How We Invest

Who is OIC? — by OIC 2023

We don’t believe in a one-size-fits-all investment approach. We work with a diversified group of midsized companies and family-owned businesses to offer flexible credit and equity investment structures that enable them to pursue their visions and scale impact.

Our Partners

Company Name A-Z

Eagle LNG Partners LLC

Eagle LNG Partners LLC (“Eagle LNG”) is an established U.S. LNG production and logistics platform that provides liquefied natural gas to maritime and utilities customers in the Atlantic Coast and Caribbean markets.

Investment Date

2024

Focus Subsector

Sustainable Power

Company Profile

Status

Unrealized

VEMO

VEMO is an established clean mobility platform driving electric vehicle (“EV”) adoption in Latin America through its integrated EV solutions including EV and charging infrastructure, vehicle financing, and fleet management.

Investment Date

2024

Focus Subsector

Transportation, Mobility, & Storage

Company Profile

Status

Unrealized

Arglass, LLC

Arglass, LLC (“Arglass”) is a privately held American glass container manufacturer serving blue chip spirits, food, and beverage customers via its production facility in Valdosta, Georgia, which has been in operation since 2020.

Investment Date

2024

Focus Subsector

Energy Efficiency

Company Profile

Status

Unrealized

Carbon Revolution plc

Carbon Revolution plc (“Carbon Revolution”) is a Tier 1 automotive OEM supplier and a leading global manufacturer of lightweight carbon fiber wheels.

Investment Date

2023

Focus Subsector

Transportation, Mobility, & Storage

Company Profile

Status

Unrealized

Suniva, Inc.

Suniva, Inc. (“Suniva”) is the leading American manufacturer of high-efficiency crystalline silicon photovoltaic (“PV”) solar cells.

Investment Date

2023

Focus Subsector

Sustainable Power

Company Profile

Status

Unrealized

RM2 International, Inc.

RM2 International, Inc. (“RM2”) is an established pallet pooling, logistics and infrastructure company that has developed and deployed their proprietary, trackable composite pallet in a multi-year contracted leasing model with customers across North America.

Investment Date

2023

Focus Subsector

Transportation, Mobility, & Storage

Company Profile

Status

Unrealized

ZincFive Inc.

ZincFive Inc. is a nickel-zinc battery production company that specializes in battery cabinets that serve as uninterruptible power supply for mission-critical applications in data centers and other high-power energy storage markets.

Investment Date

2023

Focus Subsector

Sustainable Power

Company Profile

Status

Unrealized

Heliene, Inc.

Heliene, Inc. (“Heliene”) is a top manufacturer of crystalline silicon photovoltaic ("CSPV") modules with manufacturing facilities in Minnesota (U.S.) and Ontario (Canada).  Heliene has been producing CSPV modules since it was founded in 2010 and is listed as a Bloomberg Tier 1 module manufacturer and included on PVEL’s Top Performer list.

Investment Date

2023

Focus Subsector

Sustainable Power

Company Profile

Status

Unrealized

Forge Nano Inc.

Forge Nano Inc. (“Forge Nano”) is a world-leading material science company focused on increasing battery performance through its pre-treatment process. Forge Nano currently manufactures its own pre-treatment equipment and is focused on developing a lithium-ion battery production facility in the US incorporating its nano-coating machines.

Investment Date

2023

Focus Subsector

Energy Efficiency

Company Profile

Status

Unrealized

Alto Ingredients Inc.

Alto Ingredients Inc. (“Alto”) is a leading producer and distributor of specialty alcohols and essential ingredients. Alto operates five ethanol production facilities across the U.S., capable of generating 350 million gallons per year of renewable fuel, specialty alcohols, and coproduct ingredients.

Investment Date

2022

Focus Subsector

Renewable Fuels

Company Profile

Status

Unrealized

Bravo Infrastructure Group

Bravo Infrastructure Group, LLC (“BIG”) is an investment vehicle that is focused on investing in the transitioning energy economy. BIG is the 100% owner of both Sunshine Solar, LLC (“Sunshine) and Radiance Solar, LLC (“Radiance”). Sunshine is a leading C&I mechanical solar installer that focuses on sub-30 MW projects across the US. Radiance specializes in turnkey solar power installations for commercial, institutional, and utility customers and has installed over 125 MW of clean, renewable solar power throughout more than 300 sites across the southeastern US and Mexico.

