Innogy Venture Capital

eSmart Systems AS, founded in 2012 and headquartered in Halden, Norway, specializes in developing smart grid software solutions for the energy industry and service providers. The company leverages over two decades of international experience in IT and energy-related sectors, providing a cloud-born platform designed to manage the Internet of Things, Big Data, and real-time analytics. Its operational intelligence software aims to enhance energy savings, optimize investments, and reduce carbon footprints through data-driven decisions. The eSmart System Platform collects data from a variety of sources, including sensors and automation systems, while its product suite includes solutions for connected grids, production, buildings, and vehicle applications. The company also tailors applications for utilities, consumers, and professionals, supporting innovation and business development. With nearly 80 employees and additional offices in locations such as Palo Alto, California, eSmart Systems is recognized for its advanced predictive and optimization models that transform vast data quantities into actionable insights for energy grid operators.

Heliatek GmbH, founded in 2006 and based in Dresden, Germany, specializes in the development and manufacture of organic photovoltaics (OPV) solutions, particularly HeliaSol and HeliaFilm. These innovative products are designed for integration into various building surfaces, including horizontal, vertical, and curved structures, making them suitable for retrofitting existing buildings as well as for new construction. Heliatek's OPV technology is characterized by its ultra-lightweight and flexible nature, contributing to environmentally friendly energy solutions. The company serves a diverse clientele, including those in the building and construction materials industry, automotive manufacturers, and suppliers, and has established strategic partnerships with firms such as AGC Glass Europe and Reckli China. With approximately 160 employees, Heliatek is at the forefront of advancing organic electronics, utilizing advanced roll-to-roll manufacturing processes in controlled environments to produce its solar films.

enercast GmbH is a technology provider based in Kassel, Germany, specializing in renewable energy forecasting. Established in 2011, the company offers software-as-a-service solutions that deliver precise power forecasts for wind and solar energy plants, facilitating the integration of renewable resources into electricity grids and energy markets. Enercast's self-learning software utilizes artificial intelligence to provide reliable weather insights, aiding clients in their decision-making processes. Additionally, the company has developed the enercast city system, a dashboard that visualizes the expected share of renewable energy from various sources. Enercast's services extend across 20 countries, covering a total of 160 GW of installed capacity and delivering over 100 million forecast data points globally.

Heliatek GmbH, founded in 2006 and based in Dresden, Germany, specializes in the development and manufacture of organic photovoltaics (OPV) solutions, particularly HeliaSol and HeliaFilm. These innovative products are designed for integration into various building surfaces, including horizontal, vertical, and curved structures, making them suitable for retrofitting existing buildings as well as for new construction. Heliatek's OPV technology is characterized by its ultra-lightweight and flexible nature, contributing to environmentally friendly energy solutions. The company serves a diverse clientele, including those in the building and construction materials industry, automotive manufacturers, and suppliers, and has established strategic partnerships with firms such as AGC Glass Europe and Reckli China. With approximately 160 employees, Heliatek is at the forefront of advancing organic electronics, utilizing advanced roll-to-roll manufacturing processes in controlled environments to produce its solar films.

Kiwigrid GmbH is a German company based in Dresden that specializes in developing and operating a smart grid energy management platform tailored for the European market. Founded in 2011, Kiwigrid offers a range of solutions that facilitate the integration of decentralized energy producers, storage systems, and consumers, while also supporting electric mobility. Its product suite includes tools for home and industrial energy management, which provide monitoring of energy consumption, system modeling, and data analysis. The company also features a virtual power plant system that allows for energy trading and remote site control. Kiwigrid's solutions are designed to enhance transparency in energy usage, automate energy generation and consumption, and optimize energy costs for clients in various sectors including utilities, automotive, and real estate.

Mantex AB, established in 1987 and headquartered in Kista, Sweden, specializes in the manufacturing and sale of industrial X-ray scanners designed for various applications, including bioenergy and pulp and paper production. The company develops advanced biofuel analyzers that evaluate the quality of wood-based biofuels and flow scanners that facilitate the scanning of wood chips used in pulp and paper processes. Mantex's products provide real-time analysis of organic materials, enabling industries to address challenges such as variations in the properties of raw materials, particularly differences in water content. By enhancing the efficiency and accuracy of material assessment, Mantex plays a crucial role in improving industrial processes that involve harvested trees, plants, and crops, both in Sweden and internationally.

