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Private Equity
goodenergies.com

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Investments

3

Portfolio Exits

1

About Good Energies

Good Energies is a private equity fund investing in the Energy Industry. As a private global investor in this sector since 2001, Good Energies helps build companies which drive the critical transition to a low-carbon, renewable energy economy.

Good Energies Headquarter Location

277 Park Avenue

New York, New York, 10172,

United States

212-704-3000

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Latest Good Energies News

SAGE Electrochromics Secures $16 Million in Series B Financing Funding led by Good Energies with backing from Applied Ventures and N.V. Bekaert

Mar 4, 2015

Latest News July 17, 2007 11:27 PM Eastern Daylight Time  SAGE Electrochromics Secures $16 Million in Series B Financing Funding led by Good Energies with backing from Applied Ventures and N.V. Bekaert FARIBAULT, Minn.--( BUSINESS WIRE )--SAGE Electrochromics, Inc., the only provider of commercially viable, energy-saving electrochromic smart window products for buildings, today announced that it has closed a $16 million Series B preferred round, with provisions for an additional investment of $13 million. Good Energies, a leading investor in renewable energy, led the funding, with additional investments from Applied Ventures, LLC (the venture capital arm of Applied Materials, Inc.) and Bekaert. “As SAGE makes the transition to volume manufacturing Applied Materials is positioned to help SAGE achieve its goals of significantly lowering the cost per square foot of energy-saving window products.” SAGE’s patented technology, trademarked SageGlass®, is used to manufacture windows and skylights that can be darkly tinted to block sunlight and heat, or cleared, depending on the needs of the end user. U.S. Department of Energy studies have shown that ~5% of all the U.S. energy consumed is lost due to the inefficiencies of building windows. The DOE reports that in commercial buildings, electrochromic windows can reduce annual cooling loads by up to 20%, and can reduce peak electricity demand in most parts of the U.S. by 19-26%. “We are proud to be working with a group of financers who bring strong strategic value and who are committed to growing successful clean energy technology companies,” said John Van Dine, CEO and Chairman of the Board for SAGE. “SageGlass® provides a unique, dynamic, clean energy solution capable of delivering bottom line productivity gains and lower energy bills for businesses. This round of financial and strategic backing will enable us to expand the company’s new product development, manufacturing, business development and sales and marketing initiatives, and provide us with the opportunity to bring our clean energy solutions to a broader number of businesses.” “SAGE is at the forefront of clean energy solutions for businesses. Its electrochromic glass is the next generation in high performance windows because it improves both tenant comfort and light quality, and provides a cost-effective way to sharply cut energy and air conditioning costs,” said Greg Kats, managing director at Good Energies and a leading expert on green buildings and clean technology financing. He added that users responding to SageGlass® products have consistently emphasized improved light, comfort and visual quality. Says Kats, “SageGlass® is a significant breakthrough in building energy efficiency – it is the only commercially available, integral solution to manage solar heat gain and glare from windows. Good Energies believes that this is a critical technology solution on our pathway to zero energy buildings.” “SAGE's technology aligns well with Applied Materials’ capabilities in precision glass coating, and complements our focus on clean energy solutions,” said J. Christopher Moran, Vice President and General Manager of Applied Ventures. “As SAGE makes the transition to volume manufacturing Applied Materials is positioned to help SAGE achieve its goals of significantly lowering the cost per square foot of energy-saving window products.” SageGlass products have been tested for years with outstanding results. This includes multi-year testing by the National Renewable Energy Laboratory and the ASTM Test Standard E-2141-02, where it surpassed twice the duration of the test protocol which, in DOE terms, is equivalent to switching a window from tinted to clear, nine times per day, for 365 days, across a 30-year lifetime. SAGE’s product technology has been incorporated in VELUX skylights since 2003, and won several awards including the 2006 “Top Ten Green Building Products” by Building Green, Inc. About SAGE Electrochromics, Inc.: SAGE Electrochromics ( www.sage-ec.com ) is a smart glass technology company, founded in 1989, and focused solely on the development and commercialization of electrochromic technology for the building window industry. About Good Energies: Good Energies ( www.goodenergies.com ) is a leading investor in the renewable energy industry and a member of COFRA Group, a privately owned group of companies. The current market capitalization of its portfolio is over four billion dollars. Good Energies places its emphasis on the interrelated business areas of solar energy, wind energy, load management and green buildings. The company invests across all life cycles of a company and pursues a long-term investment approach. Good Energies is guided by the 3-P-principle (3-Ps): people-planet-profit; being an investment firm it also aims to accelerate energy transition and strives to alleviate poverty by improving access to affordable renewable energy. Good Energies operates globally and is headquartered in Zug, Switzerland. About Applied Ventures LLC: Applied Ventures, LLC ( www.appliedventures.com ), a subsidiary of Applied Materials, Inc., invests in early stage companies with high growth potential pursuing technologies that provide a natural extension to Applied Materials' core business and innovations that stimulate the growth of applications for semiconductors, displays and related products and services. Applied Materials, Inc. (Nasdaq: AMAT) is the global leader in Nanomanufacturing Technology™ solutions with a broad portfolio of innovative equipment, service and software products for the fabrication of semiconductor chips, flat panels, solar photovoltaic cells, flexible electronics and energy efficient glass ( www.appliedmaterials.com ). About Bekaert: Bekaert ( www.bekaert.com ) seeks sustainable profitable growth based on its two core competences: advanced metal transformation and advanced materials and coatings. Bekaert aims to consolidate its position as both market leader and technological leader around the world. With its broad range of high technological products, systems and services, Bekaert offers high added value for its customers. Bekaert (Euronext Brussels: BEKB) is a European-based company, headquartered in Belgium and employing 18,500 people. Bekaert, present in 120 countries, generates annual sales of more than € 3 billion. Contacts

