SET Ventures

Frequenz specializes in managing renewable energy production and procurement by utilizing advanced technologies such as artificial intelligence, the Internet of Things, and battery storage. The company has developed the EDGE platform, which focuses on decentralized finance markets and enhances the deployment, optimization, and operation of microgrid infrastructures. Through this platform, Frequenz offers various solutions including flat rate energy, power storage energy, direct marketing energy, and fleet energy. By automating the renewable production value chain, Frequenz aims to help its partners reduce electricity costs while increasing revenue and profitability.

ETPA operates a trade platform dedicated to short-term electricity trading, emphasizing the capacity of trade participants. The platform allows users to engage in trading for themselves or via third parties, offering various contract options, including intraday, day ahead, week, and weekend trades. ETPA aims to facilitate a transition to a more sustainable energy future by providing an independent and transparent trading environment. This enables participants to optimize their energy portfolios, leverage flexibility in their production processes, and enhance liquidity in the short-term electricity market.

Tibo Energy focuses on transforming energy consumption, generation, and distribution through innovative software solutions. The company develops energy monitoring and smart grid controlling technology that optimizes the use of renewable energy sources and enhances grid stability. By employing advanced algorithms, Tibo Energy's solutions enable energy professionals to effectively manage microgrids and energy hubs, improving operational efficiency and maximizing financial returns while reducing carbon dioxide emissions. This approach not only streamlines energy management but also contributes to a more sustainable and environmentally friendly energy landscape.

HYDROGRID GmbH, founded in 2016 and based in Vienna, Austria, specializes in software solutions for optimizing hydropower plant management and energy dispatch. The company offers a SaaS platform that utilizes machine learning algorithms for hydrological forecasting and energy marketing, enabling power plant owners to align their production with market demands. This approach not only enhances revenue potential but also streamlines complex processes such as power trading, grid management, and water management. By reducing the operational workload for businesses, Hydrogrid facilitates a more efficient and effective management of renewable energy generation.

SensorFact B.V., founded in 2016 and based in Utrecht, the Netherlands, specializes in intelligent energy management systems for small and medium-sized enterprises in the manufacturing sector. The company provides low-cost, non-intrusive wireless sensors that measure real-time energy consumption, enabling businesses to monitor energy flows and identify savings opportunities. By translating sustainability into practical actions, SensorFact simplifies the complex concepts of energy management and sustainability for its clients. Its integrated system not only collects and analyzes data but also offers clear reporting, empowering industries to reduce their energy waste and overall footprint while lowering energy costs.

ESFORIN SE is a fully digital energy company, offering modularly integrable energy solutions – for both, power and gas.

Frequenz specializes in managing renewable energy production and procurement by utilizing advanced technologies such as artificial intelligence, the Internet of Things, and battery storage. The company has developed the EDGE platform, which focuses on decentralized finance markets and enhances the deployment, optimization, and operation of microgrid infrastructures. Through this platform, Frequenz offers various solutions including flat rate energy, power storage energy, direct marketing energy, and fleet energy. By automating the renewable production value chain, Frequenz aims to help its partners reduce electricity costs while increasing revenue and profitability.

ETPA operates a trade platform dedicated to short-term electricity trading, emphasizing the capacity of trade participants. The platform allows users to engage in trading for themselves or via third parties, offering various contract options, including intraday, day ahead, week, and weekend trades. ETPA aims to facilitate a transition to a more sustainable energy future by providing an independent and transparent trading environment. This enables participants to optimize their energy portfolios, leverage flexibility in their production processes, and enhance liquidity in the short-term electricity market.

FlexiDAO is a company that specializes in renewable energy tracking software, leveraging blockchain technology to certify and trace electricity from production to consumption. Its platform allows clients to make credible and verifiable claims about their energy's carbon footprint on an hourly basis. By providing real-time traceability and certification of origin for renewable energy, FlexiDAO enables customers to better understand the source and environmental impact of their energy usage. This capability supports businesses in procuring cleaner electricity and advancing their decarbonization efforts, ultimately making the goal of 24/7 carbon-free energy more attainable.

HYDROGRID GmbH, founded in 2016 and based in Vienna, Austria, specializes in software solutions for optimizing hydropower plant management and energy dispatch. The company offers a SaaS platform that utilizes machine learning algorithms for hydrological forecasting and energy marketing, enabling power plant owners to align their production with market demands. This approach not only enhances revenue potential but also streamlines complex processes such as power trading, grid management, and water management. By reducing the operational workload for businesses, Hydrogrid facilitates a more efficient and effective management of renewable energy generation.

SensorFact B.V., founded in 2016 and based in Utrecht, the Netherlands, specializes in intelligent energy management systems for small and medium-sized enterprises in the manufacturing sector. The company provides low-cost, non-intrusive wireless sensors that measure real-time energy consumption, enabling businesses to monitor energy flows and identify savings opportunities. By translating sustainability into practical actions, SensorFact simplifies the complex concepts of energy management and sustainability for its clients. Its integrated system not only collects and analyzes data but also offers clear reporting, empowering industries to reduce their energy waste and overall footprint while lowering energy costs.

Energyworx is a software company that specializes in developing a SaaS-based platform for energy data management and intelligence. Founded in 2012 by Edwin Poot and headquartered in Houten, Utrecht, the company aims to transform the energy and utilities market by enabling organizations to uncover the hidden value of their data. Energyworx's platform integrates and analyzes large volumes of smart meter and IoT data, providing users with real-time insights for informed decision-making. Its offerings include services such as meter data management, energy balancing for smart grids, and a social energy application. By facilitating efficient data management and operational insights, Energyworx helps energy and utility companies optimize grid performance and reduce losses during transmission and distribution.

