EIT InnoEnergy

Founded in 2010 and based in Eindhoven, Netherlands, EIT InnoEnergy is a leading innovation engine focused on sustainable energy. The company operates with a mission to support the growth of early-stage companies in sectors such as climate technology, clean technology, mobility, and the Internet of Things. EIT InnoEnergy invests primarily in seed and early-stage businesses, aiming to enhance their potential through value-added services that mitigate risks and accelerate development. With offices across Europe and the United States, the firm is committed to fostering innovation in the energy sector to drive sustainable solutions.

Mikel Lasa

Managing Director

Christian Müller

CEO of KIC InnoEnergy Germany

Diego Pavía

CEO

Jacob Ruiter

Co-CEO, Benelux and Executive Board Member

Johanne Ulrich

Investment Director, France

Karine Vernier

CEO

Lowina Lundström

CEO

Past deals in Utilities

Atawey

Venture Round in 2024
ATAWEY, founded in 2012 by Jean-Michel Amaré and Pierre-Jean Bonnefond, specializes in designing and manufacturing autonomous energy solutions specifically for isolated sites. The company employs established French technologies to provide innovative and sustainable energy products tailored to the unique needs of each client. ATAWEY focuses on delivering turnkey power supply systems, including hydrogen refueling stations, which offer a clean and reliable alternative to traditional energy sources. By addressing the challenges of energy availability in remote locations, ATAWEY ensures that businesses can access green energy even in situations where batteries may be depleted and diesel options have a substantial carbon footprint. The company is committed to project management that emphasizes adaptability, reliability, and environmental responsibility, aiming for economic viability and quick returns on investment for its clients.

Spottitt

Seed Round in 2024
Spottitt is a geospatial analytics company that utilizes machine learning and satellite imagery from over 200 satellites to provide real-time monitoring solutions for transmission and distribution utilities. By transforming a wide range of satellite and geospatial data into actionable metrics, Spottitt helps organizations monitor critical assets' safety and performance throughout their lifecycle. The platform addresses various risks, including vegetation hazards, pipeline leaks, third-party interventions, and climate conditions, making it a valuable tool for asset management. Spottitt offers a cloud-based, user-friendly service that integrates seamlessly with clients' internal systems. The company's revenue model is based on a "metrics as a service" approach, with affordable trial options designed to lower barriers for new customers. Spottitt has successfully acquired multiple significant clients and is poised to capitalize on the growing geospatial analytics market, particularly within the utility sector, where demand is driven by aging infrastructure and the need for enhanced reliability and safety.

Enline

Seed Round in 2024
Enline is a global leader in Digital Twin technology specifically designed for power grids. The company focuses on simplifying complex operations through innovative solutions that enhance profitability and efficiency for its customers. Enline's technology enables the creation and management of Digital Twins for power system assets, providing insights into their electrical, mechanical, and thermal behaviors without the need for physical sensors. This capability allows for rapid deployment and monitoring in a fully remote manner, resulting in significant cost savings. Enline serves a diverse range of sectors, including transmission system operators, distribution system operators, power generation, industry, mining, and insurance, with clients across five continents. The company has established offices in Portugal, Germany, Brazil, and Peru, and maintains a presence in over 25 countries, highlighting its commitment to innovation and global reach in the energy sector.

suena

Seed Round in 2023
Suena Energy is a pioneering provider of algorithmic and AI-based solutions for marketing battery storage and renewable energy. The company's advanced trading autopilot leverages cutting-edge algorithms and precise forecasts to optimize trading decisions in real time, enhancing efficiency across various power and electricity markets. Suena Energy's technology facilitates optimized marketing for stand-alone storage, as well as integrated systems combining photovoltaics and wind energy with storage. By employing machine learning, the firm calculates optimal participation in energy and balancing markets, taking technical factors into account. This innovative approach not only maximizes revenues and extends the lifespan of storage systems but also minimizes risks for clients. Additionally, Suena Energy offers portfolio optimization and white-label partner solutions, positioning itself as a leader in the integration of energy storage and renewables into power trading.

SeaQurrent

Venture Round in 2022
SeaQurrent is a developer of technology that harnesses tidal and ocean currents to generate clean electricity. The company specializes in creating energy plants that can operate in both shallow and deep low-velocity water, providing an alternative energy source with minimal impact on wildlife and human activities. SeaQurrent's systems are designed for easy and cost-effective installation and maintenance, making them accessible for various industries seeking sustainable energy solutions.

