Rooted in KIRKBI’s purpose of building a better future for children, we want to support the transition to sustainable energy sources by reducing the world’s reliance on fossil fuels
Our investment approach
At KIRKBI Climate, we aim to make an impact on decarbonisation by building businesses within mature renewable technologies such as solar and wind. We also invest in emerging solutions, focusing on battery technologies, energy storage and power-to-x innovations.
Building on our ambition to drive impact within decarbonisation, we focus on three key areas to drive renewable energy adoption:
Growth Platforms
Building businesses that expand the production and practical use of mature renewable energy technologies.
Technology Developers
Investing in companies developing the next generation of energy and storage technologies.
Capacity Builders
Backing organisations that scale proven technologies to make them commercially viable and widely used.
Examples of our portfolio
Our Energy Transition portfolio consists both of companies with more mature technologies, such as Adapture Renewables Inc., a U.S.-based developer of solar facilities and energy storage, and new technologies that have moved beyond the prototype phase, such as Highview Power, where KIRKBI Climate joined a syndicate investing in building one of the world’s largest long-duration energy storage facilities.
See the full portfolio in our annual report
A vertically integrated solar developer and operator with a team of 64 FTEs managing over 30 solar projects across three US regions.
Offshore wind farm with a total capacity of 258 MW.
Long-duration energy company, specializing in liquid air technology, enhancing the flexibility, responsiveness, and reliability of renewable energy sources while ensuring grid stability.
Developer of hydrogen and clean materials technologies, such as carbon black and ammonia.
A case from our portfolio
Adapture Renewables Inc. – increasing capacity and building a solid pipeline in North America
Adapture Renewables, Inc. is a utility-scale solar and energy storage project developer, owner and operator, wholly owned by KIRKBI Climate. The company operates more than 30 solar projects across the U.S. and has a growing team of more than 60 full-time employees spread across the U.S. The team possesses comprehensive expertise in development, engineering, procurement and construction management, project finance and asset management.
There is rapid growth in data centres in the U.S., driven by advancements in AI and cloud computing, as well as increasing demand for EV charging infrastructure. This development places significant pressure on the electricity grid. Adapture Renewables’ solar projects will generate renewable energy to help to meet the growing demand for electricity.
Since KIRKBI’s initial investment in Adapture Renewables in 2019, significant steps have been taken to increase operational capacity and build a solid pipeline. At the end of 2024, Adapture Renewables completed its latest project, a 67 MWdc utility-scale solar project in Texas, USA.
Adapture Renewables is a vital part of KIRKBI Climate’s activities aimed at addressing global climate issues
Anupam Bhargava, CEO of KIRKBI Climate
This facility is expected to deliver approximately 120 GWh of renewable electricity annually, enough to power the equivalent of 12,500 U.S. homes. The latest solar project adds to Adapture Renewables’ growing portfolio, which now comprises over 344 MWdc of renewable energy in operation across the U.S. In addition, 441 MWdc of solar PV is under construction and expected to be operational by 2026, more than doubling the company’s current capacity. Adapture Renewables’ development pipeline has now grown to over 4 GW.