Centrica

Centrica plc is a British multinational energy and services company engaged in various sectors, including oil and gas production, energy supply, and innovative service solutions. The company operates primarily through its British Gas division, which is the largest residential supplier of natural gas and heating services in the UK. Centrica develops innovative products and solutions focused on distributed energy, connected homes, and electrification of transport. In addition to its core operations, Centrica Innovations serves as its venture capital arm, investing in startups that are advancing energy technology, electric mobility, home services, and industrial markets, with a commitment to enhancing customer experiences.

Logan Ashcraft

Investment Professional, Ventures

Christophe Defert

Venture Director

Past deals in Energy

Grid Edge

Venture Round in 2025
Grid Edge Limited specializes in developing artificial intelligence and machine-learning software aimed at optimizing energy management for commercial and public buildings. Founded in 2016 and based in Birmingham, United Kingdom, the company offers cloud-based solutions that utilize predictive machine learning and data analytics to manage energy loads effectively. By integrating with existing building energy management systems, Grid Edge's technology helps reduce energy costs and carbon emissions while transforming on-site energy resources into revenue-generating assets. The company's innovative approach enables building owners to become proactive participants in the energy system, enhancing overall energy efficiency and sustainability.

ENSEK

Acquisition in 2024
ENSEK LTD is a Nottingham-based company that develops a Software-as-a-Service (SaaS) platform specifically designed for the energy market. The platform encompasses various functionalities, including billing, customer relationship management, market entry, settlement, and real-time data analytics. Additionally, ENSEK offers business process outsourcing, agent appointment, and advisory services to enhance business performance and competitiveness for its clients. Its diverse clientele includes established independent energy suppliers, new market entrants, and major industry players, allowing the company to tailor its solutions to meet the needs of different stages of a supply business. Founded in 2010, ENSEK is committed to delivering innovative technology and support to both energy suppliers and consumers.

Nabuh Energy

Acquisition in 2021
Nabuh Energy is an energy company focused on optimizing domestic energy supply for low-income households in England and Wales. The company provides electricity and gas services, aiming to help individuals access utilities at affordable rates. In addition, Nabuh Energy offers free quotes for Prepayment and Direct Debit Tariffs, facilitating more accessible energy options for consumers.

LO3 Energy

Series B in 2021
LO3 Energy, Inc. is a Portland, Oregon-based company that operates Pando, a marketplace solution designed to connect energy suppliers with customers. Founded in 2012, LO3 Energy focuses on developing technology and tools to support the growth of decentralized energy models, particularly through the use of its proprietary blockchain. The company's services enable retail clients in the utility and energy sectors to create, deploy, and monetize innovative energy products and customer services. By facilitating the formation of community microgrids, LO3 Energy aims to enhance the competitiveness and accessibility of the emerging distributed energy economy.

Driivz

Series C in 2020
Driivz Ltd. develops and markets an innovative electric vehicle (EV) charging management platform, providing a comprehensive solution for managing energy vehicle operations. The platform enables charge point operators and electric mobility service providers to oversee various aspects such as charger management, driver accounts, energy usage, and real-time charger availability. It includes tools for operations management, smart energy management, billing, and EV fleet management, allowing users to monitor performance, analyze trends, and address issues promptly. Driivz's offerings facilitate the creation of pricing structures and tariffs, enhancing operational efficiency and customer experience. Founded in 2012 and based in Tel Aviv, Israel, the company serves a diverse clientele, including industry leaders across the US, Europe, and Asia, managing millions of transactions for over a million EV drivers.

Verv

Series A in 2019
Verv Limited, founded in 2017 and based in London, operates a technology platform that focuses on enhancing the efficiency and sustainability of home appliances. The company specializes in high-speed data acquisition and artificial intelligence within the electrical domain, developing innovative predictive maintenance solutions for white goods manufacturers. Verv's patented technology captures detailed energy signatures of appliances, allowing it to detect performance anomalies and identify potential faults before they escalate. This capability provides manufacturers with real-time diagnostics, facilitating timely maintenance actions and reducing repair costs associated with warranty claims. By improving the longevity and energy efficiency of appliances, Verv contributes to a more sustainable consumer landscape while enhancing customer experiences through reduced appliance downtime. Its insights are also accessible via a smartphone application, streamlining maintenance for users and helping companies lower operational costs.

