It doesn’t seem like it but EnerTech was formed as an independent venture fund on this day in 1996. I, and my team at the time, formed the predecessor to EnerTech as a corporate venture capital fund in 1994.
The below excerpt from the 1996 Atlantic Energy Annual report summarizes our thinking at the time. Many of the same points still hold true today! Although, I would argue that Innovation (capital “I” now) fills an even more important strategic role today as digitalization and the energy transition accelerate the need for new developments in areas such as the electrification of transportation.
I envision the next 25 years will be an even more fruitful investment environment in the sector!
- Scott Ungerer, Managing Director - EnerTech Capital