Phase One Lionheart Valuation, Funding & Investors

Mainspring Energy is a San Francisco-headquartered clean energy company manufacturing linear generators that convert natural gas, hydrogen, and biogas into electricity at 50% efficiency. Its modular systems provide onsite power for data centers, factories, and utilities, emitting 70% less CO2 than reciprocating engines. Emerging from stealth in 2022, the firm raised $300 million to scale production in Menlo Park.

Qiyuan Core Power Technology is a green energy provider developing wind farms and solar projects in Inner Mongolia and Shandong provinces of China. Beijing-headquartered, the company operates facilities with combined capacity surpassing 2 gigawatts and supplies power to State Grid Corporation.

Chint New Energy is a Shanghai-headquartered clean energy arm of Chint Group that handles photovoltaic project development, engineering procurement construction, and operations maintenance for solar and wind farms across Asia, Europe, and the Americas.

XPLR Infrastructure LP is formed to acquire, manage, and own contracted clean energy projects. It owns interests in wind and solar projects in North America, and natural gas infrastructure assets in Texas. The Renewable energy assets of the company consist of wind, solar, and solar-plus-storage projects and a stand-alone battery storage project, as well as contracted natural gas pipeline assets.

Climeworks is a Zurich-based direct air capture company operating modular plants like Orca and Mammoth in Iceland. The technology extracts CO2 from ambient air for permanent underground storage via mineralization with Carbfix, serving corporate net-zero commitments under Puro.earth certification standards.

Amarenco is a Dublin-headquartered independent power producer specializing in solar photovoltaic projects. The company develops, finances, constructs, and operates utility-scale ground-mounted installations and commercial rooftops throughout France, Italy, Portugal, Spain, the United States, and Australia. Amarenco maintains a substantial development pipeline targeting key solar markets while leveraging its executive team's expertise from major energy firms in renewables infrastructure.

Ample is a San Francisco-based developer of modular battery-swapping systems for electric vehicles. Its stations recharge batteries in under five minutes without civil construction, supporting models from Uber, Mitsubishi Fuso, Stellantis, and Yamato through plug-and-play architecture. Ample integrates off-grid renewable charging and deploys automated urban stations for fleets and cities.

Gradiant is a Boston-headquartered cleantech company developing water treatment solutions for industrial sectors including microelectronics, pharmaceuticals, food and beverage, lithium extraction, and renewable energy. Its Carrier Gas Enhanced Separation technology removes contaminants from wastewater, enabling zero liquid discharge compliance. Deployed in facilities across Asia, Europe, and North America, Gradiant serves clients like Samsung and PepsiCo with modular systems for ultrapure water production and resource recovery.

Hero Future Energies is a renewable energy developer within India's Hero Group, generating solar, wind, and hybrid power for commercial and institutional customers. Headquartered in New Delhi, HFE operates over 3 GW capacity across Rajasthan, Karnataka, and Andhra Pradesh, supplying clean electricity under long-term PPAs. The company supports Renewable Purchase Obligations for industries, schools, and government bodies through rooftop solar and open-access models. Established in 2012, Hero Future Energies partners with GE Renewable Energy for turbine installations and Siemens Gamesa for wind projects.

Ohmium is a manufacturer of proton exchange membrane electrolyzers for green hydrogen production. The Hyderabad-based company produces standardized modular stacks generating high-purity hydrogen at pressures up to 30 bar, scalable from 1.25 MW to multi-gigawatt plants. Ohmium's technology features advanced membrane durability and low iridium loading, deployed in projects across India, the United States, and Europe. Partnered with Invenergy for utility-scale facilities, the firm supports industrial off-takers in ammonia and methanol synthesis.

Palmetto is a New York City-headquartered clean energy company financing and installing solar panels, battery storage, EV chargers, and heat pumps for over 100,000 U.S. homes and businesses. Launched in 2017 from Charleston, South Carolina, it raised $1.5 billion in funding by 2023 and partners with retailers like Lowe's and wholesalers to distribute its financing platform nationwide. The firm integrates software for energy monitoring and offers leases with zero upfront costs.

Radia develops aerial transportation technology for onshore wind energy maintenance. The company's drone systems enable faster inspections and repairs of turbine blades, reducing downtime and costs compared to crane-based methods. Radia operates from the United States, targeting wind farm operators in North America and Europe to deliver greener electrons through efficient turbine uptime.

SKIO Matrix is a Beijing-based clean energy firm specializing in electric vehicle customization, urban mobility networks, and mobile power grids. The company manufactures power batteries and operates China's largest electric vehicle service network. SKIO Matrix extends into network management and nationwide deployments for urban transportation upgrades.

Jiangsu Zongyi Co Ltd is a China-based supplier of solar photovoltaic (PV) system integration and the operator of PV power plant construction. The company has built and operated photovoltaic power plants in different countries such as the United States, Germany, Italy, Czech Republic, Bulgaria, and others.

Banpu Power PCL is engaged in investments in power businesses in Thailand and overseas. The business activities of the group include the generation and sale of electricity and other related business. The company's business segments include Energy Generation and Energy Technology. The Energy Generation segment operates in electricity generation which consists of thermal and renewable energy both domestic and overseas. The Energy Technology segment operations comprise solar rooftops, electric vehicles, energy storage, and energy management systems. Geographically, the company has its presence in the United States which is the key revenue driver, China, and other regions.

Greencoat Renewables PLC is a sector-focused listed renewable infrastructure company, investing in renewable electricity generation assets. The Group is engaged in a single segment of business, being investment in renewable infrastructure to generate investment returns while preserving capital. The Group presents the business as a single segment comprising a homogeneous portfolio. It geographically operates in the Republic of Ireland, Germany, France, Sweden, and Spain.