European Smart Energy
Venture Capital
Sustainability Electrification Digitalisation
Consumers and businesses are increasingly aware and focused on reducing in their environmental impact with a move to sustainability Moving away from fossil fuels towards renewable forms of energy will result in the mass electrification of many sectors Changes to our current energy system are enabled by digital technologies and fuelled by new business models
Smart Energy System Solutions
Our Investment Priority is on Smart Energy System Solutions: business cases involving intelligent software and/or services, combined with hardware components, impacting the future energy system We classify these investment opportunities as Smart Energy System Solutions This integration between Generation, Use, Storage and Transmission is being facilitated by the digitalisation of the energy industry
The energy system is transitioning from a traditional system consisting of
- a series of large controllable power plants
- simple (dumb) energy users
- an over engineered distribution network
To a hybrid energy system with
- millions of smaller generators
- flexible, controllable energy use
- a constrained energy network
Sustainability Digitalisation Electrification
The increased digitalisation and electrification in many sectors is creating opportunities for those not previously perceived as active participants in the energy system These changes create new business models and investment opportunities in:
- Transport and Mobility
- Built environment
- Industrial energy management
- Distributed energy
- Prosumerisim – community movements
- Artificial intelligence and machine learning
Existing utilities and disruptors from other sectors looking for innovative offerings create great investment and exit possibilities
Sustainable Development Goals
The drive towards sustainability has been embraced worldwide, with the UN setting the global agenda with their Sustainable Development Goals (SDG)
SET and the SDG
SET Ventures, with its focus on the global energy system transition, by its nature drives towards impacting the SDG goals 7 and 9 – creating a new energy system allowing renewable energy integration and energy efficiency plus enabling a flexible resilient energy infrastructure through innovation and sustainable industrialisation
Impact
Next to financial performance targets we define impact targets for each of our investments. This way we signal that financial return and environmental impact are equally important and both measurable. At SET Ventures we engage in this matter because we believe in the need to change the way we create value for the generations to come.
Tonnes of CO2 Avioded
MWh of Green Energy Delivered
Green Jobs Created
At SET Ventures we ultimately invest in People “We support founders and CEOs who can create the energy companies of tomorrow”
Marcel Smit CEO Energyworx
The SET Ventures team makes a big difference for us in multiple ways.They really understand the industry and share contacts and relevant insight. They're very pro-active. No matter how busy they are, they'll always make time to meet when we have topics to discuss. For us, SET is more than 'just a VC'; they're a real partner.
Christoph Ostermann CEO Sonnen
SET Ventures was a highly supportive and value adding partner for sonnen’s growth. Especially their always constructive attitude in both criticism and advise was much appreciated.
Michael De Vivo CEO Depsys
I am very proud that SET Ventures has joined the DEPsys family. What a scale-up company needs from its investors is passion, growth culture and human support. SET Ventures is one of those rare investors who brings a strong expertise while placing the team at the centre of their project.
Our Portfolio Companies are Changing the Energy System
We invest in teams that see how to improve the energy system. Our portfolio is full of visionaries and pioneers.
Meet Our Team
We’re here to help LPs gain market access and insight into the energy system transition. Get to know us.
News
Luxexcel and IFB Solutions Give Out Free Glasses to Kids
WINSTON-SALEM, N.C. -- Two companies, IFB Solutions and Luxexcel, celebrated one year of their partnership by giving out glasses to Winston-Salem and Forsyth County children. IFB Solutions, based out of Winston-Salem, is the largest employer of the blind or visually...
read moreSET Ventures’ portfolio company LimeJump acquired by Shell
Shell* has agreed to acquire Limejump Ltd, a UK based energy technology company which is part of the portfolio of SET Fund II. With this deal Limejump’s technology and management team will enable both companies to continue to take steps to support the UK energy...
read moreGreenFlux is proud to provide the most innovative charging infrastructure for the Dutch government
Biggest tender in the world for EV charging points on private property for the Dutch government GreenFlux is proud to provide the most innovative charging infrastructure for the Dutch government together with Unica. The order is one of the world’s largest contracts...
read moreLuxexcel advances 3D printing technology for ophthalmic lenses
Eindhoven (the Netherlands), February 19th, 2019 - Luxexcel, the pioneer in 3D printed ophthalmic lenses, announces that its proprietary 3D printing technology has advanced from the pilot phase to printing commercial lenses. Over the past 12 months, 5000 lenses have...
read moreSET Ventures joins fundraising in portfolio company GreenCom Networks with Centrica Innovations
GreenCom Networks provides end-to-end solutions for distributed energy resources management (DERM), enabling energy retailers and energy device OEMs to offer innovative digital energy services to their residential customers. Amsterdam, 19 February 2019 – GreenCom...
read moreSET Ventures exits its participation in sonnen
Shell agrees to acquire sonnen, expanding its offering of residential smart energy storage and energy services Amsterdam, 15 February 2019 Shell* has agreed to acquire 100% of sonnen, a leader in smart energy storage systems and innovative energy services for...
read moreSET Ventures invests alongside BNP Paribas in smart grid market-leader DEPsys
Technology for the automation of power grids – GridEye makes energy system transformation easy for grid operators Amsterdam, 12 February 2019 – The Swiss technology company DEPsys received EUR 12 million as part of a Series B investment. New investors are SET...
read moreShell zoekt in stilte naar een groene toekomst
Hoe moet Shell nog geld verdienen als de rol van fossiele brandstoffen steeds kleiner wordt? Het bedrijf sorteert erop voor met investeringen in groene start-ups. De bouw van een groot windpark in de Noordzee, een bod op Eneco en de overname van laadpalenbedrijf...
read moreGreenCom Networks: consumers in control
Dr. Christian Feisst is a visionary who thinks that to stop innovation to save money is like stopping the clock to save time. Some years ago, Feisst observed market trends and realised two things: Firstly, people want to be in control; second, digital media offers...
read moreSET Ventures announces new €75 million fund focussed on the Energy System Transition and appoints new partner
Investing in European technology companies that enable a sustainable, electrified and digital energy system Amsterdam, the Netherlands, January 17, 2019 – SET Ventures, the energy transition venture capital firm, announces the first close for SET Fund III. The...
read moreEQT en SET Ventures winnaars van NVP ESG Awards 2018
De Nederlandse Vereniging van Participatiemaatschappijen (NVP) reikt voor een tweede keer ESG Awards uit. Dit jaar één voor de categorie ‘Private Equity’ en één voor de categorie ‘Mid-Market Private Equity & Venture Capital’. De ESG Awards gaan naar de...
read moresonnen and Pearl Homes Partner to Develop the First Affordable, Carbon-Free Home Community
Pearl Homes and sonnen create a community of solar + storage smart homes using Google Home, showcasing the future for affordable carbon-free living via energy storage, home automation and homebuilding LOS ANGELES and SARASOTA, Fla., Nov. 8, 2018 /PRNewswire/ --...
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