News & Events
ENOCEAN ANNOUNCES PLANS TO BRING COMPANY TO THE PUBLIC MARKETS
EnOcean, the pioneer of energy harvesting Internet-of-Things (“IoT”) devices and sensor-to-cloud solutions, and Parabellum Acquisition Corp. (NYSE:PRBM), a publicly traded special purpose acquisition company (“Parabellum”), announced today that they have entered into a definitive business combination agreement that will result in EnOcean becoming a publicly listed company subject to the closing.
ENPHASE ENERGY TO ACQUIRE GREENCOM NETWORKS TO EXPAND ENPHASE’S HOME ENERGY MANAGEMENT CAPABILITIES
FREMONT, Calif., Aug. 29, 2022 — Enphase Energy, Inc. (NASDAQ: ENPH), a global energy technology company and the world’s leading supplier of microinverter-based solar and battery systems, today announced that it has agreed to acquire GreenCom Networks AG.
SET VENTURES PROMOTES LEONIE MEKEL TO DIRECTOR
Amsterdam, 2 August, 2022 – SET Ventures, the Amsterdam-based venture capital firm focused on digital technologies for a carbon-free energy system, announced that Leonie Mekel has been promoted to Director of Finance & Operations. Leonie (38) is responsible for all financial and operational processes at SET and is involved in fundraising and policy outreach. SET is regulated as an alternative asset manager by the Dutch Authority for Financial Markets (AFM). As compliance officer, she ensures adherence to relevant regulatory, tax, and legal obligations and reporting requirements. She is dedicated to contributing to SET’s ambition to create a sustainable and carbon-free energy system. Since joining SET in 2016, Leonie has developed into a seasoned finance and operations expert. Previously, she worked at PwC as a tax advisor, with a specialization in financial markets. With a background in legal and tax and over 10 years of experience in the financial sector she […]
GENERAL FUSION RECEIVES TWO FUNDING AWARDS FROM THE U.S. DEPARTMENT OF ENERGY
21 July 2022: The U.S. Department of Energy has selected General Fusion for two new funding awards through the Office of Fusion Energy Science’s Innovation Network for Fusion Energy (INFUSE) program. The awards will advance Magnetized Target Fusion technology for use in commercial fusion power plants through collaboration with the Savannah River National Laboratory and Oak Ridge National Laboratory. “General Fusion is pleased to continue its collaboration with the U.S. Department of Energy to accelerate our technology development with the complementary advanced capabilities of the U.S. national labs,” said Greg Twinney, CEO, General Fusion. “Through programs such as INFUSE, we are deepening our ties with the Department of Energy to support the goals set out in the White House’s decadal vision for commercial fusion energy and our goal to commercialize our practical approach to fusion energy by the early 2030s.” Modelling tritiumGeneral Fusion and Savannah River National Laboratory (SRNL), a leading […]
ETPA RAISES €5M BY SET VENTURES AND ABN AMRO
Amsterdam – 12 July – Energy Trading Platform Amsterdam B.V. (ETPA) announced that it has been awarded a license to operate as a pan-European intraday energy exchange. By making energy trading faster and cheaper, ETPA’s intraday trading platform contributes to a flexible energy system that can absorb more energy from renewable sources. With the license, the company can expand its reach and offer services to energy traders across Europe. To support its international growth ambitions, ETPA raised EUR 5 million in growth financing from energy transition expert SET Ventures and sustainable finance leader ABN AMRO Sustainable Impact Fund. NEMO license to enter the European intraday market ETPA provides a short-term trading platform to optimise participants’ electricity production and consumption portfolio and manage congestion in The Netherlands through its connection to GOPACS. ETPA received Nominated Electricity Market Operator (NEMO) status, providing a mandate to run the integrated intraday electricity market across Europe. In line […]
€6.1M FOR FLEXIDAO BY SET, GOOGLE AND MICROSOFT
Barcelona/Amsterdam – 7 July 2022 – FlexiDAO, a leading software provider for 24/7 electricity and carbon tracking, has announced a Series A investment round led by SET Ventures, with investment from Google and the Microsoft Climate Innovation Fund, and existing investor EIT InnoEnergy. FlexiDAO enables companies and governments to operate on round-the-clock carbon-free energy, by certifying and tracing their electricity and its true carbon content, every hour of every day. The investment will drive rapid scaling of the company’s first-of-its-kind software platform worldwide, focused on the US and Europe. Google and Microsoft are not only investing, but are also customers of FlexiDAO, already using the technology to support their targets of 100% 24/7 carbon-free electricity by 2030. More than one-third1 of the world’s largest publicly traded companies now have net zero targets, and there is increasing pressure on companies for transparent reporting of their emissions to drive decarbonisation. For example, the US […]
TRUNKRS RAISES €15M FROM KORYS, VP CAPITAL AND SET
Nieuwegein/Halle, 9 June 2022 – Trunkrs, specialist in Same Day & Next Day delivery for the e-commerce sector, has successfully raised EUR 15 million in a Series B funding round. This funding round was led by Korys, the Belgian investment company of the Colruyt family. Aside from Korys, the other participants were VP Capital, the Family office of the Van Puijenbroek family and the Amsterdam-based SET Ventures, that has invested in Trunkrs previously. IMPROVED Corporate Finance advised and supported Trunkrs in raising the financing. Trunkrs is a leading parcel delivery partner to premium e-commerce parties in the Netherlands. Many webshops, Mediamarkt’s webshop among others, entrust Trunkrs with the fast and reliable delivery of their parcels. The company expanded its activities to Flanders in 2021. The capital raised will enable Trunkrs to maintain and improve its position as market leader in the Benelux. The company will also use the investment to […]
JULIA PADBERG IS PROMOTED TO PARTNER AT SET VENTURES
SET Ventures, the Amsterdam-based venture capital firm focused on digital technology for a carbon-free energy system, announced that Julia Padberg has been promoted to Partner. Julia (35) is returning from maternity leave this month in this new position. She has been with SET for 6 years, spearheading SET investments across Europe in domains such as energy system digitalisation and electrification of mobility. Julia serves as a Non-Executive Director at portfolio companies Flexidao, Trunkrs, and Sensorfact, and as an observer on the board of depsys. She was also an observer at Energyworx, Greencom Networks, and Greenflux (sold to DKV Mobility). Before joining SET, Julia was active in M&A and investment advisory in the cleantech and energy sector, amongst others at merchant bank Kempen & Co. “Julia has been instrumental in strengthening SET’s European network and reputation, as well as expanding the investment portfolio. Her expertise in key sectors of the energy […]
HYDROGRID RAISES INVESTMENT FROM SET AND CNB CAPITAL
As power prices surge across Europe, HYDROGRID, a leading Austrian tech company providing software for optimal real-time planning & dispatch of hydropower plants, has completed an investment round led by SET Ventures with the participation from existing investor CNB Capital. The recent surges in power market prices across Europe once again drive the need for intelligent, renewable power generation and storage to lessen the dependency on fossil fuels. With an installed capacity of 1,330 GW and an annual generation of 4,370 TWh globally, hydropower is the largest source of renewable energy there is, accounting for more than 60% of all renewable generation. Moreover, a unique feature of hydropower (pump) storage plants is that they have the capacity to store and release energy as required by the grid, and in this way can act as a ‘Green Battery’, significantly dampening the reliance on fossil fuel generation. By allowing long-term storage of […]