Investment Date

2022

Focus Subsector

Sustainable Power

Status

Unrealized

Caliche Development Partners II

Caliche Development Partners II (“Caliche II”) is a Houston, Texas-based company focused on the acquisition, development, construction, ownership, and operation of subsurface natural gas and industrial gas, storage assets, as well as carbon sequestration in North America. Caliche II owns and operates the Golden Triangle Storage, Inc. (“GTS”) facility and is expected to finalize the acquisition of Central Valley Gas Storage, LLC (“CVGS”) facility in the second half of 2023, subject to state regulatory approvals. GTS and CVGS are located in Jefferson County, Texas and Colusa County, California, respectively.  These businesses target two regions that OIC expects will experience increasing demand for storage to support variable power loads, natural gas liquefaction, and high penetrations of renewable resources.  The Caliche II management team previously partnered with OIC when they developed and sold the Coastal Caverns site on the historic Spindletop salt dome. 

Investment Date

2022

Focus Subsector

Transportation, Mobility, & Storage

Status

Unrealized

Subsea Environmental Services

Subsea Environmental Services recovers and decommissions out-of-service submarine telecommunications cables which are processed and recycled back into high quality metals and plastics to offset consumption of newly-mined and virgin production materials. The company also provides shore-end decommissioning and logistics services to the telecoms industry.

Investment Date

2022

Focus Subsector

Waste & Recycling

Status

Unrealized

BigMoon

BigMoon is a power developer and operator which designs and manufactures vessels to generate electricity from tidal power. BigMoon is building a portfolio of tidal power generation vessels that will provide baseload renewable power in Nova Scotia to support long-term power purchase agreements.

Investment Date

2022

Focus Subsector

Sustainable Power

Company Profile

Status

Unrealized

American Nitrile

American Nitrile is constructing a nitrile glove manufacturing facility in Ohio that will help to establish critical PPE supply chains in the United States. When complete, the facility will be able to produce up to 3.6 billion gloves per year for use in the medical, industrial, government, and food sectors.

Investment Date

2022

Focus Subsector

Social Infrastructure

Company Profile

Status

Unrealized

American Offshore Services

American Offshore Services, LLC (“A-O-S”), is a crew transfer vessel (“CTV”) owner operator using state-of-the-art CTVs designed to transport technicians and materials in varied offshore conditions to support the emerging US offshore wind industry.

Investment Date

2022

Focus Subsector

Transportation, Mobility, & Storage

Status

Unrealized

Dream Harvest Farming Company

Dream Harvest Farming Company is a Houston-based vertical farming pioneer founded in 2015 to combat the increasing problem of food and resource waste through enhanced sustainable farming. Dream Harvest operates an indoor farming operation in Houston, TX.

Investment Date

2021

Focus Subsector

Food Systems & Agriculture

Status

Unrealized

Python Holdings

Python Holdings, LLC (“Python”), a Texas based holding company that owns a variety of infrastructure businesses, acquired three 30-megawatt mobile gas turbines (the “Turbines”). Python’s subsidiary, Patriot Power Group, LLC, will utilize the Turbines to complement its existing service platform and provide critical power services to a contracted customer.

Investment Date

2021

Focus Subsector

Sustainable Power

Company Profile

Status

Unrealized

Cumulus Digital

Cumulus Digital is building a hyperscale data center campus and digital asset mining facility located adjacent to the 2.5 gigawatt Susquehanna nuclear power plant owned by Talen Energy. The data center campus will be powered by ultra-reliable, carbon-free, 24x7 nuclear power from the Susquehanna facility.

Investment Date

2021

Focus Subsector

Digital Infrastructure

Company Profile

Status

Realized

Lakeview Energy

Lakeview Energy, LLC (“Lakeview”) is a Chicago, Illinois based private renewable energy company that owns a variety of operating biorefineries in the Midwest US. Lakeview owns an existing 55 million gallon per year ethanol plant in Coshocton, Ohio that produces low carbon fuels and high purity alcohol to support social health benefits.

Investment Date

2021

Focus Subsector

Social Infrastructure

Company Profile

Status

Unrealized

Caliche Development Partners

Caliche Development Partners ("Caliche") is a Houston, Texas-based company focused on the acquisition, development, and operation of subsurface storage assets in North America, with a primary focus on the U.S. Gulf Coast. Caliche currently owns a 53-acre storage facility on the Spindletop salt dome near Beaumont, Texas with 59 million barrels of permitted cavern storage space. Caliche operates 5.0 million barrels of ethylene storage under a long term contract and is building a new 3.0 million barrel cavern for industrial gas storage under a long term storage agreement.