ESFORIN SE is a fully digital energy company, offering modularly integrable energy solutions – for both, power and gas.

Energyworx is a software company that specializes in developing a SaaS-based platform for energy data management and intelligence. Founded in 2012 by Edwin Poot and headquartered in Houten, Utrecht, the company aims to transform the energy and utilities market by enabling organizations to uncover the hidden value of their data. Energyworx's platform integrates and analyzes large volumes of smart meter and IoT data, providing users with real-time insights for informed decision-making. Its offerings include services such as meter data management, energy balancing for smart grids, and a social energy application. By facilitating efficient data management and operational insights, Energyworx helps energy and utility companies optimize grid performance and reduce losses during transmission and distribution.

General Fusion Inc. is a Canadian company focused on the development of commercial Magnetized Target Fusion (MTF), a promising hybrid approach that combines elements of magnetic fusion and inertial confinement fusion. Founded in 2002 and based in Burnaby, the company aims to create utility-scale fusion power plants that can provide clean, safe, and abundant energy. General Fusion is pioneering a patent-pending concept that leverages advancements in MTF, which has seen limited exploration since the 1970s. The company is dedicated to demonstrating and commercializing this innovative energy solution by the end of the decade. It is supported by a network of global energy venture capital firms, industry leaders, and technology innovators, all working to reduce technical risks and accelerate the path to viable fusion energy.

FlexiDAO is a company that specializes in renewable energy tracking software, leveraging blockchain technology to certify and trace electricity from production to consumption. Its platform allows clients to make credible and verifiable claims about their energy's carbon footprint on an hourly basis. By providing real-time traceability and certification of origin for renewable energy, FlexiDAO enables customers to better understand the source and environmental impact of their energy usage. This capability supports businesses in procuring cleaner electricity and advancing their decarbonization efforts, ultimately making the goal of 24/7 carbon-free energy more attainable.

DEPsys is a Swiss technology company based in Puidoux, situated in the Lavaux region near Lake Geneva. The company specializes in developing modular power-grid systems that facilitate the integration of renewable energy sources, such as solar and wind power, into traditional low-voltage electricity networks. DEPsys offers a network optimization platform that measures, monitors, and controls these power grids, helping energy providers manage the challenges posed by decentralized energy production and increasing demand. By providing innovative solutions, DEPsys aims to enhance the efficiency and reliability of electricity distribution in a rapidly evolving energy landscape.

GreenFlux specializes in providing an eMobility platform that facilitates the management of electric vehicle charging networks, aiming to enhance the adoption of electric vehicles. The company supports energy providers, network operators, and automotive stakeholders by offering solutions for remote charge station management, transaction processing, and the adjustment of charging processes based on electricity grid capacity and local energy generation. With a decade of experience in the international electric vehicle market, GreenFlux operates in over 21 countries across five continents, managing a network of more than 28,000 connected charge points. Its software optimizes billing operations, monitors real-time charging behavior, and expands grid capacity through a cloud-based system, enabling users to access comprehensive information on charge points and transactions.

Limejump, established in 2012 and headquartered in London, specializes in operating a Virtual Power Plant (VPP) platform that optimizes energy market participation for customers with electricity-generating or consuming assets in the UK. The company's platform integrates cloud-based software, smart boxes, analytical tools, and customer portals to connect assets, send signals, and analyze performance. Limejump offers services such as access to the Balancing Mechanism, Power Purchase Agreements, and frequency response products. It also provides data analytics and insights to energy providers. By connecting customers to National Grid's demand response programs, Limejump enables businesses and generators to earn revenue and contribute to a greener energy future. Since February 2019, Limejump has been a subsidiary of Shell Petroleum.

Elmodis is a company that specializes in enhancing the energy and operational efficiency of electric-powered industrial machines through an integrated hardware and software solution. Founded by a team of engineers with extensive experience in machine monitoring and diagnostics, Elmodis enables manufacturers and end-users to remotely monitor the performance of their machines in real time. The company's innovative technology focuses on measuring the current and voltage from electric motors to detect malfunctions and improve overall efficiency. By providing an end-to-end IoT solution, Elmodis allows original equipment manufacturers to extract critical machine parameters, thereby facilitating predictive maintenance and optimizing energy use in industrial settings.

Energyworx is a software company that specializes in developing a SaaS-based platform for energy data management and intelligence. Founded in 2012 by Edwin Poot and headquartered in Houten, Utrecht, the company aims to transform the energy and utilities market by enabling organizations to uncover the hidden value of their data. Energyworx's platform integrates and analyzes large volumes of smart meter and IoT data, providing users with real-time insights for informed decision-making. Its offerings include services such as meter data management, energy balancing for smart grids, and a social energy application. By facilitating efficient data management and operational insights, Energyworx helps energy and utility companies optimize grid performance and reduce losses during transmission and distribution.

General Fusion Inc. is a Canadian company focused on the development of commercial Magnetized Target Fusion (MTF), a promising hybrid approach that combines elements of magnetic fusion and inertial confinement fusion. Founded in 2002 and based in Burnaby, the company aims to create utility-scale fusion power plants that can provide clean, safe, and abundant energy. General Fusion is pioneering a patent-pending concept that leverages advancements in MTF, which has seen limited exploration since the 1970s. The company is dedicated to demonstrating and commercializing this innovative energy solution by the end of the decade. It is supported by a network of global energy venture capital firms, industry leaders, and technology innovators, all working to reduce technical risks and accelerate the path to viable fusion energy.

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.