Investing in energy efficiency solutions

INVESTMENT STRATEGY

67 Capital invests in rapidly growing hardware, software, and services companies that enhance efficiency, improve resilience, and enable decarbonization.  These “picks and shovels” businesses live at the intersection of physical and digital energy solutions and help accelerate deployment of sustainable real assets while providing a clear ROI to the end customer.

Our five investment themes target inefficiencies in the energy system that reduce waste, lower cost & carbon, and improve reliability.

Distributed energy resources

Reducing energy waste through decentralization and onsite efficiency

PROBLEM

Roughly 50% of primary energy is vented into the atmosphere and lost as waste heat during utility-scale, centralized electricity generation

Illustrative investment thesis:

SOLUTION

Distributed energy resources like solar, combined heat and power generators, heat pumps, and battery storage can produce energy closer to where it is consumed and where heat can be recaptured and used to heat buildings, water, or to power industrial processes

Solutions that enhance the performance, resilience, cost, and overall efficiency of the electrical grid

Grid modernization

PROBLEM

The aging electric grid is becoming strained by increasing demand for electricity (from data centers, EVs and advanced manufacturing), intermittency from renewables and extreme weather, leading to inefficiencies, congestion, and reliability challenges

Illustrative investment thesis:

SOLUTION

Grid enhancing technologies, which range from advanced metering, conductors, and sensors to software and hardware-driven optimization solutions, unlock capacity, flexibility, and resilience and enable cleaner, more reliable, and less expensive power

Industrial decarbonization

Technologies and services that target hard-to-abate industries with solutions that enhance the efficiency, reliability and sustainability of industrial systems

SOLUTION

Industrial decarbonization technologies, ranging from high-efficiency motors and electrified heating systems to industrial heat pumps, thermal storage, and carbon capture, can reduce energy consumption and cost by more than 30% and drive step-change reductions in carbon intensity

PROBLEM

Heavy industry accounts for nearly a third of US power consumption and most facilities rely on fossil-fuel-intensive heat and outdated equipment leading to waste, high energy costs, and exposure to carbon and regulatory risk

Illustrative investment thesis:

Digitization

Technologies that reduce end user demand via software, technological improvements, automation, or system integration

SOLUTION

Technologies like energy management systems and digital twins for process optimization can reduce consumption and cost by more than 30%

PROBLEM

The built environment accounts for ~40% of all U.S. energy use

Illustrative investment thesis:

Data center power & efficiency

Hardware and software solutions that reduce energy consumption and optimize resource efficiency

PROBLEM

Traditional air-based-cooling solutions account for 40% of data center energy use, and they are rapidly reaching their technical limitations in managing the rising thermal densities of advanced AI processors 

Illustrative investment thesis:

SOLUTION

New liquid cooling technologies, such as direct-to-chip and immersion liquid cooling solutions can reduce energy usage by up to 50% and increase power availability to enable additional compute capacity