EIT InnoEnergy

EIT InnoEnergy, established in 2010 and based in Eindhoven, Netherlands, serves as an innovation engine for sustainable energy across Europe. The organization focuses on enhancing the success of start-ups and facilitating the growth of small and medium-sized enterprises (SMEs) while assisting corporations in mitigating risks associated with open innovation. By leveraging a global network of partners, EIT InnoEnergy connects entrepreneurs, investors, and industry stakeholders to foster collaboration and drive the development of market-ready solutions. The firm invests in seed-stage and early-stage companies across various sectors, including energy, climate technology, clean technology, and mobility. With the support of the European Institute of Innovation and Technology, EIT InnoEnergy aims to create an environment conducive to innovation and entrepreneurship, maximizing impact in the sustainable energy landscape.

Jacob Ruiter

CEO Benelux

Karine Vernier

Co-CEO, France and Executive Board Member

Past deals in Electric Grid

FlexiDAO

Series A in 2022
FlexiDAO specializes in developing software for the energy sector. It offers utilities white-label blockchain applications on top of a middleware platform that can access any blockchain infrastructure in an enterprise-grade, secure way. The company is driven by a mission to effectively coordinate millions of distributed energy resources into the grid. FlexiDAO is supported by SET Ventures, accelerators KIC InnoEnergy, and Rockstart and is an affiliate member of the Energy Web Foundation. FlexiDAO was founded in 2017 and is headquartered in Barcelona, Spain.

DCbrain

Venture Round in 2022
DCbrain offers a solution designed to assist teams managing data centers in optimizing their operations. By utilizing graph models and machine learning, the company provides a comprehensive view of the systems within data centers, showcasing a dynamic map of various flows, including energy and chilled water. Additionally, DCbrain features expert dashboards that facilitate the exploitation and maintenance of complex industrial networks, encompassing sectors such as gas, water, electricity, and logistics. This approach aims to improve efficiency and streamline processes for data center operations.

Bamboo Energy

Seed Round in 2021
Bamboo Energy develops a platform for retailers and aggregators to easily manage and trade distributed flexibility resources. It aims to accelerate the energy transition, democratize access to cleaner and cheaper energy. The software platform provides ways to monetize the flexibility of energy assets and the integration of increasing renewable energy sources. It forecasts consumption, flexibility, and market conditions for portfolio management, it manages assets to take advantage of its flexibility to improve operational efficiency and improves client operations using artificial intelligence, mathematical optimization models, and cloud computing. Bamboo Energy was founded in 2020 in San Adrián De Besós, Catalonia.

VoltStorage

Series B in 2021
VoltStorage GmbH is a company based in Olching, Germany, specializing in the development and production of solar energy storage systems. Utilizing eco-friendly vanadium redox flow technology, VoltStorage creates power storage devices that capture surplus solar energy during the day for use at night. This innovative approach allows homeowners to maximize the efficiency of their solar panel systems, ensuring a consistent supply of renewable energy even during periods of low sunlight. In addition to its products, VoltStorage offers installation and technical support services, facilitating a seamless transition to sustainable energy solutions. The company's mission is to promote 100 percent renewable energy availability, contributing to a cleaner and fairer world for future generations.

Ngenic

Post in 2021
Ngenic is an independent energy technology company that offers a smart thermostat system designed to promote energy efficiency. The system can be controlled via mobile devices, computers, or tablets, enabling users to manage their energy consumption effectively. By utilizing Ngenic's technology, customers can potentially reduce their energy usage by up to 15%. The company serves a diverse clientele, including energy companies, property owners, tenant-owner associations, and individual homeowners, focusing on the digitization and optimization of energy systems to enhance sustainability.

