individual routes. With unmatched durability and energy efficiency based on rigorous testing at Altoona Bus Research and Testing Center, the Proterra product is proudly made in America.

Qnovo

Qnovo’s solution suite uses advanced computation to optimize the chemical reactions within lithium-ion batteries, resulting in faster charging, increased daily run times, and longer battery lifetimes.

Sparkfund

Sparkfund uses its energy efficiency project pricing platform to provide low-cost financing for qualifying projects. Through its financing abilities, Sparkfund also offers an all-inclusive “efficiency as-a-service” package for building owners.

Vutility

Vutility is an energy data company that created the first truly wireless, LoRaWAN-enabled energy meter called the HotDrop™.  Each meter is installed non-intrusively in less than two minutes without wires, batteries, or the need to de-energize circuits. This new technology is cloud-connected for real-time access to its energy data from the toughest and most remote sites.

XL Fleet

XL Fleet is a connected fleet electrification company that manufactures electric powertrains for class 2-6 hybrid electric and plug-in hybrid electric trucks. XL’s systems feature proprietary electric motors, motor drives, onboard controllers and telematics, and battery packs to convert gasoline-powered internal combustion engines into hybrid electric vehicles.

Alta Devices

 

Alta Devices is a developer and manufacturer of gallium arsenide (GaAs) photovoltaic (PV) cells for use in non-grid connected solar applications such as unmanned aerial vehicles (UAVs), sensors, consumer electronics, automobiles, and portable remote power. Alta Devices was acquired by Hanergy in August 2014.
Alta Devices

Aquion Energy

 

Aquion Energy is the developer and manufacturer of Aqueous Hybrid Ion (AHI) battery systems. AHI systems are optimized for stationary, long duration, daily cycling applications such as remote power and microgrids, energy management, and grid-scale energy storage. Aquion’s battery is made of sustainable, non-flammable, non-toxic materials that can be landfilled at end of life. Aquion Energy

Astrum Solar

 

Astrum Solar is a residential solar installer that provides a high-quality customer experience, wrapping design, equipment selection, installation, and financing into a bundled solution with a “Worry-Free” guarantee. Astrum Solar was acquired by Direct Energy in July 2014. Astrum Solar

C3 AI

 

C3 AI offers smart grid analytics SaaS solutions that enable utilities to realize the full potential of their investments in the smart grid. The C3 AI Analytics platform is unique in its ability to integrate massive amounts of disparate data, apply sophisticated multilayered analytics, and provide highly usable portals that generate actionable real-time insights. C3’s enterprise-wide approach provides utilities with end-to-end system visibility across supply-side and demand-side smart grid operations. C3 AI went public through an initial public offering in December 2021. C3 AI

ChargePoint

ChargePoint is an electric vehicle infrastructure company that develops and markets hardware and software solutions for accessing a national network of electric car charging stations. ChargePoint currently operates the world’s largest and most open EV charging network. ChargePoint went public in 2021 through a reverse merger with a special purpose acquisition company. ChargePoint

Consert Communications

 

Consert is a residential automated load control software platform company focused on offering a complete, real-time energy management and conservation ecosystem. The solution gives energy conservation the attributes of generation while empowering consumers to set, monitor, and reduce energy consumption. Consert was acquired by Toshiba Corporation subsidiary Landis+Gyr in 2013.

Consert Communications

Cool Planet Energy Systems

 

Cool Planet Energy Systems is a technology company that is developing sustainable products to address three of the world’s largest markets: energy, food, and water. Cool Planet’s green fuels are chemically identical to fossil fuels and can be blended into the current fuel supply to reduce greenhouse gases emitted into the air without sacrificing performance or increasing prices at the pump. The company’s CoolTerra™ biocarbon product can sequester carbon and deliver transformative benefits to industries as diverse as agriculture, chemicals, and pharmaceuticals. Cool Planet Energy Systems

Essess

 

Essess is deploying an MIT-developed thermal imaging technology to address the problem of identifying energy loss and facilitating related structural improvements to buildings in a scalable and cost-effective manner. Essess combines a proprietary thermal imaging technology and sophisticated analytics to provide building owners with a compelling, easy-to-read thermal image that highlights potential fixes to increase comfort and reduce energy costs. Essess

