ENGIE New Ventures

Moving industry forward with next-gen advancements in energy storage and transmission

Alternative Energy

Connected Energy develops battery energy storage systems through the use of second life electric vehicle batteries. The company’s 300 kW E-STOR battery energy storage system is designed for commercial applications.The product comes in the form of a 20 ft container and is made using 24 second life Renault EV batteries. The battery system can be used individually or as multiple systems working together as per the customer’s requirements. Furthermore, Connected Energy’s control system communicates directly with all batteries to provide real time monitoring and control. The battery system's modular design makes it possible for batteries to be easily exchanged if required.The next generation of Connected Energy’s E-STOR battery energy storage systems, released in 2023, range from 1 MW up to 10 MW. The systems are designed for larger, commercial-scale, and industrial applications and will be suitable for both in-front and behind-the-meter applications.&nbsp;The company’s batteries are automated and optimized by its cloud-based energy management software. It allows the system to be charged and discharged to complement the site’s operations and responds to multiple parameters on or off-site according to a pre-set hierarchy of priorities. Customers are provided access to the online portal to monitor the performance of the system and the system dashboard visualizes the data.The company operates from its headquarters in Newcastle, UK, and has also established a technical center in Norwich which undertakes design, development, prototyping, integration, and testing.Key customers and partnerships&nbsp;Connected Energy has partnered with companies such as Renault Group, Volvo, Caterpillar, and Jaguar Land Rover. In October 2022, the company installed two energy storage systems at the University of Sheffield’s AMRC Northwest in Lancashire. During the same month, Mobilize Power Solutions to provide battery storage at EV charging sites in the UK.&nbsp;In May 2023, Connected partnered with North Tyneside Council to provide energy storage to store energy generated from solar PV arrays. In September 2023, the company signed a Letter of Intent with Volvo Energy to jointly develop a battery energy storage system (BESS) with batteries recovered from Volvo electric buses, trucks, and machines. In March 2024, the company once again partnered with Volvo Energy to install BESS’ at two UK Volvo Truck &amp; Bus dealer sites.Funding and financials&nbsp;Connected Energy’s latest funding round was in <a href="https://www.energy-storage.news/caterpillar-vc-arm-volvo-group-invest-in-uk-company-specialising-in-stationary-storage-with-second-life-ev-batteries/">June 2022</a>, when the company raised GBP 15 million (~USD 18.4 million) from five new investors to scale up its second life-based battery energy storage system solution.

INERATEC is a German company specializing in alternative fuels and e-chemicals. The company provides modular chemical plants for power-to-liquid, power-to-gas, and gas-to-liquid applications. It also converts hydrogen from renewable energy and CO2 into sustainable fuels (such as e-kerosene, CO2-neutral gasoline, clean diesel, or SNG) and chemical feedstock like waxes and methanol.INERATEC has already established industrial-scale power-to-liquid plants in Germany to increase the availability of sustainable fuel and chemicals for various industries, such as transportation and aviation. The groundbreaking for its pioneering plant was held in April 2023 in the industrial park Frankfurt Höchst, with the plant expected to produce up to 2,500 tons of sustainable e-fuels annually from 2024.Key customers and partnershipsINERATEC has followed a collaboration strategy for the research, development, and production of its solutions. In March 2022, the company partnered with Synhelion to leverage its technology to develop a solar solution to replace fossil fuels. In May 2022, Ineratec launched the “Care-O-Sene” project in collaboration with the South African Government, focussing on decarbonization projects aimed at the aviation industry. Further, it also entered into a partnership with Clariant to accelerate developments in sustainable fuel production and signed an MoU with Japanese company Chiyoda to establish power-to-liquid projects in Japan and Asia-Pacific. In April 2023, INERATEC announced a collaboration agreement with Ferrostaal Chile to jointly develop e-fuel projects in Chile.Funding and financialsINERATEC raised a total of EUR 20 million (~USD 22 million) in funding, as of April 2023, with its latest funding coming in January 2023 from an undisclosed investment led by Honda Motor Co. with participation from Engie New Ventures, MPC, Safran Corporate Ventures, FO Holding, Planet A Ventures, and HTGF. The new investment was to be used to support further growth and development of its technologies.

