StB Capital Partners

StB Capital Partners is a Brisbane, Australia-based venture capital firm dedicated to accelerating the global energy transition through targeted investments in innovative companies. The firm champions the advancement of energy transition solutions by actively partnering with world-class teams focused on the electrification of the transportation sector, decarbonisation of the energy sector, and other compelling adjacencies within the built environment and industrial sectors. Established as a venture capital firm in 2015, StB Capital Partners evolved from earlier entities founded in 1980 by energy industry veteran Trevor St Baker AO, who also established ERM Power, an energy company that listed on the ASX and was later acquired by Shell.

At its core, StB Capital Partners operates with a practical and results-driven approach, guided by principles of sustainability, economics, and ethics. The firm seeks to deliver superior economic returns alongside sustainable outcomes, integrating rigorous environmental stewardship, social responsibility, and robust governance practices into every investment decision. They are committed to investing in early-stage growth companies that offer disruptive solutions, demonstrating compelling business models with a clear path to profitability. While primarily aiming to boost Australian innovation, StB Capital Partners also pursues strategic overseas investments with attractive risk-return profiles.

Under the seasoned leadership of Trevor St Baker AO as Founder and Deputy Chair, and Chris Hay as CEO and Managing Partner, the firm is uniquely equipped with deep industry insights and a visionary outlook to identify and nurture opportunities that will shape the future of the energy sector. Their strategic investment expertise has led to significant achievements, including realising A$136 million in proceeds from an A$29 million investment in NOVONIX, resulting in an impressive 4.71x return on invested capital and an 80.6% internal rate of return over five years. Other notable exits include ERM Power, which generated A$144 million in proceeds.

The firm's investment committee, responsible for decisions for its Energy Transition Fund (Fund II), comprises Chris Hay, independent chair Mark Woodall, and independent member Isabelle Demir. StB Capital Partners differentiates itself by fostering innovative technologies and services that are already market-proven, concentrating on companies poised for significant sales growth under experienced management. This collective expertise and commitment position StB Capital Partners as a trailblazer, laying the groundwork for a future where energy innovation and e-mobility thrive globally.