energy decisions optimized per day

metric tons of CO₂ saved
(1.8M total metric tons¹)

1,700

3.8M

519,100

MW of renewable energy installed

households served

renewable energy systems installed
(300K total¹)

100,000

10,000

Impact Metrics

Investment Profiles

Impact and Investment Thesis

1Komma5 is driving the decarbonization of the built economy in Germany and across Europe by offering a comprehensive, end-to-end solution for home energy management. With a mission to accelerate the net-zero transition, the company enables homeowners to monitor and optimize energy usage in real time through its proprietary software, which leverages machine learning to reduce costs and maximize efficiency. 1Komma5’s strong M&A strategy, having integrated 30 local businesses, enhances regional density and scalability, while its experienced leadership team, with backgrounds at Tesla, Google and Bosch, supports continued innovation and growth.

Recent Activity

• 1Komma5 launched its AI-optimized energy storage system in Germany, empowering households to actively participate in the energy transition by using smart technology to store clean electricity, reduce grid strain and increase cost savings through dynamic energy trading capabilities. (October 2024)

• The company received approval to provide frequency containment reserves in Sweden, representing an important milestone in grid stabilization and the preparation for approval in other European markets. (December 2024)

• 1Komma5 opened its first flagship store in Copenhagen, representing the first one-stop-shop for clean energy solutions in Denmark. (January 2025)

• The company expanded its portfolio to include controllable air conditioning systems, representing the first provider in Germany to integrate air conditioning into a dynamic energy management system, enabling a more climate-neutral and affordable option. (May 2025)

• 1Komma5 was recognized by EUPD Research as one of the “Top Brand PV Installers 2025” in Europe, positioning 1Komma5 as one of the leaders in all six of its European markets, including Spain, Denmark, Sweden, Finland, the Netherlands and Germany. (May 2025)  

Investment Profiles

Impact and Investment Thesis

The company is the largest intermediary in environmental certifications, with the broadest suite of products and widest geographic reach across the value-chain. Carbon offsetting programs promote improved climate change management and reduce environmental impact. The company is supported by strong industry tailwinds driven by increasingly stringent global regulatory environmental policy and enhanced voluntary offsetting actions from organizations.

Recent Activity

• ACT France achieved ISO 9001 certification, a globally recognized quality management standard, marking a major milestone by validating its commitment to high-quality energy performance services and enabling more energy efficiency projects across Europe. (September 2024)

• The company opened an office in Miami to enhance its longstanding presence and enable greater support for businesses operating in Latin America. (March 2025)

• ACT also opened a new office in Madrid to provide faster, more direct support for companies navigating Spain’s Energy Savings Certificate system and to be closer to the corporate clients driving decarbonization across their operations and value chains. (June 2025)

GJ of compressed biogas produced

metric tons of food waste processed

27,900

166,600

Investment Profiles

Impact Metrics

South Korea has made significant strides in recycling food waste, transforming from a nation that once recycled only 2% of its food waste to now recycling an impressive 95%

Impact and Investment Thesis

BEF plays a vital role in advancing South Korea’s circular economy by converting food waste into feed, fertilizer and other byproducts, and it is expanding into biogas production to support national emissions reduction goals. The company’s vertically integrated system is designed to process a wider range of solid food types compared to competitors, enabling higher utilization rates. As one of the largest private operators in the region with key regulatory approvals, the company is well-positioned to absorb growing demand, unlock new revenue streams and scale through acquisitions, client diversification and geographic expansion.

Recent Activity

• Daewon acquired Daechong, a small-sized food waste treatment operator, further improving its market leading position. (June 2024)

• The company merged with BEF, which processes liquidized food and livestock waste into electricity, biodegradable gas and liquid & solid fertilizers. (March 2025)

Investment Profiles

Impact Over Hold Period

Patient Treatments Provided via Better Access to Healthcare

2024

2023

Impact Metrics

Impact and Investment Thesis

Sleep dysfunction is a chronic widespread issue, with 50 million to 70 million Americans reporting dysfunctional sleep and an estimated 54 million adults suffering from sleep apnea. The CDC has labeled insufficient sleep as a “public health epidemic.” Accessibility is key to ensuring positive patient outcomes, and when combined with a more affordable and comprehensive solution, BetterNight is better able to serve customers than competitors.

Recent Activity

• During Mental Health Awareness Month, BetterNight highlighted the following sleep apnea statistics: (i) approximately 80% of moderate and severe obstructive sleep apnea cases are undiagnosed, (ii) untreated sleep apnea can lead to a 3-4 times higher risk of stroke and a 2-3 times higher risk of heart disease and (iii) the economic impact of undiagnosed sleep apnea in the U.S. is estimated to be nearly $150 billion annually. (May 2024) 

• The Company noted the intersection between sleep apnea and hypertension, emphasizing the cardiovascular risks associated with disrupted breathing during sleep. BetterNight referenced studies that show early detection and treatment of sleep apnea in hypertensive individuals improves patient outcomes, promoting continuous positive airway pressure therapy as an effective treatment for sleep apnea and lowering blood pressure. (May 2024) 

• BetterNight highlighted the gender-specific differences in sleep apnea diagnoses and treatment, sharing that symptoms often present differently in women than men and emphasizing the importance of personalized treatment and advancements in technology to ensure equitable and improved sleep health outcomes. (June 2024) 

• The Company announced its acquisition of Epoch Sleep Centers, a provider of full-service sleep apnea solutions including diagnostics and treatment, which is expected to expand BetterNight’s geographic footprint in the Northeastern U.S. (September 2024)  

Investment Profiles

$497M

saved on energy bills ($6.4B projected to be saved over the lifetime of projects completed in 2024)

Impact Metrics

Metric tons of CO₂ emissions averted

16.5 million

Savings to low-income customers on energy bills

$319 million

Savings to customers on energy bills

$7 billion

Leading the Transition to a Sustainable Future 

In 2023, CLEAResult averted 1.4 million metric tons of CO₂, which is equivalent to keeping over 275,000 homes off the grid for a year. This same work saved customers $549 million on their energy bills in 2023. When you consider the lifespan of energy efficiency upgrades implemented by 2023 programs, those numbers increase more than tenfold of lifetime impact. As CLEAResult grows, so does the long-term, positive impact for the planet, people and the communities where we live and work.

