This week, Southern Company, the founding member of venture capital firm Energy Impact Partners (EIP), announced the launch of EIP’s Flagship Fund, Fund II. The Fund received $1 billion in commitments and will focus on investing in venture and growth companies advancing critical climate solutions.
Through Fund II, Southern Company said it plans to continue working with EIP to identify cutting-edge technologies that advance the zero-carbon economy and address global decarbonization goals. This includes companies innovating across supply decarbonization, electrification, mobility, tech-enabled infrastructure, reliability and resilience and intelligent demand.
“As the founding partner of Energy Impact Partners, Southern Company continues to believe in the platform’s mission to find and nurture those companies aiding the world’s transition to a sustainable energy future. Equally important are the deeper conversations we are having with the portfolio companies around technology and business model innovation – we’ve engaged over half of the portfolio companies in those conversations. We see this as vital for the future of our business, our ability to achieve our sustainability goals and delivering the energy solutions our customers require,” said Christopher Cummiskey, EVP and Chief Customer Solutions Officer, Southern Company.
Fund II has already made significant investments in more than a dozen promising technology companies that are critical to accelerating the energy transition. EIP looks for inspired entrepreneurs that re-imagine the future and helps them scale leveraging its partner coalition.