# Clean Energy Capital

Clean Energy Capital is a Private Equity based in Tucson, United States.

## Overview

- **Organization type:** Private Equity
- **Headquarters:** Tucson, United States
- **Region:** North America
- **Address:** Tucson, AZ, United States
- **Founded:** 2019
- **Assets under management:** Undisclosed
- **Website:** cleanenergy.enterprises
- **LinkedIn:** https://www.linkedin.com/company/clean-energy-capital

## Regulatory record

- **Reports private funds:** No

## About

Clean Energy Capital is an investment bank that advises water, energy and infrastructure clients with a core focus on project finance and public-private partnerships. Since it was founded in 2008, Clean Energy Capital has helped clients raise more than $16 billion in project financing, and has received deal-of-the-year awards from Project Finance, The Bond Buyer, and Global Water Intelligence.

## Sectors

- Energy Transition & Renewables
- ClimateTech
- Infrastructure
- Industrial Tech

## Offices

- France
- India

## People

- Jean-Louis Kindler — CEO

## Questions

### Who runs investment and operational decisions at Clean Energy Capital?

Jean-Louis Kindler serves as CEO and leads both the parent company, Clean Energy Enterprises, and its wholly-owned subsidiary, Ways2H. The firm consolidates strategic, investment, and operational authority under Kindler, with no additional named principals publicly disclosed. This concentrated leadership structure aligns with the firm's identity as an owner-operator rather than a distributed investment committee model.

### What is the RefHynery system, and what are its core economics?

The RefHynery is Ways2H's proprietary modular system that converts unsorted waste streams — including plastics, municipal solid waste, and biomass — into clean hydrogen and solid carbon products. A standard unit processes 25 to 30 tons of waste daily to produce up to three tons of carbon-negative hydrogen, permanently sequestering approximately 44 tons of CO₂ into useful materials like carbonates and graphene. The firm targets hydrogen production costs of $6 to $7 per kilogram at the pump.

### Which geographies does Clean Energy Capital actively target?

The firm maintains a headquarters in Tucson, Arizona, and expanded its European presence in 2025 with the creation of Clean Energy Enterprises SAS in France to manage European and other selected markets. It also holds a direct operational presence in India. This tri-regional footprint reflects a strategy of deploying decentralized waste-to-hydrogen systems in markets with both waste elimination challenges and industrial decarbonization mandates.

### How is Clean Energy Capital's technology differentiated in the waste-to-hydrogen market?

The firm's subsidiary Ways2H employs a proprietary thermochemical conversion process that handles multiple unsorted feedstocks, including plastics and sewage sludge, without requiring pre-sorting — a technical hurdle for competing gasification pathways. The process is self-sustained once initiated, and the modular, decentralized design avoids the infrastructure dependency of large centralized hydrogen plants, targeting smaller communities and industrial clusters directly.

### What is the corporate structure between Clean Energy Enterprises and Ways2H?

Clean Energy Enterprises Inc. serves as the parent entity managing the group's intellectual property and overseeing project development. Ways2H functions as a wholly-owned subsidiary focused solely on engineering, building, and selling the RefHynery waste-to-hydrogen systems. This separation centralizes technology ownership while creating a distinct commercial unit that could, in theory, sell systems to third-party operators beyond the parent's own project portfolio.

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Last updated: 2026-06-03T20:00:00.000Z

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