Venture capital

Venture capital fuels innovation in oil & gas, energy, and chemicals

Venture capital firms are fueling innovation across energy, chemicals, and industrials. However, they must navigate technical uncertainty, market shifts, and regulatory complexity to succeed.

ADI Analytics supports venture capital firms with comprehensive consulting services across the entire investment lifecycle, including in-depth market research, critical technical insight, scale-up strategies, commercialization support, and robust commercial validation.

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Venture capital drives new frontiers

Venture capital is vital for commercializing emerging technologies across energy transition, sustainable materials, specialty chemicals, and advanced manufacturing. Investments target early-stage companiesin areas like hydrogen, carbon capture, sustainable aviation fuel (SAF), bioplastics, battery materials, and industrial decarbonization.

Navigating complex investment landscapes

Despite robust innovation, venture capital investors face challenges assessing technical feasibility, product-market fit, regulatory risk, and customer demand. Fast-moving timelines and evolving policies intensify the need for rigorous analysis, while shifting value chains demand agile, informed decisions in scouting, screening, and due diligence.

Scaling and commercializing innovation

Venture-backed companies are pressured to prove scalability, cost competitiveness, and alignment with decarbonization goals. Demonstrating both sustainability and commercial viability is crucial for attracting follow-on capital.

Expert insight for confident investment

ADI helps venture investors build confidence in investment decisions by offering domain-specific insight, commercial validation, and growth strategy support grounded in strong market fundamentals and technical fluency.

How ADI helps

ADI Analytics supports venture capital clients through each phase of the investment lifecycle with data-driven, sector-specific consulting services. Our work spans:

  • Thesis development & trend scouting including market scans, white space mapping, competitor analysis, and identification of high-impact technology and sustainability trends.
  • Opportunity screening through development of screening criteria, creation of opportunity funnels, and high-level technical and commercial assessments of early-stage targets.
  • Commercial and technical due diligence including market validation, TAM analysis, value chain modeling, VoC interviews, business model assessment, and technology readiness evaluation.
  • Portfolio support & strategy involving partnership strategy, go-to-market planning, customer segmentation, and alignment with emerging policies, incentives, and regulatory frameworks.
  • Exit readiness through buyer identification, market positioning support, and preparation of independent market assessments and transaction narratives.

Trusted by venture capital firms around the world

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Industry experience

Carbon dioxide conversion pathways techno-economic assessment

ADI prioritized nine CO2​-to-value pathways, ranging from carbon mineralization for cement to electrochemical routes for circular fuels. The work assessed the energy intensity and technology readiness of photocatalysis and chemo-enzymatic conversion. Analytical modeling of breakeven costs was conducted to identify the most commercially attractive products in the near-term. The client Global investment firm The situation […]

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Corrosion monitoring technology assessment

This assessment by ADI evaluated a fixed, wireless sensor network designed for continuous corrosion monitoring across hazardous upstream, refining, and chemical assets. Analytical modeling incorporated scale-driven reductions to project revenue over a 10-year period. The study surfaced trade-offs between system mobility and the high installation costs of competing fiber optic or electrical resistance probes. The […]

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Hydrogen electrolyzer cost benchmarking and outlook

ADI assessed the cost competitiveness of alkaline, proton exchange membrane (PEM), and solid oxide electrolyzer cell (SOEC) electrolyzers, focusing on the capex variations globally. The work detailed the cost outlook of stack components like bipolar plates and catalyst-coated membranes over a 10-year period. Levelized cost of hydrogen (LCOH) modeling was used to demonstrate variations in […]

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Large stand-off magnetometry (LSM) market assessment

ADI conducted detailed market research for a non-destructive testing (NDT) technology, analyzing its application in difficult-to-pig subsea flowlines. The work evaluated the competitive landscape between established tools like pulsed eddy current and startups using magnetometry tomographic methods. Global asset growth rates and ROV inspection speeds were modeled to estimate a market size and develop an […]

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Low-carbon cement technology and start-up landscape

This study assessed 11 early-stage startups and five decarbonization pathways, including CCUS and clinker substitution, to reach net-zero cement by 2050. ADI modeled CO2​ reduction costs, technology readiness, commercial maturity, adoption outlook, and growth potential across North America and Europe. The client Venture capital firm The situation Strategic ambiguity regarding which low-carbon cement technologies to […]

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Sustainable aviation fuel technology and supply outlook

ADI explored the recovery of global jet fuel demand post-COVID-19. The study analyzed seven ASTM-approved SAF pathways to identify the pathway that will dominate supply and/or offer the greatest decarbonization potential over the long term. Cost analysis was conducted to assess drivers of SAF costs compared to conventional jet fuel. The client Venture capital firm […]

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U.S. upstream oil and gas production IoT market

ADI evaluated the adoption of predictive analytics and IIoT offerings among independent North American operators. The research identified factors impacting adoption and growth and critical solutions to drive adoption in high-producing assets. The client Venture capital firm The situation Need to discern between re-branded automation products and differentiated, value-added IIoT offerings for investment. ADI’s contributions […]

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ADI brings a strong level of professionalism and work ethic that you don’t find in all firms.
Alexander Rozenfeld VP, Shell Technology Ventures

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