Ogin

 

Ogin is a wind energy technology company developing a 100kW shrouded wind turbine. The Ogin turbine integrates advances in aerospace technology to change the physical airflow patterns throughout the turbine, resulting in a high-efficiency, reduced footprint machine. Ogin

Organic Response

 

Organic Response sensor nodes are integrated into lighting fixtures and automatically adapt to changes in the environment, creating a seamless, energy efficient lighting solution for indoor applications. Organic Responses’s technology was acquired by Fagerhult, a Swedish lighting company, in 2017. Organic Response

Ouster

Ouster develops a high performance light detection and ranging (“LIDAR”) sensor technology used for collision avoidance and safety in commercial and consumer vehicles. The company has developed the most advanced, practical, and scalable LIDAR sensor on the market. Ouster went public in 2021 through a reverse merger with a special purpose acquisition company. Ouster

OwlDQ

 

OwlDQ is a predictive data quality software company that uses machine learning and adaptive reasoning to validate data quality within enterprise applications. The company’s software quickly and automatically learns datasets and suggests corrective action for incorrect or missing data without the need for rules or human input. OwlDQ was acquired by Collibra in January 2021. OwlDQ

Powerhouse Dynamics

 

Powerhouse Dynamics has developed and markets building energy management systems for portfolios of small commercial facilities. Multiple facilities can be aggregated into an enterprise-wide view, giving managers a complete picture of their properties’ consumption. Powerhouse Dynamics was acquired by The Middleby Corporation in April 2019. Powerhouse Dynamics

Stem

 

Stem is a leader in behind-the-meter energy storage applications, delivering cost savings to customers through peak demand reduction and to utilities through demand response programs. The Stem system combines industry-leading lithium-ion batteries with its proprietary software for analyzing and predicting demand. The software then deploys stored energy as needed to flatten a customer’s load profile or aggregate resources across the utility’s territory to meet demand. Stem went public in 2021 through a reverse merger with a special purpose acquisition company. Stem

SolarBridge Technologies

 

SolarBridge is a power electronics company that designs and manufactures microinverters for photovoltaic modules that increase energy harvest and reduce installation time. SolarBridge was acquired by SunPower in November 2014. SolarBridge Technologies

V-Grid Energy Systems

 

V-Grid is developing an ultra-high efficiency distributed energy system, combining an automated micro-gasifier and a high compression genset. The 100kW system will deliver low-cost renewable energy plus integrated production of biocarbon, a valuable soil enhancer. V-Grid Energy Systems

Constellation Technology Ventures (CTV) is the venture investing organization within Constellation, the nation’s leading clean energy generator and competitive energy provider. CTV invests in companies exploring innovative energy technologies and business models, building a portfolio that represents a broad range of development stages and technology types. CTV catalyzes growth for these companies by providing equity capital, management expertise, and access to the broad and diverse Constellation commercial enterprise.

 

Our Mission

The mission of Constellation Technology Ventures is to drive innovation by investing in venture-stage energy technology companies that can provide new solutions to Constellation and its customers. CTV seeks to:

  • Be a leader among diversified energy companies in funding innovative energy solutions
  • Engage with technology companies that have the potential to complement or disrupt Constellation’s core businesses, leading to commercial growth opportunities for innovative startups while positioning Constellation as a technology-forward energy partner to its customers
  • Create future business opportunities in emerging energy markets

 

CTV goes beyond capital investment by actively working with company leadership to deploy the company’s products via Constellation’s commercial platform. CTV invests across the energy technology landscape and in companies at various stages of development. Initial investment size generally ranges between $1M and $10M.

Bidgely

The Bidgely technology solution extracts energy signatures that are unique to appliances in every household and tracks the energy consumed by each appliance without the need for plug-level hardware sensors.

DemandQ

DemandQ has developed a solution that integrates a cloud-based machine-to-machine network, building controllers, and sensor networks to monitor and reduce energy consumption spikes. The company’s patented Queued Power Access Control (QPAC) technology optimizes the runtime of appliances that are the root cause of high peak demand charges, automatically reducing annual electric bills without impacting the customer experience.

