We take minority stakes in seed to Series A companies that cut energy cost and emissions for industrial and commercial businesses in Latin America and the Caribbean. Mexico is our core market.
Every company sells to businesses. We weight each sector by the evidence that customers will pay.
Design, monitoring, financing and control software for on-site solar and storage.
Mexico reached 5.19 GW of distributed generation in 2025. The 2025 law requires self-supply projects to carry storage or pay CFE for backup.
Sensors, analytics and controls that cut the energy a site uses per unit of output.
Small and mid-sized firms are 19% less energy efficient than larger ones, according to an IDB Invest study of 6,000 firms in 19 countries.
Software that helps multi-site companies buy, meter and manage power.
Peak demand in Mexico is projected to grow 2.8% a year through 2039. CFE's 2026 investment budget is 16.7% lower in real terms, and grid losses reached 12.3% in 2024 (IMCO).
Emissions software and efficiency controls for manufacturers.
We back the software and controls layer. Hardware-heavy models need more capital than an early-stage fund should supply.
Embedded finance and pay-as-you-go models for efficient equipment.
The IDB runs a USD 60 million program to finance efficiency at about 450 small businesses in El Salvador.
Mexico is our base. We rank the other markets by what businesses pay for power.
Energy Master, 2025. Business electricity prices for four of the five countries in the study.
The plants that pay for energy show us which startups they will adopt.
Most of our deal flow comes from the industrial buyers that Mexico Energy Partners advises, from plant operators, equipment makers and developers in Mexico and the United States, and from early-stage funds and accelerators active in Latin American climate and energy.
Diligence starts at a customer site, where we test the savings a company claims, audit the financials tied to them and review the technology. A buyer outside the company's reference list tells us whether it would buy. The investment committee memo then sets out probability-weighted return and currency scenarios, the likely acquirers, the impact baseline with five-year targets, and a 2X Criteria assessment.
