NGP ETP (NGP Energy Technology Partners) is the energy transition investing platform of NGP Energy Capital Management, founded in 2005. It provides growth and buyout equity capital to companies offering products and services in renewable energy, electrification, energy efficiency, and broader energy technology.
50% of their portfolio is in Climate & Energy. Their most common stage is series-c (50% of deals). Average disclosed round size is $38.5M (across 7 rounds with reported amounts).
Portfolio
7
Fund Size
$700M
Top Stage
Series C
Last 12 Mo
0
Team
Chris Carter
Managing Partner
Craig Glick
Partner
David Hayes
Partner
Peter Ray
Partner
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
DealsAvg Round Size
Portfolio
8 investments
| Company | Round | Amount | Date |
|---|---|---|---|
 Dandelion Energy | Series B | $70M | Nov 2022 |
 Ojjo | Series C | $40M | Sep 2022 |
 GridX | Series C | $40M | Apr 2022 |
| LLevelTen | Series C | $35M | Aug 2021 |
 PERSEFONI AI INC. | Series A | $9.7M | Apr 2021 |
| PPersefoni | Series A | $9.7M | Apr 2021 |
 Zahroof Valves | Series C | — | — |
| LLevelTen | Series D | $65M | — |
Top Co-Investors
Rice Investment Group2 shared
Techstars2 shared
Wireframe Ventures2 shared
Prelude Ventures2 shared
Equinor2 shared
Collaborative Fund1 shared
Building Ventures1 shared
New Enterprise Associates1 shared
GV1 shared
Breakthrough Energy Ventures1 shared
Comcast Corporation1 shared
LEN X1 shared
Ajax Strategies1 shared
Energy Impact Partners1 shared
Moore Strategic Ventures1 shared
Alumni Ventures1 shared
Saudi Aramco1 shared
Saudi Aramco Energy Ventures1 shared
Founders' Co-op1 shared
Last updated: 7 October 2026