Silbat

Seed Round in 2022
Silbat is focused on developing innovative long-duration molten silicon batteries that utilize the latent heat of fusion of silicon for energy storage. These batteries are designed to provide a storage duration of up to 100 hours, making them an effective solution for integrating variable renewable energy sources into the power grid. Silbat's technology aims to achieve a capital expenditure of less than $10 per kilowatt-hour, positioning it as a cost-competitive alternative to conventional fossil fuel and nuclear power plants. By enabling efficient back-conversion of stored energy to electricity through thermophotovoltaics, Silbat's offerings help clients reduce energy storage costs and improve overall economic viability in the energy sector.

suena

Pre Seed Round in 2022
Suena Energy is a pioneering provider of algorithmic and AI-based solutions for marketing battery storage and renewable energy. The company's advanced trading autopilot leverages cutting-edge algorithms and precise forecasts to optimize trading decisions in real time, enhancing efficiency across various power and electricity markets. Suena Energy's technology facilitates optimized marketing for stand-alone storage, as well as integrated systems combining photovoltaics and wind energy with storage. By employing machine learning, the firm calculates optimal participation in energy and balancing markets, taking technical factors into account. This innovative approach not only maximizes revenues and extends the lifespan of storage systems but also minimizes risks for clients. Additionally, Suena Energy offers portfolio optimization and white-label partner solutions, positioning itself as a leader in the integration of energy storage and renewables into power trading.

Spottitt

Seed Round in 2021
Spottitt is a geospatial analytics company that utilizes machine learning and satellite imagery from over 200 satellites to provide real-time monitoring solutions for transmission and distribution utilities. By transforming a wide range of satellite and geospatial data into actionable metrics, Spottitt helps organizations monitor critical assets' safety and performance throughout their lifecycle. The platform addresses various risks, including vegetation hazards, pipeline leaks, third-party interventions, and climate conditions, making it a valuable tool for asset management. Spottitt offers a cloud-based, user-friendly service that integrates seamlessly with clients' internal systems. The company's revenue model is based on a "metrics as a service" approach, with affordable trial options designed to lower barriers for new customers. Spottitt has successfully acquired multiple significant clients and is poised to capitalize on the growing geospatial analytics market, particularly within the utility sector, where demand is driven by aging infrastructure and the need for enhanced reliability and safety.

Solarworx

Seed Round in 2021
Solarworx is a Berlin-based company founded in 2017 that focuses on developing smart solar solutions for rural off-grid households and businesses. The company manufactures modular and grid-based solar systems designed to meet both current and future electricity demands. These systems generate energy that enables users to harness solar power in a cost-effective and efficient manner, thereby improving energy access for those in remote areas.

Enline

Seed Round in 2020
Enline is a global leader in Digital Twin technology specifically designed for power grids. The company focuses on simplifying complex operations through innovative solutions that enhance profitability and efficiency for its customers. Enline's technology enables the creation and management of Digital Twins for power system assets, providing insights into their electrical, mechanical, and thermal behaviors without the need for physical sensors. This capability allows for rapid deployment and monitoring in a fully remote manner, resulting in significant cost savings. Enline serves a diverse range of sectors, including transmission system operators, distribution system operators, power generation, industry, mining, and insurance, with clients across five continents. The company has established offices in Portugal, Germany, Brazil, and Peru, and maintains a presence in over 25 countries, highlighting its commitment to innovation and global reach in the energy sector.

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.

Solarworx

Seed Round in 2020
Solarworx is a Berlin-based company founded in 2017 that focuses on developing smart solar solutions for rural off-grid households and businesses. The company manufactures modular and grid-based solar systems designed to meet both current and future electricity demands. These systems generate energy that enables users to harness solar power in a cost-effective and efficient manner, thereby improving energy access for those in remote areas.

AMPnet

Seed Round in 2020
AMPnet offers a comprehensive suite of tools tailored for cooperatives, facilitating the management of payments, invoicing, smart metering, demand side management, crowdinvesting, and community governance. The company provides an integrated hardware and software solution that includes web applications, mobile apps for iOS and Android, and a blockchain payments and governance platform. Additionally, AMPnet features an open-source smart meter hardware specification, allowing for a straightforward implementation process that minimizes onboarding complexities and operational costs. By focusing on decentralized finance, AMPnet also supports asset management and emissions trading, enabling businesses to effectively manage digital tools and decentralized assets within a robust blockchain infrastructure.

Naoden

Seed Round in 2020
Naoden is a manufacturer and integrator of solutions for producing heat and electricity through the gasification of biomass, particularly wood waste. Founded in 2015 and based in Nantes, Pays de la Loire, the company operates a network of compact bioenergetic power plants. These facilities utilize a gasification unit to generate biogas, which is subsequently converted into consumable energy forms. By enabling clients to manage their energy production and consumption, Naoden helps reduce waste and lower energy costs.

