By: Maria Williams
London-based energy transition group Inovatt is powering an ambitious future with the application of cutting-edge investment strategies. Founded in 2022 to disrupt the complacency of the energy sector, Inovatt tackles challenges head-on. The company leverages key industry expertise and complex investment vehicles to accelerate the global energy transition. Co-founder Kevin Onyeka asserts that the company, although new in the industry, has already accelerated its growth due to its board of experienced veterans in the energy sector.
In recent decades, the severity of the climate crisis has come into focus. Businesses, communities, and governments are well aware of the urgent need for sustainable initiatives. However, high integration costs and a fragmented market of solutions are preventing effective action from being taken. A recent report from the UN notes that carbon emissions must be reduced by 45% by 2030 to meet the 1.5C global warming target of the Paris Agreement. Little progress has been made in achieving these goals, which is why Inovatt aims to disrupt the market with an alternative strategy. The energy transition group utilises a unique investing strategy to acquire energy companies with a vision of decarbonization in the sector. After a successful transaction, the company’s value is automatically enhanced through the integration of Inovatt’s unique structures and processes.
Since its founding, the company has made multiple notable acquisitions in energy services and is on track for progressive growth of up to 5x value, shortly after the successful transfer of ownership. Inovatt credits its success to the team’s rich expertise in structured finance, contract negotiation, project development, and regulatory compliance. Inovatt is set to acquire 5 energy services a year, creating a conglomerate of energy companies in the sector in the hopes of advocating for decarbonization in the industry. Most recently, Inovatt has over $150 million in the pipeline of acquisitions in the energy sector. Weir Construction, an oil services company, was recently acquired by Inovatt. Weir Construction, a leading energy servicing company in Alberta, now focuses on the remediation of oil and gas assets. Fundwise, an innovative industry-leading corporate finance advisory firm was an instrumental partner which has led all of Inovatt’s capital raises to date and has planned to structure the funding for all of Inovatt’s future transactions.
As Inovatt reviews possible acquisitions in its pipeline, the company remains dedicated to its mission of promoting energy security, affordability, and environmental impact. Inovatt’s sustainable solutions cultivate sustainability and social responsibility while stimulating innovation.
“Inovatt’s talented team is empowering countries, communities, and organisations with cutting-edge, eco-friendly technologies and green investments,” Kevin says. “Our goals are ambitious but instrumental in the global energy transition. As we expand, we hope to continue to empower communities and create meaningful employment in the sector.”
In addition to driving innovation in green technology, Inovatt seeks to leverage strategic partnerships to enhance the development and deployment of renewable energy projects. By focusing on long-term investments in clean energy infrastructure, the company not only mitigates environmental risks but also addresses the growing global demand for sustainable energy sources. As a key player in this transformation, Inovatt’s efforts align with global goals to reduce carbon emissions and promote economic growth through sustainable development initiatives.
Published by: Nelly Chavez