Reinforcing recycling, rerouting refuse, and reducing wasteflows

Waste Recovery & Management Tech

WASE is a London-based provider of on-site, modular waste-to-energy solutions using its proprietary Electro-Methanogenic Reactor (EMR) technology to convert organic waste and wastewater into valuable resources such as biogas, clean water and digestate, a byproduct for soil nutrition. The clean water produced by EMR technology can be used for irrigation, reducing the need for potable water in agriculture. Its biogas can be used to generate electricity and heat or fuel vehicles, reducing the need for fossil fuels and helping to reduce greenhouse gas emissions. The company claims that its solutions reduce chemical oxygen demand (COD; the amount of oxygen required for oxidation in water) by more than 95% while generating biogas. The company also claims its onsite organic waste treatment solution is 68% smaller in size, 10x faster, and generates 20% more energy than traditional alternatives.&nbsp;As of July 2023, WASE operates three biocenter systems: 1) IndustriWASE for waste-to-energy solutions in the food and beverage sector; 2) AgriWASE for energy and resource recovery in agriculture; and 3) SaniWASE for the safe treatment of municipal waste in underserved communities. In March 2022, WASE announced its plans to install over 1,000 IndustriWASE systems in the next five years, generating over 500 gigawatt hours of renewable energy and saving over 140,000 tons of carbon.Key customers and partnershipsWASE partnered with Hitachi in August 2022 to explore business opportunities in Japan and Southeast Asia for its IndustriWASE electro-methanogenic reactors. The two companies began developing business prospects with a particular focus on the international F&amp;B industry, including economic and technical feasibility analysis, conducting pilot-scale testing, and ultimately developing a business strategy for commercialization in Japan. As of June 2023, the two companies have completed a pilot project at Hepworth Brewery, a brewery in the UK, and are evaluating additional aspects of their technology for further refinement and development.Funding and financialsIn March 2022, the company raised GBP 700,000 (~USD 911,781) in seed funding from Elbow Beach Capital, Science Angel Syndicate, and the European Union's Climate-KIC investment support program to install a commercial industrial biocenter system at Hepworth Brewery, advance WASE's sales pipeline, increase R&amp;D spending, and support hiring. In February 2023, the company received an undisclosed grant from the Department for Energy Security &amp; Net Zero's Energy Entrepreneurs Fund to further develop its EMR technology and test its agriWASE system.

Hydrogen Economy

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 C-Zero has developed a proprietary technology called methane pyrolysis that converts natural gas into hydrogen and solid carbon (also known as turquoise hydrogen). The hydrogen generated is used for low-cost energy generation while carbon is permanently sequestered. As per the company, its technology avoids gray hydrogen&rsquo;s emissions and blue hydrogen&rsquo;s technical and cost challenges in capturing emissions as a gas. C-Zero believes that it can offer hydrogen at around USD 1.5 per kilogram (kg) compared to USD 4 per kg and up for green hydrogen obtained via electrolysis.
 
 
 Key customers and partnerships
 
 
 In February 2023, C-Zero agreed to an MoU with Drax, a renewable power generator in the UK and operator of Europe&rsquo;s largest decarbonization project. The MoU relates to the sale of carbon dioxide removals (CDRs) from Drax&rsquo;s first bioenergy with carbon capture and storage (BECCS) facility in the US, where C-Zero will acquire 2,000 tonnes of CDRs for USD 300 per tonne.
 
 
 Funding and financials
 
 
 The company&rsquo;s 
 <a href="https://sp-edge.com/updates/11148">
 most recent funding
 </a>
 round was in June 2022, when it raised USD 34 million in a funding round led by SK Gas. The funds were assigned to build C-Zero&rsquo;s first pilot plant, which will be capable of producing up to 400kg of hydrogen per day from natural gas with zero CO2 emissions, and is expected to be commissioned by Q1 2024. In February 2021, C-Zero raised USD 11.5 million in a Series A funding round led by Breakthrough Energy Ventures and Eni Next, to commercialize its technology.
 
 
 
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Technologies that automate and optimize building operations using data-driven insights.

