Innogy Venture Capital

eSmart Systems AS specializes in developing intelligent software solutions for the energy sector, focusing on smart grid technologies. Founded in 2012 and headquartered in Halden, Norway, with an office in Palo Alto, California, the company leverages over 20 years of industry experience to offer cloud-based platforms that utilize the Internet of Things, Big Data, and advanced analytics. Their operational intelligence software optimizes energy investments, enhances energy efficiency, and reduces carbon footprints through informed decision-making. eSmart Systems provides a comprehensive suite of products, including connected grid solutions and tailored applications for utilities and consumers, enabling real-time data collection and analysis from various sources such as sensors and building automation systems. The company aims to improve asset management and operational efficiency for energy grid operators, ultimately lowering maintenance costs and extending the lifespan of critical infrastructure.

Heliatek GmbH, based in Dresden, Germany, specializes in the development and production of organic solar films and photovoltaic cells. Its flagship product, HeliaSol, is an organic photovoltaics (OPV) solution that can be applied to various surfaces, making it suitable for building retrofitting, automotive applications, and other innovative projects. Heliatek caters to the building and construction material sector, as well as automotive manufacturers, offering tailored products like HeliaFilm for integration into façade and roofing systems. The company is recognized as a leader in organic photovoltaics, leveraging its ultra-light and flexible technology to provide sustainable energy solutions. Established in 2006, Heliatek has formed strategic partnerships with companies such as AGC Glass Europe and Reckli China, and it employs around 160 people across its facilities in Germany. The research and development of its technologies have received support from the Free State of Saxony, the Federal Republic of Germany, and the European Union.

enercast GmbH specializes in renewable energy forecasting, offering software-as-a-service products that provide accurate power forecasts for wind and solar plants. Founded in 2011 and headquartered in Kassel, Germany, the company enables the effective integration of renewable energy into power grids and energy markets globally. Its self-learning forecasting solutions deliver approximately 100 million data points across 20 countries, covering a total of 160 GW of installed capacity. Additionally, enercast develops the enercast city system, which serves as a dashboard displaying the predicted share of renewable energy from various sources. The company is committed to advancing the digital transformation of renewable energy through applied artificial intelligence and big data, supporting businesses in their decision-making processes.

Heliatek GmbH, based in Dresden, Germany, specializes in the development and production of organic solar films and photovoltaic cells. Its flagship product, HeliaSol, is an organic photovoltaics (OPV) solution that can be applied to various surfaces, making it suitable for building retrofitting, automotive applications, and other innovative projects. Heliatek caters to the building and construction material sector, as well as automotive manufacturers, offering tailored products like HeliaFilm for integration into façade and roofing systems. The company is recognized as a leader in organic photovoltaics, leveraging its ultra-light and flexible technology to provide sustainable energy solutions. Established in 2006, Heliatek has formed strategic partnerships with companies such as AGC Glass Europe and Reckli China, and it employs around 160 people across its facilities in Germany. The research and development of its technologies have received support from the Free State of Saxony, the Federal Republic of Germany, and the European Union.

Kiwigrid GmbH is a German company that develops and operates a smart grid energy management platform aimed at the European market. Founded in 2011 and based in Dresden, Kiwigrid focuses on optimizing energy systems by integrating decentralized energy producers, storage systems, intelligent measuring systems, and electric mobility charging solutions. Their offerings include an energy management system that monitors energy consumption in homes and industries, as well as tools for capturing metering data and enabling features like peak shifting. Additionally, Kiwigrid provides a virtual power plant system that facilitates energy trading and real-time data management. Their solutions are designed to enhance transparency in energy usage, automate processes, and help clients efficiently manage renewable energy resources, ultimately reducing costs and improving control over energy operations across various sectors, including utilities, automotive, and real estate.

Mantex AB manufactures and sells industrial X-ray scanners, primarily serving the bioenergy, pulp and paper, and research sectors both in Sweden and internationally. Established in 1987 and based in Kista, Sweden, the company specializes in biofuel analyzers that evaluate the quality of wood-based biofuels, as well as flow scanners designed to assess wood chips for pulp and paper production. Mantex's innovative technology enables real-time analysis of organic materials used in various industrial processes, helping to identify foreign objects and measure material properties effectively. This capability is particularly important in addressing the challenges posed by variations in the water content of raw materials, which can impact the purchasing and processing of organic matter in large quantities.

