EIT InnoEnergy

Founded in 2010, EIT InnoEnergy is a leading European innovation engine focused on Sustainable Energy. It invests in early-stage climate tech and energy companies across Europe and the US, providing equity minority investments and added value services to de-risk projects.

Mikel Lasa

Managing Director

Lowina Lundström

CEO

Christian Müller

CEO of KIC InnoEnergy Germany

Diego Pavía

CEO

Jacob Ruiter

Co-CEO, Benelux and Executive Board Member

Johanne Ulrich

Investment Director, France

Karine Vernier

Co-CEO, France and Executive Board Member

Past deals in Utilities

Hepta Insights

Venture Round in 2025
Hepta Airborne Ltd specializes in airborne inspection and technical analysis, offering consulting services primarily for the electricity infrastructure sector. Utilizing advanced drones with a six-hour flight capability, the company conducts inspections of poles, lines, insulators, transformers, and other equipment, while also assisting in the planning and route selection for overhead lines, land cables, and renewable energy projects. Hepta Airborne integrates its drone technology with autonomous data processing platforms and various sensors to deliver accurate assessments, thereby enhancing efficiency for power grid operators. Additionally, the company provides geographic information system consulting and utility construction design services, ensuring comprehensive support for clients' needs. Founded in 2017 and headquartered in Tallinn, Estonia, Hepta Airborne emphasizes the importance of big data in optimizing inspection processes and reducing environmental impact.

ATAWEY

Venture Round in 2024
Founded in 2012 by Jean-Michel Amaré and Pierre-Jean Bonnefond, ATAWEY designs and manufactures turnkey autonomous energy solutions for isolated sites. The company specializes in hydrogen refueling stations to provide reliable, clean, and safe hydrogen energy products and related services, ensuring green energy availability when batteries may have shortages.

Spottitt

Seed Round in 2024
Spottitt offers a cloud‑based geospatial analytics platform that applies machine learning to satellite and other remotely sensed data. The system generates real‑time metrics on vegetation risk, pipeline leaks, third‑party activity, land movement, and climate conditions, enabling utilities and infrastructure managers to monitor and maintain critical assets throughout their lifecycle. The company operates on a metrics‑as‑a‑service model, with a pay‑per‑square‑kilometre subscription in development. In the past 18 months, Spottitt has acquired 19 new customers and secured follow‑on contracts with four of them.

Hepta Insights

Venture Round in 2024
Hepta Airborne Ltd specializes in airborne inspection and technical analysis, offering consulting services primarily for the electricity infrastructure sector. Utilizing advanced drones with a six-hour flight capability, the company conducts inspections of poles, lines, insulators, transformers, and other equipment, while also assisting in the planning and route selection for overhead lines, land cables, and renewable energy projects. Hepta Airborne integrates its drone technology with autonomous data processing platforms and various sensors to deliver accurate assessments, thereby enhancing efficiency for power grid operators. Additionally, the company provides geographic information system consulting and utility construction design services, ensuring comprehensive support for clients' needs. Founded in 2017 and headquartered in Tallinn, Estonia, Hepta Airborne emphasizes the importance of big data in optimizing inspection processes and reducing environmental impact.

Enline

Seed Round in 2024
Enline is a global software company specializing in Digital Twin technology for power grids. The company's IIoT software creates and operates digital representations of assets, capturing electrical, mechanical and thermal behavior without the need for sensors, and can be deployed remotely in days at a competitive cost. It serves clients across power generation, transmission and distribution, industry, mining and financial sectors, with customers on five continents and offices in Portugal, Germany, Brazil and Peru. Enline's platform enables predictive and real-time monitoring, fault detection, transmission loss reduction, system modeling, forecasting, design and optimization, helping grid operators improve asset efficiency, availability and reliability while lowering operational costs. The company emphasizes speed of innovation, vertical expertise and global reach to simplify complex grid challenges at scale.

suena

Seed Round in 2023
suena is an energy technology company that provides AI-driven operation and trading software for energy storage and renewable assets. Its platform uses machine learning, forecasting, and real-time algorithms to optimize participation in energy and balancing markets, helping customers maximize profits, stabilize revenues, and extend storage lifetimes. The system supports optimized marketing for stand-alone storage and for combinations of photovoltaic (PV) or wind with storage, as well as direct marketing of renewable energies. It also offers portfolio optimization and white-label partner solutions to improve efficiency and reduce risk for energy storage investments, and to aid investment decisions for energy storage systems.

SeaQurrent

Venture Round in 2022
SeaQurrent develops technology to generate electricity from tidal and ocean currents, offering affordable and accessible clean energy solutions with minimal environmental impact.

