Publications
Publications
- September 2024
- HBS Case Collection
TechEnergy Ventures: Innovating Through Corporate Venture Capital
By: Rebecca Karp and Lena Duchene
Abstract
This case examines TechEnergy Ventures, the corporate venture capital (CVC) arm of the Techint Group, and its role in scaling innovation within the energy sector. Founded in 2021, TechEnergy Ventures operates with a mandate to invest in disruptive technologies to support the Group’s decarbonization and diversification efforts. As the fund approaches the end of its initial five-year mandate, Alejandro Solé, the chief investment officer, is faced with a critical decision: whether to invest in a promising early-stage fusion energy startup or to focus on scaling existing investments within the fund's strategic verticals. The case raises important questions about the role of CVCs in balancing risk and opportunity, aligning with corporate goals, and positioning itself for future growth. It offers insights into how TechEnergy Ventures navigates these challenges to drive innovation and create business development opportunities for the Techint Group.
Keywords
Transition; Alternative Energy; Renewable Energy; Metals and Minerals; Mining; Corporate Entrepreneurship; Climate Change; Environmental Sustainability; Corporate Finance; Venture Capital; Financial Strategy; Investment Portfolio; Growth and Development Strategy; Adaptation; Diversification; Innovation Strategy; Energy Industry; Financial Services Industry; Italy; Europe; Latin America; Argentina
Citation
Karp, Rebecca, and Lena Duchene. "TechEnergy Ventures: Innovating Through Corporate Venture Capital." Harvard Business School Case 725-393, September 2024.