Good Energies Investments

3 Investments

Good Energies has made 3 investments. Their latest investment was in OffGridBox as part of their Seed - II on December 12, 2018.

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Good Energies Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

12/13/2018

Seed - II

OffGridBox

$1.6M

Yes

1

1/13/2009

Series B

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$99M

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10

7/17/2007

Series B

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$99M

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10

Date

12/13/2018

1/13/2009

7/17/2007

Round

Seed - II

Series B

Series B

Company

OffGridBox

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Amount

$1.6M

$99M

$99M

New?

Yes

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Co-Investors

Sources

1

10

10

Good Energies Portfolio Exits

1 Portfolio Exit

Good Energies has 1 portfolio exit. Their latest portfolio exit was Sage Electrochromics on November 16, 2010.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

11/16/2010

Corporate Majority

Date

11/16/2010

Exit

Corporate Majority

Companies

Valuation

Acquirer

Sources

Good Energies Team

5 Team Members

Good Energies has 5 team members, including current Managing Director, George Coelho.

Name

Work History

Title

Status

George Coelho

Benchmark, Intel Capital, Balderton Capital, and ETF Group

Managing Director

Current

Hugh Frater

Fannie Mae, Berkadia Commercial Mortgage, BlackRock, and Lehman Brothers

Chief Operating Officer

Former

Jean-Louis Brenninkmeyer

Bregal Energy

Managing Director

Former

Greg Kats

U.S. Department of Energy

Managing Director

Former

William G. Nesbitt

Park Avenue Equity Partners

Managing Director

Former

Name

George Coelho

Hugh Frater

Jean-Louis Brenninkmeyer

Greg Kats

William G. Nesbitt

Work History

Benchmark, Intel Capital, Balderton Capital, and ETF Group

Fannie Mae, Berkadia Commercial Mortgage, BlackRock, and Lehman Brothers

Bregal Energy

U.S. Department of Energy

Park Avenue Equity Partners

Title

Managing Director

Chief Operating Officer

Managing Director

Managing Director

Managing Director

Status

Current

Former

Former

Former

Former

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