Stegra

Series A in 2021
Stegra operates a steel production facility focused on decarbonizing the European steel industry through fossil-free manufacturing processes. Located in Boden, Sweden, the plant aims to leverage unique conditions for cost-competitive production of green steel. The facility integrates a giga-scale green hydrogen plant, enabling the replacement of traditional coal-based methods with green hydrogen, water, and heat as primary emissions. This innovative approach combines raw materials, renewable energy, local expertise, and artificial intelligence to create a fully integrated and automated steel production process. With production set to commence in 2024, Stegra projects an annual capacity of five million tons of high-quality steel by 2030, positioning itself as a leader in providing fossil-free steel to large European OEMs at competitive costs.

Bamboo Energy

Seed Round in 2021
Bamboo Energy develops a platform for retailers and aggregators to easily manage and trade distributed flexibility resources. It aims to accelerate the energy transition, democratize access to cleaner and cheaper energy. The software platform provides ways to monetize the flexibility of energy assets and the integration of increasing renewable energy sources. It forecasts consumption, flexibility, and market conditions for portfolio management, it manages assets to take advantage of its flexibility to improve operational efficiency and improves client operations using artificial intelligence, mathematical optimization models, and cloud computing. Bamboo Energy was founded in 2020 in San Adrián De Besós, Catalonia.

PIONIERKRAFT

Seed Round in 2021
Pionierkraft, founded in 2019 and based in München, Bayern, specializes in developing sustainable energy solutions that enhance on-site energy consumption. The company aims to make renewable energy more accessible and affordable by facilitating the sharing of self-generated energy among neighborhood households. By focusing on the economic and legal aspects of energy sharing, Pionierkraft helps owners of photovoltaic systems secure their self-generated energy in a user-friendly manner, empowering more individuals to meet their daily energy needs sustainably.

Solarworx

Seed Round in 2021
Solarworx develops smart solar solutions for rural off-grid households and businesses. The company was founded in 2017 and is headquartered in Berlin, Germany.

HPS

Series A in 2021
HPS Home Power Solutions GmbH specializes in manufacturing solar energy management systems designed for the non-commercial sector, particularly targeting single and multi-family homes. Founded in 2014 and based in Berlin, the company offers a product known as Picea, an integrated system that combines energy storage, heating assistance, and indoor ventilation. This system utilizes green hydrogen to store solar energy, which can then be converted into electrical energy for household use. In addition to hardware, HPS also develops software to manage energy utilization effectively. By focusing on eco-friendly energy solutions, HPS aims to facilitate sustainable energy practices and provide valuable services to its users.

Enline

Seed Round in 2020
Enline provides a forecasting dynamic line rating platform for optimizing maximum load through a weather-dependent operation. Its software disrupts the current state of the art monitoring processes for TSOs, DSOs, and Smart Grids.

Rivus

Venture Round in 2020
Operator of a green technology company intended to develop novel organic electrolytes for flow batteries. The company's products consist of only abundantly available elements, redox-active molecules that can be synthesized on a large scale and with a small environmental footprint compared to conventional technologies, enabling cost-effective, eco-friendly grid-scale energy storage.

Eneida

Series A in 2020
Eneida designs and develops smart sensors and artificial intelligence applications for resilient and agile low voltage grid. Its product called Deep Grid is a collaborative energy IoT platform for the remote and online optimization of the low voltage network. The company aims to help electric utilities to make the most of their low voltage network. Eneida was founded in 2012 and is headquartered in Coimbra, Portugal.

Wattsun

Seed Round in 2020
Wattsun is a company that specializes in portable lithium-ion battery systems aimed at professionals working on-site. Founded in 2016 and based in Arnhem, Gelderland, the company focuses on developing high-quality, plug-and-play energy storage solutions. Wattsun's battery systems are designed to be flexible, allowing for various site layouts and a reliable energy supply. This modular approach enables industries to power heavy equipment while reducing their carbon footprint, making it an attractive option for businesses seeking sustainable energy solutions.

