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David Danielson

Managing Director at Breakthrough Energy Ventures

Bethesda, Maryland

Overview 

David Danielson is the Managing Director at Breakthrough Energy Ventures and a former US Assistant Secretary of Energy Efficiency & Renewable Energy. With a PhD from MIT and experience investing in companies like Molten Industries and Form Energy, he specializes in business development within the EnergyTech, TransportationTech, and ClimateTech sectors.

Work Experience 

  • Managing Director

    2017 - Current

    Investor in: Redwood Materials (sustainable Li-ion battery supply chain for EV's), Electric Hydrogen (renewable hydrogen), KoBold Metals (battery materials), Lilac Solutions (lithium production), Form Energy (long duration grid storage), Fervo Energy (geothermal), Electra (carbon-free steel), Mill Industries (food waste), M2X Energy (bio-methanol from stranded biogas resources), QuantumScape (NYSE: QS) (batteries)

  • Investor

    2024

Molten Industries develops clean technology with the goal of decarbonizing the hydrogen market.

Raised $27,000,000.00 from Steelhead Capital Management, Moai Capital, Breakthrough Energy Ventures, J4.Ventures, Jane Woodward, Fifty Years, Mark Heising, Peter Attia, Union Square Ventures and UVC Partners.

  • Investor

    2023

M2X Energy is a scalable methane conversion technology company that provides automated gas-to-product systems for methane conversion.

Raised $64,000,000.00 from Conifer Infrastructure Partners, Eni Next, AddVentures, Breakthrough Energy Ventures and Autodesk Foundation.

  • Investor

    2021

Electric Hydrogen develops electrolyzer technologies to enable abundant, low-cost, and clean hydrogen to replace fossil fuels.

Raised $798,300,000.00 from Hercules Capital, Stifel Venture Banking and Lending Group, JP Morgan, HSBC and Trinity Capital.

  • Investor

    2018

Form Energy develops and commercializes low-cost battery systems to support renewable electric grids.

Raised $1,517,765,461.00 from Capricorn Investment Group, GE Vernova, Gigascale Capital, TPG Rise Climate Fund, T. Rowe Price, Breakthrough Energy Ventures, Temasek Holdings, NGP Energy Technology Partners, Energy Impact Partners and GIC.

  • Investor

    2020

Redwood Materials is a battery recycling startup that makes electric vehicles and sustainable materials for circular supply chains.

Raised $3,817,000,000.00 from T. Rowe Price, Goldman Sachs Asset Management, Future Positive, Deepwater Asset Management, Microsoft Climate Innovation Fund, Capricorn Investment Group and Caterpillar.

  • Investor

    2018

KoBold Metals is an AI-powered critical mineral startup that discovers essential materials for electric vehicles and renewable energy.

Raised $898,955,627.00 from Bond, Equinor Ventures, Earthshot Ventures, T. Rowe Price, Andreessen Horowitz, July Fund, BHP Ventures, Breakthrough Energy Ventures, Mitsubishi Corporation and John Zimmer.

  • Investor

    2018

Fervo Energy develops clean energy technology to generate carbon-free energy from geothermal systems.

Raised $531,000,000.00 from DCVC, Capricorn Investment Group and Congruent Ventures.

  • Investor

    2020

Mill offers a kitchen bin that dries, shrinks, and de-stinks leftover food, eliminating food waste.

Raised $70,378,750.00 from Gigascale Capital, Breakthrough Energy Ventures, Springdale Ventures, Bradley Horowitz, Energy Impact Partners, Prelude Ventures, MarketX Ventures, Lowercarbon Capital, Buckhill Capital LP and Google Ventures.

  • Investor

    2020

Electra is decarbonizing ironmaking for green steel production using intermittent renewable energy and low-grade iron ores.

Raised $113,505,996.00 from BloombergNEF.

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