 

LevelTen Energy

LevelTen has created a web-based marketplace that streamlines the buying and selling of offsite renewable energy projects, such as wind and solar, across North America. LevelTen’s platform connects project developers with corporate buyers in a way that simplifies the execution of physical and virtual power purchase agreements while facilitating additional risk intermediation services.

Measurabl

Measurabl is an enterprise SaaS platform for sustainability data management, benchmarking, and reporting for commercial real estate assets. Measurabl collects and analyzes non-financial data, presents peer benchmarking information, and creates investment-grade sustainability reports, which alert owners and tenants to improvement opportunities.

PosiGen

PosiGen’s business model features standardized solar installation kits and unique marketing strategies, resulting in the solar industry’s lowest customer acquisition and hardware installation costs.

PrecisionHawk

PrecisionHawk is a platform provider of unmanned aerial vehicle (“UAV”) services, UAV tracking systems, and cloud-based data processing software for commercial drone applications. The company leverages existing drone platforms and hardware sensors to deliver real-time, aerial data analytics and has developed a proprietary flight tracking system for low-altitude UAV navigation beyond the visual line of sight.

 

Proterra

Proterra is a world leader in the design and manufacture of zero-emission transit vehicles that enable bus fleet operators to reduce operating costs and deliver clean, quiet transportation to the community. The Proterra Catalyst™ electric transit vehicle was designed to be the most flexible platform for the electrification of transit systems around the world, offering customizable options that provide a wide range of configurations based on individual routes. With unmatched durability and energy efficiency based on rigorous testing at Altoona Bus Research and Testing Center, the Proterra product is proudly made in America.

Qnovo

Qnovo’s solution suite uses advanced computation to optimize the chemical reactions within lithium-ion batteries, resulting in faster charging, increased daily run times, and longer battery lifetimes.

Sparkfund

Sparkfund uses its energy efficiency project pricing platform to provide low-cost financing for qualifying projects. Through its financing abilities, Sparkfund also offers an all-inclusive “efficiency as-a-service” package for building owners.

Vutility

Vutility is an energy data company that created the first truly wireless, LoRaWAN-enabled energy meter called the HotDrop™.  Each meter is installed non-intrusively in less than two minutes without wires, batteries, or the need to de-energize circuits. This new technology is cloud-connected for real-time access to its energy data from the toughest and most remote sites.

XL Fleet

XL Fleet is a connected fleet electrification company that manufactures electric powertrains for class 2-6 hybrid electric and plug-in hybrid electric trucks. XL’s systems feature proprietary electric motors, motor drives, onboard controllers and telematics, and battery packs to convert gasoline-powered internal combustion engines into hybrid electric vehicles.

Alta Devices

 

Alta Devices is a developer and manufacturer of gallium arsenide (GaAs) photovoltaic (PV) cells for use in non-grid connected solar applications such as unmanned aerial vehicles (UAVs), sensors, consumer electronics, automobiles, and portable remote power. Alta Devices was acquired by Hanergy in August 2014.
Alta Devices

Aquion Energy

 

Aquion Energy is the developer and manufacturer of Aqueous Hybrid Ion (AHI) battery systems. AHI systems are optimized for stationary, long duration, daily cycling applications such as remote power and microgrids, energy management, and grid-scale energy storage. Aquion’s battery is made of sustainable, non-flammable, non-toxic materials that can be landfilled at end of life. Aquion Energy

Astrum Solar

 

Astrum Solar is a residential solar installer that provides a high-quality customer experience, wrapping design, equipment selection, installation, and financing into a bundled solution with a “Worry-Free” guarantee. Astrum Solar was acquired by Direct Energy in July 2014. Astrum Solar

C3 AI

 

C3 AI offers smart grid analytics SaaS solutions that enable utilities to realize the full potential of their investments in the smart grid. The C3 AI Analytics platform is unique in its ability to integrate massive amounts of disparate data, apply sophisticated multilayered analytics, and provide highly usable portals that generate actionable real-time insights. C3’s enterprise-wide approach provides utilities with end-to-end system visibility across supply-side and demand-side smart grid operations. C3 AI went public through an initial public offering in December 2021. C3 AI

