Founded in 2010 and based in Eindhoven, Netherlands, EIT InnoEnergy is a leading innovation engine focused on sustainable energy. The company operates with a mission to support the growth of early-stage companies in sectors such as climate technology, clean technology, mobility, and the Internet of Things. EIT InnoEnergy invests primarily in seed and early-stage businesses, aiming to enhance their potential through value-added services that mitigate risks and accelerate development. With offices across Europe and the United States, the firm is committed to fostering innovation in the energy sector to drive sustainable solutions.
Solaqua provides solution that focus on power electronics management, narrowing gap between large PV installations and irrigation systems.
FlexiDAO
Venture Round in 2024
FlexiDAO is a company that specializes in renewable energy tracking software, leveraging blockchain technology to certify and trace electricity from production to consumption. Its platform allows clients to make credible and verifiable claims about their energy's carbon footprint on an hourly basis. By providing real-time traceability and certification of origin for renewable energy, FlexiDAO enables customers to better understand the source and environmental impact of their energy usage. This capability supports businesses in procuring cleaner electricity and advancing their decarbonization efforts, ultimately making the goal of 24/7 carbon-free energy more attainable.
Enline
Seed Round in 2024
Enline is a global leader in Digital Twin technology specifically designed for power grids. The company focuses on simplifying complex operations through innovative solutions that enhance profitability and efficiency for its customers. Enline's technology enables the creation and management of Digital Twins for power system assets, providing insights into their electrical, mechanical, and thermal behaviors without the need for physical sensors. This capability allows for rapid deployment and monitoring in a fully remote manner, resulting in significant cost savings. Enline serves a diverse range of sectors, including transmission system operators, distribution system operators, power generation, industry, mining, and insurance, with clients across five continents. The company has established offices in Portugal, Germany, Brazil, and Peru, and maintains a presence in over 25 countries, highlighting its commitment to innovation and global reach in the energy sector.
SeaQurrent
Venture Round in 2022
SeaQurrent is a developer of technology that harnesses tidal and ocean currents to generate clean electricity. The company specializes in creating energy plants that can operate in both shallow and deep low-velocity water, providing an alternative energy source with minimal impact on wildlife and human activities. SeaQurrent's systems are designed for easy and cost-effective installation and maintenance, making them accessible for various industries seeking sustainable energy solutions.
Silbat
Seed Round in 2022
Silbat is focused on developing innovative long-duration molten silicon batteries that utilize the latent heat of fusion of silicon for energy storage. These batteries are designed to provide a storage duration of up to 100 hours, making them an effective solution for integrating variable renewable energy sources into the power grid. Silbat's technology aims to achieve a capital expenditure of less than $10 per kilowatt-hour, positioning it as a cost-competitive alternative to conventional fossil fuel and nuclear power plants. By enabling efficient back-conversion of stored energy to electricity through thermophotovoltaics, Silbat's offerings help clients reduce energy storage costs and improve overall economic viability in the energy sector.
Elestor
Venture Round in 2022
Elestor BV, founded in 2014 by Wiebrand Kout and headquartered in Arnhem, Netherlands, specializes in energy storage solutions aimed at facilitating the economical use of self-generated renewable electricity on a large scale. The company has developed a system that can be integrated with hydrogen infrastructures and electrolyzers, significantly reducing the costs associated with green hydrogen production. By offering cost-effective electricity storage technology, Elestor enables its clients to minimize their electricity storage expenses, thereby enhancing the viability of renewable energy sources.
FlexiDAO
Series A in 2022
FlexiDAO is a company that specializes in renewable energy tracking software, leveraging blockchain technology to certify and trace electricity from production to consumption. Its platform allows clients to make credible and verifiable claims about their energy's carbon footprint on an hourly basis. By providing real-time traceability and certification of origin for renewable energy, FlexiDAO enables customers to better understand the source and environmental impact of their energy usage. This capability supports businesses in procuring cleaner electricity and advancing their decarbonization efforts, ultimately making the goal of 24/7 carbon-free energy more attainable.
Bamboo Energy
Seed Round in 2021
Bamboo Energy is a software platform provider that focuses on helping retailers and aggregators manage and trade distributed flexibility resources in the energy sector. Founded in 2020 in San Adrián De Besós, Catalonia, the company aims to facilitate the energy transition by democratizing access to cleaner and more affordable energy. Its platform enables clients to monetize the flexibility of their energy assets while integrating renewable energy sources. Utilizing artificial intelligence, advanced mathematical optimization models, and cloud computing, Bamboo Energy forecasts consumption, flexibility, and market conditions for effective portfolio management. The platform enhances operational efficiency for energy operators, allowing them to coordinate and valorize the consumption of a diverse portfolio of consumers across various electricity markets.
Ngenic
Post in 2021
Ngenic AB is an independent energy technology company that specializes in digitizing and optimizing energy systems. The company offers a smart thermostat system designed as an energy-saving solution, allowing users to manage their energy consumption through mobile devices, computers, or tablets. This technology can help users reduce energy waste by up to 15%. Ngenic serves a diverse clientele, including energy companies, property owners, tenant-owner associations, and homeowners, focusing on enhancing energy efficiency across various sectors.
