Reduces energy and water consumption in mission-critical facilities including data centers.
Founded in 2017, XNRGY designs and manufactures sustainable HVAC systems engineered to reduce energy and water consumption across demanding operating environments. Its systems are deployed in data centers, healthcare, battery plants, and other precision applications. With products consuming as little as 70% of the energy used by conventional systems and offering up to a 25% smaller footprint, XNRGY’s platform is both environmentally and operationally optimized.
In May 2025, XNRGY commenced operations at its new 275,000-square-foot manufacturing facility in Mesa, Arizona—the first phase of a planned one million-square-foot innovation campus. This facility significantly expands the company’s capacity to meet surging demand for high-performance thermal management across AI, modular, and edge data center deployments. At full capacity, the Mesa operation is expected to employ over 1,000 skilled workers and serve as a cornerstone of Arizona’s clean technology and advanced manufacturing ecosystem.
Details
Anup Jacob
Managing Partner
Anup has been investing for over 20 years in energy, water, and industrial technology businesses.
Prior to co-founding Activate, Anup was a founder and partner at Mubadala Capital, an Abu Dhabi sovereign wealth fund; a Managing Partner at Masdar, a subsidiary of Mubadala focused on sustainable investments; a Co-founder and Partner at Virgin Green Fund, the green investment vehicle for Richard Branson’s Virgin Group; and a Partner at TPG-Aqua where he focused on investments in the water sector.
Anup is on the non-profit board of Grid Alternatives, which aims to bring renewable energy to low-income homeowners, and is a Founding Member of the Advisory Board of the Energy Policy Institute (EPIC) at the University of Chicago.
Anup holds a degree in Economics, with honors, from the University of Chicago.
Emma Bell
Vice President
Emma is a Vice President at Activate, where she focuses on deal sourcing, due diligence, execution and supporting portfolio companies post-investment. She is a Board Observer at portfolio companies Tomorrow.io and PosiGen.
Prior to joining Activate, Emma was a Vice President at Sidewalk Infrastructure Partners (SIP), where she worked closely with portfolio companies and evaluated new technology-enabled infrastructure investments across the energy, mobility and circular economy sectors. Prior to joining SIP, Emma was an Investment Associate on JP Morgan’s Renewable Energy Investments team. Emma began her career at JP Morgan as an Investment Banking Analyst in their New York office.
Emma holds a degree in Operations Research Engineering and a minor in Applied Economics and Management from Cornell University. In her free time, Emma enjoys the outdoors, reading books on modern sociology and spending time with family in Chicago.
Highlights
combined value of systems engineered and designed under XNRGY leadership
