Current Investments 2017-10-20T18:47:42+00:00


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.

American Aerogel 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.

CEO: Jay McHarg, HQ: Rochester, NY
WAVE Partners: Mark Robinson and Joe Stanislaw

Green Conversion Systems provides comprehensive design/build/finance/operate delivery solutions by utilizing the world’s most advanced commercially proven technologies for municipal waste recycling and processing. The end product is a renewable fuel that substitutes coal feedstock in traditional thermal power plants which, besides generating renewable baseload power, also reduces CO2 emissions by 20% and other toxic emissions by 60-80%. The company is currently executing on a set of private projects on both coasts of the US in partnership with waste hauling companies and landfill operators.

CEO: Mark Nydam, HQ: Rye, NY
WAVE Partners: Mark Robinson and Joe Stanislaw

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.

CEO: Anurag Bajpayee, HQ: Boston, MA
WAVE Partners: Charlie Bridge and Haskell Crocker

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.

CEO: Sridhar Deivasigamani, HQ: Galesburg, IL
WAVE Partners: Praveen Sahay and Haskell Crocker

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.

CEO: Jerry Callahan, HQ: Charleston, SC
WAVE Partners: Haskell Crocker and Mark Robinson

Lionano manufactures and sells proprietary cathode materials that increase the energy density of rechargeable lithium-ion batteries by more than 50%, and simultaneously improves their cost, durability and safety. These characteristics make their materials especially useful for batteries used in mobile devices and electric vehicles (EVs) – rapidly growing markets expected to reach $75 billion by 2020. The company currently has a commercial production facility, and is expanding its capacity to fulfill accelerating demand from OEM customers.

CEO: Alex Yu, HQ: Cambridge, MA
WAVE Partners: Praveen Sahay and Charlie Bridge