NGP's Lisa Lambert has spoken to Global Corporate Venturing about the unit's investment parameters, the need for disruptive investments in the energy sector and the priorities when hiring for a new corporate venturing fund.
The corporate has resurrected the Schneider Electric Ventures unit it folded into Aster in 2010 and will invest up to $565m through the vehicle.
Energy technology and software-focused National Grid Partners is headed by Lisa Lambert and has two other Intel Capital alumni in its team.
The upper end continued to grow and corporates launched a raft of AI funds, as bike sharing, real estate, smart vehicles and urban farming drew capital.
Each of the 10 oil and gas companies will invest $100m in the fund, which is expected to last for 10 years and complement other investments made in reducing emissions.
Statoil's newly formed $200m cleaner energy-focused fund will look to build up a portfolio of 15 to 25 companies in the next four to seven years, according to SEV managing director Gareth Burns.
Tom Whitehouse, chairman of London Environmental Investment Forum and founder of Carbon International, explores trends in clean-tech.