New System Ventures

I am thrilled to announce New System Ventures’ investment into RedoxBlox’s Series A, alongside Prelude Ventures, Khosla Ventures, Breakthrough Energy and Imperative Ventures. Industrial heat represents 20% of global energy demand—a critical but hard-to-decarbonize sector. RedoxBlox’s solution can store energy from renewables, release high-grade heat for industrial applications, and pair with turbines to discharge electricity back to the grid. This incremental $30 million Series A will provide RedoxBlox with even more “heat” to accelerate the sustainable transition of industrial processes. We welcome new CEO Pasquale Romano and are excited to support co-founders James Klausner and Joerg Petrasch, along with a growing team in this next chapter. Thank you to Dane A. Boysen for your leadership in bringing the company to this point. Our investment in RedoxBlox aligns with NSV’s 24x7 carbon-free energy (CFE) thesis, focused on providing around-the-clock decarbonized solutions. Following a detailed systems-level research process considering diverse pathways, we identified RedoxBlox’s solution as particularly compelling - enabling us to store electricity when it’s readily available and discharge around the clock to displace traditional sources like natural gas and coal. Today, industrial heat consumes ~20% of global energy demand, with annual costs exceeding $300 billion. As renewables grow, lowering charging costs when it is sunny or windy, and fossil fuel supply volatility increases - exacerbated by Russia’s invasion of Ukraine - solutions like RedoxBlox can help electrify this critical sector and reach cost parity. We’re eager to continue supporting impactful solutions in industrial decarbonization—your insights and feedback are always welcome! Mathilde Beniflah, Daniel Nilsson Sjolander, Max Levine , Matt Lucas, Brian Mayers, Gabriel Kra, Pulakesh Mukherjee, Rajesh Swaminathan, Scott McNally, Michelle Cheung, and Tom Erickson for their collaboration in bringing this vision to life. https://lnkd.in/eYEpnVi2

Congratulations to the team at Crux on making the CB Insights Fintech 100 list, which highlights the most promising private fintech companies in the world. We are proud to back Crux as they continue innovating at the forefront of efficient finance for the energy transition.

The U.S. Department of Energy (DOE) announced MetOx as a recipient of an $80M grant to construct an advanced superconductor manufacturing facility. As the second largest grant recipient —Project Arch—will be the first large-scale HTS wire production facility of its kind in the country. This project will significantly enhance domestic capacity, supporting critical infrastructure for the clean energy transition.  Read more about Project Arch and the DoE announcement here! MetOx Press Release: https://lnkd.in/ge_tTqba Department of Energy (DOE) Announcement: https://lnkd.in/eksvAZz6

Starting Climate Week at the Nasdaq Exchange really drove the point home that the sustainable transition is already underway. Of course, there’s a lot more work to do. But 83% of Global 500 companies have climate targets, not just because it’s the “right thing” - but because it’s often the better, cheaper, and safer thing to do for long-term edge. I’m grateful to Elsa Givan and Sehr Thadhani’s partnership on this event, which my team at New System Ventures co-hosted. Our vision was to bring together the range of stakeholders needed to build a sustainable future. In doing so, we had fascinating conversations with investors and operators alike around the intersection of energy security, re-industrialization, and climate impact. We heard about pulling forward the adoption of groundbreaking energy solutions from Laurene Powell Jobs, Bob Mumgaard and Tom Steyer. Ian Samuels discussed how to accelerate the financing of the energy transition with Karen Karniol-Tambour of Bridgewater Associates and Scott Lebovitz of TPG. Ryan Panchadsaram, Vanessa Z Chan and Ali Fenn talked about the enormous opportunity in anticipating future energy needs. And Etosha (Eee-tah-sha) Cave, Julia Reichelstein, Zachary Bogue, Hannah Bebbington and Chante Harris brought the power of partnerships to life by sharing their experiences working with market leaders to scale emerging technologies. I felt humbled and deeply grateful to help open up the markets with Ian Samuels, Max Levine, Daniel Nilsson Sjolander, Matt Lucas and many other talented individuals. No better people to do this complex - but very important - work with!

