SET Ventures

SET Ventures is an Amsterdam-based venture capital firm founded in 2007 that invests in European energy and renewable sector companies across early to growth stages. It backs digital technology-enabled solutions aimed at carbon-free energy systems, including energy generation, distribution and storage, energy efficiency, and smart energy applications in buildings, industry, mobility, and infrastructure. The firm targets investments in technology-enabled clean energy and sustainability initiatives, often with a focus on smart grid, energy storage, and EV/green building applications, and seeks to support portfolio companies with strategic guidance, including board participation. Typical check sizes range from approximately €0.5 million to €6 million per company over the life of participation. SET Ventures concentrates on Europe and prioritizes companies that combine software and hardware components to create scalable energy solutions.

Anton Arts

Managing Partner

Wouter Jonk

Co-Founder and Managing Director

Leonie Mekel

CFO

Emily Mellor

Investor

Moritz Müller

Investment Analyst

Past deals in Energy Storage

Frequenz

Venture Round in 2024
Frequenz develops technologies to optimize renewable energy production and procurement using AI, IoT, and battery storage. The company offers an autonomous EDGE platform for deploying, optimizing, and operating microgrid infrastructures and enabling decentralized finance markets. It provides energy solutions such as flat rate energy, power storage energy, direct marketing energy, and fleet energy. By automating the renewable production value chain, Frequenz aims to help partners reduce electricity costs and improve revenue and profitability.

instagrid

Series C in 2024
Instagrid GmbH, founded in 2018 and based in Stuttgart, Germany, specializes in the manufacturing of portable battery storage systems designed to create mobile power infrastructures for various sectors, including construction, event technology, landscaping, and public services. The company's innovative products feature a unique architecture of stacked micro-level inverters, which allows them to be smaller, lighter, and more powerful than traditional battery systems. Instagrid's portable power solutions provide reliable access to clean, affordable, and silent electricity, effectively replacing environmentally harmful petrol and diesel generators. By enabling users to operate efficiently at temporary locations, Instagrid plays a crucial role in meeting the energy demands of industries with challenging power requirements.

Frequenz

Venture Round in 2022
Frequenz develops technologies to optimize renewable energy production and procurement using AI, IoT, and battery storage. The company offers an autonomous EDGE platform for deploying, optimizing, and operating microgrid infrastructures and enabling decentralized finance markets. It provides energy solutions such as flat rate energy, power storage energy, direct marketing energy, and fleet energy. By automating the renewable production value chain, Frequenz aims to help partners reduce electricity costs and improve revenue and profitability.

instagrid

Series B in 2022
Instagrid GmbH, founded in 2018 and based in Stuttgart, Germany, specializes in the manufacturing of portable battery storage systems designed to create mobile power infrastructures for various sectors, including construction, event technology, landscaping, and public services. The company's innovative products feature a unique architecture of stacked micro-level inverters, which allows them to be smaller, lighter, and more powerful than traditional battery systems. Instagrid's portable power solutions provide reliable access to clean, affordable, and silent electricity, effectively replacing environmentally harmful petrol and diesel generators. By enabling users to operate efficiently at temporary locations, Instagrid plays a crucial role in meeting the energy demands of industries with challenging power requirements.

Easelink

Series A in 2022
Easelink develops and industrializes conductive charging technologies for electric vehicles, aiming to automate and accelerate the charging process. It centers on MATRIX CHARGING, an automated conductive charging system with no moving parts outside the vehicle, designed to be stationary and scalable. The technology uses a charging pad that enables automatic direct physical connection as soon as a vehicle parks on top, eliminating the need for manual plugging and enabling convenient, efficient EV charging.

instagrid

Series A in 2020
Instagrid GmbH, founded in 2018 and based in Stuttgart, Germany, specializes in the manufacturing of portable battery storage systems designed to create mobile power infrastructures for various sectors, including construction, event technology, landscaping, and public services. The company's innovative products feature a unique architecture of stacked micro-level inverters, which allows them to be smaller, lighter, and more powerful than traditional battery systems. Instagrid's portable power solutions provide reliable access to clean, affordable, and silent electricity, effectively replacing environmentally harmful petrol and diesel generators. By enabling users to operate efficiently at temporary locations, Instagrid plays a crucial role in meeting the energy demands of industries with challenging power requirements.

General Fusion

Series E in 2019
General Fusion Inc., established in 2002 and headquartered in Burnaby, Canada, specializes in developing commercial Magnetized Target Fusion (MTF), a hybrid fusion method combining magnetic confinement and inertial confinement principles. The company focuses on creating utility-scale fusion power using its patent-pending MTF concept, which has the potential to provide clean, safe, and economical energy. General Fusion develops key subsystems such as plasma injectors, acoustic drivers, and liquid metal vortex compression tests to advance its MTF technology. Backed by a global syndicate of investors, industry leaders, and technology pioneers, General Fusion aims to demonstrate and commercialize its innovative fusion power plants by the end of the decade.