Smart Building Technology

Redaptive is a leading Energy-as-a-Service (EaaS) provider that funds and installs energy-saving and energy-generating equipment across commercial and industrial facilities. Its programs help organizations reduce energy waste, optimize costs, lower carbon emissions, and achieve sustainability goals throughout their real estate portfolios. Redaptive overcomes the capital and resource barriers organizations face by financing and implementing the necessary upgrades, such as HVAC replacements, LED lighting installations, solar arrays, and EV charging stations. The company leverages proprietary metering technology to provide real-time data on energy consumption and savings.
Redaptive's business model involves charging customers a rate lower than their utility bills based on the kilowatt-hours saved through the implemented energy efficiency measures. This approach eliminates the need for upfront capital investments from clients. The company identifies and implements cost-saving opportunities across clients' operations, enabling long-term carbon and financial savings.
In August 2023, Redaptive secured a USD 125 million financing from Deutsche Bank to accelerate the deployment of its EaaS solutions. The following month, the company launched Redaptive ONE, a digital platform that tracks and analyzes building energy use data, providing actionable insights to facility managers and sustainability professionals.
Redaptive has partnered with notable companies like Cintas, undertaking multi-year projects to help them achieve net-zero emissions goals. The company manages approximately 3,000 sites spanning 200 million square feet across 47 states as of 2024. Its client base includes Fortune 5000 companies across various industries.
In December 2022, Redaptive received an investment of approximately USD 200 million from the Canada Pension Plan Investment Board. The company has raised around USD 440 million in funding to date.

Deriving insights from uncommon data streams

Alternative Data

StreetLight Data is a private company that provides software licenses to cities, companies, and organizations, allowing them to access anonymized data on how, when, and where people travel within specific geographic areas. The company's technology utilizes location services data voluntarily provided by individuals through their smartphones and GPS devices to generate detailed insights into transportation patterns.
StreetLight Data's offerings enable clients to gain a comprehensive understanding of mobility trends, including pedestrian, cycling, and public transit usage. This data-driven approach aims to assist urban planners, transportation agencies, and businesses in making informed decisions about infrastructure investments, project planning, and operational strategies.
The company's software can overlay demographic data from census information onto its mobility maps, providing valuable insights into how transportation networks serve different segments of the population based on factors such as race, income levels, and education. This capability allows clients to identify areas where transportation services may be lacking for vulnerable communities and take steps to address these disparities.
StreetLight Data's technology has been employed in various projects, including determining optimal locations for electric vehicle charging stations in California and developing parking plans for major events like the Pro Football Hall of Fame in Canton, Ohio. The company claims that its data-driven approach offers a more accurate and cost-effective alternative to traditional traffic studies and surveys, which often provide an incomplete picture of travel patterns.

Using real-time data to create dynamic virtual representations of the real world

Digital Twin

Samp, a company based in France, develops digital twins for industrial sites. Its software integrates technical data into intelligent 3D models of plants, enabling the identification of inconsistencies and enhancement of technical performance. The platform enables facility transformations at an accelerated pace by streamlining the preparation, execution, and documentation of modifications on-site from months to days.The technology works across several functions, such as procurement management, lock-out tag-out, work orders preparation, claims resolution, commissioning and startup, inspection and walk-downs, training and authorization, P and ID revalidation, and access to legacy IT/OT.Key customers and partnershipsSamp entered into a partnership with My Digital Buildings to fast-track industrial digital twins. It has also partnered with Trapil, ENGIE New Ventures, and Suez to accelerate the implementation of digital twins for industrial sites.The company serves customers from the water and utilities, power and energy, commercial and industrial gases, marine and offshore, pulp and paper, agro and nutrition, batteries and semi, and mining, metal, and minerals industries.Samp’s enterprise customers include Survey, Storengy, and Terega.

Taking commercial activities to new heights

Commercial Drone Tech

Raptor Maps is a software platform specializing in the inspection and management of large-scale solar assets. The company offers a comprehensive solution called Raptor Solar, which provides advanced analytics, insights, and productivity tools for the entire solar lifecycle, from financing and development to operations and maintenance.Raptor Solar creates digital twins of solar sites, incorporating aerial thermal inspections, data standardization, serial number mapping, warranty claim features, equipment records, and mobile tools. This powerful platform enables users to standardize and analyze data across installations, optimize PV assets, reduce risks, and ultimately enhance financial returns.Raptor Maps' technology relies on machine learning and an industry-leading data model built from over 50 GW of solar power data across 40 countries. According to the company's 2022 Global Solar Inspection Report, 2.6% of solar power is affected by anomalies. The Raptor Solar platform addresses these issues by providing detailed insights and tools to monitor, maintain, and optimize solar assets.Through its software, Raptor Maps offers valuable features such as benchmarking portfolio performance against industry averages, quantifying financial losses due to anomalies, and streamlining warranty claims processes. The company's customers include prominent players in the solar industry, such as Tesla, SOLV Energy, Rosendin Electric, Cypress Creek Renewables, and McCarthy.Key customers and partnershipsIn May 2022, Cypress Creek Renewables, a leading solar energy company with a 3.9 GW portfolio across 19 states, integrated Raptor Solar into its portfolio analytics. This partnership allows Cypress Creek to digitize its solar assets, make data-informed decisions, and optimize performance and returns through Raptor Solar's productivity tools and insights.Raptor Maps has also collaborated with GreenPowerMonitor, a monitoring provider, to better monitor solar assets. This combined software platform localizes inverter, combiner, and pyranometer data to the correct geospatial position on a solar farm, enabling asset owners and operators to assess the impact of physical module conditions on power production.

