Ice Energy has been financed through the private sale of common equity and preferred stock.
In late 2008, the company raised $37 million in its Series B round, bringing the total capital raised to $74.4 million. The investment, led by Energy Capital Partners, also provides for up to $150 million in project capital for the deployment of multiple utility-scale energy storage projects utilizing Ice Energy technology.
Our world-class investors include:
Energy Capital Partners
Energy Capital Partners is a private equity firm with offices in Short Hills, New Jersey and San Diego, California. Energy Capital Partners is dedicated to investing in the power generation, electric transmission, fuel handling, midstream gas and renewable sectors of North America’s energy infrastructure. The fund’s management has substantial experience leading successful energy companies and energy infrastructure investments.
Goldman, Sachs & Co.
Goldman Sachs is a leading global investment banking, securities and investment management firm that provides a wide range of services worldwide to a substantial and diversified client base that includes corporations, financial institutions, governments and high net-worth individuals. Founded in 1869, it is one of the oldest and largest investment banking firms. The firm is headquartered in New York and maintains offices in London, Frankfurt, Tokyo, Hong Kong and other major financial centers around the world.
Good Energies
Good Energies is a member of the COFRA group and a leading investor in the renewable energy industry. Its globally invested portfolio has a market capitalization of over USD 3 billion. Good Energies contributes to the challenge of sustainable energy transition through its investments in leading solar photovoltaic companies, wind energy developers and other renewable energy technologies. Its policy aims to provide long-term strategic investments in partnership with companies developing the technologies of the future.
Sail Venture Partners
SAIL Venture Partners, L.P. is a national venture capital firm with offices in Southern California and Washington, D.C., The firm invests primarily in early-stage companies in the Energy/Cleantech sector
Second Avenue Partners
Second Avenue Partners is a Seattle-based provider of management, strategy, and capital for early stage companies. The partners invest their own money, typically directed at emerging Internet businesses in the high-tech field. Second Avenue Partners' investment approach is to make early-stage investments in promising ventures and build long-term relationships, actively assisting its portfolio companies in becoming market leaders.
The firm seeks strong entrepreneurial teams, innovative concepts with market-disruptive opportunities, and models that take advantage of cutting-edge technologies.