Homes' electricity
for a year

5.1 million

Acres of US forest sequestering carbon

19.1 million

Passenger vehicles removed from the road for a year

3.9 million

Impact and Investment Thesis

CLEAResult operates within the growing $2.5B outsourced energy efficiency market. The company’s core offerings help address the growing gap between energy supply and demand by improving energy efficiency and supporting the transition to cleaner energy sources. CLEAResult directly contributes to a reduction in energy consumption, easing strain on the grid and lowering costs.

Recent Activity

• CLEAResult announced a partnership with Walker-Miller Energy Services, one of the largest African America and woman-owned energy efficiency companies in the U.S., to bring equitable energy efficiency and electrification programs to over 10M Michigan residents. (October 2024)

• The company partnered with the Energy Trust of Oregon to continue implementing, and develop new phases for, its New Buildings Program, which assists design teams, contractors and developers in constructing new buildings with efficiency at their core. (December 2024)

• CLEAResult launched its ChooseEV Fleet Electrification Assessment Tool, which is designed for utilities to support customers transitioning their fleets to electric vehicles. (February 2025)

• The company announced a new partnership with Encentiv Energy, the leading source of commercial and industrial utility incentive data, aimed at simplifying the often-complex process of securing energy efficiency rebates for commercial customers. (June 2025) 

Investment Profiles

Impact and Investment Thesis

Envision Energy promotes renewable energy adoption by producing and maintaining wind turbines equipped with efficiency-increasing technology, aiming to ultimately achieve net-zero emissions. Strong secular tailwinds such as carbon-neutral pledges from both companies and countries, as well as accommodative public policy, align with the renewable energy transition facilitated by the company. Envision Energy is well-positioned to continue scaling and contributing to the renewable energy transition as the #4 ranked wind business by volume globally and #2 domestically, with the highest growth rate compared to other leading players in 2020.

Recent Activity

• In partnership with the Spanish government, Envision Energy plans to develop the first integrated green hydrogen net zero industrial park in Europe. (September 2024)

• The company was included in Fortune's 2024 Change the World list for a second time as it continues to lead the industry in innovating new large-scale net-zero industrial park and full-stack green hydrogen technologies.
  (October 2024)

• Envision Energy signed the Philippines' largest single wind power contract to date, agreeing to supply 344.5 MW wind turbines. (December 2024)

• The company signed an agreement with Kazakhstan Utility Systems, one of the country’s leading energy companies, to establish a renewable energy facility in Kazakhstan, supporting the country’s goal of carbon neutrality by 2060. (January 2025)

• Envision Energy announced a strategic collaboration with Brazilian government to develop Latin America’s first net-zero industrial park in Brazil anchored by the production of sustainable aviation fuel. (May 2025)

• The company officially commissioned the world's largest and most advanced green hydrogen and ammonia production facility, which is also the first of its kind to be fully AI-enabled, achieving real-time optimization and delivering 320K tons of green ammonia annually. (July 2025)

• Envision Energy and FERA Australia, a dedicated Australian renewable energy developer, announced an agreement to collaborate on the delivery of large-scale hybrid renewable energy projects across Australia's National Electricity Market – the first initiative of its kind in Australia. (July 2025)   

GES Value Proposition

GES Offers a Fully Integrated Suite of Industrial and Waste Management Services to Support Industrial Clients in Reducing Their Environmental Footprint

Investment Profiles

Impact Thesis

• GFL Environmental Services (“GFL”) plays a critical role in addressing environmental challenges through liquid waste management and soil remediation services, which are increasingly essential in a highly regulated environment across the U.S. and Canada. 

• The company provides a full suite of environmental services, including cleaning, decontamination, removal, transportation, processing and disposal of hazardous and non-hazardous waste, as well as large-scale project and emergency response support, such as oil spill cleanups. 

• With a business model fully dedicated to environmental services, GFL generates revenue directly tied to its ability to deliver measurable environmental impact and promote a circular economy. 

• Industrial and municipal clients rely on GFL to meet sustainability goals and comply with evolving environmental regulations, reinforcing its role as a trusted partner in environmental stewardship.

Investment Thesis

• The company’s vertically integrated model and dense asset base provide a competitive edge, enabling high recurring revenues and significant barriers to entry due to the extensive facility permitting process. 

• GFL has demonstrated consistent organic growth of approximately 12% annually over the past four years, supported by an industry-leading EBITDA-to-capex conversion rate of 75%.  

• Favorable industry and regulatory trends are driving increased demand for waste management services, with the sector expected to grow at a 5% CAGR over the next five years.  

• The investment is supported by two experienced sponsors, with Apollo Global Management bringing meaningful experience and knowledge across credit, private equity and infrastructure strategies, and BC Partners contributing complementary insights from its longstanding relationship with the Company since 2018.

Refrigerants recovered in metric tons (to be tracked) 

Wastewater treated in gallons
(to be tracked) 

Antifreeze recycled in gallons
(to be tracked) 

Used motor oil refined in gallons
(to be tracked) 

Soil recycled in metric tons
(to be tracked) 

Impact Metrics