Optimizing the future of energy with software solutions

Energy Optimization & Management Software

Raptor Maps is a leading provider of solar lifecycle management software, offering advanced analytics and insights for the entire solar industry. The company's flagship product, Raptor Solar, is a software-as-a-service platform that enables utility-scale and commercial and industrial solar companies to standardize and analyze data, collaborate, optimize PV assets, reduce risk, and ultimately improve financial returns. The platform features state-of-the-art digital twins of solar assets, allowing users to scan module serial numbers for streamlined warranty claims and supply chain verification. Raptor Solar also provides inspection analytics, productivity tools, and the ability to quantify financial losses and benchmark portfolios.
Founded by MIT engineers, Raptor Maps has developed a sophisticated data model created from over 80 GW of solar power across dozens of countries. The company's 2023 Global Solar Report revealed a significant increase in power loss due to anomalies in solar assets, rising from 1.61% in 2019 to 3.13% in 2022. This underscores the importance of Raptor Maps' solutions in monitoring equipment performance, identifying maintenance issues, and streamlining warranty claim processes. The company's software has been shown to reduce manufacturer review time for warranty claims by up to 90%. Raptor Maps' artificial intelligence-enabled software analyzes thermal and color imagery from aerial solar site inspections, detecting, classifying, and localizing anomalies to help solar companies reduce costs and increase energy production.

ClimeFi is the leader specialising in permanent carbon removals (CDRs), partnering with companies to build portfolio of certified CDR assets. We partner with organisations on their net zero journey to help them turn climate commitments into permanent carbon removal.

Carbon Blue is developing an 'ocean-capture' scalable method for removing CO2 from the atmosphere. The company was founded by Iddo Tsur and Dan Deviri.

CryoCollect is an engineering company that specializes in the design and engineering of gas treatment, liquefaction, and separation technologies.

Ndustrial offers analytical engines that help businesses control production, improve energy efficiency, and eliminate waste. They help organizations, primarily mid-tier manufacturers, become more competitive through energy efficiency, waste elimination, and other fiscally responsible, environmentally intelligent solutions. With a proprietary industrial operating system, the company integrates legacy data, streamlines deployments of new Industrial iot assets, and hosts model predictive control algorithms. It also deploys real-time cloud-based applications for factories and industrial facilities around the world.

WASE provides a decentralized sanitation system with the goal of accelerating the global adoption of circular waste treatment. The company was founded in 2017 and is headquartered in London.

INERATEC offers a wide range of solutions, from pilot applications to chemical plants. They make sustainable, CO2-neutral, and cost-effective e-fuels and e-products available to all. They provide reactors suitable for fluctuating renewable energy applications.

TreaTech is a Swiss Cleantech company founded in 2015 by EPFL engineers.  We are developing a ground-breaking treatment technology that will enable an eco-friendly treatment of the ever-increasing quantities of wastewater while recycling its valuable by-products and most notably, clean water. Our catalytic hydrothermal gasification (HTG) system has been developed for the disposal of different types of liquid wastes (such as sewage sludge) that are usually incinerated or landfilled and instead, turns them into by-products such as biogas, clean water, and mineral salts that can further be upgraded into phosphorus products (e.g. fertilizers).

Samp develops software that consolidates technical information into Digital Twins for all stakeholders. The software automates the creation and updating of intelligent 3D model of a plant, starting from the only reliable source of information: the field. Its offering is composed of 2 products, Digital Twin as a Service and As-Built automatic verification. The Digital Twin as a Service offering uses machine learning to collate 3D laser scans and technical data from various sources to deliver a fully accurate 3D “Digital Twin”. The intelligent model is then turned into a web portal serving as a one-stop-shop for all players. While the As-Built automatic verification service utilizes advanced geometrical and topological algorithms, which the company's solution automatically compares the laser scans with 3D CAD models, highlighting all differences that require attention. Laurent Bourgouin and Shivani Shah established Samp in Paris, Ile-de-France, France in 2019.

H2SITE produces onsite and renewable H2 for small and medium companies.