Investment Date

2020

Focus Subsector

Transportation, Mobility, & Storage

Status

Realized

Highland Pellets

Highland Pellets, LLC (“Highland”) is an Arkansas-based wood pellet producer that supplies sustainably-sourced renewable biomass fuel to a major power producer in the UK under a long-term contract. Highland’s first facility, located in Pine Bluff, Arkansas, was initially completed in 2017, and is undergoing equipment upgrades to improve operational performance and increase production capacity.

Investment Date

2020

Focus Subsector

Renewable Fuels

Company Profile

Status

Unrealized

Nautilus Data Technologies

Nautilus Data Technologies (“Nautilus”) is a provider of highly efficient data centers, using a sustainable water-based cooling process to achieve industry leading power usage effectiveness ("PUE") and significant improvements in environmental performance. Using its patented TRUETM (“Total Resource Usage Effectiveness”) cooling system, Nautilus integrates proven maritime and industrial cooling technologies with data center infrastructure to increase the energy efficiency of its operations, reduce the overall cost of computing, and decrease greenhouse gases and air pollution, while consuming no water, producing no waste water, and using no water treatment chemicals or potent greenhouse gas and ozone depleting refrigerants.

Investment Date

2020

Focus Subsector

Digital Infrastructure

Status

Unrealized

Bakersfield Renewable Fuels

Bakersfield Renewable Fuels (BRKF), a wholly owned subsidiary of Global Clean Energy Holdings, Inc. (GCE), has purchased an existing refinery in Bakersfield, CA and will retool a portion of the refinery into a renewable diesel bio-refinery.

Investment Date

2020

Focus Subsector

Renewable Fuels

Status

Unrealized

FuelCell Energy

FuelCell Energy, Inc. (NASDAQ: FCEL) delivers efficient, affordable, and clean solutions for the supply, recovery, and storage of energy. FuelCell Energy designs, manufactures, undertakes project development of, installs, operates, and maintains megawatt-scale fuel cell systems, serving utilities, industrial, and large municipal power users with solutions that include both utility-scale and on-site power generation, carbon capture, local hydrogen production for transportation and industry, and long duration energy storage. With installations on three continents and millions of megawatt hours of ultra-clean power produced, FuelCell Energy is a global leader in designing, manufacturing, installing, operating and maintaining environmentally responsible fuel cell power solutions.

Investment Date

2019

Focus Subsector

Sustainable Power

Company Profile

Status

Realized

Evergreen Recycling

Evergreen Recycling (“Evergreen”), formerly known as CarbonLITE, is a “bottle-to-bottle” recycler and one of the world’s largest producers of food-grade recycled plastic polyethylene terephthalate (“PET”) pellets, operating three recycling plants in Clyde, OH, Riverside, CA, and Albany, NY. Evergreen specializes in processing used plastic bottles into food-grade pellets that can be used to manufacture new beverage containers and products, including clothing and food containers, and replaces the use of virgin PET. Evergreen’s recycling techniques help to lower carbon emissions and reduce waste, while providing a responsible, cost-effective, and high-quality solution to repurposing consumer packaging. Every ton of plastic recycled saves 16 barrels of oil, over 5,700 kWh of energy, and 30 cubic yards of plastic containers in landfill space. Less than a third of the six billion pounds of plastic used for drink bottles and food containers are recovered by U.S. recycling programs, but 10%+ of bottles used in the US are integrated into Evergreen’s recycling plants, where their lifecycle is prolonged.

Investment Date

2019

Focus Subsector

Waste & Recycling

Status

Unrealized

MidCentral Energy Partners

MidCentral Energy Partners (MidCentral) is a provider of pressure control related services and rental equipment to customers in the Permian and SCOOP/STACK. MidCentral’s primary business line focuses on providing equipment and services to support blow-out preventer assembly, testing, and disassembly. MidCentral’s customer-focused, highly trained, and experienced professionals use the latest available industry technology to provide best-in-class operations.

Investment Date

2019

Focus Subsector

Other

Status

Realized

Martin Energy Group

Martin Energy develops, owns, operates and provides distributed generation assets and systems in North America since 1976. Martin Energy designs, engineers, and packages electric generators, co-generation systems and associated equipment and operates and maintains a complete range of power generator solutions. The company also sells electricity and thermal energy to a range of commercial and industrial customers such as manufacturing facilities, hospitals, hotels, food processing, supermarkets, and others via long-term offtake agreements at zero capital cost to the customer.

