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, KIC InnoEnergy Germany

Diego Pavía

CEO

Jacob Ruiter

Co-CEO, Benelux and Executive Board Member

Past deals in Electric Grid

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.

Mine Storage

Venture Round in 2024
Mine Storage develops and operates fast-response and medium- to large-scale pumped hydro storage systems housed in underground mines, contributing to the sustainable energy transition by providing grid-scale energy storage. The company maintains a portfolio of environmentally friendly storage technologies and pursues sites intended to enable electrification and reliable power for variable generation. It covers the full project lifecycle from qualifying and acquiring suitable sites through project development, financial structuring, design, procurement and construction to technical and commercial management, delivering solutions for clients facing intermittent power and broader electrification needs.

Eneida

Series B in 2024
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.

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.

Rivus

Seed Round in 2023
Rivus Batteries is an innovative green technology company dedicated to advancing sustainable energy storage solutions through its unique metal-free flow battery technology. The company specializes in developing novel organic electrolytes made from abundantly available elements, which can be synthesized on a large scale while maintaining a low environmental footprint. Rivus focuses on providing cost-effective and environmentally friendly alternatives for long-duration energy storage, positioning itself as a leader in the field of eco-friendly grid-scale energy solutions. By utilizing water-based organic electrolytes, Rivus aims to reduce both costs and the environmental impact associated with traditional energy storage technologies.

Bamboo Energy

Seed Round in 2021
Bamboo Energy develops a platform for retailers and energy aggregators to manage and monetize distributed energy flexibility resources. The solution aims to accelerate the energy transition by making cleaner and cheaper energy more accessible and supports the integration of more renewable energy sources. The software forecasts consumption, flexibility, and market conditions for portfolio management, and helps operate and derive value from a portfolio of customers by participating in various electricity markets in an aggregated, coordinated manner. It uses artificial intelligence, mathematical optimization models, and cloud computing to optimize asset performance, improve operational efficiency, and enhance client operations across distributed energy resources.

Bamboo Energy

Seed Round in 2021
Bamboo Energy develops a platform for retailers and energy aggregators to manage and monetize distributed energy flexibility resources. The solution aims to accelerate the energy transition by making cleaner and cheaper energy more accessible and supports the integration of more renewable energy sources. The software forecasts consumption, flexibility, and market conditions for portfolio management, and helps operate and derive value from a portfolio of customers by participating in various electricity markets in an aggregated, coordinated manner. It uses artificial intelligence, mathematical optimization models, and cloud computing to optimize asset performance, improve operational efficiency, and enhance client operations across distributed energy resources.

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.

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.

Rivus

Venture Round in 2020
Rivus Batteries is an innovative green technology company dedicated to advancing sustainable energy storage solutions through its unique metal-free flow battery technology. The company specializes in developing novel organic electrolytes made from abundantly available elements, which can be synthesized on a large scale while maintaining a low environmental footprint. Rivus focuses on providing cost-effective and environmentally friendly alternatives for long-duration energy storage, positioning itself as a leader in the field of eco-friendly grid-scale energy solutions. By utilizing water-based organic electrolytes, Rivus aims to reduce both costs and the environmental impact associated with traditional energy storage technologies.

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.

Enervalis

Series A in 2020
Enervalis develops software that optimizes sustainable energy use. Its platform monitors energy sources and demand, predicts future needs using AI and big data, and distributes energy efficiently among users.

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.

Energy Floors

Seed Round in 2020
Energy Floors designs, manufactures, and supplies pedestrian flooring systems that convert kinetic and solar energy into electricity. The company’s products are installed in public spaces such as pavements, plazas, and transit hubs, allowing foot traffic and sunlight to generate power that can be used on site or fed into the grid. By making renewable energy production visible and interactive, Energy Floors engages the public in sustainable practices and promotes awareness of clean energy generation.

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.

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.
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