C-Zero is a hard-tech startup located in Santa Barbara, CA, that is developing a technology for decarbonizing natural gas. The company’s technology uses high temperatures to break down methane, (the primary molecule in natural gas) into hydrogen and solid carbon. C-Zero’s hydrogen can be used to decarbonize a wide range of industries including ammonia production, electric generation, process heat, and fuel cell vehicles, and has the potential to address 75% of global CO2 emissions.

Raptor Maps is the leading provider of lifecycle management software for the solar industry. We support portfolio owners, asset managers, O&M providers, EPC contractors, and independent engineers with software solutions that enable organization and asset efficiency. Raptor Maps enable solar companies to increase performance, reduce costs, and standardize & compare solar PV assets across a portfolio.

UnaBiz specializes in product design, manufacturing, and connectivity solutions for the Internet of Things (IoT). The company offers a hybrid of low-power wide-area technologies to support applications in smart metering, asset management, and supply chain monitoring. With a focus on cost efficiency and sustainability, It aims to empower businesses to leverage IoT for operational growth.

Energyworx is a software company. It designs and develops software solutions. The Company offers a SaaS-based platform for energy data management and intelligence cloud service disrupting the global energy and utilities market. They help uncover the hidden the value of data by correlating and analyzing the data with a diversity of other data sources. This helps its users to balance and optimize the grid; and reduce losses during transmission and distribution. The company enables organizations to make business decisions with real time data insights. They fuel best of breed products and services in the energy industry. The platform offers other services such as meter data management, social energy app, energy balancing for smart grids, and data hub. Energyworx was founded by Edwin Poot in 2012 and is headquartered in Houten, Utrecht.

Connected Energy was established to commercialise the research and development work undertaken by their award-winning parent company Future Transport Systems (FTS). Connected Energy has developed its E-STOR stationary energy storage technology that that utilises 2nd life electric vehicle batteries.  The E-STOR technology is unique in that it can utilise any EV OEM battery pack communicating with it via the OEM's proprietary CAN protocol.  Connected Energy currently utilises batteries supplied by Renault, Nissan, Jaguar Land Rover and others.  It has systems operating in the UK, Belgium, Germany and the Netherlands ranging from 60kW to 1.2MW and will be installing systems of 10MW+ in 2021.

Redaptive is an Energy-as-a-Service provider that funds and installs energy-saving and energy-generating equipment. Redaptive’s programs help many of the world’s most sophisticated organizations reduce energy waste, save money, lower their carbon emissions, and meet their sustainability goals across their entire real estate portfolios. With Redaptive, customers can overcome capital and contractual barriers to achieve energy-saving benefits quickly, all with real-time data powered by Redaptive’s proprietary Data-as-a-Service metering platform.

Lancey’s project comes from Raphaël Meyer’s idea of combining a battery with an electric radiator to democratize batteries in France in order to foster the energy transition. Raphaël presented this idea for the first time in 2014 and soon met Gilles Moreau, a battery specialist leading an R&D project in this field. In 2015, they joined forces with Hervé Ory, a serial entrepreneur who had already created several successful companies. After applying for the first patents of the company, they create Lancey Energy Storage in 2016. Raphaël Meyer, PhD in thermal physics, becomes its CEO. With his extensive background in research, Gilles Moreau takes the role of CTO while Hervé Ory manages the financial and administrative issues as CFO.

StreetLight Data brings mobility patterns to light for planners, modelers, and engineers by giving them on-demand access to the Big Data resources and processing software for transportation. Their online platform, StreetLight InSight lets its users turn anonymous location data from millions of mobile devices into customized, actionable analytics. It was founded in 2012 and is headquartered in San Francisco, California.

SERVIZ offers a web and mobile application that enables its users to find and book home service providers according to their location. It was founded in 2014 and is headquartered in Sherman Oaks, California.

ENGIE New Ventures (ENV) was founded in 2014 as the corporate venture arm of the global energy provider ENGIE. Its €180 million funds are dedicated to making a minority investment in technology startups that complement existing activities and resources to spur internal innovation within ENGIE. With offices in Paris, San Francisco, and Tel Aviv, ENGIE New Ventures’ strategic fund-to-fund portfolio is one element of ENGIE’s multi-pronged strategies to re-envision existing business models and spark new opportunities in the rapidly changing energy sector. To date, ENV has deployed over EUR110M of capital across 23 investments worldwide, with an emphasis on Europe, North America, Israel, and Asia.

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