This case examines TechEnergy Ventures, the corporate venture capital (CVC) arm of the Techint Group, and its role in scaling innovation within the energy sector. Founded in 2021, TechEnergy Ventures operates with a mandate to invest in disruptive technologies to support the Group's decarbonization and diversification efforts. As the fund approaches the end of its initial five-year mandate, Alejandro Sol , the chief investment officer, is faced with a critical decision: whether to invest in a promising early-stage fusion energy startup or to focus on scaling existing investments within the fund's strategic verticals. The case raises important questions about the role of CVCs in balancing risk and opportunity, aligning with corporate goals, and positioning itself for future growth. It offers insights into how TechEnergy Ventures navigates these challenges to drive innovation and create business development opportunities for the Techint Group.