What does California Energy Commission invest in?
California Energy Commission invests most often at Grant and Venture (80% of the rounds on record), in sectors such as Smart Grid, Renewables and Utilities.

United States · Investor
Last cheque observed Sep 2026; 52 cheques on record.
Deploying nowGovernment
18 cheques in the last 12 months
Mostly Grant and Venture: 80% of its rounds
Sole investor in 20 rounds, median $7.0M
Every round we can evidence, newest first52 appearances
14 rounds
16 rounds
8 rounds
4 rounds
An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.
From their own portfolio page (on their website)
FlickrBe Counted, CaliforniaGavin Newsom California GovernorSaveourwaterWade Crowfoot Secretary
Weaker than a round we watched, stronger than a list somebody sold us. A firm is far less willing to put a company on its own site that it never funded.
The investors most often in the same rounds as California Energy Commission. A count of rooms they were both in, not a relationship either has claimed.
The latest companies California Energy Commission put money into.
Episodes that name California Energy Commission in their description, not their title.

Why Circularity Fuels Started with Diamonds to Scale Sustainable Jet Fuel
MentionsCalifornia Energy CommissionDCVC

Skilled Labor Series: Decoding HERS, the Key to Home Energy Efficiency
MentionsCalifornia Energy Commission
California Energy Commission invests most often at Grant and Venture (80% of the rounds on record), in sectors such as Smart Grid, Renewables and Utilities.
52 investments on record, 18 of them in the last 12 months. The most recent was in Sept 2026.
Its most recent investments on record: Moon Five Technologies (Debt, Sept 2026), Circularity Fuels (Seed, Jun 2026) and Scale Microgrids (Grant, Jun 2026).
The median round it joins is $5.8M.
Rarely, if at all: none of its 52 investments on record names it as the lead.
Most of the companies it backs are in the United States (95%).
Yes: it is actively investing, with 18 investments in the last 12 months.
Most often US Department of Energy (9 rounds together), National Science Foundation (6 rounds together) and Cleantech Open (5 rounds together).
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Built from the rounds we watched, its filings and its own website, refreshed every night. How we count · Report a correction · Is this your firm? Claim it