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.

Technology Monitoring is the key to making the most of the potential of new technologies, as well as raising awareness of the risks that they can generate in the future.

Red Eléctrica collaborates with the startup Radiflow in a project to improve the cybersecurity of critical infrastructures through advanced monitoring of data traffic in industrial environments.

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 Despega programme offers Redeia and its subsidiaries' employees (Red Eléctrica, Reintel, Hispasat, Redinter, and Elewit) the opportunity to develop and launch their own ideas into the market, potentially even creating spin-offs to develop them.
In the first three years of this initiative, Elewit assessed a total of 30 ideas, supported nine, and created four new products or services in the market. All these proposals are focused on accelerating the processes of ecological transition and universal connectivity.

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.