SWAN-supported Skyven Technologies awarded $145 Million Grant from U.S. Department of Energy

SWAN is thrilled to share that Skyven Technologies, an Energy-as-a-Service (EaaS) company pioneering steam generating heat pump technology and a company in the SWAN investment portfolio, has been selected for award negotiations up to $145 million from the Department of Energy (DOE) Office of Clean Energy Demonstrations (OCED). The unprecedented funding will address critical climate challenges by accelerating the installation of cutting-edge Skyven Arcturus industrial steam-generating heat pumps (SGHPs) at manufacturing facilities across the United States.

Skyven’s innovative work to reduce greenhouse gas emissions from industrial plants will remove 400,000 metric tons (MT) of CO2 annually.


“The U.S. Department of Energy announced it has selected 33 projects from more than 20 states that will be awarded up to $6 billion to jump-start the elimination of carbon dioxide emissions from industries that are hard to adapt to green technologies. The projects will match federal monies to invest more than $20 billion toward commercial-scale decarbonization solutions for cement and concrete, chemicals and refining, metals including iron and steel, pulp and paper mills, and so on. The projects are funded by the Bipartisan Infrastructure Law and Inflation Reduction Act, and will create tens of thousands of jobs. The Department of Energy estimates that the funded projects will cut carbon emissions by an average of 77%.”


Read the Press Release


SWAN participates in Vartega’s recent $10M funding round

SWAN is pleased to announce participation in Vartega’s recent $10M preferred equity financing round led by Diamond Edge Ventures, the corporate venture capital arm of the Mitsubishi Chemical Group (MCG).

Vartega’s proprietary recycling processes enable the recovery and conversion of high-performance carbon fiber used in advanced materials for aerospace components, automotive parts, and wind turbine blades. The company’s innovative approach reduces waste and provides manufacturers with a sustainable source of high-quality recycled carbon fiber via Vartega’s EasyFeed Bundles known as Fenix Fiber and Fenix Fiber+™.

More about this latest funding round can be found HERE.

This round marks the third time SWAN members have invested in Vartega, with previous rounds being in 2021 and 2023.

SWAN announces its fourth investment in Elevation (Curb)

The SWAN Impact Network is pleased to announce a follow-on investment in the recent convertible note round for Elevation Home Energy.

With a goal to make homes more energy efficient and reduce greenhouse gases, Elevation (which purchased SWAN portfolio company Curb Energy in 2020) offers a unique combination of solar, energy efficiency, and energy monitoring technology to provide homeowners with the most complete solution for smarter home energy with lower carbon usage. Curb connects to a home’s electrical system to give real-time data that enables a homeowner to make smarter decisions about how energy is used in their home.

SWAN first invested in Curb in 2019 and has continued to invested in private company Elevation after Elevation acquired Curb in 2020.

SWAN announces investment in Aiki

SWAN is pleased to announce an investment in Aiki, an app that harnesses technology for two-way communication in school safety situations.

Aiki’s app safeguards school campuses from active shooters, providing rapid alerts, training, and coaching for students. In less than 4 seconds, the system’s advanced algorithms deliver critical lockdown instructions and real-time crisis maps, allowing first responders to pinpoint areas requiring immediate attention through heat maps. The app also allows two-way communication between building occupants and first responders, enhancing response accuracy and efficiency.

SWAN announces follow-on investment in Eisana

SWAN Impact Network is pleased to announce a follow-on investment in Eisana.

Eisana is an oncology solution company providing a platform for multiple products to address cancer treatment issues, including a patent-pending, cryo-compression device for hands and feet to wear before, during, and after infusion to prevent chemotherapy-induced peripheral neuropathy.

They are also developing a patent pending, state-of-the-art scalp cooling device to wear before, during, and after infusion to prevent chemotherapy-induced hair loss. The device is portable and can cool for long periods of time, necessary to have success even for drugs that take longer to leave the body.

SWAN previously invested in the company earlier in 2023.