Topell Energy is a Dutch clean technology company that specializes in the production of high-value solid bio-fuel from woody biomass through a process known as torrefaction. This innovative method results in torrefied biomass, also referred to as biocoal or refined biomass, which serves as a sustainable energy source. The company not only produces torrefied pellets but also offers its torrefaction technology to enhance the biomass supply chain. By focusing on clean energy solutions, Topell Energy aims to contribute to a more sustainable future.

enercast GmbH specializes in renewable energy forecasting, offering software-as-a-service products that provide accurate power forecasts for wind and solar plants. Founded in 2011 and headquartered in Kassel, Germany, the company enables the effective integration of renewable energy into power grids and energy markets globally. Its self-learning forecasting solutions deliver approximately 100 million data points across 20 countries, covering a total of 160 GW of installed capacity. Additionally, enercast develops the enercast city system, which serves as a dashboard displaying the predicted share of renewable energy from various sources. The company is committed to advancing the digital transformation of renewable energy through applied artificial intelligence and big data, supporting businesses in their decision-making processes.

GreenWatt is a CleanTech company specializing in the development of anaerobic digestor plants that convert organic waste into renewable energy. The company provides comprehensive engineering services, including feasibility studies, construction, and the startup of turn-key small-scale biogas plants. Utilizing innovative and patented technologies, GreenWatt addresses key challenges associated with anaerobic digestion. Its installations are designed to integrate locally within the agro-food and beverage industries, offering a cost-effective and efficient solution for waste management and energy production.

Airec specializes in the design, manufacture, and application of compact plate heat exchangers, which are essential for energy conservation across various industries. Their products are utilized in boilers, cogeneration power systems, aircraft turbines, refrigeration systems, and biogas processing. Airec's heat exchangers play a critical role in reducing CO2 emissions, making them valuable for gas cooling applications, particularly in biogas upgrading systems. The company also possesses capabilities for developing and calculating the performance of innovative products within the gas heat exchanger sector.

Ceram Hyd, established in September 2005, focuses on research and development in hydrogen production, storage, and re-conversion to electricity. The company specializes in environmental technological products, utilizing its proprietary CERAPEM membrane technology, which features a flexible, flat-sheet ceramic ion exchange membrane known for its excellent conductivity and durability. This technology enables original equipment manufacturers to enhance the on-demand production of valuable products by electrolyzing ordinary salt brine and utilizing a pH-adjusting or cleaning agent. Through these innovations, Ceram Hyd aims to contribute to energy storage solutions and improve water and resource efficiency.

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 manufactures and sells industrial X-ray scanners, primarily serving the bioenergy, pulp and paper, and research sectors both in Sweden and internationally. Established in 1987 and based in Kista, Sweden, the company specializes in biofuel analyzers that evaluate the quality of wood-based biofuels, as well as flow scanners designed to assess wood chips for pulp and paper production. Mantex's innovative technology enables real-time analysis of organic materials used in various industrial processes, helping to identify foreign objects and measure material properties effectively. This capability is particularly important in addressing the challenges posed by variations in the water content of raw materials, which can impact the purchasing and processing of organic matter in large quantities.

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 manufacturer of innovative miniature wind turbines designed to enhance the efficiency of wind energy generation. Its flagship product, the qr5, addresses common drawbacks associated with conventional wind turbines, such as noise and size. By utilizing advanced composite materials like carbon fiber, the turbines achieve a balance of reduced weight and increased strength, resulting in improved power generation capabilities. The design of quietrevolution's turbines allows for a greater swept area while maintaining the aesthetic and functional integrity of traditional turbine models. This approach positions the company as a forward-thinking player in the renewable energy sector, appealing to energy businesses seeking effective and sustainable wind energy solutions.

Topell Energy is a Dutch clean technology company that specializes in the production of high-value solid bio-fuel from woody biomass through a process known as torrefaction. This innovative method results in torrefied biomass, also referred to as biocoal or refined biomass, which serves as a sustainable energy source. The company not only produces torrefied pellets but also offers its torrefaction technology to enhance the biomass supply chain. By focusing on clean energy solutions, Topell Energy aims to contribute to a more sustainable future.