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The new fund, known as Adara Ventures Energy I, is classified under Article 9 of the Sustainable Finance Disclosure Regulation for its commitment to sustainable investment objectives.
It is backed by the European Investment Fund (EIF), which has contributed €35 million of Adara Ventures Energy I's planned overall investment of €120 million.
It will support early-stage companies specialising in the development of innovative technologies that accelerate the transition to a new, decarbonised energy model.
It is backed by the European Investment Fund (EIF), which has contributed €35 million of Adara Ventures Energy I's planned overall investment of €120 million.
It will support early-stage companies specialising in the development of innovative technologies that accelerate the transition to a new, decarbonised energy model.
The hybrid storage project with grid-forming control developed by both companies demonstrated the ability of the combined system to operate in GFM mode providing a wide range of services.
The four startups chosen will launch pilot projects in partnership with Redeia's subsidiaries, including Red Eléctrica, Redinter, Reintel, and Hispasat.
Elewit has invested 1.7 million euros through this programme and has already supported 30 commercial pilots with 26 startups from both national and international backgrounds.
Elewit has invested 1.7 million euros through this programme and has already supported 30 commercial pilots with 26 startups from both national and international backgrounds.
The collaboration includes Terna Forward, the Corporate Venture Capital (CVC) vehicle of Terna, the Italian transmission system operator (TSO). As a result, Redeia’s technology platform is strengthening its CVC portfolio, focused on Seed and Series A startups. This portfolio already contains seven well-known emerging companies like HESStec, OktoGrid, and Nearby Computing.
Specialised in applying AI to the maintenance of linear structures in the electrical and railway industries, Unusuals took part in the first edition of Elewit’s Venture Client programme. It also won the Data Challenge in 2020 and is currently one of Red Eléctrica’s suppliers.
Specialised in applying AI to the maintenance of linear structures in the electrical and railway industries, Unusuals took part in the first edition of Elewit’s Venture Client programme. It also won the Data Challenge in 2020 and is currently one of Red Eléctrica’s suppliers.
Within the DALIA project, Elewit and Aerolaser System are creating a digital twin of the entire electricity transmission infrastructure managed by Red Eléctrica. The aim is to improve efficiency and safety in infrastructure maintenance and incident prevention.
Elewit has a stake in the capital for technology-based startups that strategically align with the ecological transition, and HESStec's hybrid storage solution is one of the company's main investments.