ChargePoint

ChargePoint is an electric vehicle infrastructure company that develops and markets hardware and software solutions for accessing a national network of electric car charging stations. ChargePoint currently operates the world’s largest and most open EV charging network. ChargePoint went public in 2021 through a reverse merger with a special purpose acquisition company. ChargePoint

Consert Communications

 

Consert is a residential automated load control software platform company focused on offering a complete, real-time energy management and conservation ecosystem. The solution gives energy conservation the attributes of generation while empowering consumers to set, monitor, and reduce energy consumption. Consert was acquired by Toshiba Corporation subsidiary Landis+Gyr in 2013.

Consert Communications

Cool Planet Energy Systems

 

Cool Planet Energy Systems is a technology company that is developing sustainable products to address three of the world’s largest markets: energy, food, and water. Cool Planet’s green fuels are chemically identical to fossil fuels and can be blended into the current fuel supply to reduce greenhouse gases emitted into the air without sacrificing performance or increasing prices at the pump. The company’s CoolTerra™ biocarbon product can sequester carbon and deliver transformative benefits to industries as diverse as agriculture, chemicals, and pharmaceuticals. Cool Planet Energy Systems

Essess

 

Essess is deploying an MIT-developed thermal imaging technology to address the problem of identifying energy loss and facilitating related structural improvements to buildings in a scalable and cost-effective manner. Essess combines a proprietary thermal imaging technology and sophisticated analytics to provide building owners with a compelling, easy-to-read thermal image that highlights potential fixes to increase comfort and reduce energy costs. Essess

Ogin

 

Ogin is a wind energy technology company developing a 100kW shrouded wind turbine. The Ogin turbine integrates advances in aerospace technology to change the physical airflow patterns throughout the turbine, resulting in a high-efficiency, reduced footprint machine. Ogin

Organic Response

 

Organic Response sensor nodes are integrated into lighting fixtures and automatically adapt to changes in the environment, creating a seamless, energy efficient lighting solution for indoor applications. Organic Responses’s technology was acquired by Fagerhult, a Swedish lighting company, in 2017. Organic Response

Ouster

Ouster develops a high performance light detection and ranging (“LIDAR”) sensor technology used for collision avoidance and safety in commercial and consumer vehicles. The company has developed the most advanced, practical, and scalable LIDAR sensor on the market. Ouster went public in 2021 through a reverse merger with a special purpose acquisition company. Ouster

OwlDQ

 

OwlDQ is a predictive data quality software company that uses machine learning and adaptive reasoning to validate data quality within enterprise applications. The company’s software quickly and automatically learns datasets and suggests corrective action for incorrect or missing data without the need for rules or human input. OwlDQ was acquired by Collibra in January 2021. OwlDQ

Powerhouse Dynamics

 

Powerhouse Dynamics has developed and markets building energy management systems for portfolios of small commercial facilities. Multiple facilities can be aggregated into an enterprise-wide view, giving managers a complete picture of their properties’ consumption. Powerhouse Dynamics was acquired by The Middleby Corporation in April 2019. Powerhouse Dynamics

Stem

 

Stem is a leader in behind-the-meter energy storage applications, delivering cost savings to customers through peak demand reduction and to utilities through demand response programs. The Stem system combines industry-leading lithium-ion batteries with its proprietary software for analyzing and predicting demand. The software then deploys stored energy as needed to flatten a customer’s load profile or aggregate resources across the utility’s territory to meet demand. Stem went public in 2021 through a reverse merger with a special purpose acquisition company. Stem

SolarBridge Technologies

 

SolarBridge is a power electronics company that designs and manufactures microinverters for photovoltaic modules that increase energy harvest and reduce installation time. SolarBridge was acquired by SunPower in November 2014. SolarBridge Technologies

V-Grid Energy Systems

 

V-Grid is developing an ultra-high efficiency distributed energy system, combining an automated micro-gasifier and a high compression genset. The 100kW system will deliver low-cost renewable energy plus integrated production of biocarbon, a valuable soil enhancer. V-Grid Energy Systems