OCTOPUS ENERGY GROUP’S KRAKEN ACQUIRES DEPSYS
London / Lausanne - November 30th 2022 - Kraken, part of Octopus Energy Group, today announces the acquisition of Depsys, an energy technology company based out of Lausanne, Switzerland.
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.
FREQUENZ RAISES €13M SERIES A FINANCING ROUND
BERLIN, DE., Oct. 6, 2022 — Frequenz, who provide electricity procurement powered by AI on the edge today announced that they have raised their Series A with capital from SET Ventures, 468 Capital and Alex Rittweger.
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.
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 […]
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 […]
EV PIONEER EASELINK RAISES €8.3M ROUND LED BY SET
Easelink, the Austrian high-tech pioneer in the field of automated EV charging has announced an €8.3m Series A funding round led by SET Ventures with participation of EnBW New Ventures, Smartworks, and existing investor Hermann Hauser. Easelink provides a fully automated charging experience and eliminates the need to plug in an electric vehicle by hand. Its Matrix Charging system comprises an underbody vehicle unit and a charge pad installed on the parking space. The technology is compatible with most major electric vehicle platforms and will be rolled out in a retrofit version as well as a factory-installed option for new cars. As the most cost-effective and energy-efficient solution available, this opens up automated charging not only for premium vehicles but also in the volume segment. The funds will be used to keep growing the product team, expand collaborations within the automotive and infrastructure industries and continue the path towards a […]
GENERAL FUSION ACHIEVES CRITICAL TECHNOLOGY MILESTONE
Successful performance of plasma compression prototype confirms path to commercialization 10 January 2022: General Fusion announced today it has successfully achieved several aggressive performance goals of a prototype system for its Fusion Demonstration Plant (FDP). The company’s plasma compression prototype, located at its Vancouver, Canada laboratory, is being used to demonstrate a critical element of its proprietary Magnetized Target Fusion (MTF) technology. This important milestone marks another significant step toward General Fusion’s goal of creating practical and commercially viable fusion power. Commissioned in early 2021, the prototype machine drives a forceful, but precisely shaped, symmetric collapse of a large liquid vortex cavity in tens of milliseconds. The forces involved in the full-scale FDP compression system will be immense, pushing the limits of material science, fluid dynamics, and mechanical design. Achieving this milestone with the prototype significantly reduces engineering and technical risks for General Fusion’s FDP. It will use a collapsing liquid metal […]
TRUNKRS: DELIVERY SERVICES FASTER, GREENER, FRIENDLIER
“The thing about ecommerce is that, even if you live in a small village, the internet offers everything at your fingertips. It’s awesome,” says Jan Wijn, CEO of Trunkrs, a logistics company based in Nieuwegein, the Netherlands, that is out to improve the delivery services that make that accessibility so awesome. “We had two main ideas,” Jan explains. “We wanted to be consumer-centric and we wanted to be sustainable.” From his long experience working in logistics, Jan argues that logistics companies are typically not sensitive enough to the needs of their clients and there’s a lot of customer frustration with inflexible deliveries. Instead, Trunkrs offers a service that is more customer-friendly and flexible: “We designed our IT system ourselves with the end-consumer in mind, making it as convenient as possible. We built it all in such a way that the consumer is in control. For example, you can change delivery […]
GENERAL FUSION ESTABLISHES U.S. HQ IN TENNESSEE
General Fusion creating up to 50 U.S. jobs to quicken its pace of fusion commercialization VANCOUVER, Canada (10 November 2021): Today, General Fusion announced its new United States base of operations in Oak Ridge, Tennessee, as the company advances plans for a first-of-a-kind commercial pilot plant. A global leader in fusion energy technology development, the company is rapidly expanding its collaboration with national laboratories, universities, and the U.S. government. This expansion will create up to 50 highly technical jobs to advance the company’s commercialization of fusion energy – a carbon-free power source necessary to meet the growing global energy demand while fighting climate change. General Fusion is the first private fusion company to establish an office in Tennessee. The office is strategically located near the Oak Ridge National Laboratory (ORNL) – the largest multi-purpose science and energy laboratory in the United States and home to the U.S. ITER program. Here, […]
OPTISWISS AND LUXEXCEL ANNOUNCE COOPERATION
Basel, Switzerland and Eindhoven, The Netherlands – September 8th, 2021 – Optiswiss, the leading Swiss lens manufacturer with distribution throughout Europe, has partnered with Luxexcel to bring commercial 3D printed lenses to market for use in regular eyewear and smart glasses. Under the partnership, Luxexcel will provide its breakthrough 3D printing lens technology, and Optiswiss will 3D print prescription lenses for the smart eyewear market. Optiswiss will also implement the newly released Luxexcel VisionPlatform™ 7 at its industrial facility in Basel, Switzerland. This shared strategy will accelerate the delivery of “Swiss-made” prescription lenses that are ideal for smart eyewear devices. As one of Europe’s largest ophthalmic laboratories, Optiswiss will use VisionPlatform 7 to provide a production facility for customers, to manufacture prescription lenses and accelerate the launch of their smart eyewear devices. The platform 3D prints a variety of prescription smart lens solutions for Augmented Reality smartglasses and switchable sunglasses in a […]
EIF ROLLS OUT A €100M COVID-19 INNOVFIN SUPPORT FUND
EIF announces first investments via a €100 million RE-FIT Facility to provide equity funding for companies impacted by COVID-19 in Europe and Horizon 2020 Participating Countries The first investment under the Recovery Equity Facility for Innovative Technology Companies (RE-FIT Facility) – part of the InnovFin Equity programme will support the More VC III Fund EIF has also signed an agreement with SET Fund II in the Netherlands and is expecting to announce 4 additional RE-FIT facility investments before the end of the year The European Commission is partnering with the European Investment Fund, to announce the first two investments from the €100 million COVID-19 equity financing RE-FIT facility for tech companies across Europe and Horizon 2020 Participating Countries. The investment into the MoreVC III RE-FIT Fund will target seed and series A tech companies in the Deeptech/ICT agriculture, renewable energy, shipping, industrial automation, cybersecurity and AI sectors. EIF’s USD 18m (€15 million equivalent) investment […]