Nth Power

About: Nth Power is a venture capital firm based in San Francisco and is the first and most experienced venture capital firm funding promising startup companies in the growing sector of energy technology, materials and other related businesses. With $420 million under management in four funds and an investment record that begins in 1997, Nth Power is widely known and well regarded as the driving force behind many of the most successful energy technology companies.

www.nthpower.com

Key Personnel:
Nancy Floyd, Founder & Managing Director (a good story on her here)
Bryant Tong, Managing Director
Tim Woodward, Managing Director
Matt Jones, Partner
Rodrigo Prudencio, Partner
Matthew Price, Partner
Brian Walsh, Sr. Associate
Elaine Erickson, Sr. Associate
(further details on their background are available on its website)

Portfolio:
Energy Intelligence – BPL Global, Comverge (COMV), OptoElectronix, Silicon Energy* (ITRI), SmartSynch, SpectraSensors, SynapSense, Thetus.
Distributed Energy – Capstone Turbine* (CPST), Evergreen Solar* (ESLR), H2Gen, Northern Power Systems* (DESC), Proton Energy Systems* (DESC), Soliant Energy, Superprotonic, Tioga Energy, XeroCoat.
Energy Storage & Reliability – Imara, Nanogram Devices* (GB).
Advanced Materials – Accelergy, ARXX Corporation, Microposite, Nanogram Corporation, Nanogram Devices* (GB), Rive Technology, XeroCoat.
Transportation & Fuels – Imperium Renewables, Propel Biofuels.
Services – AllConnect, Nexant, Northern Power Systems* (DESC), Propel Biofuels, Terrapass, Tioga Energy.
*denotes past companies

Comment: In its website, Nth Power encourages entrepreneurs to submit their business plan via email or by mail. It lists down its investment criteria and states its initial investment typically ranges from $1-5 million and it often make further investments over time to a total of between $10-15 million. According to SVB Alliant’s “Earth, Wind, and Fire: A Cleantech Perspective”, Nth Power has 20 cleantech investments as of Dec 31, 2006. Nth Power also invested in California-based Pentadyne Power which develops flywheel energy storage systems.

News: Nth Power raises second venture capital fund
Publication: Advanced Battery Technology
Date: Wednesday, November 1 2000

Nth Power Technologies, Inc., a pioneer in the field of energy and power industry venture capital based in San Francisco, California, has raised $120.5 million from new and existing investors for its second venture capital fund. Investors in its $63 million first venture fund – ABB, Cinergy, Energy East, Electricte de France, and Hydro Quebec – are participating in Fund II. They are joined by new strategic and financial investors, including Alliant Energy, Avistar, Ballentine Capital, Bank of America Capital, Central Hudson Gas and Electric, CBIC World Markets, First Energy Corp., Itochu International Inc., Lehman Brothers Venture Capital, Meridian Energy (New Zealand), NiSource Development, Norsk Hydro (Norway), PanCanadian Petroleum Ltd., and Pacific Venture Capital (a unit of PGE Corp.). Nth’s investment focuses on distributed generation and storage; energy-related communications, information technology, and business services; power quality; and transmission and distribution automation.

nth power

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