Enervalis

Series A in 2020
Enervalis SA/NV specializes in developing Software-as-a-Service (SaaS) solutions and hardware that promote sustainable energy practices for electric vehicles, buildings, and microgrids. Their flagship product, the Smartpower Suite, facilitates the optimization of energy supply, storage, and demand flexibility for electricity producers, distributors, and consumers, enabling them to enhance energy efficiency and generate cost savings. The platform integrates user profiles, energy demands, and predictability of usage patterns with renewable energy sources and charging infrastructure, effectively managing energy flows. Enervalis' solutions also enhance the energy consumption efficiency of buildings by leveraging locally produced green energy and enable local energy trading, which fosters independence from public grids and reduces infrastructure maintenance costs. Founded in 2013 and headquartered in Houthalen-Helchteren, Belgium, Enervalis operates additional offices in Frankfurt, Germany, and Austin, Texas, serving municipalities and businesses in the electric vehicle, construction, and utility sectors both domestically and internationally.

Solarworx

Seed Round in 2020
Solarworx develops smart solar solutions for rural off-grid households and businesses. The company was founded in 2017 and is headquartered in Berlin, Germany.

VoltStorage

Venture Round in 2020
VoltStorage GmbH is a company based in Olching, Germany, specializing in the development and production of solar energy storage systems. Utilizing eco-friendly vanadium redox flow technology, VoltStorage creates power storage devices that capture surplus solar energy during the day for use at night. This innovative approach allows homeowners to maximize the efficiency of their solar panel systems, ensuring a consistent supply of renewable energy even during periods of low sunlight. In addition to its products, VoltStorage offers installation and technical support services, facilitating a seamless transition to sustainable energy solutions. The company's mission is to promote 100 percent renewable energy availability, contributing to a cleaner and fairer world for future generations.

AMPnet

Seed Round in 2020
AMPnet IO d.o.o. operates a crowd investment platform that enables energy community to run crowdfunding campaigns under their own brand. Its platform enables users to automate project funding, access social media marketing and sharing tools, and automate billing and transactions. The company also offers a retail energy platform to issue bills, track consumption, and manage subscribers of electric utility; and an electricity exchange platform to sell excess electricity on regulated electricity exchanges and leverage licensed brokers to manage trading. AMPnet IO d.o.o. was founded in 2018 and is based in Zagreb, Croatia.

LeadCold

Series A in 2020
LeadCold follows the path of least resistance for nuclear power to disrupt traditional and renewable power sources

PIONIERKRAFT

Seed Round in 2020
Pionierkraft, founded in 2019 and based in München, Bayern, specializes in developing sustainable energy solutions that enhance on-site energy consumption. The company aims to make renewable energy more accessible and affordable by facilitating the sharing of self-generated energy among neighborhood households. By focusing on the economic and legal aspects of energy sharing, Pionierkraft helps owners of photovoltaic systems secure their self-generated energy in a user-friendly manner, empowering more individuals to meet their daily energy needs sustainably.

Energy Floors

Seed Round in 2020
Energy Floors BV manufactures interactive floor systems that convert kinetic energy of walking or dancing people into electricity, which is used to make the floor react and interact visually and to power applications. It offers energy floor modules; sustainable energy floor, an electromechanical system the converts kinetic energy of walking people into usable electricity; sustainable dance floors for the conversion of kinetic energy into usable electricity; SEF solar, a hybrid energy floor system that combines human power with solar energy to produce local clean energy; and human powered photo booth, a plug and play energy exhibit for science centers, schools, and other educational institutions. The company also provides digital energy meter, a software that shows the instantaneous power and the total power produced; energy tower that visualizes the amount of energy produced by the dancing crowd on the interactive floor modules; LED battery to create a climax in a dancing crowd or to attract visitors to a booth or location where the floor is installed; a photo application; hand pedals, and interactive LED-wristbands; DrinkWaterBar, an energy converter; and mini sustainable dance floor converts the energy of the dancers into electricity. It serves creative agencies, festivals, events, brands and corporates, exhibitions, museusms, media, and more worldwide. Energy Floors BV was formerly known as Sustainable Dance Club B.V. The company was founded in 2006 and is based in Rotterdam, the Netherlands.