Investment Date

2019

Focus Subsector

Sustainable Power

Company Profile

Status

Realized

Evolution Well Services

Evolution Well Services (Evolution) is a provider of leading edge, electric powered pressure pumping. Evolution utilizes custom designed electric equipment and technical expertise to deploy and operate 100% electrically powered pressure pumping fleets to stimulate production within its clients’ wells. Evolution’s electric equipment consumes 100% natural gas as the fuel source to generate electric power for its pressure pumping operations. Evolution’s patent-protected processes produce lower emissions, reduced noise, improved safety, reduced well pad footprint, reduced operating personnel, and reduced fuel costs by 95%, when compared to conventional diesel powered pressure pumping fleets.

Investment Date

2018

Focus Subsector

Energy Efficiency

Company Profile

Status

Realized

Mohegan Energy Trustees

Mohegan is a newly formed, private company that responsibly and efficiently operates a low vol metallurgical coal operation in West Virginia. Following its acquisition of Cornerstone, Mohegan is focused on ramping-up production, lowering costs, and improving existing infrastructure.

Investment Date

2018

Focus Subsector

Other

Status

Unrealized

Origin Americas

Origin Americas is a newly formed North American acquisition vehicle controlled by the Element Group, an independent physical oil trading firm. Origin Americas owns and operates a nearly 50-acre liquid bulk storage terminal with rail, truck, vessel loading, and unloading infrastructure, as well as one of the largest used motor oil and lubricant collection businesses in the Mid-Atlantic region.

Investment Date

2018

Focus Subsector

Waste & Recycling

Company Profile

Status

Realized

Produced Water Transfer

Produced Water Transfer (PWT) develops, owns, and operates a network of water gathering pipelines and disposal facilities, initially to support natural gas production from the Cotton Valley and Haynesville. PWT is focused on acquiring, building, and operating water midstream assets, including gathering systems and disposal facilities, which serve the water infrastructure needs of oil and gas producers.

Investment Date

2017

Focus Subsector

Transportation, Mobility, & Storage

Status

Realized

Midland Basin Partners

Midland Basin Partners (MBP) is a Midland, Texas based water infrastructure business which provides essential water supply to energy producers in the Permian Basin. Via a network of wells, pipelines, and storage facilities, MBP responsibly sources, transports, and stores water for some of the region’s largest energy producers. The Company is strategically positioned for a rapid expansion as the Permian Basin continues to lead the nation in competitive energy supply.

Investment Date

2017

Focus Subsector

Transportation, Mobility, & Storage

Status

Realized

American Natural Supply

American Natural Supply (ANS) is a leading commercial fuel supply and storage company based in Pittsburgh, PA. ANS is one of the largest commercial fuel suppliers in the region, with a network of terminals and related infrastructure that supports the fueling needs of thousands of commercial, industrial, and energy customers. Notably, ANS provides fuel sales, delivery, management, and related services to support the field service activities of the leading energy companies active in the Marcellus and Utica Shale Formations.

Investment Date

2017

Focus Subsector

Transportation, Mobility, & Storage

Company Profile

Status

Unrealized

Future Energy Solutions

FES is an award-winning business and a rapidly growing provider of energy efficient lighting infrastructure. FES has a proven record of providing commercial and industrial customers with energy efficient lighting equipment systems using LED and induction technologies. The Company’s Gold Initiative Program offers Lighting as a Service at zero capital cost to the customer.

Investment Date

2017

Focus Subsector

Energy Efficiency

Company Profile

Status

Realized

Keystone Properties

Keystone is the owner and operator of the Keystone Jacksonville Terminal, a 110-acre, deep-water, intermodal commodity terminal located on the St. John’s River in Jacksonville, Florida. Keystone provides vessel, truck and train loading / unloading and commodity storage for various shippers under long-term contracts.

Investment Date

2017

Focus Subsector

Transportation, Mobility, & Storage

Company Profile

Status

Realized

Tiger Rentals

Tiger Rentals is a leading international provider of offshore oilfield equipment rental services (Tiger Offshore Rentals), onshore equipment rental services to the E&P, midstream, and petrochemical sectors (Tiger Industrial), and energy-related safety equipment rental and services (Tiger Safety).

Investment Date

2016

Focus Subsector

Social Infrastructure

Company Profile

Status

Realized

Our strategy and approach

We invest in environmentally and socially innovative private companies focused on developing and deploying sustainable infrastructure. Our core investment objectives are to achieve superior, risk-adjusted returns for our investors, provide financial and operational expertise to our investment partners, and optimize value across our portfolio.