OCTOBER 2026 UPDATES

FUND III

Launched in Illinois with multiple sites already under contract.

Hired a new COO (an Active Impact placement).

Signed a contract with a hyperscaler to assess building material supply chain and climate impact across their current and planned data center portfolio.

Signed a pilot with an open-source coding assistant used by 250K+ developers to serve its community from CarbonForge’s first public endpoint.

Sent out $800K in proposals, and had a research paper on seasonal forecasting accepted to the NeurIPS 2026 Foundational Model workshop.

Began a two-month seawater test of their uranium extraction at the University of Miami.

Reached 2.8 GW of contracted installations with three top-10 solar EPCs that will build six million solar panels in the next two years using Gritt’s robots.

Launched Jetson Drive, a fast EV charger that doesn’t require expensive panel upgrades, and Jetson Water, a heat-pump water heater that uses 75% less electricity than conventional electric storage heaters.

Launched the new algorithm behind Lumo Alerts, trained on over a billion points, improving their ability to detect even small leaks with the AI platform.

Advanced an important biomanufacturing partnership with ADM to unlock future production capacity. Named a top 3 finalist for the Rise Awards 'BC Food & Beverage Innovator of the Year'; the winner will be announced mid-November.

Renewed and expanded an existing customer from one to two regions for a 3X increase in contract value.

Began testing with a major channel partner.

Continued progress at the Milford pilot site with first power expected this month.

Completed third-party validation showing a 76% reduction in lightning activity across 182 treated storm cells. Finished operational pilot of Skyward's forecasting software with Alaska.

Closed deals with two Tier-1 utilities in the US and completed a full transmission expansion study that covered a 40 GW load queue and cut a 3-month planning cycle to 10 minutes.

Closed a partnership with SafeBoda in Uganda and grew their total waitlist to over 40K e-motorbikes.

FUND II

Added new customer logos Kagome and Holganix.

Signed a 1700 acre quinoa seed deal, which is nearly half their 2027 target.

Surpassed 20 million reusable units ordered and reached 5X YoY growth in their foodservice segment.

Closed $250K in new business.

Signed an additional $800K USD contract with RectorSeal.

Advanced a deal with a county in Colorado for a hydrogen station that will be awarded in January.

Announced a partnership with Harvey Hanna & Associates for rooftop community solar on 8 properties in New Castle County, Delaware that will produce over 19 mW per year. Launched 4 projects in California: 131 kW in Yucca Valley, 473 kW in Fresno, 307 kW in Tustin and 474 kW in Los Banos.

Signed a POV deal with one of the largest tech hardware companies in the world and projected $1.7 million in savings for Samtec for their hardware tolerance analysis.

Reached break-even for the first time in company history driven by growth in utility and VPP program revenue.

Confirmed a customer partner for a significant potential grant opportunity.

Announced a partnership with DMIx to enable textile suppliers to publish digital samples with one click in their Tengiva B2B storefront.

FUND I

Signed an expanded contract with Ecolab.

Colorado received federal authority (EPA primacy) to permit CO2 injection wells. Sterling Ethanol and Yuma Ethanol plan to store their emissions with Carbon America's Denova project, now under review by the state's ECMC. The two projects could capture up to about 480,000 tonnes of CO2 per year.

YVR Airport installed Canada’s largest ChopValue boardroom table, engineered from 72K recycled chopsticks.

Expanded two customers: a global renewables service provider extended coverage to a North American wind farm, and an Australian owner-operator added a new utility-scale wind farm.

Signed a new three-location pilot with a retail chain.

Generated 20 new opportunities from two technical webinars.

Signed their first utility partner in Atlantic Canada, Saint John Energy, to incentivize home EV charging with a free SWTCH Level 2 charger and earned rewards.