Kraken Valuation, Funding & Investors

Nextpower (and its subsidiaries) is a leading provider of intelligent, integrated solar tracker and software solutions used in utility-scale and distributed generation solar projects around the world. Nextpower's products enable solar panels in utility-scale power plants to follow the sun’s movement across the sky and optimize plant performance. Nextpower has operations in the United States, Mexico, Spain and other countries in Europe, India, Australia, the Middle East, Africa, and Brazil.

Shanghai Baosight Software Co Ltd is a Chinese software company that develops automation and software tools for various industries. The company operates through three segments: the Software Development and Engineering Services segment, the System Integration segment, and the Service Outsourcing segment. Its operations span across areas such as information technology, industrial automation, robotics, intelligent transportation, and information infrastructure. The company’s offerings are mainly applied in sectors including steel, non-ferrous metals, chemicals, mining, new materials, renewable energy, metalworking, equipment manufacturing, urban transit systems, and infrastructure development.

TGS ASA provides data, intelligence, ocean bottom node (OBN) acquisition services, processing, analytics, cloud-based data applications, and other specialized services and solutions to energy companies across the energy spectrum, whether it is oil and gas, carbon capture and storage, or wind development. Its reportable segments are divided into six overall business units: Contract, Multi-client, New Energy Solutions (NES), Imaging, Shared Services. It generates the majority of its revenue from Multi-client sales.

Ygsoft Inc supplies business management and social service information systems in China. It is focused on providing enterprise management software for the energy industry. The company offers a cloud platform, cloud services, big data service, blockchain services, group resource management, comprehensive risk management, asset lifecycle management and multi-project management.

Longshine Technology Group Co Ltd is engaged in the provision of software and IT services for the power and electricity industry. Its range of solutions in new energy and smart grid areas are electric vehicle smart charging service network operation management system; enterprise energy efficiency management system; wind power centralized monitoring system; smart electric substation; and mobile internet payments through Alipay.

PSI Software SE is a software producer in process control and information systems. Its core business consists of process control and information systems for managing energy and material flows in industries tailored to the electricity, gas, oil, and district heating sectors, engineering, automobile, and automotive supply and logistics sectors. The company's segments include Energy Management, which offers intelligent solutions for utility companies in the electricity, gas, oil, and water sectors; the Production Management segment provides solutions for planning and controlling production processes in metals production, logistics, mechanical engineering, and automotive manufacturing. It generates maximum revenue from the Energy Management segment.

Chrysos Corp Ltd is an Australian-based provider of novel assay services to the international mining industry through its proprietary PhotonAssay technology. The company's flagship product, PhotonAssay, delivers accurate and environmentally friendly analysis of gold, silver, and complementary elements. The Group has three reportable segments, namely, EMEA, APAC, and the Americas, where the majority of revenue is generated from Australia. The Group generates revenue mainly from the deployment of PhotonAssay units with its customers.

Zhejiang Netsun Co Ltd is a high-tech enterprise specializing in Internet information services, e-commerce, professional search engines and enterprise application software development.

Hansen is a technology company providing software and services to the energy and utilities, and communications sectors throughout the developed world. Hansen’s products primarily relate to billings and adjacent functions, such as customer quotes, order capture, customer data management, and customer service. Additionally, Hansen has products assisting companies with developing new products, fulfilling orders, and managing various other operational processes.

Aurora Solar is a San Francisco-based developer of cloud software for solar photovoltaic design and sales headquartered in the United States. Its platform automates site analysis, 3D modeling, financial proposals, and permitting for installers, integrating with CRM systems like Salesforce and Enphase hardware. Adopted by over 5,000 companies, it optimizes layouts for rooftops and ground mounts.

MBB SE is a medium-sized, family-owned company specializing in the acquisition and management of medium-sized industrial companies with considerable technology and engineering expertise. It concentrates on energy transition, e-mobility, cybersecurity, and ecological materials through its subsidiaries. The MBB Group comprises the following reportable segments: Friedrich Vorwerk, Aumann, DTS, Delignit. Aumann AG: Specialized in e-mobility and automation, Friedrich Vorwerk: Focused on energy infrastructure, including gas, power grids, and hydrogen. DTS IT AG: Provides cybersecurity and cloud computing services. Delignit AG: Produces ecological hardwood-based materials and Hanke Tissue: Produces consumer goods like mattresses and tissue paper.

Neara is a Sydney-headquartered provider of 3D predictive modeling software for electric utilities. The platform simulates weather events, vegetation growth, and asset failures on overhead networks, deployed by Ausgrid and Essential Energy for risk assessment and maintenance planning.

Asuene is a Tokyo-based SaaS provider for carbon management and ESG reporting serving Japanese corporations in manufacturing and finance. Its Sustana platform automates Scope 1-3 emissions calculations compliant with SBTi and TCFD standards. Asuene integrates with SAP, Oracle, and procurement systems for supply chain decarbonization. The company facilitates carbon credit trading via its EX marketplace with J-Credits. Founded in 2021, Asuene supports over 300 clients including Toyota and Mitsubishi UFJ toward net-zero targets by 2050.

Hanyang Eng Co Ltd is engaged in the construction business. It offers construction of information technology facilities, industrial facilities, biopharmaceutical facilities, solar polysilicon production equipment, nuclear and aerospace facilities and others. It also manufactures and installs central chemical supply systems (CCSSs) and total chemical management systems (TCMS), which are used in semiconductors, displays, solar energy facilities and others.

Tongwei is the world's largest polysilicon producer and a leading solar cell and module supplier. The solar business contributed more than 60% of revenue in 2024. In addition, Tongwei runs a feed and food business, which made up 35% of revenue in 2024.

Redwood Materials is a Carson City, Nevada company that recycles lithium-ion batteries and battery manufacturing scrap, refines the recovered metals and produces battery materials, and has expanded into grid-scale energy storage built from retired electric vehicle batteries. It was founded in 2017 by JB Straubel, a co-founder and former chief technology officer of Tesla, and processes scrap from Panasonic's Nevada battery plant. Customers buy recovered cobalt, nickel, copper and lithium and cathode active material produced at its Nevada and South Carolina sites. Investors include Capricorn, Breakthrough Energy Ventures, Amazon's Climate Pledge Fund, T. Rowe Price, Goldman Sachs Alternatives, Baillie Gifford, Eclipse, NVentures and Google. It raised a Series E of 425 million dollars that closed in January 2026 at a valuation reported above 6 billion dollars, and it reported about 200 million dollars of revenue in 2024. In 2023 it bought the German recycler Redux Recycling to start European operations.

Jinko Solar is the largest Chinese solar module manufacturer by global shipment in 2024. Jinko's products are distributed across nearly 200 countries and regions. The company operates a vertically integrated production process, spanning from solar wafer and cell manufacturing to module production. Jinko's N-type cell capacity is industry-leading in scale.