energysquare

Seed Round in 2020
Energysquare SAS is a company based in Saint Mandé, France, founded in 2017, specializing in innovative charging solutions. The firm has developed a wireless charging system known as Power by Contact (PbC), which allows multiple devices to be charged simultaneously on an ultra-thin pad without the use of induction or electromagnetic waves. This technology utilizes a patented conductive charging method, making the charging pads spill-resistant, compatible with various operating systems, and shatterproof. Additionally, Energysquare provides device management features, including data logging, battery life cycle analysis, and predictive maintenance. The company also offers customized prototypes tailored for industrial applications, enhancing its versatility in the market.

Wind My Roof

Seed Round in 2020
Wind My Roof specializes in the development of modular roof wind turbines aimed at optimizing wind energy utilization for flat-roofed buildings. Founded in 2018 and based in Vincennes, Ile-de-France, the company designs turbines that are installed along the edges of roofs, harnessing wind to generate electricity in urban and peri-urban settings. This innovative approach enables businesses and communities to decrease their reliance on conventional power sources, enhancing energy efficiency and improving return on investment.

Ener-Pacte

Seed Round in 2020
Ener-Pacte specializes in the operation, security, and optimization of photovoltaic power plants. The company was established to address the increasing challenges faced by photovoltaic installations, particularly in France and other countries with extensive solar energy systems. Ener-Pacte offers a range of services aimed at enhancing the profitability of these power plants. By providing straightforward and effective support to owners of non-professional photovoltaic systems, the company enables clients to optimize their financial returns and secure their existing income. This focus on practical solutions positions Ener-Pacte as a key player in the renewable energy sector, particularly in the context of growing reliance on solar power.

AMPnet

Seed Round in 2019
AMPnet IO d.o.o. operates a crowd investment platform that enables energy community to run crowdfunding campaigns under their own brand. Its platform enables users to automate project funding, access social media marketing and sharing tools, and automate billing and transactions. The company also offers a retail energy platform to issue bills, track consumption, and manage subscribers of electric utility; and an electricity exchange platform to sell excess electricity on regulated electricity exchanges and leverage licensed brokers to manage trading. AMPnet IO d.o.o. was founded in 2018 and is based in Zagreb, Croatia.

FlexiDAO

Seed Round in 2019
FlexiDAO specializes in developing software for the energy sector. It offers utilities white-label blockchain applications on top of a middleware platform that can access any blockchain infrastructure in an enterprise-grade, secure way. The company is driven by a mission to effectively coordinate millions of distributed energy resources into the grid. FlexiDAO is supported by SET Ventures, accelerators KIC InnoEnergy, and Rockstart and is an affiliate member of the Energy Web Foundation. FlexiDAO was founded in 2017 and is headquartered in Barcelona, Spain.

Verv

Series A in 2019
Verv Limited operates technology platform which enables users to manage their home appliances and reducing electricity bill. The company was founded in 2017 and is based in London, United Kingdom.

Volterion

Series A in 2018
Volterion GmbH manufactures and sells compact size redox flow batteries for private homes for the storage of renewable energies. The company offers redox flow stacks, redox flow modules, and redox flow systems. The company was founded in 2015 and is headquartered in Dortmund, Germany.

Volterion

Venture Round in 2018
Volterion GmbH manufactures and sells compact size redox flow batteries for private homes for the storage of renewable energies. The company offers redox flow stacks, redox flow modules, and redox flow systems. The company was founded in 2015 and is headquartered in Dortmund, Germany.

