Startups in the renewable energy field are tackling the world's power needs from many different angles. This has led to large funding rounds for companies across the globe.
For instance, companies like Commonwealth Fusion Systems have raised over $2 billion for fusion energy. Others, like Koolboks, are focused on specific needs such as solar powered freezers.
Below is our list of 100 Renewable Energy startups worth keeping an eye on.
Failory's Top 10 Picks
Tool
Fundraising OS
Everything you need to raise funding for your startup, including 3,500+ investors, 7 tools, 18 templates and 3 learning resources.
Buy It For $97 $297 →Sheet
2,189 Accelerators & Incubators
Information about the industries, countries, and cities they generally invest in.
Get the Sheet for $50Sheet
1,600+ Unicorns
Information about their valuation, HQ's location, founded year, name of founders, funding amount and number of employees.
Get the Sheet for $50Sheet
250 BioTech & Health Investors
List of startup investors in the BioTech, Health, and Medicine industries, along with their Twitter, LinkedIn, and email addresses.
Get the Sheet for $50Sheet
250 AI Investors
List of 250 startup investors in the AI and Machine Learning industries, along with their Twitter, LinkedIn, and email addresses.
Get the Sheet for $50Sheet
250 Fintech Investors
List of 250 startup investors in the FinTech and Finance industries, along with their Twitter, LinkedIn, and email addresses.
Get the Sheet for $50Tether builds AI software that turns millions of parked electric vehicles into the world’s largest battery. Their platform manages this distributed energy network, helping to balance the power grid and integrate more renewable sources.
| Headquarters | Stockholm, Stockholms Lan, Sweden |
| Year Founded | 2022 |
| Founders | Luis Medina Rivas, Martim Perestrelo |
| Funding Amount | $1.5M |
| Startup Size | Founding Team (1-10) |
| Last Funding Status | Pre-Seed |
| Top Investors | Techstars, K Fund, Draper B1, Enzo Ventures, Inclimo Climate Tech Fund |
Commonwealth Fusion Systems builds compact and powerful fusion devices designed to deliver clean, limitless energy on a commercial scale. Their technology, spun out of research from MIT, uses high-temperature superconducting magnets to create a faster and more efficient path to fusion power.
| Headquarters | Cambridge, Massachusetts, United States |
| Year Founded | 2017 |
| Founders | Dan Brunner, Martin Greenwald, Robert Mumgaard |
| Funding Amount | $2.9B |
| Startup Size | Major Organization (1,001-5,000) |
| Last Funding Status | Series B |
| Top Investors | Temasek Holdings, Khosla Ventures, HOF Capital, Quiet Capital, Google |
X-energy develops advanced modular nuclear reactors and the fuel technology required for clean energy generation. Their work focuses on creating safer and more scalable nuclear power solutions to support a zero-carbon future.
| Headquarters | Rockville, Maryland, United States |
| Year Founded | 2009 |
| Founders | Kam Ghaffarian |
| Funding Amount | $1B |
| Startup Size | Large Team (251-1,000) |
| Last Funding Status | Private Equity |
| Top Investors | Alumni Ventures, Ares Management, Jane Street Capital, University of Michigan, NGP Energy Capital Management |
Helion Energy is developing fusion power technology to generate clean electricity. Their work focuses on creating commercially viable fusion generators that can provide a limitless source of zero-carbon energy.
| Headquarters | Everett, Washington, United States |
| Year Founded | 2013 |
| Founders | Chris Pihl, David Kirtley, George Votroubek, John Slough |
| Funding Amount | $1B |
| Startup Size | Large Team (251-1,000) |
| Last Funding Status | Series F |
| Top Investors | Lightspeed Venture Partners, Y Combinator, SoftBank Vision Fund, Mithril Capital Management, Sam Altman |
Torus designs and manufactures integrated energy storage systems for residential and commercial use. Their flagship product, the Torus Station, helps customers store power from renewable sources to gain more control and independence from the traditional grid.
| Headquarters | Lehi, Utah, United States |
| Year Founded | 2021 |
| Founders | Nate Walkingshaw |
| Funding Amount | $267M |
| Startup Size | Mid-Size Team (51-250) |
| Last Funding Status | Venture Round |
| Top Investors | ICONIQ Capital, EPIC Ventures, Origin Ventures, Pelion Venture Partners, Magnetar Capital |
Masdar develops and operates a global portfolio of renewable energy projects, specializing in solar, wind, energy storage, and geothermal technologies. They are a major force in the world's clean energy transition, with a presence in dozens of countries.
| Headquarters | Abu Dhabi, Abu Dhabi, United Arab Emirates |
| Year Founded | 2006 |
| Founders | H.E. Sultan Al Jaber |
| Funding Amount | $3.3B |
| Startup Size | Large Team (251-1,000) |
| Last Funding Status | Debt Financing |
| Top Investors | European Investment Bank, European Bank for Reconstruction and Development, International Finance Corporation, Asian Development Bank, Asian Infrastructure Investment Bank |
Unbound Potential develops and provides large-scale energy storage systems for various applications. Their advanced battery technology is designed to make renewable energy sources more stable and dependable for industrial and grid use.
| Headquarters | Thalwil, Zurich, Switzerland |
| Year Founded | 2023 |
| Founders | Anetta Platek-mielczarek, David Taylor, Emilio Dal Re, Federico Paratore, Pier Giuseppe Rivano |
| Funding Amount | $20.4M |
| Startup Size | Lean Team (11-50) |
| Last Funding Status | Grant |
| Top Investors | Amazon, Founderful, Zürcher Kantonal Bank, Innosuisse, Kvanted Ventures |
Radiant develops portable nuclear microreactors to provide clean energy for remote applications and disaster relief efforts. Their Kaleidos reactor is designed to be meltdown-proof, using advanced particle fuel that can be safely operated by a small team.
| Headquarters | El Segundo, California, United States |
| Year Founded | 2019 |
| Founders | Bob Urberger, Doug Bernauer |
| Funding Amount | $218.8M |
| Startup Size | Mid-Size Team (51-250) |
| Last Funding Status | Series C |
| Top Investors | Andreessen Horowitz, Alumni Ventures, Tribe Capital, Draper Associates, StepStone Group |
Fourth Power builds thermal battery systems that store renewable energy for the power grid. Their technology converts electricity into heat, stores it efficiently, and then turns it back into electricity on demand.
| Headquarters | Cambridge, Massachusetts, United States |
| Year Founded | 2021 |
| Founders | Asegun Henry |
| Funding Amount | $39M |
| Startup Size | Founding Team (1-10) |
| Last Funding Status | Series A |
| Top Investors | Breakthrough Energy Ventures, DCVC, Munich Re Ventures, Black Venture Capital Consortium |
Koolboks manufactures solar-powered freezers and ice makers that provide continuous refrigeration. Their technology gives businesses and households in off-grid areas a reliable way to store perishable goods.
| Headquarters | Rosny-sous-bois, Ile-de-France, France |
| Year Founded | 2018 |
| Founders | Ayoola Dominic |
| Funding Amount | $15.4M |
| Startup Size | Mid-Size Team (51-250) |
| Last Funding Status | Series A |
| Top Investors | Bpifrance, Acumen, Blue Earth Capital, KawiSafi Ventures, Aruwa Capital |
90 Additional Renewable Energy Startups Worth Following
The top 10 are just a small slice of what’s happening in renewable energy. New companies are popping up everywhere, and they’re all tackling the problem in different ways.
Together, these startups have attracted tens of billions in funding, with some just getting started and others scaling up fast. Here’s a look at the other 90 companies helping to shape the future of energy.