Rooted in KIRKBI’s purpose of building a better future for children, we want to support the transition to sustainable energy sources by reducing the world’s reliance on fossil fuels.
Our investment approach
At KIRKBI Climate, we focus on investing in the full energy system. That means scaling renewable technologies such as solar to displace fossil-based power, and developing storage solutions that enable flexible, reliable, and efficient use of renewable energy. Beyond 2030, the ambition is to connect the two into complete system-level solutions, including intelligent grids and behind-the-meter microgrids.
Building on our ambition to drive impact within decarbonisation, we focus on three key areas to drive renewable energy adoption:
Growth Platforms
Building businesses that expand the production and practical use of mature renewable energy technologies.
Technology Developers
Investing in companies developing the next generation of energy and storage technologies.
Capacity Builders
Backing organisations that scale proven technologies to make them commercially viable and widely used.
Examples of our portfolio
Our Energy Transition portfolio consists both of companies with more mature technologies, such as Adapture Renewables Inc., a U.S.-based developer of solar facilities and energy storage, and new technologies that have moved beyond the prototype phase, such as Highview Power, where KIRKBI Climate joined a syndicate investing in building one of the world’s largest long-duration energy storage facilities.
See the full portfolio in our annual report
Adapture Renewables
A vertically integrated solar developer and operator with a team of 64 FTEs managing over 30 solar projects across three US regions. Since KIRKBI’s initial investment in Adapture Renewables in 2019, significant steps have been taken to increase operational capacity and build a solid pipeline.
Ownership: 100%
Investment year: 2019
Geography: US
Highview Power
Long-duration energy company, specializing in liquid air technology, enhancing the flexibility, responsiveness, and reliability of renewable energy sources while ensuring grid stability. The technology can store renewable energy for up to several weeks, longer than battery technologies, and is ready to be deployed at key grid locations at scale today.
Ownership: Minority share
Investment year: 2024
Geography: UK
Monolith
Developer of hydrogen and clean materials technologies, such as carbon black and ammonia, which reduces CO2 emissions by 97% relative to conventional processes for carbon black and ammonia production.
Ownership: Minority share
Investment year: 2022
Geography: US
Burbo Bank Extension
Offshore wind farm with a total capacity of 258 MW, located 7 km off the coast of Liverpool in the UK. The wind farm comprises 32 turbines and supplies renewable electricity to over 230,000 UK homes annually.
Ownership: Minority share
Investment year: 2016
Geography: UK
Case stories from our portfolio
Adapture Renewables Inc. – scaling capacity and strengthening its platform for future growth
Adapture Renewables, Inc. is a U.S.-based utility-scale solar and energy storage developer, owner and operator, wholly owned by KIRKBI Climate. The company plays a central role in KIRKBI Climate's efforts to accelerate the deployment of renewable energy and meet rising electricity demand in the U.S. market.
With a growing team of specialists across development, engineering, procurement, construction management, project finance and asset management, the company now manages more than 40 projects while continuing to expand both its operational footprint and its long-term strategic capabilities.
Since KIRKBI's initial investment in Adapture Renewables in 2019, the company has grown from 87 MW to more than 800 MW of renewable energy in operation and under construction. In 2025, Adapture Renewables reached mechanical completion of a 441 MW solar portfolio in Illinois and Arkansas, expected to enter operation in 2026, while its development pipeline grew to more than 6 GW.
Anupam Bhargava, CEO of KIRKBI Climate, says:
"Adapture Renewables is a vital part of KIRKBI Climate’s activities aimed at addressing global climate issues."
Facts:
Since KIRKBI A/S invested in the company in 2019, Adapture Renewables has grown from 87 MW to more than 800 MW of renewable energy in operation and under construction.
Adapture Renewables' development pipeline has now grown to more than 6 GW.
In 2025, Adapture Renewables achieved Certified B Corporation status.
Adapture Renewables Inc. – scaling capacity and strengthening its platform for future growth
Adapture Renewables, Inc. is a U.S.-based utility-scale solar and energy storage developer, owner and operator, wholly owned by KIRKBI Climate. The company plays a central role in KIRKBI Climate's efforts to accelerate the deployment of renewable energy and meet rising electricity demand in the U.S. market.
With a growing team of specialists across development, engineering, procurement, construction management, project finance and asset management, the company now manages more than 40 projects while continuing to expand both its operational footprint and its long-term strategic capabilities.
Since KIRKBI's initial investment in Adapture Renewables in 2019, the company has grown from 87 MW to more than 800 MW of renewable energy in operation and under construction. In 2025, Adapture Renewables reached mechanical completion of a 441 MW solar portfolio in Illinois and Arkansas, expected to enter operation in 2026, while its development pipeline grew to more than 6 GW.
Anupam Bhargava, CEO of KIRKBI Climate, says:
"Adapture Renewables is a vital part of KIRKBI Climate’s activities aimed at addressing global climate issues."
Facts:
Since KIRKBI A/S invested in the company in 2019, Adapture Renewables has grown from 87 MW to more than 800 MW of renewable energy in operation and under construction.
Adapture Renewables' development pipeline has now grown to more than 6 GW.
In 2025, Adapture Renewables achieved Certified B Corporation status.
Highview Power – reshaping renewables
Over the past 17 years, Highview Power has been advancing its proprietary liquid air energy storage (LAES) technology to help overcome the intermittency challenges of renewable energy sources, ensuring reliability even when there is no wind or sun.
Today, Highview Power’s LAES technology enables the storage of renewable energy for durations up to several weeks - suitable for deployment at scale across key grid locations. In addition, its technology will provide stability services to the National Grid, paving the way for the long-term replacement of fossil fuel -based power plants for system support.
In June 2024, Highview Power secured a GBP 300 million syndicate investment, including participation from KIRKBI Climate, to fund the construction of one of the world’s largest long duration energy storage facilities – and the UK’s first LAES commercial-scale in Carrington, Manchester.
Once operational in 2026, the facility will have a storage capacity of 300 MWh and an output power of 50 MW per hour for six hours, enough to serve the needs of 480,000 UK homes. This marks a significant step forward for the UK in reducing its reliance on fossil fuels, stabilising energy costs, and bolstering grid reliance – critical enablers for achieving the UK’s net-zero ambitions.
Highview Power – reshaping renewables
Over the past 17 years, Highview Power has been advancing its proprietary liquid air energy storage (LAES) technology to help overcome the intermittency challenges of renewable energy sources, ensuring reliability even when there is no wind or sun.
Today, Highview Power’s LAES technology enables the storage of renewable energy for durations up to several weeks - suitable for deployment at scale across key grid locations. In addition, its technology will provide stability services to the National Grid, paving the way for the long-term replacement of fossil fuel -based power plants for system support.
In June 2024, Highview Power secured a GBP 300 million syndicate investment, including participation from KIRKBI Climate, to fund the construction of one of the world’s largest long duration energy storage facilities – and the UK’s first LAES commercial-scale in Carrington, Manchester.
Once operational in 2026, the facility will have a storage capacity of 300 MWh and an output power of 50 MW per hour for six hours, enough to serve the needs of 480,000 UK homes. This marks a significant step forward for the UK in reducing its reliance on fossil fuels, stabilising energy costs, and bolstering grid reliance – critical enablers for achieving the UK’s net-zero ambitions.