GDF SUEZ invests in Powerdale, a young Belgian company specialized in energy monitoring and electrical mobility.
1st investment by GDF SUEZ New Ventures, an investment fund focused on innovation
GDF SUEZ New Ventures, the €100 million investment fund created in May by GDF SUEZ targeting innovative startups, has completed its first investment. In less than three months since the fund’s creation, it acquired a 33% equity stake in Powerdale, a young Belgian company specialized in energy monitoring and electrical mobility, thus confirming the GDF SUEZ commitment to gain new businesses in the energy sector where transformation is in full swing.
Powerdale customers, GDF SUEZ subsidiaries Electrabel and Cofely, are working together with Powerdale on its sub-metering system and have collaborated closely on the company’s introduction of CarPlug.
Energy monitoring is a major challenge for the future. Powerdale is therefore developing a professional use sub-metering system, providing full-service from data capture to detailed dashboard consumption reports (natural gas, electricity, water, compressed air, steam and other), including use predictions based on statistical models and alerts in case of unexpected consumption.
Powerdale has developed an electrical mobility product line for home and corporate customers. It is a complete solution including a powerful and innovative charging station and an IT platform supporting all processes, from connection to payment.
The products developed by Powerdale make an optimal use of decentralized energy infrastructures possible, enabling a cost reduction to the deployment of electric vehicles and a transition to advanced demand side managent.
About GDF Suez New Ventures
Support for startups engaged in an industrial process
The GDF SUEZ New Ventures fund aims first of all to take minority equity positions in startups that share the strategic business orientation of GDF SUEZ and have reached the pre-production development stage. The fund is now primarily focused on opportunities in Europe, North America, Asia and Israel, although its aim is eventually to cover the entire world.
It has identified the following sectors:
– Energy control and load management,
– Municipalities, regions and mobility,
– Indoor comfort,
– Decentralized power production and storage.
Powerdale’s offering fits quite well in these fast developing activity sectors.