Klugit Energy

Pre Seed Round in 2018
Klugit Energy focuses on providing efficient demand-response solutions for utilities and households through its innovative smart plug technology. This plug can be attached to any electric water heater, transforming it into a Wi-Fi connected and smart-grid compatible device. Electric water heaters are known to waste significant energy due to standby thermal losses, with millions installed across Europe contributing to substantial energy waste. By utilizing artificial intelligence, Klugit's system learns users' hot water consumption patterns and optimizes heating schedules, resulting in immediate cost savings for families. Additionally, Klugit offers a cost-effective solution for utilities seeking to implement peak shaving services, effectively converting electric water heaters into energy storage devices that can address challenges associated with renewable energy integration.

Verv

Equity Crowdfunding in 2018
Verv Limited operates technology platform which enables users to manage their home appliances and reducing electricity bill. The company was founded in 2017 and is based in London, United Kingdom.

DCbrain

Series A in 2018
DCbrain offers a solution designed to assist teams managing data centers in optimizing their operations. By utilizing graph models and machine learning, the company provides a comprehensive view of the systems within data centers, showcasing a dynamic map of various flows, including energy and chilled water. Additionally, DCbrain features expert dashboards that facilitate the exploitation and maintenance of complex industrial networks, encompassing sectors such as gas, water, electricity, and logistics. This approach aims to improve efficiency and streamline processes for data center operations.

Eneida

Seed Round in 2018
Eneida designs and develops smart sensors and artificial intelligence applications for resilient and agile low voltage grid. Its product called Deep Grid is a collaborative energy IoT platform for the remote and online optimization of the low voltage network. The company aims to help electric utilities to make the most of their low voltage network. Eneida was founded in 2012 and is headquartered in Coimbra, Portugal.

Solaris Offgrid

Venture Round in 2017
Solaris Offgrid is focused on addressing the energy access gap faced by over one billion people globally who lack clean and affordable electricity. The company designs, manufactures, and installs solar energy systems, employing innovative technology and mobile payment solutions to create a scalable model for energy access in developing regions. Its pay-as-you-go solar home systems provide essential services such as LED lighting, communication, and media, while also facilitating enterprise opportunities and financial access for households and businesses in rural Africa. Additionally, Solaris Offgrid empowers local entrepreneurs by offering the necessary hardware, software, technical expertise, and funding to establish sustainable micro-energy ventures, thereby fostering community development and economic growth.

Sepin

Seed Round in 2016
SEPIN delivers SEPIN Utilities Platform, an enterprise software and IoT device that helps Utilities go through inevitable digital transformation. Energy providers use our platform to digitize and simplify their business and operational processes. They can deliver accurate, real-time data from a single source to all business users, whether they are billing, marketing or sales team. Thanks to SEPIN Utilities Platform, they can also create valuable and exquisite customer experience using mobile applications and engage them in gamification module.

Ferroamp

Seed Round in 2016
Ferroamp Elektronik AB develops, manufactures, and markets innovative power electronics for a more efficient use of electrical energy. Its first product is ACE. Based on our 4-quadrant inverter technology ACE enables faster EV charging and reduced grid fees. ACE is part of the modular EnergyHub system that can be expanded with solar cells and energy storage as the need arises. This smart grid concept improves the versatility and profitability of solar cell installations and it brings benefits to homeowners as well as grid companies.

LeadCold

Grant in 2015
LeadCold follows the path of least resistance for nuclear power to disrupt traditional and renewable power sources

SOLABLE S.A.S

Seed Round in 2015
renewable innovations for a smart world

Place to Plug

Convertible Note in 2015
Place to Plug is an innovative electric vehicle (EV) charging platform that utilizes AI and blockchain technology to connect EV drivers with charging points. The platform aggregates a wide range of public and private charging locations, allowing users to easily find, book, and access these points without needing to be a direct customer of any specific operator. By creating a comprehensive and collaborative network, Place to Plug aims to simplify the charging process for EV drivers and enhance the overall charging experience, positioning itself as a leading referral platform in the global EV charging market.
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