CURRENT INVESTMENTS

WAVE’s portfolio companies are deploying transformational technologies across GLOBAL markets TODAY, creating massive environmental and financial impact. They recognize that success requires commitment, economic use of resources, smart adaptation, and winning collaborations.

AeroSafe Global makes the world’s best insulation material with a 10x performance increase and is a leading supplier of insulated shipping solutions. Customers, which include major pharmaceutical companies as well as food companies, use the product to store and ship biologics and perishable food products, reducing their cost and eliminating losses by preventing spoilage. This product is the cheapest source of ‘negawatts’. Ten standard-sized refrigerated warehouses fitted with this insulation will reduce GHG emissions equivalent to taking 3 million vehicles off the road.

CHASM has commercialized the world’s first platform for developing flexible and transparent IoT sensors, wearables, antennas, and 3D touch surfaces. The company addresses several multi-billion dollar global markets. These include:

  • Transparent conducting films for displays, touch screens, and interactive windows
  • IoT sensors (pressure, flow, temperature, gas emissions), antennas, and signal boosters
  • Wearables (biometric sensors for live monitoring of health indicators, as well sports and entertainment), and
  • Water filtration membranes, energy storage materials, etc.

Billions of new IoT devices and transparent conducting films are deployed each year. CHASM makes these components more durable, unobtrusive, scalable and affordable.

Carbon Clean is a global leader in CO2 capture and industrial decarbonization. Its proprietary chemicals and smart factories drive the cost of carbon capture to the lowest levels at which carbon capture and recycling becomes a profitable activity. Captured CO2 is readily used in applications such as indoor farming, building materials, consumer products, and transportation fuel. Industrial emitters now have a profit incentive to maximize carbon capture rather than adhere to minimum policy mandates, and stimulate a global trillion-dollar negative carbon economy.

Gradiant has commercialized a versatile and cost-effective set of technologies to purify wastewater, especially those containing high concentrations of salt and other dissolved impurities. Their proprietary process avoids the use of chemicals or membranes, and is admirably flexible for recycling toxic water produced by industries such as oil and gas, power and mining. The company is developing and operating several commercial scale plants that reduce capital and operational costs and also conserve water.

Intellihot makes the world’s most efficient industrial water heaters that never run out of hot water, and are installed by large establishments like hotels, restaurants, high rise buildings, and multifamily residences. These tankless, natural gas heaters reduce capital, installation and energy costs by 40%, and offer smart features such as built-in modularity, self-cleaning, IoT connectivity, and industry’s longest durability. International hotel and retail chains have pre-approved and specified its products for system wide adoption.

Heatworks makes world’s most advanced and reliable electric water heaters for residential use. Its tankless units have no heating elements or moving parts, and offer industry-best 99% efficiency, zero scaling, maintenance free operation, longest product warranty, and WiFi-monitoring – all for a lower price. The product has been embraced by some of the largest retailers and installers including Lowe’s and Google Nest, and is also being deployed at multi-housing apartment buildings.

Living Greens Farm operates efficient and proprietary aeroponic farms, growing leafy crops such as lettuce, spinach, kale, microgreens, and herbs. Its farms use 98% less land, 95% less water than traditional farms, and completely eliminate pesticides, and herbicides. The fresher, tastier and more nutritious produce is sold at competitive prices through some of the largest grocers using existing distribution channels, a feat that no other hydroponic company has achieved due to their high costs. The company is rapidly growing, and already operates one of the largest indoor farms in the country.

Lionano has split into two companies. One manufactures proprietary cathode materials that improve energy density, cost, durability and safety of lithium ion batteries. The other is developing solid state batteries (SSB) in partnerships with some of the leading car and battery makers in the world. The solid state architecture, besides making the batteries more energy dense and cheaper, also makes them incombustible and absolutely safe even at high temperatures. Both products are addressing large market opportunities in electric vehicles (EVs), mobility, and grid energy storage.

Micatu is a next-generation optical sensing solution provider for the measurement of voltage, current, vibration and temperature for the advanced electrical grid of the future. Its solutions provide the highest data fidelity, accuracy, precision and next level harmonics measurements. Micatu’s Gridview utility platform solution enables lower-cost deployments, maximizes the integration of renewable energy and data awareness for grid resilience. Its Gridview products are currently deployed with major utilities in the US and Europe. A customer attests, “Through their technology, Micatu is fundamentally changing the way the world senses with light.”

WindESCo has developed proprietary sensors and analytics that optimize energy efficiency and operational health of wind turbines. The wind industry is facing multiple headwinds including eroding profits, slowing growth, declining policy incentives, and premature failure of key components. WindESCo measures and analyzes performance in real time and recommends actions to improve profit margins by 100% or more, fix yaw and pitch misalignments, reduce stress on the blades, and cut component failures and maintenance costs. Their solutions are already deployed in a few dozen wind farms.