Silbat

Seed Round in 2022
Silbat develops molten silicon batteries for long-duration energy storage, using the latent heat of fusion of metal-grade silicon to store energy for up to about 100 hours. The device back-converts stored heat to electricity via thermophotovoltaics, enabling cost-effective dispatchable storage with a capital expenditure under $10 per kilowatt-hour that can support 100% dispatchability of variable renewable energy and compete with fossil and nuclear plants on price.

suena

Pre Seed Round in 2022
suena is an energy technology company that provides AI-driven operation and trading software for energy storage and renewable assets. Its platform uses machine learning, forecasting, and real-time algorithms to optimize participation in energy and balancing markets, helping customers maximize profits, stabilize revenues, and extend storage lifetimes. The system supports optimized marketing for stand-alone storage and for combinations of photovoltaic (PV) or wind with storage, as well as direct marketing of renewable energies. It also offers portfolio optimization and white-label partner solutions to improve efficiency and reduce risk for energy storage investments, and to aid investment decisions for energy storage systems.

Spottitt

Seed Round in 2021
Spottitt offers a cloud‑based geospatial analytics platform that applies machine learning to satellite and other remotely sensed data. The system generates real‑time metrics on vegetation risk, pipeline leaks, third‑party activity, land movement, and climate conditions, enabling utilities and infrastructure managers to monitor and maintain critical assets throughout their lifecycle. The company operates on a metrics‑as‑a‑service model, with a pay‑per‑square‑kilometre subscription in development. In the past 18 months, Spottitt has acquired 19 new customers and secured follow‑on contracts with four of them.

Solarworx

Seed Round in 2021
Solarworx, established in 2017 with its headquarters in Berlin, Germany, specializes in developing smart solar solutions for off-grid households and businesses. The company manufactures modular, grid-based solar systems designed to meet both current and future electricity demands efficiently and cost-effectively. These systems enable energy consumers to harness solar power independently.

Enline

Seed Round in 2020
Enline is a global software company specializing in Digital Twin technology for power grids. The company's IIoT software creates and operates digital representations of assets, capturing electrical, mechanical and thermal behavior without the need for sensors, and can be deployed remotely in days at a competitive cost. It serves clients across power generation, transmission and distribution, industry, mining and financial sectors, with customers on five continents and offices in Portugal, Germany, Brazil and Peru. Enline's platform enables predictive and real-time monitoring, fault detection, transmission loss reduction, system modeling, forecasting, design and optimization, helping grid operators improve asset efficiency, availability and reliability while lowering operational costs. The company emphasizes speed of innovation, vertical expertise and global reach to simplify complex grid challenges at scale.

Hepta Insights

Seed Round in 2020
Hepta Airborne Ltd specializes in airborne inspection and technical analysis, offering consulting services primarily for the electricity infrastructure sector. Utilizing advanced drones with a six-hour flight capability, the company conducts inspections of poles, lines, insulators, transformers, and other equipment, while also assisting in the planning and route selection for overhead lines, land cables, and renewable energy projects. Hepta Airborne integrates its drone technology with autonomous data processing platforms and various sensors to deliver accurate assessments, thereby enhancing efficiency for power grid operators. Additionally, the company provides geographic information system consulting and utility construction design services, ensuring comprehensive support for clients' needs. Founded in 2017 and headquartered in Tallinn, Estonia, Hepta Airborne emphasizes the importance of big data in optimizing inspection processes and reducing environmental impact.

Eneida

Series A in 2020
Eneida Wireless & Sensors, SA is a company based in Coimbra, Portugal, specializing in the development of solutions for optimizing electric grid assets. Founded in 2012, Eneida focuses on creating smart sensors and artificial intelligence applications to enhance the resilience and efficiency of low voltage networks. Its key offerings include a Low Voltage Monitoring system that alerts staff to equipment failures, Theft Avoidance Smart Systems to combat theft in secondary distribution substations, and a Smart Flooding Solution to prevent flooding in underground installations. Additionally, the company provides monitoring and control solutions for Rural PV Parks, enabling real-time oversight of equipment and production in remote areas. Eneida's collaborative energy IoT platform, known as Deep Grid, integrates smart sensor networks with data analytics to facilitate the optimization of grid-critical assets, aiming to support electric utilities in delivering reliable and affordable energy.

Solarworx

Seed Round in 2020
Solarworx, established in 2017 with its headquarters in Berlin, Germany, specializes in developing smart solar solutions for off-grid households and businesses. The company manufactures modular, grid-based solar systems designed to meet both current and future electricity demands efficiently and cost-effectively. These systems enable energy consumers to harness solar power independently.

AMPnet

Seed Round in 2020
AMPnet is a technology company that offers a comprehensive suite of tools designed for cooperatives to efficiently manage various aspects of their operations. This includes payment processing, invoicing, smart metering, demand side management, crowdinvesting, and community governance. The company provides an integrated hardware and software solution, featuring web applications and mobile apps for both iOS and Android platforms. AMPnet also incorporates blockchain technology to facilitate secure payments and governance, along with an open-source specification for smart meter hardware. By offering a straightforward, turnkey solution, AMPnet aims to minimize onboarding complexity and reduce operational costs for its clients. Additionally, the company is involved in developing decentralized finance solutions that enhance asset management and protect decentralized financial assets, providing businesses with advanced blockchain infrastructure.