🎤 Between #ClimateWeekNYC Panels: Transforming the Global Economy with New System Ventures Founder and Managing Partner Ian Samuels In his panel earlier this week with TPG and Bridgewater Associates at Nasdaq's Building the Future Summit, Ian discussed the need they saw to mobilize capital from the earliest stages to help commercialize and build new technologies, and the solutions needed to drive the energy transition for a sustainable economy, including: ✅ Pairing storage with intermittent energy and base load clean energy ✅ Being able to match the supply and demand on a temporal and geographic basis #GreenerTogether

I have never really considered myself a “climate person.”  Of course I care about climate, but I’m a transformation person at heart. I care about taking apart really big problems, reinventing legacies, and building in white spaces. I like to think in systems. Adjacencies feel like home. But in speaking with Laurene Powell Jobs (Emerson Collective), Tom Steyer (Galvanize Climate Solutions), Secretary of Energy Jennifer Granholm (U.S. Department of Energy (DOE)) and so many other brilliant minds at our Building the Future Summit at Nasdaq, I realized I may actually be a climate person after all. The reality is that climate could be the single greatest transformation of our generation — maybe even of several. What Ali Fenn at Lancium is doing to power the next great technology platform shift, AI? What Hannah Bebbington at Frontier is doing to construct new markets that can drastically accelerate decarbonization? What John Melby at Xpansiv is doing to build market infrastructure of the future? It's transformation through and through. It really was a privilege to kick off #ClimateWeek2024 by convening this ecosystem to co-conspire and exchange the ideas shaping the world for the next generation(s) to come - and to recognize the fact that the bleeding edge of innovation is in labs, and on benchtops; in our oceans and on our farms. (Thank you for partnering with us Ian Samuels Zachary Bogue Ali Tamaseb Mathilde Beniflah) In the spirit of my new climate obsession, here are a few more companies on my radar that represent the best of systems change: Electric Hydrogen, Twelve (cc: Etosha (Eee-tah-sha) Cave), Vaulted Deep (cc: Julia Reichelstein). What transformative companies are you tracking? Let me know in the comments and let's dig into them together!

Congratulations MetOx International and New System Ventures ! More HTS tapes are needed with no doubt!

Future history was in the making at Nasdaq on Monday morning ✨ We were honored to kick off NYC Climate Week 2024 with Laurene Powell Jobs of Emerson Collective, Tom Steyer of Galvanize Climate Solutions, Jennifer Granholm from the U.S. Department of Energy (DOE), and a hundred other brilliant minds in climate. A lot of the most important future history starts with conversations. It starts with challenging the status quo, leaning into a provocation or two, and looking at what’s possible with a sense of breathless optimism over fear. I’m so honored to be in this seat, with the privilege to bring together incredible future history makers who are working on innovations that can’t help but spark total wonder — from transforming carbon into jet fuel to building stars on earth. They all represent belief in the idea that it is not too late, that we are so lucky to be in a position where we can make this chapter in our future history a well-loved and often-told story of human ingenuity. Sehr Thadhani Sarah von der Linde Ian Samuels Mathilde Beniflah Ali Tamaseb Zachary Bogue New System Ventures DCVC

🔔🔔 Thrilled to have been part of the opening bell ceremony at Nasdaq yesterday morning to kick off New York Climate Week! 💼📈 It was an incredible honor to join our Chief Sustainability Officer Mary de Wysocki and stand alongside climate champion Tom Steyer, Emerson Collective founder Laureen Powell Jobs as well as trailblazers, and changemakers driving and investing in climate solutions. 💪 Big thank you to New System Ventures for organizing and having us! Excited for what’s ahead as we tackle climate challenges head-on and continue supporting climate innovators. Let's gooooo! 🚀🌱 #ClimateWeek #Sustainability #Nasdaq #ImpactInvesting Cisco Mary de Wysocki Cecilia Hughes New System Ventures Nasdaq #NYCW

Emerson Collective kicked off Climate Week with Bob Mumgaard and Tom Steyer at Nasdaq's opening bell ceremony to celebrate the brilliant innovators and entrepreneurs who are focused on creating a world of abundance for our planet. Can't wait to see what's next for climate on this stage. Thrilled to be there alongside Commonwealth Fusion Systems, New System Ventures, DCVC, Galvanize Climate Solutions, U.S. Department of Energy (DOE), and so many others #NYCW #ClimateWeek