Topell Energy is a Dutch clean technology company focused on the production of high-value solid bio-fuel from woody biomass through a process known as torrefaction. This innovative process transforms biomass into torrefied pellets, also referred to as torrefied biomass or biocoal, which are designed to enhance the efficiency and sustainability of the biomass supply chain. By specializing in both the production of these torrefied pellets and the technology behind their creation, Topell Energy aims to contribute to the transition towards renewable energy sources.

enercast GmbH is a technology provider based in Kassel, Germany, specializing in renewable energy forecasting. Established in 2011, the company offers software-as-a-service solutions that deliver precise power forecasts for wind and solar energy plants, facilitating the integration of renewable resources into electricity grids and energy markets. Enercast's self-learning software utilizes artificial intelligence to provide reliable weather insights, aiding clients in their decision-making processes. Additionally, the company has developed the enercast city system, a dashboard that visualizes the expected share of renewable energy from various sources. Enercast's services extend across 20 countries, covering a total of 160 GW of installed capacity and delivering over 100 million forecast data points globally.

GreenWatt is a CleanTech company specializing in the development and engineering of small-scale biogas plants. It offers comprehensive services that encompass feasibility studies, construction, and the commissioning of turn-key anaerobic digestion systems. Utilizing innovative and patented technologies, GreenWatt addresses key challenges associated with anaerobic digestion. The company's biogas installations are designed to transform organic waste into renewable energy, providing a sustainable solution for the agro-food and beverage industries. By integrating locally-developed systems, GreenWatt enables its clients to reduce costs and improve efficiency in an environmentally friendly manner.

Airec specializes in the design, manufacture, and application of compact plate heat exchangers tailored for various gas mediums. The company focuses on developing innovative solutions to enhance energy efficiency in diverse systems, including boilers, cogeneration power systems, aircraft turbines, and refrigeration and freezer systems. Airec's heat exchangers play a crucial role in reducing CO2 emissions, particularly in biogas upgrading systems, where they facilitate effective gas cooling. With considerable expertise in the field, Airec is also equipped to undertake the development and performance calculation of entirely new products in the gas heat exchangers sector.

Ceram Hyd, established in September 2005, focuses on research and development in hydrogen production, storage, and its reconversion into electricity. The company specializes in environmental technological products that enhance energy storage and improve water and resource efficiency. Its core innovation is based on CERAPEM membrane technology, which features a proprietary flat-sheet, flexible, ceramic ion exchange membrane known for its excellent conductivity and durability. This technology enables original equipment manufacturers to efficiently electrolyze ordinary salt brine, facilitating the on-demand production of valuable products while also serving as a pH adjusting or cleaning agent.

Stirling DK (www.stirling.com) is the world's leading provider of biomass fuelled Stirling engine based energy systems. These systems enable customers to become self-sufficient with onsite generation of carbon neutral heat and power, sourced from locally available renewable fuels. The current major shareholders of Stirling DK are Vækstfonden, Denmark, and RWE Innogy Ventures, Germany.

Mantex AB, established in 1987 and headquartered in Kista, Sweden, specializes in the manufacturing and sale of industrial X-ray scanners designed for various applications, including bioenergy and pulp and paper production. The company develops advanced biofuel analyzers that evaluate the quality of wood-based biofuels and flow scanners that facilitate the scanning of wood chips used in pulp and paper processes. Mantex's products provide real-time analysis of organic materials, enabling industries to address challenges such as variations in the properties of raw materials, particularly differences in water content. By enhancing the efficiency and accuracy of material assessment, Mantex plays a crucial role in improving industrial processes that involve harvested trees, plants, and crops, both in Sweden and internationally.

Voith is a German manufacturing company headquartered in Heidenheim an der Brenz, specializing in machines and equipment for the pulp and paper industry, as well as technical systems for hydropower plants and drive and braking solutions. Founded in 1867, this family-owned enterprise operates globally and is committed to providing innovative products and services that enhance machinery, automation, and efficiency while considering environmental impact and safety management. Voith serves a diverse range of markets, delivering comprehensive industry solutions that support and develop operational capabilities across various sectors.

ReVolt Technology is a technology company, which is developing a rechargeable zinc-air battery. ReVolt's batteries may enable more high-power consumer devices, electric vehicles and renewable energy storage. The technology is a result of six years of intense research and development at SINTEF (the largest independent research institute in Scandinavia). Research on material combinations has solved issues historically related to the metal-air technology; power, lifetime and rechargeability.

Quietrevolution is a company that specializes in manufacturing miniature wind turbines with a focus on promoting wind energy. The company's product, qr5, addresses common issues associated with traditional wind turbines by generating comparable amounts of energy while producing significantly less noise. Quietrevolution achieves this through the use of advanced composite materials such as carbon fiber for its blades, spokes, and torque tube, which enhance weight reduction, stiffness, and longevity. This innovative design allows energy businesses to benefit from improved power generation and increased swept area, all while maintaining the original design's intrinsic value.

Topell Energy is a Dutch clean technology company focused on the production of high-value solid bio-fuel from woody biomass through a process known as torrefaction. This innovative process transforms biomass into torrefied pellets, also referred to as torrefied biomass or biocoal, which are designed to enhance the efficiency and sustainability of the biomass supply chain. By specializing in both the production of these torrefied pellets and the technology behind their creation, Topell Energy aims to contribute to the transition towards renewable energy sources.