Enabling Technologies for the Energy Transition
We invest in technology businesses and tech-led service companies that are enabling the Energy Transition in these areas
We seek to invest in growing businesses with these attributes
High-calibre management team who value an experienced and engaged investor.
Differentiated position in the Energy & Infrastructure technology space.
Proven technology or tech-led service with strong growth prospects, clear value proposition and strong unit economics.
European-headquartered companies with potential for international expansion.
ABEC
UK-based ABEC is a leading provider of Building Management (BMS) and Electrical Power Monitoring (EPMS) solutions for data centres and other end markets in the UK, Europe and other international markets.
ABEC supports critical infrastructure owners and operators across the full lifecycle of their assets, from design & engineering through to installation, commissioning and ongoing maintenance & optimisation for both greenfield and brownfield applications. With over two decades in operation, ABEC has delivered over 600MW of capacity for some of the world’s leading hyperscalers and co-location data center owners.
Funds advised by Magnesium acquired a majority of ABEC Group in June 2025.
Inopower
Based in Aalborg, Denmark, Inopower is a leading provider of E-Boilers and Power-to-Heat Solutions. With installations across a number of European countries, Inopower’s technology is supporting the electrification, digitisation and decarbonisation of district and industrial heating, which today is highly dependent on fossil fuels.
Inopower has deployed over 2,000MWs of heating capacity across Europe – equivalent to more than 4.5 terawatt-hours of heat and enough to satisfy the annual heating demand of 460,000 homes. By electrifying the production of heat, Inopower is able to drive down the consumption of fossil fuels, which currently accounts to over 60% of the total energy used for heating. In 2023, Inopower’s systems will reduce greenhouse gases by 1.3 million tonnes of CO2e.
Inopower’s digital offerings and control solutions are used by utilities and energy traders across Europe to provide ancillary services to the electricity grid, resulting in additional revenues and increased grid stability. As the installed capacity of distributed renewable energy continues to increase, Inopower’s flexibility solutions will play an even more important role in maintaining a balanced grid.
Funds advised by Magnesium signed an agreement to acquire a majority of Inopower A/S in April 2023. Transaction closed in August 2023.