Under its „Empowering customers. Shaping markets.“ strategy, E.ON’s drive to retail distributed and novel energy technologies and business models will be supported by venture-capital activities for strategic partnerships. They are designed to find the next big energy propositions that will improve E.ON’s offer to its millions of customers around Europe via its global and regional businesses.
The best new businesses will be selected for collaboration and commercialization opportunities and equity investments. The investments will focus on strategic technologies and business models that enable E.ON’s desire to lead the move to distributed, renewable and disruptive energy propositions. Customers can be offered the best energy choices for their needs. And new technology companies benefit from early scale while E.ON accesses cutting edge innovations and participates in the value created.
E.ON has made the following investments to date:
Greensmith is one of the largest providers of energy storage software and integration services. It’s mission is to make energy storage a fundamental part of a cleaner, more intelligent and distributed energy infrastructure. Now in its fifth generation, Greensmith's GEMS software platform optimizes the performance of energy storage by lowering costs and maximizing the system's return on investment through life.
The Company is based in Herndon, Virginia.
Bidgely offers energy companies cloud-based, real-time applications that their residential customers can access via the internet or mobile devices. The applications enable customers to better manage their energy usage and compare it with that of similar households in their area. One of its features is energy-saving tips for home electronics, appliances, and heating units, which are sent as push notification messages to customers’ mobile devices.
The Company is based in Sunnyvale, California.
Enervee provides a dynamic platform on which consumers can make more energy-efficient choices when it comes to household appliances, devices and electronics. Enervee does this via a comprehensive scoring process that con-stantly compares the efficiency of the product in question with all those in the category. This intuitive efficiency score – the Enervee Score - is then combined with other data such as popularity and reviews, enabling consumers to better and more easily choose the products that are best for the home, their wallet and the environment.
The company is based in Santa Monica, California.
Space-Time Insight develops real-time visual analytics applications that enable companies to respond rapidly to dynamically changing markets and operating conditions. E.ON will use Space-Time Insight’s products primarily for its renewables and smart metering businesses.
The company is based in San Mateo, California.
Bloom Energy is a provider of breakthrough solid oxide fuel cell technology that is commercially available and is producing power for many Fortune 500 customers including AT&T and Walmart at the highest reliability and efficiency:
- Their product is scalable in 100 kW steps and can be utilized in applications such as commercial office, retail and distribution warehouse buildings, hospitals, mission critical data centers, universities, and utility scale power generation
- Founded in 2001, Bloom Energy is headquartered in Sunnyvale, California
- Investors include: Alberta Investment Management Corp, New Enterprise Associates, Morgan Stanley and Kleiner Perkins.
"Waste heat in, CO₂ free electricity out!"
- Orcan Energy GmbH is a spin-off from Technische Universität München, Germany, and was founded in 2008
- Orcan is the global technology leader in small scale modular ORCs. Their 20 kW ePack technology allows for using waste heat to generate electricity, thus considerably increasing the efficiency of many industrial sites and distributed electricity generation plants
- The modularity of their product combined with their fundamentally different cost structure allows Orcan to disrupt the waste heat recovery market within the next years
- Other investors include Kleiner Perkins and Wellington Partners.
The Westly Group
Westly’s Fund II focuses on the world’s top clean tech companies:
- Westly helps entrepreneurs build companies like Tesla Motors. Four of their portfolio companies have gone public on NASDAQ in the last six years
- Westly evaluates roughly 800 companies a year in over 20 different sectors of clean tech including renewable energy and smart grid, building energy efficiency, and transportation and biofuels
- Based in Silicon Valley, California.
Customer engagement platform
E.ON aims to improve its relationship with customers and to provide them with tools that will help them use energy more efficiently. Innovative internet-based solutions are an essential part of this effort. They not only add value for customers but also enhance customer loyalty and satisfaction.
Internet of Things (IoT) Infrastructure/Machine-to-Machine Platform
E.ON will use this company’s hardware, software, and services. This smart home infrastructure gives E.ON a wide range of energy management applications for solar, home automation, and connected lighting. The platform’s advanced energy management capabilities, which include fault recognition and self-healing, will help customers reduce their energy costs.
AutoGrid is dedicated to bringing the power of Big Data, predictive analytics and Internet scale computational techniques to the production and consumption of electricity. Serving utilities of all sizes, grid operators, electricity retailers, ESCO services companies, and end-users, AutoGrid develops and markets services that both help lower costs and improve reliability of the electricity supply chain.
Autogrid is based in Redwood Shores, California
FirstFuel Software is the trusted source for energy use intelligence. FirstFuel helps customers deliver scalable energy efficiency through the Remote Building Analytics platform, which uses advanced meter data analytics to identify, enable, and track energy efficiency savings behind the meter in commercial buildings – all without onsite visits or device installations. Designed to be rapidly and cost-effectively deployed across hundreds or thousands of commercial buildings, FirstFuel changes the scale at which the sector can achieve its energy efficiency goals.
Founded in 2009 and privately held, FirstFuel is headquartered in Lexington, Mass.
Sungevity is a global solar energy provider focused on making it easy and affordable for homeowners to benefit from solar power. Since new, more customer-centric solutions around residential solar arise, E.ON wants to provide their customers with the best solutions available. The group is leveraging Sungevity’s proprietary remote solar design technology to offer homeowners in the Netherlands significant saving on their electricity bills.
Sungevity is based in Oakland, California.
A Berlin-based start-up that helps residential customers to get an efficient and environmentally friendly supply of heat. The company enables customers to compare a variety of heating system manufacturers and technologies in a quick, easy, and cost-effective way, based on an innovative online platform and an in-house developed IT infrastructure. As a result of this, they can then choose and purchase the system that best fits their needs. The selected unit is installed by certified technicians from Thermondo. The company combines the speed and wide product range of an internet company with the outstanding workmanship of experienced HVAC technicians.
Leeo develops and provides smart home solutions consisting of simple and intelligent plug-and-play devices and related data services. The company develops products and services for itself as well as select enterprise partners.
The company is based in San Francisco, CA.
Organic Response develops innovative smart lighting controls for commercial and public buildings. Its patented autonomous algorithm architecture uses distributed intelligence to interconnect individual light fixtures, transforming buildings into occupant-centric, energy-efficient ecosystems. Independent studies have shown that the system can reduce a building’s lighting energy consumption by as much as 80 percent. The technology is already in use in hospitals, schools, and a range of public buildings.
The company is based in Melbourne, Australia.
Contact details if you want consideration for investment with investment criteria
Please contact email@example.com if you wish to propose a possible investment or have any other ideas you would like us to consider.
Please note that we primarily invest in mid stage Venture Capital backed companies in the following technology areas:
- Energy solutions for residential and commercial & industrial customers
- Smart Grid enablers and communication devices
- Distributed energy hardware and storage
- Renewable technology enhancements.