Galvanize

Galvanize Innovation and Expansion portfolio company, Octopus Energy is spinning off its AI-powered software platform, Kraken. Serving companies with over 75 million customers and counting, Kraken’s digitalization and transformation platform enables utilities to bring the benefits of the energy transition - flexibility, affordability and innovation - to millions of ratepayers across 27 countries. The spin-off is designed to allow Kraken to accelerate investments into its technology, expand into new energy markets and regions, and drive innovation – all while building on its utility roots. Learn more about Octopus Energy’s plans for Kraken at The Wall Street Journal https://lnkd.in/ea-CmFR5

Galvanize is expanding our platform with the launch of Credit and Capital Solutions, meeting investor demand for private financing across the full energy transition value chain. The strategy is led by John Delaney and Chris Creed, two leaders with deep expertise in energy and capital markets. We believe the recent federal tax and spending legislation is creating a market dislocation. While it may slow renewable deployment, demand isn’t going away. If anything, we believe it’s accelerating with greater demand from electrification, AI, and manufacturing reshoring. As deployment costs rise, capital providers without domain expertise will pull back. We believe this creates an opening for focused players like Galvanize. We pair deep sector knowledge with flexible financing and support for companies to bridge the gap to bankability. Read more about the strategy and why Galvanize is uniquely positioned to lead in this moment: https://lnkd.in/exeVRweT

Between now and 2030, we expect $5.6 trillion a year to be invested in infrastructure like renewables, transmission, manufacturing, and electrification, with 60% of that coming through credit. That’s why we’re launching Credit and Capital Solutions, a strategy built to meet rising energy demand, shifting supply chains, and the boom in manufacturing. Anchored by a $1.3 billion investment program from a leading institutional investor, the strategy is chaired by Managing Partner, John Delaney, former Member of Congress and founder of several large scale specialty lending companies, and co-led by Managing Partner Chris Creed, who spent 20 years at Goldman Sachs and most recently served as the Chief Investment Officer of the U.S. Department of Energy's Loan Programs Office. It also includes three other partners: former Riverstone Managing Director with Meghan Pasricha, former Farallon special situations investor Anatoly Bushler, and Suresh Vasan who was previously a Managing Director at GE Energy Financial Services. View the press release here to learn more: https://lnkd.in/exeVRweT

U.S. electricity demand is surging, driven by AI, electrified homes and vehicles, and domestic manufacturing. After two decades of flat demand, electricity use is projected to grow 25% by 2030 and 78% by 2050. This is expected to drive higher costs for consumers, as utilities race to build more generation. However, it also presents an opportunity to rely more on demand side management. According to ICF, demand response programs, energy efficiency efforts, and adding behind-the-meter capacity like rooftop solar and battery storage, can meet 10% or more of electricity demand by 2030. In addition to building new generation, we believe we also need to invest in the technologies that will enable greater grid flexibility to lower costs and deliver reliable power when and where it’s needed. https://lnkd.in/eKFpf7Vs

Global investment for new renewable energy development reached a record $386 billion in the first half of 2025, even as U.S. investment slowed. The message from global markets is clear: the energy transition is central to economic growth and global competitiveness. From manufacturing to AI infrastructure, the economies that scale renewables fastest will be best positioned to lead in the decades ahead. Read more from BloombergNEF: https://lnkd.in/duTyBEdA

Few leaders have shaped the global climate agenda as profoundly as Secretary John Kerry. From helping architect the Paris Agreement to forging new pathways for international climate cooperation, his leadership has defined an era. We’re honored to welcome Secretary Kerry, co-executive chair Galvanize, to our Watershed Summit at Climate Week NYC 2025. He’ll join Justin Worland, senior correspondent at TIME, for a fireside chat on the future of the climate economy, and how policy and business can accelerate the transition. It’s a rare opportunity to hear directly from a driving force in international climate diplomacy about what comes next for the clean energy economy. Sign up here to receive the video recordings after the event: https://lnkd.in/gTregtra

Our Innovation + Expansion portfolio company alcemy believes using predictive analytics can unlock data for cement producers to decarbonize their operations. 

The food and agriculture sector is increasingly exposed to climate, regulatory, and supply chain risks, but it’s also ripe with opportunity. Technology, market forces, and cost competitiveness are now reshaping the sector. We believe our portfolio companies Arable and Regrow Ag are reshaping the future of food and adding economic value. Learn more about our Innovation + Expansion strategy here: https://lnkd.in/eydFz5Md BloombergNEF: https://lnkd.in/eFzVYpsr

The global energy storage market is set to break records in 2025, even amid policy uncertainty in the U.S. and China. BloombergNEF projects strong growth through 2035, with utility-scale storage projects advancing not only in major markets, but also in countries like Saudi Arabia, South Africa, Australia, Chile, the Netherlands, Canada, and the UK. This is a huge win for the energy transition and a powerful market signal. As battery costs fall, renewables grow, and grids demand more flexibility, energy storage is moving from niche to a core pillar of modern energy systems. We’re backing the technologies that we believe are making this transformation possible and support the energy transition.

In 2024, the U.S. saved $24.1 billion in fossil fuel costs thanks to renewables. As clean energy displaces coal and gas, it does more than cut emissions. It lowers fuel costs, reduces grid balancing expenses, and improves grid resilience. And it reduces the need for costly infrastructure like pipelines, storage terminals, and thermal backups. Clean energy isn’t just cheaper, it’s building a better, more efficient energy system. International Renewable Energy Agency (IRENA): https://lnkd.in/dswC-NpT