Indegy

Series B in 2018
The Indegy Industrial Cyber Security Suite arms security and operations teams with full visibility, security and control of industrial control systems (ICS) activity and threats by combining hybrid, policy-based monitoring and network anomaly detection with unique device integrity checks. Indegy solutions are installed in manufacturing, pharmaceutical, energy, water and other industrial organizations around the world.

Driivz

Series A in 2018
Driivz Ltd. develops and markets an innovative electric vehicle (EV) charging management platform, providing a comprehensive solution for managing energy vehicle operations. The platform enables charge point operators and electric mobility service providers to oversee various aspects such as charger management, driver accounts, energy usage, and real-time charger availability. It includes tools for operations management, smart energy management, billing, and EV fleet management, allowing users to monitor performance, analyze trends, and address issues promptly. Driivz's offerings facilitate the creation of pricing structures and tariffs, enhancing operational efficiency and customer experience. Founded in 2012 and based in Tel Aviv, Israel, the company serves a diverse clientele, including industry leaders across the US, Europe, and Asia, managing millions of transactions for over a million EV drivers.

Mainspring

Series C in 2018
Mainspring Energy, Inc. is a company based in Menlo Park, California, focused on developing linear generator technology that produces low-carbon, dispatchable energy. Founded in 2010 by three Stanford engineers, Mainspring aims to address the challenges of climate change while providing affordable electricity. The company engineers advanced prototypes of linear generators that convert fuel into electricity through a low-temperature reaction of air and fuel, driving magnets through copper coils. This innovative approach allows Mainspring to offer electricity at lower costs and with greater reliability, contributing to the vision of creating net-zero carbon grids in the future.

LO3 Energy

Venture Round in 2017
LO3 Energy, Inc. is a Portland, Oregon-based company that operates Pando, a marketplace solution designed to connect energy suppliers with customers. Founded in 2012, LO3 Energy focuses on developing technology and tools to support the growth of decentralized energy models, particularly through the use of its proprietary blockchain. The company's services enable retail clients in the utility and energy sectors to create, deploy, and monetize innovative energy products and customer services. By facilitating the formation of community microgrids, LO3 Energy aims to enhance the competitiveness and accessibility of the emerging distributed energy economy.

ENER-G Cogen International

Acquisition in 2016
ENER-G provides organisations across the globe with energy management services, sustainable technologies and renewable energy solutions, to help them intelligently generate, buy and manage energy.

Neas Energy A/S

Acquisition in 2016
Neas Energy A/S ompany trades energy on the European energy markets and manages its clients' assets in power, gas.

Cool Planet Technologies

Acquisition in 2010
Cool Planet Technologies Limited specializes in renewable energy solutions in the United Kingdom. The company designs, sells, and installs ground and air source heat pumps, providing comprehensive services that include site technical investigations, geological surveys, thermal and financial modeling, project management, installation, and ongoing maintenance support. In addition to catering to individual customers, Cool Planet also serves as a subcontractor for larger projects within the commercial and public sectors. The company aims to assist developers, local authorities, and landlords by offering technical support for planning applications, ensuring a holistic approach to renewable energy implementation.

Caythorpe Gas Storage

Acquisition in 2008
Caythorpe Gas Storage Limited owns and operates gas producing fields. The company also offers gas storage facilities. Caythorpe Gas Storage Limited was incorporated in 2004 and is based in the United Kingdom. As of September 8, 2008, Caythorpe Gas Storage Limited operates as a subsidiary of Centrica plc.

Strategic Energy

Acquisition in 2008
Strategic Energy provides energy products and services. The company supplies electricity to industrial and commercial markets.

Direct Energy

Acquisition in 2000
Direct Energy is a retail provider of electricity and natural gas, offering a range of energy-related products and services for both residential and commercial customers. The company focuses on innovation, leveraging data and technology to enhance its utility and protection services. Direct Energy operates in multiple states, providing customers with options for electricity and natural gas, as well as wholesale power and natural gas trading and marketing services. Through its diverse portfolio, the company aims to assist customers in managing their energy costs effectively.
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