SWAN announces participation in Yotta Energy’s recent $8M Funding Round

SWAN Impact Network is pleased to announce participation in Yotta Energy’s recent $8M funding round led by Evergy Ventures and with participation from strategic investors BlueScope and Cricetus Felix Ventures and existing investors Copec WIND Ventures, EDP Ventures, Doral Tech Ventures.

Yotta Energy, a leading provider of innovative solar+storage solutions, will use the funding to help the company scale up manufacturing and accelerate the deployment of its SolarLEAF battery technology for commercial buildings.

More about the latest funding round can be found HERE.

SWAN participated in previous funding rounds with the company in 2019, 2020, and 2021.

​SWAN announces participation in Advanced Ionics’ $12.5 M Series A Round

SWAN Impact Network is pleased to announce a follow-on investment in Advanced Ionics’ recent Series A Round.

Advanced Ionics, which develops a new category of hydrogen electrolyzers useful for expanding green hydrogen production, recently closed a $12.5 million Series A funding round led by bp ventures, with additional investors including Clean Energy Ventures, Mitsubishi Heavy Industries, and GVP Climate.

The new funding round will help catalyze Advanced Ionics’ growth and facilitate the initial deployment of its Symbion water vapor electrolyzer technology for heavy industry. And water vapor electrolyzers address two of the biggest obstacles to expanding green hydrogen production: cost and electricity requirements.

More about the latest funding round can be found HERE.

SWAN participated in earlier funding rounds of the company in 2021.

SWAN Welcomes Todd Litton as New Houston Chapter Lead

SWAN is thrilled to announce Todd Litton as the new Houston Chapter Lead. For more than 20 years, Todd has worked in the Houston region in and across the legal, business, nonprofit/education, and political sectors. He has been able to leverage his extensive experience and expertise across these sectors to innovate and formulate partnerships and pathways that led to positive results for organizations and the community as a whole. Todd earned his B.A. degree from Duke University, his J.D. from The University of Texas School of Law, and his MBA from Rice University. He met his wife Jennifer Litton, a breast cancer doctor and researcher, at Duke. They live in the Rice/Medical Center area with their three children (though two have recently started college) and their dog. Todd believes the Houston region and its people are perfectly positioned to invest in and nurture the development of companies and entrepreneurs and is excited to focus on building the SWAN network in Houston.

Interim Houston Chapter Lead Valerie Tompson will continue her valuable contributions to SWAN as the Director of Communications.

​SWAN announces follow-on investment in Hubly Surgical

SWAN is pleased to announce follow-on funding in Hubly Surgical, which recently raised $3 million in an oversubscribed Funding Round.

In May 2023, Hubly Surgical announced that HUBLY DRILL, the first and only single-use cranial drill with advanced features for safety and efficiency in any setting, is FDA-cleared and now available for sale. Read more HERE.

Following FDA Clearance, this investment comes primarily from the Hubly commission-only distributor sales force, pre-existing investors, and the neurosurgeons and physicians who share the company’s vision.

SWAN previously invested in Hubly in 2021.

​Aiqueous merges with Apogee Interactive to Create First-in-Class Utility Customer Engagement Platform

SWAN portfolio company AIQUEOUS – a provider of customer relationship and program management software – and Apogee Interactive – a provider of customer engagement, education, and communication software – have combined to create a premier customer relationship & engagement platform for utilities and utility service providers. The unified entity is backed by M33 Growth, a growth-stage investment firm that partners with founders and management teams who have bootstrapped their businesses to a point where they are aiming to break through as market leaders.

“We believe that M33 is the perfect fit for AIQUEOUS as an equity partner,” said Jonathan Kleinman, CEO of AIQUEOUS. “By recognizing the value of our team, understanding the systems and support for our business stage, and experience scaling SaaS businesses, we believe that M33 provides the resources needed to achieve our mission and vision.”

More about this merger can be found HERE.

Aiqueous became a SWAN portfolio company in 2017.

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