February 1st, 2016 - San Diego, California – EnerTech Capital (“EnerTech”) is pleased to announce today that Southern California Gas Company (SoCalGas) has become a Strategic Partner with the firm. The objective of the collaboration is to advance natural gas technologies with improved emissions performance and enhance the safe and efficient operation of the natural gas system. The two groups will share knowledge and explore new commercialization strategies for technologies with potential to be deployed in Southern California through EnerTech's global network of venture-stage opportunities in the energy technology industry.
SoCalGas joins several other Strategic Partners/LP?s working with EnerTech which include; Advanced Emission Solutions (AES), Newalta, Hatch, Waste Management (WM), ENGIE (formerly GDF SUEZ)), Dow Chemical, Hydro Québec and Sacramento Municipal Utility District (SMUD).
The collaboration ties in closely with EnerTech?s history in the energy industry. EnerTech was originally founded in 1996 and has been successfully investing in the energy technology sector since that time and has invested in 62 companies. The firm is investing from its fourth Fund of just under $120 Million and EnerTech will continue to follow the firm?s strategy of making investments more broadly across the energy sector, including its focus on gas technologies. EnerTech is focused on investments across North America and has offices in Toronto, Calgary, Montreal, Philadelphia and Menlo Park.
“We are very excited to announce the strategic partnership with SoCalGas. SoCalGas is a leader in advancing new technologies that create environmental and operational benefits. We believe this strategic collaboration will lead to many opportunities for partnerships with our existing portfolio companies and potential co-investments between EnerTech and SoCalGas”
Wally Hunter – Managing Director, EnerTech Capital
“We are pleased to be collaborating with EnerTech. The firm is a leader in identifying emerging technologies within our areas of focus. Their long history and domain expertise in clean energy will help us continue to find technologies that meet the unique requirements of our region for clean air, addressing climate change and improving our core operations. We look forward to working with EnerTech and their global network of innovative companies.”
Jeff Reed – Director of Business Strategy and Advanced Technology, SoCalGas
About EnerTech Capital EnerTech Capital is a private investment firm focused on innovation in the energy and power industries: early to mid-stage companies that offer products or services that dramatically improve the profitability of producing or consuming energy. Founded in 1996, the firm has managed approximately $500 million and has delivered 32 exits. EnerTech Capital is currently investing out of its fourth fund and has offices in Philadelphia, Toronto, Montreal, Calgary and Menlo Park.
FOR MORE INFORMATION:
CONTACT: Wally Hunter: 416-363-8563, firstname.lastname@example.org
About Southern California Gas (SoCal) As the nation's largest natural gas distribution utility, we provide safe and reliable energy to 21.4 million consumers through 5.9 million meters in more than 500 communities.
Our service territory encompasses approximately 20,000 square miles in diverse terrain throughout Central and Southern California, from Visalia to the Mexican border.
SoCal Gas is a regulated subsidiary of Sempra Energy (NYSE: SRE). Sempra Energy, based in San Diego, is a Fortune 500 energy services holding company. For more than 140 years, SoCal Gas has served Central and Southern California as a responsible and engaged environmental leader, employer and neighbor.
With safe, clean, affordable, reliable and abundant domestic sources of natural gas, SoCalGas' innovation is fueling new possibilities in California.