Naoden

Seed Round in 2020
Founded in 2015, Naoden specializes in manufacturing and integrating solutions for heat and electricity production through biomass gasification. Headquartered in Nantes, France, the company operates compact bioenergetic power plants that convert wood waste into biogas, generating electricity and heat while helping businesses manage energy efficiently.

Heaboo

Seed Round in 2020
Founded in 2015, Heaboo is a technology company specializing in research, development, manufacturing, and commercialization of standalone, passive devices that enhance hot water supply response time in taps or shower mixers. This improves energy and water efficiency in buildings.

AMPnet

Seed Round in 2019
AMPnet is a technology company that offers a comprehensive suite of tools designed for cooperatives to efficiently manage various aspects of their operations. This includes payment processing, invoicing, smart metering, demand side management, crowdinvesting, and community governance. The company provides an integrated hardware and software solution, featuring web applications and mobile apps for both iOS and Android platforms. AMPnet also incorporates blockchain technology to facilitate secure payments and governance, along with an open-source specification for smart meter hardware. By offering a straightforward, turnkey solution, AMPnet aims to minimize onboarding complexity and reduce operational costs for its clients. Additionally, the company is involved in developing decentralized finance solutions that enhance asset management and protect decentralized financial assets, providing businesses with advanced blockchain infrastructure.

Eneida

Seed Round in 2018
Eneida Wireless & Sensors, SA is a company based in Coimbra, Portugal, specializing in the development of solutions for optimizing electric grid assets. Founded in 2012, Eneida focuses on creating smart sensors and artificial intelligence applications to enhance the resilience and efficiency of low voltage networks. Its key offerings include a Low Voltage Monitoring system that alerts staff to equipment failures, Theft Avoidance Smart Systems to combat theft in secondary distribution substations, and a Smart Flooding Solution to prevent flooding in underground installations. Additionally, the company provides monitoring and control solutions for Rural PV Parks, enabling real-time oversight of equipment and production in remote areas. Eneida's collaborative energy IoT platform, known as Deep Grid, integrates smart sensor networks with data analytics to facilitate the optimization of grid-critical assets, aiming to support electric utilities in delivering reliable and affordable energy.

Sepin

Seed Round in 2016
Sepin is a developer of a utility platform that assists energy providers in navigating digital transformation. Their SEPIN Utilities Platform combines enterprise software with IoT capabilities, enabling utilities to digitize and streamline business and operational processes. This platform provides accurate, real-time data from a single source, accessible to all users across various departments including billing, marketing, and sales. Additionally, Sepin's platform enhances customer experience through mobile applications and features a gamification module, fostering engagement and interaction. By leveraging their technology, utility companies can achieve greater efficiency and competitiveness in an evolving industry landscape.

Ferroamp Elektronik

Seed Round in 2016
Ferroamp Elektronik AB specializes in developing and manufacturing innovative power electronics aimed at enhancing the efficiency of electrical energy use. The company's primary product is the ACE, a four-quadrant inverter that facilitates quicker electric vehicle charging and helps reduce grid fees. ACE is a component of the modular EnergyHub system, which can be expanded with solar cells and energy storage solutions according to user needs. This smart grid concept optimizes the versatility and economic viability of solar installations, benefiting both homeowners and utility companies. Additionally, Ferroamp offers a range of energy optimization solutions, including solar string optimizers, energy storage optimizers, and adaptive equalization, primarily catering to property companies, energy consultants, and electric power firms.

Place to Plug

Convertible Note in 2015
Place to Plug is an innovative platform that connects electric vehicle (EV) drivers with public and private charging points worldwide. Powered by AI and blockchain technology, it enables users to find, book, and access charging points seamlessly, while allowing charging point owners to increase revenue and enhance their infrastructure's value.

HYGEN

Seed Round in 2015
HYGEN is an innovative company that specializes in developing home fueling appliances designed to enhance the use of natural gas vehicles (NGVs). By utilizing its patented liquid piston gas compression technology, the company offers a supercharger that allows users to refuel gas-powered vehicles at home or in the office within just three minutes. This technology addresses challenges in the NGV market by transforming the existing gas distribution grid into a decentralized fueling infrastructure. HYGEN's appliances not only eliminate maintenance and operational inefficiencies but also extend the service life of gas compression systems and significantly reduce the total cost of ownership. Through its solutions, HYGEN enables gas utilities to enter the transportation fuel market by providing clean and affordable fuel options directly to consumers, thus modernizing the perception of NGVs and promoting a more appealing alternative to conventional fueling methods.
Spot something off? Help us improve by flagging any incorrect or outdated information. Just email us at support@teaserclub.com. Your feedback is most welcome.