Energy Transition

EnCap is pursuing investment opportunities created by the global transition to a lower-carbon energy system. The dramatic reduction in the cost of renewables and electric battery storage are driving a transformation in the energy sector.

Renewables are the fastest-growing source of electricity generation in North America. Coal and nuclear combined currently generate 47% of U.S. electricity. Over the next two decades, U.S. electricity generation from nuclear and coal is projected to decline to 14% while renewable sources of U.S. electricity are projected to grow to 37%. We believe this presents exciting opportunities for the firm.

EnCap's energy transition team is leading the effort to explore these opportunities and is comprised of highly qualified executives with a proven track record of value creation in the electric power and alternative energy space and an extensive network of relevant industry contacts.

Energy Transition Portfolio

Not just investing in energy, investing in the future

Since inception, EnCap Energy Transition has targeted renewable power generation, battery energy storage and other decarbonization opportunities within the energy sector. Our impact doesn't stop at clean energy. It extends to local communities, where our projects not only provide economic benefits but also enriched lives. Watch this video to learn more about our energy transition portfolio companies and the difference they are making now.

Energy Transition Fund History

The EnCap Energy Transition Fund (ETF) team was established in 2019 and currently manages over $2.7 billion. The ETF funds are focused on investing in management teams and projects involving proven renewable technologies, such as utility-scale solar and wind; low-cost battery storage systems; renewable natural gas; hydrogen; and service businesses that engineer, procure and manage similar energy infrastructure projects for third parties. ETF has made 14 portfolio company investments to date with four material monetizations transactions so far. The team continues to actively source new investments.

March 2024	EnCap Energy Transition Fund II	Growth Capital	$1,500,000,000
April 2021	EnCap Energy Transition Fund I	Growth Capital	$1,200,000,000

Our Background

Our energy transition team has 100+ years of combined experience building successful teams in the power and renewable sectors, including 60+ years of executive level experience in project origination and development, M&A and finance, risk management, power trading and marketing, operations and administration.

Learn more about our team