PRNewswire/ – Blue Bear Capital, a venture and growth equity fund focused on digital technologies for the energy industry, has announced the appointment Lord Browne of Madingley to its Advisory Board.
Lord Browne has an exceptional record of leadership across the energy and investment industries, having served as Chairman and CEO of BP, co-head of the world’s largest renewable energy investment fund at Riverstone Holdings, non-executive director of Goldman Sachs and Intel, and President of the Royal Academy of Engineering, among numerous other positions.
According to Lord Browne, “The energy industry has always been driven forward by technology. The next great wave of technology is digital. Blue Bear has identified this early and become a leading investment partner connecting digital tech entrepreneurs with larger operators who must innovate to stay competitive and sustainable. I have worked with members of the team for ten years and am excited to support Blue Bear in building the next generation of leading energy companies.”
Welcome Lord Browne’s support, saying, “Lord Browne is one of the most accomplished and respected leaders in the global energy industry, largely because he is always looking forward. At BP he was an early advocate for supercomputers in improving oil and gas development, and later led the push for supermajors into renewable energy. His extraordinary experience across operations, strategy, and investment along with his global network will be valuable assets to Blue Bear and our family of portfolio companies.”
Blue Bear is a venture capital and growth equity fund driving capital-light digital technologies into multi-billion-dollar verticals across the energy industry.
Blue Bear’s portfolio covers AI, IoT, and cyber security technologies, all earning material revenues from leading enterprise customers as they improve the economics of wind and solar energy while driving efficiencies in oil and gas.
Lord Browne joined British Petroleum in 1966 and became a member of the Board of Directors in 1991.