SET Ventures is a venture capital firm based in Amsterdam, founded in 2007, that focuses on investing in early to growth-stage companies dedicated to creating sustainable solutions for a carbon-free energy system. The firm emphasizes digital technology and innovative business models within the information communication and technology, smart energy, and energy sectors. Its investment areas include energy generation, distribution, and storage, with a particular interest in renewable energy sources such as solar, wind, and bioenergy. SET Ventures targets companies that offer intelligent software and services, smart cities, and energy efficiency technologies, as well as those involved in electric mobility and advanced energy storage solutions. By investing primarily in European companies, SET Ventures aims to support pioneering founders with capital, community, and insights to drive systemic change in how energy is generated, distributed, stored, and consumed. Investments typically range from €0.5 million to €6 million per company, and the firm often seeks a supervisory board seat to provide strategic guidance.
Frequenz manages renewable energy production and procurement through AI, IoT, and battery storage technologies. They develop the open and collaborative EDGE platform for decentralized finance markets. Their EDGE platform provides solutions for the deployment, optimization, and operation of microgrid infrastructures. Their solutions such as flat rate energy, power storage energy, direct marketing energy, and fleet energy.
instagrid
Series C in 2024
Instagrid GmbH, founded in 2018 and based in Stuttgart, Germany, specializes in manufacturing portable battery storage systems designed to meet the power demands of various sectors, including construction, event technology, landscaping, and public services. The company's innovative products feature a unique architecture with stacked micro-level inverters, making them smaller, lighter, and more powerful than traditional battery systems. Instagrid's portable power solutions provide reliable, efficient, and environmentally friendly electricity, serving as a sustainable alternative to noisy and polluting petrol and diesel generators. By enabling mobile power infrastructures, Instagrid supports users working in temporary locations with clean and affordable energy.
vilisto
Series A in 2023
vilisto saves companies and municipalities up to 40% of heating energy without any effort for the customers by using fully automated radiator thermostats. The digital heat management solution is based on thermostats with an integrated presence detection, learning algorithms and room climate sensors. While the thermostats control the room temperatures fully automated and demand-based, the connected web portal allows for a central and efficient management of the property portfolio.
Frequenz
Venture Round in 2022
Frequenz manages renewable energy production and procurement through AI, IoT, and battery storage technologies. They develop the open and collaborative EDGE platform for decentralized finance markets. Their EDGE platform provides solutions for the deployment, optimization, and operation of microgrid infrastructures. Their solutions such as flat rate energy, power storage energy, direct marketing energy, and fleet energy.
instagrid
Series B in 2022
Instagrid GmbH, founded in 2018 and based in Stuttgart, Germany, specializes in manufacturing portable battery storage systems designed to meet the power demands of various sectors, including construction, event technology, landscaping, and public services. The company's innovative products feature a unique architecture with stacked micro-level inverters, making them smaller, lighter, and more powerful than traditional battery systems. Instagrid's portable power solutions provide reliable, efficient, and environmentally friendly electricity, serving as a sustainable alternative to noisy and polluting petrol and diesel generators. By enabling mobile power infrastructures, Instagrid supports users working in temporary locations with clean and affordable energy.
Easelink
Series A in 2022
Easelink is focused on creating innovative solutions for electric vehicle charging through its proprietary MATRIX CHARGING® technology. This automated conductive charging system eliminates the need for manual plugging and unplugging by allowing vehicles to charge automatically when parked over a stationary charging pad. The design features no moving parts outside the vehicle, making it both efficient and scalable. Easelink aims to enhance the user experience of electric vehicle owners, facilitating a seamless and convenient charging process that aligns with the growing demand for smart living solutions.
instagrid
Series A in 2020
Instagrid GmbH, founded in 2018 and based in Stuttgart, Germany, specializes in manufacturing portable battery storage systems designed to meet the power demands of various sectors, including construction, event technology, landscaping, and public services. The company's innovative products feature a unique architecture with stacked micro-level inverters, making them smaller, lighter, and more powerful than traditional battery systems. Instagrid's portable power solutions provide reliable, efficient, and environmentally friendly electricity, serving as a sustainable alternative to noisy and polluting petrol and diesel generators. By enabling mobile power infrastructures, Instagrid supports users working in temporary locations with clean and affordable energy.
General Fusion
Series E in 2019
General Fusion Inc. is a Canadian company focused on the development of commercial Magnetized Target Fusion (MTF), a promising hybrid approach that combines elements of magnetic fusion and inertial confinement fusion. Founded in 2002 and based in Burnaby, the company aims to create utility-scale fusion power plants that can provide clean, safe, and abundant energy. General Fusion is pioneering a patent-pending concept that leverages advancements in MTF, which has seen limited exploration since the 1970s. The company is dedicated to demonstrating and commercializing this innovative energy solution by the end of the decade. It is supported by a network of global energy venture capital firms, industry leaders, and technology innovators, all working to reduce technical risks and accelerate the path to viable fusion energy.
