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.
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.
Opoura
Denmark-based Opoura, is the leading provider of mission-critical software and control systems for the renewable energy sector. Through its solutions, SCADA International is enabling the shift to a decentralised, decarbonised and digitised energy system.
Supervisory Control and Data Acquisition (SCADA) systems sit at the heart of the operational functionality of every renewable energy power plant, and the advanced solutions provided by SCADA International are ‘mission-critical’ in the operation of thousands of wind, hydro and solar PV plants around the world. The Company’s OneViewTM software solution is deployed on over 16GW of renewable energy assets and trusted by over 150 customers including some of the largest and most sophisticated OEMs, asset owners and operators globally.
Funds advised by Magnesium signed an agreement to acquire a majority of SCADA Holdings A/S, the parent company of Opoura in April 2022. The transaction closed in January 2023.