GreenCom Networks

Series C in 2019
GreenCom Networks AG is an energy IoT company based in Munich, Germany, with a focus on developing innovative solutions for the energy sector since its founding in 2011. The company operates an Energy Information Brokerage Platform that integrates various distributed energy assets, including solar panels, battery storage, electric vehicles, and heat pumps. Its platform offers several services, such as eibp connect for managing and controlling energy assets, eibp boost for visualizing and optimizing energy flows, eibp mesh for connecting customers to energy communities, eibp empower for developing energy tariffs, and eibp cluster for enhancing the capabilities of distributed assets. By providing these tools, GreenCom Networks enables utilities and energy service companies to improve customer engagement and introduce new digital energy services.

GreenFlux

Series B in 2018
GreenFlux is a company that provides an eMobility platform aimed at optimizing the management of electric vehicle (EV) charging networks. With a decade of experience in the international EV market, GreenFlux supports energy companies, network operators, and automotive stakeholders by facilitating remote management of charging stations, processing transactions, and adjusting charging processes in accordance with local electricity grid capacity and energy generation. The company's software streamlines billing operations and revenue management, monitors real-time charging behavior, and enhances grid capacity through a cloud-based system. Operating in over 21 countries across five continents, GreenFlux has established an ecosystem with more than 28,000 connected charge points, contributing to the acceleration of EV adoption.

GreenCom Networks

Series B in 2017
GreenCom Networks AG is an energy IoT company based in Munich, Germany, with a focus on developing innovative solutions for the energy sector since its founding in 2011. The company operates an Energy Information Brokerage Platform that integrates various distributed energy assets, including solar panels, battery storage, electric vehicles, and heat pumps. Its platform offers several services, such as eibp connect for managing and controlling energy assets, eibp boost for visualizing and optimizing energy flows, eibp mesh for connecting customers to energy communities, eibp empower for developing energy tariffs, and eibp cluster for enhancing the capabilities of distributed assets. By providing these tools, GreenCom Networks enables utilities and energy service companies to improve customer engagement and introduce new digital energy services.

Sonnen

Series D in 2016
Sonnen is a developer of solar-based energy storage systems that provides clean and affordable energy solutions for residential homes, agricultural farms, and commercial enterprises. Established in 2011, the company launched the Sonnenbatterie, one of the first intelligent lithium storage systems in the German and Austrian markets. Sonnen's products not only focus on energy storage but also include features such as active energy management, smart metering, and integration with virtual power plants. These systems allow users to optimize energy use, save money by utilizing energy generated from solar photovoltaic systems or the grid, and manage their home automation platforms effectively.

General Fusion

Venture Round in 2015
General Fusion Inc., established in 2002 and headquartered in Burnaby, Canada, specializes in developing commercial Magnetized Target Fusion (MTF), a hybrid fusion method combining magnetic confinement and inertial confinement principles. The company focuses on creating utility-scale fusion power using its patent-pending MTF concept, which has the potential to provide clean, safe, and economical energy. General Fusion develops key subsystems such as plasma injectors, acoustic drivers, and liquid metal vortex compression tests to advance its MTF technology. Backed by a global syndicate of investors, industry leaders, and technology pioneers, General Fusion aims to demonstrate and commercialize its innovative fusion power plants by the end of the decade.

Sonnen

Series B in 2014
Sonnen is a developer of solar-based energy storage systems that provides clean and affordable energy solutions for residential homes, agricultural farms, and commercial enterprises. Established in 2011, the company launched the Sonnenbatterie, one of the first intelligent lithium storage systems in the German and Austrian markets. Sonnen's products not only focus on energy storage but also include features such as active energy management, smart metering, and integration with virtual power plants. These systems allow users to optimize energy use, save money by utilizing energy generated from solar photovoltaic systems or the grid, and manage their home automation platforms effectively.

NGenTec

Venture Round in 2010
NGenTec is a spinout company from the University of Edinburgh's School of Engineering, founded in 2009 by Dr. Markus Mueller and Dr. Alasdair McDonald. The company specializes in the manufacture of direct drive permanent magnet generators, primarily targeting the renewable energy sector, particularly wind energy generation. NGenTec's generators offer a compact and lightweight design that reduces manufacturing, assembly, installation, and transportation costs while enhancing energy yield. Through its innovative technology, the company aims to establish itself as a leading supplier in the growing 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.

EnOcean

Venture Round in 2009
EnOcean GmbH, founded in 2001 and headquartered in Oberhaching, Germany, specializes in energy harvesting technology and wireless sensor solutions for building automation, industrial applications, and environmental monitoring. The company offers a range of products, including energy converters, wireless sensors, controllers, transmitters, receivers, and development tools, designed to enable maintenance-free, battery-less operations in various environments. EnOcean's innovative technology allows sensors to harvest energy from their surroundings, making them ideal for applications in smart homes, lighting systems, and automated meter reading. The company distributes its products through a network of partners across numerous countries, including Austria, Belgium, Canada, China, Germany, the United States, and several others in Europe and beyond. EnOcean's solutions aim to enhance energy efficiency and user convenience in the growing Internet of Things market.
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