Ener-Pacte

Seed Round in 2020
Ener-Pacte specializes in the operation, security, and optimization of photovoltaic power plants. The company was established to address the increasing challenges faced by photovoltaic installations, particularly in France and other countries with extensive solar energy systems. Ener-Pacte offers a range of services aimed at enhancing the profitability of these power plants. By providing straightforward and effective support to owners of non-professional photovoltaic systems, the company enables clients to optimize their financial returns and secure their existing income. This focus on practical solutions positions Ener-Pacte as a key player in the renewable energy sector, particularly in the context of growing reliance on solar power.

AMPnet

Seed Round in 2019
AMPnet offers a comprehensive suite of tools tailored for cooperatives, facilitating the management of payments, invoicing, smart metering, demand side management, crowdinvesting, and community governance. The company provides an integrated hardware and software solution that includes web applications, mobile apps for iOS and Android, and a blockchain payments and governance platform. Additionally, AMPnet features an open-source smart meter hardware specification, allowing for a straightforward implementation process that minimizes onboarding complexities and operational costs. By focusing on decentralized finance, AMPnet also supports asset management and emissions trading, enabling businesses to effectively manage digital tools and decentralized assets within a robust blockchain infrastructure.

Volterion

Series A in 2018
Volterion GmbH, established in 2015 and based in Dortmund, Germany, specializes in the manufacturing and sale of compact redox flow batteries for residential energy storage, primarily for renewable energy sources. The company produces redox flow stacks, modules, and systems, utilizing a unique, patented manufacturing process for weldable bipolar-graphite-electrodes. Volterion's innovative energy systems, such as the powerRFB, cater to diverse industrial applications and meet high-demand standards. The company's technology and business model have been recognized with several awards, including the ACHEMA Energy Founders Award and the TU Startup Award.

Klugit Energy

Pre Seed Round in 2018
Klugit Energy focuses on providing efficient demand-response solutions for utilities and households through its innovative smart plug technology. This plug can be attached to any electric water heater, transforming it into a Wi-Fi connected and smart-grid compatible device. Electric water heaters are known to waste significant energy due to standby thermal losses, with millions installed across Europe contributing to substantial energy waste. By utilizing artificial intelligence, Klugit's system learns users' hot water consumption patterns and optimizes heating schedules, resulting in immediate cost savings for families. Additionally, Klugit offers a cost-effective solution for utilities seeking to implement peak shaving services, effectively converting electric water heaters into energy storage devices that can address challenges associated with renewable energy integration.

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.

Sepin

Seed Round in 2016
SEPIN specializes in providing a utilities platform that facilitates digital transformation for energy providers. This enterprise software, combined with IoT devices, streamlines business and operational processes, enabling utilities to manage data and automate workflows effectively. By offering accurate, real-time data from a centralized source, SEPIN's platform supports various teams, including billing, marketing, and sales. Additionally, it enhances customer experience through mobile applications and gamification features, helping utilities engage with their customers more effectively. Overall, SEPIN aims to position its clients competitively in an evolving digital landscape.

Ferroamp Elektronik

Seed Round in 2016
Ferroamp Elektronik AB specializes in developing and manufacturing innovative power electronics aimed at enhancing the efficiency of electrical energy use. The company's primary product is the ACE, a four-quadrant inverter that facilitates quicker electric vehicle charging and helps reduce grid fees. ACE is a component of the modular EnergyHub system, which can be expanded with solar cells and energy storage solutions according to user needs. This smart grid concept optimizes the versatility and economic viability of solar installations, benefiting both homeowners and utility companies. Additionally, Ferroamp offers a range of energy optimization solutions, including solar string optimizers, energy storage optimizers, and adaptive equalization, primarily catering to property companies, energy consultants, and electric power firms.

HYGEN

Seed Round in 2015
HYGEN is a developer of innovative home fueling appliances aimed at transforming the conventional gas distribution grid into a decentralized refueling infrastructure for gas-powered vehicles. Their patented liquid piston gas compression technology enhances the efficiency of gaseous fuel compression and eliminates issues such as maintenance and breakdowns. This technology allows for the rapid refueling of vehicles in just three minutes, making it a convenient option for users at home or in offices. By providing a low-cost solution for at-home fueling, HYGEN enhances the appeal of natural gas vehicles, positioning them similarly to electric vehicles. The company enables gas utilities to tap into the transportation fuel market, offering carbon-neutral and economical biomethane directly to consumers. As a result, HYGEN not only extends the service life of their appliances significantly but also reduces the total cost of ownership, creating a new segment within the gas industry focused on clean and affordable fuel delivery.
Spot something off? Help us improve by flagging any incorrect or outdated information. Just email us at support@teaserclub.com. Your feedback is most welcome.