2026 Annual Impact Report for the Blackhorn Ventures Industrial

We are pleased to share the 2026 Annual Impact Report for Blackhorn Ventures Industrial Impact Funds I and II. Each company profiled here has made meaningful, measurable progress against the Funds' social and environmental impact objectives, and we're proud to be their partners.

This progress comes against a demanding backdrop: rising energy demand, persistent supply chain volatility, and a renewed national focus on energy security are reshaping the industrial economy, even as the imperative to decarbonize remains. Blackhorn invests in companies that meet this moment — solutions that strengthen industrial competitiveness while delivering impact at scale. We believe this is the greatest value creation opportunity of our time, and the most durable path to addressing climate change. The companies in this report make that case better than we can.