Energy systems waste more than they need to. We invest in companies that recover and redistribute energy that would otherwise be lost, improve efficiency and deliver energy solutions across cities and industries. This includes heating and cooling, materials recycling and carbon management. As demand for AI and power-intensive computing grows and the digital transformation accelerates, an integrated approach to the sustainable use and re-use of energy becomes critical. This includes how data centres are connected to the wider energy system, and the digital infrastructure that connects and coordinates it.