IBERDROLA VENTURES - PERSEO
Disruptive innovation in sustainable energy
Iberdrola Ventures - PERSEO is the corporate venture capital program (CVC) of Iberdrola with 70 M€ available to invest in disruptive technologies and businesses that will help shape the future of energy. Since its creation in 2008, more than 50 M€ have already been invested in start-up companies facing the challenges of electrification worldwide.
Through this program, Iberdrola offers entrepreneurs, especially in the UK, the US and Spain, its investor support, its expertise, its base of 32 million customers and more than 45GW of installed capacity. Additionally, it contributes to develop an innovative and dynamic business network in the energy sector.
Our company has invested in Innowatts, a startup that designs digital and innovative solutions for the energy sector. The operation was executed through our corporate venture capital fund, Perseo, which has participated in the $6 million financing round (approximately €5.1 million), launched by Innowatts. Innowatts, with its headquarters in Houston, started its commercial operations in 2014 and it has now secured the necessary capital to expand the scope of its analysis platform, as well as to market and expand the capacity of its digital solution e-Utility. The startup's platform can be used to analyse the data of over 12 million consumers of the regulated and free market, providing information that allows energy providers and consumers to optimise costs and to develop personalised products and services.
Perseo mainly focuses its activity on the following areas:
ENERGY EFFICIENCY, DEMAND MANAGEMENT, DIGITAL SOLUTIONS, ETC.
INNOVATIVE GENERATION AND DISTRIBUTED STORAGE SOLUTIONS
TECHNOLOGIES RELATED TO RENEWABLE ENERGY GENERATION (SOLAR, WIND POWER, OFFSHORE)
ROBOTIC, SENSORS, SOFTWARE, DRONES, ETC.
Through PERSEO, Iberdrola looks for innovative projects in the energy area. Projects of this kind can be sent to the mailbox firstname.lastname@example.org