Bamboo Energy
Seed Round in 2021
Bamboo Energy is a software platform provider that focuses on helping retailers and aggregators manage and trade distributed flexibility resources in the energy sector. Founded in 2020 in San Adrián De Besós, Catalonia, the company aims to facilitate the energy transition by democratizing access to cleaner and more affordable energy. Its platform enables clients to monetize the flexibility of their energy assets while integrating renewable energy sources. Utilizing artificial intelligence, advanced mathematical optimization models, and cloud computing, Bamboo Energy forecasts consumption, flexibility, and market conditions for effective portfolio management. The platform enhances operational efficiency for energy operators, allowing them to coordinate and valorize the consumption of a diverse portfolio of consumers across various electricity markets.
CorPower Ocean
Venture Round in 2021
CorPower Ocean AB was founded in 2009 to develop high efficiency Wave Energy Converters (WECs). CorPower's Wave Energy Converters deliver five times higher annual energy output per ton of device compared to previously known wave power solutions. The step-change improvement in performance and efficiency allows a Cost-of-Energy that can compete with offshore wind. The products are currently in pilot with Iberdrola. CorPower has assembled a team with extensive experience in energy generation, design and manufacturing of production equipment, system engineering as well as the market expertise to allow us to continue transforming the technology of tomorrow into renewable energy applications of today.
Celcibus
Seed Round in 2020
Celcibus AB is a Swedish innovation company specializing in materials for clean energy solutions, specifically through its development of patented catalyst technology. This technology enables the production of fuel cells that are sustainable and high-performing, entirely without noble metals. Celcibus's focus is on facilitating the global adoption of fuel cells by offering metal-free catalyst solutions suitable for various applications, including transportation, household use, and industrial purposes. The company's fossil-free products serve as a sustainable alternative for powering electrical applications, promoting the use of alternative energy in an environmentally friendly manner.
LeadCold
Series A in 2020
LeadCold follows the path of least resistance for nuclear power to disrupt traditional and renewable power sources
Energy Floors
Seed Round in 2020
Energy Floors specializes in the design and construction of innovative flooring systems that convert kinetic energy from human movement and solar power into usable electricity. The company's products aim to engage the public in renewable energy production by making the energy-generating process visible and interactive. By developing, manufacturing, and selling these energy-converting floor systems, Energy Floors focuses on creating sustainable solutions that can be integrated into pavements and high footfall areas. Their approach not only promotes awareness of renewable energy but also encourages participation in energy generation through everyday activities.
Celcibus
Seed Round in 2020
Celcibus AB is a Swedish innovation company specializing in materials for clean energy solutions, specifically through its development of patented catalyst technology. This technology enables the production of fuel cells that are sustainable and high-performing, entirely without noble metals. Celcibus's focus is on facilitating the global adoption of fuel cells by offering metal-free catalyst solutions suitable for various applications, including transportation, household use, and industrial purposes. The company's fossil-free products serve as a sustainable alternative for powering electrical applications, promoting the use of alternative energy in an environmentally friendly manner.
Kumpan Electric
Venture Round in 2020
Kumpan Electric, also known as e-bility GmbH, is a manufacturer specializing in electric scooters and e-mobility solutions, as well as portable energy storage systems, all produced in Europe. The company develops and sells stylish electric vehicles capable of speeds ranging from 20 to 120 km/h, catering to individual consumers, fleet operators, and sharing companies. Kumpan Electric aims to promote sustainable transportation alternatives by offering flexible battery technology, enabling users to travel in an environmentally friendly manner while achieving zero emissions.
FlexiDAO
Seed Round in 2019
FlexiDAO is a company that specializes in renewable energy tracking software, leveraging blockchain technology to certify and trace electricity from production to consumption. Its platform allows clients to make credible and verifiable claims about their energy's carbon footprint on an hourly basis. By providing real-time traceability and certification of origin for renewable energy, FlexiDAO enables customers to better understand the source and environmental impact of their energy usage. This capability supports businesses in procuring cleaner electricity and advancing their decarbonization efforts, ultimately making the goal of 24/7 carbon-free energy more attainable.
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.
Volterion
Series A in 2018
Volterion, founded in 2015 as a spin-off from the Fraunhofer Institute UMSICHT, specializes in the development and manufacturing of redox-flow battery stacks and systems aimed at commercial bulk energy storage. The company focuses on creating efficient energy converters that serve as the foundation for scalable and compact battery solutions, such as the powerRFB, which meets rigorous industrial standards. Volterion employs patented materials and advanced manufacturing processes, including fully automated systems for producing welded and seal-less stacks. This technology enables both private users and power suppliers to optimize the use of self-generated renewable energy while providing cost-effective and durable storage solutions. The founders, Sascha Berthold, Thomas Gebauer, and Thorsten Seipp, alongside management member Kees van de Kerk, have been instrumental in the company's technological advancements. Volterion has garnered multiple accolades for its innovative technology and business model, reinforcing its position within the energy storage sector.
Klugit Energy
Pre Seed Round in 2018
Klugit Energy aims to deliver simple, quick and cheap demand-repose solutions to utilities and families with immediate benefits. Klugit is a smart plug that can be connected to any electric water tank, converting it into a smart one, Wi-Fi connected and smart-grid ready. Electric water heaters/tanks (EWS) waste a lot of energy in standby thermal losses (438 kWh/y for an 80L). Only in Europe there are around 28 mio EWS installed, equivalent to 12 TWh/y of wasted energy (same emissions as 2 mio cars per year). By installing Klugit and placing our sensor in external contact with hot water pipe, we use AI to learn your hot water usage routine and heat up water when you will actually need it, delivering immediate savings to families (>45 EUR/y). More importantly klugit is the cheapest and quickest way to provide “peak shaving” services for utilities, since it converts electric tanks into smart grid energy storage devices, solving one of renewable energy biggest problems.
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