Corporate venture arm of global energy leader ENGIE recognized for its strategic investments in clean technology companies.
ENGIE, with its entity ENGIE New Ventures, is honored to receive the 2018 Cleantech Group (CTG) “Corporate Investor of the Year” award. The recognition was given to the corporate venture capital arm of ENGIE for having invested in the highest percentage of cleantech companies selected for the 2018 Global Cleantech 100. ENGIE New Venture portfolio companies that made the list for 2018 include, Advanced Microgrid Solutions, Airware, Gogoro, Heliatek, Opus One Solutions, Sigfox.
“We are honored to be recognized with such a distinction for our corporate investing activities from the Cleantech Group,” said Grzegorz Gorski, Managing Director of ENGIE New Ventures and member of the ENGIE Operational Management Committee. “ENGIE, along with our portfolio companies, are focused on leading the industry transition to an energy future that is decarbonized, decentralized and digitized.”
ENGIE New Ventures employs a responsive corporate venture approach with startups in advance of and after placing an investment that distinguishes it from typical corporate venture capital. ENGIE connects the intricate fit of the startup’s innovation with the broader market landscape to create a “blueprint” collaboration plan over a 12 to 36 month time horizon. ENGIE’s €165 million fund invests in cleantech energy and service companies poised to scale their innovative technologies and business models.
“At ENGIE New Ventures, we take pride in being an active and dedicated corporate venture capital fund. We focus on creating relationships between our portfolio companies and ENGIE business units to create the right mix of ingredients for greater likelihood in achieving success,” said Hendrik Van Asbroeck, Managing Director of ENGIE New Ventures. “Through this strategic support, our companies enjoy opportunities to scale their solutions to penetrate deeper to into existing markets, or branch out into new ones. For this reason, many financial investors in the cleantech space value Engie New Ventures as a co-investor.”
The Global Cleantech 100 represents the most innovative and promising ideas impacting the future of a wide range of industries, according to players in the market. The Corporate Venture Award is given to the investment team with the highest percentage of their qualifying cleantech portfolio companies on the list (with a minimum of three on the list and a minimum of 8 qualifying portfolio companies overall). The same investor cannot receive the award in consecutive years.
The Global Cleantech 100 list is collated by combining proprietary CTG research data, with weighted qualitative judgments of hundreds of nominations, and specific inputs from a global 86-person Expert Panel. This year, a record number of nominations were received: 12,300 distinct companies from 61 countries. Short-listed nominees were reviewed by CTG’s Expert Panel, resulting in a finalized list of 100 companies from 18 countries.
About ENGIE New Ventures
ENGIE New Ventures (ENV) was founded in 2014 as the corporate venture arm of the global energy provider ENGIE. It’s €165 million fund is dedicated to making minority investment in technology startups that complement existing activities and resources to spur internal innovation within ENGIE. With offices in Paris and San Francisco, ENV’s strategic fund-to-fund portfolio is one element of ENGIE’s multi-pronged strategy to reinvision existing business models and spark new opportunities in the rapidly changing energy sector. To date, ENV has deployed €65 million of capital across 16 investments worldwide, with an emphasis on Europe, North America and Asia. Company investments include Advanced Microgrid Solutions, Airware, Apix Analytics, Connected Energy, Connit, Gogoro, Heliatek, Kiwi Power, Kwh Analytics, Opus One Solutions, Powerdale, Serviz, Streetlight Data, Sigfox, Symbio, and Tendril.