GreenCom Networks
Series C in 2019
GreenCom Networks is a leading energy IoT company, with offices in Munich, Germany, and Sophia-Antipolis, France. Since 2011, GreenCom has been developing the energy system of the future. Using its Energy Information Brokerage Platform, GreenCom integrates distributed assets like Solar PV, battery storage, electric vehicles and heat pumps. Based on its platform, GreenCom enables white-label end customer services like energy communities, energy flat rates, as well as optimisation and visualisation of energy flows in homes for utilities and manufacturers of energy-relevant devices.
GreenFlux
Series B in 2018
GreenFlux specializes in providing an eMobility platform that facilitates the management of electric vehicle charging networks, aiming to enhance the adoption of electric vehicles. The company supports energy providers, network operators, and automotive stakeholders by offering solutions for remote charge station management, transaction processing, and the adjustment of charging processes based on electricity grid capacity and local energy generation. With a decade of experience in the international electric vehicle market, GreenFlux operates in over 21 countries across five continents, managing a network of more than 28,000 connected charge points. Its software optimizes billing operations, monitors real-time charging behavior, and expands grid capacity through a cloud-based system, enabling users to access comprehensive information on charge points and transactions.
Limejump
Series A in 2017
Limejump Limited is an energy technology company based in London, United Kingdom, specializing in the development and operation of a Virtual Power Plant (VPP) platform. Founded in 2012, Limejump provides optimized access to the energy market for customers with electricity-generating or consuming assets. Its platform integrates various components, including cloud-based software, smart devices, and analytical tools, to connect and optimize asset performance. Limejump offers products such as the Balancing Mechanism, which aids the National Grid in managing electricity supply and demand, as well as Power Purchase Agreements (PPAs) to enhance the value of electricity generation. Additionally, the company facilitates participation in demand response programs, allowing generators to adjust energy output and businesses to modify their energy consumption, thereby supporting grid stability. As of early 2019, Limejump operates as a subsidiary of The Shell Petroleum Company Limited.
GreenCom Networks
Series B in 2017
GreenCom Networks is a leading energy IoT company, with offices in Munich, Germany, and Sophia-Antipolis, France. Since 2011, GreenCom has been developing the energy system of the future. Using its Energy Information Brokerage Platform, GreenCom integrates distributed assets like Solar PV, battery storage, electric vehicles and heat pumps. Based on its platform, GreenCom enables white-label end customer services like energy communities, energy flat rates, as well as optimisation and visualisation of energy flows in homes for utilities and manufacturers of energy-relevant devices.
Sonnen
Series D in 2016
Sonnen is a developer of solar-based energy storage systems that provide clean and affordable energy solutions for residential homes, agricultural farms, and commercial enterprises. Since the introduction of the Sonnenbatterie in Germany and Austria in 2011, the company has focused on integrating energy storage with home automation platforms. This integration allows users to actively manage their energy consumption, optimizing the use of energy harvested from solar photovoltaic systems or the grid. Sonnen's offerings extend beyond simple storage, incorporating features such as smart metering and virtual power plant integration, designed to enhance energy management and provide tailored solutions for various energy needs.
Sonnen
Series B in 2014
Sonnen is a developer of solar-based energy storage systems that provide clean and affordable energy solutions for residential homes, agricultural farms, and commercial enterprises. Since the introduction of the Sonnenbatterie in Germany and Austria in 2011, the company has focused on integrating energy storage with home automation platforms. This integration allows users to actively manage their energy consumption, optimizing the use of energy harvested from solar photovoltaic systems or the grid. Sonnen's offerings extend beyond simple storage, incorporating features such as smart metering and virtual power plant integration, designed to enhance energy management and provide tailored solutions for various energy needs.
NGenTec
Venture Round in 2010
NGenTec, established in 2009 as a spinout from the University of Edinburgh's School of Engineering, specializes in the manufacture of direct drive permanent magnet generators primarily for the renewable energy sector, particularly wind energy generation. Founded by Dr. Markus Mueller and Dr. Alasdair McDonald, the company focuses on providing a more compact and lighter generator technology that enhances energy yield while reducing manufacturing, assembly, installation, and transportation costs. Through its innovative approach, NGenTec aims to become a leading supplier in the renewable energy market.
PhotoSolar
Venture Round in 2010
PhotoSolar A/S specializes in developing and marketing advanced, transparent solar shading and photovoltaic solutions. Our mission is to create a good working environment and reduce energy consumption in modern buildings with large glass facades, using aesthetic and maintenance-free solar shading. PhotoSolar is a technology and knowledge-based company working in partnership with a number of knowledge centres, including the Danish Technological Institute. The company was founded in 2003.
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